Summer vacations in India or abroad come with excitement, refreshment and higher expenses. Considering the modern lifestyle choices, the cost of a summer trip may go beyond your planned budget. To ensure you cover all these expenses effortlessly, carry a customised travel credit card from a reputed issuing company.
Travel credit cards offer numerous benefits for travellers, allowing them to enjoy their vacation without any financial worry.
Benefits of taking travel credit cards during a vacation
Travel credit cards bring along the basic features of the financial tool along with some additional ones.
1. Instant credit
Carrying cash is not always a safe option, especially in an unknown place. There, you can easily use your credit card to purchase merchandises or make bill payments, etc. This financial tool is also beneficial during a shortage of cash as you get access to credit instantly.
2. Pay for multiple purposes
Not only for products, but you can also use your card to pay for airfare, accommodation, food and many other expenses. This makes it a versatile financial tool during summer vacation.
3. Perks of high-end security features
With the increase in cybercrime and fraudulence, security of these payment cards has become a huge priority among issuing companies.
The best cards are, therefore, equipped with robust security features to prevent theft, loss or fraud. For example, the Bajaj Finserv RBL Bank SuperCard features in-hand security and zero-fraud liability for complete protection against such threats.
4. Easy EMI conversion
A significant benefit of a credit card is that you can easily convert your high-end expenses into small EMIs. It makes your purchases more affordable, allowing you to shop with no monetary woes.
5. Huge reward points
Reward programs are probably the biggest reasons to avail a travel credit card. These customised cards can earn you huge reward points on transactions such as flight tickets, hotel booking, etc., making your travel cheaper. Accumulate exclusive reward points on international and domestic expenses as well. Some credit cards even offer welcome bonuses with up to 20,000 points on joining.
Redeem these points for attractive discounts, cashbacks, bonuses, gift vouchers, etc. It is one of the many reasons why credit cards are better than debit cards.
Additional benefits of availing travel cards
Besides the perks mentioned above, you can enjoy the following benefits exclusively with a travel card.
I. Access to airport lounges
The best travel cards offer complimentary access to airport lounges so that you have a comfortable experience during transit. Especially in crowded airports, you can use such airport lounges equipped with top amenities, fresh food, and more.
II. Discounts and offers on hotel stays
As card issuing companies are partnered with hotels and booking sites, you can receive exclusive discounts on hotel stays during the travel. You may need to book via their partnered booking sites. This allows you to enjoy top-notch accommodation at discounted rates.
III. Earn air miles
With travel credit cards, you can earn frequent-flier miles or air miles with every trip. These are reward points which you accumulate depending on the air miles and the amount spent using that credit card. Redeem these points later on future flight tickets.
Additionally, you can enjoy the following perks as well:
- Fee waivers on specific transactions.
- Forex benefits when travelling abroad for vacations.
- Speedy check-in facilities at airports.
- Discounts on vehicle rental, dining, etc.
These are the reasons why you are smarter with a travel credit card in your pocket during a vacation.
As per statistics, 2018 saw a 59% increase in individuals from metro cities availing travel credit cards. A whopping surge of 309% was recorded in non-metro cities.
One of the versatile cards currently in India is the RBL Credit Card. It integrates the powers of 4 different cards and offers industry-first features like:
- Cash withdrawal from ATMs across India with 0% interest on the repayment for up to 50 days.
- Personal loan against the unutilised limit of the card during emergencies. This loan levies a 0% rate of interest for up to 90 days.
The process to apply for this card is simple if you meet the eligibility parameters. Submit an online application form along with the essential documents.