Travelling far and wide is becoming the new normal. Many people are giving up their steady day jobs and jumping on the travel bandwagon to circumnavigate the globe while others are still stuck to their 9 to midnight jobs to maintain their current lifestyle. Who doesn’t dream of a couple of nice vacations every year?
But even with the affordable air travel, holidays are an expensive affair.
Is there a way to travel for less?
I am glad you asked because the answer is yes. With a little bit of planning, you can travel longer on a smaller budget. The key is in being patient and using the right strategy. For example, instead of splurging one holiday a year, with the right planning, you can take two nice vacations.
Air tickets and stay are the two big-ticket items you have to handle. There are a few ways to do that.
Get a credit card that gives the highest mile rewards for every transaction. For example, you can buy groceries on your credit card, and it will reward you with air miles. Collect points like this for a year or two and you can fund an around the world ticket. Many frugal travellers have done this successfully multiple times. if you find the right card, you can do it too.
Some credit cards also give you access to discounted flight tickets, cheaper hotel stays and even cash back. So weigh the options and see which works best for your situation. Our suggestion would be to go with the highest air miles rewards. But that is not the only way to go about it.
We analysed the top credit cards for travel based on a middle-class holiday budget and here is what we found out.
Capital One Venture Card
On a five year average, Capital One Venture Card has one of the best air miles reward program. They reward two miles per dollar spent on holidays and you also get 10 miles per dollar if you book a hotel stay via their portal on Hotels.com. They have no annual fee for the first year and reward 50,000 bonus miles if you spend $3000 within first three months.
Chase Sapphire Reserve® Card
Chase Sapphire Reserve® Card has a hefty $450 entry fee. But it is still a great travel card because you get a sign-up bonus worth $750 and an annual travel credit of $300. You also get to earn three points per dollar spent on travel and dining. You can also use hotel transfers to redeem points.
The Platinum Card® from American Express
If you prefer luxury in your travel, The Platinum Card® from American Express is your best friend. With this card, you get access to American Express Centurion lounges and Delta Sky Club when you fly with the airline. You also get Priority Pass Select membership when you join the program. However, the joining fee is steep at $550. But they give $200 in Uber credits and $200 worth airline credits. So it is money well spent.