Counterbalance Your Rising Travel Costs with Capital One Credit Card Awards

Aug. 16, 2011 - PRLog -- In its latest press release, The Capital One Financial Corporation, in its quarterly findings of Capital One Rewards barometer, revealed how cleverly the consumers accumulated and redeemed their credit card awards. With fuel prices rocketing sky high, people tend to utilize high value credit awards to plan their summer trips. The number of such consumers has risen from one-third to around 40 % this summer.

Besides gas, the most popular choices of people where they can redeem their Capital One Credit Award points are hotels and air travel. These reward points tremendously ease of the pressure of all these rising costs which affect their summer trips.

But problems arise when due to heavy bookings and rush during specified periods, people cannot redeem their rewards. It is these reward points which can be used as ‘free money’ which motivates more and more people to opt for the use of credit cards, which finally accumulate as savings.

Summer being the peak season for vacations, people prefer to utilize their reward points for overseas trips, Rome being a hot favorite. But around 60% of consumers are unsure whether an overseas trip might shoot up their expenses to around 2 to 3 percent due to foreign transaction fees on their purchases they make on their credit cards; although around 19 percent of the consumers have put their fears to rest by reporting that no extra fee is charged.
Capital One offers some tips to guide the consumers for maximum utilization of their money to make their summer vacations memorable.
•    With travel plans where one frequently switches over hotels or airlines, a credit card which is not linked with a specific brand is advised.
•   As reward points keep differing from time to time, availing them in time is advised, lest one loses precious points, suffering financial losses consequently.
•   A planned budget integrating additional costs of fuel, baggage fees, or foreign transaction fees should be prepared to manage your budget efficiently, confirming whether all additional costs are covered under one’s credit card rewards program.
By offering rich rewards, benefits and perks, Capital One is committed to enfolding more and more customers in its reward program. The No Hassle Reward Program from Capital One offers easy ways to earn and accumulate limitless reward points and redeem them through cash-back, travel, gift cards, merchandise, etc. without the fear of losing them as they do not expire.
For additional information on Capital One Rewards visit www.fininvest.co.uk

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