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The information about the Capital One Savor Cash Rewards Credit Card and the Bank of America® Customized Cash Rewards Secured card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuers. Compare the best travel credit cards of 2022
A closer look at Bankrate’s top travel credit cardsCapital One Venture Rewards Credit Card: Best overall travel card
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Why expert Jacqueline DeMarco loves the Capital One Venture Rewards Credit Card. Wells Fargo Autograph Card: Best for no annual fee + boosted rewards
Learn more: Wells Fargo Autograph benefits guide. Capital One VentureOne Rewards Credit Card: Best for flexible travel miles with no annual fee
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Reasons to get the VentureOne Rewards Card. Chase Sapphire Preferred Card: Best for mid-level travel perks
Learn more: Why expert Jordan Bishop loves the Chase Sapphire Preferred Card. Capital One Venture X Rewards Credit Card: Best value for premium travel
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more: Why our expert Ana Staples loves the Capital One Venture X Card. The Platinum Card from American Express: Best for luxury travel
Learn more: Why expert Holly Johnson loves the Platinum Card® from American Express. Bank of America Premium Rewards credit card: Best Bank of America travel card
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more: Why expert Sara Coleman loves the Bank of America Premium Rewards Card. Discover it Miles: Best for earning unlimited miles
Learn more: Why experts Holly Johnson loves the Discover It Miles Card. Bank of America Travel Rewards credit card: Best for qualifying travel purchases
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Is the Bank of America Travel Rewards card worth it? American Express Gold Card: Best for travel rewards on dining
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Amex Business Gold Benefits Guide. Citi Premier Card: Best for travel rewards on everyday purchases
Learn more: Why expert Erin Gobler loves the
Citi Premier Card. Chase Sapphire Reserve: Best for travel redemptions
Learn more: Why expert Holly Johnson loves the Chase Sapphire Reserve
Card. Credit One Bank Wander Card: Best for fair credit
Learn more: Best travel credit cards for people with bad or fair credit What is a travel credit card?Travel credit cards allow cardholders to earn points or miles on a variety of purchases (typically travel-related), which are redeemable for travel bookings, statement credits, gift cards and more. The best travel credit cards do more than help you foot the bill for your next flight—travel cards also offer perks to upgrade your entire travel experience. Trip insurance, annual travel credits, concierge services and lounge access are all common benefits. Airline and hotel co-branded credit cards sometimes offer specific discounts and perks for loyalty program members. How do credit card points and miles work?Credit card points and miles are two of the three types of credit card rewards, in addition to cash back. Credit card points and miles have slight differences but work in mostly the same way: You earn rewards by making purchases using your credit card and storing up those points for travel, gift cards and other options. How do credit card points work?General-purpose travel rewards cards typically earn credit card points on all purchases, but some cards, like the Capital One Venture lineup of cards, earn miles. These cards aren’t tied to any particular airline or hotel rewards program, which gives you more flexibility in how you redeem your rewards. You’ll find that most of these cards have a variety of redemption options beyond travel, like statement credits, gift cards, shopping and more. Your redemption options, including for travel, are typically valued at the same rate of 1 cent per point, though some cards may decrease the value for certain options, such as for gift cards. For even greater flexibility, a number of the top travel cards let you transfer your points to frequent-flyer and hotel-loyalty programs, sometimes at a 1:1 rate. The real world value of airline and hotel points can vary dramatically, so it’s smart to seek out transfer options that go above a 1-cent value and avoid options that are worth less. How do travel miles and points work?Co-branded credit cards tie their rewards to a specific airline or hotel loyalty program. These types of travel cards tend to be less flexible because they’re often only redeemable for travel with the airline, hotel or one of its partners. But these cards often have specific benefits you won’t find with a general-purpose travel card, along with multiple partners or brands for travel bookings, which can make up for the lack of flexibility. On top of the chance to earn higher rewards rates for airline or hotel purchases, you may also have an easier time reaching elite status with your favorite hotels or airlines. This can help you score cost-saving benefits like free nights, companion passes, free checked bags or priority boarding. Want to learn more? Read our full guide on how travel credit cards work. Types of travel credit cardsAs with other types of cards, travel credit cards offer you a lot of variety to choose from. Notable features include issuer travel portals with boosted rewards value, hotel and airline loyalty status and credits for some of your favorite products and services. To zero in on which card might best fit your needs, consider the different categories of travel cards. Pros and cons of travel credit cardsAlthough a well-chosen travel card can pay huge dividends, it might not be the right move for every traveler. Before you apply, take time to weigh the benefits versus the drawbacks of travel credit cards. Pros
Cons
