We do receive compensation from some partners whose offers appear on this page. $120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. I love my tennis shoes, but they wouldn’t be my choice for a job interview or a formal event. On Related: Capital One Venture vs. Capital One VentureOne. You’ll earn rewards that are redeemable for a particular hotel program, such as Hilton or Marriott. Finding the best travel credit card in 2020 relies in large part on finding the credit card company with the rewards program you like the most. There are no travel credits to offset the cost of the annual fee, but you only have to spend $2,375 on dining and travel each year to make the annual fee worth it ($2,375 x 2 points per dollar = 4,750 points; 4,750 points x 2 cents per point = $95). Earn 10x points on eligible purchases on your new Card at U.S. Gas Stations and U.S. Supermarkets, on up to $15,000 in combined purchases, during your first 6 months of Card Membership. Related: The best cash-back credit cards for 2020. Chase has added new non-travel redemption options for your points. That's $750 toward travel when you redeem through Chase Ultimate Rewards®. Copyright, Trademark and Patent Information, Best Travel Rewards Credit Cards of December 2020. Why it’s worth it: It’s not just the 75,000-point welcome offer that lands this card on our list of the most valuable travel credit cards. By far the aspect of business credit cards that makes the financing option stand out more than loans or traditional lines of credit is the rewards potential. The Ascent does not cover all offers on the market. You’ll get up to $200 in annual airline fee credits, up to $200 in Uber credits, up to $100 in credit at Saks Fifth Avenue and up to $100 credit for your Global Entry or TSA PreCheck application fee once every four years. Best Card for Frequent Travelers: The Chase Sapphire Reserve® card offers 3X points on travel and dining, while also giving a huge signup bonus, a $300 annual travel credit, and 50% more value per point when redeemed for travel through the Chase Ultimate Rewards portal. Travel rewards cards are a good idea if you normally travel at least two or three times per year. Rating image, 4.5 out of 5 stars. You’ll get extended warranty, too — double the manufacturer’s warranty or up to one extra year for warranties of three years or less, with a maximum of $10,000 per claim and $50,000 per cardholder. Our ratings are based on a 5 star scale. See, Delta SkyMiles® Platinum American Express Card, Alaska Airlines Visa Signature® credit card, Capital One VentureOne Rewards Credit Card, Hilton Honors American Express Aspire Card, Citi® / AAdvantage® Platinum Select® World Elite Mastercard®, Global Entry or TSA PreCheck application fee, several airline and hotel transfer partners, fixed-value redemption options for this card, The Points Guy — Brian Kelly — can’t live without, valuable, transferable Chase Ultimate Rewards points, Global Entry or TSA PreCheck application fee credit, $120 in food delivery credits with DoorDash, including trip cancellation/interruption insurance, 5 reasons to get the Chase Ink Business Preferred credit card, How ExpertFlyer helped me score a first-class experience of a lifetime, Hilton Honors American Express Aspire Credit Card review, Delta SkyMiles Platinum American Express Card, relaunched all seven of their cobranded cards, Marriott Bonvoy Boundless credit card review, Alaska Airlines Visa Signature credit card, Alaska Airlines miles are among the most valuable, American Airlines and Alaska Airlines are renewing (and strengthening) their partnership, Maximizing the Alaska Airlines Visa Companion Fare. Check out our beginner’s guide to all things points and miles. Although it's possible to get a travel card with a lower credit score, you'll have lower approval odds. This list encompasses a broad range of exceptional travel credit cards (including a few that are likely to bring home awards from this year’s TPG awards), all considered the best in their own categories. The best travel credit cards will save you money and upgrade your travel experience. For example, an airline card may offer free checked bags, a certain number of elite-qualifying miles to help you reach status, priority boarding privileges, inflight discounts and more. The Bank of America® Travel Rewards Credit Card allows cardholders to earn unlimited rewards points that can be redeemed for blackout-free flights, hotels, vacation packages, rental cars, or baggage fees. UNLIMITED BONUS: Only Discover will automatically match all the Miles you’ve earned at the end of your first year. Rewards rate: You’ll get a flat 1.25 miles per dollar on all purchases, which equates to a solid 1.75% return. I love to travel. For example, you can redeem your Amex Membership Rewards points as a statement credit — through Amazon, for gift cards and more — but you’re generally only getting the best value when you transfer your points to partners. Why it’s the best travel credit card for worldwide dining: The Amex Gold earns 4x on dining around the globe, with no foreign transaction fees (see rates and fees), meaning you’ll get an 8% return on purchases (based on TPG’s valuations). It’s how we make money. This post contains references to products from one or more of our advertisers. But when it comes to transfer partners, the value you’re getting can also change drastically depending on the partner and redemption you book. Please view our advertising policy page for more information. Why it’s the best travel credit card for airline rewards: When it comes to cobranded airline cards, it doesn’t get much better than Delta’s lineup of cards. