While there are usually terms and conditions that come with these extra perks, travel protections are handy to have especially if you travel frequently. Not only do you get to enjoy peace of mind, you can save quite a fair bit of money just by utilizing the built-in perks your credit card offers. Travel protections can include trip cancellation or interruption insurance, travel accident insurance, auto rental collision damage waiver, baggage delay insurance, trip delay reimbursement, travel and emergency assistance services and more. Scrutinize your credit card agreement carefully to see what kind of coverage your card offers.

Some credit cards let you enjoy $0 foreign transaction fee when you spend in foreign currency (i.e. currency that is not the US dollar) while others impose a 2.7-3% foreign transaction fee on the transaction amount after conversion to US dollars. Although this may not sound like much, if you travel overseas on the regular or if you tend to shop online from international stores, having the $0 foreign transaction fee perk can help you avoid paying these ‘unnecessary' extra charges that can add up very easily. And quickly.

Top-tier travel credit cards usually let card holders enjoy complimentary airport lounge access in addition to a host of other amazing benefits. Free airport lounge access is undeniably a valuable benefit to have; you get to escape the hustle and bustle of the busy airport, unwind, wine and dine, get work done, freshen up, or even nap. The exact amenities you can enjoy depends on the lounge you are using. Although credit cards like Citi® / AAdvantage® Executive World Elite™ Mastercard® and The Platinum Card® from American Express have high annual fees, they give you exclusive access to airport lounges around the world.

Another useful travel perk frequent travelers will appreciate is the ability to transfer rewards points to leading frequent travel programs, such as airline frequent flyer programs or hotel guest loyalty programs. This perk essentially gives you the flexibility of using your rewards points in your own preferred way. Even though some credit card rewards program offer rewards points that do not expire, keep in mind once you transfer your points to your choice of participating frequent travel program, your reward points or air miles are governed by the terms and conditions of your frequent travel program - this means your reward points or air miles may expire after a certain period of time.

Some travel credit cards also let you enjoy complimentary TSA Pre✓® or Global Entry membership when you use your credit card to pay for the 5-year membership. In short, TSA Pre✓ offers expedited security screening perks for flights departing from U.S. Airports. On the other hand, Global Entry provides the TSA Pre✓ benefit in addition to expedited US customs screening for international air travelers when entering the United States.

Denise Bay is a staff writer at GET.com. Email: denise.bay@get.com.