![]() ![]() If you’re strategic about using the card to book travel and car rentals through Capital One Travel, you can earn 5 miles for every dollar spent, which is about as generous a rate as you are likely to find among similar cards. Those rewards have a value of roughly a penny a mile if you redeem them in the issuer’s proprietary Capital One Travel program, but less if converted to cash by using the miles for a statement credit or gift cards. And that’s without having to think about which categories earn more. This card’s generous reward rate of 2 miles per spent on everyday purchases means a household that charges $3,000 a month-in-line with spending for Wall Street Journal subscribers-will earn at least 147,000 miles in the first year (calculated with a 75,000 intro bonus), and 72,000 miles in subsequent years. Bottom line: This might be the only credit card you need in your wallet, making it ideal for someone that wants to earn rewards but isn’t a credit card obsessive. Most competitors offer just 1 mile per dollar spent. The 2 miles per dollar earned on general spending is also convenient for those who want to rack up rewards without juggling multiple credit cards. Alternatively, you can transfer them to 18 different airline and hotel loyalty programs to make them go even further. ![]() The rewards are very flexible too-you can redeem them at a rate of 1 cent per mile towards any travel purchase. While there is a $95 annual fee, that is much smaller than fees you will find on may top travel cards. The Capital One Venture Rewards Credit Card is our pick for best overall travel rewards card because it checks all the boxes: It has a substantial sign-up bonus, generous ongoing rewards, plus a good amount of extras. Key perks: Two free lounge visits per year, Hertz Five Star status, $100 Global Entry/TSA Precheck fee credit every four years.Sign-up bonus: 75,000 miles after spending $4,000 in the first three months (worth $750 when redeemed for travel at one cent per mile).Bonus rewards: 5x on hotels and rental cars booked through Capital One.Our best travel credit card methodology.Best travel rewards card with no annual fee.Best travel rewards card for luxury travelers.Best travel rewards card for lounge access.Here’s a look at the best travel rewards credit cards to kickstart your 2023 travel plans: Find the Best Travel Cards The cards on this list will give you the most flexibility in your travel planning. After all, travel rewards are only worth anything if you use them. To choose the best rewards cards for travel, we focused on cards that offer rewards you can use on all sorts of travel and entertainment. If you’re ready to add another travel rewards credit card to your wallet, we’ve got you covered. Some cards even offer money-saving perks and elite benefits for an even better travel experience. While many travel cards come with annual fees, they frequently offer substantial welcome bonuses that can cover the cost of airfare, hotel and ground transportation. Whether you’re looking to travel abroad or domestically, a travel rewards card can be a great way to offset the rising costs. After years of pandemic-era restrictions, travel demand has skyrocketed and so have prices. ![]()
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