Credit Card Reviews

Capital One Spark Miles Review: Earn Travel Points Without a Limit

capital one spark miles review

Getting a good travel rewards credit card is really going to make a difference for you. Being able to rack up rewards miles for business purchases will be a rewarding experience if you can find the right card. There are so many different types of cards on the market that it can be tough to whittle down the choices. If you are having trouble figuring out which travel business credit card you want to apply for, then it is smart to take the time to look at your options. One popular option that is gaining a lot of traction lately is the Capital One Spark Miles for Business credit card.

 

The Capital One Spark Miles card is a very good option for any business that wants to be able to earn miles as rewards. If you have travel needs as a business, then this card is going to work out quite nicely for you. Does this card stack up to the competition, though?

 

Taking the time to look at the credit card from all of the different angles before applying is smart. Your business deserves a business credit card that offers the right level of flexibility along with the expected ample rewards. We will dig into everything that you need to know about the Capital One Spark Miles for Business credit card. It will be a lot easier for you to see whether this is the credit card for your business after getting all of the information.

 

Capital One Spark Miles

Introductory Offer:

You’ll earn 50,000 points after you spend $4,500 in the first 3 months.

Rewards:

You’ll earn 2X points on every purchase.

Benefits:

No limits on earning points.

Annual Fee:

$95 annual fee. (waived year 1)

Our Thoughts:

This is a good business travel credit card. It offers a large introductory offer and the annual fee is waived the first year.
LEARN MORE >>

 

Capital One Spark Miles Fees

Overall, the prices and fees that are associated with this credit card are very reasonable. The first thing that you should know is that there is an annual fee that you will have to pay when using this credit card. It costs $95 per year, but the first year’s fee is going to be waived for you. This is a pretty standard annual fee that should not put you off too much, so it isn’t really worth making a fuss over.

 

If you like to travel abroad, then you will be happy to hear that this credit card has no foreign transaction fees. This means that if you send employees to another country on business, they will be able to use the credit card while avoiding any outrageous fees. It gives this card some advantages over travel credit cards that are not so lenient. If your business has dealings outside of the country that necessitate occasional travel, then this business credit card will be appealing to you.

 

The APR of this credit card falls within a very reasonable range too. It is not unusually good or anything, but it comes in at an average rate that will work well for your business. This is a sensible business credit card that you can make use of very easily. If you have been needing a solid business credit card that has agreeable fees and a good interest rate, then you will be pleased with this card.

 

Features of the Spark Miles Card

Most of the features of this business credit card that are going to pique your interest will be related to rewards. One of the first things that you will notice is that this card comes with a very good sign-up bonus opportunity. By spending a certain amount of money in the first three months of having the card, you will be able to earn a large number of bonus miles. You will be able to get a substantial reward quite easily, as the amount of money that you need to spend to get the bonus is quite attainable.

 

There are many great features that make this card easy for you to use too. This card makes it easy to keep track of your spending with quarterly and yearly summaries that are convenient to access. You will be able to manage your card and get all of the necessary information using a dedicated mobile app. You will even be able to download purchase records for your convenience for when you want to keep a close eye on the details.

 

This credit card makes it easy for you to give employees purchasing power as well. You will have access to free employee cards that you can hand out to your staff. You won’t be able to set up any spending limits on these employee cards, but you will be able to give your employees the cards to use as they see fit. To add to this, you can also take advantage of certain discounts on business purchases using Visa Savings Edge.

 

The features of this card aim to be as customer friendly as possible. It is a card that simply makes running your business a smooth experience. You will always be able to use this card in the most convenient ways and you will be racking up miles as rewards the entire time. It is a great card that will truly come in handy for many types of businesses.

 

Benefits of the Spark Miles Card

There are several benefits that you will be able to enjoy when you are a cardholder. Like many of the best business credit cards, this card is going to offer you purchase protection coverage. If an item that you have purchased has been damaged or stolen within 90 days of purchasing it, then you will be covered for up to $10,000. There is a maximum of $50,000 in claims per account, but this is a very helpful benefit that can keep your purchases safe.

 

This card can also provide you with an auto collision damage waiver when you are renting vehicles. This will allow you to decline the insurance from the rental car company if you want to do so. Many cards offer some type of secondary car insurance coverage as a benefit to their cardholders, but this coverage is actually primary. As long as the rental is happening due to business reasons, you will be able to use your credit card as primary car insurance coverage on your rental car.

 

Another neat little feature is that the card will extend the manufacturer’s warranties on many products. When you buy an item that has a warranty of three years or less, this card will be capable of extending that warranty by one year. This is a convenient little extra that can help your business to keep certain items under warranty for longer than usual. It can be quite beneficial to your business, so it is a benefit that is worth taking note of.

capital one spark miles for business

 

Rewards Program Information

The rewards program that you will be taking advantage of here is very straightforward. If you are not the type of business that likes having to micromanage credit cards, then you are going to love this one. This business credit card allows you to earn two miles for every dollar that you spend. There are no categories that you will need to worry about and there is not a cap on how many miles you can earn.

