Traveling has become an essential part of modern life, and having a reliable travel credit card is essential for making the most out of your trips. With the variety of cards available in the market today, it can be difficult to decide which one is right for you. That’s why we’ve compiled a list of the best travel credit cards of March 2023 – to make sure you have all the information needed to make an informed decision.
Top 3 Credit Cards:
1) The Chase Sapphire Preferred Card is one of the best credit cards for travel enthusiasts. Cardholders earn 2x points on all travel and dining purchases, making it easy to rack up rewards quickly. This card also offers a sign-up bonus of 100,000 points after spending $4,000 in the first three months, which can be worth up to $1,250 when redeemed through Chase Ultimate Rewards.
2) Another great option for frequent travelers is the American Express Platinum Card. While it has a higher annual fee than most other cards on this list at $695 per year, it comes with a long list of perks that make it worth considering. These include airport lounge access through Amex’s Global Lounge Collection network, up to $200 in annual airline fee credits and Uber credits each year, and automatic elite status with Hilton Honors and Marriott Bonvoy.
3) Lastly, the Capital One Venture Rewards Credit Card is an excellent choice for those who want flexibility with their rewards. This card earns unlimited 2x miles on every purchase and has no foreign transaction fees. It also offers a sign-up bonus of 100,000 miles (worth $1,000 in travel statement credits) after spending $20,000 in the first year or still earns 50k miles after spending $3k within three months from account opening – which can help offset any travel costs you may have accrued while earning your rewards.
1. Card 1
Card 1: Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card is one of the most popular travel credit cards on the market. It offers a sign-up bonus of 100,000 points after spending $4,000 in the first three months of account opening. These points can be redeemed for $1,250 in travel through the Chase Ultimate Rewards portal or transferred at a 1:1 ratio to several airline and hotel partners. Additionally, cardholders earn 2x points on all travel and dining purchases and 1x point per dollar spent on everything else.
Other noteworthy benefits include no foreign transaction fees and primary rental car insurance coverage when renting with the card. The annual fee for this card is $95, which is relatively low compared to other premium travel credit cards. Overall, the Chase Sapphire Preferred Card is an excellent choice for anyone looking to earn valuable rewards while traveling without breaking the bank with high annual fees.
2. Card 2
The second card on our list of the best travel credit cards for March 2023 is the Chase Sapphire Preferred Card. This card offers a sign-up bonus of 100,000 points after spending $4,000 in the first three months. That translates to a value of $1,250 when redeemed through Chase Ultimate Rewards. Plus, cardholders earn two points per dollar spent on dining and travel purchases worldwide.
Another perk of this card is that it has no foreign transaction fees, making it an ideal choice for international travelers. Travel benefits include trip cancellation and interruption insurance as well as primary rental car insurance coverage. With an annual fee of $95, this card offers great value for frequent travelers looking to maximize their rewards and benefits.
3. Card 3
Card 3 on the list of best travel credit cards for March 2023 is the Chase Sapphire Preferred Card. This card offers a sign-up bonus of 100,000 points after spending $4,000 within the first three months of account opening. These points can be redeemed for $1,250 in travel through the Chase Ultimate Rewards program. Additionally, cardholders earn two points per dollar spent on travel and dining purchases and one point per dollar spent on all other purchases.
One unique feature of this card is that it comes with trip cancellation/interruption insurance and primary rental car insurance when you pay for your rental with the card. It also has no foreign transaction fees, making it a great option for international travelers. The annual fee for this card is $95.
Overall, if you are someone who frequently travels and dines out, the Chase Sapphire Preferred Card could be a valuable addition to your wallet. With its generous rewards program and useful travel benefits, it may just make your next trip even more enjoyable.
Pros and Cons:
Pros: Travel credit cards offer a variety of benefits that can make your travels more enjoyable and cost-effective. Many travel credit cards provide rewards points or cash back for purchases made on travel-related expenses, such as flights, hotels, and rental cars. These rewards points can be redeemed for free flights, hotel stays or other travel-related expenses. Some travel credit cards also offer exclusive perks like priority boarding access, airport lounge access or free checked bags which can save you money in the long run.
Cons: While there are many benefits to using a travel credit card when traveling, there are also some potential drawbacks to consider. Some travel credit cards come with high annual fees and interest rates that could negate any rewards earned if not paid off promptly. Additionally, some travel credit cards have restrictions on how you can redeem your rewards points which may limit their usefulness to you if you prefer certain airlines or hotel chains that aren’t covered by the card’s rewards program. Lastly, opening too many new lines of credit in a short period of time to earn sign-up bonuses could harm your credit score in the long term.
For those who may not be interested in applying for a travel credit card or who may not qualify for one, there are other options available to help save money on travel expenses. One option is to sign up for loyalty programs offered by hotels, airlines, and rental car companies. By accumulating points with these programs, travelers can earn free stays, flights or car rentals.
Another option is to use cashback or rewards apps like Rakuten or Honey. These apps offer cash back on purchases made through their platform at participating retailers. The cashback earned can then be used towards future travel expenses such as flights or hotel stays.
Lastly, travelers can also consider using discount websites such as Groupon or LivingSocial to find deals on activities and experiences in the areas they plan to visit. These websites often have discounted prices for popular attractions and restaurants which can help save money during a trip. With these alternative options available, travelers can still enjoy savings on their trips even without a travel credit card.
In conclusion, choosing the best travel credit card can be a daunting task. With so many options available in the market, it’s important to evaluate what you want from your credit card and compare different offers. Whether you’re looking for rewards points, lounge access or cashback on purchases, make sure to select a card that aligns with your needs and spending habits.
It’s also important to consider the fees associated with each card. Annual fees, foreign transaction fees, and balance transfer fees can add up quickly over time. Make sure to factor these costs into your decision-making process when selecting a travel credit card.
Overall, having a good travel credit card is an essential part of any traveler’s toolkit. By taking advantage of the benefits offered by these cards, you can save money on flights, hotels, and other travel expenses while earning rewards at the same time. Just remember to use your credit card responsibly and pay off balances in full every month to avoid accruing interest charges.
In conclusion, choosing the best travel credit card can be a daunting task, with so many options available in March 2023. However, by doing your research and considering your personal travel preferences, you can find a card that will offer you great rewards and benefits while saving you money on your trips. Whether you are looking for free flights, hotel stays or cash back on purchases made while traveling, there is a card out there for you.
When making your decision, don’t forget to consider factors such as annual fees, foreign transaction fees, and interest rates. These can all add up over time and eat into the value of any rewards earned. Additionally, look for cards that offer flexibility in redeeming rewards points or miles so that you can maximize their value.
Overall, taking the time to choose the right travel credit card can pay off in dividends when it comes to saving money and getting more out of your travels. So do your research and make an informed decision based on what matters most to you!