Anyone who prizes affordable travel made possible by acareful review of cheaptravel options, such as cheap airplane tickets, discount hotel rooms, discounttravel deals, and cheap vacation packages,would be wise to make themselves aware of some of the outrageous deals, likelarge introductory bonuses worth hundreds of dollars, credit card issuers aremaking to attract new customers.
It can be challenging for people to decide between the manycard offerings that come with numerous different potential rewards andbonuses. The goal should be to determinewhich cards offer the best features and which is best for an individuals spendand travel habits.
The following are the pros and cons of the current bestrewards cards, according to Jarret DiToro:
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The best miles card forpeople who spend over $1,500 per month is the Capital One Venture Rewardscard. This card offers an industryleading 2 miles per dollar reward rate, with a 40,000 mile new account bonus,which is essentially worth a free ticket. To earn this bonus you have to make at least $3,000 in purchases withthe card during the first 3 months.
Thereare no blackout dates, and users enjoy total flexibility as to where miles canbe used: any airline, any hotel, anytime. Rewards can be redeemed forcash. No foreign transaction fees arecharged. The only con to this card isits $59 annual fee, which is waived for the first year.
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The ideal miles cardfor people who spend under $1,500 per month is the BankAmericard Travel rewardscredit card. It comes with no annual feeand a reward rate of 1.5 miles per dollar spent and a new mile account bonus of20,000 miles. Existing Bank of Americaaccount holders are eligible to earn up to an additional 75% in rewards, takinga card holders miles reward rate per dollar spent to 2.6 miles.
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The runner up no feemiles reward card is the Capital One VentureOne rewards card. The award rate is 1.25 miles per dollar spent,with 20,000 bonus miles for new accounts. For people who spend less than $1,000 per month, the VentureOne rewardcar is attractive because of the higher bonus offer for new accounts is awardedafter spending over $1,000 during the first 3 months. No interest is charged on balances during theintro period.
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Discover it Miles cardoffers double miles during your first year of membership without charging anannual fee. Card holders earn 1.5 milesfor every dollar spent, with unlimited mile earning capability and no blackoutdates on any airline any time. Discoveroffers a 0% intro APR on purchases for 12 months.
Ifyou expect to spend over $1,500 per month using this card, it is an attractivechoice because of the double miles offer at the end of the year. Spending an average of $1,500 for 12 monthswill earn you at least 54,000 miles (a $540 value).
www.cheapfares.com