With so many ways to earn points and miles, your next vacation is calling.
For consumers that still believe “Cash is King,” or for those who don’t want to incur debt for vacations, there are still things you’re probably already doing that can help cut costs when it comes to travel. Although the pandemic has affected the travel industry overall, according to Statista, travel spending in the United States is expected to reach a whopping $1.06 trillion by 2025 domestically. The report also shares that travel spending in the United States came in at $642 billion last year. These numbers may be astronomical to think about, but many consumers also fund their vacations by way of credit card use, which can lead to higher overall costs and potentially more debt. The biggest selling point of credit cards for travel is earning points and miles that can be redeemed for hotel stays, flight upgrades, lounge access, and more. However, it’s possible to have these perks without opening a credit card.