How Your Credit Card Can Save You Money While Travelling

ringgitplus.com
4 min read
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Heading off on vacation soon? Follow these tips to save as much as possible with the help of your credit card!
There are many reasons to use a credit card while you travel – convenience, security features, and purchase protection come to mind, but that's not all! Your card can also help you spend less and save more while you set off on your next adventure. Here are eleven ways a credit card can help whittle your travel costs:

1. Get Better Exchange Rates

Your credit card often offers more competitive exchange rates than that of money changers even after considering foreign transaction fees.

Lower rates can significantly save you a chunk of cash when you shop, dine, and pay for accommodation in the destination currency.

2. Redeem Reward Points For Flight Tickets And Hotel Stays

Most credit card reward systems allow you to earn points for everyday spending, which can later be converted for flight tickets and hotel stays. For example, swiping with a Maybank World MasterCard for anything from dining to shopping will earn you TreatsAirmiles, which can be used to redeem complimentary flights and discounts on flight tickets. Check also if you can use your reward points for in-flight shopping or extra baggage fees.

Some credit cards offer extra reward points when you swipe for overseas purchases, sometimes double or more!

3. Major Discounts At Participating Merchants

Take advantage of the airline, hotel, recreational and retail co-brand cards for substantial discounts on your travel expenses. With CIMB Enrich World MasterCard, cardholders enjoy major flight deals from Malaysia Airlines as well as bonus Enrich Miles – which can be converted for free or discounted flight tickets.

Be sure to check with your credit card provider for the latest promotions, especially the ones that apply to your travel destination. You can also bookmark our travel promotions page to stay in the loop for the best travel discounts and offers.

4. Complimentary Travel Insurance

This is probably one of the biggest benefits having a travel credit card. Most cards will cover you for a host of travel…
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