Carrying a travel rewards card is a must if you are planning for a vacation this summer. The travel rewards card has a rewards program that allows you to earn miles for every dollar spent. The miles can be exchanged for discounts when you order a travel product/services. Vacation in another country almost always incur a lot of expenses. However, with a travel card, you can at least earn back some of the money you have spent. The following are the 3 best travel rewards credit cards that can consider signing up if you are planning for a vacation in the summer of 2018.
1. Chase Sapphire Preferred
With Chase Sapphire Preferred, you can automatically earn 60K bonus points when you charge a total of $4,000 on the card within 3 months. The 50K bonus points is worth $750 toward your travel expenses when redemption is claimed via Chase Ultimate Rewards If you add someone as an authorize user on your card, they will reward you with another 5K bonus points. It offers 2x points when you use the card to pay for your travel and dining expenses worldwide. Swiping your card for other expenses will earn you 1x point. Zero fee is charged when you use the card in a foreign country. Chase Sapphire Preferred features a 1:1 point transfer.
2. Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card allows 50K miles will be credited into your account upon reaching $3,000 in total expenses in 3 months. The card rewards program offers unlimited 2x point on per dollar spent on all purchases. When you book your accommodation via hotels.com/ventureb, you have the opportunity to earn 10 miles per dollar. The card is suitable for traveler as it has no foreign transaction fee. It doesn’t have any minimum for redeeming the points so the rewards points can be used to cover a cab ride that cost as little as a few dollars. The annual fee which costs $95 is waived in the first year.
3. Bank of America Travel Rewards Credit Card
Bank of America Travel Rewards Credit Card has a flat rate rewards program that give 1.5 points for every dollar spent. It has waived the two fees including annual and foreign transaction fees. If spend $1,000 in 90 days, they will send 20K bonus points to your account. The 20K bonus points is worth $200 in statement credit in travel purchases. You will earn an additional 10%-75% bonus points depending on how much you have in the account if you are a customer of the Bank of America, Merill Lynch, and Merrill Edge. Points that you redeem can exchanged into statement credit and use as a discount on flights, accommodation and car rental.