Credit Card: Take these precautions while using credit card abroad, millions will be saved
Everyone likes to travel. Credit cards have become the preferred payment option for international travel due to their ease of use, ability to set limits, and their acceptance at hotels and major merchants around the world. Today we will tell you how to make foreign travel profitable by making proper and full use of credit cards.
People in the country may not spend on anything else, but everyone is fond of traveling. Most of the people are fond of traveling abroad. In such a situation, they consider credit cards better than carrying cash abroad because it is considered more convenient and safe.
Credit cards have emerged as a good option to pay for international travel due to their ease of use, the ability to control and set limits, and their acceptance at hotels and major merchants around the world.
Today we will tell you how you can make your foreign travel profitable by using your credit card properly and fully:
Companies often partner with airlines, hotels, or travel partners to provide value-added benefits such as accelerated rewards on travel-related spends, bonus air miles, travel booking points, complimentary lounge access, and travel insurance.
Such as Air India SBI Signature Credit Card, Axis Bank Vistara Infinite Credit Card, Kotak Indigo Ka-Ching 6E Rewards XL Credit Card, etc.
Customers must use the credit card for public transport, airport parking, in-flight meals, etc.
By accumulating reward points, you can avail a variety of benefits such as free lounge access, complimentary meals, delayed checkout, concierge services, extra baggage allowance, and discounted car rental services.
In addition, some credit cards have tie-ups with hotel chains, where the rewards points can partially cover the cost of the stay.
Credit card issuers levy foreign currency transaction fees ranging from 1.5 percent to 3.5 percent of the transaction value. You should choose a card keeping in mind what charges, rewards, and offers work for you.
By splitting spending across multiple cards, users can increase their spending limit, enjoy more rewards and perks, and even spread the interest-free repayment period if the cards have different payment cycles, provided users manage them judiciously.