Travel credit card – Superior utilities, complete experience

Owning a travel credit card is not simply a means of payment, but also a powerful tool that helps optimize every travel experience. With outstanding incentives such as accumulating flight miles, reward points, and free airport lounge services, it brings you convenience and maximum savings on every journey. Let’s explore with MSB the utilities that travel credit cards bring to turn each of your trips into a complete and memorable experience.

1. What is a travel credit card?

A travel credit card is a type of credit card specially designed to serve the needs of frequent travelers. Not only a convenient payment method, travel credit cards also bring many benefits and attractive related incentives such as discounts on airfares, hotel rooms, travel tours, and many other services. This is a useful tool to help optimize costs and experiences in each trip, ensuring you can fully enjoy every moment of the journey.

2. Outstanding features of travel credit cards

A credit card is not only a means of payment, but also a powerful assistant helping you enjoy trips more completely and economically. With outstanding features such as convenient payment, price incentives, flexible payment conditions, and quick card opening procedures, it brings you practical benefits, making each journey easier and more interesting. Below are the outstanding features of travel credit cards that you should know to optimize your travel experience.

2.1 Convenient and safe payment when traveling

Travel credit cards help you pay easily and safely everywhere in the world. With high security technology, you don’t need to worry about the risk of theft or fraud. Besides, paying via card helps you avoid carrying a lot of cash, minimizing risks when moving.

2.2 Price incentives: discounts on bookings, hotel rooms, travel tours

One of the biggest benefits of travel credit cards is price incentives. Many banks cooperate with airlines, hotels, and travel companies to provide special discount programs for cardholders. You can save significant costs on airfares, hotel bookings, or travel tours, making your trip more economical.

Cardholders also have the opportunity to receive incentives when playing golf at leading golf courses in Vietnam. Furthermore, customers will receive attractive incentives from famous brands at world-leading shopping centers such as Parco (Japan), Premium Outlet (Australia), Lotte Duty Free (Japan), and many other places.

Cardholders also enjoy special incentives when using aviation, hotel, and dining services. For example, when booking through websites like Traveloka, Agoda, Booking, customers will receive many attractive promotions. Moreover, Duty Free shops at the airport will bring customers opportunities for more economical shopping.

Regarding transportation, customers will enjoy discount incentives when using services like Grab, Be, Taxi, and many other services, making moving more convenient and economical.

2.3 Flexible payment conditions

Travel credit cards often have flexible payment conditions, allowing you to easily pay in installments for large expenses. This helps you manage finances more effectively, without financial pressure during long or expensive trips.

Example: To meet the requirements for issuing and using credit cards of Vietnam Maritime Bank (MSB), customers need to satisfy the following conditions:

• Nationality: Customers must be Vietnamese citizens.
• Age: Customers must be from 18 to 65 years old.
• Income: Customers need a minimum income of 15 million VND per month and this income must be transferred via bank.
• Residence: Customers need to have permanent or temporary residence in provinces or cities where MSB has branches or representative offices.
• Other terms and conditions: Customers need to comply with MSB’s terms and conditions regarding the issuance and use of credit cards. This includes providing full and accurate necessary documents as requested by the bank, as well as committing to use the card for the right purpose and fully paying arising debts according to bank regulations.

2.4 Quick card opening procedure

The process of opening a travel credit card is usually quite simple and quick. Many banks provide online card registration services, helping you save time and effort. You can own a card in a short time, just by providing basic information:    

• Valid ID card (CCCD)
• Residence documents
• Financial capacity profile (According to MSB regulations from time to time)

3. Notes when using travel credit cards

3.1 Choose a card suitable for travel spending needs

Each travel credit card has its own incentives and features. Carefully consider the incentives, fees, and conditions of each card type to choose the most suitable card for your needs and travel style.
For example, if you want a credit card for both travel and shopping with a long interest-free period, then MSB Visa Travel will be a suitable choice for you with the following incentives:

6% cashback for all transactions in the following fields:

• Dining, aviation, hotels
• Duty Free shops
• Transportation (Grab, Be, Taxi,…)
• Travel (Traveloka, Agoda, Booking.vn,…)

Shopping incentives up to 50%: Applied at more than 300 stores in the JOY world of incentives.

