Thursday, December 8, 2011

What credit card rewards program is best for travel?

I want to take my kids to Disney in 18 months. I don't have a credit card and am trying to figure out which one to get so we can save some $$$ on the trip.|||Well there are cards that will pay you up to 1.5% on all your spending in general. There are also cards that will pay higher rewards percentages on some categories of spending for travel (car rentals, airline tickets, etc.). For example, the Chase BP Rewards card pays 2% back on airline tickets, hotels, vehicle rentals, and restaurants. Other cards will pay up to 3% back for your spending at restaurants and in some other categories like home improvement (e.g. the Citi Professional card). Still other cards pay up to 6% back on gas, groceries, and drug store purchases (e.g. Citi Driver's Edge). I found all these cards at the rewards calculator site here: http://www.creditcardtuneup.com/.





In general, to maximize your rewards (cash back, etc.), you'll probably want to pump all your normal spending through credit card(s) that pay the best rewards in the categories you normally spend the most. Then, just pay off your balance every month and enjoy the cash back rewards or other rewards.





To find the credit card (or combination of cards) that will pay you the most for your normal spending profile, you can use this rewards calculator:


http://www.creditcardtuneup.com/





You just plug in how much you normally spend in each of the various categories each month and it calculates how much you'll earn from the various rewards cards per year.|||The benefits of travel credit card differ with the issuer. Some travel credit cards are exclusive to certain airlines such as Delta, Northwest or Jet Blue others offer a range of airlines to choose from. The rewards of some travel cards are limited to free airmiles only whereas some offer a good number of benefits as mentioned above. So, It is always advisable to look around and compare the various offers available from good credit card providers and settle for the one which provides the maximum advantage and benefits with minimum incurred costs.





Another issue that crops up with a travel reward credit card is the bonus that you get when you sign up with the credit card company or do your first purchase with the credit card. Many companies offer bonus airmiles when you get the credit card or when you make the first purchase. These bonus points give you a head-start in redeeming the benefits and getting a free trip. The travel reward points get accumulated as you travel more by using your travel reward credit card. Some credit card companies give you one point for every dollar you spent, some reward you better when you fly with their preferred partner. apply online for a best travel reward card at: http://www.credit-card-gallery.com/Airli鈥?/a>

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