Travel cards are your best buddy no matter where you’re going, whether it’s to a far-flung tropical island or a gorgeous American city. If you utilize your travel card wisely, it might make your trip easier and less stressful. Using cash is a recommendation by some financial gurus. They claim that the concept of prudent travel card use is a myth. To avoid overspending since you’re using plastic and always paying interest on your travel cards, you should stick to a budget and not overspend.
Miles can now be earned by utilizing credit card services from several institutions. However, what distinguishes Standard Chartered from the rest? With the Standard Chartered Cathay Mastercard, you can take advantage of the best Mile deals. If you’re planning a trip and need a travel card, Cathay Mastercard is the best option.
Reasons to Use a Travel Card When Booking Travel
Additionally, if you utilize your Cathay mastercards wisely, you may even come out ahead financially. Using a Standard Chartered Cathay Mastercard instead of cash to pay for goods and services or book flights and hotel accommodations provides many advantages for responsible cardholders.
#1 Convenience
Paying in cash necessitates that you keep a sufficient amount of money on hand at all times. In most cases, this entails constantly checking your bank account balance or going back and forth to the bank to replenish your funds. Contrary to popular belief, using a travel card is more convenient and saves you time. Using a credit or debit card to pay for things is commonplace in today’s cashless society.
#2 No Interest
Travel credit cards don’t charge interest for up to a year or more. A modest price is required, but it’s worth it. Please visit the Cathay Pacific website if you’d like to learn more about the Cathay Mastercard.
#3 Fake-out Prevention
Mastercards are more secure than debit cards in most cases. You may have to give extra paperwork to establish that you did not make the unlawful payment on your debit card. To put it another way, utilizing your Cathay MasterCard to book travel provides an additional layer of protection. Credit and Master Card Companies are usually aware of fraudulent charges on your credit or Master Card even before you are aware of them.
#4 Travel Rewards
It is possible to earn points or miles by using a travel card to buy flights and hotels. When a credit card offers a sign-up bonus, your accumulated points can rapidly add up to a free trip. Cathay MasterCard offers three types of Cathay Pacific award flights if you use the card. There are Standard Awards, Choice Awards, and Tailored Awards for mixed cabin redemption. If you discriminate between the Standard Awards and the other Awards, you can fly on partner flights not available on other carriers.
#5 Organize Your Credit File
A strong credit rating can be built on a solid foundation for responsible travel cards. Credit building can be achieved by using a vacation card to book flights. You also know that the better your credit rating is, the easier it will be for you to borrow money from your bank in the future.
#6 Insurance for a Trip
Travel insurance is one of the main reasons to use a travel card to book travel, as many travel cards offer additional travel perks. You can get free travel insurance or rental car insurance if you use a travel card to book travel online. Suppose you need to cancel your vacation because of a significant illness or injury. In that case, the death of a close family member or inclement weather in your intended destination, most major credit cards offers trip cancellation insurance. However, before you use a specific travel card to book flights and hotels, make sure to check with your supplier if such insurance is offered.
#7 Streamlining Your Finances
When paying with cash, it’s easy to lose sight of what you’ve bought and how much you’ve spent. You can keep track of your travel spending with the help of online card statements. They’re also reliable because some credit card companies preserve these records for an extended period of time.
#8 Traveling in Safety
Loss or theft of cash is a problem that many tourists have had to deal with at some point. If your money is stolen or misplaced, it’s unlikely that you’ll ever get it back. Your liability is limited to $50 if your travel card is stolen or misplaced. You may not be held liable for unlawful purchases if you have a travel card with zero liability. However, in this situation, you must notify your financial institution as soon as you become aware of a lost or stolen card.
#9 Additional Travel Advantages
With a travel card, you get additional luggage loss insurance. It is almost always an unavoidable component of a journey that can create a great deal of worry and frustration when luggage is lost, delayed, or destroyed. Baggage insurance can be pricey, and there may be additional charges not disclosed at first glance. On the other hand, some travel cards offer free or additional luggage loss and damage coverage when you use a card to purchase tickets or book hotels. As an additional incentive, some credit cards offer additional travel benefits, such as monitoring aid for lost luggage and no baggage fees, emergency translation services; medical emergency transportation support; and free admission to airport lounges. Priority Pass, a network of airport lounges, is included in many credit cards, making long foreign flights considerably more pleasant.
#10 Enhanced Foreign Exchange Markets
Travel cards offer better rates than local banks or money changers when exchanging money. Travelcard purchases made in the local currency while abroad will be immediately changed into your home country’s currency. Some travel cards feature lower or no foreign transaction fees, so check the terms and conditions of your card to see if these benefits are available to you while making purchases abroad. Standard Chartered’s partnership with Cathay Pacific has unquestionably improved the travel experience. Make the most out of your Standard Chartered Mastercard by flying more and getting more perks!