Maximizing Rewards and Benefits: A Guide to Finding the Best Travel Credit Card

Credit cards have become an essential tool for travelers looking to maximize their rewards and benefits. With a wide range of options available, finding the best travel credit card can be overwhelming. From Capital One Venture Rewards to Chase Sapphire Reserve, there are numerous choices to consider. But which one is right for you? In this article, we will guide you through evaluating and comparing general travel credit cards, as well as help you understand the benefits and perks that come with them. Whether you're a frequent flyer or a hotel enthusiast, we will provide the information you need to make an informed decision. So, let's dive in and explore the world of travel credit cards together.

Capital One Venture Rewards Credit Card

Our choice for: Flat-rate rewards

The Capital One Venture Rewards Credit Card is likely the most well-known travel credit card for general use, thanks to its widespread advertising. You earn 5 miles per dollar on hotels and car rentals booked through Capital One Travel and 2 miles per dollar on all other purchases. Miles can be redeemed for any travel purchase at a value of 1 cent apiece, without the limitations of branded hotel and airline cards. The card also offers a generous sign-up bonus and other valuable perks. Read our comprehensive review.

Bank of America® Travel Rewards credit card

Our choice for: Flat-rate rewards, no annual fee, and balance transfers

The Bank of America® Travel Rewards credit card is one of the top no-annual-fee travel cards on the market. It offers a solid rewards rate on every purchase, with points that can be redeemed for any travel purchase, without the restrictions of branded airline and hotel cards. Bank of America® has a broad definition of "travel," giving cardholders added flexibility in using their rewards. Read our comprehensive review.

Chase Sapphire Reserve®

Our choice for: Bonus travel rewards and high-end perks

The Chase Sapphire Reserve® has a high annual fee that may give some potential applicants pause, but frequent travelers can easily get enough value from this card to offset the cost. Cardholders earn bonus rewards (up to 10X) on dining and travel, enjoy a generous sign-up bonus, receive annual travel credits, and have access to airport lounges. Additionally, points receive a 50% boost in value when redeemed for travel booked through Chase, and they can also be transferred to about a dozen airline and hotel partners. Read our comprehensive review.

Chase Sapphire Preferred® Card

Our choice for: Flexibility, point transfers, and a big sign-up bonus

For a reasonable annual fee, the Chase Sapphire Preferred® Card offers bonus rewards (up to 5X) on travel, dining, select streaming services, and select online grocery purchases. Points are worth 25% more when redeemed for travel booked through Chase, and they can be transferred to about a dozen airline and hotel partners. The card also boasts a stellar sign-up bonus. Read our comprehensive review.

Wells Fargo Autograph℠ Card

Our choice for: Bonus rewards and no annual fee

The Wells Fargo Autograph℠ Card offers exceptional value without an annual fee. It provides a great sign-up bonus and earns extra rewards in various common spending categories, including restaurants, gas stations, transit, travel, streaming, and more. Read our comprehensive review.

Citi Premier® Card

Our choice for: Triple points in multiple categories

The Citi Premier® Card offers bonus points on airfare, hotels, supermarkets, dining, and gas stations. It also features a solid sign-up bonus. Read our comprehensive review.

Capital One Venture X Rewards Credit Card

Our choice for: Travel portal benefits

Capital One's premium travel credit card provides excellent benefits for those who are willing to do their travel spending through the issuer's online booking portal. This is where you can earn the highest rewards rates and receive credits that can offset the majority of your annual fee. Read our comprehensive review.

Chase Freedom Unlimited®

Our choice for: Cash back on travel bookings

The Chase Freedom Unlimited® was already a great card with its 1.5% cash back on all purchases, but now it's even better. It offers bonus rewards on travel booked through Chase, as well as at restaurants and drugstores. New cardholders can also take advantage of a 0% introductory APR period and the opportunity to earn a generous cash bonus. Read our comprehensive review.

Chase Freedom Flex℠

Our choice for: Cash back on travel bookings

The Chase Freedom Flex℠ provides bonus cash back in quarterly categories that can be activated, as well as on travel booked through Chase, at restaurants, and at drugstores. While category activation may require some effort, it can lead to earning hundreds of dollars per year for many individuals. New cardholders can also enjoy a fantastic bonus offer and a 0% intro APR period. Read our comprehensive review.

The Platinum Card® from American Express

Our choice for: Luxury travel perks

The Platinum Card® from American Express comes with a substantial annual fee, but travelers who value luxurious experiences and are willing to pay for comfort can find immense value in this card. It offers extensive airport lounge access, substantial travel and shopping credits, hotel benefits, and more. Additionally, the card provides high rewards rates on eligible travel purchases and an impressive welcome offer for new cardholders. Read our comprehensive review.

American Express® Gold Card

Our choice for: Generous rewards on everyday spending

The American Express® Gold Card allows you to earn a significant number of points from everyday purchases, with generous rewards at U.S. supermarkets, at restaurants, and on certain flights booked through amextravel.com. The card also offers dining and travel credits, as well as a solid welcome offer for new cardholders. Please note that this card has a substantial annual fee and may not be suitable for smaller spenders. Read our comprehensive review.

PenFed Pathfinder® Rewards Visa Signature® Card

Our choice for: Credit union rewards

The PenFed Pathfinder® Rewards Visa Signature® Card offers premium perks for a annual fee (which may be waived in certain cases). Jet-setters can benefit greatly from this card, as it provides a generous rewards rate on travel purchases and a decent flat rate on all other spending. Cardholders also receive travel credits and a Priority Pass membership, granting airport lounge access for $32 per visit. Read our comprehensive review.

Delta SkyMiles® Gold American Express Card

Our choice for: Airline credit card

The Delta SkyMiles® Gold American Express Card offers bonus rewards not only on Delta flights, but also at restaurants worldwide and at U.S. supermarkets. This makes it a rare airline card that's excellent for everyday spending. The card provides a best-in-class checked bag benefit, with the first bag being free for the cardholder and up to eight other individuals on the same reservation. Additionally, cardholders enjoy priority boarding and have the opportunity to earn a flight credit each year. Read our comprehensive review.

» Not a Delta flyer? Take a look at our top airline cards for other options.

World of Hyatt Credit Card

Our choice for: Hotel credit card

While not as prominent as its competitors, the World of Hyatt Credit Card is worth considering for frequent travelers. It allows you to earn a substantial amount of points even on non-Hyatt spending, and these points hold a high value compared to other loyalty programs. The card offers a great sign-up bonus, free nights, automatic elite status, and more. Read our comprehensive review.

» Not a Hyatt customer? Explore our top hotel cards for alternative choices.

Ink Business Preferred® Credit Card

Our choice for: Small business, bonus categories, and a big sign-up offer

The Ink Business Preferred® Credit Card starts with one of the most substantial sign-up bonuses available on any credit card (assuming you meet the spending requirement). It also provides bonus rewards in common business spending categories. Points are worth 25% more when redeemed for travel booked through Chase, and they can be transferred to about a dozen airline and hotel partners. Learn more and apply here.

