Business Tips: 3 Best Credit Cards to Receive Travel Benefits
Choosing the right credit card is like choosing the right suitor. There are a few non-negotiable qualities one must consider before investing in a long-term relationship. For example, is this person willing to make compromises? This is similar to: does this credit card offer flexibility (more opportunities for redemptions – no blackout dates, multiple partners, etc.)? Or, does this person have good qualities that outweigh the bad qualities? This resembles: are the annual fees justified by the rewards and benefits? All are important points to keep top-of-mind when choosing your next credit card. Here are our top credit cards to receive travel benefits:
One of the most alluring benefits for signing up with Chase is if you spend $4,000 within the first 3 months of opening an account, you will earn 50,000 bonus points. Another attractive benefit for travelers is there are no foreign transaction fees. There is a $95 annual fee associated with the card after the first year; however, when you calculate all the money saved using bonus points, the fee doesn’t alter your bottom line.
The first advantage for using the Capital One VentureOne Rewards card is there are no annual fees. Next, you’re not limited to redeeming with one airline or hotel brand. Also, there are no foreign transaction fees and most importantly, you earn 1.25 miles per every dollar spent on any purchase! Depending on your credit, APR averages from 12.24%-22.24%, which kicks in 12 months after opening an account.
Aside from the most important benefit, no foreign transaction fees, Barclaycard Arrival offers 2 miles per every dollar spent on any purchase as well as 5% miles bonus when you redeem your points. It is also the only travel card with a 0% introductory APR on balance transfers. The Barclaycard is similar to the Capital One card but has an $89 annual fee.
Regardless of which credit card you decide to open, always make sure you have your non-negotiables covered: no foreign transaction fees and the option to earn miles per every dollar spent. The rest depends on whether you’re traveling for business or pleasure. For more information about business travel tips, visit our Q&A Residential Hotel blog.