Before applying for a credit card for travellers that offers rewards, you must be clear about your needs and budget since in this way you can choose the best travellers credit card that best suits your travelling habits. After you establish your needs, you should know the following concepts and advantages that the cards offer.
Security
The provisions of the Fair Credit Billing Act protect credit cards security. With this protection, if you suspect that you have been the victim of fraud when making online purchases, you can stop paying for the purchase. In addition, depending on the type of credit card and the bank, you will not be responsible for unauthorized purchases made with the credit card.
Points or miles
Most credit cards offer a certain amount of miles/points for every purchase or dollar you spend. After obtaining a certain amount of points/miles, you can exchange them for cash, gift cards or use them to make purchases at participating stores.
APR or interest
The APR on a credit card is the percentage of the annual rate that you will have to pay. You should choose a credit card that has low interest rates and a low annual fee. Since this way, you will not get into debt and the monthly payments of the card will be more comfortable.
Charges for transfers abroad
When you are traveling abroad and use your credit card, some banks may charge you a fee to change currency. Because of this, you should choose a card that offers zero charges for transfers or purchases abroad, so that you do not overspend.
Top travel friendly credit cards –
Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card offers 2 miles for every dollar you spend or on every purchase. In addition, you can earn 10 miles on hotel reservations. After you spend $ 3,000 in the first 3 months of opening the account, you can earn a 50,000 bonus in miles. You can redeem the miles you earn to buy hotel rooms, cruises, and flights, rent a car, etc. When you obtain the credit card, you can receive up to $ 100 in credit.
Chase Sapphire Preferred
With the Chase Sapphire Preferred credit card, you can earn 50,000 points after you spend $ 4,000 on purchases during the first 3 months of opening the account. Points can be redeemed for cash, gift card, or products offered by Chase. If you want to exchange them for cash, the 50,000 points have a value of $ 500. For travel, this card offers several benefits such as the opportunity to earn 2 points on each purchase you make. You can buy plane tickets, eat in restaurants or reserve a hotel room and receive points.
Wells Fargo Propel American Express
The Wells Fargo Propel American Express Card offers an additional 30,000 reward points when you spend $ 3,000 on purchases in the first 3 months. The 30,000 points are worth $ 300 in cash. You can earn 3 points when you buy meals in restaurants, gasoline, public transport, flights, hotels, etc. The card has no annual fee. You can buy tickets to concerts, plays and special events before they go on sale with the Wells Fargo Propel American Express credit card.
Bank of America Travel Rewards
With the Bank of America Travel Rewards credit card you can earn 1.5 in points for every dollar you spend, anywhere. You will not have to pay an annual fee or foreign transaction fees. The points you earn can be used to pay for flights, hotels, vacation packages, cruises, car rentals or baggage charges. The Bank of America Travel Rewards credit card offers 0% interest for the first 12 billing cycles for purchases.