Home > Credit Cards > Travel Often? Make Sure Your Credit Card Has These 6 Features

Comments 0 Comments

Travel credit cards come in many forms and offer a variety of benefits. Some cards earn miles and points that can be redeemed for travel expenses, while others might be tied to specific hotel chains or airlines. The benefits and costs vary. Frequent travelers should choose a card that rewards the way they spend and the way they travel.

No matter what miles programs or travel perks you want, certain travel features can come in handy on any trip. While they aren’t as flashy as signup bonuses or travel credits, these features can drive down travel costs and offer protection in case of emergency. (You’ll need a solid credit score to qualify for a card with the best features. Check two of your scores on Credit.com.)

Here are six features to look for when evaluating a travel credit card.

1. Free Foreign Transactions

If you tend to travel abroad, you could be paying more than necessary every time you swipe your credit card. Many credit cards issue a foreign transaction fee every time you pay, usually around 3% of the transaction amount. If you use a credit card for most purchases when you travel, this can add significantly to the cost of your trip.

When evaluating travel cards, make sure they offer free foreign transactions.

2. Trip Cancellation Insurance

No travel plans can be set in stone. Emergencies or last-minute complications can wreck your itinerary. In many cases, changing or canceling a trip could cause you to forfeit some of your expenses. With trip cancellation or delay insurance, credit card providers will reimburse you any nonrefundable costs you paid for with your credit card.

3. Car Rental Collision Coverage

If you frequently rent cars during your travels, you’re likely used to car rental agencies trying to sell additional collision insurance. But many travel credit cards extend collision insurance to any car rentals you charge to your card, giving you the freedom to decline additional coverage and save on those costs.

4. Lost Luggage Reimbursement

Not all travel cards offer lost luggage reimbursement, and policies may differ between credit card companies. The total amount of coverage can vary and each policy may have different requirements. In any case, lost luggage is a risk any time you entrust your bags to an airline, cruise ship or other transportation provider. With this feature, credit card providers reimburse you for any lost luggage (up to a certain monetary amount).

5. Baggage Delay Insurance

If your baggage is misplaced, lost or otherwise delayed, baggage delay insurance covers the cost of any urgent needs created by the delay. Necessities covered may include clothes, toiletries and other essential items.

6. Emergency Travel Assistance

Travel assistance and emergency services can help you make last minute travel arrangements or respond to an emergency during your trip. This could include travel reservations, quick access to medical or legal professionals and roadside assistance. Some credit card companies offer 24/7 emergency service for these urgent requests.

Image: william87

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Certain credit cards and other financial products mentioned in this and other sponsored content on Credit.com are Partners with Credit.com. Credit.com receives compensation if our users apply for and ultimately sign up for any financial products or cards offered.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Our Owners

Credit.com is owned by Progrexion Holdings Inc. which is the owner and administrator of a number of business related to credit and credit repair, including CreditRepair.com, and eFolks. In addition, Progrexion also provides services to Lexington Law Firm as a third party provider. Despite being owned by Progrexion, it is not the role of the Credit.com editorial team to advocate the use of the company’s other services. In articles, reporters may mention credit repair as an option, for example, but we’ll also be sure to note the various alternatives to that service. Furthermore, you may see ads for credit repair services on Credit.com, but the editorial team isn’t responsible for the creation or implementation of those ads, anymore than reporters for the New York Times or Washington Post are responsible for the ads on their sites.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team