4 Advantages of Using a Credit Card for your Dream Vacation - Kotak Bank
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26 FEBRUARY, 2020

Nothing beats the feeling of finally taking the much-awaited exotic vacation. Dream trips are not only awe-inspiring, but can be highly transformative too. They bring you joy and memories to cherish for a lifetime. However, there is no denying that going on a dream adventure can be an expensive affair. You may have saved-up for a long time, missed those shopping sprees or even considered a personal loan. Saving-up and getting a loan are good options, but you should also spend smart.

When used wisely, a credit card can leave you with several benefits while enjoying your dream vacation.

Top 4 Advantages Of Using A Credit Card For Dream Vacation

Enjoy convenience

Irrespective of where you plan your dream vacation, it is unsafe to travel with a pocketful of cash. The small plastic piece of your credit card will let you pay wherever and whenever you need. You do not have to worry about having enough cash in your wallet or misplacing it while you are around the place. Additionally, it is better suited when making big payments such as that for flights and hotels.

Better exchange rates

When on your trip, you can be boggled by the exchange rates and commissions charged by local merchants. You do not want to find out later that you have been charged a much higher rate. Using a credit card for your trip-spends will ensure that you avail of the current rates as provided by the card issuer.

Sign-up bonuses

There are numerous credit cards that you can pick from and each comes with competitive sign-up bonuses. From providing miles and points that helps you to save on your travel to making payments at various retail stops and dine-in partners.

Rewards and cashback

Depending on your credit card type, you can access exceptional rewards while making foreign spends. Card issuers usually have tie-ups with hotels, restaurants and airlines and this allows you to enjoy cashback and discounts. There are several loyalty programs as well that get you rewards when you make credit-card payments at the same vendor. However, you may have to spend a minimum amount to activate the available points.

The trick lies in using your credit card spends wisely. It carries a host of benefits but can also lead you to lose track of your spends. Thus, you should be cautious or you could end up in debt trap after a beautiful dream holiday.


Read Also:
Exploring Instant Discounts with MakeMyTrip

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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.