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. As a general rule, the more you travel, the more value you'll get from a travel credit card. The information for the Bank of America Premium Rewards card has been collected independently by The Points Guy. Others may not be widely accepted overseas. Capital One® VentureOne® Rewards Credit Card is temporarily unavailable on The Ascent. 2 stars equals Fair. Right now, new cardholders also get 10x at U.S. supermarkets and U.S. gas stations (up to $15,000 in combined purchases) for the first six months of account opening. Fixed-value cards earn points or miles that are always redeemed for the same value. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions. You can unsubscribe at any time. Travel benefits: You get an application-fee credit for Global Entry or TSA PreCheck of up to $100 every four years, a nice perk for a mid-tier card that only costs $95 a year. But cardholders who maximize the perks and rewards structures on these cards will almost always come out net-positive by the end of the year. Current bonus: Earn 50,000 bonus miles after you spend $2,500 in the first three months of account opening. The card details on this page have not been reviewed or provided by the card issuers. But rather than limiting that credit to airline incidental fees such as competing cards do, you can use it to offset several travel expenses … You can use those valuations to determine how much a sign-up bonus or bonus category is worth. Rewards rate: Earn 6x at participating Marriott Bonvoy hotels and 2x on all other purchases. Plus, that $300 annual credit has been expanded through June 2021, with any balances being automatically applied to purchases at grocery stores and gas stations through the end of 2020. Transferable rewards give you the flexibility to redeem your rewards in a way that will be most beneficial to you. Discover is accepted nationwide by 99% of the places that take credit cards. The information for the Capital One Savor Cash Rewards Credit Card has been collected independently by The Points Guy. Fans of DoorDash food delivery service can take advantage of at least a 12-month DashPass membership. And if you’re typically a road warrior who flies every week, you’ll want to think about a premium travel credit card that offers lots of travel perks, such as the Amex Platinum, with airport lounge access and hotel elite status. Why this is the best standalone travel credit card: With the Capital One Venture, you’re earning at least 2x on every purchase. Let’s say you are taking a trip to London in the spring. When I was looking for my perfect credit card for travel, I did A LOT of research. Citi. Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel. They can save you thousands of dollars on airfare and hotel costs. The information related to Chase Ink Business Preferred℠ Credit Card has been collected by The Ascent and has not been reviewed or provided by the issuer. These partners may include airlines, hotels, and/or other travel providers. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. The best travel credit card is the Capital One Venture Card because it has a great initial bonus, double miles on all purchases and user-friendly redemption policies. Hotel cobranded cards work like airline cards. Points are worth 25% more when you redeem for travel through Chase. Among the Membership Rewards program’s travel partners is Singapore Airlines KrisFlyer, which is the only way to book the ultra-premium Singapore Suites using miles. Travel benefits: The Amex Platinum is the king of luxury travel benefits. Are you hoping to hit elite status with a specific hotel brand or airline? Chase Sapphire Preferred. The Capital One Venture Rewards Credit Card tops the list of best overall travel credit cards for several reasons. Airline credit cards often include special benefits with the airline, such as free checked baggage. On Read Full Review, Purchases: 0%, for 12 months Some travel cards offer automatic elite status with various brands when you sign up and can also accelerate the journey to elite airline status by converting points to air miles. These cards are great for beginners who haven’t quite gotten the hang of maximizing transferable points or casual travelers who don’t want to worry about transfer partners or dynamic pricing. ALL RIGHTS RESERVED. 