Companies often tie up with hotels or airlines to offer value-added benefits related to travel spends, which include bonus air miles, reward points on flight bookings, travel insurance, as well as complimentary lounge access.
The government of India has also made efforts to encourage travel and tourism. In a recent update, it was announced that overseas spending on international credit cards will not be included under the Liberalised Remittance Scheme (LRS). This means that it will not attract tax collected at source (TCS).
The government has also given more time for the implementation of higher TCS rates under LRS for overseas travel packages. This is welcome news for avid travellers and vacationers as it lessens their tax burden considerably.
For those planning a holiday, a travel credit card can be a lifesaver as it helps eliminate the hassle of carrying cash and dealing with tricky conversions. Additionally, it can also help travellers get more out of their overseas spends with exclusive offers, deals, and benefits.
Here are some credit cards offered on this platform that are sure to make both domestic and international travel even more delightful:
SBI Card ELITE
Key Features:
- Low forex of 1.99% on international transactions
- Access premium international and domestic airport lounges
- Get exclusive Club Vistara Membership and the Trident Privilege Membership
ICICI Bank MMT Signature Credit Card
Key Features:
- Exclusive MMT deals, memberships and vouchers worth Rs. 2,500
- Accelerated reward points for hotel and flight bookings
- Complimentary airport and railway lounge access
Key Features:
- Complimentary domestic airport lounge visits
- 12x reward points on online spends
- 5% cashback on down payment made at any Bajaj Finance partner store
With all cards lining up, it might finally be time for that well-deserved vacation. Those looking to make most of their vacation spends can apply for a travel-friendly credit card on the Bajaj Markets’ app or website.
Here are some of the benefits of applying for a credit card on Bajaj Markets:
- End-to-end online process
- Minimal documentation
- Attractive offers and rewards
The platform presents some thoughtfully curated credit cards to get more out of everyday expenses, shopping, entertainment, dining, and more.
