Travel credit refers to a type of reward or benefit offered by certain credit card companies, travel booking websites, and other entities in the travel industry. It is essentially a form of reimbursement for expenses related to travel, such as flights, hotels, rental cars, and more.
When someone signs up for a new credit card or makes a purchase through a specific travel booking website using their credit card, they may be eligible to receive a certain amount of "travel credits" which can then be used towards future travel expenses. This is often advertised as an incentive to sign up for the credit card or use that particular travel booking site.
The specific terms and conditions surrounding travel credit vary depending on the issuer, but generally speaking, it works by giving a certain amount of points or miles to the account holder when they make eligible purchases with their credit card. These points can then be redeemed for travel-related expenses at a later date.
In summary, "travel credit" is a type of reward offered by various entities in the travel industry as an incentive for consumers to use their services or sign up for certain products such as credit cards. It allows individuals to earn rewards that can be used towards future travel expenses.