How to save money on travel
Travelling on a budget doesn’t always conjure the most enticing experience. Crowded economy flights, cheap hotel rooms, and bad food may be cheaper, but they’re not all that enjoyable.
Fortunately, you don’t have to sacrifice experience to save money on travel. While you might not get the lowest fare out there, making cost-conscious decisions about travel can help you have a great time without breaking the bank. For a more affordable vacation that doesn’t involve any mystery smells, consider these money-saving travel tips.
Decide on your travel non-negotiables
When it comes to travel, everyone’s ready to make your experience just a little bit better for just a little more money. A quicker ride, a comfier seat, a prettier view, and a glass of champagne are just a checkbox away.
All these little extras can add up fast, however. And whether they actually enhance your experience enough to justify the expense is a personal choice. By being deliberate about what you will – and won’t – spend money on while traveling, you can keep the right balance between comfort and saving. Consider whether it’s worth spending on things like:
- Direct flights. How much travel time are you willing to add to save money? Adding a stop can save you 25% or more, but it can also add hours to your travel time.
- Flight extras. Getting the lowest airfare usually means giving up your right to select your seat, check a bag, and make changes to your itinerary. Ask yourself whether it’s worth the $20 to sit a bit closer to the front.
- Ground transfers. You can save money when you land by choosing public transportation, but it can also be a big pain. Give some thought to how much you’re willing to spend to save time on the ground.
- Hotel upgrades. Sometimes the hotel can make or break a vacation, but sometimes it’s just a place to sleep. Think about whether you really need a jacuzzi and ocean view or if you can have just as good a time going without.
Find cheaper ways to stay
Staying off the beaten path – or even right next to it – can be a great way to save and get better value for your money.
Let’s take a look at Walt Disney World Resort in Orlando, Florida as an example. The cheapest room at a Disney Resort Hotel costs about $1,800 for seven nights. That includes two queen beds, a free shuttle to the parks, and not much else. A family suite with beds for six and a kitchenette costs closer to $5,000 – a steep price for a microwave and minifridge.
A quick search on Airbnb for the same dates shows hundreds of listings in the area with a kitchen, as well as multiple bedrooms and bathrooms, with prices starting from under $900 including taxes and fees. You can rent a car for the week for another $800, giving you the freedom to explore everything Orlando has to offer for less than the lowest price at a Disney Resort Hotel. Many of these nearby Airbnb stays have pools, hot tubs, and other resort-like amenities that are probably a lot less crowded than you’ll find inside the resort.
Beat the restaurant bill by making your own snacks and meals
Trying the local cuisine is always a travel highlight, and it can get expensive if you’re eating every meal at a restaurant. You can save money on food and drink by planning to make at least a few meals for yourself.
Fortunately, going to a foreign market can be an adventure in itself. You never know what kind of local produce, meats, and cheeses you’ll find for a fraction of what you’d pay at a restaurant. And there’s bound to be something there to try you’ve never seen before.
If going to the market isn’t your idea of fun, look for more affordable options that can be just as fun and delicious as an expensive meal. Look for deals at small shops and street vendors away from tourist areas to get authentic cuisine for less. If you have to eat it standing up, chances are it’s delicious.
Even if you’re not all that adventurous, you can save a fair bit of money by taking care of your own breakfast and snacks. A bowl of cereal in the morning might not scream “holidays,” but it might free up some cash to try a restaurant you’ve had your eye on.
Rethink your itinerary with your budget in mind
Planning a vacation can be almost as much fun as going on a vacation. Having a detailed plan can also help you spot opportunities to save money.
A great way to save money on travel is to just slow down a little. It’s natural to want to see everything all at once, but you might have a better experience by planning to do less. Planning one excursion per day instead of two gives you more time to enjoy the experiences you’re paying for and frees up time for unstructured exploration.
If you can’t stand having open time in your schedule, look for things to do that are free or cheap. Visit parks, go hiking, visit local festivals, or find a picnic spot for an experience that won’t add to your credit card bill.
Go during the off-season
You can save money and get a unique experience by travelling during the off-season. You’ll find different weather, fewer crowds, and better deals on flights, hotels, and experiences.
When tourists flock to Europe in the summer and early fall, you can find great deals on all-inclusive resorts in the Caribbean. A seven-day all-inclusive in the Dominican Republic costs as little as $825 per person in September, but the best price jumps to $1,055 in November and over $1,100 in January.
When everyone is heading south for an all-inclusive break from the winter weather, you’ll find deals on vacations in Europe. A week in France starts at around $1,800 per person in August, but you can go for closer to $1,400 per person if you’re willing to go in late November.
Check out your credit card rewards
Your credit card may hold the key to better deals on travel. With the right card, you can get discounts on hotels and car rentals, perks like free checked bags and airport lounge access, and travel insurance coverage included.
For example, you can get a free night each year with the Marriott Bonvoy American Express Card. You also get complimentary Marriott Bonvoy Silver Elite status, five times the points on Marriott purchases, and excellent travel insurance coverage.
