You must be attentive when applying for a credit card. In general, tourist cards have many advantages:
- High cash limit.
- Long interest-free period.
- Adequate interest rate.
- Fast processing of the application and making a decision on it.
- Discounts and bonus promotions.
Many banks offer travel credit cards. However, to choose the best one, you need to pay attention to a number of factors:
- The payment system must have an international level like Visa or MasterCard. At the same time, the status of the card must be at least Classic or Standard.
- Annual maintenance cost.
- Look at the commission. The use of cards involves currency conversion, most often it is double and many banks charge an additional fee for providing this service.
- It is best to issue a multi-currency credit card, which will link several accounts at once in different currencies.
The most requested features of credit cards while traveling
Credit card with travel insurance
Many banks, along with consumer insurance, issue credit card insurance. First of all, this is due to the growth of scammers who use a wide variety of methods to steal money. Concluding a contract for credit card insurance will avoid a lot of problems if fraudsters want to get exactly your money. To do this, they do not need to steal your card. There are many electronic devices that allow you to read all the necessary data. After that, they can debit them from their account, make purchases on the Internet, etc. without your knowledge.
Making insurance allows you to reimburse a loan to a bank in the event of an insured event. One of these may be the loss of a job, theft of a card, etc. If such a situation is discovered, the insurance company either fully or for a certain period pays the monthly payment amount for you. As a result, there are no penalties and your credit history does not suffer.
Credit card with attractive foreign currency conversion fees
The use of foreign currency is unavoidable when traveling abroad. Because when you travel to a certain country, you must use the currency of that country when making transactions. Banks usually charge a certain transaction fee (a percentage of the amount you pay). In general, they range from 2% to 4%, some banks such as Vietcombank, BIDV, TP Bank have a relatively low commission for converting into foreign currency.
Pay attention to security when using credit cards abroad
Security is also one of the factors that make users care about how they choose their credit cards. In fact, whether you use a Mastercard or Visa, they all have extremely high levels of security, in addition, the banks themselves that issue credit or debit cards are always trying to increase the level of security, and card privacy provides customers with peace of mind. The Visa credit card is considered to be the best security card available today, you can rest assured when traveling abroad with a Visa credit card in hand to avoid transaction issues.
TOP 5 Most Popular Vietnam’s Credit Cards for Traveling
1. Maritime Bank Visa Travel Card
The Visa Travel Card Maritime Bank line of credit cards has an attractive cashback program for customers. Customers have the opportunity to both enjoy the trip and receive a refund after the trip.
Pros:
- Cashback up to 10% of all expenses, up to 8 million VND / year.
- Up to 30% cashback with Travel JOY+ up to VND 2 million per program (VND 12 million per year).
- Owning VND 10.5 billion global travel insurance.
Fees:
- Card issuance fee: free.
- Annual fee: VND 599,000 (however, it will change periodically).
- Transaction Fee/Foreign Currency Conversion: 3%/transaction amount.
Conditions for opening a card: Income from 12,000,000 VND / month.
2. Timo Visa
When using a Timo Visa credit card, customers will have the opportunity to receive a 5% discount when booking travel services and tours on KKday. Thus, you can be completely sure that you are going shopping abroad without worrying about costs. There are also exclusive offers for Timo Visa credit card holders.
Pros:
- 5% discount when booking travel services, tours on the KKday website using a Timo Visa credit card.
Fees:
- Card issuance fee: free.
- Annual fee: free.
- Transaction Fee/Foreign Currency Conversion: 3%/transaction amount.
- Fee for cash withdrawal at Viet Capital Bank ATM/Cash Desk: free of charge.
- Commission for cash withdrawals from ATMs / POS of other banks: 2% of the transaction amount (minimum 40,000 VND / time).
- Commission for checking the balance in ATMs of other banks: 8,000 VND/time.
- Late payment fee: 6% of the late payment amount (minimum VND 100,000/time).
- Commission for exceeding the credit limit: VND 100,000/time.
3. ANZ Travel Platinum
With the ANZ Travel Platinum Credit Card, you have the opportunity to travel to thousands of hotels for free.
