Traveling can be pretty expensive, you’ll have to pay for flights, hotels, transport, and food. The costs soon add up, but there are ways that you can save money by spending money. Many financial companies will offer travel rewards credit cards to encourage their customers to spend money while they are on vacation. Here are the best of the bunch that are worth investing in.
Bank of America Travel Rewards Credit Card
Many travel rewards cards require you to pay an annual renewal fee, but that is not the case with this card from Bank of America. You earn points on everything that you buy with this card, 1.5 points per dollar spent and if you spend $1,000 in the first 90 days of signing up, you will get a free bonus of 20,000 points, which adds up to $200 worth. It’s a pretty quick return on signing up with the credit card service as you can book your vacation after signing up and pretty much make yourself $200 in points just spending money were going to spend anyway. If you are a Bank of America customer, you can earn a bonus ranging from 10% to 75% when you redeem your points, all depending on how much money you have in your bank account.
The Platinum Card, American Express
The Platinum Card doesn’t come cheap, but you get some incredible perks for your money. It’ll cost $550 to renew each year, but some will say that is money well spent. Using your card within your first three months can earn you up to 60,000 reward points, allowing you to make $5,000 worth of purchases. You’ll get $200 worth of Uber credits each year and also $200 worth of credit for airline fees. For every dollar you spend using your card you’ll receive five reward points, meaning the rewards will soon add up if you travel a lot. The Platinum Card will gain you access to over 1,000 airport lounges across the world, meaning you’ll be able to grab some food and a drink in peace away from the masses in the main airport lounges of the world.
Marriott Rewards Premier Plus Credit Card
For many people, they don’t really care about how they get to their vacation destination as long as they can enjoy their stay when they are there. For those people, the hotel they stay in is more important than pretty much anything else. For those who spend most of their travel budget on their hotel then the Marriott Rewards Premier Plus card is for them. It has a low annual renewal fee of $95, and for each year that you remain a customer, Marriott will gift you a free stay in one of their hotels. Each dollar that you spend at a Marriott Rewards participating hotel will earn you 6 reward points, meaning you can rack up the points pretty quickly on vacation. You’ll be upgraded to silver status on renewing your account, giving you exclusive offers, late checkout options and a 20% bonus on rewards points earned.
The cost of travel soon adds up, so it is often worth getting a rewards card if you travel pretty regularly. You’re going to be spending that money anyway so you might as well try and get some rewards for doing so.