Americans are missing out on $22 billion in free travel

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Americans are missing out on $22 billion in free travel. via CNBCMakeIt

Jet-setting Americans are missing out on hundreds of dollars of free travel annually by failing to take advantage of one simple thing: travel-focused credit cards. Collectively, Americans leave $22 billion worth of free travel expenses on the table per year, NerdWallet found in its recent 2018 Travel Credit Card Survey.

It's still important to use credit cards responsibly. You should never sign up for a new credit card just to get perks or overspend simply to earn more points, something 34 percent of survey respondents cop to doing. However, it comes with a host of flexible perks that can be applied to almost any trip, including 50,000 bonus miles if you spend $3,000 in the first three months, earning double points on every purchase and no foreign transaction fees.

 

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