Which Rewards Cards are Best for Vacation Rentals?

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When you love to travel but don’t necessarily adore hotels, vacation rentals are easily the best alternative. With an Airbnb-style rental or vacation condo, you don’t have to cram your entire family into a hotel room. Plus, you can also score more room to move around, along with a shared living space and kitchen for meal preparation — so you don’t have to pay to eat out at every meal.

But, the biggest benefit of vacation rentals comes in when it’s time to go to sleep. If you’re traveling with children or extended family and don’t want to share sleeping space, you can book a vacation rental with more than one bedroom.

In a lot of ways, renting a vacation condo is more like staying in someone’s home than staying in a hotel. You get more space, and can often score a reasonable price: Many properties you can rent through VRBO or HomeAway offer much lower rates than you’d find if you tried to book a similarly-sized hotel room. And you may even get the amenities of a big resort, too — such as a pool, hot tub, gym, or on-site restaurant.

Five Travel Rewards Cards Ideal for Airbnb Travelers

While one of the biggest gripes people have about vacation rentals is that they’re not as easy to book with rewards points, you can pay for rental condos with points if you have the right rewards credit card. Here are five rewards cards that work perfectly, allowing you to redeem points for vacation rental stays.

Capital One® Venture® Rewards Credit Card

The Capital One® Venture® Rewards Credit Card may be the ideal rewards card to cover vacation rentals, and for more than one reason. First off, this card offers 2x miles for each dollar you spend, a huge signup bonus. Second, you can redeem your miles for any travel experience you want at a rate of one cent per mile.

Let’s say you managed to rack up 75,000 miles with this card after earning the signup bonus and using your card for regular spending. At that point, you would have $750 in travel credit you could use to pay for part or all of a rental condo of your choosing.

Redeeming your miles is also easy as pie since you can use the miles to erase all or part of travel purchases from your bill. The key to making this work is ensuring your vacation rental will code as travel on your credit card statement.

Capital One® Venture® Rewards Credit Card


Highlights
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • New! Earn 10 miles per dollar on hotels when you pay with your Venture card at hotels.com/venture; learn more at hotels.com/venture
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that

Discover it® Miles

The Discover it® Miles is another card option that makes booking vacation rentals with points easier than ever. This card doles out 1.5 miles for each dollar you spend. However, Discover will also double the miles you earn in the first year, bringing your year-one haul to three miles per dollar.

Redeeming your miles is also easy since you’ll cash them in at a rate of one cent per mile to cover travel expenses on your bill. So, you can use your Discover it® Miles to pay for your vacation rental when you’re ready, then cash in your miles to cover part or all of the expense.

The best part about this card is that, unlike many of the other top travel credit cards, it doesn’t charge an annual fee. On the flip side, it doesn’t offer a signup bonus.

Discover it® Miles


Highlights
Card Highlights Provided by Discover:
  • We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
  • Unlimited 1.5x Miles per dollar on all purchases, every day, with no annual fee.
  • No Blackout Dates - fly any airline, stay at any hotel.
  • Redeem your Miles as a statement credit towards travel purchases.
  • Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
  • No Annual Fee.

Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card is another travel card that works well for vacation rentals, and there’s more than one way to use it. This card is also a good one to have in terms of long-term earnings since it offers 2x points on travel and dining, 1x points on all other purchases, and a big signup bonus.

On the redemption side, keep in mind that you can redeem Chase Ultimate Rewards points for statement credits at a rate of one cent per point (i.e. exchange 50,000 points for $500 in statement credits). For that reason, you can redeem your points for any purchase you want, including vacation rentals.

But, you may also be able to book vacation rentals through the Chase Ultimate Rewards portal, depending on where you stay. While options are limited in some cases, it’s not uncommon to see two- or three-bedroom condos bookable directly with points. The advantage of booking through the portal is that the Chase Sapphire Preferred® Card offers 25% more value when you book with points. So, you may fork over fewer points for the same condo with this strategy.

Chase Sapphire Preferred® Card


Highlights
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

Barclays Arrival® Premier World Elite Mastercard®

The new Barclays Arrival® Premier World Elite Mastercard® is another winner when it comes to booking vacation rentals with points. This card lets you earn 75,000 miles each year if you spend $25,000 on purchases.

Once you’re ready to book a vacation rental, you’ll use your card to pay for the expense, then redeem your miles for all or part of the bill at a rate of one cent per point. To make this work, however, the redemption needs to be over 10,000 miles ($100+) and it needs to code as travel on your credit card bill.

This card does come with a $150 annual fee, but additional perks like a Global Entry credit and LoungeKey airport lounge access could make it worth it, depending on how often you travel.

Barclays Arrival® Premier World Elite Mastercard®


Highlights
  • 75,000 miles each year if you spend $25,000 on purchases
  • Global Entry - Expedite your Re-entry with a $100 automatic statement credit for the cost of one Global Entry application fee every five years
  • Mastercard® Airport Experience provided by LoungeKey enhances your travel experience with access to over 800 lounges worldwide. Fees apply
  • No foreign transaction fees on purchases made while traveling abroad
  • International Chip and PIN provides maximum global acceptance with chip and PIN capability for use at self-service chip terminals around the world.

Bank of America® Travel Rewards Credit Card

The Bank of America® Travel Rewards Credit Card can be a smart option for travel expenses since you earn a flat 1.5 points for every $1 you spend. There’s no annual fee – and no foreign transaction fees — and you can also score a signup bonus early on. Your points also never expire as long as you have the card.

Like a few other cards on this list, this one lets you redeem your points for statement credits to cover travel expenses. Unlike many hotel rewards cards, this flexibility allows you to price shop and compare vacation rentals to find the best deal, instead of being locked into one hotel brand.

If you find a vacation rental you like for a price you can live with on Airbnb or VRBO, for example, you can use your card to book it and then redeem your points once the charge posts. But, you have the option to shop around for a lower price, so you could book with other travel vendors like Expedia, TripAdvisor, or Priceline, too.

Remember that any travel expense will work, so you could also use your points to book a vacation rental, flights, or a traditional hotel. The choice is up to you.

Bank of America® Travel Rewards Credit Card


Highlights
  • Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
  • 20,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $200 statement credit toward travel purchases
  • Use your card to book your trip how and where you want – you’re not limited to specific websites with blackout dates or restrictions
  • Redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees
  • Comes with chip technology for enhanced security and protection at chip-enabled terminals
  • 0% Introductory APR for 12 billing cycles for purchases, then 16.49% - 24.49% Variable APR
  • Get an additional 10% customer points bonus on every purchase when you have an active Bank of America® checking or savings account
  • If you’re a Preferred Rewards client, you can increase that bonus to 25% - 75%

The Bottom Line

A vacation rental can be better than a hotel because it affords you more space to spread out. Having your own kitchen can also save you money if you’re someone who wants to prepare some meals at home in lieu of dining out.

Fortunately, you can cover the full expense of your trip with the right combination of rewards cards. Or, at the very least, you can rack up some points to pay for part of your trip.

Doing so can reduce the costs of your family vacation, whether you’re opting for a vacation rental at the beach, in the mountains, or near your favorite theme park. By scoring your digs for free or at a discount, you can free up cash to spend on food and fun.

Holly Johnson is an award-winning personal finance writer and the author of . Johnson shares her obsession with frugality, budgeting, and travel at .

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