4 BEST TRAVEL CREDIT CARDS For Beginners 2020 (How To Travel For Free!)
Mark Reese // Credit & Finance
ā¢August 18th, 2020
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Using credit cards to travel for free is a LOT OF FUN and allow you to save money on travel in a BIG way! Click "Show More" to see Ad Disclosure.
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In short, there are 4 major credit card point systems that offer HUGE flexibility. They are:
- Chase Ultimate Rewards
- Citi ThankYou Points
- American Express Membership Rewards
- Capital One Venture Rewards
Now, letās talk about the 4 credit cards that each of these banks offer that allow beginners to break into these ecosystems for massive savings!
FIRST is the Chase Sapphire Preferred card. It allows you to earn 2X points on travel, 2X points on dining, and 1X points on everything else. It also comes with 1 year of DashPass membership and the ability to earn 5X points on Lyft rides at least through March 2022. There are no foreign transaction fees, and the card has an annual fee of $95. The value of one Ultimate Rewards point averages 2Ā¢ each when redeemed for travel via transfer partners, 1.25Ā¢ each when redeemed directly on Chaseās travel portal, and 1.0Ā¢ each for cash back.
In case you're wondering...YES...the Chase Sapphire Preferred card is a metal credit card :-)
The current Chase Ultimate Rewards transfer partners are:
Aer Lingus, AerClub
British Airways Executive Club
Emirates Skywards
Flying Blue Air France KLM
Iberia Plus
JetBlue TrueBlue
Singapore Airlines KrisFlyer
Southwest Airlines Rapid Rewards
United MileagePlus
Virgin Atlantic Flying Club
IHG Rewards Club
Marriott Bonvoy
World of Hyatt
SECOND is the Citi Premier card. It allows you to earn 3X points on airfare and hotels, 3X points on restaurants, 3X points on supermarkets, 3X points at gas stations, and 1X points on everything else. It comes with an annual $100 hotel credit and does NOT charge foreign transaction fees. The annual fee is $95. The average value of Citi ThankYou points is 1.7Ā¢ each toward travel via transfer partners, 1.0Ā¢ each toward travel via Citiās portal, and 0.5Ā¢ each for cash back.
The current Citi ThankYou transfer partners are:
Aeromexico
Asia Miles
Avianca Lifemiles
Emirates Skywards
Etihad Guest
EVA Air
Flying Blue Air France KLM
JetBlue TrueBlue
JetPrivilege
Malaysia Airlines Enrich
Quantas Frequent Flyer
Qatar Privilege Club
Singapore Airlines KrisFlyer
Thai Royal Orchid Plus
Turkish Airlines Miles & Smiles
Virgin Atlantic Flying Club
THIRD is the American Express Green Card. Youāll earn 3X points on travel, 3X points on restaurants, 3X points on transit, and 1X points on everything else. It comes with an annual $100 CLEAR credit and an annual $100 LoungeBuddy credit. In short, CLEAR helps you get through airport security faster, and LoungeBuddy gets you into airport lounges. Check out the links below to learn more about them. The Amex Green Card has an annual fee of $150.
CLEAR: https://www.clearme.com
LoungeBuddy: https://www.loungebuddy.com
The value of 1 Membership Rewards point averages 2.0Ā¢ each when redeemed for travel via transfer partners, 1.0Ā¢ each when redeemed on the Amex Travel portal, and 0.6Ā¢ each for cash back.
The current Amex Membership Rewards transfer partners are:
Aer Lingus Aer Club
Aeromexico
Air Canada
Air France KLM Flying Blue
Alitalia Millemiglia
ANA Mileage Club
Asia Miles
Avianca Lifemiles
British Airways
Delta SkyMiles
El Al Israel Airlines
Emirates Skywards
Etihad Guest
Hawaiian Airlines
Iberia Plus
JetBlue TrueBlue
Quantas Frequent Flier
Singapore Airlines KrisFlyer
Virgin Atlantic
Choice Hotels
Hilton Honors
Marriott Bonvoy
FOURTH is the Capital One Venture card. It earns 2X points on everything and comes with a $100 credit that can be used toward TSA Pre-Check or Global Entry. There are no foreign transaction fees, and the card has an annual fee of $95. The value of 1 Capital One Venture Rewards point is about 1.4Ā¢ each when redeemed via transfer partners, 1.0Ā¢ each for travel-related statement credits, and 0.5Ā¢ each for cash back.
The current Capital One transfer partners are:
Aeromexico
Air Canada
Alitalia
Asia Miles
Avianca LifeMiles
Emirates Skywards
Etihad Airways
EVA Air
Finnair
JetBlue TrueBlue
Quantas Frequent Flyer
Singapore AKrisFlyer
Accor Hotels (Accor Live Limitless)
Wyndham Hotels (Wyndham Rewards)
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcards #travelcreditcards #travelforfree
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