When looking at getting a credit card, some consider travel perks. ACC experts look at what you need to know when thinking about a Capital One Venture X.
Written by: Franklin Marciales, Hospitality Management Adjunct professor
Is there a minimum income you would recommend someone have before they apply for a credit card that costs hundreds of dollars per year to own?
My personal recommendation is that individuals have a minimum annual income of at least $50,000 to $75,000 before applying for a credit card with a high annual fee. You do not want to spend a lot of your income on fees.
Do consumers lose out on anything when booking travel accommodations through a credit card company’s booking portal?
When customers book travel accommodations through a credit card company’s booking portal, they may potentially lose out on certain benefits and perks compared to booking directly with the hotel or resort. For example, they may not be able to earn loyalty program points or rewards.
What is the best way to put a value on features such as airport lounge access and concierge service?
It is essential to consider the tangible and intangible benefits they provide to travelers. For airport lounge access, consider the cost of food, drinks, and amenities that would be consumed.
Tags: ACC Experts, Credit Card, Hospitality Management, money
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