Are Travel Rewards Credit Cards Worth It?
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A travel rewards credit card may be worth its annual fee if you travel frequently and use it often enough to qualify for rewards and frequent flyer program elite status.
Americans are showing an increased interest in travel, with 54% stating that taking time off to travel is more important now. Travel rewards credit cards offer points or miles for travel-related expenses and other benefits like lounge access. However, the value of rewards should be compared to card fees and interest. Frequent travelers and business owners can benefit the most from these cards. It's important to pay off balances monthly to maximize rewards. Each card has specific terms for earning and redeeming points or miles. Research and compare cards to find the best fit for your travel and spending habits. Consider blackout dates and restrictions before selecting a travel rewards card. Pay attention to earning potential, annual fees, APR, and added perks when choosing a card. Ultimately, the value of a travel rewards card depends on individual travel frequency, spending habits, and ability to manage the card effectively.