Pros:
- ANZ Travel Platinum also connects to Agoda, allowing cardholders to connect their miles for free.
- For every mile you fly with an ANZ Travel Platinum credit card, you earn 5 times more than usual.
- In addition, exclusive offers only for ANZ Travel Platinum credit card holders, such as: travel insurance up to $500,000, use of a free VIP lounge at the airport…
- When accumulating 2,800 ANZ miles, equivalent to 1 Agoda voucher worth VND 1 million. 1 ANZ mile is equivalent to 1 flight mile from 75 airlines worldwide (Vietnam Airlines’ Lotusmiles, Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles) under the ANZ Travel Platinum credit card redemption program.
- Premium lounge service at over 850 airports worldwide Up to $500,000 in travel insurance, golf benefits and the ANZ Spot promotion…
Fees:
- Annual fee: VND 250,000 to VND 1,100,000 depending on the class of the card.
- Cash Withdrawal Fee/Cash Transaction Fee: 4% of transaction amount (minimum VND 60,000, maximum VND 999,000).
- Late payment fee: 4% of the amount of the late payment (minimum VND 250,000, maximum VND 999,000).
- Pay at least 5% of the outstanding balance (minimum VND 50,000).
- Maximum cash/withdrawal limit: 50% of the credit limit.
- Conditions for opening a card: Income from 20,000,000 VND / month.
4. Citi PremierMiles Word MasterCard
The Citi PremierMiles World MasterCard credit card was designed by the bank to provide exclusive offers to customers using the bank’s card.
Pros:
- Customers using the Citi PremierMiles Word MasterCard credit card will be able to earn rewards such as redeem miles corresponding to the amount spent at home and abroad on the credit card.
- Customers can convert their miles into cash to pay for travel expenses such as shopping, hotel accommodations, meals, etc. The Citi PremierMiles World MasterCard Travel Card also has a free 20 billion VND global insurance package for customers.
Fees:
- Card issuance fee: free.
- Annual fee: VND 1,500,000.
- Transaction Fee/Foreign Currency Conversion: 1.99% – 4%/transaction amount.
- Conditions for opening a card: Income: From 20 million VND / month, transfer or good credit history.
5. Vietnam Airlines Techcombank Visa Platinum
Combined with the well-known Vietnam Airlines, the Vietnam Airlines Techcombank Visa Platinum Credit Card will become the travel credit card you should apply for.
Pros:
- Offers related to Vietnam Airlines to upgrade your Golden Lotus membership and earn miles when you use this line of cards to earn free flights and other gifts.
- No payment of interest for up to 45 days on the purchase of goods and services, when the cardholder periodically and promptly pays the outstanding balance in full.
- Flexible credit card balance payment with a minimum payment of only 5% of the balance at the end of the period, minimum VND 100,000.
- Take advantage of preferential payment discounts when making transactions in the system of card acceptance points cooperating with Techcombank.
- Visa Concierge premium services include a call center, personal services and lifestyle support.
- Global travel insurance for the whole family with a maximum insured value of up to VND 10.5 billion / person.
Fees:
- Card issuance fee: free.
- Annual fee: free.
- Transaction Fee/Foreign Currency Conversion: 2.59 – 2.95% of the transaction amount.
- Card opening conditions: Registered member or higher of the Lotusmiles – Vietnam Airlines program. Other conditions established by Techcombank .
How to issue a travel credit card
Issuing travel credit cards is a fairly simple process and, in fact, it is no different from the usual issuance of a bank card. To do this, it is enough to have a passport and other necessary documents, as well as draw up an application for registration.
You can apply for a credit card online and pick it up at the office or have it delivered to your home. The process of applying for a credit card is simplified as much as possible, citizens can order credit cards via the Internet and receive them with only a passport.
The best solution for you is to apply for a Visa credit card at a local bank and a card at a foreign bank. One card will save you money, while the other will become a reliable reserve. We hope that with the above findings you will choose a reliable bank.
Author: Chử Trúc Lâm from https://vaytienmat24.com/
