Best Credit Card For Cash Back On Travel
Introduction
Traveling is a wonderful experience that everyone should have at least once in their lifetime. However, it can be costly, especially if you're planning to travel frequently. This is where the best credit card for cash back on travel comes in handy. With the right credit card, you can earn rewards and cash back on your travel expenses, which can help you save money and make your next trip more enjoyable.
Factors to Consider When Choosing a Credit Card for Travel
Before you decide which credit card is the best for cash back on travel expenses, it's important to consider the following factors:
- Rewards program
- Annual fee
- Foreign transaction fees
- APR
- Sign-up bonus
The Top Picks for Best Credit Card for Cash Back on Travel
1. Chase Sapphire Preferred Card
One of the most popular travel credit cards in the United States is the Chase Sapphire Preferred Card. With this card, you can earn 2x points on all travel and dining purchases and 1x point on all other purchases. There is a $95 annual fee, but it's waived for the first year. The Chase Sapphire Preferred Card also offers a sign-up bonus of 60,000 points when you spend $4,000 within the first three months of account opening.
2. Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card is another great option for those looking for cash back on travel expenses. With this card, you can earn 2x miles on all purchases, and there are no foreign transaction fees. The annual fee is $95, but it's waived for the first year. Additionally, you can earn a sign-up bonus of 50,000 miles when you spend $3,000 within the first three months of account opening.
3. Discover it Miles Credit Card
If you're looking for a credit card with no annual fee, the Discover it Miles Credit Card might be the perfect option for you. With this card, you can earn unlimited 1.5x miles on all purchases. Additionally, there's no foreign transaction fee, and your rewards never expire. Plus, Discover will match all the miles you've earned at the end of your first year.
4. American Express Blue Cash Preferred Card
The American Express Blue Cash Preferred Card is a great option if you spend a lot on groceries and gas. With this card, you can earn 6% cash back on your first $6,000 in grocery purchases each year, 6% cash back on select U.S. streaming subscriptions, 3% cash back on transit including taxis/rideshare, parking, tolls, trains, buses and more, 3% cash back at U.S. gas stations, and 1% cash back on all other purchases. There's a $95 annual fee, but the rewards easily make up for it.
Conclusion
Choosing the best credit card for cash back on travel expenses can be challenging, but it's worth the effort. The right card can help you save money, earn rewards, and enjoy your travels to the fullest. Keep in mind the factors to consider when choosing a card, and consider one of the top picks we've shared in this article.