NerdWallet: Don’t let a one-week holiday trip become six months of credit card payments. Here are 3 tips for keeping travel costs down.

by | Nov 1, 2022 | Stock Market

This article is reprinted by permission from NerdWallet.  In 2022, holiday travel is predicted to continue climbing back toward its pre-COVID-19 level, according to travel booking app Hopper. That means more of us on the road, at the airport and huddled around plates of overcooked turkey and mashed potatoes. For many Americans, that travel comes with a hefty price tag, often paid for with a credit card.

A new NerdWallet survey found that 44% of Americans plan to spend money on flights or hotels during the 2022 holiday season. Of those holiday travelers, about two-thirds (66%) plan to put some or all of the bills on their credit cards. If you plan to join the ranks of holiday travelers, here are some tips to get you through the season with as little financial stress as possible.Key takeaways
Compare the cost and hassle of travel methods, since the way you’ve always done it might not still be the best.

Look at ways to cut down on how much you spend on your credit card or ways to pay your balance off faster in 2023.

The best time to look at cards with better rates and perks is before you start buying plane tickets and booking hotels.

1. Compare travel options The way you’ve always traveled doesn’t have to be the way you always travel. As creatures of habit, we often take the same familiar paths to get from point A to point B, even when other routes might be faster, cheaper or more efficient. According to the U.S. Energy Information Administration, the price of gas rose 16.7% from September 2021 to September 2022. If you used to save $100 on travel costs to grandma’s hous …

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