Hotel rewards have been a favorite for travelers for years now. Collecting and redeeming hotel rewards is as fine way to save money on travel expenses and with so many co-branded offers, it’s not hard to do.
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It might have taken few years for consumers to truly appreciate hotel rewards, but once they did, these rewards programs quickly became popular choices for those who travel. There’s a lot that goes into determining the best of the best, but our editors have a fine hotel rewards credit card offer for your consideration.
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Here’s the hard truth when it comes to rewards programs: The currency associated with these programs, whether they’re miles or points or even actual cash, now have far more value than all the U.S. paper bills in the world. That’s quite the powerful statement, but it’s indicative of what our society values. And did you know the first rewards card was offered by Discover in 1985? So popular and valuable are these credit card offers that they’re often part of divorce settlements. We’re quite sure that while divorcing couples are battling over who keeps the rewards programs, they’re also likely arguing over who keeps the credit card debt. At any rate, these remain competitive dynamics in the credit card sector.
Tips for Choosing Hotel Rewards Cards
In recent years, we’ve seen many co-branded credit card offers that include some of the most visible and respected hotel chains in the world. These co-branded efforts are extremely popular and are used by those who travel for business, those who have family members scattered around the nation or around the world and families that are looking to cut expenses associated with their family vacations. These credit card offers meet all of those needs. Initially, those in the financial sector were unsure about whether consumers would actually want rewards in the form of discounted or free hotel stays; turns out, it’s exactly what millions were looking for.
It’s important to pay attention to the whole picture and not focus on how many points you earn with your qualifying purchases. Interest rates, fee structures and points expiration dates are big considerations and ones consumers shouldn’t underestimate.
Also, you want to choose the credit card that has partnered with hotels you would normally use. If you’re not interested in staying at at $600 per night hotel room for several nights to earn just one free overnight stay, then clearly, this is a program you’re probably never going to use. If, however, your family vacations every year and chooses the same hotel chain, then selecting a credit card offer that’s partnered with that particular chain has a greater potential of saving your family money.
Each hotel rewards card is different. Compare the dollar to point ratio. Make sure it makes sense.
The Flip Side of Hotel Rewards Cards
It’s absolutely imperative that you review not only the terms and conditions associated with any co-branded offer, but you should also familiarize yourself with hotel policies. For instance, do you travel with your pet? Be sure that hotel allows pets. Ask yourself if you can book reservations online or is there a convoluted process that requires everything short of your first born as you’re attempting to redeem your rewards points? If it’s too complicated, you automatically are less prone to use those rewards.
These credit card offers don’t usually come with a “no annual fee” feature, so prepare yourself for that fee each year. Check both the hotel chain’s and the credit card company’s customer satisfaction records. See any alarming patterns? Rethink your choice.
With just a bit of forethought, you’re in a better position to determine which of the many hotel rewards credit card offers are right for you. Don’t underestimate a combination of great features just because you’ve spotted a credit card offer with a better ratio. Think ahead and determine where the real value lies and where you’ll make the most of what that credit card offers. It’s up to each of us to make those determinations based on all the facts and that’s only done through your own research.
Have you had any personal experience with Hotel Rewards Credit Card?