WalletHub announced the results of its 2022 Winter Travel Survey, along with its updated list of the Best Credit Cards for Winter Travel and key money-saving tips for domestic and international travelers.

Key takeaways from WalletHub's nationally representative online survey

• Rate Hikes Deflating Travel Plans: 40% of people say the Federal Reserve’s rate hikes will affect their travel plans this winter.


• Inflation Spooking Travelers: 69% of people are worried about inflation when it comes to travel.


• Credit-Fueled Travel is Common: More than 1 in 4 people plan to apply for a new credit card to save on winter travel.


• Travelers Paying with Points, Miles & Cash Back: 55% of people plan to redeem rewards to help with winter holiday expenses.


• Gas Prices Put the Brakes on Road Trips: Nearly 60% of people say gas is too expensive for a road trip this winter.


• 2022’s Best Travel Credit Card: Capital One Venture Rewards Credit Card is the best credit card for winter travel because it offers an initial bonus worth $750 in travel, along with double miles on all purchases and a reasonable annual fee.

12 Travel Credit Card Tips

1. Pay with a Credit Card Whenever Possible

The best credit cards for travel provide a lot of value through initial rewards bonuses and points or miles for every dollar you spend. They also give you a $0 liability guarantee for fraud and complementary rental car insurance coverage. So it’s a good idea to use one for the majority of your travel expenses.

2. Choose Your Credit Card Wisely

If you’re interested in a new credit card mainly for a quick rewards score, focus on the best initial bonuses. If you’d prefer to keep the same card for a long time, place more emphasis on ongoing rewards. If you’re worried about finance charges, a 0% offer has the potential to save you more than even the best travel rewards card.

3. Avoid Peak Season Prices

The most obvious vacation destinations, types of accommodations, and departure dates are naturally going to be the most popular and thus the hardest to book on a budget. So consider things like taking a mid-week flight, going to a small town, or renting a house instead booking rooms in an expensive hotel (especially if you’re traveling with a big group). You can also take advantage of free resources such as public transportation and destinations known for natural beauty.

4. Mix Business with Pleasure

If you can find a way to squeeze in a few meetings, certain aspects of your trip may be tax deductible. While your travel must technically be “for business” and only your own business-related expenses are deductible, you’re allowed to tack a few recreational days onto either end of a business trip. And you can certainly brainstorm ways to include your family under the business umbrella even if they aren’t employees (e.g. piling everyone into a rental car that would ordinarily be just for you).

5. Improve Your Credit Score

You need good or excellent credit to get the very best credit cards for travel rewards. So you may need to do some work before applying. Start by checking your latest credit score for free on WalletHub. Then check out your personalized credit analysis page for advice on how to improve.

6. Shop Around

Comparing the prices of different airlines, hotel chains and vacation packages will help you find best possible deals. You might even get a better price than what’s listed online by telling the sales rep that you’ll book immediately if they can beat a specific competitor’s offer.

7. Tell Card Issuers You’re Leaving

Credit and debit card companies may suspend your account if a bunch of transactions suddenly pop up from outside your normal spending area. You can avoid the hassle by simply telling your issuer where and when you’ll be traveling. This is especially important if you’re headed out of the country, but it could come into play for long domestic trips as well.

8. Take Advantage of the Dollar’s Strength

Choosing a vacation destination based on where you’ll get the most bang for your buck is at least worth considering.

9. Use Credit for Currency Conversion

Visa and Mastercard offer exchange rates that are roughly 7% lower than what banks and credit unions charge to convert hard currency, according to WalletHub’s Currency Exchange Study. Simply using your card for intentional spending will also save you about 9% compared to converting money at Travelex.

10. Don’t Pay Foreign Fees

Nearly 90% of credit cards charge a premium to process transactions outside of the United States. It’s called a foreign-transaction fee. And it can range from 2% to 4%, depending on the card. You don’t actually have to be abroad to incur such a surcharge, either. Foreign fees apply whenever you make a purchase through an internationally based merchant. But as long as you have a credit card with no foreign transaction fee, which describes most of the best credit cards for travel, you won’t have to worry.

11. Bring a Low-Fee Debit Card

Even the best credit cards for travel can’t pay for everything when you head abroad. So the best approach is to take a Visa or Mastercard debit card, which will allow you to take out cash as needed and benefit from low exchange rates.

12. Pay in the Local Currency

Foreign merchants sometimes offer to convert prices into U.S. dollars in order to charge a high conversion rate and line their pockets.

Remember, finding the best travel rewards credit card for your needs is all about figuring out how much you stand to earn once annual fees are taken into account. Many of the best cards have fees because their rewards are more than worth the cost.

All in all, the best travel rewards credit cards can save you a boatload on everything from cruises to airfare to taxi rides. The trick is to find the right card for your particular needs. For your convenience, we’ll recap our editors’ picks for the best travel credit cards by category below, then lay out some tips for deciding which card to apply for and maximizing its value.

Best Travel Credit Cards Comparison

Credit Card	Category	Annual Fee
Capital One Venture Rewards Credit Card	Winner	$95
Citi Premier® Card	Travel & Dining	$95
Capital One Venture X Rewards Credit Card	Bonus Rewards	$395
Chase Sapphire Preferred® Card	Sign-Up Bonus	$95
Discover it® Miles	No Annual Fee	$0
U.S. Bank Altitude® Connect Visa Signature® Card	Excellent Credit	$0 intro 1st yr, $95 after

The right travel rewards card is a very powerful tool capable of saving you a lot of money, but you also have to use your card responsibly to get the most out of it. With that in mind, we’ve got some tips for how you can take your travel savings to new heights. In addition to pointers that apply to everyone, you’ll find some advice specifically for people venturing abroad.