December 13, 2019

Best Travel Credit Cards

Travel credit cards are one of the best ways to get rewarded with valuable offerings. If you travel for business or pleasure or both, this credit card can be a brilliant add-on to make your trips much more exciting. Wonderful perks, like free travel, elite membership with airlines and hotels, free checked bags, complimentary airport lounge access and points or miles for every purchase, could be easily enjoyed with the right Travel credit card for you. Basis what your priorities will be for travel rewards, you could choose the right card which fits your requirements.

List of Top Travel Credit Cards With The Key Pointers 

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Here is the list of cards along with the key pointers which could help you understand the different benefits and perks.

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

The best feature of this card is its travel rewards and the flexibility in earning and redeeming awards.

Highlights:

  • When you spend $4,000 in the first three months of account opening, you earn 60,000 bonus points. When you redeem these points through Chase Ultimate Rewards®, it is equivalent to $750 towards travel.
  • You earn 2 points per dollar spent on travel and dining at restaurants all over the world.
  • You earn 1 point per dollar spent on all other purchases.
  • The points which you earn are transferrable to many travel partners at a 1-to-1 rate.
  • When you redeem points for hotels, airfare, car rentals and cruises through Chase Ultimate Rewards, you get 25% more value. E.g. 60,000 points are worth $750 for travel.
  • With this metal card, you get access to benefits like extended warranty coverage, trip cancellation, and interruption insurance and auto rental collision damage waiver.

Rates & Fees:

  • Issuer Name: Chase
  • Annual Fee: $95
  • Foreign Transaction Fee: $0
  • Credit Requirement: Good or excellent
  • APR: 17.74% – 24.74% (Variable)
  • Penalty APR: None
  • Cash Advance Fee: Either $10 or 5% of the amount of each cash advance (whichever amount is greater)
  • Balance Transfer Fee Either: $5 or 5% of the amount of each balance transfer (whichever amount is greater)

Capital One® Venture® Rewards Credit Card

Capital One® Venture® Rewards Credit Card

The best feature of this card is its travel rewards.

Highlights:

  • Within three months of opening the account, if you spend $3,000 on purchases, you receive a one-time bonus of 50,000 miles which is equivalent to $500 in travel.
  • You earn 2 miles per dollar spent on every purchase made.
  • You earn 10 miles per dollar spent at hotels.com/venture through January 2020 with the Capital One® Venture® Rewards Travel.
  • This card has been awarded as ‘The Best Travel Card’ by CNBC, 2018.
  • You earn up to $100 application fee credit for Global Entry or TSA Pre✓®.
  • There are no blackout dates hence you can fly with any airline and stay at any hotel at any time. You can also transfer your earned miles to more than 12 leading travel loyalty programs.
  • Your miles are valid till the life of the account and you can earn unlimited miles, there is no limit to that.
  • There is no foreign transaction fee.
  • Visa Signature qualifying cardholders can enjoy benefits like travel upgrades and savings, extended warranty coverage, roadside assistance, 24-hour travel assistance services, an auto rental collision damage waiver and emergency card replacement.

Rates & Fees:

  • Issuer Name: Capital One
  • Credit Needed: Good or excellent
  • Annual Fee: $0 for the first year and $95 afterward
  • Foreign Transaction Fee: $0
  • APR: 17.49% – 24.74%(Variable)
  • Penalty APR: None
  • Balance Transfer Fee: None
  • Cash Advance Fee: 3% of the amount of the cash advance

Bank of America® Premium Rewards® Visa® credit card

Bank of America® Premium Rewards® Visa® credit card

The best feature of this card is its relationship rewards for its customers with high balances in checking, savings or investment accounts at Bank of America® or Merrill.

