Travel credit cards are a rewards card where you can earn points that can benefit you on your next trip. These cards can help you earn free travel and other travel benefits you may enjoy.
While traveling is not advisable during this time due to the coronavirus pandemic, it is still a good idea to look into travel credit cards—click here for even more information from CNBC. Even without traveling and enjoying its benefits, you can still earn points and rewards by making purchases, so you can enjoy these perks later.
Here are 5 amazing travel credit cards you may want to consider.
1. Chase Sapphire Preferred
The Chase Sapphire Preferred Card is one of the best budget credit cards for those who are new to travel. A popular choice among travelers, Chase Sapphire Preferred is great for those who are regular spenders on travel and other purchases.
You can get a large bonus of 60,000 points for spending $4,000 on purchases. Travel and dining purchases earn two points per dollar. In every Lyft rides you purchase, you can earn 5 points, and you can also earn 25 percent more points when you redeem your travel points through the Chase Ultimate Rewards portal. Additionally, no foreign transaction fees will be charged when you make purchases outside the United States.
However, cardholders will be charged a $95 annual fee. It is also not great for infrequent travelers and minimal spenders as they will not be able to maximize their rewards. It’s also not good for frequent travelers, who will find more value through the Chase Sapphire Reserve.
2. American Express Gold Card
This card offers you 4 rewards points on all dining and shopping expenses worldwide, 3 points on flight purchases that are directly booked with airlines, and 1 point for all other purchases.
One of the greatest benefits you can get from this travel credit card is the yearly statement credits. As a cardholder, you can receive up to $100 of airline fee credit that can cover travel expenses, such as your seat upgrades and baggage fees. Additionally, you can also earn $120 dining credit to cover restaurant expenses.
New cardholders can earn 35,000 membership rewards points for spending $2,000 within the first three months of activating the card.
However, you have to pay an annual fee of $250 to enjoy these benefits, and, additionally, American Express isn’t accepted widely in the United States and abroad.
3. Chase Sapphire Reserve
For those interested in luxury travel, the Chase Sapphire Reserve is for you. Chase Sapphire Reserve offers 3 points on dining and travel purchases and a $300 annual statement credit for travel expenses.
Chase Sapphire Reserve’s luxurious perks and rewards program are what make them a favorite among travelers. Cardholders can earn a statement credit up to $100 to help cover TSA PreCheck application fees. You can also apply for a Priority Pass Select when you travel. This benefit earns you access to over 1,000 airport lounges worldwide. You can also enjoy these lounges’ free amenities such as WiFi, food, and beverages.
In addition to all these benefits, you can 50,000 bonus points after spending $4,000 on purchases in the first three months of your card activation. You also get 50 percent more when you redeem your points for travel. You can even book your flight through Chases Ultimate Rewards.
Chases Sapphire Reserve is a great deal for luxurious travelers, but there is an annual fee of $550 and charging $75 for each authorized user.
4. Wells Fargo Propel American Express Card
Wells Fargo Propel American Express Card is an amazing travel credit card for you if you don’t want to deal with annual fees. With a strong rewards program, Wells Fargo Propel Express Cards gives you a lot of opportunities to earn points in various ways. Cardholders can get 3 points on purchases, such as gas, food deliveries, restaurants, rideshares, flights, hotels, homestays, car rentals, and popular streaming devices. In addition to that, cardholders can receive 1 point on all other purchases.
This card is great for accelerated rewards, and the good news is that the points do not expire while your account is open. New cardholders can also earn 20,000 bonus points after spending $1,000 in purchases within the first three months of their card activation, plus a $200 cash redemption.
Another upside of this card is that there are no fee charges on any purchases you made outside the US, and you can apply for this card even if you’re not a US Citizen.
When you make a reservation through Go Far Rewards, there is no black-out date, but you cannot begin earning points until you reached 2,500 points.
The downside of this travel credit card is that there are offers towards students and no rewards that practice good credit behavior.
5. Bank of America Travel Rewards for Students
Speaking of student-centric rewards, Bank of America Travel Rewards is a good travel credit for you if you are still in school, especially if you plan to study abroad or traveling during school breaks. For new cardholders, there is a bonus of 25,000 points after spending $1,000 within the first three months of card activation. Like Wells Fargo Propel American Express Card, you don’t have to be a US citizen to apply for the card.
Cardholders can receive 1.5 points on every dollar spent on all purchases. You can also get rewards through your statement credit to cover the cost of travel purchases. This card is perfect for students abroad as they don’t get charged with foreign transaction fees. In addition to that, cardholders can redeem their points at any time.
To be eligible in this program, you must be 18 years old or older and also enrolled in school.
Decide on a Travel Credit Card That Fits Your Lifestyle
While there are numerous travel credit card options for you, your lifestyle and your spending habits should be factored into your decision. All these travel credit card options offer great deals, but you need to choose a credit card that fits your needs.
If you like to travel luxuriously and enjoy extravagant perks, then you should consider the American Express Gold Card or the Chase Sapphire Reserve since both of them offer benefits that are suitable for your lavish lifestyle.
With that being said, you should do thorough research on which travel credit card is suitable for you, so you can make the most out of its rewards.
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