OTHER RESOURCES By Sara Rathner and Sam Kemmis, NerdWallet

Evaluating general travel credit cards

What you get with a general travel cardThe credit cards featured at the top of this page are general travel cards. They are issued by a bank (such as Chase or Capital One) and bear only the bank's name. They are not tied to any specific airline or hotel group. With these cards, you earn points on every purchase, typically 1 to 2 points per dollar spent, and sometimes additional points in specific categories.

Issuers of general travel cards often entice new applicants with substantial sign-up bonuses, which are usually tens of thousands of miles earned by spending a certain amount of money on the card within the first few months.

» MORE: NerdWallet's best credit card sign-up offers

So, what can you do with those points? Depending on the card, you may have several redemption options:

• Booking travel: You can use your points to book travel through the issuer's website, similar to how you would use a site like Orbitz or Expedia. For example, if points are valued at 1 cent each for this redemption option, you could book a $400 flight on the issuer's portal and pay with 40,000 points.
• Statement credit: This option allows you to use your points to offset the cost of travel purchases by applying them as a credit on your statement. You can make travel arrangements however you prefer (directly with an airline or hotel, through a travel agency, etc.) and then charge the expense to your card. Once the charge appears on your account, you can apply the necessary points to eliminate the cost.
• Transferring to partners: Some card issuers allow you to transfer your points to loyalty programs for airlines or hotel chains, essentially turning your general travel card into a co-branded card (though you will not receive the same perks as a co-branded card).
• Cash back, gift cards, or merchandise: If you do not plan on traveling, you can use your rewards for cash back, gift cards, or merchandise. However, note that the value per point is often lower for these options.

Airline and hotel cards restrict your options but offer exclusive perks such as free checked bags or room upgrades. General travel cards, on the other hand, provide maximum flexibility but cannot provide the same level of perks since the banks issuing these cards do not operate airlines or hotels. Nonetheless, general travel cards do offer noteworthy perks, including:

• Travel credit: Many top travel credit cards provide automatic reimbursements for travel-related spending. Some of these cards offer hundreds of dollars in travel credits each year.
• Trusted traveler reimbursement: A growing number of travel credit cards cover the application fee for programs like TSA Precheck and Global Entry, which allow for faster airport security and customs processing.
• Airport lounge access: Several general travel cards offer access to airport lounges through networks such as Priority Pass and Airspace. These lounges operate independently from airlines and provide travelers with added comfort and amenities.

Every major credit card issuer offers at least one travel card with a points program. For example, American Express has Membership Rewards, Chase has Ultimate Rewards®, and Citi offers ThankYou points. Wells Fargo has Wells Fargo Rewards, and U.S. Bank has FlexPerks. Bank of America® offers travel cards without a specific rewards program name. Capital One, Barclays, and Discover all refer to their points as "miles."

These programs differ in terms of point value and redemption options available. Some programs offer a wide range of redemptions, including transfers to loyalty programs, while others only allow for travel bookings or statement credit.

» MORE: NerdWallet's travel loyalty program reviews

Best General Purpose Travel Credit Cards

Apply Now On Chase Bank USA, NA's Website Up to 5x Reward Rate

Earn 5x points on travel booked through Chase Ultimate Rewards®, 3x points on dining, and 2x points on all other travel purchases. Read more

Welcome Bonus 60,000 bonus points

Regular APR 21.24% - 28.24% Variable

Credit Score Excellent, Good (700 - 749)

Earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That's 0 in travel when redeemed through Chase Ultimate Rewards®. Apply Now Up to 10X Reward Rate

Earn 2 miles per dollar on all eligible purchases and 5 miles per dollar on flights and 10 miles perRead more

Welcome Bonus 75,000 miles

Regular APR 21.99% - 28.99% (Variable)

Credit Score Excellent (750 - 850)

Earn 75,000 bonus miles after spending $4,000 on purchases in the first 3 months from account opening. That's enough miles for a round-trip domestic flight. Apply Now On Chase Bank USA, NA's Website Up to 10x Reward Rate

Earn 5X total points on flights and 10X total points on hotels and car rentals when you purchase travel throughRead more

Welcome Bonus 60,000 bonus points

Regular APR 22.24% - 29.24% Variable

Credit Score Excellent (750 - 850)

Earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That's 0 toward travel when redeemed through Chase Ultimate Rewards® Rates & Fees  / Terms Apply Apply Now On American Express's Website 5X Reward Rate

Earn 5 Membership Rewards Points per dollar on prepaid hotels booked with American Express Travel and on flights booked directlyRead more

Welcome Bonus Earn 80,000 points

Regular APR See Pay Over Time APR

Credit Score Excellent/Good (700 - 749)

Earn 80,000 Membership Rewards® Points after you spend ,000 on purchases on the Card in your first 6 months of Card Membership.

Top Travel Credit Cards for Airlines

Apply Now On the Website of Chase Bank USA, NA Up to 4X Reward Rate

Earn 4 miles for every $1 spent on United® purchases; Earn 2 miles for every $1 spent on all other travel andLearn More

Welcome Bonus Earn 80,000 bonus miles

Regular APR 21.49% - 28.49% Variable

Credit Score Excellent (750 - 850)

Earn 80,000 bonus miles and 1,000 Premier qualifying points after you spend $5,000 on purchases in the first 3 months from account opening. Apply Now On the Website of Chase Bank USA, NA Up to 3x Reward Rate

Earn 3x points for each dollar spent at grocery stores, dining at restaurants including takeout and eligible delivery services, andLearn More

Welcome Bonus Earn 50,000 points

Regular APR 21.49% - 28.49% Variable

Credit Score Good, Excellent (700 - 749)

Earn 50,000 points after you spend $3,000 on purchases in the first three months your account is open. Apply Now On the Website of Chase Bank USA, NA Up to 3X Reward Rate

3 miles for every $1 spent on United® purchases. 2 miles for every $1 spent on dining, select streaming services & allLearn More

Welcome Bonus Earn 70,000 bonus miles

Regular APR 21.49% - 28.49% Variable

Credit Score Good, Excellent (700 - 749)

Earn 70,000 bonus miles and 500 Premier qualifying points after you spend $4,000 on purchases in the first 3 months your account is open. Apply Now On the Website of Chase Bank USA, NA Welcome Bonus Earn 75,000 Avios

Regular APR 21.24% - 28.24% Variable

Credit Score Excellent, Good (700 - 749)

Earn 75,000 Avios after you spend $5,000 on purchases within the first three months of account opening. Apply Now On the Website of Chase Bank USA, NA Up to 3X Reward Rate

Earn 3X points on Southwest purchases, 2X points on local transit and commuting, including rideshare, 2X points on internet, cable,Learn More

Welcome Bonus Earn 60,000 points

Regular APR 20.99% - 27.99% Variable

Credit Score Good, Excellent (700 - 749)

Earn 60,000 bonus points plus a 30% off promo code after spending $3,000 on purchases in the first 3 months from account opening.

