In today’s fast-paced world, credit cards have become an indispensable tool for managing finances and enjoying various perks and benefits. While many are familiar with cashback rewards and points systems, there are numerous lesser-known credit card perks that can significantly enhance your financial well-being and travel experiences.
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From trip cancellation insurance to extended warranties and cellphone protection, credit card perks can provide peace of mind and save you money in unexpected situations.
Trip Cancellation/Interruption Insurance
One of the most valuable but often overlooked credit card perks is trip cancellation and interruption insurance. This benefit provides coverage for prepaid, non-refundable travel expenses in the event that your trip is canceled or delayed due to unforeseen circumstances.
Whether it’s inclement weather, a sudden illness, or a family emergency, trip cancellation insurance can reimburse you for eligible expenses such as flights, hotels, and tours.
Recommended Credit Cards:
- Chase Sapphire Preferred® Card
- The Platinum Card® from American Express
- Ink Business Preferred® Credit Card
Luggage Protection
Lost or delayed luggage can quickly turn a dream vacation into a nightmare. Fortunately, many travel credit cards offer luggage protection benefits that cover the cost of replacing essential items if your luggage is lost or delayed by the carrier.
This perk provides peace of mind knowing that you’ll be reimbursed for necessary purchases like clothing and toiletries in the event of a luggage mishap.
Recommended Credit Cards:
- Chase Sapphire Reserve®
- Capital One Venture X Rewards Credit Card
- Bank of America® Travel Rewards credit card (Visa Signature)
Priority Boarding and Free Checked Bags
For frequent flyers, priority boarding and free checked bags can make a significant difference in travel comfort and savings. With select airline credit cards, cardholders can enjoy priority boarding privileges and waive fees for checked bags, allowing for a smoother and more cost-effective travel experience.
Recommended Credit Cards:
- Delta SkyMiles® Platinum American Express Card
- Citi® / AAdvantage® Platinum Select® World Elite Mastercard®*
Airport Lounge Access
Airport lounges offer a haven of comfort and relaxation amidst the hustle and bustle of busy terminals. While lounge memberships can be costly, many premium travel credit cards provide complimentary access to airport lounges worldwide. From complimentary snacks and beverages to Wi-Fi access and comfortable seating, airport lounge access can elevate your pre-flight experience.
Recommended Credit Cards:
- Chase Sapphire Reserve
- Capital One Venture X Rewards Credit Card
- The Platinum Card from American Express
Auto Rental Collision Damage Waiver
Renting a car is a convenient way to explore new destinations, but it also comes with the risk of accidents and damage. With an auto rental collision damage waiver, you can decline the rental company’s insurance knowing that you’re covered in case of collision damage or theft when you use your eligible credit card to pay for the rental.
Recommended Credit Cards:
- Chase Sapphire Preferred
- Ink Business Preferred Credit Card
- Capital One Venture X Rewards Credit Card
Purchase Protection
Online shopping offers unparalleled convenience, but it also comes with the risk of damaged or stolen goods. Purchase protection benefits offered by credit cards can provide reimbursement for eligible purchases that are damaged or stolen within a specified period after the purchase date, offering added peace of mind to online shoppers.
Recommended Credit Cards:
- Chase Freedom Flex℠*
- Chase Freedom Unlimited®*
- Blue Cash Preferred® Card from American Express
Extended Warranties
When making significant purchases like electronics or appliances, an extended warranty can provide additional coverage beyond the manufacturer’s warranty. Many credit cards offer extended warranty benefits that extend the original warranty period, providing cardholders with added protection and peace of mind for their purchases.
Recommended Credit Cards:
- American Express® Gold Card
- Chase Freedom Unlimited
Cellphone Protection
In today’s digital age, smartphones have become essential tools for communication and connectivity. Cellphone protection benefits offered by select credit cards provide coverage for eligible cellphones in the event of theft or damage, offering financial reimbursement for repair or replacement costs.
Recommended Credit Cards:
- Ink Business Preferred Credit Card
- Wells Fargo Active Cash® Card
- Chase Freedom Flex
Conclusion
Credit cards offer far more than just a convenient payment method—they come with a wide range of perks and benefits that can enhance your financial well-being and travel experiences.
From trip cancellation insurance to extended warranties and cellphone protection, these under-the-radar credit card perks can provide invaluable peace of mind and savings in various situations.
By choosing the right credit card that aligns with your spending habits and lifestyle, you can unlock a world of benefits and rewards that go beyond just earning points or cashback.
