Advertiser Disclosure

MoneyFix Podcast: ‘Is a Travel Credit Card Right for Me?’

Credit Cards, Personal Finance, Travel Credit Cards
With so many websites offering free financial tools, it can be hard to know whom to trust. At NerdWallet, we spend literally 1,000s of hours researching partner offers and following strict editorial integrity to match you with the perfect choice. We even share how we make money so you can enjoy our expert advice and researched recommendations with total clarity and confidence.

This week, Dayana and Sean dive into the world of travel rewards credit cards — whether or not you should get one, how to use them and the caveats along the way. NerdWallet credit card reporter Greg Karp goes along on the journey.

LogoResize_GooglePlay_320x184@2x

LogoResize_iTunes_320x184@2x_wide

Takeaway tips

Figure out if you’re a good candidate. You may be if you pay off your balance every month, travel multiple times a year and have good to excellent credit.

Even if you are a good candidate, you might be able to get a better value from a cash-back card. In a NerdWallet survey analysis, we found that to be the case for many consumers.

Don’t get fooled by a big sign-up bonus. Use it, but know that once you blow through that, it’ll take a while to earn enough points for another flight.

And, speaking of points — be aware that the value of points can vary widely from one rewards program to the next. When redeeming points, try to get 1 cent or more for them. (And check out this article for a breakdown of point values of various cards.)

Work that “earn and burn.” Use your card at places that give you the most value for your dollar — like getting double points at restaurants. Then burn those points where you get the most value — such as flights and hotels. Some cards require you to use points so they don’t expire, so check your terms and conditions.

More about travel credit cards

2017 Travel Credit Card Study

NerdWallet’s Best Travel Credit Cards of 2017

NerdWallet’s Best Airline Credit Cards of 2017

Best No Foreign Transaction Fee Credit Cards of 2017

Send us your questions! Email us at podcast@nerdwallet.com. You can also text or leave us a voice message at 805-751-6373 (that’s 805-751-NERD). 

Get more of your MoneyFix