On this page we will discuss the absolute best travel cards and which one is best for you. If you would like see more content then Subscribe here.
How to Choose a Travel Credit Card
First of all, travel credit cards most likely won’t be your first card. Most travel cards will require at least a little foundation of credit and a decent credit score. This does not mean that you need amazing credit! There are different levels of credit cards with travel benefits. This article will outline some of the best travel cards out there and some general requirements for them.
Chase Sapphire Preferred
The Chase Sapphire Preferred is the most popular travel card and for a good reason. To start off this card comes with a 50,000 point bonus when you spend $4,000 in the first 3 months from the account opening. The website says that it is a $625 credit toward travel when you redeem through the Chase Ultimate Rewards site. However, that number can be closer to $750 to even $1500 when using transfer partners (no, really). Note: You can even get an additional 5,000 points to this bonus when you add an authorized user and they make a purchase within the first 3 months.
Aside from the lucrative sign-up bonus, the Chase Sapphire Preferred card offers 2X points on Travel and Dining worldwide. This makes sense for someone that already travels or eats out often. Especially including the fact that Chase has a large number of transfer partners which increases your options for redeeming reward flights.
This card does have a $95 annual fee that is waived the first year. However, this annual fee is almost nothing when you take account for the rewards received. Simply achieving the sign up bonus takes care of the annual fee for at least 7 years (depending on how you redeem the credit).
Nerdwallet recommends a 690-850 credit score. However, having a good foundation of credit already established is necessary. This is not intended to be a beginner card and the chances of being approved is not great. The card does not require a perfect credit score, just history. The 5/24 rule is a strict rule in which you cannot be approved if you have opened 5 credit cards in the past 24 months. If you can get this card then get it!
The Capital One Venture Rewards Card
The Capital One Venture Rewards Card is great for one reason- It’s simple. For this same reason, it has its limitations. A mile=1 cent no matter how you redeem it. This means that you cannot transfer it to a airlines partner and get better value, but it is very straight forward.
New cardholders will get a 50,000 mile bonus after spending $3,000 in the first 3 months. This translates to $500 towards travel. All purchases made on the card earns 2X miles with no exclusions (well, one). The only time this changes is when booking hotels through the hotels.com/venture site where you can earn 10X miles.
This card has a recommended credit score of 690-850 and an annual fee of $95 that is waived the first year. This is the best flat-rate card. It is straight-forward and this is a key factor for many people wanting to travel. I personally like the option to stretch my points further, but this is no doubt a good card.
The Platinum Card From American Express
Let’s start by saying that this is a luxury card. (Hint: $550 Annual Fee) I will not spend too much time talking about this card. I just want to point out a few key benefits and explain why this is regarded as a premium travel card.
A 60,000 Membership Reward points bonus after spending $5,000 in the first 3 months is huge. This is approximately $900-$1800. The card also comes with a $200 annual Uber ride credit. Booking flights directly through an airline or the American Express Travel site will earn you 5X Points. If those weren’t enough, you also get access to the best airport lounges and a ton of other benefits.
This card is for those that can afford to pay a $550 annual fee. Enough said ? If you CAN afford it, and you travel frequently, this card is a great option. If you can’t afford it, join the club of looking and wanting (me too).
Chase Sapphire Reserve
Once again, we will cover this quickly. With an annual fee of $450 and a recommended credit score of 720-850, this card is not for everyone. This is a top tier card that is packed with a ton of benefits.
This card has a 50,000 point bonus after spending $4,000 in the first 3 months. This is a $750 credit when used in the Chase Ultimate Rewards portal (Same story applies- Book through transfer partners and get up to $1500 in value). In addition to the bonus, get a $300 travel credit reimbursement every year. Card holders get 3X points on travel and restaurants worldwide along with access to over 1,000 airport lounges. This is an amazing card, but it is not for everyone.
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Ty : MyTravelResource.com
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