Travel rewards programs offered by credit cards are reasonably flexible and might provide airline miles, points that are redeemed for accommodation, or both. Points or airline miles are earned whenever the card is used. When the card is used for travel-related spending such as purchasing airline tickets or hotel accommodations, a greater number of points are often awarded. Points can be redeemed for airline tickets, hotel accommodations, car rental, or special priority treatment or upgrades while traveling.
When considering a travel reward credit card, examine:
- How many points are earned per dollar spent.
- How these points are converted into miles or dollars towards other rewards.
- Whether this card has an annual fee, and/or introductory interest free rate.
Rewards are usually linked to a certain brand or spending pattern. When considering a travel rewards program it is worth choosing one which has no blacked out dates for travel or hotel stays. There may also be limits on how many points can be earned annually and a time limit in which to use them.
