Looking for credit card experts (could be CFPs who are well versed in credit) to discuss some credit tips for summer. Will touch on things like: seeing if your card offer travel benefits and protections; making sure payments are set up before your vacation; watching out for foreign transaction fees; etc. Open to other clever summer-themed takes on other important credit card tips as well.

Question

Ryan Haiss · Accepted Answer

Using a credit card like a debit card—charging only what you can immediately pay off—is a smart way to avoid high-interest debt. Setting aside money for vacations throughout the year helps you travel without relying on credit. It's also worth comparing card options; some offer valuable perks like travel insurance or rental car coverage, which can save you from paying out of pocket if something goes wrong. Add in cashback or points, and with a little planning, your summer spending can go a lot further.

Kevin Huffman · Answer

The summer season is ideal for making the most of your credit card and being financially savvy at the same time. When you're making plans for your summer vacation, go with a card that offers strong travel protections and rewards on flights, hotels and dining and always pay off your balance in full so you aren't charged interest.

Track your spending on a daily basis to avoid post-vacation bill shock, and keep your credit utilization rate below 30% (ideally under 10%) in order to guard your score.

If you're traveling, pay your balances down by your statement date (not just the due date) to ensure low utilization reports to the bureaus.

Billy Rhyne · Answer

Hi there,

I'm Billy Rhyne, founder of Horseshoe Ridge RV Resort in Wimberley, Texas. As a resort developer and frequent traveler, I've learned a few smart credit habits that keep summer smooth, especially for business owners and families planning getaways.

One underrated tip:
Use a travel rewards card to prepay for gas, groceries, and gift cards before your trip — especially if you're staying somewhere with limited nearby options. Stocking up while earning 2-4x points adds up fast, and you're not left scrambling in an unfamiliar town with fewer options or higher prices.

Bonus tip: Always double-check whether your card's rental car coverage is primary or secondary. That one detail can save you hundreds if anything goes wrong.

If you're looking for more from a traveler/business owner perspective, I'm happy to share.

Best,
Billy Rhyne

Curran Clark · Answer

Summer trips exist to bring enjoyment but unexpected credit card charges will spoil the experience. I have discovered several basic methods which protect your wallet during your travels. Your credit card should serve you instead of causing problems during your travels.

Before your departure verify your card offers travel-related benefits such as trip cancellation protection and rental car insurance. The additional benefits will help you save money when your plans need to change or unexpected issues occur. Set up autopay so you don't miss a payment while you're sipping cocktails by the pool. The arrival at home should be free from late fees. Select a credit card that does not charge foreign transaction fees because these small fees quickly add up when you shop or eat outside your home country. A digital wallet like Apple Pay should be your go-to payment method. The system provides fast and secure payment processing which simplifies international transactions. Inform your bank about your travel plans so your card account does not become restricted when you are away from home.

Try splitting your spending between two cards. You should use one card to obtain travel benefits for flights and hotels while using another card for purchasing snacks and souvenirs. This approach maintains your budget organization while you earn rewards points without creating financial complications. A basic change in your summer spending approach will result in better financial management.

Alex Cornici · Answer

When planning your summer adventures, it's a game-changer to really dive into your credit card benefits, especially if you're traveling. Many cards offer travel insurance, emergency assistance, and even discounts on rentals or hotels, which can save you a bunch when you're hitting new destinations. Before you set off, double-check these perks and make sure you understand the ins and outs—like if there’s a need to activate any benefits beforehand.

Another key move is setting up automatic payments before your vacation vibes take over. This ensures you won't miss any payments while you're out having fun and avoids unnecessary stress or hit to your credit score. Also, watch out for those sneaky foreign transaction fees that can add up quickly; some cards offer no fees on international purchases, which is perfect for globe-trotters. Remember, when it comes to credit, a little prep goes a long way. Make sure to use a card that aligns with your summer plans and keeps extra costs to a minimum. Always double-check, so you're not caught off guard!

3 Answers

Kevin Huffman

Billy Rhyne

Curran Clark

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