Finding Out The Best Travel Credit Card Deal
If you travel a lot then one of the best travel credit cards out there should be a part of your regular credit card. These are great because they allow you to earn air miles as well as cash back when you use them to book flights and hotels. In order to find the best credit card for travel, you have to take several things into consideration. They include reward rates, annual fees, and other hidden charges.
The best travel credit card for most frequent travelers is the one that has the best reward rates. Most cards today offer anywhere from one percent to two percent back on all purchases. The first thing to compare when comparing reward rates is the APR. This is the annual percentage rate. Annual fees vary greatly, and you’ll need to compare them all before settling for the one with the best rate.
Some of the best travel credit cards out there offer special incentives for the first few months after you open the account. Some offer a welcome bonus once you make your first purchase. This bonus may be equal to or greater than the cost of the reward. Others even offer substantial savings off of the cost of purchases made in the member’s country. If you travel extensively then this could be one of the best incentives you could get. Keep in mind though that the actual cost of your purchases may be even better, depending on the various promotional rates.
If you travel frequently then the best travel credit card for you is the one that offers the best redemption value. All airline credit cards offer varying rates on flight tickets. Many cards offer a higher redemption value on one flight than the next. Research these rates carefully before deciding which card to choose. With the right airline credit cards you can actually save money on your airfare costs.
Other credit cards which offer great rewards also have an additional incentive for frequent fliers. They may offer a cash back reward whenever they are used for purchasing airline tickets. The actual amount of money returned may vary from one company to another, and some companies offer double the amount of rewards. So it is wise to shop around and find out which airline cards have the best deals when it comes to earning rewards.
Credit cards with travel rewards are usually a lot more flexible in terms of spending restrictions and other expenses. If you fly a lot for business trips or on holidays then an airline rewards card is an excellent choice. You can spend more money on the actual trip rather than just the rewards that you earn. In this way you can actually spend more money towards purchasing souvenirs, eating out and other expenditures that you would have otherwise had to budget for.
A second card which offers great benefits is the Capital One Rewards Club. This particular credit card is owned by Chase Bank which has many locations in all parts of the United States. The credit card offers five different reward rates that you can choose from. The rate for earning miles is a little higher than for the usual miles program, but you do not have to worry about redeeming your rewards because you will be able to do so whenever you book your trip.
The fifth best credit card is the Discover More card which does not own any airline partners. It offers no cash back rewards, but does have a superior reward rate. In addition, you get to enjoy other services such as free airline scans, free checking account, no annual fee and unlimited points for every dollar that you spend. Apart from those great benefits, the Discover More card allows you to make purchases at a variety of merchants worldwide. This makes it perfect for those who travel a lot.