Review: Top 5 Travel Reward Cards

A lot of consumers use credit cards not just while traveling, but also for booking airline tickets, making reservations at hotels, and much more. There are several advantages that credit cards offer. Firstly, you don’t need to carry bundles of cash with you on long journeys. Secondly, you can avail of the many benefits that card companies offer to those who use credit cards, such as discounts on airfares and hotel bookings.

Here is a list of credit cards especially advantageous to those who travel frequently.

Chase Sapphire Preferred Card: This card offers you the potential to earn a large bonus right after you sign up. You stand to receive 50,000 points if you spend $4,000 on purchases in the first 3 months from account opening. This translates into $625 toward travel when you redeem through Chase Ultimate Rewards. Other than that, you get 2X points on travel and dining at restaurants worldwide, and 1 point per dollar spent on all other purchases. You also get 1:1 points transferred to leading airline and hotel loyalty programs. If you use your earned points to book travel through Chase Ultimate Rewards, then they are worth 25% more. There are no foreign transaction fees, blackout dates or travel restrictions – as long as there is a seat on the flight, you can book it.

The APR for this card varies between 17.49% - 24.49%. While there is no annual fee for the first year, from the second year you will be asked to pay $95 per year.

The Capital One Venture Rewards Credit Card: This card is popular for its flexibility and ease of earning points and redemption. You earn 2 miles per $1 spent on everything. These miles have no expiration date and can be redeemed for credit against most travel expenses without worrying about any minimum redemption amount.  The card offers a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, which translates to $500 in travel.

There are no foreign transaction fees and no annual fees for the first year. From the second year, you’ll need to pay $95 per year. The APR for this card varies between 14.49% - 24.49%.

Bank of America Travel Rewards Credit Card: The card offers a sign-up bonus of 20,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of account opening. That can translate to a $200 statement credit toward travel purchases. Apart from that, you earn 1.5 points per $1 spent on anything, and each point is worth 1 cent. These points can be redeemed for credit against travel purchases, and you can book during any season, with any carrier or hotel chain. Also, you earn an additional 10% customer points bonus on every purchase when you have an active Bank of America checking or savings account.

The unique feature of this card is that it comes without an annual fee. There are no transaction fees, and the APR varies between 16.49% - 24.49%.

Ink Business Preferred Credit Card: Generally preferred by business owners, this card offers 80,000 bonus points after you spend $5,000 on purchases in the first 3 months of account opening. This translates into $1,000 toward travel when you redeem through Chase Ultimate Rewards. Moreover, you stand to earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. On all other purchases, you earn 1 point per $1 spent. Points don’t expire as long as your account is open, and can be redeemed against travel, cash back, gift cards and more. Moreover, they are worth 25% more when you redeem for travel through Chase Ultimate Rewards.

The card has no foreign transaction fees, but there is an annual fee of $95. The APR varies between 17.49% - 22.49%. 

United MileagePlus Explorer Card: This may be the best airline credit card out there. You earn 40,000 bonus miles after you spend $2,000 on purchases in the first 3 months your account is open. Apart from that, you get 2 miles per $1 spent on tickets purchased from United and 1 point per $1 on everything else. The card offers primary rental insurance. Also, you can enjoy priority boarding privileges and visit the United Club℠ with 2 one-time passes each year for your anniversary. Moreover, you and a companion each get a free checked bag when you travel. 

The card has no foreign transaction fees, but there is an annual fee of $95 from the second year onwards. The APR for the card varies between 17.49% - 24.49%.

$50,000 - $250,000 of Unsecured Credit at 0% Interest:

At Fund&Grow, we help clients with good credit obtain $50,000 - $250,000 of unsecured credit at 0% interest for a period of 6, 12 or 18 months. The amount can be used for anything from funding a business to providing a down payment on a property. So, if you have this kind of requirement, call us at (800) 996-0270 and we’ll do our best to help you reach your financial goals.