Sunday, August 24, 2008

Depending On The How Often You Use Your Card These Fees Can Add Up

Category: Finance, Credit.

Thanks to the advancements in aviation you can pretty much fly to any destination of your choice anywhere in the world.



So how beneficial is it to purchase your tickets and travel using your airline credit card? To encourage you to continue flying, airline companies have introduced airline credit cards that offer various benefits. Convenience. Some credit card providers even give you the option to choose your own seats and fast track check- ins to enhance the quality of your travel experience. From the comfort of your home you can purchase your tickets and have them delivered to your front door. You do not need to worry about obtaining foreign currency or changing funds after your holiday as you would be able to use your credit card at most of the destinations you visit. If you are travelling on business, you do not need to worry about keeping every receipt for purchases made on your credit card as your card statement would provide the record of your spending which you would need to reclaim expenses.


You also have the option to withdraw cash should you need it for taxis etc. For extra security however, it is advisable to keep all transactions receipts if your companies would require you to do so. Having your credit card makes it easier to manage your funds as you would not have wads of cash in your purse or wallet. Safety. Using your credit card would eliminate the awkward, attention drawing moments when you have to sift through all the foreign money you have. Rewards. Many airline credit card providers offer services where you can register all your credit and store cards with them and in the unlikely event that your purse or wallet is stolen, just by calling one dedicated telephone number you can notify all your credit card providers of the theft and get your cards cancelled.


When you purchase your tickets or any item using your airline card you receive miles in addition to flying with your selected airline, this is quite useful if you fly frequently as over a year, you could earn substantial reward miles to redeem for your next holiday. While you are on holiday, once you have access to the internet, you can monitor and manage your account and see how much money you are spending. Account Management. You would be able to see the exchange rate at which your purchases are charged and this can result in your money stretching further if your holiday currency is of lesser value than your home currency. Depending on the how often you use your card these fees can add up. When you use your airline credit card abroad, your provider would charge you a transaction fee for each purchase or cash withdrawal. You should investigate the cost of changing foreign currency and weigh the options of saving money over safety and convenience.

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