This summer, Americans are on the move. Or at least, they want to be.
Demand is so high for airline tickets to Europe that prices have surged nearly 40% from last year, and flights to Asia rose even more. Anticipate chaos along with the expense: The FAA expects a 45% increase in flight delays on the East Coast, due to staff shortages during peak travel season.
If you're dreaming of sunny days in another time zone, now is the time to use every tool in your arsenal — starting with your travel credit cards.
The best travel credit cards are the ones that earn transferable points (so you can use them outside of one specific brand), and make it easy to use those points to score deals like free flights and free hotel stays. Plus, they should come with an impressive welcome bonus that you can put toward a trip right away.
These cards typically require an excellent credit score (think: over 700) and some of them come with three-digit annual fees, but there are lower-fee, easier-to-get options that can be just as valuable for a single summer trip.
Remember: No matter which card you use, points and miles are only worth it if you're paying your balance on time and in full. A free flight is never worth carrying credit card debt.
If you're ready to get out of dodge sometime soon, start here:
• The best credit card bonuses available right now
• A beginner's guide to booking cheap or free travel deals with credit card rewards
• The best credit cards with travel insurance
• The best credit cards with trip delay insurance
And if credit cards aren't your thing but those flight delays are making you nervous, we can help you find the best travel insurance.
Yield Chaser
If you're still building those travel savings, we have good news: Banks and credit unions of all sizes are currently offering the highest rates we've seen in years, which means you'll earn interest on easily accessible cash.
If you're still earning less than 3% on your old savings account, it's time to rethink your bank.
Here are some places to get started:
• Highest interest rates today
• SaveBetter review: One account to maximize your savings
• Simple interest calculator: How much you could be earning
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