If you are traveling abroad for a long period of time, you may wonder which is the best credit card for traveling. Well, there are several options you can choose from. Here are some of the most popular ones: Chase Sapphire Reserve, Capital One Venture Rewards Credit Card, and Bank of America Travel Rewards Credit Card. Depending on your purpose, you can choose any of these cards. Generally, most merchants accept Visa and Mastercard, so you’re good to go.
Capital One Venture Rewards Credit Card
For frequent travelers, the Capital One Venture Rewards Credit Card can be a great choice. This card offers a generous bonus of 50,000 miles, which can be spent on almost any airline or hotel, anywhere in the world. The bonus alone can cover the costs of a Southwest Airlines flight to Las Vegas, a Wynn hotel room, and even a vacation to the Bahamas. It also comes with a Purchase Eraser feature, which partially lets you redeem purchases.
The Capital One Venture has no annual fees and offers decent rewards as a travel rewards card. There are no limits on how many miles you can earn and there are no spending limits. You will earn 1.25 miles for every dollar of purchases and a hundred miles is worth $1 in travel rewards. However, it’s important to remember that you must redeem your miles within 90 days of purchasing travel-related expenses. For those who enjoy simplicity, the Capital One Venture Card is the perfect choice.
Chase Sapphire Reserve
Considering all of this credit card’s perks and features, the Chase Sapphire Reserve is one of the best travel credit cards available. In addition to the free travel insurance, this card also earns 5% back on rotating quarterly categories. Its no annual fee is a major benefit when traveling abroad and can help you build your credit score while you’re away. Here are the top reasons to use the Chase Sapphire Reserve as your travel credit card.
A no-fee credit card is the best choice if you plan on spending more than $3,200 a year overseas. Typical foreign transaction fees run as high as 3%, which can add up quickly when you’re spending a large amount. With a Chase Sapphire Preferred Card, you’ll pay just $95 per year and never have to worry about foreign transaction fees.
Capital One Spark Miles for Business
When it comes to choosing a credit card for traveling abroad, Capital One Spark Miles for Business is an excellent option. This card provides many benefits, including flexibility in booking travel and a great redemption value. You can use your miles to purchase tickets on most major airlines and transfer them to other accounts. You can even transfer your miles to other Capital One accounts. However, all your accumulated miles will be forfeited if you close the account.
If you’re planning to travel abroad for business, you’ll want to choose a credit card with no foreign transaction fees. The Capital One Spark Miles for Business credit card offers purchase protection and extended warranty coverage as other cards. You’ll have 90-day purchase protection and up to $50,000 in claims coverage. Consider this card if you have to spend money on a new car or purchase expensive business gifts.
Bank of America Travel Rewards Credit Card
If you’re planning to travel to a foreign country, you should consider using a credit card that earns points for your purchases. This way, you’ll be able to use the credits you earn on travel to get discount airfare, hotel accommodations, or even gift cards. Plus, many cards offer 10x rewards for a minimum purchase value. A travel credit card should be able to pay for all of these extras and earn you enough rewards to make them worthwhile.
The Bank of America Travel Rewards Credit Card has an annual fee of no more than $95 and no foreign transaction fees. Its online bonus points can be converted into a statement credit of up to $250. This card also has no blackout dates or website restrictions, so you can use it wherever you like. It is also one of the few travel credit cards that earn points without restrictions.