July 10, 2024
Credit Card Travel Benefits Survey
Credit cards offer a lot of travel-related benefits that most people don’t seem to know much about. Rental car insurance, travel accident insurance, and insurance for lost/delayed luggage are just a few of these perks.
To see whether travel benefits will be put to good use this summer or left unused, plus a whole lot more, WalletHub conducted a nationally representative online survey. You can find the results below.
Key Stats
- Inflation Boosts Interest in Travel Benefits: Nearly 3 in 5 people say inflation has forced them to use credit card travel benefits more often.
- Untapped Credit Card Perks: 37% of Americans don’t take full advantage of their credit cards’ benefits.
- Most Popular Credit Card Travel Benefits: 34% of people want trip delay/cancellation insurance from their credit card, making it the most popular travel benefit, followed by insurance for accidents while traveling (28%), rental car insurance (22%), and airport lounge access (16%).
- Credit Cards Are Essential for Travel: 57% of people think it’s a bad idea to go on a trip without a credit card, with 96% of baby boomers sharing this sentiment.
- What You Don’t Know Can Cost You: Nearly 1 in 3 people are unaware of the travel benefits offered by their credit cards.
Copyright 2024 Evolution Finance, Inc. All rights reserved. From https://wallethub.com. By John S. Kiernan, WalletHub Managing Editor.
To view all articles, check out the
Internet Travel Monitor Archive