Whether you are a frequent traveler or are planning your next family vacation, choosing the best credit cards for travel miles will help you save money. These five best credit cards for travel allow you to earn miles, save on travel expenses and easily book your flights and accommodations online. Compare the bonuses and fees of the following travel credit cards to determine which one you should apply for.
Capital One Venture Rewards Credit Card
You will earn 40,000 bonus miles if you spend $3,000 within three months of opening your account. You can redeem these miles or trade them for a $400 statement credit for your travel expenses. You will then earn two miles per $1 spent. Your miles will never expire and you won’t have to pay a fee for foreign transactions. The annual fee is only $59 but you won’t have to pay it the first year.
Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card has a slightly higher annual fee of $95, which is also waived the first year. You can earn 50,000 points or a $600 credit statement towards your travel accommodations if you spend $4,000 during the first three months. You will then earn 2 points for every dollar spent on travel-related expenses and 1 point for other types of expenses. There are no fees on foreign transactions.
Platinum Delta SkyMiles Credit Card
This is one of the best credit cards for travel if you frequently fly with Delta. It is offered by American Express and you can earn 35,000 bonus miles if you spend $1,000 within the first three months. You will receive a $100 statement credit if you purchase airfare from Delta and will then earn 2 miles for each dollar spent with Delta. Other expenses will allow you to earn 1 point for each dollar. There is a $195 annual fee, no fees on foreign transactions and 10,000 additional miles if you spend $50,000 a year.
Bank Americard Travel Rewards Credit Card
You can earn 20,000 bonus points or a $200 statement credit towards your travel expenses by spending $1,000 within the first three months. There is no annual fee, no foreign transaction fee and you can get free room upgrades by booking your accommodation with this card. You will earn 1.5 points for each dollar you spend, but you can get 10% more points if you already have a checking or savings account with Bank of America. You can earn even more rewards if you already are a Preferred Reward client.
Barclaycard Arrival Plus World Elite MasterCard
This MasterCard gives you the possibility to transfer a balance with 0% interest if you do so within the first 45 days of opening your account. If you spend $3,000 within the first three months, you will earn 50,000 bonus miles or a $500 statement credit towards travel expenses. There is no annual fee the first year but you will have to pay an $89 annual fee after that. You can earn two miles per dollar spent on this card and will get 5% miles back when you redeem them.
The best travel credit card depends on how much you typically charge to your credit card in a month and on whether you want to earn miles or other types of rewards. Keep in mind that APRs vary in function of your credit score. Take the time to compare these five cards and to look at other options before choosing a travel credit card.