Many of the country’s leading travel experts predict an increase in travel this summer. It’s no surprise that after months of restrictions, Americans are ready to embark on their next adventures. While popular destinations are likely to be open and welcoming to visitors, increased traffic combined with higher prices may result in more expensive trips.
If you’re planning a trip this summer, learn how to incorporate smart spending strategies with these tips from Credit One Bank’s financial experts:
• Be flexible on travel dates and destinations. Unless your trip is tied to a specific event or occasion, try searching with flexible dates to find the best rates available. Likewise, if you know you want to get away from it all but aren’t sure where, try researching destinations that offer promotions or special offers for travel during certain times.
• Consider trip interruption and cancellation policies. Contingency planning can help protect you if a trip has to end early or be canceled altogether. Unless you have travel insurance, you risk losing money on non-reimbursable expenses such as flights, event tickets or tours. However, some travel agencies or your credit card provider may cover reimbursement for certain prepaid expenses. Find out about the options available before you travel to avoid additional headaches when the unexpected happens during a trip.
• Get rewarded no matter how you travel. Using your credit card rewards to offset travel costs is a smart strategy, but not everyone wants or needs perks like exclusive miles or points to use with just one travel partner. travel. With points-based travel rewards cards, like the Credit One Bank Wander Card, the more places you visit, the more rewards you earn along the way that can be redeemed for future experiences, statement credits, gift cards and more. This means that no matter which hotel chain you stay at, which car rental company you select or which airline you fly with – or mix and match for the best deals – adventurers of all days have the opportunity to earn up to five times more reward points for doing things they love.
• Develop a realistic budget. When planning a trip, it’s easy to focus on big expenses like plane tickets and hotel rooms. The reality is that when you add up all the little expenses, you can spend a lot more than you think. To plan a more accurate budget, be sure to consider expenses such as dining out, paying for fuel at the pump, and tickets to attractions and events. Also, don’t forget the charges that add up, like tips for housekeeping, checked bags, Wi-Fi, parking, and souvenirs.
• Find and book free and discounted attractions. Some attractions offer discounts for purchasing tickets in advance online, age-based discounts, or free admission at certain times or dates, so be sure to find out about the attractions in advance you hope to visit. If you’re a travel rewards credit card holder, start your search by reviewing your redemption options. If your card offers flexible options by booking through a specific partner site or dedicated travel platform, you may be able to redeem points or have your spend used to earn more rewards for the cost of experiences, entertainment and other expenses during your trip.