Travel credit cards offer travel-related benefits, such as waived foreign transaction fees, access to airport lounges, and free hotel night stays. The exact perks depend on the credit card you sign up for, so it’s important to consider your options before acquiring a travel credit card.
You could save a lot of money over the year by using the right travel credit card. Here are the best travel credit cards for 2017 to help you make a good decision based on which would be most beneficial for you:
1. Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card is ideal for foreign travel, easy redemption, and flexible rewards. This travel credit card has a simple earning structure. For every dollar you spend, you earn two miles with the Capital One Venture Rewards Credit Card. Rewards are redeemed as a credit for most travel expenses. One of the reasons this travel credit card is excellent for those who travel out of the country often is there are no foreign transaction fees. It has a sign-up bonus of 40,000 miles if you spend $3,000 on purchases within the first three months of approval. The annual fee for this travel credit card is $59 per year with the first year free. It has a variable APR of 13.24%-23.24%.
2. Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card offers a large sign-up bonus and flexible rewards. Like the Capital One Venture Rewards Credit Card, it’s great for foreign travel. The annual fee is higher at $95 with the first year waived. It also as a higher variable APR of 16.24%-23.24%. The generous sign-up bonus rewards you with 50,000 points if you spend $4,000 on purchases in the first three months after opening the account. This equates to $625 in bonus travel money when redeemed through Chase Ultimate Rewards. With the Chase Sapphire Preferred Card, you earn two points on every dollar spent on dining and travel. Other purchases reward one point per dollar spent. If you book through Chase Ultimate Rewards, point are worth 25% more. You can also choose to transfer your points at a 1:1 ratio to other loyalty programs.
3. BankAmericard Travel Rewards Credit Card
If you’re looking for a good travel credit card without an annual fee, then BankAmericard Travel Rewards Credit Card is one of the best for 2017. This travel credit card also as a 0% intro APR on purchases for 12 billing cycles. After that, the variable APR is 15.24%-23.24%. The penalty APR goes up to 29.99%. The BankAmericard Travel Rewards Credit Card has flexible rewards, easy redemption, and extra perks for customers of Bank of America, Merrill Edge, or Merrill Lynch. You’ll earn 1.5 points for every dollar spent with the card, and each point equates to one cent. If you have an account with Bank of America, Merrill Edge, or Merrill Lynch, then you can earn a bonus of 10%-75% when you redeem points, depending on how much you have in your account.
4. Business Platinum Card
The American Express Business Platinum Card gives you access to the Delta Sky Clubs, Centurion Lounge locations, and priority pass lounges. With this travel credit card, you can transfer membership awards to 20 different airline and hotel partners. If you book through American Express Travel, you’ll earn two points for every dollar on eligible purchases. Purchases that are $5,000 and up generate 1.5 points per dollar. The sign-up bonus allows you to gather up to 100,000 points. You will receive 50,000 points for spending $5,000 in purchases during the first three months of card ownership. If you spend an additional $10,000 within those three month, then you’ll receive another 50,000 points. The membership fee for this travel credit card is $450 per year.
5. Citi Prestige
A Citi Prestige credit card will give you priority pass select lounge access and a $250 air travel credit each year. On air travel and hotel purchases, you’ll earn three points per dollar spent. Dining and entertainment expenses award two points per dollar spent, and all other purchases are one point for each dollar spent. Another benefit of a Citi Prestige credit card is there are no foreign transaction fees and your fourth night is free at hotels when you book four consecutive nights. The Citi Prestige credit card has an annual fee of $450.
If you travel a lot, whether for leisure or business, you should have a travel credit card to save money on your travels. The five credit cards listed above are the best travel credit cards for 2017. They each offer great perks and have good reward programs.