Credit Cards Travel Reward and Other Reward Points
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Travel reward credit cards are used to avail free reward points that can be redeemed while booking airfares, hotels and even in the form of hard cash. In order to provide such services to their customers, credit card issuing companies partner up with various travel companies to attract customers into buying their travel credit cards. By using these cards, a customer can get loads of free air tickets, hotel rooms and even whole vacations.
The Citi Simplicity Card
There are many travel reward cards which offer lucrative offers. The first one among many such cards is the Citi Simplicity Card. This card offers an introductory period offer for twenty-one months. During this offer period, there are no interest rates charged on the transactions performed by the user.
As an additional bonus, the card does not feature any annual fees, nor does it comes with any late fees. The only charges which the user has to incur are a three percent balance transfer fee. The annual percentage rate on the card ranges from 12.99 percent to 22.99 percent.
The Discover It Cashback Match Card
The second card is the Discover It Cashback Match card. During the first year of its use, the card offers a cashback offer for each dollar that is spent by the customer. The card also offers category-specific bonuses that earn a five percent bonus in cashback. Like the Citi Simplicity Card, the It Cashback card doesn’t have any annual fees.
The cashbacks received by the customers can be exchanged for charity donations, statements credits and even charitable donations. Additionally, a person can also earn a fifty dollar cashback by means of referrals after the referred person’s account has been approved.
The BankAmericard Credit Card
The BankAmericard Credit Card one of the best cards out there for balance transfer. The BankAmericard charges zero percent interest for balance transfers for 18 billing cycles. However, the credit score required for issuing this card is nominally more than that required for other cards. Similar to the Citi Simplicity card, the BankAmericard also charges a three percent balance transfer fee.
The credit card comes along with an EMV chip for enhanced protection while performing transactions at chip enabled terminals. The annual percentage rate charged on this card after the 18 months offer period ranges from 10.99 percent to 20.99.
The American Express Blue Cash Preferred Card
The next card on the list is the American Express Blue Cash Preferred. This list was organized mainly for travellers willing to benefit from cashbacks. However, this is one card for which a person doesn’t need to be a traveller to benefit from.
This card rewards the user even if they use it to purchase groceries or gas. The customer also receives a 250 dollar in statement credits on spending 1000 dollars within the first three months. However, the Express Blue Card is not cheap. It comes with an annual fee of ninety five dollars a months.
The Barclaycard Arrival Plus
Another card which offers reward points is the Barclaycard Arrival Plus World Elite Mastercard. This card offers twice the reward points for every dollar spent. This is the only card on the list which offers rewards points on using the rewards points. The card offers a five percent miles redemption bonus for using the accumulated reward points.
These rewards can be used for travel expenses on AirBnB stays or on award ticket fees. It also charges an annual fee which amounts to eighty nine dollars per year from the second year. The card charges the annual percentage rate of 16.99 – 23.99 percentage.
The Chase Freedom Card
The final card in this list is the Chase Freedom card. It offers an introductory period of only fifteen months. However, it has various other advantages associated with it. The customer receives 100 dollar bonus for only five hundred dollars spent in the first three months. The user also receives a twenty five dollar bonus for authorizing himself with the card. Additionally, the card also offers cashbacks on all purchases. The rewards received on this card also never expire. The card also offers purchase protection, concierge service and roadside and travel assistance.
There are various advantages and limitations of using travel rewards credits cards. The most obvious advantages received by the use of these rewards credit cards are the rewards received by the user. The user also receives various discounts at multiple outlets.
However, there are multiple disadvantages which accompany these advantages. These cards are associated with a high annual charge. Therefore, a customer should always carefully go through the terms and conditions before opting for the credit card.