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9 Ways Your Credit Card Can Help You Travel for Dirt Cheap

9 Ways Your Credit Card Can Help You Travel for Dirt Cheap

Let me guess…

You see pictures on Instagram of exotic places. Facebook is littered with updates of your friend’s adventures abroad, and every time you close your eyes you picture yourself on a beach in the Caribbean, or exploring the cobblestone streets of France.

Yes, you want to travel. Unfortunately, however, you can’t afford it. A flight alone costs an entire month’s pay, let alone accommodation, travel insurance, and baggage.

Luckily, travel is becoming more accessible to even those of us who need to pinch pennies. Enter the travel credit card.

Now, you can travel for less (or even for free) with your credit card with these nine benefits.

1. Free Flights with Sign-Up Bonuses

If you’ve ever seen a credit card sign-up bonus that seems too good to be true, it’s probably…not.

Yes, you read that right. As more companies begin to offer credit cards (think Home Depot, WalMart) competition is becoming fierce. Consumers benefit through generous sign-up bonuses. Companies are trying to “out-bonus” each other.

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A sign-up bonus is simply a generous offer that you get upon signing up for a credit card.

For example, a card might give you $500 in cash, or enough points for a free flight. You can get a free flight, accommodations, and sometimes even an all-inclusive vacation with sign-up bonuses.

Look for cards with generous welcome bonuses and first year annual fee waivers (making it truly free) and make sure you can afford the minimum spend requirement to be eligible for the bonus (i.e. spend $500 in 3 months).

2. Free Flights with Companion Tickets

Companion tickets are another way that credit cards are competing with each other, and it makes it oh-so-good for the user.

With credit cards, it’s simple to save up enough points and use a welcome bonus to travel for free for one person, but what if you want to bring a friend?

Well, that’s where the companion ticket comes in. More credit card companies are offering companion tickets, where you book a flight and get a second ticket for super cheap (or free) on the same itinerary. How can you go wrong with that?

3. Free Hotel Stays

Easily one of the most expensive portions of travel is accommodations. Unless you’re willing to stay in run down hostels with roaches scuttling on the floor, you risk spending more on hotels than you did on your flight.

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Unless you use the right credit card, that is. Remember when I said more and more companies are beginning to offer credit cards? That includes hotels, too.

With a sign-up bonus, you can score 5 or more free nights with some hotels. If you are strategic with which cities you use your free stays in, this can cut your costs substantially.

4. Waived Foreign Transaction Fees

If you’ve ever gone on a trip with a non-travel credit card, you’ll know what I mean. It’s painful to get back from your relaxing vacation to see that you were charged hundreds of dollars in foreign transaction fees.

See, many credit cards charge a foreign transaction upwards of 2.5% over and above the exchange rate. But an increasing number of credit cards are now eliminating the fee, making it the cheapest way to spend money out of country.

If you change money at a foreign exchange counter at the airport, hotel or a tourist area, you can get charged in excess of 10% above the exchange rate. Snagging a travel card with waived foreign transaction fees is a budget-conscious move.

5. Free Travel Insurance Coverage

One cost of travel most people forget about is travel insurance. Unfortunately, travel insurance is a necessity but it’s easy to overlook when you’re budgeting for a trip.

However, with the right card you may be able to skip the travel insurance line on your budget.

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Most travel credit cards come with free travel insurance, and sometimes even trip protection insurance, as long as you book your trip with the credit card in question. Check the terms of your card for travel medical, trip cancellation, trip interruption, trip delay, lost baggage, car rental, accidental death, and even purchase protection. These travel insurances can easily be valued at over $500 per year, and will be yours for free with the right card.

Make sure to read insurance certificates to make sure you don’t fall into any “exclusions”.

6. Free Checked Bags

Did you know that hardly any airlines that offer free checked bags anymore?

It’s true, and it’s tragic. Now, you have to spend $25 or more just to bring your luggage on the flight. More people try to travel with just a carry on to avoid the cost, but you don’t want to have to resort to that.

Many airlines now are coming out with credit card rewards that include a free checked bag, saving you that potentially expensive surprise at the airport. (Make sure to find out whether it’s free for any flight or just flights you’ve redeemed points for.)

7. Free Access to Airport Lounges

Have you ever had to spend more than an hour at an airport?

