Summer is upon us, and many Americans are ready to get outside and do the things they were not able to do last year during the pandemic. According to a report from CNBC, nearly 70% of Airbnb searches for Memorial Day weekend 2021 are for off-the-beaten-path locations that are 50-300 miles from travelers’ homes.
However, travel miles might not make up a large part of the vacation equation. A WalletHub survey found that 55% of respondents have never used credit card rewards to pay for at least part of a vacation. In addition, 77% of people are less interested in travel credit cards now than before COVID, and for those who already have them, 49% don’t use the rewards on their travel cards for anything!
If your credit union is planning to entice their members to sign up for a travel card, the miles they earn on that card need to go toward products and services they will use. Get a sense of their spending habits and how they travel. It also helps to make sure that it’s simple to access and use the miles they earn.