{"id":2806,"date":"2019-10-01T08:50:41","date_gmt":"2019-10-01T15:50:41","guid":{"rendered":"http:\/\/springwaterwealth.com\/?p=2806"},"modified":"2019-10-01T08:50:41","modified_gmt":"2019-10-01T15:50:41","slug":"traveling-on-credit","status":"publish","type":"post","link":"https:\/\/springwaterwealth.com\/traveling-on-credit\/","title":{"rendered":"Traveling on Credit"},"content":{"rendered":"\n[et_pb_section][et_pb_row][et_pb_column type=&#8221;4_4&#8243;][et_pb_text]Over the many years that we\u2019ve been building financial plans for our clients, we\u2019ve noticed that travel is a very common goal in retirement. And it makes sense \u2013 after decades of work with limited time off, you finally have the opportunity to visit places and do things you&#8217;d planned to.\n\nDepending on how old you are, you may remember that if you were planning a trip abroad, you converted US dollars to foreign currency, or bought traveler\u2019s checks. Today, most everyone pays by credit card.\n\nThere are literally thousands of different credit cards available today, and so it\u2019s no surprise that the cost and benefits can vary significantly between them. A primary differentiator is \u201cannual fee\u201d versus \u201cno fee\u201d cards. However, within each of these categories there can still be significant differences.\n\nWe\u2019ve highlighted below examples of the two types of cards, which you can compare with the cost and features of your current card(s):\n\n<strong>Annual Fee Card:<\/strong>\nSome of the best credit cards for travel have an annual fee, but come with perks that can more than offset that annual cost. One example is the Chase Sapphire Reserve card, which has an annual fee of $450. This card offers:\n<ul>\n \t<li>A $300 annual travel credit<\/li>\n \t<li>Priority Pass Lounge access (access to over 1,200 lounges \u2013 and many restaurants \u2013 at airports around the globe), with guest access included at some locations<\/li>\n \t<li>A credit for Global Entry or TSA Precheck is included<\/li>\n \t<li>For personal travel, rental car insurance is primary rather than secondary<\/li>\n \t<li>Up to $10,000 in coverage of non-refundable expenses in the event of an emergency trip cancellation or delay<\/li>\n \t<li>Triple points on travel spending, which may be used for partner airline or hotel loyalty programs<\/li>\n \t<li>No foreign transaction fees<\/li>\n<\/ul>\n<strong>No Annual Fee Card:<\/strong>\nThe Capital One Venture Rewards card has no annual fee for the first year, and $95 per year thereafter. Other features and benefits include:\n<ul>\n \t<li>A $100 statement credit for TSA Precheck<\/li>\n \t<li>Online travel purchases at the website hotels.com\/venture earn 10x points<\/li>\n \t<li>Insurance coverage for rental cars is secondary<\/li>\n \t<li>Extended warranty protection is available on some purchases with warranties of three years or less<\/li>\n \t<li>Points exchanged with partner hotels and airlines can exceed their statement credit value<\/li>\n \t<li>No foreign transaction fees<\/li>\n<\/ul>\nBecause credit card terms and conditions change, you should periodically verify the terms of the card you\u2019re using, or plan to switch to.\n\nAnd you should always notify the card issuer if you plan to travel outside your home area and use the card.\n\n<strong>PLEASE SEE<\/strong>&nbsp;important disclosure information at&nbsp;<a href=\"http:\/\/springwaterwealth.com\/blog-disclosure\/\">www.springwaterwealth.com\/blog-disclosure\/<\/a>.[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p><div class=\"et_pb_section et_pb_section_0 et_section_regular\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_pb_row et_pb_row_0 et_pb_row_empty\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_pb_module et_pb_text et_pb_text_0  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>Over the many years that we\u2019ve been building financial plans for our clients, we\u2019ve noticed that travel is a very common goal in retirement. And it makes sense \u2013 after decades of work with limited time off, you finally have the opportunity to visit places and do things you&#8217;d planned to. Depending on how old [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2807,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"Over the many years that we\u2019ve been building financial plans for our clients, we\u2019ve noticed that travel is a very common goal in retirement. And it makes sense \u2013 after decades of work with limited time off, you finally have the opportunity to visit places and do things you'd planned to.\n\nDepending on how old you are, you may remember that if you were planning a trip abroad, you converted US dollars to foreign currency, or bought traveler\u2019s checks. Today, most everyone pays by credit card.\n\nThere are literally thousands of different credit cards available today, and so it\u2019s no surprise that the cost and benefits can vary significantly between them. A primary differentiator is \u201cannual fee\u201d versus \u201cno fee\u201d cards. However, within each of these categories there can still be significant differences.\n\nWe\u2019ve highlighted below examples of the two types of cards, which you can compare with the cost and features of your current card(s):\n\n<strong>Annual Fee Card:<\/strong>\nSome of the best credit cards for travel have an annual fee, but come with perks that can more than offset that annual cost. One example is the Chase Sapphire Reserve card, which has an annual fee of $450. This card offers:\n<ul>\n \t<li>A $300 annual travel credit<\/li>\n \t<li>Priority Pass Lounge access (access to over 1,200 lounges \u2013 and many restaurants \u2013 at airports around the globe), with guest access included at some locations<\/li>\n \t<li>A credit for Global Entry or TSA Precheck is included<\/li>\n \t<li>For personal travel, rental car insurance is primary rather than secondary<\/li>\n \t<li>Up to $10,000 in coverage of non-refundable expenses in the event of an emergency trip cancellation or delay<\/li>\n \t<li>Triple points on travel spending, which may be used for partner airline or hotel loyalty programs<\/li>\n \t<li>No foreign transaction fees<\/li>\n<\/ul>\n<strong>No Annual Fee Card:<\/strong>\nThe Capital One Venture Rewards card has no annual fee for the first year, and $95 per year thereafter. Other features and benefits include:\n<ul>\n \t<li>A $100 statement credit for TSA Precheck<\/li>\n \t<li>Online travel purchases at the website hotels.com\/venture earn 10x points<\/li>\n \t<li>Insurance coverage for rental cars is secondary<\/li>\n \t<li>Extended warranty protection is available on some purchases with warranties of three years or less<\/li>\n \t<li>Points exchanged with partner hotels and airlines can exceed their statement credit value<\/li>\n \t<li>No foreign transaction fees<\/li>\n<\/ul>\nBecause credit card terms and conditions change, you should periodically verify the terms of the card you\u2019re using, or plan to switch to.\n\nAnd you should always notify the card issuer if you plan to travel outside your home area and use the card.\n\n<strong>PLEASE SEE<\/strong>&nbsp;important disclosure information at&nbsp;<a href=\"http:\/\/springwaterwealth.com\/blog-disclosure\/\">www.springwaterwealth.com\/blog-disclosure\/<\/a>.","_et_gb_content_width":"","_mi_skip_tracking":false,"footnotes":""},"categories":[6],"tags":[66,107,117,135,140],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts\/2806"}],"collection":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/comments?post=2806"}],"version-history":[{"count":0,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/posts\/2806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/media?parent=2806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/categories?post=2806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/springwaterwealth.com\/wp-json\/wp\/v2\/tags?post=2806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}