5 Coveted Credit Cards for Travel Rewards and Bonus Miles
Chase Sapphire Preferred Card
This card allows you to transfer your rewards points to the company's travel partners at face value. If you spend at least $4,000 in your first three months, you receive 40,000 bonus points. You get 20 percent off trips booked through the Chase website as well as two points to the dollar for travel purchases. The card has no foreign transaction fees and its signature and chip technology give you extra protection when traveling abroad.
Capital One Venture Rewards Credit Card
This card allows you to book trips without blackout days. Every dollar spent gets you two bonus miles. If you spend $3,000 in the first three months, you receive 40,000 bonus miles worth approximately $400 of travel costs. Other benefits include travel accident insurance, auto rental insurance and unlimited airline miles.
Southwest Airlines Rapid Rewards Premier Credit Card
If you spend $1,000 with this credit card in the first three months, you receive 25,000 bonus points. These bonus points can be used to cover one round-trip flight. You also get two points for every dollar with Southwest Airlines purchases, and 6,000 bonus points on your cardholder anniversary. When flying with Southwest Airlines, your first and second checked bags are free.
Discover It Miles
With this Discover rewards card, every dollar spent on purchases gives you 1.5 bonus miles. This amount is doubled at the end of the first year for a total of three miles per dollar spent. Book travel at any time with any airline or hotel, and receive up to $30 of credit per year of in-flight Wi-Fi costs credited back. This card has no annual or foreign transaction fees.
American Express Starwood Preferred Guest Credit Card
This card earns you one point per dollar for standard purchases and up to five points with participating SPG hotel purchases. Make purchases through the travel portal for discounts, and transfer your points to airline programs for flight rewards. You get 25,000 bonus points if you spend $3,000 in your first three months.
Travel rewards cards allow you to collect points or bonus miles on both standard and travel purchases. They can be redeemed for hotel stays, flights and other rewards for big savings. However, some credit cards offer larger benefits than others, including new cardholder bonus points, extra points per dollar for certain travel purchases, and big discounts on travel. These five cards offer some of the most desired benefits for travelers.