Different types of travel credit cards and their benefits
Travel credit cards can be used for expenses you accumulate from traveling, such as airfare, hotels, and rental cars. The way they work is by giving you a certain amount of rewards or points for eligible purchases you make. The exact purchase requirements will differ and some creditors will give you a lower number of rewards than others. Not only are we going to take a look at 5 of the best credit cards for traveling, but we’re also going to talk about their benefits.
Chase Freedom Unlimited®
The Chase Freedom United is a great option for those that want to earn cashback on their purchases. You’ll need to have good or excellent credit and there isn’t an annual fee. APR rates can be anywhere between 14.99% and 23.74%, depending on your credit score and financial profile. Some of the awesome benefits are listed below.
- If you spend $500 in the first 3 months of opening your account, you’ll get a bonus of $200.
- Grocery store purchases will give 5% cashback.
- There isn’t a minimum amount needed for redemption.
- Travel purchases get 5% cashback, while restaurants or drugstores get 3%, and all other purchases get 1.5%.
- It has low cash advance and balance transfer fees.
The Platinum Card® from American Express
The next card we’ll talk about is The Platinum Card from American Express. Not only will you need good to excellent credit, but you’ll also have to pay an annual fee of $550. The APR will differ depending on your payment habits over time and those with good habits will have lower rates than those that don’t. Some of the best benefits are listed below.
- If you spend at least $5,000 in the first 6 months, you’ll get a bonus of 75,000 points.
- Purchases that are made at gas stations or supermarkets in the U.S. will get 10x the points, as long as it’s an eligible purchase.
- Flights that are booked with American Express Travel or with the direct airline will get 5x the points.
- You’ll get free access to premium lounges across thousands of airports around the world.
- You’ll get free benefits at over 1,000 different hotels around the world.
Capital One Venture Rewards Credit Card
With a low annual fee of $95 and a variable APR between 17.24% and 24.49%, this is a great option for almost anyone. While you’ll need to have good to excellent credit to get approved, those with better credit scores and financial profiles will have a lower APR. Take a quick look at some of the top benefits below.
- No fees when you do a foreign transaction.
- You’ll get 2 reward miles for every dollar you spend.
- If you spend at least $3,000 in the first 3 months, you’ll get a one-time bonus of 60,000 miles.
- Your miles won’t expire as long as you keep the account active and in good standing.
- There’s no fee for a balance transfer.
Chase Freedom Flex℠
If you’re looking for something with no annual fee and a variable APR, then the Chase Freedom Flex credit card might be a perfect fit. The APR goes between 14.99% and 23.74%. Keep in mind, you’ll need good or excellent credit scores to get approved. Some of the great travel benefits of this card are listed below.
- You have 15 months of 0% APR.
- If you spend at least $500 in the first 3 months, you’ll get a one-time bonus of $200.
- Purchases that come from grocery stores besides Walmart or Target will get 5% cashback.
- There’s no minimum requirement for redemption.
- Each quarter, new categories are added for earning 5% cashback.
Delta SkyMiles® Gold American Express Card
This particular credit card is a great option for those that regularly use Delta Airlines. You’ll need good to excellent credit and the APR ranges between 15.74% and 24.74%. For the first year, you won’t have any annual fee, but every year after that will require a fee of $99. Below we have listed some great benefits of this card.
- If you spend at least $1,000 in the first 3 months, you’ll get 35,000 bonus miles.
- If you spend at least $10,000 in 1 year, you’ll get an airline credit of $100.
- Flights with Delta will give you your first checked bag for free.
- All eligible purchases will 1x miles.
- No fees for foreign transactions.
These are 5 of the best credit cards for traveling, but you can find others as well. You’ll want to look at the exact terms, so you have a better idea of what your personal rates will look like. If you have any questions, don’t be afraid to reach out to the company providing the card and see if they can answer your questions. Keep in mind, travel is currently restricted, so you can earn a lot of points or rewards now that can be redeemed later.Use promo code SPRING10 and get $10 off your first box of beach-inspired apparel and accessories delivered 4x per year with $250+ retail value inside each box for a fraction of the price.