Top Travel Credit Cards for Hotel Points

Up to 26X Reward Rate

Earn up to 26 points in total per $1 spent when you stay at IHG Hotels & Resorts; 5 points perRead More

Welcome Bonus Earn 140,000 bonus points up to $100 in IHG® statement credits

Regular APR 21.24% - 28.24% Variable

Credit Score Good/Excellent (700 - 749)

Earn 140,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening. Plus, earn up to $100 in IHG® statement credits on purchases at IHG® Hotels and Resorts during the first 12 months from account opening. Up to 14X Reward Rate

Earn 14X Hilton Honors bonus points on eligible purchases at participating hotels or resorts within the Hilton portfolio; Earn 7XRead More

Welcome Bonus Earn 150,000 points

Regular APR 20.74% - 29.74% variable

Credit Score Good/Excellent (700 - 749)

Earn 150,000 Hilton Honors bonus points after you spend $4,000 in purchases on the card within your first 3 months of card membership Up to 3X Reward Rate

3 points per dollar spent at over 7,000 hotels participating in Marriott Bonvoy program, 2 points per dollar on otherRead More

Welcome Bonus Earn 50,000 bonus points

Regular APR 20.99% - 27.99% variable

Credit Score Good/Excellent (700 - 749)

Earn 50,000 bonus points after you spend $1,000 on your first 6 months 50,000 bonus points after you stay 6 eligible paid nights at hotels participating in Marriott Bonvoy® through 1/31/24. Apply Now On the Website of Chase Bank USA, NA Up to 9X Reward Rate

Earn up to 9 points in total per $1 spent at Hyatt - 4 bonus points per $1 when you useRead More

Welcome Bonus Earn up to 60,000 Bonus Points

Regular APR 21.24% - 28.24% Variable

Credit Score Excellent, Good (700 - 749)

Earn 30,000 Bonus Points after you spend $3,000 on purchases in your first 3 months from account opening. Plus, up to 30,000 More Bonus Points by earning 2 Bonus Points in total per $1 spent in the first 6 months from account opening on purchases that normally earn 1 Bonus Point, on up to $15,000 spent.

Is it Worth Getting a Travel Credit Card?

If you frequently travel and typically pay for your purchases with cash or debit, you're missing out on rewards and benefits that can significantly reduce your travel expenses. Obtaining a travel credit card that offers generous rewards on airfare, hotels, rideshares, and other common travel expenses can provide you with significant savings.

By utilizing one of the aforementioned travel cards, you can accumulate over $2,000 in rewards within a span of five years, effectively offsetting the cost of past travel expenses or even funding an upcoming vacation.

Who Should Apply for a Travel Credit Card?

If you're considering applying for a travel credit card, it's important to note that card issuers generally require applicants to have good credit or excellent credit (scores above 670). Therefore, it is crucial that you check your credit score before applying for a travel card.

Once you know your credit score and can verify your prequalification for a travel card, you can proceed to choose the card that best suits your needs and submit your application.

How to Select a Travel Credit Card

Choosing a travel credit card involves considering various factors such as the type of rewards offered, the accompanying benefits, and any associated fees. There is no universally applicable solution. Instead, focus on cards that align with your specific travel preferences.

Here are some questions to guide you in selecting the best travel credit card for your needs.

Do You Prefer Travel Rewards or Cash Back?

Cards that accumulate travel rewards generally provide the highest value when redeemed for flights, hotels, or other travel-related expenses. Alternatively, if you prioritize flexibility in rewards, opt for cards that offer cash back on everyday spending.

What Is the Welcome Bonus?

Most cards offer an initial bonus in the form of points, miles, or cash back. This bonus is awarded after achieving the minimum spending requirements. It can rapidly boost your earnings and potentially offset the card's annual fee within the first year.

Is the Annual Fee Justified?

Speaking of annual fees, many travel credit cards charge them, with premium cards reaching nearly 0 per year. Consider the value of the rewards and benefits provided by the card to ensure they outweigh the fee. If you only travel occasionally, a high-end card may not be worth the cost.

Are There Foreign Transaction Fees?

Foreign transaction fees are small charges imposed by banks for purchases made outside the country of the card's origin. While travel credit cards are designed to benefit frequent travelers, some cards do apply foreign transaction fees. Be sure to verify if your card carries this fee.

What Credit Score Is Required for a Travel Credit Card?

The top travel credit cards generally necessitate a good to excellent credit score. If you have no credit history or are working on rebuilding your credit, you may need to start with "beginner" cards before applying for a travel credit card. A score of 670 to 739 is considered good, while scores above that range from very good to excellent.

Card issuers also consider other factors, including income and monthly expenses, during the application review process. Some individual cards may provide a suggested credit score requirement. You can also utilize our CardMatch tool to find the best card recommendations for your situation.

Related: Understanding Good Credit Scores

Steps to compare travel credit cards

If you're struggling to narrow down the most suitable travel card for your needs, it can be beneficial to conduct a comparison of different credit cards. Begin by outlining the benefits you desire and any deal breakers, such as an annual fee. Then, examine the cards that offer those desired benefits.

For example, if you're interested in earning rewards for both travel and dining, the Amex Gold Card would be a better choice than the Capital One Venture Rewards Credit Card due to its higher rewards rate of 4X compared to 2X.

However, if you prefer to avoid a high annual fee, the Venture Card only costs , whereas the Gold Card has a fee of $250. (Examine rates and fees.)

Alternative credit cards to consider

Travel credit cards might not be suitable for everyone. If you don't travel frequently, you should explore other credit card options that cater to specific categories such as dining, grocery, or gas. These cards can reward you with up to 6% cash back in those specific categories, benefiting individuals who enjoy dining out, meal-prepping, or commuting.

Apart from rewards, you may find value in a card that offers a 0% APR period. Some cards grant an introductory period with no interest for a year or more on new purchases and balance transfers, such as the Citi Simplicity® Card. This card provides 0% intro APR for 21 months on balance transfers from the date of the first transfer, as well as 0% intro APR for 12 months on purchases from the date of account opening (afterwards, the APR ranges from 18.99% to 29.74%; balance transfers must be completed within four months of account opening). There is an introductory balance transfer fee of 3% or $5, whichever is greater for transfers completed within the first four months of account opening. After that, the fee becomes 5% of each transfer (minimum $5). Using these cards responsibly can assist you in managing your debt without incurring high interest charges.

Definition of a travel credit card

Travel rewards credit cards enable you to earn points, miles, or cash back that can be used for travel-related expenses or are tailored to support your travel spending.

These cards provide rewards for different types of purchases, allowing you to book flights, hotels, and more at minimal or no out-of-pocket costs. Some cards also offer valuable perks and benefits that enhance your overall travel experience, from covering Global Entry application fees to providing lounge access and complimentary elite status. With the right cards in your possession, the possibilities for your travels are limitless.

If you're new to travel rewards, be sure to explore our introductory guide to points and miles. It covers major loyalty programs, strategies to maximize your credit card usage for your travel goals, and much more.

Related: Explore the complete history of credit cards from the past to present

We have conducted extensive research on various types of travel credit cards to assist you in determining the best option for your requirements.

Transferable-rewards credit cards

Transferable rewards credit cards allow you to earn points and miles that can be redeemed through the card's rewards program directly or by transferring them to a travel partner. These cards are considered the most valuable for earning points. Having the flexibility to redeem your rewards in a way that suits you best is a significant advantage of transferable rewards. Examples of top transferable rewards cards include the Chase Sapphire Reserve and The Platinum Card® from American Express.

