The pandemic has upended the travel industry and different parts of the ecosystem are feeling the pain.
First up, travel credit cards.
Credit card companies that offer travel rewards have had to rethink their offerings as flight and hotel bookings remain depressed due to the pandemic and travel restrictions. Hotels that drive bookings through marketing their co-branded credit cards have had to extend expiration on points and allow customers to use their points towards other services.
“Chase just, you know, normally they allow you to use your points for travel credit. They’re now allowing that for groceries and other expenses so take a look at what you’re spending money on and make sure you’re using a credit card that actually gives you bonus points for what you’re spending on, whether that’s groceries or dining,” Brian Kelly, founder and CEO of The Points Guy, a travel and credit-card-rewards website, told CNBC’s