Which of us can truly not be drawn in by the promise of free travel to new and exotic locations? Banks are well aware of this temptation and thus for years have offered travel rewards to their active cardholders. Here–based on value and flexibility–are some of the best travel points credit cards to help you travel in style and comfort:
1. Chase Sapphire Preferred Card
Cardholders are allowed to transfer their other travel points to Chase at full value. This is good because, with a number of credit cards, some value is lost in a transfer. Users of this card also receive 20 percent off all travel that’s booked through Chase’s website.
They also earn double the point value on dining and travel and a point for each dollar they spend on all of their other purchases around the world. They charge no foreign transaction fees and there is no introductory annual fee the first year. There’s also a bonus offer.
Cardholders score 50,000 bonus points when they spend over $4,000 within the first 3 months after opening an account. That converts to $625 in travel when redeemed through Chase Ultimate Rewards. They garner 5,000 bonus points after they add an authorized user and buy anything within the first 3 months.
2. BankAmericard Travel Rewards Credit Card
This BankAmericard gives users 1.5 points for each dollar spent. There’s no limit to the quantity of points earned and there’s no expiration date on the points. If you’re a customer of Bank of America, you score an extra 10 percent bonus customer points bonus on purchases as long as your checking or savings account is active. Users can use points to pay for hotels, flights, vacation packages and there are no restrictions.
There’s no annual fee or foreign transaction fees. Cardholders can get a bonus online, too. Users who spend $1,000 in the first three months earn 20,000 online bonus points. Newbies also receive a 0% introductory APR for the first 12 billing cycles on all purchases.
3. Capital One Venture Rewards Credit Card
This is basically a travel rewards card that will give users two miles for each dollar they spend. They can also get unlimited miles to use for travel purchases of any hotel room or airline ticket and earn more miles. There’s no annual fee the first year and a one-time bonus of 40,000 miles if the cardholder spends $3,000 within the first three months.
4. Gold Delta SkyMiles Card from American Express
With this American Express Gold Delta card, the cardholder gets two miles for every purchase made with Delta and 1 mile for other qualified purchases. There are also a number of specific travel benefits such as priority boarding, discount access to the airport lounge, 20 percent off in-flight purchases and one checked bag is free on every Delta flight. There’s no annual fee the first year and a bonus too.
Spend $1,000 within the first 90 days and earn 30,000 miles. Users also get a $50 statement credit after making a Delta purchase within the same period.
5. Capital One VentureOne Rewards Credit Card
Last but not least, this credit card provides card owners with an unlimited 1.25 miles for each dollar spent. Rewards are lower but the APR range is lower than most credit cards too. They offer a zero percent intro APR for one year with no annual fee and no foreign transaction fees. New users receive a one-time bonus of 20,000 miles if they spend $1,000 within the first three months.
It is also important to remember that these credit cards (and others like them) are only “the best” for individuals who actually pay off their balances in full every month and therefore do not ever incur interest. All others should always choose a credit card with the lowest APR they can get regardless of any benefits offered elsewhere. Think responsibly.
Words of warning aside, if it’s possible to pay off the balance every month, why not choose based on the travel benefits? People who enjoy traveling would do well to apply for any one of the above-mentioned credit cards. Traveling the world can be exciting especially if one can do it for free.