Stellar Snippets
Using a credit card to pay for summer travel can be a good idea if you are able to pay off the balance in full and on time.
However, before you do, read these factors to understand the option better and make an informed decision.
Sign-up bonuses: Some credit cards offer sign-up bonuses that can be used to pay for travel expenses.
However, it's important to make sure you can meet the spend requirement without overspending and getting into debt.
Travel credit cards: There are credit cards specifically designed for travel that reduce trip costs and make it more enjoyable.
These cards offer perks and benefits such as rewards points, cashback, and discounts on travel expenses.
Paying off the balance: It's important to pay off the balance in full and on time to avoid interest charges and fees.
Credit score: Using a credit card responsibly can improve your score. Missed payments or a high balance can hurt it.
Fees: Some credit cards may charge fees for foreign transactions or balance transfers. Read the T&C carefully.