Travelling to other countries can be an exciting experience, but it can also be quite expensive. There are costs associated with flights, lodging, meals, and activities that can add up quickly. A great way to mitigate and minimise these expenses is to use credit cards designed for use abroad. While there are a number of different benefits a credit card can provide which can enhance your travel experience and save you money, in this blog we are going to look at how credit cards can be your best friend when taking a trip abroad, especially when it comes to saving money with foreign transaction fee waivers and for earning travel rewards.
Waiving Foreign Transaction Fees
The biggest benefit that comes from using a credit card when travelling internationally is the ability to potentially waive foreign transaction fees. Many credit cards will charge a 1 to 3% fee on transactions made in a foreign currency, but there are credit cards designed for travel that will waive those fees so you can save money on every transaction.
Using Travel Rewards and Cashback
Several credit cards include rewards programs, where you can accumulate points or cashback based on your purchases. This allows you to redeem your rewards to save on other travel expenses like flights, hotel accommodations, or vehicle rentals effectively decreasing your travel costs.
The Kiwi Credit Card takes it one step further, offering you an additional way to earn upto 5% cashback on UPI-based payments. This cashback is highly useful for travellers paying with UPI as it allows you to save money on regular expenses in real-time.
Lounge Access
When traveling internationally, layovers and delays are inevitable. In times like these, airport lounges can be a great option for you to leisurely spend time and grab food and drinks (free!) as well as recharge for your next flight. Some premium credit cards offer complimentary lounge access to their customers.
Kiwi offers complimentary airport lounge access in addition to the previously mentioned benefits, allowing you, as a traveller, to reap the benefits of lounges complimentary! Lounge access can be even more beneficial for long journeys abroad where you can escape the hustle and bustle of the airport and focus on relaxing during long layovers.
Increased Security Features
The reality of travelling abroad includes potential security risks, one of which is losing or having your credit card stolen. To mitigate these risks, modern credit cards often include many security features to help protect your financial information so you can enjoy your travels without stressing about security risks.
The Kiwi Credit Card has enhanced security features such as tokenization and two-factor authentication to keep your transactions safe. This will keep your financial information safe, even while you’re making payments in weakly familiar surroundings.
Benefits of using a UPI enabled credit card
Unified Payments Interface (UPI) is India’s fast, secure, and easy way to digitally transfer money. A credit card such as the Kiwi Credit Card will seamlessly integrate with UPI in a few seconds to facilitate credit payment through the UPI platforms.
This is especially useful for the traveller who may see some benefits in making great transactions through UPI. The UPI-enabled credit card is also an extremely uncomplicated way to track and manage your spending. You do not have to carry multiple currencies as you will get your current exchange rate.
When you incorporate an international travel credit card into your basket of finances, you will find that your experience is markedly better. International travel credit cards typically have benefits like waivers of foreign transaction fees, travel rewards, complimentary lounges, security features, and superior integration of UPI payments which will save you money and make your journey more enjoyable.
The Kiwi Credit Card is one of the travel credit cards and offers travellers a virtual credit card that gives them the best of credit cards and UPI payments. Whether you are going on a short vacation or a long international trip, picking an international travel credit card will significantly change the way you handle your travel expenses, and help you get maximum benefits from your spending.
