Common Benefits of Credit Cards (3)
Travel benefits
Many credit cards offer travel benefits. The most common travel benefits are free room vouchers and membership in a hotel or car rental company.
Free Room Voucher: Many co-branded hotel cards offer a free room voucher each year, which allows you to stay one night for free at a hotel belonging to the corresponding hotel group. These free room vouchers are usually worth much more than the annual fee for the hotel's co-branded card, which can be seen as very cost effective. Some co-branded hotel cards that offer coupons without a room are:
• Wordl of Hyatt Hyatt Hotel co-branded card: annual membership fee of $ 95. After paying the annual fee, you can get a Hyatt hotel room voucher worth at least $ 200.
• IHG Rewards Club Intercontinental Hotel co-branded card: annual fee is 89 USD. After paying the annual fee, you can get an InterContinental Hotel reservation voucher worth at least $ 150.
• Marriott Bonvoy Boundless Marriott hotel co-branded card: annual fee of $ 95, each year after paying the annual fee, you can get a free voucher for a Marriott / Starwood hotel room worth at least $ 200 dollars
• Starwood Preferred Guest Starwood Hotel Co-branded Card (discontinued): Annual fee of $ 95 per year. After paying the annual fee, you can get a Marriott / Starwood voucher without a hotel room, worth at least $ 200
Hotel / Car Rental Company Membership: If you are traveling to a hotel, if you have a hotel membership, you can enjoy a series of perks, such as room upgrade / double breakfast / early check-in / late check-out, etc. Membership in car rental companies offers perks like model upgrades / special discounts / fast lanes. Common credit cards that provide hotel / car rental membership are:
• Amex Platinum Card: Offers a Hilton / Marriott / Starwood Gold membership card and an Avis / Hertz / National car rental company membership
• Amex Hilton Aspire and Ascend: offers Hilton Diamond and Gold membership respectively
• Chase Sapphire Reserve: Membership of Avis / Silvercar / National car rental company
Travel insurance
There will always be surprises and surprises, big and small, during the trip. Travel insurance can significantly reduce accidental loss and make travel safer. Credit card travel insurance, whether in type or amount, varies from card to card. It is recommended that you carefully read the details of credit card benefits. If you want to purchase travel insurance by credit card, you must use a credit card to pay for the travel expenses, and family members traveling together will also benefit from travel insurance protection by credit card. Common travel insurance is:
Travel Delay Reimbursement: when public transportation is severely delayed, the cardholder can use the credit card that provides the insurance to pay for the expenses related to the delay, such as meals / travel / shopping daily necessities, etc., and get a certain amount of reimbursement.
Trip Cancellation Insurance: If the trip is canceled due to illness / bad weather or other factors, you may be compensated for travel-related expenses that have been paid for, such as airline tickets and hotels.
Baggage Delay Insurance: In case of delayed arrival of baggage, a certain amount of reimbursement for necessities can be obtained each day within a certain number of days.
Lost Luggage Reimbursement: In case of lost or damaged baggage, a certain amount of baggage compensation can be obtained.
Roadside Assistance: Roadside Assistance should not be used while traveling. Usually provide free services such as towing / starting electricity / repairing tires / replacing tires.
Travel and Emergency Assistance: If you come across unexpected situations while traveling abroad, you can get legal / medical assistance, but you usually have to pay for it.
Travel Accident Insurance: In case of accidental injury during the trip, compensation can be obtained.
Some credit cards that offer a lot of travel insurance are:
• Amex Platinum Card, Amex Gold Card
• the Chase Sapphire reserve, Chase Sapphire Preferred
• Citi Prestige
Shopping insurance
When shopping with a credit card, you can purchase purchase insurance provided by the credit card for free. Common purchase insurances are: price protection, extended warranty, purchase protection and return protection.
Price Protection: Within a certain period of time after purchase, if there is a price reduction, you can ask the bank to pay the difference. Affected by malicious use by some users, there are fewer and fewer credit cards that offer such benefits nowadays, and the intensity is constantly being reduced.
Extended Warranty: Extend a certain period of time for free on the basis of the original factory warranty. If an item breaks down during the free extended warranty period and needs to be repaired or replaced, you can get compensation from the bank.
Purchase Protection: Within a certain period of time after purchase, if it is accidentally stolen or damaged (for example, accidentally broken) and needs to be repaired or better, you can get compensation from the bank.
Return Protection: Within a certain period of time after purchase, if you want to return the goods but the merchant refuses to refund, you can return the goods to the bank for a refund.
Conclusion
There are many benefits of credit cards in the United States, and the ones mentioned in the article are just the most important. I hope I can attract other people and make everyone better understand and use the benefits of credit cards.
