You should get a travel rewards credit card if you regularly travel to many different countries every year. This will help you to earn rewards points that can be used to pay for some of your travel expenses. The following are the top 3 travel rewards cards that offer 2% cash back in 2017.
1. Chase Sapphire Preferred
Chase Sapphire Preferred offers two types of rewards for customers including signup bonus and general rewards program. The signup bonus gives customers an opportunity to redeem a $625 travel voucher when they spend $4,000 on the card. Kiplinger Personal Finance has ranked Chase Sapphire Preferred as the best credit card for travel rewards redemption in July 2016.
In the general rewards program, you get to earn 2x points for every $1 spent on travel and dining and 1x point on every $1 spent on other purchases. Points can be transferred to airline and the hotels. The value of the point redemption increases by 25% when you redeem the points in travel category including air tickets, hotel accommodation and cruises.
2. Barclaycard Arrival Plus World Elite
Barclaycard Arrival Plus World Elite is offering 50,000 signup bonus points to rewards customers who spend $3,000 in 90 days. Previously, the signup bonus points is only 40,000 points. Every single dollar that you spend is eligible to earn 2x rewards points regardless of the shopping category. In order to redeem your rewards points, you must accumulate at least 10,000 points.
Every 10,000 points that you have accumulated is equivalent to $100. The annual fee is waived during the first year. You are exempted from paying the $89 annual fee in the first year. It offers up to 120 days for you to use the rewards points to redeem discount on travel expenses such as airport parking, amusement ticket and bus tickets.
3. Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card provides a one time signup bonus of 40,000 miles when you have spent $3,000 in 3 months. The 40,000 miles signup bonus can be used to pay up to $400 of travel expenses. Every dollar that you spend will earn you 2x miles. In the first year, the annual fee is $0 but you will get charged $59 for the annual fee in the following year. The card offers the added benefit for not charging the foreign transaction fee.
Some of the things that you can redeem with the rewards points are car rental, hotel, air tickets and train tickets. It does not force you to book your trip through a portal. The rewards points will be credited to your account no matter which site you book your travel tickets. There is no time limit on redemption of the travel rewards points. It offers features such as fraud coverage, emergency card, complimentary concierge, car rental insurance and extended warranty.