Posts Tagged ‘saving money on travel’

2018’s Best & Worst Frequent Flyer Programs – WalletHub Study

January 18, 2018
AZ-Flagstaff_100315_04e2(c) Karen Rubin

WalletHub released its report on 2018’s Best Frequent Flyer Programs, which ranks the 10 largest domestic airlines © Karen Rubin/goingplacesfarandnear.com

With U.S. airlines expected to carry more than 600 million passengers on domestic flights this year and credit card debt levels exploding, you can expect airfare savings to be increasingly important in the months ahead.

To help travelers make the best decisions for their wallets, the personal-finance website WalletHub today released its report on 2018’s Best Frequent Flyer Programs, which ranks the 10 largest domestic airlines based on 23 key metrics, ranging from the value of a point/mile to blackout dates for rewards flights.

WalletHub’s report also features a custom calculator that allows users to personalize the results based on their own budgets.

Here are a few highlights:

  • Delta SkyMiles is the best frequent flyer program for the third straight year.
  • The average airline rewards program gives frequent flyers 12% off their airline spending. And they’re all free to join.
  • Hawaiian Airlines offers the most rewards value to frequent flyers ($19.95 per $100 spent), with Alaska Airlines coming in a close second ($19.87 per $100 spent).
  • Four of the 10 largest airlines are offering more rewards in 2018 than in 2017, sweetening the pot by an average of 20%.
  • Delta Air Lines and JetBlue Airways are the only two major airlines whose miles do not expire because of inactivity.
  • The Frontier Airlines Credit Card and the Lufthansa Credit Card are 2018’s best airline credit cards, according to WalletHub’s editors.

For the full report, including the custom calculator, visit:
https://wallethub.com/edu/best-frequent-flyer-program/25943/

 

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2016 Travel Credit Card Studies: Save $625 Domestically Plus 11% Traveling Abroad

May 21, 2016
Athens, Greece

Athens, Greece. Travelers can save $625 domestically plus 11% when they travel internationally by shrewd use of credit cards and currency exchange © 2016 Karen Rubin/news-photos-features.com

Up to $625 in travel rewards await the roughly 75% of Americans planning a summer getaway via one of 2016’s Best Credit Cards for Summer Travel, while the 20% of people headed abroad can save an additional 11% by taking advantage of the favorable exchange rates offered by a no-foreign-fee credit card or debit card, according to a pair of studies released by the personal-finance websites WalletHub and CardHub.

Highlights from both reports can be found below.

  • Best Currency-Exchange Option: Using a no-foreign-transaction-fee credit card or a no-foreign-fee debit card is the least expensive way to convert currency, saving international travelers 10.84% relative to Travelex, 6.41% compared to banks and credit unions.
  • Best All-Around: Barclaycard Arrival Plus: 40,000 bonus miles = $400 in travel rewards; 2.1% back on all purchases when you redeem for travel; $89 annual fee ($0 the first year).
  • Best Initial Bonus: Chase Sapphire Preferred Card: 50,00 bonus miles = up to $625 in travel; $95 annual fee ($0 the first year).
  • Best Airline Rewards: Frontier Airlines World MasterCard: 40,000 bonus miles = 2 free round-trip domestic flights; 2 miles per $1 spent on FlyFrontier.com; $69 annual fee.
  • Best Hotel Rewards: Club Carlson Premier Rewards: 85,000 bonus points + 40,000-point anniversary bonus = up to 13 free nights; 10 points per $1 spent at Carlson properties; $75 annual fee.
  • Best Road-Trip Rewards: PenFed Platinum Rewards Credit Card: 5 points per $1 on gas at any station; 3 points per $1 on groceries; potential $15 membership fee.

For the complete list of 2016’s Best Credit Cards For Summer Travel, please visit:
http://www.cardhub.com/best-travel-credit-cards/

To learn more about international currency-conversion costs, see:
https://wallethub.com/edu/currency-exchange-study/21567/

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