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Credit Cards

Holiday travel is up to 39% more expensive this year — here's how to save money when traveling home

Travel this year may be a bit more costly, but with some planning, you could lower that cost.

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Craig Hastings | Moment | Getty Images

Holiday travel season is upon us. Whether you're headed home for Thanksgiving or planning a family trip for December, traveling is especially expensive during the holidays. According to data from the travel booking app Hopper, travelers can expect to pay up to 39% more for a round-trip flight around Christmas compared to last year.

Fortunately, there are still ways to avoid parting with a ton of your hard-earned cash. Select has you covered with tips and tricks on how to save money on your upcoming trips, plus a few tips on how to make your journey a bit smoother. 

Get TSA PreCheck and/or Global Entry membership fees refunded

TSA PreCheck and Global Entry are Trusted Traveler program options offered by the US Department of Homeland Security. They allow travelers to spend much less time waiting in the security lines at the airport, which can really come in handy if you're worried about missing your flight. TSA PreCheck costs $78 and while Global Entry costs $100, both need to be renewed every five years (note that Global Entry includes a TSA PreCheck membership). But some people don't know that you can actually have these fees refunded if you have the right credit card on hand.

Capital One Venture X Rewards Credit Card (see rates and fees) get a credit of up to $100 for Global Entry or TSA PreCheck ever four years, which can make signup for either service essentially free. And with the Chase Sapphire Reserve® card, you can get a statement credit of up to $100 every four years to help cover Global Entry or TSA PreCheck application fees.  

Capital One Venture X Rewards Credit Card

  • Rewards

    10 Miles per dollar on hotels and rental cars, 5 Miles per dollar on flights when booked via Capital One Travel; unlimited 2X miles on all other eligible purchases

  • Welcome bonus

    Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening

  • Annual fee

    $395

  • Intro APR

    None

  • Regular APR

    19.99% - 29.99% variable APR

  • Balance transfer fee

    $0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you

  • Foreign transaction fees

    None

  • Credit needed

    Excellent

  • See rates and fees. Terms apply.

Chase Sapphire Reserve®

On Chase’s secure site
  • Rewards

    Earn 5X total points on flights and 10X total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases plus, 10X points on Lyft rides through March 2025

  • Welcome bonus

    Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.

  • Annual fee

    $550

  • Intro APR

    None

  • Regular APR

    22.49% - 29.49% variable

  • Balance transfer fee

    5%, minimum $5

  • Foreign transaction fee

    None

  • Credit needed

    Excellent

  • Terms apply.

 

Use credit card free night certificates when applicable

Some hotel credit cards with annual fees under $100 come with free hotel night certificates, which grant you one free night. This can come in handy to lower the cost of your family holiday getaway or to cover any stops you have on the way home. Credit cards like the World of Hyatt Credit Card and the Marriott Bonvoy Boundless® Credit Card come with free anniversary nights, meaning you'll get one free night on every anniversary of opening your account. To qualify, you'll just need to be a cardholder and pay your annual fee. 

Since the price of your hotel room would probably be more than the credit card's annual fee, it would make sense to apply for one of those cards to save cash on your stay. Plus, you'll can also earn a large heap of rewards from the card's welcome bonus.

The World of Hyatt Credit Card

On Chase's secure site
  • Rewards

    Earn up to 9 points total per $1 spent at Hyatt: 4X bonus points per $1 when you use your card at Hyatt hotels and 5X bonus points per $1 you can earn as a World of Hyatt member

  • Welcome bonus

    Earn 30,000 Bonus Points after you spend $3,000 on purchases in your first 3 months from account opening. Plus, up to 30,000 More Bonus Points by earning 2 Bonus Points total per $1 spent in the first 6 months from account opening on purchases that normally earn 1 Bonus Point, on up to $15,000 spent.

  • Annual fee

    $95

  • Intro APR

    None

  • Regular APR

    21.49% - 28.49% variable

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater.

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

Member FDIC. Terms apply.

Use points to book hotel rooms and flights

To avoid using your savings or racking up credit card debt when buying airline tickets, book by using credit card points, airline miles or hotel points you've accrued throughout the year. If you have enough points, you can use your rewards to book a flight home and/or a hotel room and potentially pay next to nothing.

If you don't already have a nice stack of credit card points to cover your trip, a hefty welcome bonus could give you a quick, and hefty, boost. The Chase Sapphire Preferred® Card lets you earn 75,000 bonus points after you spend $4,000 on purchases in the first three months from account opening. The bonus is worth over $900 toward travel when you redeem through Chase Travel℠, and potentially more if you transfer to one of Chase's partners like United Airlines or World of Hyatt.

The American Express® Gold Card offers a similar bonus — new cardholders earn 60,000 Membership Rewards® points after spending $6,000 on eligible purchases with your new card within the first 6 months of card membership. Terms Apply.

Chase Sapphire Preferred® Card

On Chase's secure site
  • Rewards

    Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, and $50 annual Chase Travel Hotel Credit, plus more.

