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With the cost of travel continuing to rise thanks to inflation, savvy globetrotters are taking a closer look at their vacation budgets and looking for ways to save without sacrificing the experience that makes travel so special. More than half of travelers expect to spend more on travel this year than last year, with the average consumer expecting to drop about $3,300 on trips in 2023, according to a recent RetailMeNot survey.
One of the most effective ways to cut the costs on a trip is by making the most of travel rewards credit cards. In addition to paying valuable rewards that you can redeem for flights and hotel stays, many travel credit cards make it easier for you to earn status with airline and hotel loyalty programs. They may even have other valuable travel perks like free checked bags or airport lounge access. Here’s what you need to know.