Top 3 Travel Credit Card Offers for Excellent Credit
Looking for a travel rewards credit card for your international trips but don’t want to deal with confusing rewards programs?
There are credit cards that offer easy-to-understand rewards without expensive foreign transaction fees. And, if you have excellent credit, you’re in the ideal position to qualify for them.
The biggest advantage of these cards is that you can shop around for the cheapest travel deals without limiting yourself to specific airlines, hotels, cruise lines, car rental agencies, and more. Then, simply redeem these rewards to pay off your travel purchases.
We’ve reviewed more than 150 credit cards and here are the top 3 credit cards with stellar travel rewards and no fees for swiping your card internationally:
For a travel rewards credit card with a high travel rewards rate with no annual fee, the BankAmericard Travel Rewards Credit Card is hard to beat. You’ll earn a flat 1.5 points per dollar spent on everything. The points can be redeemed for statement credits toward travel purchases made in the past 12 billing cycles, cash back, and gift cards.
Travel statement credits will get you the most value from your points. Each point is worth 1 cent while the points are worth less when redeemed for cash back and gift cards.
Additionally, if you are a Bank of America checking or savings account customer, you get 10% more points. Effectively, you’ll earn 1.65 points per dollar spent on everything.
As an introductory bonus, you’ll get 20,000 bonus points when you spend $1,000 in the first 90 days of having the card. Also, there’s a 0% APR on purchases for the first 12 billing cycles (variable APR of 15.74% - 23.74% after that).
Why we like it: You earn a rewards rate that keeps up with more premium travel cards — without the annual fee. Plus, the lack of foreign transaction fees means the card is good for foreign travel. The typical foreign transaction fee is 3% of the purchase.
To amp up your travel rewards, you could opt for the Barclaycard Arrival PlusTM World Elite MasterCard. You’ll earn 2 miles per dollar on all spending. Redeem these miles for statement credits towards recent travel spending — those made in the past 120 days.
Each mile is worth 1 cent of travel statement credit. You can also redeem the miles for cash back and gift card statement credits. However, you’ll only get 0.5 cents per mile from these rewards. Whenever you make a redemption, you’ll get 5% miles back. Effectively, you’re earning 2.1 miles per dollar on spending.
There is no foreign transaction fee, so don’t worry about extra expenses for using the card during your foreign trips.
The new sign-up bonus is 50,000 miles when you spend $3,000 during the first 90 days owning the card. Note that the card has a $95 annual fee. At a rate of 2.1 miles earned per dollar, you’ll have to spend $4,524 per year to make up for the annual fee.
Why we like it: For big spenders, the higher cash back rate is worth the annual fee. The large sign-up bonus is worth at least $500 in free travel, which already makes up for 5 years worth of the annual fee.
The USAA Preferred Cash Rewards Visa Signature card is designed for those military members who prefer simple travel rewards. You earn a flat 1.5% cash back on all purchases. Like the other cards on the list, you won’t have to pay any foreign transaction fees.
The biggest benefits of this card, in addition to the travel perks, include special APRs and waived finance charges for military members on active duty.
The card has no annual fee. Note that USAA only accepts customers who are affiliated with the U.S. military — not everyone will be eligible for their credit cards and other products.
Why we like it: It’s a simple cash back credit card for military members and their family. The card offers significant interest-rate reductions for those on active military duty.
Travel rewards doesn’t have to be complex. Any one of these cards can be used as your main credit card for all spending. Soon, you’ll realize how much travel rewards you can redeem. As always, travel rewards credit cards are ideal if you don’t carry a monthly balance and you prefer to earn free trips on purchases that you’re going make anyway.