Are travel credit cards worth it?
That depends on how frequently you travel. Your ability to pay off the balance on a monthly basis and whether you can afford to charge your trip to qualify for the rewards are also key factors. Using your travel rewards card to facilitate the bulk of your purchases helps you earn miles quicker. Some cards also grant a bonus when you redeem those rewards for travel.
Do travel credit cards have foreign transaction fees?
Some travel credit cards might come with foreign transaction fees. This means that if you were to use one of these cards, you could get hit with a fee on any souvenirs you purchase abroad. However, some travel credit cards – Chase Sapphire Preferred® Card, for example – waive this fee. It’s wise to your travel credit card provider before you go and make any purchases abroad. The last thing you want to do is sample the local cuisine only to have a foreign transaction fee spoil the mood.
Are travel credit cards good for business travel?
For the most part, travel credit cards can make a welcome addition to any business travelers wallet. Take the Capital One® Spark® Miles for Business as a prime example. When you use this card for your professional expenses, you can earn 2 miles per every dollar spent. Since business expenses can be pretty high, you could actually earn 50,000 miles after spending $4,500 within the first 3 months of opening an account. You can then put those miles toward booking a business trip.
How do travel credit cards work?
In a nutshell, travel credit cards allow you to earn points, rewards, or miles on your travel-related expenses. Some credit cards – like the Capital One® VentureOne® Rewards Credit Card – fall into the fixed value category where each mile is worth 1 cent toward travel. Other cards feature a transferrable pool of points where you can use them in a partner program.
Is a travel credit card right for me?
If you travel frequently, you aren’t brand-loyal (or like to keep your options open), and you can pay off travel-related expenses in full and on time each month, then one of the best travel credit cards could help you save money and earn rewards on your next trip!
Resources for frequent travelers
The science of mastering rewards with your travel credit card is more of a journey than a destination, and even the savviest cardholder still has things to learn along the way.
In addition to rewards, many credit cards also provide travel insurance to help you protect yourself as you ramble around the globe.
The following section offers useful information to help you maximize the benefits of your travel credit card — not just the rewards points, but also insurance and other features that can improve your travel experience.
Do you need additional travel insurance?
Although it’s easy to brush off travel insurance as an unnecessary expense, you should always give it a second look. With all the upheavals that can unravel your travel plans, not to mention your own personal health, you might be wise to purchase a simple travel insurance plan — or at least pay for your trip with a credit card that offers this benefit for free. Your best option might be a combination: buying a travel insurance policy that supplements the coverage provided by your credit card and fills in the gaps.
Which travel credit cards have the best rewards?
If you’re looking for a travel credit card with the best rewards on the market, a great place to start is our in-depth rundown. However, there are lots of options to consider and, at the end of the day, it all boils down to what you want. What are you looking for? Free travel? Free hotel stays? Easy signup bonus requirements? In addition to our reviews, we have also put together this handy travel credit cards directory to help you find the best card for your needs.
What is the best travel credit card for earning miles?
Ultimately, this is a matter of opinion as well as your own personal preference. In general, the most ideal travel credit card for earning miles would be the one that best complements your spending habits. For example, if you’re the type of person who uses their credit card on everything, you’d want a travel card that rewards all of that spending. In this case, I’d tell you that the Capital One® Venture® Rewards Credit Card was a great place to start.
The Capital One® Venture® Rewards Credit Card offers 2x miles for every dollar you spend. That can add up quickly if you’re using the card for groceries, gas, etc. Furthermore, it has a signup bonus of 50,000 miles when you spend $3,000 in purchases in the first three months. Again, not a terribly difficult threshold to hit if you use your travel credit card for everyday purchases.
Research the best travel credit cards
Below is a directory of the most popular travel credit cards. I used this directory as a starting point for my research and analysis on travel cards. The directory is updated weekly to reflect any new changes, to add new cards, and to remove expired cards.
The travel credit cards directory is a sub-directory of rewards credit cards. This directory highlights the most important features specific to travel cards and displays all important information about each card.
Travel credit cards directory
The travel rewards credit card directory lists every travel credit card and high level information for each of the cards, so you can make quick comparisons. In order to rank and value each of these cards, certain features were weighted accordingly based on overall importance to the prospective cardholder.
Sort, filter, or search for what matters most to find the best travel credit card for you.
Perks Tier Level
Sign up Bonus Tier Level
Rewards Tier Level
Good Signup Bonus
Great Ongoing Rewards
No Annual Fee
No Foreign Transaction Fee
The best travel credit cards for 2018
- Capital One® Venture® Rewards Credit Card : Best overall
- Chase Sapphire Preferred® Card : Great for flexible travel rewards
- Capital One® VentureOne® Rewards Credit Card : Best flat-rate travel rewards on a budget
- Discover it® Miles : Best no annual fee travel card
- Bank of America® Travel Rewards Credit Card : Best for Bank of America customers