4. If you have the right card (or cards) in your wallet, the sky is the limit on where your travels can take you — literally. Cash back credit cards are self-explanatory, but this isn't always the case with travel credit cards. That's $750 toward travel when you redeem through Chase Ultimate … On Rewards rate: Earn 5x on Lyft through March 2022, 2x on a generous definition of dining and travel purchases, 2x on groceries (on up to $1,000 in spend per month) from Nov. 1, 2020, through April 2021. If you usually go somewhere every two or three months, then any of the best credit cards for traveling could save you a lot of money, even those that have high annual fees. If you know how to maximize your AAdvantage redemptions, that bonus could potentially be worth even more. 3. The best travel reward credit cards have lots to offer, but to get maximum value, you need to find the card that best matches your habits. Travel benefits: When you redeem your points for travel through the Chase Ultimate Rewards portal, you get a 25% bonus that makes your points worth 1.25 cents each. The addition of a 0% Intro APR offer makes it even more surprising that there's no annual fee. And since that card earns 5 points per dollar on airfare, you can also determine that each dollar you spend on airfare will get you 10 cents back in points because 5 points x 2 cents = 10 cents. What credit score do you need to get the Citi / AAdvantage Platinum Select World Elite Mastercard? The American Express Membership Rewards program has the deepest roster of airline and hotel partners of any credit card company, which is great for transferring points. Here's how: Those steps should help you to pick out your personal best credit card for travel, or at least narrow it down to a few high-quality options. I assigned value to these credit cards based on the following criteria: Travel credit cards offer rewards on different purchases that can help you book flights, hotels and more for little-to-no out-of-pocket expenses. Remember to look at the categories to which those reward rates apply and find a card that matches your spending patterns. The Ascent does not cover all offers on the market. Compensation may impact the order in which offers appear on page, but our editorial opinions and ratings are not influenced by compensation. In addition to some stellar benefits, it provides an excellent 14x bonus category on spending at eligible Hilton properties — equivalent to an 8.4% return based on TPG’s point valuations — among solid returns in other spending categories. However, there is still a lot of value to get out of travel credit cards, whether you take advantage of temporary benefits or use current everyday expenses to build up your points balances for an amazing redemption in the future. Further reading: Marriott Bonvoy Boundless credit card review, Apply here: Marriott Bonvoy Boundless Credit Card. 5 things to understand about credit before applying for cards, 3 key considerations for improving your credit score. CardRatings experts outline the best travel rewards credit cards so … Chase's The Citi/AAdvantage Platinum Select offers a nice mix of benefits and earning opportunities for a manageable $99 annual fee, which makes it great for AA flyers who aren’t looking for lounge access or an abundance of luxury perks. Other aspects to consider are below. Here’s a look at today’s best travel rewards credit cards. You may even want to open a savings account specifically for your travel fund and deposit money into it every month. Further reading: American Express Platinum review, Apply here: Platinum Card from American Express. 2020 will be a big year for travel rewards credit and charge cards. And with the $300 annual credit for travel purchases every cardmember anniversary, that’s $1,050 in value in the first year, not counting other money-saving perks you enjoy as a cardholder. Both those credit card companies have partnered with one or more major domestic airlines, whereas Citi's only domestic airline partner is JetBlue. The welcome offer, lucrative dining, U.S. supermarkets, and travel rewards more than justify the annual fee for most who spend in these categories. You could earn up to 23.5x on eligible hotel stays, depending on what level of status you have. Hotel cards come with their own benefits, such as complimentary elite status or free award-night stays. Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Read Full Review. , with airport lounge access and hotel elite status. For rates and fees of the Hilton Aspire Card, please click here. By traveling regularly, you can take advantage of the perks a credit card with travel rewards offers. CardRatings experts outline the best travel rewards credit cards so … Either $5 or 5% of the amount of each transfer, whichever is greater. Earn unlimited 1.5x Miles for every dollar spent on all purchases - with no annual fee. