Best Travel and Airline Miles Credit Cards – September 2015

I’ve already listed the best cash back rewards credit cards, but another popular area is travel rewards credit cards. These are often sponsored by airlines and hotel chains, but not always. While travel rewards won’t be as flexible as cash, the potential value can be much greater. I’ve been able to stay at historic hotels and fly all around the world with these kinds of cards, something I probably would never do otherwise.

Here are what I see as the top travel and airline miles credit cards available on the market today. For each card, I’ll try to provide real-life examples on how what you can use the miles or points to redeem for rewards.

Chase Sapphire Preferred ImageChase Sapphire Preferred® Card – The Chase Sapphire Preferred Card offers new cardholders 40,000 bonus points after $4,000 in purchases within the first 3 months. This is quite a good deal, as 40,000 points can be redeemed for $500 in travel when you redeem through Chase Ultimate Rewards™. Earn 5,000 additional bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening.

The card features 2 points per dollar spent on travel and dining at restaurants as well as travel expenses, and 1 point per dollar spent on everything else. No foreign transaction fees when using the card abroad. No annual fee the first year, $95 after that.

bofa_travelrewards191BankAmericard Travel Rewards® Credit Card – New cardholders of the BankAmericard Travel Rewards® credit card can acquire 20,000 bonus points after making at least $1,000 in purchases during the first 90 days.  Unlimited 1.5 points per $1 spent are earned on all purchases and there are no foreign transaction fees or annual fees to worry about. A 0% intro APR on purchases for 12 billing cycles is also included (standard APR is 14.99% – 22.99% variable). Bank of America customers can get an additional 10% customer points bonus on every purchase when they have an active Bank of America® checking or savings account.  If you’re a Preferred Rewards client, you can increase that bonus to 25% – 75%.  Learn more about the Preferred Rewards Program.

Expedia Card from CitiExpedia®+ Card from Citi – Just launched, the Expedia®+ Card from Citi gets out of the gate with a $50 statement credit after your first eligible Expedia purchase greater than $50 within the first three months of account opening.  New cardmembers will also earn 10,000 Expedia+ rewards bonus points after spending $1,000 within the first three months of ownership, which is redeemable for $100 in coupons at +VIP Access™ hotels.  Every cardholder will automatically receive Expedia+ silver status each year their card stays active and one elite qualifying hotel night towards Expedia+ gold status for each increment of $2,500 in purchases in a calendar year.  Last but not least, there is no annual fee to own the Expedia®+ Card from Citi.

Discover it Miles ImageDiscover it Miles Double Miles your first year – The brand new travel rewards card from Discover, the Discover it Miles offers 1.5 points on every dollar spent, all year round.  As a HUGE added bonus, Discover will double your points for the entire first year, effectively making your cash back rate 3%!  Also included with the Discover it Miles Double Miles your first year is a $30 annual fee rebate on in-flight Wi-Fi fees, a monthly free FICO score (part of all Discover it products) and NO ANNUAL FEE.  You’re not going to find a card with a better rewards program on this list and no annual fee.

ThankYou Preferred Citi ImageCiti ThankYou® Preferred Card $200 in Gift Cards –  The Citi ThankYou® Preferred Card is their higher tier card with a focus on travel rewards. You earn 1 ThankYou point for every dollar you spend on purchases. The sign-up promotion is 20,000 bonus ThankYou® Points after $1,500 in purchases within 3 months of account opening. That’s worth $200 in gift cards.

But with this card, you will get a 33% bonus when you redeem for airfare through the ThankYou Travel Center (not overpriced flights, the prices are equivalent to Expedia). So the same 20,000 points can be redeemed for $266 in airfare. In addition, you actually earn points for the miles you fly when you purchase a ticket with your Citi ThankYou Preferred Card.

Marriott Rewards® Premier Credit CardMarriott Rewards® Premier Credit Card – The Marriott Rewards Premier Credit Card is another card that is great at racking up free nights at hotels. You can get:

  • The fastest way to earn Marriott Rewards points towards free nights
  • Earn 50,000 Points after spending $1,000 on purchases on your first 3 months from account opening
  • Receive 1 Free Night Stay at a Category 1-5 location every year after your account anniversary date!
  • Introductory Annual Fee of $0 the first year, thereafter $85
  • For every $1 spent, earn 5 points at 3,800 Marriott locations, 2 points on airline ticket purchases directly with airlines, at car rental agencies & restaurants and 1 point everywhere else
  • Receive 15 Elite Credits guaranteeing Silver Elite Status or better
  • No limit to how many points you can earn
  • Pay no foreign transaction fees and enjoy wider acceptance when you travel with your embedded chip card and you make purchases at chip-enabled card readers

Marriott properties include Renaissance Hotels, Courtyard, Residence Inn, and Fairfield Inn & Suites. You can also earn 5 points per dollar at 3,800 Marriott locations, 2 points on airline ticket purchases directly with airlines, at car rental agencies & restaurants and 1 point elsewhere.

American Express Starwood Preferred Guest CardStarwood Preferred Guest® Credit Card from American Express –The Starwood Preferred Guest Credit Card is a very flexible travel rewards card, I’ve had one for years. Starpoints can be used towards hotel stays (Sheraton, Westin, W, and more), converted to various airline miles (20,000 points = 25,000 miles), or converted to things like gift cards. The best value is for hotel stays or converting to airline miles to reach an award that you want. I have stayed at the Westin Madrid in Spain for 10,000 points instead of paying over $300 a night.

New cardholders will get 30,000 Starpoints after spending $3,000 in purchases within the first 3 months of card ownership. 30,000 points is enough for a weekend getaway to a category 4 hotel, or 30,000 frequent flier miles. You earn 1 Starpoint per dollar spent, No annual fee the first year, then $95 after that.