This $95 annual fee card should be considered as an alternative to the Hilton Honors American Express Card if you’re looking for a straightforward and flexible travel card. New cardmembers enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel. Those miles can be used as a statement credit or be applied toward travel purchases.
For ongoing rewards, cardmembers earn 2 miles per dollar on every purchase, every day. You can redeem those rewards for travel booked at capitalone.com or book directly through any airline, hotel, rental cars and more, and then use the Purchase Eraser feature, which gives you an account credit for what you’ve spent. You can also redeem your miles for a check, an account credit or gift cards. Miles don’t expire as long as your account remains open, and there’s no cap on how many miles you can earn.
It’s true that the amount of miles earned per dollar spent with the $95 are lower than the points you’ll earn when using the Hilton Honors American Express Card for hotels, dining and grocery purchases. However, if your spending habits don’t line up with the latter card’s categories, you may prefer a flat-rate card that earns the same rewards rate no matter what you’re buying.