Who should get a travel credit card?A travel credit card is almost always a good idea if you want to offset the cost of future travel. If you are able to save up airline miles, rack up points for free nights at hotels or get discounted travel through your credit card issuer, you’re on your way to saving significantly on travel costs. The right travel card will vary depending on your travel habits, but there is at least one that can fit your travel style and budget. Still unsure if a travel credit card is right for you? Check out our Credit Card Spender Type Tool where you can get personalized credit card recommendations based on your credit score, spending habits and daily needs. How to choose the best travel credit card for youA good travel credit card can make traveling easier and more affordable. The best travel credit cards earn cardholders free or heavily discounted trips, assist during travel emergencies and keep fees to a minimum (or skip them altogether). With the right information, you can find the best travel credit card for you and your travel habits. When deciding on a travel credit card, keep the following in mind: Airline or hotel loyaltyA co-branded credit card will carry the name of a specific airline or hotel. You’ll get the most value out of its rewards when redeeming them with that particular airline or hotel. While your options for redeeming points are limited, these cards also give you access to exclusive perks, like priority boarding or free room upgrades with the carrier or chain in question. Travel protectionsMany credit card issuers offer cards that provide protections like trip cancellation/interruption insurance, rental car coverage in case of an accident, emergency assistance, lost luggage insurance and concierge services. Annual feeMost luxury travel cards carry a steep annual fee. This cost can typically be offset by lucrative rewards and added perks, such as airport lounge access and free checked bags. To see if an annual fee is worth it, compare a card’s cost with the value you receive from its rewards, statement credit offers and added perks that you plan to use. Sign-up bonusA good sign-up bonus could translate into free airfare or other travel purchases. As a rule of thumb, the higher the annual fee, the higher the sign-up bonus should be. Before you sign up, ensure that you can reasonably cover the spending required to earn the bonus. Travel rewards vs. cash back rewardsCredit card rewards generally come in two varieties: cash back or travel. You should get a travel credit card if you purchase plane tickets or hotel stays several times per year and you’re comfortable with paying an annual fee (in many cases) in exchange for higher rewards rates and travel perks. A cash back credit card is a better fit if you don’t travel regularly but still want to earn decent rewards on your spending. Lightbulb Bankrate insight Airbnb and VRBO offer travelers the feeling of a home away from home, but that’s not all. You can also earn miles or points if you book your stay with travel cards that reward eligible vacation rentals. How to compare travel credit cardsTo make sure a travel card is right for you, take some time to compare it with other cards with similar features to see which provides the best value for you. This could help you avoid missing out on a card with better benefits. Here are some factors to consider as you compare travel cards. Earning travel rewardsWhen comparing travel credit cards, consider the rewards each one offers along with your spending habits and goals. If you value simplicity and ease of use, a flat-rate travel card that offers the same rate for all of your purchases could be your best option. If you’re looking to maximize your points and miles and don’t mind redeeming rewards with a particular airline or hotel brand, a co-branded airline or hotel credit card may be a good fit. But if you don’t travel frequently or want a travel card with more flexibility in how you earn and redeem rewards, look for a general-purpose travel rewards card that earns bonus points or miles for travel and your top everyday purchases. Redeeming travel rewardsYour travel card’s redemption options and value are also worth considering when comparing cards. Most travel cards give you the best value when you use your rewards to pay for upcoming travel, typically through the issuer’s travel portal. But for greater flexibility, you may want to look at cards that offer a variety of redemption options, such as redeeming points to cover past travel purchases, which gives you the freedom to book with third-party websites. Or you may want a card with transferable points, which lets you move your rewards over to an airline or hotel loyalty program. This could help stretch the value of your points and miles even further. You’ll also want to consider the value of your points or miles, which can fluctuate based on how you redeem, including when and where you book travel. If you think you’ll want to redeem your rewards for something other than travel, like statement credits or gift cards, make sure you choose a card that offers a redemption value of at least 1 cent per point or mile for those options. Otherwise, you’re better off using cash and saving your points and miles for travel redemptions. Travel perksThe best credit cards for travel perks come with features and benefits that make travel more rewarding. If you like to travel in style, there are cards that make it easier to reach elite status or cards that come with complimentary lounge access or travel credits worth hundreds of dollars, which can make first-class airfare or luxury hotel accommodations more affordable. Annual feeComparing the annual fees and features of similar travel cards can help you quickly narrow down your options. If you don’t want to pay an annual fee for a travel card, make sure to compare no-annual-fee cash back vs. no-annual-fee travel cards to make sure you get the right card for you. Keep in mind that some credit card annual fees may be worth it if the card offers valuable perks or rewards. Sign-up bonusThe best travel sign-up bonuses can knock anywhere from $200 to $1,000 or more off your next travel bill — but don’t just look at the size of the offer. When comparing travel cards, make sure the spend requirement fits your budget and doesn’t force you to overspend. Travel protectionsCredit card travel insurance is a feature that could save you from having to purchase standalone insurance and give you the peace of mind that you’re covered in the event something goes wrong with your trip. But the type of coverage and even the amount you receive can vary from card to card, so you’ll need to pay close attention as you compare travel cards. Foreign transaction fees and international acceptanceIf you travel overseas, check to see if the card you’re considering charges a foreign transaction fee. And since some credit cards aren’t as widely accepted as others, you’ll also want to make sure your credit card will work when traveling overseas. What are your points and miles worth?Reward redemption values