PayPal Credit, previously known as Bill Me Later, is a line of credit offered by PayPal that allows users to make purchases and pay for them later. One of the lesser-known benefits of using PayPal Credit is the travel perks that come with it. In this article, we will delve into the world of PayPal Credit card travel perks, exploring the benefits, advantages, and disadvantages of using this service for travel-related expenses.
Introduction to PayPal Credit Travel Perks
PayPal Credit offers a range of travel perks that can enhance the travel experience for its users. These perks include travel insurance, trip cancellation insurance, and travel assistance. Additionally, PayPal Credit users can earn reward points on their travel purchases, which can be redeemed for future travel expenses. The PayPal Credit card also offers no foreign transaction fees, making it an attractive option for international travelers.
Travel Insurance and Trip Cancellation Insurance
PayPal Credit offers travel insurance and trip cancellation insurance to its users. This insurance provides coverage for unexpected events such as trip cancellations, interruptions, or delays. The insurance also covers medical emergencies, trip cancellations due to illness or injury, and travel delays. The cost of the insurance is typically a percentage of the total trip cost, and it can be purchased at the time of booking. For example, a PayPal Credit user booking a 1,000 flight can purchase travel insurance for 50, which would provide coverage for trip cancellations, interruptions, or delays.
| Insurance Type | Coverage | Cost |
|---|---|---|
| Travel Insurance | Trip cancellations, interruptions, or delays | 5% of total trip cost |
| Trip Cancellation Insurance | Trip cancellations due to illness or injury | 3% of total trip cost |
Earning Reward Points on Travel Purchases
PayPal Credit users can earn reward points on their travel purchases, which can be redeemed for future travel expenses. The reward points can be earned on flights, hotels, car rentals, and travel packages. The points can be redeemed for travel discounts, upgrades, and other travel-related expenses. For example, a PayPal Credit user who earns 10,000 reward points can redeem them for a $100 travel discount on their next flight.
No Foreign Transaction Fees
One of the significant advantages of using PayPal Credit for travel expenses is the lack of foreign transaction fees. This means that users can make purchases abroad without incurring additional fees. This feature is particularly beneficial for international travelers who may need to make purchases in foreign currencies. According to a study by NerdWallet, foreign transaction fees can range from 1% to 3% of the transaction amount, which can add up quickly. By using PayPal Credit, users can avoid these fees and save money on their international transactions.
- No foreign transaction fees on international purchases
- No additional fees for currency conversion
- Competitive exchange rates
Travel Assistance and Concierge Services
PayPal Credit offers travel assistance and concierge services to its users. These services include travel booking assistance, travel recommendations, and emergency travel assistance. The concierge service can also provide users with personalized travel recommendations and exclusive travel offers. For example, a PayPal Credit user planning a trip to Europe can use the concierge service to book flights, hotels, and car rentals, as well as receive personalized recommendations for restaurants and attractions.
Exclusive Travel Offers and Discounts
PayPal Credit users can also access exclusive travel offers and discounts. These offers can include discounted flights, hotel deals, and package discounts. The offers are typically available for a limited time and can be accessed through the PayPal Credit website or mobile app. According to a study by Skyscanner, users who book their flights and hotels together can save up to 50% on their travel expenses. By using PayPal Credit, users can take advantage of these exclusive offers and discounts to save money on their travel expenses.
- Exclusive travel offers and discounts
- Personalized travel recommendations
- Travel booking assistance
What are the benefits of using PayPal Credit for travel expenses?
+The benefits of using PayPal Credit for travel expenses include travel insurance, trip cancellation insurance, reward points, and no foreign transaction fees. Additionally, users can access exclusive travel offers and discounts, as well as travel assistance and concierge services.
How do I earn reward points on travel purchases with PayPal Credit?
+Users can earn reward points on travel purchases with PayPal Credit by making purchases through the PayPal Credit website or mobile app. The reward points can be earned on flights, hotels, car rentals, and travel packages, and can be redeemed for travel discounts, upgrades, and other travel-related expenses.
Are there any foreign transaction fees associated with using PayPal Credit for international travel?
+No, there are no foreign transaction fees associated with using PayPal Credit for international travel. This means that users can make purchases abroad without incurring additional fees.
In conclusion, PayPal Credit offers a range of travel perks that can enhance the travel experience for its users. From travel insurance and trip cancellation insurance to reward points and no foreign transaction fees, PayPal Credit provides a comprehensive suite of benefits that can help users save money and enjoy a more seamless travel experience. By understanding the benefits and features of PayPal Credit, users can make the most of their travel expenses and enjoy a more rewarding travel experience.