Best for Hotel stays
based on spending $2,200/mo after $120 annual fee
- Earn rewards
2pts – 5pts / dollar earn rate
- Welcome bonus
80,000 bonus points (a $936 value)
- Annual fee
$120
Perks
- Travel to new heights with the Marriott Bonvoy® American Express®* Card
- Earn up to 80,000 Points:
- New Marriott Bonvoy® American Express®* Cardmembers, earn 65,000 Welcome Bonus points after you spend $3,000 on your Card in your first 3 months of Cardmembership
- Plus, earn an additional 3 points for a total of 5 points on every $1 spent on eligible travel and gas purchases in your first 6 months (up to 15,000 points)
- Offer ends May 6, 2024
- Earn 5 points for every dollar in eligible Card purchases at hotels participating in Marriott Bonvoy®
- Earn 2 points for every $1 in all other Card purchases
- Receive an Annual Free Night Award for up to 35,000 points at eligible hotels and resorts worldwide every year after your first anniversary
- No annual fee on Additional Cards
- Redeem points for free nights with no blackout dates at over 7,000 of the world’s most desired hotels
- Automatic Marriott Bonvoy Silver Elite status membership
- Receive 15 Elite Night Credits each calendar year with your Marriott Bonvoy® American Express®* Card. These can be used towards attaining the next level of Elite status in the Marriott Bonvoy program
- Enjoy an automatic upgrade to Marriott Bonvoy Gold Elite status when you reach $30,000 in purchases on the Card each year or when you combine 10 qualifying paid nights within one calendar year with the 15 Elite Night Credits from your card
- American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply
Ratehub’s take
The Marriott Bonvoy American Express Card is tailor-made for hotel rewards, making it an excellent choice for frequent travellers who want to stay in style. It’s one of the best travel credit cards in Canada.
Pros
- Extensive hotel network: Access more than 7,000 hotels worldwide under the Marriott Bonvoy loyalty program
- Annual free night: Enjoy an annual free night’s accommodation at any Marriott Bonvoy hotel
- Silver Elite status: Receive complimentary Marriott Bonvoy Silver Elite status, which can get you exclusive discounted rates and higher points earn rates
- Points earning: Earn five Bonvoy points for every $1 spent on eligible card purchases at hotels participating in the Marriott Bonvoy® program, and two Bonvoy points per dollar on all other card purchases
- Versatile redemption: Redeem points for free nights at more than two dozen hotel brands, including Marriott, Starwood Hotels and Resorts, W Hotels, St. Regis, Ritz Carlton, Sheraton and Delta
Cons
- Travel insurance limitations: The card does not include travel emergency medical insurance within its insurance package
- Points worth less for flights: While you can transfer your Marriott Bonvoy points to other flight reward programs, they are worth less at a ratio of 3 points = $1
Eligibility requirements
Minimum credit score: 725
Minimum income: N/A
Interest rates
Purchase interest: 20.99%
Cash advance: 21.99%
Balance transfer: N/A
Or with the Scotiabank Passport Visa Infinite Card, you can get six complimentary airport lounge passes, a complimentary Avis Preferred Plus membership for discounts on rental cars, great travel insurance coverage, and no foreign transaction fee when you use your card outside of Canada.
Best for Travel perks
based on spending $2,200/mo after $150 annual fee
- Earn rewards
1pt – 3pts / dollar earn rate
- Welcome bonus
30,000 bonus points (a $300 value)
- Annual fee
$150 $0 first year waived
Perks
- Ratehub.ca’s 2024 Credit Card Award Winner
- Earn up to $1,300* in value in the first 12 months, including up to 40,000 bonus Scene+ points and first year annual fee waived¹
- Earn 3x Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating
Co-ops and more - Earn 2x Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligble entertainment puchases and eligible daily trasit options(including rideshares, buses, subways taxis and more)
- Plus earn 1 Scene+ point for every $1 spent on all other eligible everyday purchases
- No Foreign Transaction Fee
- 6 Complimentary Airport Lounge Access
- Comprehensive Travel Insurance coverage
- Visa Infinite* Concierge Services
- Visa Infinite* Hotel Collection
- Visa Infinite* Dining and Wine Country program
-
Rates, fees and other information are effective as of Jan.4, 2024. Subject to change
Features
Ratehub’s take
The Scotiabank Passport Visa Infinite card makes a great vacation companion, designed for Canadians who travel abroad and explore the world. It is one of the few cards that covers foreign transaction fees, and also includes valuable travel benefits like airport lounge access.
