People who know how to find cheap travel dealssuch as cheapairplane tickets, discount hotel rooms, and cheap vacation packages oftenare perplexed when it comes to selecting the right travel credit cards forthemselves.
Airline miles tend to be worth more than bank points if youwant to ultimately use them to fly internationally, particularly in business orfirst class. This is because bank pointsare usually worth a penny a point. A$10,000 airline ticket would cost one million bank points which is far morethan the 80,000 to 90,000 miles some airlines charge for a roundtrip awardticket between the U.S. and Europe.
Unfortunately airline credit cards tend to charge an annualfee. For frequent fliers and people whotend to charge a lot on their credit cards airline credit cards often remain agood deal.
For people who do not charge a lot on credit cards monthly,or who do not want to select a card with an annual fee, the following no feecredit cards are recommended by Gary Leff:
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AmexEveryday is the only no fee card that earns points that are fully transferrableto a variety of different airlines reward programs as well as hotels and otherredemptions. One Membership Rewards pointis earned per dollar charged to the card. If the card is used for at least 20 purchases in any given month, thenthe holder earns a 20 percent bonus on the points earned that month.
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ChaseFreedom awards points that are worth a penny apiece in cash back. Every three months there are rotatingcategories that earn five points per dollar (5 percent cash back) such asAmazon, Starbuck, gas, and/or groceries.
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CitiDouble Cash rewards card holders with one percent back when they make apurchase and another one percent when they pay for that purchase. This is a double reward that is real cash.
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Bank ofAmerica Travel Rewards is the only no fee card that waives foreign transactionfees (that typically run around 3 percent), making it an ideal card for travelabroad. It earns an effective rebate of1.5 percent towards travel, which is not as lucrative as Citi Double Cash, butcard holders who invest with Bank of America are given a better deal.
If you invest $100,000 in a Bank of Americaaccount, then their Preferred Rewards program increases your return to 2.625percent, the richest deal available anywhere and it is on a no fee Visa thatdoes not charge foreign transaction fees.
www.cheapfares.com