Best Travel Credit Cards of December 2024
Planning your next big adventure? Whether you're jet-setting to the Maldives or hopping a quick flight for a weekend getaway, the right travel credit card can make all the difference. Not only can you rack up points and rewards, but the perks – like airport lounge access and waived baggage fees – can make travel smoother and way more enjoyable.
But which card should you pack in your wallet? We’ve scouted out some of the best travel credit cards for 2024, so you can focus on packing your bags while your card handles the rest.
8 Best travel credit cards
With so many options out there, finding the perfect travel card can feel like hunting for a needle in a haystack. But no worries – we've narrowed down some of the best travel credit cards based on rewards, fees, perks, and more.
1. Best for luxury travel: Chase Sapphire Reserve®
If luxury travel is your thing, the Chase Sapphire Reserve® has your back. With triple points on travel and dining, plus access to over 1,300 airport lounges worldwide, this card is all about making every trip feel like first class – even if you're flying economy.
2. Best for budget travelers: Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card is all about simplicity and value. With 2x miles on every purchase and no foreign transaction fees, you can globetrot without a care – or complicated rewards systems. Plus, you can redeem your miles for nearly any travel purchase.
3. Best for flexible points: American Express® Gold Card
The American Express® Gold Card is a foodie’s dream with 4x points at restaurants and U.S. supermarkets. But it’s also a travel powerhouse, offering solid rewards and flexible redemption options. With generous travel perks and access to the Amex Travel portal, this card is perfect for those who want points that are easy to use.
4. Best for hotel stays: Hilton Honors American Express Card
If Hilton hotels are more your speed, the Hilton Honors American Express Card is your go-to for rewarding stays. With this card, you can earn up to 7x Hilton Honors points at Hilton properties, along with complimentary Silver status for perks like room upgrades and late checkouts. It's the perfect pick for frequent travelers looking to maximize their rewards.
5. Best for no annual fee: Bank of America® Travel Rewards Credit Card
If you're looking for a straightforward card with no annual fee, the Bank of America® Travel Rewards Credit Card is a solid pick. Earn 1.5 points per dollar on every purchase with no caps and redeem them for travel expenses like flights, hotels, or car rentals. This card is all about keeping things simple and fee-free.
6. Best for airline miles: Citi® / AAdvantage® Platinum Select® World Elite Mastercard®
Frequent flyers, this one's got your name all over it—especially if you're team American Airlines. The Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® lets you rack up miles faster than you can say "upgrade me." Earn 2x AAdvantage® miles on eligible American Airlines purchases, at restaurants, and at gas stations. Plus, enjoy perks like a free checked bag and preferred boarding. It's the perfect travel companion for those looking to elevate their journey without grounding their finances.
7. Best for business travelers: The Business Platinum Card® from American Express
For business travelers who want premium perks, The Business Platinum Card® from American Express is a no-brainer. You get 5x points on flights and prepaid hotels through Amex Travel, plus access to exclusive airport lounges. The card also comes with statement credits for business expenses, making it a top pick for entrepreneurs on the go.
8. Best for international travel: Capital One Venture X Rewards Credit Card
The Capital One Venture X Rewards Credit Card is built for globetrotters, offering 2x miles on every purchase and 10x miles on hotels and rental cars booked through Capital One Travel. With no foreign transaction fees, it's the perfect companion for international adventures.
How do travel credit cards work?
Travel credit cards let you earn points or miles on purchases, which can be redeemed for flights, hotel stays, car rentals, and more. Typically, these cards offer bonus points for travel-related purchases and come with perks like travel insurance, airport lounge access, and priority boarding. Some cards also waive foreign transaction fees, making them ideal for international travel.
When you use your card, you accumulate rewards that can be redeemed through the card issuer's travel portal or transferred to airline and hotel loyalty programs. The key is to choose a card that aligns with your travel habits – whether you prefer racking up miles on flights or earning flexible points that can be used across various travel categories.
When you use your card, you accumulate rewards that can be redeemed through the card issuer's travel portal or transferred to airline and hotel loyalty programs. The key is to choose a card that aligns with your travel habits – whether you prefer racking up miles on flights or earning flexible points that can be used across various travel categories.
How to choose a travel credit card: 5 factors to consider
Here's what to consider as you browse different travel credit cards.
1. Rewards
When it comes to rewards, it’s essential to decide between points or miles. Points tend to offer more flexibility, often redeemable for a wide variety of purchases, while miles are typically geared toward flights and travel-specific rewards.
It’s important to think about redemption flexibility. Some cards offer better redemption options for flights, hotels, or travel packages, while others may lock you into a single travel provider or have limited reward partners.
Also consider bonus categories that align with your spending habits. For example, if you frequently dine out or spend heavily on groceries, look for cards that reward you extra points or miles in those categories.
