Wednesday, October 20, 2021

Travel

How do travel rewards on credit cards work? Top FIVE rewards credit cards

Today’s adventurers and once-a-year vacationers love the idea of ​​earning rewards for their next big trip. According to a study, 71 percent of American adults say they have a credit card that offers travel rewards. With the best credit cards for rewards, you earn points or miles every time you use the card, but you can often earn more points per dollar in select categories. Some of the major travel credit cards, like Chase Sapphire Reserve, offer bonus points on any travel expense, while the Marriott Boundless credit card awards bonus points only when you use it at Marriott hotels.

Chase Sapphire Preferred

If you normally fly with an airline, a co-branded card can provide benefits that the Chase Sapphire Preferred Card does not offer, but if you want flexibility in earning and redeeming rewards, this is one of the best cards. You can use the rewards of the Chase Sapphire Preferred Card in many places. You earn 2 points for every dollar spent on food and travel and 1 point per dollar on everything else. The card comes with a sign-up bonus of 60,000 bonus points after spending $ 4,000 on purchases in the first 3 months of account opening.

Bank of America Travel Rewards

The Bank of America Travel Rewards credit card is among the best travel credit cards. You will enjoy flexible redemption policies and will not pay an annual fee. You earn 1.5 points for every dollar spent on any purchase, and each point is worth 1 cent. That is a relatively high rewards rate considering the annual fee is $ 0. Points can be exchanged for a credit against travel purchases, which gives you the freedom to book during any season. Simple rewards and flexible redemption have made this card brand one of the most popular travel credit cards on the market.

Wells Fargo Propel American Express

If you are looking for exclusive travel benefits, this is not the card for you. However, if you want great rewards for an unbeatable price, it is hard to do much better than the Wells Fargo Propel American Express card. The Wells Fargo Propel American Express card gives you 3 points per dollar spent in a wide range of categories, including restaurants, gas stations, ridesharing, transfers, streaming services. Earn 30,000 bonus points when you spend $ 3,000 on purchases within the first 3 months.

Bank of America Premium Rewards

Bank of America customers with large balances can earn great rewards with this credit card. The Bank of America Premium Rewards credit card is a good option for any traveler, but it is among the best travel credit cards for people with high balances in checking, savings or investment accounts at Bank of America. The basic rewards rates are 2 points per dollar spent on travel, meals, and 1.5 points per dollar on all other expenses. Receive 50,000 bonus points after making at least $ 3,000 in purchases during the first 90 days of account opening.

Ink Business Preferred Credit Card

If your business needs a good travel card, the Ink Business Preferred credit card offers great rewards in common expense categories, and the sign-up bonus is exceptional. Business owners want the most value for every penny, and the Ink Business Preferred credit card can help them get it. New cardholders can earn a jumbo sign-up bonus worth 80,000 bonus points after spending $ 5,000 on purchases in the first 3 months of account opening. You earn 3 points per dollar spent on travel.

Conclusion

Not all points and miles earned are the same. General-purpose travel credit cards give you rewards that can be used as cash to pay for travel or that can be exchanged for points. Specific cards for airlines and hotels award points and miles that can only be used with the brand on the card.

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