Related: Learn about earning transferable points and why they offer great value

Credit cards for airline rewards

Airline cobranded cards allow you to earn a specific type of airline miles. These cards often come with benefits tailored to the specific airline, such as free checked bags, elite-qualifying miles, priority boarding, inflight discounts, and more.

Related: Discover the best airline credit cards available

Credit cards for hotel rewards

Hotel cobranded cards function similarly to airline cards. These cards allow you to earn rewards that are redeemable within a particular hotel program, such as Hilton or Marriott. Hotel cards offer their own set of benefits, including complimentary elite status or free award-night stays. Additionally, these cards enable you to accumulate points within the hotel's program while also earning rewards through the hotel's proprietary card.

For example, by using the Marriott Bonvoy Boundless Credit Card, you can earn 6 points per dollar spent at participating Marriott properties, on top of the 10 base points received as a member of the Bonvoy program, and up to 1 additional point from Marriott with guaranteed Silver Elite Status. This means that when using your hotel card to pay for your booking, you can earn a total of 17 points per dollar spent on Marriott stays.

Related: Explore the best hotel credit cards currently available

Travel cards for beginners

The world of points and miles can be overwhelming for individuals new to credit cards, but it doesn't have to be. While transferable rewards cards are widely regarded as the best option for earning points and miles for travel, they can also be complex to navigate. Therefore, fixed-value credit cards and cash-back credit cards are excellent alternatives for beginners seeking to enter the travel credit card realm.

Fixed-value credit cards

Fixed-value credit cards award points or miles that always have a consistent value when redeemed. For instance, the Bank of America® Premium Rewards® credit card grants points worth 1 cent each. These cards are particularly suitable for beginners who have yet to familiarize themselves with maximizing transferable points or for casual travelers embarking on their first travel credit card experience.

As more hotels and airlines transition to dynamic pricing models, where award pricing fluctuates dramatically, fixed-value rewards programs are growing in popularity.

Related: Compare the top fixed-value point credit cards

Cash-back credit cards

Cash-back credit cards are another fantastic credit card option for casual travelers or beginners. With these cards, you don't need to worry about points, transfer partners, or maximizing your rewards. Cash-back credit cards provide a percentage of cash back based on your spending and offer a straightforward way to save on your upcoming travels.

The Capital One Quicksilver Cash Rewards Credit Card is an excellent option for beginners in the realm of travel rewards. It allows you to earn unlimited 5% cash back on hotel and rental car bookings through Capital One Travel, without an annual fee.

Understanding the functioning of travel credit cards

Travel credit cards operate similarly to other reward credit cards, enabling you to earn rewards, primarily in the form of points and miles, on your purchases. This section primarily focuses on transferable rewards credit cards such as the Chase Sapphire Reserve and American Express Platinum Card, as these are typically considered travel credit cards.

Related: Maximizing the redemption value of Chase Ultimate Rewards points

Earning transferable points

Transferable points credit cards enable you to earn points or miles when making purchases. You can then transfer these points or miles to travel partners for rewards like flights, hotel stays, and more. Different cards offer different currencies, usually referred to as "points" or "miles". All transferable reward credit cards, airline credit cards, and hotel credit cards possess their own currency that can be redeemed for travel rewards.

Travel credit cards feature varying rates for various purchase categories. For example, the American Express Gold Card earns 4 points per dollar spent on restaurants but only 3 points per dollar spent on flights directly booked with the airline or through Amex Travel. While the Amex Platinum could be more suitable for travel, as it earns 5 points per dollar spent on flights (directly booked with the airline or through Amex Travel, up to $500,000 per calendar year). The Amex Gold can be a valuable addition for Platinum cardholders who frequently dine out.

Related: Optimize your redemptions of American Express Membership Rewards for maximum value

Redeeming points and miles

Once you've chosen a travel credit card and earned your welcome bonus, it's time to utilize those points or miles for free travel. There are numerous methods to redeem your rewards with travel credit cards. Many cards offer an online booking portal where you can use your rewards to book flights, hotels, and car rentals. Alternatively, you can transfer your points or miles to specific loyalty programs, often unlocking additional value.

Related: Tips and tricks to maximize the value of your Capital One miles

It's up to you to determine whether a particular trip warrants utilizing your rewards. TPG's monthly valuations can assist you in evaluating whether the cost of a flight or hotel room justifies utilizing your points and miles. While some travel expenses may be more affordable when paid in cash, you can always save your points for indulgent experiences like splurging on a business-class flight to Europe or booking an overwater bungalow at a luxury resort.

Utilizing travel credit card portals

In the world of travel credit cards, the four major players are American Express, Capital One, Chase, and Citi. These issuers also operate their own travel portals, which enable you to earn and redeem points for travel.

Some issuers, such as Capital One and Chase, provide incentives for booking travel through their portals. However, booking through a portal isn't always the best option.

We don't recommend booking hotel stays through card portals, as they often don't honor elite-status benefits or award elite-qualifying night credits.

Fortunately, flights usually allow you to earn bonus points through both a card issuer's portal and the airline itself. Keep in mind, this does not apply to all cards. When it comes to paying in cash, there is generally minimal difference between booking through a portal or directly on the airline's website. If your travel credit card rewards you for booking through their portal, it's an excellent opportunity to earn extra points.

Related: A comprehensive guide to the Citi travel portal

Points and miles redemptions can vary significantly, especially when incentives to book through travel portals are involved. Overall, if used effectively, travel portals can enhance your points redemption experience. Always remember to compare prices and redemption values when booking through a portal versus directly with the airline.

Booking through a portal may complicate matters if you need to modify or cancel your flight.

Related: Comparing the credit card travel portals to determine the best flight booking option

Benefits of travel credit cards

Exclusive privileges with travel credit cards

Certain travel cards provide automatic elite status with various programs upon signup and can also expedite the process of achieving elite airline status by converting points to air miles. If you have a strong loyalty to a specific hotel brand, having elite status with that brand will be advantageous. You will receive benefits such as room upgrades, resort credits, early check-in, late checkout, and more. However, if your loyalty is not with a particular hotel brand, these privileges will not apply. The same principle applies to elite status with an airline – you will gain access to lounges, upgrades, increased baggage allowance, etc. When comparing the perks of different cards, it is important to realistically assess which benefits you will actually use.

Acess to airport lounges

Complimentary access to airport lounges is one of the desirable advantages of premium travel credit cards. Many premium travel credit cards include access to Priority Pass lounges, which grants you entry to airport lounges worldwide. These lounges offer a serene space to relax before your flight or enjoy a snack during a lengthy layover. Amenities may vary among lounges, but most of them offer features such as wifi, private seating, and refreshments.

Related: Top credit cards for airport lounge access

TSA PreCheck & Global Entry

Both TSA PreCheck and Global Entry are expedited screening programs for travelers. TSA PreCheck expedites security screening for domestic flights, while Global Entry accelerates customs screening for international travelers entering the United States.