  • Welcome bonus

    Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠.

  • Annual fee

    $95

  • Intro APR

    None

  • Regular APR

    21.49% - 28.49% variable on purchases and balance transfers

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

  • Terms apply.

 

American Express® Gold Card

On the American Express secure site
  • Rewards

    4X Membership Rewards® points at Restaurants (plus takeout and delivery in the U.S.) and at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X), 3X points on flights booked directly with airlines or on amextravel.com, 1X points on all other purchases

  • Welcome bonus

    Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.

  • Annual fee

    $250

  • Intro APR

    Not applicable

  • Regular APR

    See Pay Over Time APR

  • Balance transfer fee

    N/A

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

  • See rates and fees, terms apply.

 

Use an app to monitor changes in flight pricing

When you're willing to be flexible about the date you plan to fly home on, travel newsletters are a great way to find deals. Scott's Cheap Flights and Travel A Bunch are popular options to help you save money on flights. It's also a good idea to sign up for any airline's sale alerts. The Hopper app is another good option that shows you which dates flight prices will be higher or lower.

Whether it's a booking site, flight comparison algorithm or lower-cost airlines, it's always important to check out the ways you can save on flights. No matter which newsletter or app you use, one of the best ways to score lower priced flights is to book ahead of time because the closer to the flight date, the more expensive tickets usually are.

Bring food to the airport 

This one is pretty simple. Anyone who's bought a snack at an airport knows that it's pricier than what you can make at home or even buy in a regular store. It's often more affordable to just bring a snack from home. Unfortunately, because liquids aren't allowed through TSA, you'll still need to shell out for a bottle of water if you want to stay hydrated on your flight. Alternatively, you can also bring an empty water bottle and fill it up after you go through security. 

If you have to travel internationally, use a card without foreign transaction fees

A foreign transaction fee is an amount charged by a bank or the credit card issuer for any transaction made outside the U.S. If you're constantly paying for things with a credit card internationally, these transaction fees can add up to a lot. To avoid these costs, be sure to use a credit card without foreign transaction fees, or you could be paying 3% or more in addition to what you're buying. Cards like the Discover it® Cash Back card and the Citi Premier® Card are great options when traveling abroad.

Also, if the currency is different from your home country's, always pay in the local currency, or you could accrue fees. Also be aware of this when withdrawing any money from an ATM or if a retailer asks you to choose when swiping your card at the register.

Citi Premier® Card

On Citi's secure site
  • Rewards

    3X points per $1 spent at restaurants, supermarkets, gas stations, and on hotels and air travel, 1X points on all other purchases

  • Welcome bonus

    Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening. Plus, for a limited time, earn a total of 10 ThankYou® Points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel℠ portal through June 30, 2024.

  • Annual fee

    $95

  • Intro APR

    None

  • Regular APR

    21.24% - 29.24% variable

  • Balance transfer fee

    5% of each balance transfer, $5 minimum

  • Foreign transaction fee

    None

  • Credit needed

    Good/Excellent

  • See rates and fees. Terms apply.

 

Discover it® Cash Back

On Discover's secure site
  • Rewards

    Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases-automatically.

  • Welcome bonus

    Discover will match all the cash back earned for all new cardmembers at the end of your first year.

  • Annual fee

    $0

  • Intro APR

    0% for 15 months on purchases

  • Regular APR

    17.24% to 28.24% Variable

  • Balance transfer fee

    3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*

  • Foreign transaction fee

    None

  • Credit needed

    Good / Excellent

  • *See rates and fees, terms apply.

 

Book your flight with a credit card that gives you built-in travel insurance 

Travel insurance can cover expenses ranging from canceled flights to lost bags, and the average cost of travel insurance is 5%-6% of what your trip costs. Without travel insurance, though, refunds can be hard to come by. Fortunately, there are a variety of credit cards with built-in travel insurance to choose from. 

The Chase Sapphire Preferred Card is one great option. The travel protections it offers include: auto rental collision damage waiver, baggage delay insurance and trip delay reimbursement, but note that you must pay for your travel with your card to be eligible for the insurance protections.

Use a card that gives you rideshare rewards 

You might find yourself having to use Uber or Lyft to get to and from the airport when traveling home or going on a trip. Some credit cards will reward you for it, so it's best to use them if you'll be on the go. The American Express Gold Card gives you $10 a month in Uber credits, so your ride home could be discounted or potentially free depending on the cost. Plus, Capital One has recently launched Uber benefits for some of its credit cards, including 10% cash back on Uber rides and Uber Eats orders, plus a complimentary Uber One membership which offers discounts on rides and food delivery, among other benefits.

Bottom line

Traveling during the holidays will always cause a dent in your pocket, but making it home for Thanksgiving doesn't have to be as expensive as you thought. By booking strategically and using the right credit cards, you can save on hotel stays, flights and transportation. 

For rates and fees of the American Express Gold Card , click here.  

For rates and fees of the Discover it® Cash Back, click here.

Information about the Marriott Bonvoy Boundless® Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. 

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
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