If you have, you probably craved somewhere comfortable to hang your hat while you waited for your flight. That’s why airlines have introduced lounges. Lounges are usually reserved for business class tickets and frequent fliers who achieve elite tiers, and they can cost $75 per visit ($25 per guest).

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However, many travel and airline cards offer a number of guest passes to lounges – some even allow you to bring a guest for free.

8. Cash Back at the Gas Pump

If you’re more of a road tripper than an air traveler, you can still save money to travel through your credit card. You can get up to 5% cash back at the pump with multiple no fee credit cards, that either offer the promo in the first 6 months, or offer it as a rotating category.

This is great for road trips and RVs. You can find great sign-up bonuses for gas on certain credit cards, too.

9. Avoiding Expensive Security Costs

Many cities are prone to security issues – even the most desirable destinations.

For example, Barcelona is a wonderful city to visit, but there are high security issues with pick pockets and thievery. This is a surprisingly wide-spread problem across not only developing countries, but even first world countries like Spain.

A security issue is one of the most expensive things that can come up on a trip. That’s why travelling with credit cards rather than cash will save you big time.

If your credit card is stolen, you can cancel it right away and you will usually have a level of protection against unauthorized purchases. If cash is stolen, it’s lost forever.

Credit cards are sent from the travel Gods to help people save money on their trips.

And if you’re not American, don’t worry. It used to be that only Americans could benefit from travel rewards, but now Canadians have great travel credit card options, too.

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Marc Felgar

Marc Felgar is an aging, health & senior care expert focused on improving the lives of mature adults.

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Last Updated on June 26, 2020

25 Easy Tips on How to Save Money Fast

25 Easy Tips on How to Save Money Fast

“How to save money fast?” This is the question asked by all of us not in the top 1% of rich people.

If you are looking for ways to drastically reduce your expenses immediately, first look at what you need to spend money on every week. And I mean really need.

You don’t really need to order in food. You don’t really need to buy expensive perfume.

Building from that, you can work out how your regular expenses can be reduced.

As for irregular expenses, they can also be deceptively costly in the long run. Once-off buys can also be tackled with some prudent planning and a little extra research.

And remember: a budgeted lifestyle does not mean a bad or boring one!

But first, understand what budget you can cut down on daily:

  • Regular expenses for the average adult (can be trimmed but not eliminated):
    • food
    • rent/mortgage
    • cell phone
    • insurance
    • socializing/entertainment
    • transportation
    • hygiene products
    • household bills
  • Irregular expenses for the average adult (can be eliminated or cut down a lot):
    • travel
    • clothing
    • medication (*depends)
    • grooming (hair, nails etc.)
    • gifts

Now, let’s dive right into the 25 ways to save money fast:

Save Money on Food

1. Bring a stock of food to the office/work

Instead of popping out for an overpriced salad and a smoothie, leave a set of basic utensils at the office as well as a stock of non-perishable goods such as tinned fruit, tuna, rice crackers and so on (try to avoid the junk food and this can turn into a pretty great diet!).

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Stocking up means you won’t forget or say “I didn’t have the time” when you rushed out to work in the morning.

2. Buy the store-brand version

Many basic foods, such as bread and milk, will taste exactly the same as their branded alternatives. Go for stuff with minimal additives and preservatives. Meat in a tube is probably insanely unhealthy!

3. Eat cheaper cuts of meat

Learn how to tenderize and flavour cheaper meat and fish, and save on the (typically) most expensive item on your grocery bill.

4. Have group dinners

If 10 friends put $5 each in the kitty, it’s pretty easy to make a giant lasagne and get refreshments, as well as hang out with your favourite people.

Save Money in Transport

5. Get a bicycle

Save on gas money and bus/metro fares with this underrated mode of transport.

6. Use public transport and/or don’t get taxis

Some places can only be reached by car. But as a good practise, check your public transport website and see if any routes pass nearby where you need to get to. Walk as much as you can.

7. Find the cheapest gas

Regularly check out where the cheapest gas can be bought.

Save Money in General Shopping

8. Shop online

Not only will you save on the gas or transport fares from going to the shopping mall but you will also find better deals

9. Sell your old stuff

Get your unwanted belongings up on eBay ASAP and earn a few dollars.

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Here’re more ideas for you: 25 Things to Sell to Make a Lot of Money

10. Bulk buying stores

For regular non-perishable/slow perishable purchases such as toilet paper, cat food, pasta, washing powder and so on, do an epic stocking-up trip to a co-op or equivalent (my mum used to go to a place that restaurants buy from).