The application fee for TSA PreCheck is , and for Global Entry, it is $100. Once approved, the membership is valid for 5 years. Many travel credit cards offer statement credits for the application fee.

Related: 13 important details about Global Entry

Travel insurance

Some travel credit cards include travel insurance. The coverage may vary from card to card, but typically includes trip cancellation and interruption insurance. This coverage can save you hundreds or even thousands of dollars if unexpected circumstances arise during your trip.

Travel insurance can also cover incidents such as overnight hotel stays due to flight delays or illnesses that prevent you from traveling.

Related: The 9 best credit cards with travel insurance

When to use rewards instead of cash

Deciding whether to use rewards or cash for travel expenses does not need to be a complicated task. If you plan to redeem your rewards for your next trip, it is important to check TPG's monthly valuations to determine if it is a good deal.

For example, let's say you are considering redeeming points for your upcoming flight, which costs $525. However, Chase is currently offering the same flight for 40,000 points. According to TPG's valuation, Chase points are worth $0.02 per point. This means that if you redeem your points for this flight, it would be equivalent to spending 0 in Chase points. In this scenario, it would be more cost-effective to pay for the flight in cash and save your points for another trip.

Related: How I decide when to redeem points for a flight or pay cash

Earning travel rewards

When comparing travel credit cards, it is important to consider the rewards that each card offers in relation to your spending habits and goals. If you prefer simplicity and ease of use, a flat-rate travel card that offers the same rewards rate for all purchases might be the best choice for you.

If you want to maximize your points and miles and are willing to redeem rewards with a specific airline or hotel brand, a co-branded airline or hotel credit card may be a better fit. However, if you don't travel frequently or prefer a travel card with more flexibility in earning and redeeming rewards, a general-purpose travel rewards card that offers bonus points or miles for travel and everyday purchases might be a better option.

Redeeming travel rewards

When comparing travel cards, it is important to consider the redemption options and value offered by each card. Most travel cards provide the best value when you use your rewards to pay for upcoming travel, typically through the issuer's travel portal. However, if you prefer more flexibility, you may want to look for cards that offer a variety of redemption options, such as using points to cover past travel purchases, which allows you to book with third-party websites.

Alternatively, you may prefer a card with transferable points, which allows you to transfer your rewards to an airline or hotel loyalty program. This can help you get more value out of your points and miles. While most travel cards with transfer partners have an annual fee, there are a few exceptions, such as the Bilt Mastercard and Capital One VentureOne card.

It is also important to consider the value of your points or miles, as their worth may fluctuate depending on how and where you redeem them. If you plan to redeem your rewards for something other than travel, such as statement credits or gift cards, make sure you choose a card that offers a redemption value of at least 1 cent per point or mile for those options. Otherwise, it may be more advantageous to use cash and save your rewards for travel redemptions.

Travel perks

The best credit cards for travel perks come with features and benefits that enhance your travel experience. If you enjoy traveling in style, there are cards that make it easier to achieve elite status or offer complimentary lounge access or travel credits worth hundreds of dollars, which can make first-class airfare or luxury hotel accommodations more affordable.

Travel protections

Credit card travel insurance is a valuable feature that can save you from having to purchase standalone insurance and provide you with peace of mind during your trip. However, it is important to note that coverage and reimbursement amounts may vary between cards, so it is crucial to carefully compare the travel insurance offered by different travel cards.

Reviews of the best travel credit cards

• Points are worth 25% more when redeemed for travel purchases through Chase
• Receive a point bonus each account anniversary
• Includes primary rental car insurance
• Earn 3x per $1 on dining, including eligible delivery and takeout meals, select streaming services and grocery purchases

• annual fee
• Doesn't offer a Global Entry/TSA PreCheck application fee credit

Annual feeannual_feesSign-up bonusbonus_miles_fullIntro APRintro_apr_rate,intro_apr_durationRegular APRreg_apr,reg_apr_typeRecommended creditcredit_score_neededTravel insuranceTrip cancellations/interruptions, trip delays, travel accidents, luggage and primary rental car insurance Why we chose this card: The Chase Sapphire Preferred® (Member FDIC) is an excellent option for frequent travelers who want to earn valuable rewards while paying a low annual fee.

This card offers six reward categories that provide exceptional rewards on flights, hotels, tours, restaurants, and more. Cardholders can earn:

• 5x points for travel bookings made through the Chase Ultimate Rewards® portal

• 2x on all other travel purchases

• 3x on dining, including eligible delivery and takeout

• 3x on select streaming services

• 3x on online grocery purchases (excluding Target®, Walmart®, and wholesale clubs)

• 1x on all other purchases

You can redeem your points for statement credits or account deposits, but the most value can be obtained by redeeming them through the Chase Ultimate Rewards® portal, which increases the value of your points by 25%.

Additionally, you have the option to transfer your points to one of Chase's 14 travel partners at a 1:1 ratio. These partners include major airlines and hotels such as JetBlue, Southwest, United, Marriott, and Hyatt.

Another notable benefit of this card is the primary rental car insurance it offers, a feature that is not common among most travel cards.

• Unlimited 3% cash back on dining, entertainment, grocery stores, and select streaming services
• No annual or foreign transaction fees
• Includes travel accident insurance

• 5% cash back rate for travel does not apply to flights

Annual feeSign-up bonusIntro APRRegular APRRecommended creditTravel insuranceTravel accidents Why we chose it: The Capital One SavorOne Cash Rewards Credit Card is the perfect card to take with you on sightseeing trips or nights out, as it offers generous rewards on dining, entertainment, and more while not charging any annual or foreign transaction fees.

With the Capital One SavorOne, cardholders can earn cash back at restaurants, tourist attractions, concerts, theme parks, and more. The card's reward categories include:

• 10% back on Uber and Uber Eats purchases plus statement credits to cover the costs of an Uber One membership through November 14, 2024

• 8% back on Capital One Entertainment purchases

• 5% back on hotels and rental cars booked through Capital One Travel

• 3% back on dining, eligible streaming services, grocery stores, and entertainment

• 1% back on all other purchases

None of these categories have yearly caps, so the card offers a significant earning potential, especially for food enthusiasts who frequently dine out, order takeout, or do groceries.

Individuals who are always seeking new experiences and things to do will find Capital One Entertainment particularly useful. The platform provides cardmembers with access to multiple events, including celebrity meet-and-greets and dinner reservations at acclaimed restaurants. You can also find tickets to sold-out events at discounted prices, all while earning a remarkable 8% cash-back rate.

Keep in mind that the travel bonus offered by this card only applies to hotel and rental car bookings made through the Capital One Travel portal. Therefore, you will not earn cash back or points for flight reservations, which can be a drawback compared to other travel credit cards.

However, it is worth noting that the card's 3% cash-back rate on dining and entertainment is valid at establishments worldwide, not limited to U.S. locations. This means you can confidently use this card while traveling, as it does not charge foreign transaction fees.

