29 AUGUST, 2022

Even though people were confined to their homes during the lockdown, the demand for travel credit cards increased in FY21, particularly in the fourth quarter. 

Travel credit cards accounted for 25.6% of all applications in FY21, up from 17.13% in FY20. 

Due to features like base fare discounts, complimentary airport lounge access, and onboarding privileges, travel cards have increased in value over the past year.

Traveling is enjoyable and fulfilling, but it is also expensive. Everything about your trip could be costly, from parking at the airport to premium dining alternatives. 

One can think about getting a travel credit card if they do not want to stress spending more money in specific locations. These cards can offer benefits like complimentary access to airport lounges, hotel stays, special discounts, and other advantages.

With the help of your credit card, you can book your flight, hotel, and even rental car with utmost convenience. 

Here are some tips on how to use credit card when planning your next trip.

How can you plan your trip with a credit card? 

Here’s how to use credit cards to make your trip something to cherish:

1. Take advantage of credit card miles

Credit cards offer travelers the opportunity to earn rewards that can be used for flights, hotels and other travel expenses. 

Several credit cards provide credit card miles as a loyalty bonus to their users as an incentive for using their credit cards. You accrue miles as you make purchases with your credit card. 

You may be able to utilize your credit card miles to earn a free flight, depending on how many miles you have accrued and how much each mile is worth.

2. Enjoy facilities at airport lounges

Airport lounge access is another service provided by credit card companies, typically for a relatively low cost. 

Airport lounges are a worthwhile experience because they offer a wide variety of food choices and a luxurious place to wait while you enjoy your journey.

3. Make use of restaurant and retail discounts 

Credit cards offer great deals on dining out and shopping and attractive discounts on hotels and car rentals, so it makes sense to use them as often as possible while traveling.

Many credit card issuers collaborate with stores and restaurants to offer their clients discounts and special offers.

Make the most of these discounts to decrease the total cost of your trip. 

4. Check for hotel tie-ups 

Due to frequent partnerships between credit card companies and high-end hotels, cardholders get sizable discounts throughout their stay. 

A few credit card providers also partner with international organizations and low-cost hotels. 

You can check out hotel deals and fancy locations at a discount, depending on the type of vacation you are planning.

5. Use a travel credit card

The best way to make your travel plan is by using a travel credit card that gives you cash back on purchases you make while traveling. 

While on holidays, cardholders with travel credit cards can take advantage of various incentives. 

Travel credit cards include a wide range of features and benefits designed with regular travelers in mind, from presenting welcome gifts to allowing free access to airport lounges and fee waivers.

This can help you save money on your trip and earn points which can be used for future trips.   

With Kotak Mahindra Bank’s IndiGo Ka-ching 6E Rewards Credit Card, you can use the benefits of 6E and turn your spending into rewards. Earn travel coupons, early check-in privileges, free meals, and more!

Why should you plan your trip using a credit card?  

You should plan your trip using a credit card because of the following reasons: 

1. Eliminate the hassle of carrying cash

A credit card is a good idea if you want to travel with the least amount of money possible and have peace of mind. Additionally, most credit card reward points programs and, redeemable for free flights, hotel stays and more. However, ensure the complete credit card payment is made timely. 

2. Potential to earn rewards 

One of the best benefits of using a credit card is that it allows you to earn points and miles on every purchase. So, every time you purchase anything with a credit card, you earn some reward - including free travel or hotel stays or even cashback in your pocket.

It does not matter what kind of travel you are looking into; whether it is domestic or international, there will always be something available with these cards. 

3. Travel protection

Some credit cards provide travel protection if something goes wrong while traveling.

Travel and emergency assistance services, lost luggage reimbursement, and travel accident insurance are some benefits associated with travel protection.

However, check whether your card provides that service or not since not all cards come with this benefit.  

4. Secure way to pay 

Credit cards provide a secure form of payment in India and overseas for anything from shopping to booking hotel rooms, flights, and meals while traveling.

Additionally, you are not responsible if a fraudulent payment is made on the credit card after you lose it while traveling.

5. Complimentary lounge access 

Credit card issuers also provide customers access to complimentary lounges designed for frequent travelers. 

Benefits offered by the cards include complimentary membership to hundreds of airport lounges. Additionally, you receive air miles redeemable for several rewards.

Conclusion

Credit cards come in a variety of sizes and formats. They also vary in features, interest rates, and benefits. Thus, picking a credit card that will provide you with the most value during your travels is essential. 

The best travel credit card will consider various criteria, including how frequently you travel, the rewards you can use quickly, the features you value most, and your budget. 

Spend time comparing travel credit cards, and check out their features, rewards, payment methods and any additional charges. 

Kotak Mahindra Bank offers a variety of credit cards. These credit cards offer various benefits, divided into categories based on customer choices, such as travel, shopping, entertainment, lounge access, etc. 

So, go ahead and choose the best credit card as per your preference and needs, start earning rewards and enjoy your travel.

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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.