On a similar note...
On a similar note...
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College students at four-year public universities spend on average $17,500 each year for tuition, fees and room and board, according to estimates provided by the National Center for Education Statistics for data collected in the 2012-13 school year.
That’s a lot and could leave little wiggle room in budgets for travel.
So how can college students make travel accessible while living on a tight budget? The key is to build travel rewards through normal credit card purchases.
» Learn more: The best travel credit cards of 2018
Here are four simple tips college students — from the first-year undergraduate to those considering a doctorate — can do to utilize their everyday spending to earn travel rewards.
1. Get rewarded when you buy textbooks
The average estimated cost of books and supplies for in-state students living on campus at public four-year institutions in 2016-2017 was $1,250, according to the College Board. Students and families often budget for this expense, and one way to earn rewards off this spending is to work toward the minimum spend bonus on your travel credit card.
For example, the Delta SkyMiles® Gold American Express Card offers this: Earn 50,000 bonus miles after you spend $2,000 in purchases on your new Card in your first 3 months, Offer Expires 10/28/2020. Terms Apply.
Textbooks can be a natural way to achieve this dollar amount, but make sure to have the money available to pay off the balance in full. Bonuses would not beat paying interest on a large purchase, and this tactic assumes that you do not need financial aid to purchase books.
» Learn more: Where to start when creating a college budget
If you do have the money set aside to pay for books, it’s nice to get rewarded in the process. And once the semester ends, you may be able to sell several books back.
2. Let your gas rewards add up
If you commute to school or travel home often, make sure your credit card offers gas rewards. Any time you fill up, you’re earning travel points.
Or if you decided to take an impromptu road trip for spring break or a long weekend with friends, even if you don’t own the car, offering to pay for the gas is an easy way to contribute to the trip’s cost and earn rewards at the same time.
The Chase Sapphire Preferred® Card, for instance, offers bonus points for gas station purchases.
3. Pay the utilities
Students often live with roommates, and whether in a house or apartment, many rental situations require renters to pay at least some utilities separate from the rent cost.
If you are willing to put the bill in your name and card and make sure your roommates pay you’re their share each month, you can earn a lot of points for this everyday expense.
4. Earn and redeem points on study abroad trips
If you plan to study abroad, make sure to either book your ticket with a travel rewards card, or even redeem miles to get your ticket.
Also consider getting a credit card with no foreign transaction fees, such as the Delta SkyMiles® Gold American Express Card, the United℠ Explorer Card, and the Chase Sapphire Preferred® Card. And if you aren’t sure what airlines will be needed to get to your study abroad location, a general travel card like the Chase Sapphire Preferred® Card may be the best option.
How to Maximize Your Rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2020, including those best for:
Airline miles and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Wells Fargo Propel American Express® card
Flat-rate rewards with no annual fee: Bank of America® Travel Rewards credit card
Premium travel rewards: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card