Personal Finance and Investing

Everyone wants to make the most out of their vacations, and there is no easier way to do this than to use your credit card.

Before you laugh off the notion of a credit card making your vacation better, consider the following perks of using credit cards the next time you vacation:

• Airline miles – Earning frequent flyer miles are a fantastic reason to use your credit card for your next vacation. The more you spend, the more frequent flyer miles you earn. Consider using your frequent flyer miles to discount your next airline ticket, or charge your vacation purchases to begin earning more frequent flyer miles for your next trip.
• Free Hotel Stays - Check your rewards credit card to see if it applies to hotel stays. Many rewards credit cards work with hotel chains to pay for free hotel stays with rewards points. There are also several credit cards that offer bonus rewards points for simply making the first purchase on your rewards credit card (try the Citi Hilton Honors Card).
• Free Car Rentals – Most credit cards offer discounts on rental cars when you use your credit card. Many cards offer free car rental days simply for using their credit cards (try the WorldPerks Visa Signature Card).
• Car rental insurance – Rent your next car on your credit card and take advantage of the card’s rental insurance. The Citi Platinum Select card, for example, allows you to decline the rental car’s insurance and instead be protected through your credit card.
• Travel accident insurance – Before you purchase travel accident insurance through a travel agency, check to see if your credit card company offers it. Most Chase cards, for example, offer free travel accident insurance when you book your travel with your credit card.
• Emergency Roadside Assistance – Most credit cards offer emergency roadside assistance, so check to make sure your credit card also offers this service before embarking on your next road trip. Most Capital One credit cards offer this feature.
• Theft Protection – Credit cards that offer theft protection coverage allow you to feel safe making credit card purchases while on vacation, and also eliminate the need to bother with traveler’s checks. Contact your credit card company and ask about their theft protection coverage, as most credit cards offer some sort of protection against unauthorized use of your credit.

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