With so many options available, picking the perfect credit card for your travel rewards needs can be a daunting task.
Picking the Right Credit Card: A Beginner’s Guide
- Look for a card with a competitive sign-up bonus.
- Check the card’s earning categories and rates.
- Consider the redemption options and any associated fees.
- Evaluate the card’s benefits and protections.
- Assess the card’s transfer options, if applicable.
A Comparison of Two Popular Beginner Travel Credit Cards
- The Chase Sapphire Preferred Card (see rates and fees) offers a more lucrative sign-up bonus and a wider range of earning categories.
- The Bank of America Travel Rewards credit card, on the other hand, has a more straightforward redemption process and no foreign transaction fees.
- Ultimately, the best card for you will depend on your individual needs and preferences.
Chase Sapphire Preferred vs. Bank of America Travel Rewards: A Head-to-Head Comparison
Sign-up Bonuses
| Card | Bonus Amount | Spending Requirements | Value |
|---|---|---|---|
| Chase Sapphire Preferred | 100,000 Ultimate Rewards points | $5,000 in the first three months | $2,050 |
| Bank of America Travel Rewards | 25,000 points | $1,000 in the first 90 days | $250 |
The Chase Sapphire Preferred clearly has a superior bonus in terms of value, but the Bank of America Travel Rewards sign-up bonus might be more attainable for those on a smaller budget.
