Are Travel Rewards Credit Cards Worth It?
Time Saved: 8 Min
:max_bytes(150000):strip_icc()/GettyImages-1425234504-3efac284aad344358ee61d959581d821.jpg)
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 rekindling their interest in traveling following a period of restrictions. Travel rewards credit cards can help travelers earn points or miles for free flights and hotels. However, it's important to weigh the benefits against the fees and interest charges. Frequent travelers, business owners, and those who pay off their balances monthly can benefit the most. Consider factors like earning potential, annual fees, and perks before choosing a travel rewards card. It's essential to understand the terms and conditions, blackout dates, and redemption options to make the most of these cards. To ensure a card is worth having, look for no annual fee, high earning potential, and valuable perks. Ultimately, the value of a travel rewards card depends on individual travel habits, spending capacity, and ability to manage credit responsibly.