(8) Minimum Spending Requirements
It is one of the cost-effective benefits or perks of best travel reward credit cards. You are entitled for great bonuses of reward cards only when fulfilling minimum spending requirements of the card provider.
However, if minimum spending requirements is too high for a card holder then it makes no sense to own such a card. You should select the card with either reasonable or no minimum spending requirements.
[Read Also: 20 Great Ways To Make Money While Traveling Abroad]
(9) Insurance Coverage
It is one of the amazing advantages or perks of best travel reward credit cards. Some of the reward cards provide its card holders the facility of trip cancellation insurance, or covering the cost of lost or delayed baggage, or additional rental car insurance for collision & theft protection, etc.
These advantages are provided with certain restrictions as per their terms & conditions. The best reward card will be the one with minimal restrictions or favorable terms & conditions for card holder.
(10) No Expiring of Travel Points
It is another cost-effective benefits or perks of travel reward credit cards. You need to spend & work hard to accumulate your travel rewards. But if your card rewards have some expiry date or restriction on redemption then it makes no sense of accumulating travel points.
You should select those reward cards that have no expiry date for your travel points or that allow transferring of travel points to frequent-flyer partners.
Image Source: Shutterstock