The Top Cashback Credit Cards for Savvy Travelers

When it comes to finding the best credit card for travel, a cashback card can be a great option for those who want to earn rewards while exploring new destinations. Cashback cards allow you to earn a percentage of your purchases back in the form of cash, which can then be used towards future travel expenses. However, with so many options available, it can be difficult to determine which card is the best fit for your specific travel needs. In this article, we will explore some of the top cashback credit cards for travel and highlight their unique features and benefits.

1. Introduction

2. What is a cashback credit card?

A cashback credit card is a type of credit card that gives users a percentage of their purchases back in cash. This can be a great way to save money on your purchases, especially if you use your credit card for everyday expenses like groceries or gas. The amount of cashback you receive can vary depending on the credit card, so it’s important to do your research to find the best cashback credit card for travel.

3. Why choose a cashback credit card for travel?

Using a cashback credit card for travel can be a smart way to save money on your trips. When you use your credit card to pay for flights, hotels, and other travel expenses, you can earn cashback on those purchases. This can add up quickly and help you save money on future trips. Plus, many cashback credit cards offer other travel benefits and perks, like travel insurance or airport lounge access.

4. What to look for in a cashback credit card for travel

When choosing a cashback credit card for travel, there are several factors to consider. Look for a card with a high cashback rate on travel purchases, as well as a low annual fee and a good rewards program. You may also want to consider other perks like airport lounge access or travel insurance.

5. Best cashback credit cards for travel

There are many cashback credit cards on the market, but some are better for travel than others. Here are some of the best cashback credit cards for travel:

– Chase Sapphire Preferred Card
– Capital One Venture Rewards Credit Card
– Citi Double Cash Card
– Discover it Miles Card
– Bank of America Travel Rewards Credit Card

6. Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card is a popular credit card for travel because of its generous rewards program. Cardholders earn 2X points on travel and dining, and 1X point on all other purchases. Points can be redeemed for travel, cashback, or gift cards, and there are no foreign transaction fees. The annual fee is $95.

7. Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is another great option for travel. Cardholders earn 2X miles on all purchases, and miles can be redeemed for travel or cashback. There are no foreign transaction fees, and the annual fee is $95.

8. Citi Double Cash Card

The Citi Double Cash Card is a cashback credit card that’s great for travel. Cardholders earn 2% cashback on all purchases – 1% when you buy and 1% when you pay. There are no annual fees, and no limits on the amount of cashback you can earn.

9. Discover it Miles Card

The Discover it Miles Card is a travel credit card that offers generous rewards and no annual fee. Cardholders earn 1.5X miles on all purchases, and miles can be redeemed for travel or cashback. Discover also offers a unique bonus for new cardholders – they’ll match all the miles you earn in your first year.

10. Bank of America Travel Rewards Credit Card

The Bank of America Travel Rewards Credit Card is a cashback credit card that’s great for frequent travelers. Cardholders earn 1.5X points on all purchases, and points can be redeemed for travel or cashback. There are no annual fees, and no foreign transaction fees. Plus, if you’re a Bank of America Preferred Rewards member, you can earn even more rewards.

10 Best Cashback Credit Cards for Travel

When it comes to choosing a credit card, many people focus on the rewards and benefits. For frequent travelers or those who simply want to earn cashback on their travel purchases, a cashback credit card can be a great option. Here are the top 10 best cashback credit cards for travel:

1. Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card is a popular travel rewards credit card that offers 2x points on travel and dining purchases and 1 point per dollar on everything else. You can redeem your points for travel through the Chase Ultimate Rewards program, where they are worth 25% more. This card has an annual fee of $95.

2. Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card offers 2 miles per dollar on all purchases, and you can redeem your miles for travel or cashback at a rate of 1 cent per mile. You also get a reimbursement for TSA PreCheck or Global Entry and no foreign transaction fees, making it a great option for international travel. This card has an annual fee of $95.

3. Discover it® Miles

The Discover it® Miles card offers 1.5 miles per dollar on all purchases, and there is no annual fee. You can redeem your miles for travel or cashback at a rate of 1 cent per mile, and Discover will match all the miles you earn in your first year as a new cardmember.

