There’s no denying that flights are cheap at the moment, so it’s the perfect time to travel if you’re looking for cheap deals!
Travel Credit cards offer a range of protection while you’re on holiday, while many will give additional benefits and interesting reward programs.
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Here’s a list with five of the best credit cards if you’re planning to travel frequently, with something to suit almost every need.
The Best Credit Cards for People Who Love To Travel
The ‘best’ credit card for travel is pretty subjective. It’ll depend on exactly what you’re looking for, so we’ve found five great options that all offer something a little different.
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We’ll start with the most popular credit card company in the States, that offers a competitive card with notable extras.
American Express Gold Card (apply here)
AmEx is possibly the best known CC company, with 114.4 million cards in circulation as of December 31, 2019.
Their Gold Card is what we’re looking at here. You will have to pay a $250 annual fee, but that is offset by a host of additional benefits.
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You’ll receive ‘Airline Fee Credit’, which “gives up to $100 in statement credits per calendar year when incidental fees, like checked bags and in-flight refreshments, are charged by the airline to your Gold Card account.”
Their reward scheme also gives three times as many points when booking flights, which quickly add up if you’re a frequent flyer.
Capital One Venture Rewards Credit Card (apply here)
If you’d prefer a cheaper annual fee ($95), the Capital One Venture Rewards Credit Card is a great alternative for travelers. There are no foreign transaction fees which is a welcome addition, and they offer a one-time credit of up to $100 for Global Entry or TSA PreCheck.
That would pay for the annual fee itself, while you can earn 100,000 bonus miles if you spend $20,000 on purchases in the first 12 months from the date of your account opening.
If that’s too high, you can still get 50,000 miles if you spend $3,000 on purchases in the first 3 months. They also have a variety of loyalty programs, as well as ‘automatic insurance for a covered loss at no extra charge when you use your credit card to purchase your fare’.
TD First ClassSM Visa Signature Credit Card (apply here)
For a low interest, low-cost option, the TD First ClassSM Visa Signature Credit Card is one to consider. The annual fee is $89, but it’s waived for the first year, and they’ll give three times the miles for every dollar spent on travel and dining.
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For international trips, there’s no fee charged on purchases made outside the U.S., which is perfect if you’re constantly flying out on business.
Wells Fargo Propel American Express Card (apply here)
If no annual fee is the most important aspect, there’s the Wells Fargo Propel American Express Card. You’ll get three times as many points on ‘eating out and ordering in; Gas stations, rideshares, and transit; Flights, hotels, homestays, and car rentals; Popular streaming services.’
With 0% APR for the first 12 billing cycles, it’s a great low-cost option if you’re hoping to rack up points on a budget.
Chase Sapphire Reserve (apply here)
Lastly, we’re looking at the Chase Sapphire Reserve Credit Card. It’s geared towards users who travel frequently, with ‘3x Points on Travel and Dining from airfare and hotels to fine dining and cafés’.
There are 50,000 bonus points on offer if you spend $4,000 on purchases in the first 3 months from your account opening, which works out as ‘$750 toward airfare, hotels, car rentals and cruises when you redeem through Chase Ultimate Rewards.’
It’s a great deal if you want a card specifically for use during travel, or if you plan to use it frequently to get the most points possible in a short period of time.
The Best Credit Cards for Travel: Summary
As we’ve mentioned, the ‘best’ card will depend on the user. Are you going for multiple business trips, or are you planning to go traveling in a far-flung location for a year or two?
You’d be better served using a different card based on your own circumstances, although rates are competitive across the board.
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The annual fee acts as a buffer for the best cards, but that doesn’t mean that there aren’t decent options that offer great value for money. This is especially true if you’re hoping for air miles, free travel insurance, or no foreign transaction fees.
We’d advise to pay off any debt as quickly as possible, especially if you’re relying on 0% APR for the time being.