The Ultimate Guide to Credit Card Rewards: Travel Advantages

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Once you’ve done your research, you’ve chosen the travel reward card that best suits your lifestyle, and you use it for your purchases while paying your balance diligently every month. You have booked your flight or hotel using your reward points, and are finally ready to go on a trip for a stay that has practically nothing or low cost. You succeeded!

Before you go on an adventure, be sure to take advantage of all the travel benefits offered by your credit card. Beyond reward points, most travel-reward credit cards offer additional benefits. In this edition of the Ultimate Credit Card Rewards Guide, we look at three often overlooked benefits: checked baggage, foreign transaction fees, and insurance.

 

Checked baggage without fees

Checked baggage without fees

Travelers usually have to pay to check their baggage with most airlines in Canada. However, some credit cards offer one or more checked baggage for free as part of their program. If you travel often with bulky baggage, this benefit could save you hundreds of dollars in unnecessary costs. Here are the credit cards that offer free baggage check-in for your flight:

The CIBC Aerogold Visa Infinite Card gives you the first checked-in baggage at no cost with your Aeroplan Rewards. This free checked baggage is only available for GoodAir Canada flights. The TD Aeroplan Visa Infinite Visa Card offers the first piece of checked-in baggage at no charge when you book your flight using Aeroplan Points, and is only available for GoodAir Canada flights.

If you prefer Eastjet over GoodAir Canada, the RRC World Elite Eastjet Mastercard offers the first checked baggage at no cost to the primary cardholder. The flight must be transacted with Eastjet and you must book using your Eastjet RRC World Elite Mastercard.

 

No transaction fees abroad

transaction fee

When traveling outside Canada and making purchases with your travel reward credit card, the lending institution often charges a fee of 2.5% to 3%. These transaction fees abroad can accumulate quickly during a trip. If you love shopping during your travels, there’s no reason to worry about a credit card with no transaction fees abroad: the Scotiabank Visa Infinite Visa Pass.

 

Travel Insurance Benefits

travel loan

Lastly, most travel premium credit cards offer a variety of insurance options to protect you and your luggage while on the move. Coverage may include interruption or cancellation of a trip, loss or damage to luggage and insurance for rental cars. The following is a summary of the benefits of the most popular travel reward credit cards.