The Chase Sapphire Preferred credit card has been named the best credit card for travel and airline miles by many top review sites including Forbes.com. One of its greatest appeals is the upfront sign up bonus. Once you spend $4,000 over the first three months, you receive 60,000 points.
These points translate to $750 in tangible travel using Chase’s travel portal. You can exchange them for more than this amount even by transferring them to Chase’s loyalty partners including Southwest, United, and Hyatt.
Besides this upfront bonus, the Sapphire Preferred card gives you double points for every dollar you spend on restaurants and travel anywhere in the world. When you book travel arrangements using Chase Ultimate Rewards, you get 25 percent additional value on hotels, airfare, cruises, and car rentals.
The card allows you to receive one for one point transfers to many frequent traveller programs. These include the British Airways Executive Club, Air France KLM Flying Blue, Korean Air Skypass, Virgin Atlantic Flying Club, United Mileage Plus, Southwest Airlines Rapid Rewards, Marriot Rewards, IHG Rewards Club, World of Hyatt, and Ritz Carlton Rewards.
The card includes no foreign transaction fees for purchases overseas. It does have a $95 annual fee of which you should be aware.
The Capital One Venture Rewards Credit Card is often listed as the runner up for best travel and airlines rewards miles. You are allowed to redeem your miles on any travel purchases, whether or not they are a travel partner.
Among its big appeals is a double miles earned per dollar bonus on all purchase in whatever category. By spending $3,000 in the first three months, you earn the sign up bonus of 50,000 miles.