The APR May Be Higher Than Other Cards

Category: Finance, Credit.

Most who look for a new card investigate thoroughly regarding the annual fee, service fees involved, percentage of APR and other offers. Sometimes in this process they fail to take note that some of the factors or benefits they have taken into consideration to decide on a particular credit card are temporary benefits.

They make a decision based on these parameters. Where as if you look for a travel reward card, it will be highly beneficial on the long run especially you are a frequent traveler. You can get air miles on a specific airlines, it will get discounts on hotel stays and car rentals. A Travel reward card brings a whole bunch of benefits if you use your card well. This will be a permanent benefit and not a temporary offer. If you do not wish to utilize all the air miles on travel, you can as well exchange those miles for points that will fetch you discounts on purchase of certain branded products. If you channel all your family purchases using the same travel reward card you an imagine yourself taking your family on a free trip.

Many major credit card companies tie up with popular airlines and offer great travel reward card schemes. Before deciding also consider the complications involved in converting your points to real benefits. American Express, Bank of America, Chase and Chase are some of the cards that you can consider when you would like to apply for a travel reward credit card. As often is the case with credit card industry it might have a complicated and time consuming process to have your points converted to real enjoyable benefits. Though a travel reward card is attractive, as usual you need to be careful to identify any string that might be attached with these cards. Read the terms and conditions carefully so that you dont feel cheated at the end of the day.

For instance, sometimes a card might have annual fee that is greater than other cards. The APR may be higher than other cards. Since air miles are attractive rewards, many go for travel reward credit cards and they fail to notice the annual APR, so you need to cautious of this too. If you are a big time traveler, then you might consider compromising on the above factors. If you normally prefer a specific airline for your travel then you might as well check whether that particular airline has a good traval reward card program. Moreover, you need to be clear on how you are going to utilize the travel points earned then you can decide accordingly. Summary: A travel reward credit card can be relatively more beneficial if you travel much.

The points gained while using a travel reward credit card can be redeemed for air miles, restaurant bills and, hotel stay charges car rentals. Travel rewards are more of permanent nature and you can enjoy these benefits as long as you use the card. You need to find reliable company that really allows you enjoy what it promises. On the whole a travel reward credit card always goes the extra mile when compared to the other credit card rewards. Beware of other strings attached such as higher annual fee, other hidden costs, greater APR etc. Certainly an ideal option for those who travel a lot.

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