Travel has been restricted due to the COVID-19 outbreak. Because of the travel restrictions and people’s inability to visit malls or go shopping, almost everyone had to stay at home. This is essential to secure the well-being of the community & us. While we shop during these times, it is critical to know Credit card perks, benefits, and deals. Get to know which credit cards to use, what perks can be redeemed & benefits you can gain during this pandemic.
Credit card firms have announced a slew of modifications in the last 14 months to accommodate spending habits that involve less travel and more time at home than in the past. Now, with travel returning, all of that is changing. However, it would help if you were wary of some residual pandemic-era advantages that are only available for a limited time such as Credit card perks, benefits, and deals. This is primarily true if you have several cards in your wallet and want to get the most bang for your buck.
Benefits of using a Credit Card
As you may have already known, a credit card has become one of the must-own things in the 21st century. Credit cards have a lot of included benefits. You can borrow money from the financial company or the bank without worrying that you might not pay for a particular item that you need to purchase. Due to the pandemic, card companies have made adjustments accordingly so that card owners can benefit the most during this.
- You can build a credit score, providing you pay back the money you spent.
- You can be eligible for a certain percentage of cashback of some points for a voucher redeem the card.
- Will have protection against credit card fraud.
- Information about your credit score is free.
- You will be able to use the credit card without any transaction fees anywhere in the world.
- You will be able to buy anything to pay the credit card off later.
- It is not linked to your cheque or your savings account.
- Can put a hold on a rental vehicle or a room in a hotel.
Benefits that card companies gave during the pandemic
In February, some American Express customers received a new benefit: a complimentary UberEats Pass for up to 12 months. The following cards were found to be eligible:
- The American Express Platinum Card® (See rates & fees)
- The American Express® Gold Card is a credit card issued by American Express (See rates & fees)
- American Express® Green Card
Get a 5% discount and no delivery costs on orders over $15 at qualifying restaurants when you use the Uber Eats Pass. The membership fee is $9.99 per month or $119 per year, so there’s a chance to save a major amount of money and get a lot of value out of it, especially considering the hefty annual fees for all three cards.
This benefit is mostly a travel-related advantage that might be useful if flying returns, although cautiously, it expires this autumn. It applies to select American Express customers who just discovered a targeted offer in their accounts: 100% back on a single Clear membership purchase of up to $179. A subscription to Clear, a biometrics firm that uses your fingerprints to skip long security queues at airports, costs $179. This new Amex Offer covers the cost of one perfectly.
Although the DoorDash credits for Chase Sapphire Reserve® cards were introduced in January 2020, just months before COVID-19 pandemic, they proved to be quite useful after the pandemic struck. Reserve cards will receive $60 in DoorDash credits in 2020 and another $60 in 2021, as well as a one-year free DoorDash Dash Pass subscription (if activated by December 31, 2021). Otherwise, this membership is $9.99 a month and offers free shipping on eligible goods as well as lower service fees. This perk can benefit Chase Sapphire Reserve cards and potential cardholders who often use the third-party meal delivery service and want to save money on their orders. Even better, you won’t have to join since you’ll get a $60 statement credit on your DoorDash purchases automatically through December 31, 2021.
Gas station and grocery store credits
The Chase Sapphire Reserve card provides a valuable perk for avid and frequent travelers. These customers receive a $300 travel credit that can be used in various categories, including airfare, train travel, and hotels. This benefit alone can cover more than half of the annual charge of $550. However, cardholders can use this advantage on supermarket and petrol station purchases until December 31, 2021. After that, statement credit will automatically cover your eligible purchases in these categories on your account. So if you’re not getting a lot of use out of your $300 travel card due to the epidemic, here is a fantastic way to get some use out of it while we wait for travel to resume completely.
The list below will show you the best-recommended card for specific categories:
- Chase Sapphire Preferred® Card – The best option for amateur travelers.
- The Platinum Card® from American Express — New Platinum exclusive offer
- Capital One Venture Rewards Credit Card — Best for airline rewards
- Citi Custom Cash℠ Card — Ideal for monthly rotating categories
- American Express® Gold Card — Best for dining rewards at restaurants
- Bank of America® Travel Rewards credit card — Best for the first travel card
- Capital One Quicksilver Cash Rewards Credit Card — BEST FOR CASHBACK
- Chase Freedom Unlimited® — Best for flexible rewards
- Ink Business Unlimited® Credit Card — BEST FOR FREELANCERS
- Capital One SavorOne Cash Rewards Credit Card — Best for entertainment rewards
- Blue Cash Preferred® Card from American Express — Best for select United States streaming rewards
- Ink Business Preferred® Credit Card — BEST FOR BUSINESS TRAVELERS
- Blue Cash Everyday® Card from American Express — Best for cash back beginners
Bonus Read – Best Credit Card Deals, 2021
The COVID-19 vaccine is expected to be widely available in 2021. The pandemic’s long-term impacts will surely put some credit cardholders in financial distress and seeking assistance from their card company. Banks, credit unions, and other issuers continue to offer credit card hardship programs and further assistance. Still, such programs typically provide relief on a case-by-case basis and only when asked, so you’ll have to contact your issuer for assistance. You can enlist assistance online with American Express AXP -3.54 percent. It claims it may be able to reduce monthly payments and interest rates temporarily.
Bank of America BAC
Bank of America BAC -0.92 percent has offered credit card consumers assistance, such as payment deferrals and late penalties canceled or repaid. To discover more about financial aid, log in to your account.
Chase JPM, -2.64 percent offers a variety of aid alternatives, including the ability to delay payments. In addition, it advises that you sign up for its COVID-19 Payment Assistance Program online.
So, in conclusion, regardless of the pandemic, card companies will keep making changes to make sure their customers can get the maximum benefit from their cards. So, make sure to check out every available card and check-in with the offers and deals they are giving. After this, you will be able to get the maximum use of the card during the pandemic.