When utilized correctly, credit cards can be a great way to get discounts, especially during vacations and other travels.
CNN’s Underscored has just released its Best Travel Credit Cards for 2020 list and it’s perfect for those wanting to travel while being financially responsible.
So how did they come up with the list? According to CNN, “Our comprehensive methodology compares every aspect of each travel credit card to our ‘benchmark credit card’ — the Citi Double Cash Card — to determine which cards can potentially bring you maximum value.”
They also mentioned that even though you may already have a credit card to use towards travel, it is most likely outdated and no longer the best choice.
Here’s a list of the best travel credit cards for 2020, according to the CNN Underscored list.
This credit card is best for easy-to-use travel rewards. The great thing about this card is that you’ll be able to earn 2 miles per dollar for every purchase you make with the card. You can then use the miles towards any travel purchase or transfer them to Capital One’s airline partners for even bigger perk redemptions.
If you want to earn free travel, this credit card is the perfect option for you.
Additional offerings with the Capital One Venture Rewards:
No annual fee for the first year, then $95 per year for the following yearsUp to $100 credit when you apply for Global Entry or TSA PreCheckNo foreign transaction feesYou can redeem miles for travel purchase for 1 cent per mileYou can transfer miles to any of Capital One’s 17 airline partners
Chase Sapphire Preferred is awesome for those travelers who have large travel and dining expenses.
Here’s what the Chase Sapphire Preferred card offers:
You will earn 2 points for every dollar spent on travel and diningYou will earn 1 point per dollar spent on other purchasesThere is a $95 annual feeThere are no foreign transaction feesYou can redeem points for travel using the Chase Ultimate Rewards travel portal (the rate is 1.25 cents per point)You can transfer points to any of Chase’s 13 airline and hotel partners
This one is for all the luxury travelers out there! Although it’s not a cheap card to have, you’ll be able to redeem major perks when it comes to travel.
Here’s what The Platinum Card by American Express offers:
You’ll get access to American Express Fine Hotels & ResortsYou’ll earn 5 points for every dollar spent on flights if you book directly with American Express Travel or airlinesYou’ll earn 5 points per dollar on prepaid hotels booked with Amex TavelYou’ll earn 1 point per dollar on other purchaseYou can redeem points for travel with Amex Travel (rate of up to 1 cent per point)You can transfer points to any of American Express’s 21 airline and hotel partnersYou can use up to $200 in statement credits each year for incidental fees at a selected qualifying airlineYou can use up to $100 in statement credits each year at Saks Fifth AvenueYou can use up to $15 in statement credits each month with $35 in December with you use your card for Uber ridesYou’ll get free access to American Express Centurion lounges, Delta Sky Clubs when you’re flying Delta, and Priority Pass airport loungesYou’ll receive free Gold Elite status with Hilton and Marriott hotelsYou’ll receive free Preferred Elite status with Avis, Hertz, and National Car Rental chainsYou’ll receive a free Shoprunner membershipNo foreign transaction fees$550 annual fee
This card is the best option for large travel purchases. This card is also an expensive card to have but it pays off with perks like a $300 yearly travel credit and a $60 yearly credit for DoorDash.
Additional offerings with the Chase Sapphire Reserve card:
You will earn 3 points for every dollar spent on dining purchasesYou will earn 3 points for ever dollar spent on travel purchases You will earn 10 points for ever dollar spent on Lyft purchases until March 2022You will earn 1 point on all other purchasesYou’ll be able to redeem points for travel using the Chase Ultimate Rewards travel portal (with the rate at 1.5 cents per point)You can transfer points to any of Chase’s 13 airline and hotel partnersYou will get up to two years of complimentary DashPass membershipThere are no foreign transaction fees$550 annual fee
The AMEX Green Card has improved a lot in the past few years. Now you can get 3 points for every dollar spent on eligible travel and dining purchases. This card is ideal for those who travel occasionally but would still like to receive perks for travel.
Additional offerings with the American Express Green Card:
You can redeem points for travel using Amex Travel (rate of 1 cent per point)You’ll be able to transfer points to any of the 21 airline and hotels Amex partners with You’ll receive up to $100 annually in statement credits for a CLEAR membershipYou’ll receive up to $100 annually in statement credits for any LoungeBuddy purchasesThere are no foreign transaction fees$150 annual fee
This card is great for those who spend a lot of money on travel, gas, and dining and want to receive travel rewards.
Here’s what the Wells Fargo Propel American Express card offers:
You will earn 3 points for every dollar spent on dining and travelYou will earn 3 points for ever dollar spent at gas stations, ride-share apps and travelYou will earn 3 points for every dollar spent on certain popular streaming servicesYou will earn 1 point per every dollar spent on other purchasesThere is cell phone protection coverageThere are 0% interest charges on all purchases for the first year, 15.49%-27.49% afterwardThere is 0% interest for a year on balance transfers made during the first 120 days of having the card, 15.49-27.49% afterwardThere is a 3% fee for balance transfersThere is no foreign transaction feeNo annual fee
This card has no annual fee, which is great and you can earn 1.25 miles per every dollar spent with no limit.
Additional offerings with the Capital VentureOne Rewards card:
You can redeem miles for any travel purchase for 1 cent per mileYou can transfer miles to any of Capital One’s 15 airline partnersThere is 0% interest on all purchases made during the first year, 13.49%-23.49% for purchase made afterwardThere are no foreign transaction feesNo annual fee
AUTHOR: Kelsey Marie