We're entering a very expensive time of year filled with holiday shopping, parties, meals, and travel. Instead of dreading your bills, put those expenses to work for you! With the right travel credit card, you could take advantage of your spending this season to rack up points quickly, including bonuses, and even earn a free summer vacation. And you don't need to be a frequent flier to earn great benefits.
Here are 3 of the best travel rewards cards we have seen this year.
BankAmericard Travel Rewards® Credit Card
The BankAmericard Travel Rewards ® Credit Card earns you 1.5 points for every $1 spent on all purchases. There is no limit to the points you can earn and your points don't expire. You may redeem your points as a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees. Travel where you want when you want -- unlike other cards, there are no blackout dates.
Bonus: Get 20,000 online bonus points if you make at least $1,000 in purchases in the first 90 days, redeemable for a $200 statement credit.
And if you're a Bank of America customer, you can get an additional 10% customer points bonus on every purchase when you have an active Bank of America® checking or savings account.
This card also has 0% introductory APR for 12 billing cycles on all purchases, so you could save on your holiday shopping and score those bonus points at the same time.
This BankAmericard has no annual fee and no foreign transaction fees.
Chase Sapphire Preferred® Card
Named a 'Best Credit Card' for Travel Rewards by MONEY Magazine, the Chase Sapphire Preferred ® Card offers 2 points for every $1 spent on travel and dining at restaurants worldwide, and 1 point per dollar spent on all other purchases. Points can be transferred 1:1 to leading airline and hotel loyalty programs. This card has no blackout dates or travel restrictions – as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards.
Bonus: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. And if you redeem your points through Chase Ultimate Rewards, you get an additional 25% more value. So, those 50,000 bonus points are worth not $500, but $625 toward travel.
There are no foreign transaction fees and the $95 annual fee is waived for the first year. The Sapphire card comes with an impressive series of travel-related insurance coverage and purchase protections. Another way to save: the Chase price protection feature reimburses you for card purchases up to $500 per item ($2,500 annual limit) when you find the item advertised for a lower price within ninety days of purchase. You could be getting money back in March for your Christmas shopping!
Barclaycard Arrival Plus™ World Elite MasterCard®
An impressive set of features are packed in the Barclaycard Arrival Plus™ World Elite MasterCard ®. This card piles on the rewards with 2 miles per $1 spent on all purchases. Miles can be redeemed for travel or cash back statement credits, gift cards and merchandise. And every time you redeem miles, you get 5% miles back to use toward your next redemption.
Bonus: Earn 50,000 bonus miles after you spend $3,000 on purchase in the first 90 days. That's enough to redeem for a $500 travel statement credit.
This is also a Balance Transfer card with 0% introductory APR for 12 months on balance transfers made within 45 days of account opening. There is a fee for balance transfers.
With this card, there are no foreign transaction fees on anything you buy while in another country, and the $89 Annual fee is waived for the first year.
If you have good credit, consider making the most of your expenses with one of these Travel Credit Cards. None of them will cost you any annual fees the first year, and the BankAmericard never charges an annual fee. It will feel much better buying gifts for your in-laws knowing the money spent could go towards your next vacation!
If you want to see more options, check out MoneyTips' list of credit card offers.
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