If you have good or excellent credit, which generally means a credit score of at least 660, it could be your ticket to a free (or heavily subsidized) trip a few months down the road. You just have to play your cards right – literally.
Credit card sign-up bonuses are more lucrative than they’ve ever been, offering an $101.48 in cash or 15,664 points/miles, according to WalletHub’s latest Credit Card Landscape Report. And that doesn’t even scratch the surface of what the market’s elite have to offer. The best credit card deals will give you at least $400 in points, miles or cash for spending a few thousand dollars within a few months of account opening.
With the average person expected to spend $936 during this year’s holiday shopping season, according to the National Retail Federation, this is the easiest time of year to meet a credit card’s initial spending requirement. So if you want to take a spring or summer trip on a credit card company’s dime, get cracking. To get you started, let’s take a closer look at some of WalletHub’s editors’ picks for the best travel credit cards on the market right now.
At the end of the day, it’s also worth noting the folly inherent in going overboard with plastic during the holiday season. Overspending is popular this time of year, which is why we racked up roughly $52 billion in credit card debt during the fourth quarter of last year. There are few ways to throw away rewards faster than to pay interest on a credit card balance. So make a budget that allows room for something to look forward to in the warmer months. Enjoy!