Hidden Costs of Your Travel Rewards Credit Card: How to Save Money
Additional Fees Can Add Up
Travel credit cards may come with high annual fees and hidden charges like credit card interest and foreign transaction fees. Paying your balance in full monthly and choosing cards without foreign transaction fees can help you save significantly in the long run.
Unused Rewards Can Cost You
Hoarding points or miles may lead to loss of value over time. Redeem rewards strategically and avoid falling victim to changing rewards programs. Use your rewards sooner to ensure you don't miss out on the benefits you deserve.
Unused Benefits Wasted Money
Many travel credit cards offer various benefits that you may not fully utilize. If you're not maximizing the perks provided, it might be time to explore other card options to save on unnecessary expenses and get the most from your credit cards.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.