4. American Express® Gold Card

The American Express® Gold Card offers 4x points at restaurants and on up to $25,000 per year at U.S. supermarkets, 3x points on flights booked directly with airlines or through amextravel.com, and 1x points on everything else. You can redeem your points for travel through Amex’s Membership Rewards program, where they have a variety of airline and hotel partners. This card has an annual fee of $250.

5. Citi Premier℠ Card

The Citi Premier℠ Card offers 3x points on travel purchases, including gas stations, 2x points on dining out and entertainment, and 1x points on everything else. You can redeem your points for travel through Citi’s ThankYou rewards program, where they are worth 25% more. This card has an annual fee of $95.

6. Bank of America® Premium Rewards® Credit Card

The Bank of America® Premium Rewards® Credit Card offers 2x points on travel and dining purchases, and 1.5x points on all other purchases. You can redeem your points for travel or cashback at a rate of 1 cent per point, and if you have a Bank of America® checking or savings account, you can earn a bonus of 25% to 75% on your rewards. This card has an annual fee of $95.

7. Wells Fargo Propel American Express® Card

The Wells Fargo Propel American Express® Card offers 3x points on travel, dining out, and select streaming services, and 1x points on everything else. You can redeem your points for travel, cashback, or gift cards at a rate of 1 cent per point. This card has no annual fee.

8. U.S. Bank Altitude® Go Visa Signature® Card

The U.S. Bank Altitude® Go Visa Signature® Card offers 4x points on dining, including takeout and delivery, 2x points on groceries and gas, and 1x points on everything else. You can redeem your points for travel, cashback, or gift cards at a rate of 1 cent per point, and this card has no annual fee.

9. Chase Freedom Flex℠

The Chase Freedom Flex℠ offers 5% cashback on up to $1,500 in purchases in rotating bonus categories each quarter, 5% cashback on travel purchased through Chase Ultimate Rewards, 3% cashback on dining and drugstore purchases, and 1% cashback on everything else. You can redeem your cashback for travel through Chase Ultimate Rewards or for cashback. This card has no annual fee.

10. Blue Cash Preferred® Card from American Express

The Blue Cash Preferred® Card from American Express offers 6% cashback on up to $6,000 in purchases at U.S. supermarkets per year, 6% cashback on select streaming services, 3% cashback at U.S. gas stations and on transit, and 1% cashback on everything else. You can redeem your cashback for statement credits or gift cards. This card has an annual fee of $95.

In conclusion, choosing the best cashback credit card for travel depends on your spending habits, lifestyle, and travel preferences. Consider the rewards, benefits, and fees of each card before making a decision. By using one of the cards listed above, you can earn cashback or rewards on your travel purchases and save money on your next trip.

Choosing the Best Cashback Credit Card for Travel: Factors to Consider

When it comes to choosing the best cashback credit card for travel, there are several factors that you need to consider. In this section, we will discuss these factors in detail, so that you can make an informed decision when choosing a credit card for your next trip.

Rewards Program

The rewards program is the most important factor to consider when choosing a cashback credit card. You should look for a card that offers rewards points or cashback for travel-related expenses such as flights, hotels, and rental cars. Some cards also offer bonus points for spending in certain categories, such as restaurants or gas stations.

You should also look for a card that offers flexible redemption options, such as the ability to transfer points to airline and hotel loyalty programs. This will give you more flexibility when it comes to booking your travel.

Annual Fee

Many cashback credit cards come with an annual fee. You should consider whether the rewards and benefits that come with the card outweigh the cost of the annual fee. If you travel frequently and use your card for travel-related expenses, a card with a higher annual fee may be worth the cost.

Foreign Transaction Fees

If you plan to use your cashback credit card for travel outside of the United States, you should look for a card that doesn’t charge foreign transaction fees. These fees can add up quickly, especially if you are traveling for an extended period of time.

Interest Rates

You should also consider the interest rates that come with the cashback credit card. If you plan to carry a balance on your card, you should look for a card with a lower interest rate. Keep in mind that rewards cards typically come with higher interest rates than other credit cards.

