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Travelling is an experience that opens up opportunities for exploration, relaxation, and adventure. However, it can be expensive, especially if you have a low credit score. But don’t worry, there are low credit travel credit cards available to help make your dream of travelling a reality.
What are low credit travel credit cards?
Low credit travel credit cards are credit cards that are designed for individuals with poor or limited credit history. These cards offer travel rewards, such as airline miles, hotel points, and cashback on travel purchases, while also helping you build or rebuild your credit score.
How do low credit travel credit cards work?
Low credit travel credit cards work like traditional credit cards. You make purchases with the card and pay off the balance each month. However, these cards have higher interest rates and lower credit limits than traditional credit cards. You also may have to pay an annual fee.
What are the benefits of low credit travel credit cards?
The benefits of low credit travel credit cards include earning travel rewards, improving your credit score, and having access to emergency funds while travelling. These cards also usually come with travel insurance, fraud protection, and other perks that can make travelling easier and safer.
What are the drawbacks of low credit travel credit cards?
The drawbacks of low credit travel credit cards include higher interest rates, lower credit limits, and annual fees. If you do not pay off the balance each month, you could end up paying significant interest charges. Additionally, these cards may not be accepted everywhere, so it is important to have alternative payment methods while travelling.
How can you choose the best low credit travel credit card for you?
To choose the best low credit travel credit card for you, consider the rewards, interest rates, annual fees, and credit limit offered by each card. Look for a card that offers rewards on the types of purchases you make most frequently. Also, read the fine print and terms and conditions to ensure you understand the card’s fees and policies.
What are some examples of low credit travel credit cards?
| Card Name | Rewards | Interest Rate | Annual Fee |
|---|---|---|---|
| Capital One QuicksilverOne Cash Rewards Credit Card | 1.5% cashback on all purchases | 26.99% | $39 |
| Discover it Secured Credit Card | 2% cashback at gas stations and restaurants on up to $1,000 in combined purchases each quarter, 1% cashback on all other purchases | 22.99% | $0 |
| Capital One Platinum Credit Card | N/A | 26.99% | $0 |
Conclusion
Low credit travel credit cards can be a great option for individuals with poor or limited credit history who want to earn travel rewards and improve their credit score while travelling. When choosing a card, consider the rewards, interest rates, annual fees, and credit limit to find the best option for your needs. With the right low credit travel credit card, you can enjoy affordable travel and all the experiences that come with it.