• Earn 3x points on restaurants, travel, and gas
• Earn 3x points when paying your monthly streaming services and cell phone bills
• Includes cell phone protection plan
• No foreign transaction fees

• No airline or hotel transfer partners
• Doesn't include travel insurance
• Netflix, Hulu, and HBO are not eligible for streaming bonus

Annual feeannual_feesSign-up bonusbonus_miles_fullRegular APRreg_apr,reg_apr_typeIntro APRintro_apr_rate,intro_apr_durationRecommended creditcredit_score_neededTravel insuranceSecondary car rental insurance Why we chose it: The Wells Fargo Signature℠ Card boasts no annual or foreign transaction fees and earns high rewards for travel, dining, gas, streaming services, and cell phone plan purchases.

Most travel credit cards only offer rewards for flights and hotels booked through their own travel portals. If you were to book your vacation through one-stop travel sites like Booking.com, you would only earn the card's minimum bonus, typically one point per dollar.

However, the Wells Fargo Signature℠ Card rewards you for:

• 3x points on flights, hotels, car rentals, cruises, and more, regardless of where you make your purchase

• 3x points on transit, including subways, parking, tolls, ridesharing services, and more

• 3x points on dining, gas, select streaming services, and cell phone plans

Despite its exceptional rewards rate on travel, the Wells Fargo Signature℠ Card falls short in terms of offering other travel benefits, such as airline or hotel transfer partners and luxury perks like airport lounge access or Global Entry and TSA PreCheck fee credits (typically found among premium travel cards with high annual fees).

However, the card does come with rental car insurance, which covers up to $50,000 for accidents or theft when you use it to book a rental car. It also features a cell phone protection plan that reimburses you up to 0 per claim (up to $1,200 per year) if your phone is damaged or stolen, provided you pay your monthly bill with the card. If you prioritize earning rewards on everyday spending, the Wells Fargo Signature℠ Card is an excellent candidate. However, if you require comprehensive travel insurance coverage and luxury benefits, you may want to consider other options.

All information about the Wells Fargo Signature℠ Card has been independently sourced by Money.com.

• High rewards on everyday spending (2x miles per dollar)
• Up to $100 credit for Global Entry or TSA PreCheck
• Includes travel accident and car rental insurance

• Fewer bonus categories than other cards with a similar annual fee ()
• Doesn't offer travel rewards for flights
• Car rental insurance is secondary

Annual Feeannual_feesSign-up Bonusbonus_miles_fullIntro APRintro_apr_rate,intro_apr_durationRegular APRreg_apr,reg_apr_typeRecommended creditcredit_score_neededTravel insuranceAuto Rental Collision Damage Waiver, Travel Accident Insurance Why we chose it: The Capital One Venture Rewards credit card offers a high reward rate on everyday spending and includes benefits such as comprehensive travel insurance and airport lounge access worldwide.

While most travel credit cards offer the same rewards rate for airfare, hotels, and rental cars, the Capital One Venture Rewards stands out by offering an enhanced rate for hotel and car rental bookings. Additionally, it provides points for any type of travel purchase, not just those made through its travel portal.

With this card, you can earn:

• 10x miles on hotels and rental cars booked through the Capital One Travel portal

• 10x miles through the Chase Dining program

• 5x miles on air travel booked through the Capital One Travel portal

• 3x miles on all other travel-related purchases

• 3x miles on dining, including eligible delivery and takeout

• 1x miles on all other purchases

Furthermore, you can redeem your miles for travel statement credits or account deposits. You also have the option to transfer your miles to more than 15 airline and hotel partners at a 1:1 ratio. However, note that Capital One does not have any domestic travel partners.

In addition to its generous rewards, the Capital One Venture Rewards features comprehensive travel insurance and airport lounge access, making it an excellent choice for frequent travelers. However, it is important to note that the card's annual fee of may be higher compared to other cards with similar benefits.

• Earns 4x points on restaurants worldwide, takeout, and food delivery in the U.S.
• $120 annual dining credit, issued as $10 per month in statement credits, at select restaurants (enrollment required)
• $120 annual Uber Cash ($10 per month) for food delivery orders and rides in the U.S. after adding the Gold card to your Uber account
• Earns 4x points at U.S. supermarkets (on up to $25,000 per calendar year, then 1x)

• High annual fee (5)
• Doesn't include baggage delay, travel accident, and primary rental car insurance
• Limited bonus categories

Terms apply. Click here for rates and fees.

Annual feeannual_feesWelcome offerbonus_miles_fullIntro APRintro_apr_rate,intro_apr_durationRegular APRreg_apr,reg_apr_typeRecommended creditcredit_score_neededTravel insuranceBaggage and secondary car rental insurance* Why we chose it: The American Express Gold Card® is a fantastic option for food enthusiasts, as it offers a high reward rate at restaurants worldwide, U.S. supermarkets, takeout, and food delivery. (Terms apply.)

With the American Express Gold Card®, you can earn:

• 4x points at restaurants worldwide

• 4x points on takeout and delivery in the U.S.

• 4x points at U.S. supermarkets (on up to $25,000 per calendar year, then 1X)

• 3x points on flights booked directly with airlines or Amextravel.com

The card also offers statement credits worth up to $240 combined, which can partially offset the card's annual fee of 5. These credits include:

• Up to $120 in annual dining credits ($10 per month) at select restaurants and food delivery services, such as Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar, and Shake Shack (Enrollment required)

• Automatic monthly $10 credit for Uber Eats or Uber rides in the U.S. (after adding the Gold card to your account)

The card also provides up to $100 in credits for stays of two consecutive nights or more booked through American Express' The Hotel Collection. These credits can be used for eligible dining, spa, and other activities. Additionally, cardholders have 24/7 access to Global Assist Hotline representatives, who can assist with lost passport replacement, translation services, missing luggage, and more.

However, it is important to note that the American Express Gold Card® offers fewer travel perks compared to other premium cards. For example, it does not include trip cancellation and interruption insurance or fee credits for TSA PreCheck or Global Entry.

• Annual statement credits (up to $300) for travel purchases
• 14 travel partners including United, Southwest, JetBlue, and Marriott
• Points worth 50% more when redeemed for travel expenses through Chase
• Emergency medical and dental insurance

• High annual fee ($550)
• Doesn't include a cell phone protection plan
• Welcome offer is less impressive than other premium cards

Annual feeannual_feesSign-up bonusbonus_miles_fullIntro APRintro_apr_rate,intro_apr_durationRegular APRreg_apr,reg_apr_typeRecommended creditcredit_score_neededTravel insuranceTrip Cancellation/Interruption, Lost Luggage Reimbursement, Trip Delay Reimbursement, Emergency Evacuation and Transportation, Roadside Assistance, Emergency Medical and Dental Insurance, Primary Rental Car Insurance Why we chose it: The Chase Sapphire Reserve® offers a high reward rate for travel and dining and comes with additional benefits like comprehensive travel insurance and worldwide airport lounge access.

