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Unlocking the Hidden Benefits of Debit and Credit Cards for Indian Travelers

Unlocking the Hidden Benefits of Debit and Credit Cards for Indian Travelers
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Introduction:

India’s dynamic digital payments landscape has garnered international attention. According to government data, digital transaction volumes in India surged from Rs 2,071 crore in FY2017-18 to Rs 13,462 crore in FY2022-23, reflecting a compound annual growth rate (CAGR) of 45 percent. With various options available, consumers often find it challenging to select the most suitable payment method.

One aspect where debit and credit cards are used a lot is – traveling. Traveling can be expensive, but choosing the right debit card can make your trips more affordable and enjoyable. In this article, we’ll explore India’s best debit cards for travel benefits. Whether you’re looking for air miles, lounge access, or discounts on travel bookings, debit/credit cards offer a range of perks that can enhance your travel experience. Read on to find out what travel benefits you can avail. 

What are the Hidden Benefits of Debit and Credit Cards?

1. Travel Insurance: Many credit cards come with complimentary travel insurance, covering everything from trip cancellations to lost baggage and medical emergencies. Debit cards may offer similar benefits, particularly those linked to premium accounts. This benefit helps protect travelers against unexpected events and reduces the financial risks associated with their journeys.

Credit card travel insurance typically covers various scenarios such as trip cancellations or interruptions, lost or delayed baggage, medical emergencies, accidental death or disability, and even rental car insurance. The coverage details and specific benefits depend on the credit card issuer and the card type. 

How to Avail:

  • Check with your card issuer about the insurance coverage offered.
  • Ensure your travel expenses are paid using the card to activate the insurance.
  • Read the fine print to understand what is covered and the claim process.

Some Companies Offering Services include HDFC Regalia, HDFC Diners Club, ICICI Bank Sapphiro, ICICI Bank Emerald, Axis Bank Privilege Credit Card, SBI Elite, and SBI Prime.

2. Airport Lounge Access: Credit cards, especially premium ones, often provide complimentary access to airport lounges. This perk can transform your airport experience with comfortable seating, free meals, Wi-Fi, and more. Some debit cards, particularly those issued by private or premium banks, may also offer this benefit. You can make the most of your travel journeys by choosing the right card and understanding its perks.

How to Avail:

  • Enroll in the card’s lounge access program if required.
  • Present your card at the lounge entrance.
  • Verify the list of participating lounges and conditions for access.
  • Check with the bank about the lounge accesses across the country in advance.
  • Be aware of the number of free visits and any conditions tied to them.

Some of the Companies Offering Services are HDFC Bank Regalia Credit Card, American Express Platinum Travel Credit Card, Axis Bank Vistara Signature Credit Card, and ICICI Bank Coral Credit Card.

3. Reward Points and Cashbacks: Both debit and credit cards offer reward points for every transaction, which can be redeemed for travel bookings, hotel stays, or shopping vouchers. Some cards also provide cashback on travel-related expenses. Typically issued in collaboration with hotel chains or airlines, these cards often reward users with points or miles for spending on flight tickets, hotels, and other travel costs.

How to Avail:

  • Use your card for all travel-related purchases to maximize points.
  • Monitor your reward points balance and redeem them through the card issuer’s rewards portal.
  • Opt for cards that offer higher rewards or cashback rates on travel expenses.

Some of the Companies Offering Services: RBL Bank World Safari Credit Card, Yatra SBI Credit Card, Axis Bank Magnus Credit Card, SBI Bank Elite etc.

4. Foreign Transaction Fee Waivers: Many international travelers face foreign transaction fees when purchasing or withdrawing cash from ATMs abroad. Traveling abroad often comes with the inconvenience of foreign transaction fees. However, some premium credit and debit cards waive these fees, allowing you to save on currency conversion costs. Fortunately, several robust credit and debit card options offer this benefit for those traveling internationally.

How to Avail:

  • Inquire about foreign transaction fees with your card issuer before traveling.
  • Apply for a card that offers zero or reduced foreign transaction fees.
  • Use these cards for all international purchases to avoid additional charges.

Some of the Companies Offering Services are HDFC Bank Regalia ForexPlus Credit Card, IDFC Bank First Wow Credit Card, Federal Bank Scapia Co-branded Credit Card, Axis Bank Burgundy Private Credit Card, and Axis Magnus Credit Card

5. Concierge Services: High-end credit cards often come with concierge services that can assist with travel bookings, itinerary planning, restaurant reservations, and more. This service can be incredibly useful for planning and managing your trip. Concierge services aim to simplify your daily tasks. While the exact offerings can differ between providers, these services typically include help with travel arrangements, booking reservations, grocery delivery, and more.

How to Avail:

  • Contact the concierge service through the dedicated phone line or app.
  • Provide your travel preferences and let the concierge handle the details.
  • Utilize this service for last-minute arrangements or difficult-to-book reservations. 

Some of the Companies Offering Services:  Citibank Prestige Credit Card, Axis Bank Reserve Credit Card, HDFC Bank Diners Club Black Credit Card, IndusInd Bank Legend Credit Card etc.

Debit Card Vs Credit Card: What To Use While Travelling Abroad

Here’s a table on what is better to use abroad in terms of debit or credit cards:

In conclusion, debit and credit cards are not just convenient payment tools but gateways to hidden travel benefits. By understanding and leveraging these perks, Indian travelers can significantly enhance their travel experiences while saving money and enjoying exclusive privileges.

Explore your cards’ benefits, stay informed, and use them wisely to unlock a world of possibilities on your next journey.

FAQ

  1. Can I use my Indian debit card abroad?

    Yes, most Indian debit cards can be used abroad. However, it’s important to inform your bank about your travel plans and understand the foreign transaction fees that may apply.

  2. What should I do if my card is lost or stolen while traveling?

    Immediately report the loss or theft to your card issuer. Most issuers have a 24/7 helpline for such emergencies. Your card will be blocked, and a replacement can be issued.

  3. How can I avoid foreign transaction fees?

    Opt for a credit or debit card that offers zero or reduced foreign transaction fees. Also, avoid dynamic currency conversion, which can add additional costs.

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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.

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