Credit card issuers are in such fierce competition these days to attract new customers that most have started offering outrageous deals to win you over, like huge introductory bonuses worth hundreds of dollars, and miles programs that pay more than ever before. For example, who can say no to earning 40k miles just for taking a new credit card on a test drive?*
But with so many cards offering so many different potential rewards and bonuses, which cards have the best features, and which is best for your particular spend and travel habits? In order to help answer those questions, we researched all the miles rewards cards we could find, then put together the pros and cons of the best of the best below. Happy travels!!
Capital One® Venture® Rewards offers a best-in-class miles rewards rate of 2 miles per dollar of spend and a huge introductory bonus offer ($400 value) for activating and using the card to make at least $3,000 in purchases in the first 3 months. That's basically a free trip just for signing up and using the card for 3 months. There are no blackout dates, and you get total flexibility on where you can use your miles: any airline, any hotel, any time. There is a $59 annual fee (waived for first year). We recommend this card to anyone who will spend more than $1,500/month, as that is when it really becomes worth it to pay the fee in exchange for the higher miles per dollar earned by the card. More Details >
BankAmericard Travel Rewards® Credit Card pays a very high travel points per dollar reward rate (1.5) while never charging an annual fee. Rewards are also very flexible, with no blackout dates, and there are no foreign transaction fees. The BankAmericard also features an especially appealing offer for existing Bank of America account holders: if you have an account at B of A, you will be eligible to earn up to an additional 75% (which would take your points reward rate per dollar spent to 2.6!) of the base rewards rate. We recommend this card to anyone who might spend less than $1,500 per month on their credit cards. If you spend more than $1,500 a month, you're better off with the Capital One Venture Rewards card. More Details >
Capital One® VentureOne® Rewards comes out on top if you don’t plan on spending more than $1,000 because of the higher bonus offer for new accounts (for spending more than $1,000 total in the first 3 months). The $200 value of the bonus is quite nice, especially in the context of a no-fee card. We also like the idea of earning all those miles during the first year without paying anything in interest during the intro period. One drawback is the 1.25X miles rewards rate is lower than the Discover it® Miles, but overall is a great combination of no annual fee, 0% intro APR, solid miles rewards, and a nice fat 20k mile bonus. More Details >
Discover it® Miles is offering matching your miles at the end of the first year for new card members instead of charging an annual fee. The respectable 1.5 miles for every dollar spent on purchases is unlimited with no blackout dates on any airline, anytime. In addition, the Discover it® Miles has a 0% intro APR* on purchases for 12 months. If you plan on spending more than $1,500 per month on your card, the Discover it® Miles would be a good choice because of the matched miles offer at the end of the first year. If you maintain at least a $1,500 spend per month, that will net you at least 54,000 bonus miles (a $540 value) with end of the year with your matched miles reward. More Details >
With so many issuers competing to offer such great incentives, it seems smart to make use of them in the right way! We hope our reviews of these cards was helpful, and if you have any comments, please dont hesitate to let us at the LendingTree Credit Card Review Team know!
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