All You Need to Know About Travel Credit Cards

Posted on Monday, April 15th, 2024 | By IndusInd Bank

Travel credit cards offer loads of benefits for Indian users, both at home and abroad, making them an indispensable tool for savvy travellers. These cards come packed with perks designed to enhance your travel experience and save you money along the way. IndusInd Bank offers some of the best travel credit cards in India as we’ll see further in the article.

What are the Top 5 Benefits of a Travel Credit Card? Find Out Below:

1. Rewards and Points: Earn points whenever you spend and redeem these in exchange for flight offers and hotel stays
   
2. Airport Lounge Access: Relax in airport lounges with complimentary access
   
3.  Reduced/ No Foreign Transaction Fees: Avoid extra charges when using your card abroad
   
4. Travel Insurance Coverage: Benefit from travel insurance, including coverage for trip cancellations, lost luggage, and emergency medical expenses.
   
5. Exclusive Travel Perks: Access special privileges such as priority boarding, free checked bags, flight seat upgrades, and hotel room upgrades.

Also Read: What are Credit Card EMIs & How They Work

Top Four Ways to Find the Right Travel Credit Card:

1. Assess Your Travel Habits: Consider your travel frequency, destinations, and preferences to determine which card benefits align best with your needs.

2. Compare Features and Fees: Compare the features, annual fees, interest rates, and additional perks offered by different travel credit cards.

3. Read Reviews and Research: Take the time to read reviews from other users and research online to better understand the worth of various travel credit cards.

4. Check Acceptance and Accessibility: Ensure the card is widely accepted at your preferred travel destinations and offers e-banking and customer support for ease of use.Dos and Don’ts of Travel Credit Cards:

Dos:

• Do Pay Your Balance in Full: Avoid accruing high-interest charges by paying off your balance in full and on time each month.
  
• Do Maximize Your Rewards: Take advantage of rewards and benefits offered by your card, such as miles, points, and discounts, to maximize savings on your travel expenses.
  
• Do Monitor Your Account: Regularly review your statements and transactions to detect any unauthorized or fraudulent activity promptly.

Don’ts:

• Don’t Overspend: Avoid overspending beyond your means just to earn rewards, as it can lead to debt accumulation and financial stress.
  
• Don’t Ignore Fees and Charges: Be mindful of annual charges, forex markups, and other fees associated with your card to prevent unexpected expenses.
  
• Don’t Forget to Redeem Rewards: Don’t let your rewards go to waste by forgetting to redeem them before they expire. Keep track of your rewards and use them wisely to enjoy their full benefits.

Also Read: How To Use Indusind Bank Credit Cards To Maximize Travel Savings?

How to Apply for a Credit Card Online in India:

1. Choose a Card
2. Visit the Issuer’s Website
3. Fill Out the Application Form
4. Upload Required Documents
5. Submit the Application

Top Five Credit Card Eligibility Factors in India:

Income Level: Banks often require a minimum income level

Credit Score: A good credit score makes a credit card more achievable

Employment Status: Stable employment is looked for

Age: Generally, applicants are required to be 21 years old or above

Residency Status: Applicants must be Indian residents

Documentation Requirements to Apply for a Credit Card Online in India:

·         Proof of Identity: Aadhaar card, passport, driving license, or any other valid government-issued photo ID.

·         Proof of Address: Documents that verify your residential address, such as utility bills, bank statements, or rental agreements.

·         Income Proof: Documents such as salary slips, income tax returns, or bank statements that validate your income level.

·        Additional Documents: Such as PAN card, Form 16, or employment proof.

On the other hand, new age banks like IndusInd Bank offer complete digital application process with no physical documentation.

Travel credit cards offer unmatched benefits like lounge access, rewards on spending, and travel insurance. Start your adventure today! Explore our best travel credit card –  IndusInd Bank Avios Visa Infinite Credit Card here.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.