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    2022 Credit Card Travel Benefits Study And Consumer Survey

    2022 Credit Card Travel Benefits Study And Consumer Survey

    With the summer travel season heating up and common travel expenses experiencing significant inflation, WalletHub today released its newest travel surveys.

    WalletHub has just released its 2022 Credit Card Rental Car Insurance and Credit Card Travel Insurance studies to highlight some credit card benefits that can save vacationers money this summer. It also released the results of its 2022 Credit Card Travel Benefits Survey, gauging people’s opinions about common perks.

    Please find key takeaways below, followed by commentary from WalletHub experts.

    • Travel Benefits Matter to Consumers: 60% of people say travel benefits matter to them when applying for a new credit card.
    • Travel Insurance Not Taken for Granted Now: 53% of people say the pandemic made them value credit card travel insurance more.
    • Customer Disservice: Almost a third of people have not found their credit card’s customer service to be helpful while traveling.

    • Purchases Declined While Traveling: 39% of people say they have had purchases declined due to suspected fraud while traveling.
    • Travel Benefit Most Wanted in Credit Cards: Insurance for accidents while traveling (34%) is the credit card benefit people want the most, followed by trip delay/cancellation insurance (33%) and rental car insurance (23%), leaving airport lounge access (10%) at the bottom of the list.
    • Best Credit Card for Rental Car InsuranceChase Sapphire Reserve® provides worldwide rental car insurance for up to 31 days. Damage from dirt and gravel roads and towing charges are included.
    • Best Credit Card for Travel InsuranceChase Sapphire Preferred® covers you up to $500K for travel accidents, $3K for lost luggage, $20K for trip cancellation, $500 for delayed trips, and $500 for delayed luggage.

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    2022 Credit Card Tra…

    by The Editors Of The Fox Magazine Time to read this article: 4 min