Why Right Now is a Great Time to Get a Travel Credit Card

For many people around the world, 2021 is feeling like a repeat of 2020, especially when it comes to feeling stuck at home.
There is hope, though. COVID-19 vaccination efforts are in full swing in the U.S., and every dose administered is a step closer to normalcy.
As the country and world slowly start to reopen, you can put yourself in prime position to plan that trip that’s been over a year in the making. But, even if you don’t have any immediate travel plans, now could be the perfect time to get a new travel credit card.
Take advantage of the sign-up perks
The best travel credit cards offer unique perks for new cardholders in their first year, often in the form of bonus points. This can come in the form of a lump sum amount of points awarded when you reach a certain spend amount or other awards including unlimited matching of all points or miles earned in the first year.
As travel has flagged for over a year, many travel credit cards are offering their best-ever sign-up rewards for new customers, as well as additional benefits like easy cancellations to help make booking travel worry-free.
Starting early may give you time to earn enough miles to cover your flight, hotel, and rental car.
Rack up points now, redeem them later
With travel demand down in 2020 and early 2021, many credit card companies have upped their game by offering better perks. In addition to the high sign-up bonuses, you can earn more points on purchases in select categories—like travel and dining, or gas and groceries—and for some cards, you can earn more on every purchase you make.
If you’re stuck at home, you’re probably spending more money on groceries or takeout, not to mention the dozen streaming services that have popped up in the past year. Obviously, the more you spend on your travel credit card now, the more rewards you’ll earn toward future travel.
The point is: points. By loading up on points now, you can set yourself up for more affordable—or completely “free”—travel come late 2021 or 2022.
Play the long game
Savvy credit card users don’t look for instant gratification, which is why travel credit cards usually come so highly recommended. And, since instant travel gratification isn’t really possible at the moment, right now is the best time to capitalize on travel rewards.
You will be able to travel comfortably again in the future. It’s just a matter of when.
In the meantime, why not use your current spending to help pay for your travel in the months and years to come?
Source: iQuanti, Inc.