I use travel prep as an opportunity to do some minor upgrades in my life. I just ordered a new phone. (My current one cracked on my first day in Dublin and I haven’t replaced it for the past eight months.) And I typically get a new credit card too. Prepaying for transit and accommodation for my trip allows me to easily reach the minimum spend to get sign-up bonuses.
For this upcoming trip, my new credit card is Capital One Quicksilver.
I signed up for my first Capital One card on my trip to the British Isles. That was a Savor card, and I really enjoyed the sign-up bonus, free currency conversion, and cashback, among other benefits. But that one was Mastercard, which isn’t quite as widely accepted as Visa. It also had an annual fee.
That’s why I was excited that Capital One Quicksilver (which is a Visa card) had no annual fee and 1.5% cash back for every purchase, plus a signup bonus after you spend $500. It also has the benefits you can find in every Capital One card, like not freezing your card just because you’re in a different country. My experience has been that Capital One is very traveler-friendly.
I’m not as deep into the rabbit hole as many credit card-hacking travelers, but I do take advantage of the perks when I can. Unlike others, I typically prefer cards that have cashback bonuses instead of airline miles or hotel points. With cashback, you know exactly what you’re getting. With “miles” or “points”, the values of these pseudo-currencies can change on a whim. Plus, with cashback, I can use my reward to pay for whatever I want. I can use cashback for bus trips, meals, gear, or even paying my bills when I’m back at home. This allows greater freedom than being tied to a certain airline or hotel chain.
I try to get more than 1% cash back on every purchase I make. That’s why I like how Quicksilver gives 1.5% cash back across the board. While making purchases for this trip, I’ve been using the Swagbucks shopping portal for their partners at online stores like Tracfone and Hotels.com. Then I get a percentage of cash back from Swagbucks in addition to the cashback offered by the credit card company. It’s like getting a 3-10% discount without having to clip coupons or scour sales!
Nowadays, it’s so easy to sign up for new credit cards. I remember when I had to go to my bank every time I was interested in changing my spending medium. Just go to the website and sign up! This is a big advantage when you want to use a bank that doesn’t have a physical location near you. I’ve done all my Capital One banking exclusively online, which makes it simple to keep tabs on how much I’m spending. And by monitoring my spending and saving, I can redirect funds to things that are more important to me (like trips).
It only took me a couple minutes to apply for Capital One Quicksilver online. The hardest part was deciding which credit card I wanted to get next, but I guess I already did that legwork for you!
Making Your Credit Card Work for You (and not the other way around)
As our society becomes more and more cashless, I’m assuming most people reading this already have at least one credit card. And it’s obvious that I’m encouraging you to sign up for another one. (You should always travel with at least two credit cards in case one gets lost, stolen, or frozen.) I think credit cards have a lot of benefits that paper money doesn’t, like theft protection, spending reports, and, of course, cashback and bonuses.
However, I don’t think EVERYONE should get a credit card. If you’re in debt or struggle to pay on time or in full, then, by all means, get rid of your credit cards! Cashback and bonuses are only useful if you’re not paying late fees and interest. If you’re not in a place where you can be smart with a credit card, go all Dave Ramsey and focus on managing your money in more physical ways.
If you have a track record of being responsible with money and paying bills on time but don’t yet have a credit card, this might be a good time to consider building your way to an excellent credit score. Apply for a credit card and you can literally fund your next trip or any big monetary goals you have!
Do you use a credit card to help you travel? What do you think are the biggest advantages/disadvantages?
Disclosure: This is not a paid ad. I do get a signup bonus for the first five people to use this link and qualify for Quicksilver card, but no other compensation has been or will be made. I just get excited about credit card benefits that travelers can take advantage of!