If you are a frequent traveler, it is essential to choose a credit card that allows you to optimize your trips with travel rewards, without fees for foreign transactions and other similar benefits. Fortunately, there are a host of vendors looking to win your order with a generous benefits package that will not only get you to your destination for less, but will also reward you for your expenses while you’re there. Choosing a benefits package that suits your individual needs is key: some cards offer better benefits for hotel stays, others offer more comprehensive benefits for flights. Aside from opting for a benefits package that will be relevant to your requirements, other key considerations to keep in mind are standard things like APRs, annual fees, and monthly charges – a card that offers lounge access and free drinks on board can look attractive, but if it comes with an annual fee of more than $ 500, you will need to think twice if the costs outweigh the benefits. To help you filter your options, check out our recommendations for the 10 best credit cards for international travel.
1. Reserve Chase Sapphire
There’s a reason Chase Sapphire Reserve was voted the “Best Premium Travel Credit Card” of 2018 by MONEY Magazine. The card comes with a number of very generous travel benefits that go a long way towards justifying the admittedly hefty $ 450 annual fee. Spend $ 4000 on purchases within the first 3 months of account opening, and you’ll be rewarded with a sign-up bonus of 50,000 points (equal to $ 750 for travel purchases redeemed through Chase Ultimate Rewards). You will continue to earn points for the life of the card at a rate of 3 x points per $ 1 on travel purchases, 3 x points per $ 1 on food and restaurants, and 1x points per $ 1 on all other purchases. Other benefits include no overseas transaction fees, a $ 300 annual travel credit, and a 1: 1 point transfer scheme to participating airline and hotel loyalty programs.
2. Chase Sapphire Preferred
Another entry from Chase comes with Sapphire Preserve. In contrast to the hefty $ 450 annual fee in the Reserve, the Preferred charges a comparatively less than $ 95 per year. For this, you will get 60,000 points when you spend $ 4000 in the first three months from the opening of the account; 2 points per dollar on travel and dining at restaurants around the world and 1 point per dollar on all other purchases; no commissions for foreign transactions; and the option to add 25% to the value of your points when you redeem them for travel purchases in Chase Ultimate Rewards.
3 Capital One Venture Rewards Credit Card: Best Credit Cards for Travel
With a reasonable APR of 17.99% -25.24% (V) and an annual fee of only $ 95 (with the added bonus of not applying the first year), the Capital One Venture Rewards credit card has all the characteristics of a great credit card. Key travel benefits include a $ 100 application fee credit for Global Entry or TSA Pre✔, a 50,000-mile sign-up bonus (equal to $ 500) if you spend $ 3000 within the first 3 months of sign-up, 2 x miles on daily purchases and 10 x miles on hotels booked through hotels.com/venture and the option to transfer your miles to more than a dozen leading travel loyalty programs.
4. American Express Platinum Card: the best credit cards for travel
If you can handle the massive $ 550 annual fee, signing up for the American Express Platinum Card will give you some of the best travel benefits. Top benefits include a full membership points program, $ 200 airline credit to be used against incidental fees like checked baggage, access to over a thousand airport lounges, a $ 100 application fee credit to Global Entry or TSA Pre✔, complimentary Hilton Honors Gold status, complimentary Starwood Preferred Guest Gold status, enhanced rental car membership status, and free access to Boingo’s Wi-Fi network. Unsurprisingly, there is also no foreign transaction fee.
5. Bank of America Travel Rewards credit card: propel card benefits
With the Bank of America Travel Rewards credit card, you will earn 25,000 bonus points after spending $ 1000 in the first 3 months after account opening (equivalent to $ 250 for travel purchases), 1.5 points per dollar spent on all purchases and a 0% introductory APR on all new purchases for the first 12 months. Best of all, there is no annual fee.