Wednesday, March 27, 2013

Air Travel: What's Hot Now: Top 5 Rewards Cards for Travelers

Air Travel: What's Hot Now
These articles that had the largest increase in popularity over the last week // via fulltextrssfeed.com
Top 5 Rewards Cards for Travelers
Mar 27th 2013, 11:01

I am not a credit card guru, so when BillShrink.com weighed in with their take on the best credit cards for earning frequent flyer miles, I had to take a look - and am sharing their picks for the top 5 credit cards for air travelers.

BillShrink.com is a search engine that helps find the best credit card to match one's personal spending habits. With any of the cards listed below, a complete list of features, as well as the ability to apply for any of the cards, are available at their website. Foreign transaction fee info is added (some companies charge a percentage - a fee - for using their card out of country).

1. Capital One Venture Rewards Card

BillShrink's number one choice for reward card. Features include:

  • 2 miles for every dollar spent.
  • 10,000 miles after initial purchase requirements are met.
  • They'll waive the $59 annual fee for the first year.
  • Foreign transaction fee = 0%

The 10,000 miles essentially adds up to a $100 credit for any airline ticket purchase.

2. Capital One Orbitz Visa Platinum

Capital One Orbitz Visa Platinum is not only about flights, but hotels and car rentals as well.

Features:

  • 3 points for every dollar spent on Orbitz booking your flights, hotels and cars
  • 1 point per dollar for all other purchases.
  • And a bit of double dipping - bonus points just for redeeming points.
  • No annual fee.
  • Foreign Transaction Fee = 0%

3. Chase Sapphire Preferred Card

Chase Sapphire Preferred Card offers 25,000 miles, which is enough for a free flight within the Continental United States or Canada after spending $3,000 in the first 3 months of having your card. 

Other features include: earning 7% interest on your mileage balance, double points for all airfare booked through Ultimate Rewards, and no blackout dates on travel.

The $85 annual fee can be waived for the first year. Note the foreign transaction fee is 3%.

4. Discover Escape Card

One of Discover Escape Card's unique features is you receive rewards of 1,000 bonus miles for each month you make a purchase during your first 25 months (and again, 25,000 miles is an airline ticket). 

Double miles are offered on all purchases, and an additional 2 miles for every $1 spent at ShopDiscover.com. Foreign transaction fee is assessed at 2%.

5. American Express Starwood Preferred Guest Card

This card isn't specifically air travel related, however BillShrink gives it high marks overall. You can transfer the points earned with this card to over 30 airline frequent flyer programs.

A sign-up bonus of 10,000 points is enough for 3 free nights hotel accommodation (after your first purchase). An additional 2 points for every $1 spent at Starwood.  The $45 annual fee can be waived for the first year.  A foreign transaction fee of 2.7% is assessed where it applies.
 

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