Whether you travel frequently for business reasons or your own personal enjoyment, getting a credit card designed for travel-related expenses can help enhance your experience. A travel rewards card can help you save money on airfare, hotels, and other expenses. Here are five of the best options.
1. Chase Sapphire Preferred
The Chase Sapphire Preferred card is an excellent choice for those who travel regularly. It offers 2 reward points per dollar on dining and travel expenses, as well as 1 reward point per dollar on other purchases. If you spend $4,000 in the first three months of opening an account, you’ll get 50,000 bonus points, which equals $625 when you redeem them through the Chase Ultimate Rewards program. This card has 16.24%-23.24% variable APR. It requires applicants to have a credit score of 690 or above, and it has an annual fee of $95, which is waived the first year.
2. Discover It Miles
This Discover card offers a great way to directly earn travel miles with every purchase you make. Every dollar you spend is worth 1.5 miles. All of the miles you earn in the first year after signing up are automatically doubled, so 10,000 miles will turn into 20,000. Discover also reimburses users $30 worth of in-flight Wi-FI purchases each year. The card has a variable APR of 11.24% – 23.24%. Applicants must have a good or excellent credit score to be approved. There is no annual fee.
3. BankAmericard Travel Rewards
Offered by Bank of America, this travel reward card offers the benefit of being flexible. It gives users 1.5 points per dollar spent, and all rewards can be redeemed toward travel expenses such as airfare. The amount of points you can earn is unlimited, and they don’t have an expiration date. There’s no annual fee, and the card has a variable APR of 16.24%-23.24%. It requires a good to excellent credit rating for approval.
4. Capital One Venture Rewards
This card allows you to earn 2 miles for every dollar you spend. There are no restrictions on categories, so it’s easy to get miles for everyday purchases. If you spend $3,000 within the first 3 months of getting the card, you’ll rewarded with 40,000 bonus miles, which equal $400 in travel expenses. You can use rewards to get statement credits to pay for airfare, hotels, and car rentals. It has a 12.24% – 22.24% variable APR and no annual fee. Good to excellent credit is required for approval.
5. Barclaycard Arrival Plus World Elite MasterCard
This MasterCard allows you to earn 2 points per dollar, regardless of what you’re paying for. Points can be redeemed to pay for airfare from any carrier with no restrictions. If you spend $3,000 in the first 90 days, you’ll earn a signup bonus of 50,000 points, which can be redeemed for $500 worth of travel expenses. The APR is 16.24%, 20.24% or 23.24% based on your credit rating. Like other travel cards, you need good to excellent credit to be approved.