2. Annual fee
The annual fee on a travel credit card can range from $0 to several hundred dollars. To determine if it’s worth it, weigh the value of the card’s benefits against the fee. Do the rewards, perks, and potential savings outweigh the cost?
Consider the perks associated with the annual fee, such as airport lounge access, elite status upgrades, or complimentary travel insurance. For frequent travelers, it’s possible that these benefits can more than justify the yearly cost.
3. Foreign transaction fees
If international travel is in your plans, avoiding foreign transaction fees is crucial. These fees, typically around 3%, can add up quickly when you’re making purchases abroad. Choosing a card with no foreign transaction fees will help you save money while exploring the world.
Even if you don’t travel internationally often, consider whether your card may be used for online purchases from international retailers, where these fees might also apply.
4. Sign-up bonus
Sign-up bonuses can be a huge draw, offering a substantial amount of points or miles after meeting a spending requirement within a set timeframe. Evaluate the value of the bonus and whether you can realistically hit the spending target without stretching your budget.
It’s important to note that sign-up bonuses can change depending on the card. Make sure to research whether the sign-on bonus on a card you’re eyeing has changed at all in the recent past.
Also, pay attention to the timeframe. Some bonuses require the spending to be completed within a few months, so be sure it aligns with your spending habits to avoid unnecessary purchases just to qualify.
5. Travel benefits
Priority boarding is a common perk offered by travel cards, allowing you to skip long lines and settle in faster. This benefit can enhance your travel experience, especially during peak seasons.
Look for baggage benefits such as free checked bags or priority handling. These perks can save you money on airline fees and add convenience to your trips.
Lastly, travel insurance coverage, like trip cancellation or delay protection, can provide peace of mind. Some cards also include coverage for lost luggage, rental car insurance, or emergency medical assistance.
How to compare travel credit cards
When comparing travel credit cards, it’s easy to get lost in the details. Here’s a simple roadmap to help you find the card that fits your lifestyle and financial goals:
1. Assess your spending needs and financial goals
Start by analyzing your spending habits, including how often you travel and what you typically spend on when you’re on the go. Do you prefer earning rewards for flights, hotel stays, or overall travel expenses? This will guide you toward a card that aligns with your travel objectives.
2. Utilize comparison tools
Online comparison tools can be your best friend. They allow you to view multiple credit card offers side-by-side, helping you quickly compare key factors like rewards, fees, and travel perks. Take advantage of these tools to streamline your decision-making process and get a clearer picture of which card offers the best value.
MoneyLion has an example of a tool for how you can compare credit cards below:
3. Scrutinize the fine print
It’s easy to get caught up in the attractive offers, but understanding the fine print is essential. Pay close attention to the terms of rewards programs, including redemption options and possible restrictions like blackout dates. Also, be on the lookout for hidden fees or clauses that could impact your travel experience.
4. Align with your lifestyle
Not every travel credit card fits every travel style. Consider how each card’s benefits match your travel habits. Do you travel frequently for business, or are you more of an occasional vacationer? Pick a card that not only offers rewards in your high-spending categories but also provides perks that elevate your trips.
Should I get a travel credit card?
Travel credit cards can be a game changer, but they’re not for everyone. Here’s what to consider to know if you should – or shouldn’t – consider one.
You should get a travel credit card if:
- Earn rewards: Travel credit cards often offer rewards like points or miles that can be redeemed for flights, hotels, or other travel expenses. This can significantly reduce the cost of your trips.
- Enjoy travel benefits: Many travel credit cards come with perks such as airport lounge access, priority boarding, and travel insurance. These benefits can enhance your travel experience and provide peace of mind.
- Build credit: Responsible use of a travel credit card can help improve your credit score, which can help open doors to better financial opportunities in the future.
You shouldn’t get a travel credit card if:
- Annual fees: Some travel credit cards have high annual fees. If you don't use the card frequently or don't take advantage of the benefits, the annual fee may not be worth it.
- High interest rates: If you carry a balance on your travel credit card, you'll be charged interest. High interest rates can quickly accumulate, making it difficult to pay off your debt.
- Risk of overspending: Travel credit cards can make it easier to spend money, especially when you're not paying cash upfront. It's important to be mindful of your spending and avoid overextending yourself.
Elevate your travel game
Whether you’re after luxury perks, no-fee simplicity, or miles for your next big trip, there’s a travel credit card designed to get you there. Choose the one that aligns with your goals, and start turning your purchases into unforgettable experiences.
You've got questions. We have answers.
What is the best travel credit card?
The best travel credit card depends on your preferences, but the Chase Sapphire Reserve® and Capital One Venture Rewards Credit Card are top choices for many travelers.
What credit cards offer travel insurance?
Cards like the Chase Sapphire Reserve®, American Express® Gold Card, and Capital One Venture X Rewards Credit Card can include travel insurance.
What is the world's most prestigious travel credit card?
The Centurion® Card from American Express, also known as the Amex Black Card, is often regarded as the most prestigious travel credit card globally.
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