Be wary of supermarket “deals”, as some have been found to be fraudulent after working out a simple calculation.

11. Become a flea market/car boot sale/street market guru

You can find original gifts and develop good negotiation skills at these places.

12. Generic brand medication

More often than not, the generic version of paracetamol and other basics work the same as the branded version.

13. Choose deodorant, not perfume

It blows my mind when someone drops $70 on a bottle of spray. Stick with a nice deodorant, and not only will you smell just fine but you’ll be sweat-free as well!

Cut Down on Household Expenses

14. Printing

Ink is one of the most expensive substances in the office and coloured ink is doubly so. B

e more efficient and choose black and white, and if your printer doesn’t have a print-both-sides options, just print odd pages first, re-insert the paper and print even pages.

Expand the margins of what you are printing as often as you can to save on paper.

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15. Minimize SMS and phone calls

A combination of a free chat service such as WhatsApp and a free call service such as Skype can reduce your bill to nothing (so long as you have a decent Wifi connection).

16. Shop around for insurance

Most people don’t spend enough time searching for the best insurance deal.

Keep a watchful eye out for deals and new competitors in the market.

17. Try re-negotiating your rent/mortgage

If you have built up a good credit history or a good rapport with your landlord, then chances are a frank chat about needing to tighten your spending could result in lowering your payments. You’ve nothing to lose from trying.

18. Don’t get a TV

Invest in a computer/laptop and an internet-only package. You can watch more (and often better) entertainment on the web, and skip the advertisements as well.

19. Pool your internet bill with a neighbour

My apartment building is basically a big old house split into three apartments. There are five of us in total. We pool the internet bill, making it crazy cheap.

Save Money in Socializing, Entertainment And Travel

20. Have house parties

Instead of paying for overpriced drinks, set up a series of in-house get-togethers with your friends. Everyone takes a turn, so it’s not always your house that needs cleaning.

For sound insulation, hang heavy drapes on the walls and windows. For music, invest in a good second-hand set of speakers which you can connect to your computer. Let Spotify or Grooveshark playlists do the rest.

21. Open festivals, meetups and events

It never fails to surprise me how much underground stuff goes on around me for free or for very cheap. Find out who runs the blogs and websites that list all the less well-known cultural activities.

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22. Volunteer

If you can’t pay for a ticket, volunteer and get to be there anyway.

23. Housesit

There are multiple housesitting websites offering you the possibility to avoid paying hotels and skip the discomfort of crummy hostels.

Save Money on Hygiene and Beauty

24. DIY beauty

French manicures, pedicures, waxing, eyebrows… pretty much all of these can be achieved at home (and done well) with some practise. There are plenty excellent blogs and YouTube tutorials to help.

25. Fewer haircuts/volunteer at a trainee hairdresser

If you can’t bear the risk of a trainee touching your locks, learn more ways to manipulate your hair as it grows and get haircuts sparingly. Women’s haircuts are outrageously priced in many cities.

Bonus: Effective Money-Saving Tips for Everything

Here’s a summary of what you can generally do to save more money:

  • Share/pool resources. Organize a neighbourhood sharing scheme, common resources for your apartment block or with your friends. Not everybody needs an individual lawnmower.
  • Buy energy-saving everything. The easiest way to lower your bills – replace those lightbulbs!
  • Buy in bulk. Be sensible about it (i.e. make sure you have space!), and drastically reduce weekly expenditure.
  • DIY. Skill up using YouTube tutorials on plumbing and many other essential services so you never have to pay for simple problems again.
  • Research a lot before making a decision. Most money-wasting is the result of poor preparation and planning. Don’t shirk this part just because you don’t like it!
  • Use your network. Your network is full of resources that can ease the pain of budgeting. Ask for help.
  • Stop and think. Do I really need it?

Unfortunately, there are some things that require plain ol’ giving up for the time being. This can include high-cost sports such as skiing, the latest versions of some technologies, the finest brands of food/drinks, premier seats at the opera and most other indulgences.

What is important to remember during lean times is that when you look back on your life, it will be the experiences that stand out, not the extra comforts.

Living on a budget can teach you a lot about how much you can really get out of your paycheck. We only live one life, so make the most of every penny you earn!

More Tips for Personal Finance Management

Featured photo credit: Unsplash via unsplash.com

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