Traveling is one of the best experiences one can have. There are many of us who aspire to travel to far off places but fail to find it economically feasible.

Post Images
.

Travel is a luxury and not everyone can afford it. Travelling for free is an art in itself. In fact, there are many people out there who get to travel the world without having to pay a single dime out of their own pocket.

This can be done through the use of simple pieces of plastic called travel rewards credit cards. One has to have a good credit score to qualify for a rewards credit card though.

Choose the Right Credit Card

This can be made sure by having a good payment history and having paid your dues on time. Firstly, you have to make sure that the card you’re choosing is the right fit for you. A card that is right for one person doesn’t necessarily have to be right for the other.

Two Types of Travel Rewards Credit Cards

There are broadly two types of travel rewards credit cards: general-purpose credit cards and brand-specific credit cards. The latter, as the name suggests, offering higher rewards for specific airlines and hotels.

Some issuers offer initial bonuses on just signing up for cards, and many people sign up for multiple cards just to take advantage of these initial bonuses. The term “credit card churning” is used for such practice.

To get the sign-up bonus, you’re required to spend a specific amount within the first few months using your credit card. The Chase Sapphire Preferred credit card, for example, offers 60,000 bonus points on spending $4000 in the first 3 months. These can be redeemed for miles. The key to this is to not spend more than one can afford.

Pay Monthly Bills Through Credit Card

Going into debt isn’t going to be of any use to you, no matter how high the bonus. One way to do this is to pay your regular monthly bills using your credit card. This way, your bills get paid at the same time as you get near the amount required to be spent.

It is necessary, however, to make sure that you opt for a card that doesn’t require you to spend more than what you would normally spend in order to get the initial bonus.

Look for Cards Without Any Annual Fees

Credit cards also may or may not come with an annual fee. When initially opting for a credit card, one should go for a card that charges no annual fees. This is important because banks usually look at your first credit card to see how long it’s been open and this has an effect on your credit score.

Responsible Decisions

Many people apply for a credit card, and then after having taken advantage of the sign-up bonus, get the card cancelled. One should also keep in mind, though, that getting a card cancelled affects your credit score. So acquiring a card and getting it cancelled should be done responsibly.

Rewards do come with an expiration date so make sure the credit card that you choose doesn’t have a short expiration period. Your miles add up and sometimes they’re enough to help you travel halfway across the globe if you need to without any money.

Credit cards come with a lot of perks, especially travelling, but even they have to be used responsibly or one could easily end up in debt without even having realized it in the first place. So safe travelling and safe spending!

An enthusiastic, self-motivated & detail-oriented professional Writer and Software Engineer.