This fee is most often
found on travel credit cards that offer benefits like airport lounge access, premium rewards earning, and complimentary airline or hotel elite status.
Your credit
limit on a travel credit card may be far lower than what you could realistically get on a personal loan (for example, a $ 5,000 card limit compared to a $ 10,000 loan).
Approval requirements may be more
strict on a travel credit card, since the more competitive the rewards, the higher an applicant's credit score may need to be.
Yes, it is essential to watch out for points and
mileage on the travel credit cards but it is also necessary that you go for a card that has cash back options to get the best of both worlds.
One way to get started is to get your
hands on a travel credit card that offers you a good deal on miles, both on a new signup bonus and on future purchases made which give you mile bonuses.
If your card earns 2 % back then you know you're getting back $ 20 when you spend $ 1,000 versus if you earned
points on a travel credit card your value received would depend on the valuation of the points and potentially other perks offered by the card.
And paying a big
fee on a travel credit card can also be worth it when the card's benefits are considerably more valuable than the fee itself, or if the card offers perks or rewards you couldn't earn otherwise.
Some of the biggest credit card sign - up bonuses are
on travel credit cards.