While most premium cards provide the same bonus rate for airfare, hotels, and rental cars, the Chase Sapphire Reserve® goes a step further by offering an increased rate for hotel and auto bookings. Unlike other card issuers that limit rewards to purchases made through their travel portals, this card gives points for all travel bookings. With this card, you can earn:

• 10x points on hotels and rental cars purchased through the Chase Ultimate Rewards® portal

• 10x points through the Chase Dining program

• 5x points on air travel booked through the Chase Ultimate Rewards® portal

• 3x points on all other travel-related purchases

• 3x points on dining, including eligible delivery and takeout

• 1x points on all other purchases

Additionally, points are worth 50% more when redeemed for travel through the Chase portal, meaning each point is worth 1.5 cents instead of the usual one cent. The card also provides statement credits to cover fees for expedited traveler programs such as Global Entry, TSA PreCheck, or Nexus, and offers discounts or upgrades with select car rental companies.

One of the standout benefits of the Sapphire Reserve is the $300 annual travel credit that can be used for a wide range of travel-related purchases, including airfare, hotels, car rentals, rideshares, buses, trains, tolls, and parking. Other cards with an annual travel credit usually have more restrictions, limiting usage to flights or hotels booked through the card issuer's travel portal.

It is important to note that the Chase Sapphire Reserve® has a $550 annual fee. However, considering the $300 annual credit and other perks, the benefits of the card can outweigh the cost.

• 10,000 bonus miles every year
• Statement credit of up to $300 for bookings made through Capital One Travel
• Up to a $100 credit for Global Entry or TSA PreCheck
• Skip the line and receive car upgrades when renting with Hertz

• High annual fee ($395)
• No dining bonus category
• No domestic airline transfer partner

Annual feeannual_feesSign-up bonusbonus_miles_fullIntro APRintro_apr_rate,intro_apr_durationRegular APRreg_apr,reg_apr_typeRecommended creditcredit_score_neededTravel insuranceTrip Cancellation/Interruption, Lost Luggage Reimbursement, Trip Delay Reimbursement, Primary Rental Car Insurance Why we chose it: The Capital One Venture X Rewards credit card offers premium benefits such as statement credits and airport lounge access at a lower annual fee ($395) compared to many competitors.

The Venture X comes with a Priority Pass Select membership, granting access to over 1,300 airport lounges worldwide. This perk is typically offered only by luxury cards like the Chase Sapphire Reserve® or The Platinum Card® from American Express, which have substantially higher annual fees ($550 and 5, respectively).

The card also offers 10,000 bonus miles on every account anniversary and allows up to four authorized users at no extra cost, while many cards charge an annual fee of or more per additional user. The bonus categories of the Venture X include:

• 10x miles on hotels & rental cars booked through Capital One Travel
• 5x miles on flights booked through Capital One Travel
• 2x miles on all other purchases

The card provides a $300 annual travel credit that can be used for airfare, hotel stays, rental car reservations, and more. However, it is important to note that this credit can only be used for Capital One Travel bookings. Other competitors may offer more flexibility by allowing credit usage for any type of travel purchase, including taxis and buses.

While the card includes travel insurance, its coverage is less comprehensive compared to other premium travel cards. For instance, it does not cover baggage delays, travel accidents, or emergency evacuations and transportation. However, it does provide primary rental car insurance, a feature not commonly found among most travel cards.

Overall, the Capital One Venture X Rewards is a solid option that competes well with other premium travel cards, especially considering its relatively more affordable annual fee. However, if you prefer a less restrictive annual travel credit and a more comprehensive travel insurance policy, the Chase Sapphire Reserve®, our top pick for the best premium travel card, may be a better fit.

• 5X points on flights and prepaid hotels booked through AmexTravel.com
• Up to $1,000 in yearly statement credits for select business purchases
• Access to a wide network of airport lounges
• Complimentary benefits at hundreds of hotels

• High annual fee (5)
• Secondary rental car coverage

Terms apply. Please click here for applicable rates and fees.

Annual feeannual_feesWelcome offerbonus_miles_fullIntro APRintro_apr_rate,intro_apr_durationRegular APRreg_apr,reg_apr_typeRecommended creditcredit_score_neededTravel insuranceTrip delay insurance, Trip Cancellation and Interruption Insurance, Travel Accident Insurance, Checked and Carry-On Baggage Insurance, Secondary Auto Rental Coverage* Why we chose it: The American Express Business Platinum Card® offers an extensive list of benefits that make it a perfect choice for both business and travel needs.

With this card, you gain access to over 1,400 airport lounges worldwide, comprehensive travel insurance coverage, and additional perks at hundreds of hotels, such as daily breakfast and free internet access. Furthermore, the card offers up to $200 in credits that can be used for baggage fees, in-flight refreshments, and more. It also provides up to $100 in credits for Global Entry or for TSA PreCheck every four or 4.5 years, respectively (terms apply).

The Business Platinum Card® from American Express comes with bonus categories such as:

• 5x points on flights and prepaid hotels booked through AmexTravel.com

• 1.5x points on eligible purchases of $5,000 or more, regardless of the category

• 1.5x points at U.S. construction material and hardware suppliers, electronic goods retailers, software and cloud system providers, and shipping providers

The card also offers a 35% point refund when redeeming points for first- or business-class tickets, or any service class on a selected airline. However, it should be noted that to obtain the refund, you need to have enough points to cover the total cost of the flight you wish to book.

Despite its generous range of benefits, the Business Platinum Card® from American Express does have a high annual fee of 5. However, for business owners who frequently travel and take advantage of the card's annual credits and travel perks, the benefits may outweigh the cost.

Terms apply. Please click here for applicable rates and fees.

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Exploring Our Process for Selecting the Finest Travel Credit Cards

We conducted a comprehensive evaluation of travel credit cards to determine the best ones. Our rankings were based on several key factors, including annual fees, benefits, reward rates, and redemption options.

Fees: We meticulously compared the foreign, cash advance, and balance transfer fees of over 50 credit cards. Additionally, we took into account the annual fees and prioritized cards that provided excellent value for the cost.

Ongoing benefits: While introductory APR and bonus offers are attractive, we focused on cards that offered year-round benefits such as travel insurance or cell phone protection plans.

Reward rates: Our preference was for cards that allowed users to earn extra points from travel expenses and provided substantial bonus rewards in popular spending categories like dining, supermarkets, or streaming services.

Redemption flexibility: We took into consideration the flexibility of redemption options. Our picks didn't limit cardholders to only using their points for travel but also allowed redemptions for Amazon purchases, for example. We also favored issuers that allowed point transfers to airline and hotel partners.