Flexible installment feature: Flexibility in payment with installment periods up to 24 months.

Applied to your favorite partners, see details here: 0% interest installment with major partners such as Sendo, FPT Shop, Nguyen Kim, and many other places, see details here.

Maximum interest-free up to 45 days: Peace of mind shopping with a maximum interest-free policy of up to 45 days.

3.1 Annual fee (if any)

Some travel credit cards have an annual fee, which is the amount you must pay annually to maintain the card. Check if the benefits the card brings are worth this fee. Many banks waive the annual fee for the first year or reduce fees for customers with high spending levels. 

This credit card annual fee from 500,000 to 2,000,000 VND is usually a reasonable level if the card brings many incentives and benefits.

For high-end cards with many special incentives, the annual fee can be higher, from 3,000,000 VND and above. Make sure you use all the incentives to take advantage of the card’s value.

3.2 Interest rate (if not paid on time)

Interest rate is an important factor to note when using travel credit cards. If you cannot pay the full monthly balance, interest will be applied and can cause large costs. Therefore, try to pay in full and on time to avoid high interest rates. Below are common interest rate levels in the credit card market if not paid on time:

Average interest rate level: Credit card interest rates usually range from 20% to 50% per year. This rate may vary depending on the bank and card type.

Reasonable interest rates:

• Below 20%/year: This is a quite ideal interest rate, often applied to high-end credit cards or for customers with good credit history.
• From 20% – 25%/year: This interest rate level is considered reasonable and common for many credit cards. If your card has an interest rate in this range accompanied by many incentives, it can be a good choice.
• Above 25%/year: Interest rates above 25% are usually considered high. If you choose a card with such a high interest rate, ensure you have the ability to pay the full monthly balance to avoid large interest costs.

3.3 Conditions for accumulating points, miles

The conditions for accumulating points and miles of each travel credit card can be different. Research carefully how to accumulate and use reward points and flight miles to take full advantage of these incentives. Some cards provide high reward points for travel transactions, while others may offer incentives for daily transactions.

3.4 Cash withdrawal limit

Travel credit cards often have a cash withdrawal limit. When traveling, you may need some cash to spend at locations that do not accept cards. Check the cash withdrawal limit of the card and related fees to have a reasonable financial plan.

A reasonable cash withdrawal limit is usually from 30% to 50% of the card’s overall credit limit. For example, if your credit limit is 100 million VND, then the cash withdrawal limit should be in the range of 30 million to 50 million VND.

Cash withdrawal fees usually range from 2% to 4% of the withdrawn amount, with a minimum fee from 50,000 VND to 100,000 VND. You should check these fees carefully to avoid unnecessary costs.

4. Travel freely, endless incentives with MSB Visa Travel

If you are a travel enthusiast and want to enjoy exciting and economical trips, then the MSB Visa Travel card is the perfect choice for you. With the MSB Visa Travel card, you will accumulate flight miles quickly, enjoy discount incentives on airfares, hotel rooms, and travel tours, along with many other attractive utilities. Not only helping you save costs, the MSB Visa Travel card also brings high-class and more complete travel experiences than ever. Don’t miss the chance to travel freely with endless incentives from MSB Visa Travel!

Receive 6% cashback in the following fields:

• Dining, aviation, hotels
• Duty Free shops
• Transportation (Grab, Be, Taxi,…)
• Travel (Traveloka, Agoda, Booking.vn,…

Incentives up to 50% at more than 300 stores in the JOY world of incentives.

Flexible installments:

• Enjoy flexible installment features up to 24 months with your favorite partners. 0% interest installment at major partners such as Sendo, FPT Shop, Nguyen Kim. See details here.

Maximum 45 days interest-free:

• Peace of mind shopping with a maximum interest-free regime of up to 45 days.

Travel credit cards are not only payment tools, but also reliable companions on every journey. With outstanding utilities such as accumulating flight miles, discount incentives on airfares, hotels, and travel tours, along with flexible and safe payment capabilities, travel credit cards help you enjoy trips more completely and economically. Choose a suitable travel credit card to open up new and memorable experiences in each of your trips.

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