Pros
- No foreign transaction fee: Save 2.5% on all non-Canadian currency purchases
- Scene+ points: Earn three Scene+ points per $1 spent at participating grocery stores (e.g., Sobey’s, IGA, and FreshCo) and two Scene+ points per $1 spent on eligible grocery, dining, entertainment, and daily transit purchases
- Flexible redemption: Enjoy flexible point redemption options including for travel, groceries, statement credits, gift cards, and movie tickets
- Airport lounge access: Access airport lounges with six free visits per year to over 1,200 lounges worldwide
- Visa Infinite benefits: Benefit from the Visa Infinite Luxury Hotel Collection, Visa Infinite Dining series, and complimentary Avis Preferred Plus membership
- Comprehensive travel insurance: Enjoy coverage for emergency medical, trip cancellation/interruption, flight delays, and more
Cons
- Annual fee: The annual fee of $150 is higher than some comparable cards
- Low point return: The earn rate for certain spending categories like dining and entertainment is lower compared to other cards
- Consistent point values: Travel points are always worth one cent per point and you can’t transfer your points to other airline rewards programs like you can with some Amex cards
Eligibility requirements
Minimum credit score: 725
Minimum income: $60,000/yr
Interest rates
Purchase interest: 20.99%
Cash advance: 22.99%
Balance transfer: 22.99%
And with the TD Aeroplan Visa Infinite card, you can get free checked bags for yourself and your travelling companions on Air Canada flights, a $100 rebate on your bi-annual NEXUS application, full travel insurance coverage, and a healthy welcome bonus - earn a welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card; earn 20,000 Aeroplan points when you spend $6,000 within 180 days of Account opening. Conditions apply. Account must be approved by June 3, 2024.
Best for Aeroplan Points
based on spending $2,200/mo after $139 annual fee
- Earn rewards
1pt – 1.5pts / dollar earn rate
- Welcome bonus
30,000 bonus points (a $432 value)
- Anniversary bonus
20,000 pts (a $288 value)
- Annual fee
$139
Perks
- Earn up to $1,200 in value†, including up to 50,000 Aeroplan points† (enough for a round trip to New York City†) and additional travel benefits. Account must be approved by June 3, 2024.
- Earn a welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card†
- Earn 20,000 Aeroplan points when you spend $6,000 within 180 days of Account opening†
- Plus, earn a one-time anniversary bonus of 20,000 Aeroplan points when you spend $10,000 within 12 months of Account opening†
- Enroll for NEXUS and once every 48 months get an application fee rebate†
- Plus, share free first checked bags with up to 8 travel companions†
- Earn Aeroplan Points on your everyday purchases
- Travel with confidence with Travel Medical Insurance†
- Complimentary Visa Infinite* Concierge service† available 24/7
- Earn 1.5 points† for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®) made with your card
- Earn 1 point† for every $1 spent on all other Purchases made with your Card
- Earn points twice when you pay with your Card and provide your Aeroplan number at over 150 Aeroplan partner brands and at 170+ online retailers via the Aeroplan eStore (www.aeroplan.com/estore).
- Your Aeroplan Points do not expire as long as you are a TD® Aeroplan® Visa Infinite* Cardholder in good standing.
- Earn big rewards on the little things: Earn 50% more Aeroplan Points and 50% more Stars at participating Starbucks® stores. Simply link your TD Aeroplan Visa Infinite Card to your Starbucks® Rewards account. Conditions apply.
- †Terms and conditions apply.
- Financial institutions pay us for connecting them with customers, including by paying for advertisements, clicks, or when someone applies for/is approved for a product. Terms and conditions apply between you and the provider of the product – please be sure to review them. Product information and details vary for Quebec. The content provided on our site is for information only; it is not meant to be relied on or used in lieu of advice from a professional. Partners/Advertisers are not responsible for the accuracy of information on our site. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.
Features
Ratehub’s take
For Aeroplan clients and frequent Air Canada fliers, the TD Aeroplan Visa Infinite card offers exceptional benefits for earning more points to redeem on airline travel.
Pros
- Aeroplan redemption: Redeem Aeroplan points for flights on Air Canada or over 27 Star Alliance member airlines, including United Airlines and Lufthansa, to name a few
- Air Canada perks: Access Air Canada perks, including the first bag checked free for the primary cardholder and up to eight travel companions, potentially saving up to $30 per traveller on flights across Canada and the US. Plus, earn credits towards achieving elite airline status
- Nexus Membership reimbursement: Receive up to $100 in Nexus Membership reimbursements every 48 months, making for smoother cross-border travel within Canada or to the US
- Comprehensive travel insurance: Enjoy a strong travel insurance package, including up to 21 days of out-of-province/country medical emergency coverage, flight delay insurance, lost/delayed baggage insurance, and even hotel/motel burglary insurance for stays within the US and Canada
- Double Aeroplan points: Get double the Aeroplan points when using this card along with your Aeroplan card at participating retailers
Cons
- Annual fee: The card’s annual fee is $139, which is slightly higher than the $120 typically found on comparable rewards cards
- Complex points program: The Aeroplan points program isn’t the most straightforward, and it can take some effort to understand how to best maximize points. Note that Aeroplan points can only be redeemed on Air Canada and Star Alliance Members
Eligibility requirements
Minimum credit score: 660
Minimum income: $60,000/yr
Interest rates
Purchase interest: 20.99%
Cash advance: 22.99%
Balance transfer: 22.99%
All of these cards also let you earn points you can use to get free travel rewards. Depending on which card you choose, you can use points to book travel directly, use them to get a credit on your bill, or both.
The bottom line
Saving money on travel is about making smart choices that don’t take away from your experience. Get a better deal on your next trip by being realistic about what you do and don’t need, being practical about flights, accommodations, and food, and choosing the right rewards credit card for your needs.
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