Most people are unaware that they can get rewards from traveling with credit cards. However, smart users can make the most of these cards and use the bonuses to increase their credit scores. While signing up for a new credit card, make sure to pay off the entire statement each month, as this will help you increase your credit score. Similarly, if you carry any debt, it will negate the travel points that you earn.
Capital One Savor Cash Rewards Credit Card
The Capital One Savor Cash Rewards Credit Card is a great option for travelers, especially since it has no annual fee and a $95 annual fee. This card also offers a variety of bonus benefits, including no foreign transaction fees and a $0 fraud liability. The American express platinum card can be used anywhere MasterCard is accepted, including international destinations. You can also earn points toward free airfare and hotel stays when you use it abroad.
This card is available for travelers with excellent credit. This typically means a FICO or Vantage Score of 720 or higher. Capital One is very specific about what constitutes “excellent” credit. It includes no bankruptcies, no late payments, and no missed payments. Those with less than perfect credit may not qualify for the Capital One Savor Cash Rewards Credit Card. To apply for the card, you must first obtain a credit score of at least 700. Also, you must have income sufficient to meet the monthly payment requirements. You can check your score for free on WalletHub.
You can also earn cash back from purchases made through the Capital One Savor Cash Rewards Credit Card. For example, if you purchase tickets to a concert or play, the credit card will give you up to eight percent cash back. Cashback rewards can be redeemed for statement credits, gift cards, or cash back. The cash back earned can be used to pay for tickets to shows or to events in the past.
Chase Sapphire Preferred Card
If you’re looking for a credit card that offers great travel rewards, you should consider the Chase Sapphire Preferred Card. With this card, you’ll get 80,000 points on your first purchase. That’s more than enough to go on vacation or pay for airfare. The bonus is redeemable for travel expenses through Chase Ultimate Rewards. And you don’t have to pay an annual fee to earn it!
When you spend on a certain merchant with this card, you earn Chase Ultimate Rewards points. Each point is worth 1.25 cents. And you can redeem your points for purchases on the Ultimate Rewards travel portal, which includes flights, hotels, car rentals, cruises, dining, and more. You can also transfer your points to travel partners at a 1:1 ratio. And, unlike some other cards, you don’t have to pay any foreign transaction fees.
If you have an upcoming trip, you can make use of the Chase Sapphire Preferred Card’s trip delay protection. This card offers full coverage for flight delays, lost luggage, and car rentals. This card also comes with a global lifeline to help you in an emergency. You can also get extended warranty protection on eligible items. If you are in a hurry to purchase a new car, the Chase Sapphire Preferred Card can help you out.