A Comparison of the Top Travel Credit Cards in 2023

Credit cardBest forIntro bonusAnnual feeCreditCards.com ratingChase Sapphire Preferred®Welcome bonus60,000 points after spending $4,000 on purchases in the first 3 months from account opening4.9 / 5Capital One Venture Rewards Credit CardFlat-rate rewards75,000 miles after spending $4,000 on purchases within 3 months from account opening4.9 / 5Capital One VentureOne Rewards Credit CardFirst travel card20,000 miles after spending $500 on purchases within 3 months from account opening$04.1 / 5The Platinum Card® from American ExpressLuxury travel80,000 points after spending ,000 on purchases in the first 6 months of card membership54.8 / 5Bank of America® Travel Rewards credit cardOccasional travelers25,000 online bonus points after you make $1,000 in purchases in the first 90 days of account opening$04.1 / 5Capital One Venture X Rewards Credit CardAnnual creditsEarn 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening (equal to 0 in travel).$3955.0 / 5Citi Premier® CardEveryday spending60,000 points after spending $4,000 in purchases within the first 3 months of account opening4.7 / 5American Express® Gold CardFoodies60,000 points after spending $4,000 on eligible purchases within the first 6 months$2504.4/ 5Chase Sapphire Reserve®Point value60,000 points after spending $4,000 on purchases in the first 3 months from account opening$5505.0 / 5American Express® Green CardTransit60,000 points if you spend $3,000 in first 6 months and 20% back on eligible travel and transit purchases in first 6 months (up to $200 back as a statement credit)$1504.4 / 5Discover it® MilesNo annual feeDiscover Match: Discover will automatically match all the miles you’ve earned at the end of your first year$03.9 / 5Credit One Bank Wander® CardFair credit10,000 bonus points after spending $1,000 within the first 90 days from your account opening3.2 / 5Bank of America® Premium Rewards® credit cardBest for travel credits60,000 online bonus points after you make $4,000 in purchases in the first 90 days of account opening4.2 / 5Southwest Rapid Rewards® Plus Credit CardBudget flyersEarn 60,000 bonus points plus a 30% off promo code after you spend $3,000 on purchases in the first 3 months from account opening.4.5 / 5American Airlines AAdvantage® MileUp® CardNo-annual-fee airline card10,000 miles and a $50 statement credit after making $500 in purchases within the first 3 months of account opening$03.1 / 5United Quest℠ CardUnited MileagePlus members70,000 bonus miles plus 500 Premier qualifying points if you spend $4,000 in the first 3 months$2504.1 / 5Marriott Bonvoy Boundless® Credit CardHotels75,000 points after you spend $3,000 on your first 6 months, plus 50,000 points after you stay 6 eligible paid nights at hotels participating in Marriott Bonvoy® through 1/31/244.5 / 5

Advantages and Disadvantages of Travel Credit Cards

Though the alluring travel benefits and rewarding offerings of travel credit cards are tempting, it's essential to consider the pros and cons of each card to ascertain if it aligns with your travel and spending habits.

• Travel at a lower cost: Travel credit cards provide numerous money-saving advantages for cardholders. These include high travel reward rates, sign-up bonuses, and travel credits, all of which contribute to reducing the overall cost of travel.
• Bountiful perks: The finest travel credit cards enhance your overall travel experience with perks such as room upgrades, free nights, statement credits, and access to exclusive lounges.
• Fast track to elite status: While earning elite status with rewards programs typically takes time, certain travel credit cards expedite the process for airlines, hotels, and car rentals. This means you can start enjoying elite status benefits sooner.

• Complex rewards programs: Keeping up with the intricacies of travel rewards card programs can be confusing, especially when it comes to redeeming or transferring points to travel partners. It requires careful planning and calculation to ensure you maximize the value of your rewards.
• Limited redemption options aside from travel: Although some cards offer redemptions for non-travel-related options like statement credits or gift cards, these redemptions typically yield lower value compared to travel redemptions.
• Annual fees: Determining whether an annual fee is worthwhile can be challenging, especially since the best travel credit cards often come with fees ranging from to 0 for premier travel cards.

How to Evaluate the Value of Your Points and Miles

To determine the value of your points and miles, divide the cost of the cash version of your booking (such as a plane ticket or hotel room) by the number of points or miles required. Then compare this figure to Bankrate's valuation for the airline, hotel, or credit card rewards program.

For instance, if a flight on Southwest Airlines costs 0 or 50,000 miles, the value would be 1.6 cents per mile (0 divided by 50,000 miles equals $0.016 or 1.6 cents). Since this slightly exceeds our estimated value of 1.5 cents per mile, booking this flight would be a good deal.

However, if you redeem your points for a gift card and find that a $25 gift card costs 10,000 Southwest Rapid Rewards miles, the value drops to 0.25 cents per mile ($25 divided by 10,000 miles equals $0.0025 or 0.25 cents). Since this falls well below the desired value of 1.5 cents per point, it's better to use cash for the gift card and save your points for a more lucrative offer.

Maximizing the Benefits of Your Travel Credit Card

Whether you're planning a brief getaway or an extended trip, there are strategies to optimize your rewards from a travel credit card that can enhance your experience or help you save money. Whether your upcoming plans involve a trip to Walt Disney World, a ski resort, or a family gathering, here are some techniques you can use to elevate your future travels.

• Seize a welcome offer: To make the most of your purchases and benefit from travel rewards, seek out a card with an attractive welcome offer and a reasonable spending requirement. Certain sign-up offers can be substantial enough to earn you free travel.
• Utilize bonus rewards categories: Look for a travel rewards card that provides bonus points for the types of purchases you're most likely to make. For example, the Citi® Premier card offers 3 points for every $1 spent at restaurants, maximizing your points earnings if you frequently have lunch outside the office.
• Consider cards with transferable points: Some travel cards offer transferable points, which can be redeemed within a participating rewards program. Based on Bankrate's latest point valuations, finding the right high-value transfer partner can be an excellent way to maximize your rewards.
• Leverage credit card benefits: Your travel credit card may come with hidden perks that can enhance your travel experience and save you money. Examples include complimentary breakfast at hotels or free checked bags. During one trip, a family of four can easily recoup the card's annual fee through baggage fee savings alone. Additional benefits like coverage for lost baggage provide peace of mind while traveling.
• Combine credit cards: Pair your travel card with another credit card that offers high rewards for your most frequent spending categories. It's even possible to combine cards within the same rewards program. Chase, American Express, Capital One, and Citi all offer excellent credit card combinations that enable you to accumulate transferable rewards.
• Avoid foreign transaction fees: Make sure to bring a card that doesn't charge these common fees when using it internationally. Many credit cards impose a 3% charge for international purchases. Selecting a travel credit card that waives foreign transaction fees, such as those offered by Capital One and Discover, can save you money.

In the Spotlight: An Overview of Credit Card Travel Insurance

Travel insurance, also known as trip insurance, provides reimbursement or resources if unexpected incidents occur during your trip. The coverage offered by travel insurance can vary depending on whether it's provided through a credit card or purchased separately as a policy.

Credit cards may offer trip insurance as a benefit when you use your card to pay for expenses related to your trip. Credit card travel insurance can cover a wide range of events, including trip cancellation, trip interruption, lost luggage, and car rental loss and damage.

In some cases, the coverage provided by your credit card may suffice for your travel needs. However, it's crucial to confirm the benefits before you travel and ensure that they offer the necessary coverage, especially if you're traveling internationally or require a "cancel for any reason" policy.

In conclusion, choosing the best travel credit card can greatly enhance your travel experience and help you maximize the rewards and benefits that come with it. Whether you're a frequent traveler or someone who loves to explore new destinations from time to time, finding the right travel credit card can save you money, provide valuable perks, and offer peace of mind with travel protections. With a wide variety of options available, it's important to evaluate your own travel needs and compare the different features and rewards programs offered by each card. So go ahead and start planning your next adventure with the best travel credit card that suits your lifestyle and wanderlust. Happy travels!