Highlights:

  • Within three months of opening the account, if you spend $3,000 on purchases, you receive50,000 bonus points which hold a value of $500.
  • You earn 2 points per dollar spent on travel and dining at restaurants.
  • You earn 1.5 points per dollar spends on all other purchases.
  • If you are a member of Bank of America Preferred Rewards, you can receive 25%-75% more points on each purchase.
  • You can earn unlimited points, there is no limit to that and they do not expire.
  • You can redeem your points for cashback as a statement credit. They can be deposited into eligible Bank of America® accounts, credited to eligible Merrill accounts, or gift cards or purchases could be made at the Bank of America Travel Center.
  • In cases of combined airline incidental and airport expedited screening statement credits and valuable travel insurance protections, you can receive up to $200.
  • You do not have to pay transaction fees when abroad as there is no foreign transaction fee.

Rates & Fees:

  • Issuer Name: Bank of America
  • Credit Needed: Good or excellent
  • Annual Fee: $95
  • Foreign Transaction Fee: $0
  • APR: 17.49% – 24.74%, variable APR on balance transfers and purchases
  • Penalty APR: up to 29.99% APR
  • Balance Transfer Fee: Either $10 or 3% of the amount of each transfer (whichever amount is greater)

The Platinum Card® from American Express

The Platinum Card® from American Express

The best feature of this card is its luxury benefits to travelers.

Highlights:

  • Within the first 90 days of account opening, if you use this card for purchases worth $5,000, you receive 60,000 Membership Rewards® points.
  • Earn 5 Membership Rewards® points per dollar spent on booking flights directly with airlines or with American Express Travel credit card.
  • Avail of 5 Membership Rewards® points per dollar spent on prepaid hotels booked on amextravel.com.
  • You get free Uber rides in the U.S. up to $15 every month along with a bonus of $20 in December, this can be up to $200 in annual Uber savings. You also get Uber VIP status.
  • Get to enjoy access to their Global Lounge Collection. This is the only Travel credit card airport lounge access program that comprises of more than 1,200 airport lounges around the world.
  • You can avail hotel and resort benefits at certain locations along with perks like daily breakfast for two, late checkout, early check-in and more.
  • Rewarded with complimentary benefits with an average total value of $550 with Fine Hotels & Resorts.
  • Get $200 airline fee credit, up to $200 per year in baggage fees and more with one qualifying airline.
  • You get up to $100 in annual statement credits for purchases made at Saks Fifth Avenue using this card.

Rates & Fees:

  • Issuer Name: American Express
  • Credit Needed: Good or excellent
  • Annual Fee: $550
  • Foreign Transaction Fee: $0
  • Cash Advance Fee: Either $10 or 5% of the amount of each cash advance (whichever amount is greater)

Capital One® VentureOne® Rewards Credit Card

Capital One® VentureOne® Rewards Credit Card

The best feature of this card is its travel rewards with no annual fee.

Highlights:

  • Within three months of opening the account, if you spend $1,000 on purchases, you receive a bonus of 20,000 miles which is equivalent to $200 in travel.
  • You earn 1.25 miles per dollar spent on every purchase made.
  • Earn 10 miles per dollar spent at more than a thousand hotels, through January 2020. You can learn more at com/venture.
  • There are no blackout dates hence you can fly with any airline and stay at any hotel at any time.
  • Transfer your earned miles to more than 12 leading travel loyalty programs.
  • Your miles are valid till the life of the account and you can earn unlimited miles, there is no limit to that.
  • There is no foreign transaction fee and annual fee.

Rates & Fees:

  • Issuer Name: Capital One
  • Credit Needed: Good or excellent
  • Annual Fee: $0
  • Foreign Transaction Fee: $0
  • APR: 13.74% – 23.74% (Variable)
  • Purchase Intro APR: 0% intro on purchases for 12 months
  • Penalty APR: None
  • Balance Transfer Fee: None
  • Cash Advance Fee: 3% of the amount of the cash advance, not less than $10

Basis of your travel needs and yearly travel plans, you should choose the cards which can be a perfect combination of perks, annual fees and other charges involved.

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