vary greatly, and since many airlines and hotels use dynamic pricing models that can adjust prices at a moment’s notice, it can be hard to know if you’re getting a good deal. Finding the best way to use points for travel starts with knowing how much your rewards are worth. When you know the value of your points and miles, you can make better travel decisions. Budget shoppers who use a travel card with transferable points will have a better idea of how to shop around for the best rates. Travel hackers will have an easier time knowing when to use points or save them for another trip when they’ll be more valuable. To make sure you’re getting maximum value for your rewards, divide the cost of a plane or hotel booking in cash by its cost in points or miles. This will show you the cash value of your points or miles. Then take a look at the following points and miles valuations from Bankrate and compare the value you get with our estimate of what your points or miles should be worth on average. Airline rewards values
*Based on weighted average of median point/mile values across economy and first/business class fares. Hotel rewards values
*Based on median point values across budget, mid-tier and luxury hotel bookings. Credit card program rewards values
*Based on an average of the issuer’s five highest-value transfer partners (if available). When to use rewards vs. cashHere’s an example: We estimate American Airlines Aadvantage miles are worth 1 cent. If you book a seat in the main cabin on a one-way flight from Boston to Miami, and it costs either $139 or 21,500 miles, your miles are only worth $0.006 ($139 / 21,500 miles = $0.006). Since your miles for this flight are worth less than 1 cent, you may want to save your miles and pay cash for this flight. But if you book a first-class seat on the same flight for $433 or 31,500 miles, your miles are now worth $0.013 ($433 / 31,500 = $0.013). Since 1.3 cents is higher than our 1-cent baseline valuation, you’re coming out ahead if you use your miles to pay for this flight.
How we chose our list of top travel rewards cardsBankrate evaluates credit cards on a 5-star system that factors in attributes such as annual fees, APR, rewards value and welcome bonuses. To make our list of best travel rewards cards, our writers and editors pay particular attention to: Rewards structureThe best travel card for you will allow you to earn the most rewards for your specific spending habits. The cards in our lineup cover a variety of programs geared toward hotel lodging, dining, air travel costs and other factors. In general, the best travel cards reward you with two to three points per dollar on bonus categories. Travel perksThe top travel rewards cards offer travel-specific benefits that take the hassle out of travel. Some perks we looked for are designed to save you money, including trip cancellation insurance, delayed baggage insurance, rental car insurance, checked bag discounts and travel credits. Other perks are all about making your experience more comfortable, such as airport lounge access, flight and hotel upgrades and concierge service. Annual feesAnnual fees are common among travel credit cards, but our top picks that charge these fees make it easy to get your money’s worth. Some luxury cards with very high annual fees might be worth the expense for frequent travelers who put a premium on comfort. Sign-up bonusThough long-term value should always be weighed the most heavily, travel credit cards often come with sign-up bonuses that can be worth a flight or two. We highlight the most competitive offers so that, all other factors equal, the better sign-up bonus can help you make a decision. Foreign transaction feesForeign transaction fees can make or break the value of a travel credit card, especially if you travel outside the country often. This fee typically tacks on an extra 3% to purchases made overseas, so our top-rated travel cards tend to be of the no-foreign-transaction-fee variety. Video guide: What is a travel credit card?Have more questions for our credit cards editors? Feel free to send us an email, find us on Facebook, or Tweet us @Bankrate. More information on travel credit cardsInflation is curbing the value of the dollar and adding financial stress to consumers across the country. This is already forcing 79 percent of holiday travelers to change their plans. But before you cancel your travel plans, it may be worth considering some of the ways a credit card can fight inflation. Since most travel cards earn rewards for some of the hardest-hitting categories — gas and groceries — stockpiling rewards for your next trip could potentially soften the rising costs and help you save on your upcoming holiday travel. Plus, some cards, namely the American Express Gold Card, the Chase Sapphire Reserve Card and the Citi Premier Card, have been offering increased bonuses, which can help to further drive down the costs of travel. In some cases, it may even be possible to score free holiday travel with the right credit card sign-up bonus. If you have to travel this upcoming holiday season, now may be the perfect time to sign up for one of these travel cards. * See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer. What credit card gives you the most points?Best rewards credit cards. Best Overall: American Express® Gold Card.. Runner-Up: Capital One Venture Rewards Credit Card.. Best for Cash Back: Alliant Visa® Signature Credit Card.. Best for Luxury Travel: Chase Sapphire Reserve®. Best for Groceries: Blue Cash Preferred® Card from American Express.. How much is 25000 travel points worth?25,000 travel points are worth $250, on average, though the value depends on the card's rewards program and the redemption method. For example, Bank of America Travel Rewards points are worth 1 cent per point when redeemed for travel, so 25,000 points are worth $250.
How much is 75000 miles worth?75,000 Capital One miles are worth up to $525 when redeemed for Travel. You can also redeem Capital One miles for a statement credit, a check or gift cards, among other options, though the redemption value will likely be lower.
Is it worth getting travel card?Quite simply, you can save a lot of money with a travel credit card. If it's your main card on holiday, then you can potentially save a fortune in fees. Specialist travel cards do not charge fees for foreign spending, unlike most everyday credit cards.
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