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! If you have one of the card issuer's best travel rewards cards, you can also redeem rewards at a fixed rate of $0.01 per point through American Express for certain types of travel purchases. Check out our top picks of the best online savings accounts for December 2020. New Welcome Offer Earn 75,000 Membership Rewards ® Points + 10x Points at U.S. Gas Stations & U.S. Supermarkets. Secure Website. The credit card earns points in a specific hotel's loyalty program, and you can use those points to book award stays. Plus, for a limited time, earn a one-time $100 statement credit after using your new card to purchase an ExpertFlyer Premium annual subscription ($99.99 plus applicable taxes, followed by automatic renewal) within your first year. The Motley Fool owns shares of and recommends Visa and Mastercard. The Delta SkyMiles Platinum Amex added enhanced bonus categories (including increased 3x earning on Delta) and a host of new travel benefits (plus new temporary perks such as 5x on Delta and the potential to earn even more MQMs). Annual Fee. Plus, the premium points program for travel and dining make it a no brainer for travel enthusiasts everywhere. This means that for every dollar you spend on this card, you’re effectively getting at least 1-1.5 points or miles with a partner airline. The CSP also comes with an entire suite of travel protections, including trip delay insurance, trip cancellation coverage, baggage delay and primary rental car insurance. Citi's Although you won’t get the same travel credits or lounge access as you do with the Chase Sapphire Reserve, this is the perfect starter travel credit card for anyone who can’t justify a higher annual fee. What are the 7 Best Travel Credit Cards for 2020 to help you Travel For Free ? A RED VENTURES COMPANY. Or redeem as a statement credit for travel purchases like airfare, hotels, rideshares, gas stations, restaurants and more with no blackout dates. Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Bank of America® Premium Rewards® credit card. However, check the CardMatch tool to see if you’re targeted for a higher welcome offer (offer subject to change at any time). Examples of top transferable rewards cards are the Chase Sapphire Reserve and Amex Platinum. It's possible to get over $0.03 per point through transfers, much more than you'd get redeeming points at a fixed rate. And Nov. 1, 2020, through April 30, 2021, you’ll get 3x on grocery spending as well. 3. Some items may be out of date. Related: How ExpertFlyer helped me score a first-class experience of a lifetime. Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. Let’s take a look at the details of each of these travel credit cards and offers, including their bonus values and some of the ways I’ve been able to put the credit card benefits to use. Enrollment required. Earning miles is easy, with unlimited 2X miles per dollar on all eligible purchases. Why it’s the best travel credit card for small businesses: You’re earning a solid return (6%) across multiple business-focused categories. Why it’s the best travel card for no annual fee: The no-annual-fee Capital One VentureOne Rewards Credit Card has the same decent redemption options as its sister card, the Capital One Venture Rewards Credit Card — but with a lower rewards rate and fewer perks. Balance Transfers: 0%, 12 months, 20,000 points after spending $1,000 within 3 months. Earn 3 Points at Restaurants and Supermarkets, Earn 3 Points at Gas Stations, Air Travel and Hotels, Earn 1 Point per $1 spent on all other purchases, 60,000 Points are redeemable for $600 in gift cards when redeemed at thankyou.com, No expiration and no limit to the amount of points you can earn with this card. There’s also lost luggage reimbursement for up to $3000 per trip if your bags are lost or stolen. Watch until the end ! If you have Bonvoy elite status, you’ll also earn a bonus on those base points. $0 intro for the first year, then $95. Best Travel Rewards Credit Cards. Further reading: American Express Gold review. Benefits: You’ll get up to $120 in dining credits each year when you pay with the Amex Gold card at participating dining partners. Those who are well-versed in award charts and redemption options for travel rewards cards can often get more value from points than from cash back. You’ll also earn 3x points on several common business expenses. The unlimited 1.5 Miles takes the hassle out of tracking categories and all of your miles get matched in the first year. This card is also among the Amex cards to receive temporary benefits during 2020 to help you utilize this card while at home. You can usually get at least $0.01 per travel point or mile, but this varies significantly depending on the travel rewards program. But you can use cash-back rewards to offset those costs. Travel credit cards are a great way to earn rewards that allow you to travel the world for less money — or practically for free — simply by using a credit card to buy the same items you’d otherwise buy with cash or a debit card. American Express. Why it’s the best travel credit card for Alaska Airlines miles: Alaska Airlines miles are among the most valuable airline miles you can earn today, in part because of Alaska’s mix of airline partners and distance-based award chart. Cultures and leaves you with perks and a reasonable $ 95 annual.! Credits semi-annually 50,000 points after spending $ 2,000 within the first 3 months from account opening luggage! Your sign-up bonus: earn 50,000 bonus miles after you spend $ 25,000 in travel... Earning transferable points and why they ’ ll earn 5 points per dollar spent on every purchase out travel! Of shoes owns shares of and recommends Visa and Mastercard based on a 5 star scale may. 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