Credit cards are a convenient and widely accepted way to pay for travel expenses abroad. However, there are some important things to consider before you use your credit card on your next trip. In this blog post, we’ll discuss the pros and cons of using credit cards while travelling, as well as tips for using your card safely and cost-effectively.

Pros of Using Credit Cards While Traveling

Here are some of the benefits of travelling with credit cards.

Convenience

Credit cards are a safe and easy way to pay for your travel expenses. You don’t need to carry around a lot of cash, which can be a security risk.

Security

In the event your card is lost or stolen, you are typically liable only for a limited amount of unauthorized charges. This can provide peace of mind while travelling.

Rewards

Many credit cards offer travel rewards programs that can help you earn points or miles towards free flights, hotels, and other travel expenses.

Travel Insurance

Some credit cards offer travel insurance benefits, such as trip cancellation or interruption insurance, rental car insurance, and baggage delay insurance. These benefits can save you money and provide peace of mind in case of unexpected events.

Currency Exchange

While not always the most favourable rate, credit cards can provide a convenient way to exchange currency for your travel destination.

Tips for Using Credit Cards While Traveling

Thinking of using credit cards during travel? Here are some tips to help you.

Notify Your Credit Card Issuer

Before you travel, let your credit card issuer know that you’ll be travelling internationally. This will help to prevent your card from being frozen for suspected fraudulent activity.

Choose the Right Credit Card

There are many travel rewards credit cards available that offer benefits such as no foreign transaction fees, travel insurance, and airport lounge access. Consider these factors when choosing a credit card for your trip.

Be Aware of Currency Exchange Rates

The exchange rate you get when you use your credit card abroad may not be the most favourable. It’s a good idea to do some research beforehand so you know what to expect.

Consider a Travel Credit Card

A travel credit card can be a good alternative to a regular credit card if you’re concerned about foreign transaction fees or overspending. Travel credit cards typically offer better exchange rates than traditional cards and don’t allow you to spend more money than you have in your account.

Carry a Backup Card

It’s a good idea to bring a backup credit card in case your primary card is lost or stolen.

Be Smart About Using ATMs

Avoid using ATMs in sketchy locations, and be mindful of your surroundings when withdrawing cash.

Review Your Statements Carefully

When you return from your trip, be sure to review your credit card statements carefully to ensure there are no fraudulent charges.

Using a Credit Card with a Travel Rewards Program

Travel rewards credit cards can be a great way to save money on travel expenses. When choosing a travel rewards card for your trip, consider the following factors.

· Rewards: What kind of rewards does the card offer? Are they points or miles that can be redeemed for travel expenses, or are they cashback that can be used for anything?

· Foreign Transaction Fees: Does the card charge a foreign transaction fee?

· Annual Fee: Does the card have an annual fee? If so, is the value of the rewards worth the annual fee?

· Travel Insurance: Does the card offer any travel insurance benefits?

Here are some popular travel rewards credit cards in Canada to consider:

· RBC Avion Visa Platinum

· American Express Cobalt Card

· ScotiaBank Passport Visa Infinite

· TD Aeroplan Visa Infinite Card

· HSBC World Elite Mastercard

Travelling Can Be Rewarding: Great Canadian Rebates to the Rescue

Travelling can be an enriching and unforgettable experience, but it can also be expensive. Here at Great Canadian Rebates, we understand that maximizing your rewards and minimizing your costs is a priority. That’s why we’re your one-stop shop to navigate the exciting world of travel rewards programs and credit cards in Canada.

We empower you to make informed decisions by providing insightful comparisons, reviews, and valuable information on a variety of credit card options.

We showcase cards that offer generous rewards programs, allowing you to earn points or miles toward flights, hotels, and other travel expenses. Imagine using your everyday purchases to pay for dream vacations!

Furthermore, not everyone prefers points or miles. We also feature cards that offer cashback specifically for travel purchases. This allows you the flexibility to use your rewards for any travel-related expense, from flights to car rentals.

Great Canadian Rebates go beyond credit cards. We’re your Canadian resource to explore the world of cashback opportunities specifically designed for online shopping. Many travel providers, from airlines to booking platforms, partner with cashback sites. This means you can earn cashback on top of any points or miles you earn through your credit card rewards program!

Maximize Online Shopping Cashback on Credit Cards

Strategic use of credit cards with online shopping cashback programs can significantly boost your travel rewards. Here’s how:

· Pair Your Travel Rewards Card with Cashback Sites: Many cashback sites allow you to link your travel rewards credit card. This lets you earn both the cashback offered by the site and the points or miles from your credit card on the same purchase.

· Look for Targeted Offers: Cashback sites often feature special promotions and bonus offers with specific travel providers. By strategically timing your travel bookings to coincide with these offers, you can maximize your cashback earnings.

Rememberit’s crucial to navigate the various credit card fees associated with travel to ensure you’re truly maximizing your benefit. Great Canadian Rebates equips you with the knowledge to make informed decisions.

Let Great Canadian Rebates be your trusted guide on your journey to rewarding travel experiences. Visit our website to learn more about how we can help you leverage credit card rewards for travelling and everyday use.