There’s been too many times when I’ve returned from a trip with travel withdrawal.
What’s travel withdrawal? Also known as travel hangover, it’s the phenomenon that occurs after a trip when you’re desperate to start traveling again, as soon as you return from a trip.
Needless to say, it makes doing any kind of work incredibly difficult. Sitting at a desk and staring at a computer screen only perpetuates the feeling. Travel is calling. But you’re stuck at a desk.
Fortunately, there’s a way to combat travel withdrawal. And it’s in your wallet.
Credit cards are one of several key methods of defeating travel withdrawal. How? You can track your credit card rewards program to find out exactly when your next trip will be. Flying is one of the most expensive parts of traveling: your credit card rewards program will give you points to pay for a ticket.
First, however, you have to have a credit card that gets you the points you need. Here are the things to look for in a rewards program, and some of the best cards you can choose. You’ll be traveling again in no time.
Always look for the lowest interest rate for a credit card. Expect to pay anywhere from 9 to 25 percent.
Many credit card companies offer insurance for cardholding travelers. Protect yourself while traveling and find out if your credit card company will help you rebook a cancelled flight or help recover lost baggage.
Especially if you are using the card to get miles with a rewards program, understand how many miles you are getting for every dollar you spend. You want a card that gets you the most miles per dollar spent.
Miles (Discover Card): The deals with this card start with double miles on $3,000 spent per year on travel and restaurant purchases. On all other purchases, cardholders earn 1 point for every dollar spent. This card has no annual fee, but make sure you pay your bills on time. The penalty interest for this card is 21 percent.
Venture (Capital One): This card has the crème de la crème of rewards programs. You earn 2 points for every dollar spent on all purchases. However, with an annual fee of $59 and a 29.4 percent penalty interest, this card is for disciplined with their charges.
Alaska Airlines Business (Bank of America): Cardholders earn 1 mile for every dollar spent. However, with any Alaska Airlines purchases of flights or vacation packages, cardholders earn 3 miles for every dollar spent. Couple this great mileage card with Alaska Airline’s Frequent Flyer Program and you’ll be traveling again in no time!
Here are the three cards compared side-by-side:
With these tips in mind, do your research on a new credit card. Your travel withdrawal will be cured sooner than you think.
FatWallet Tip: Our FatWallet Finance forum is rich with information on credit cards for all types of users! Check out this thread that answers the question, “What type of credit card should I get?” for various categories based on your money goals, the types of rewards you are looking for, what type of consumer you are and more.