Additional Benefits

Finally, you should consider any additional benefits that come with the cashback credit card. Some cards offer benefits such as travel insurance, airport lounge access, and concierge services. These benefits can add value to your travel experience and may be worth the cost of the annual fee.

Cashback Credit Card Rewards Program Annual Fee Foreign Transaction Fees Interest Rates Additional Benefits
Chase Sapphire Preferred 2X points on travel and dining $95 No foreign transaction fees 15.99%-22.99% Travel insurance, trip cancellation/interruption, baggage delay insurance
Citi Double Cash Card 2% cashback on all purchases $0 3% 13.99%-23.99% None
Discover it Miles 1.5X miles on all purchases $0 No foreign transaction fees 11.99%-22.99% Mile-for-mile match for new cardmembers at the end of their first year

In conclusion, choosing the best cashback credit card for travel requires careful consideration of several factors. By considering the rewards program, annual fee, foreign transaction fees, interest rates, and additional benefits, you can choose a card that will provide the most value for your travel needs.

If you’re looking for the best cashback credit card for travel, check out this article on Money Under 30. It breaks down the top cards and their benefits for frequent travelers.

Pros of using a cashback credit card for travel

When planning a trip, having a cashback credit card can be incredibly beneficial. In this section, we’ll discuss some of the pros of using a cashback credit card for your travel expenses.

1. Earn cashback on your spending

One of the primary benefits of using a cashback credit card for travel is that you can earn money back on your spending. Many cashback credit cards offer a percentage of your spending back in the form of cashback. This means that you can earn money on your travel expenses, including flights, accommodation, food, and entertainment.

2. No foreign transaction fees

Foreign transaction fees can add up quickly when traveling abroad. However, many cashback credit cards offer no foreign transaction fees, which means you won’t have to worry about paying extra fees when using your card outside of your home country.

3. Complimentary travel insurance

Many cashback credit cards offer complimentary travel insurance, which can provide peace of mind when traveling. This insurance may include coverage for lost or stolen luggage, trip cancellation, and emergency medical expenses.

4. Travel rewards and bonuses

Some cashback credit cards offer travel rewards and bonuses, such as airline miles or hotel points. These rewards can be redeemed for future travel expenses, allowing you to save money on your next trip.

5. Access to VIP airport lounges

Some cashback credit cards offer access to VIP airport lounges, which can provide a comfortable and relaxing space to wait for your flight. These lounges often offer amenities such as complimentary food and drinks, comfortable seating, and free Wi-Fi.

6. Fraud protection

Using a credit card for your travel expenses can provide additional fraud protection. This is because credit cards offer zero liability protection, which means you won’t be held responsible for any fraudulent charges made to your card.

7. Purchase protection

Cashback credit cards also often offer purchase protection, which can protect your purchases against damage or theft. This protection can provide peace of mind when buying expensive items, such as electronics or jewelry, while traveling.

8. Easy to track expenses

Using a cashback credit card can also make it easier to track your travel expenses. Many cashback credit cards offer online account management, which allows you to easily monitor your spending and keep track of your budget.

9. Flexibility in payment options

Cashback credit cards also often offer flexible payment options, such as the ability to make payments in multiple currencies. This can be incredibly useful when traveling to multiple countries and needing to pay in different currencies.

10. Build credit history

Using a cashback credit card for travel expenses can also help you build your credit history. As long as you make your payments on time and in full, using a credit card responsibly can improve your credit score over time. A higher credit score can lead to better interest rates and loan options in the future.

In conclusion, using a cashback credit card for travel expenses can provide many benefits, including cashback rewards, no foreign transaction fees, complimentary travel insurance, travel rewards and bonuses, access to VIP airport lounges, and more. However, it’s important to use your card responsibly and pay off your balance in full each month to avoid interest charges and debt.

Thank you for joining us on the hunt for the best cashback credit card for travel. We hope you found our suggestions helpful and informative. Don’t forget to check with your bank or financial institution to see what options they have available as well. Remember, every little bit of cashback can add up when you’re on the go! And as always, be sure to visit us again soon for more tips and tricks on how to make the most of your travels. Bon voyage!

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