 

No matter what your business is purchasing, you will be earning miles for that purchase. This is a simple rewards structure that works to give your business many bonus miles that can be redeemed at your leisure. If you have traveling expenses as a business, then your bonus miles can be used to mitigate those costs. Spending bonus miles to help pay for business trips will make your life a lot easier.

 

The miles that you earn can be transferred over to many different airlines. There are currently a dozen partners that are participating in the transfer program with this credit card. You will be able to transfer your miles at a 2:1.5 rate for most of them and at a 2:1 rate for two of the partners. You can also simply choose to book your travel through the Capital One travel portal, if that method appeals to you more.

 

There may be some travel rewards cards out there that offer a more lucrative opportunity, but this card has a strong level of appeal. It is simple to use and it is easy to understand the rewards structure. Being able to just spend your business money on any purchases and being rewarded for it will be appealing to most. If you would prefer to avoid bonus categories and extreme micromanagement, then this business credit card may be for you.

 

The Pros

  • Easy to use
  • Earn rewards on every purchase made
  • Several airline partners
  • No foreign transaction fees
  • Good benefits

 

The most appealing thing about this credit card is probably that it is very easy to use. People who want to have a streamlined experience with their business credit card will appreciate this one. It does not have any convoluted rules or strange things that you will need to do to use the card right. Simply buy things for your business and you will earn miles.

 

Being able to earn rewards for every purchase that you make will be incredible. You will really be able to earn miles fast if you use your business credit card to make purchases frequently. The fact that you can get employee credit cards for free makes using the card as easy as it can be. You will be able to use this credit card as your everyday business card without having any problems.

 

When it comes to redeeming miles, you will have a very easy time. There are a dozen airline partners that you can transfer the miles to and it should work out well. Being able to spend your miles on business trips will help to keep your expenses lower as a business. It should prove to be a very helpful thing for your company overall.

 

If you regularly do business outside of the country, then the lack of foreign transaction fees will really help you out. Not having to pay exorbitant sums of money out due to foreign transaction fees will make your travel experience that much better. Any business that has dealings abroad will be able to appreciate this aspect of the card. It keeps you safe while you are traveling and you will never have to worry about unexpected fees.

 

The benefits of this card are various as well. If you like the idea of having access to good purchase protection coverage, then you’ll love this card. It can even act as primary car insurance on your rental cars when you are going on a business trip. These card benefits will definitely help you out over the years and it showcases that there are perks that come with being a cardholder.

 

The Cons

  • Miles transfer rate
  • Could use more domestic airline partners
  • May lack some convenient features

 

The biggest problem that people will have with this business credit card is that the transfer rate of your miles is not always going to be the best. Most of the airline partners allow you to transfer your earned miles at a rate of 2:1.5, with a couple of them only allowing a 2:1 transfer rate. This may not be ideal, as you will, sometimes, feel like you are losing out on miles due to how it works. You can simply book trips through the Capital One travel portal, but it is worth noting that some may not like the transfer rate.

 

It is good that there are many airline travel partners with this credit card, but it could use some more. There is a lack of many large domestic airline partners. This means that many of the largest airlines may not work together with your card when redeeming miles. If this won’t work out well for you, then you may want to find a different card that will meet your specific business needs.

 

This credit card may lack a few convenient features that would make life easier for everyone too. A good example is the employee credit card situation. You can create employee credit cards for free, but you cannot set up specific spending limits at this time. This is a bit inconvenient and it may wind up making it less useful to have the employee credit cards when you don’t want to allow people to use the card without restrictions.

capital one spark miles business

 

Credit Score Needed for Approval

Getting approved for this business card is going to take a good credit score. If you have a credit score of 690 or higher, then you are likely to get approved for this card. Credit scores need to fall in the good range and you will have a very high chance of being approved if your credit score is excellent. Keep this in mind and check on your credit score to make sure that you will qualify ahead of time.

 

Who Does This Card Appeal to Most?

This credit card is going to be perfect for businesses that want to keep things simple. If your business wants to have a reliable business credit card that is easy to use, then this one will certainly meet the mark. It is also going to be very appealing to those who dislike having to pay attention to bonus categories. If you want a credit card that simply works, then you will like this one.

 

Being able to earn on every purchase is very convenient. You will earn bonus miles at a very high rate and these can be used to help with business travel expenses. This card will mostly appeal to businesses that need to spend some of their budget on travel expenses. If you don’t ever travel, then the rewards are not really going to be all that useful to you.

 

An Alternative Business Credit Card to Consider

You might want to consider looking into the Chase Ink Business Preferred credit card. It is an excellent business credit card that will offer you many benefits. You can earn three points for every dollar that you spend on travel for the first $150,000 of an anniversary year. This will allow you to earn rewards faster than with many other credit cards, but there is a cap to how much you can earn at the increased rewards amount.

 

There are benefits to choosing the Chase Ink Business Preferred credit card. It has a great list of travel partners and it is easy to earn lots of rewards using the card. The Ink Preferred does not offer the same flexibility for earning points as the Capital One Spark Miles, though. It just comes down to what you want out of a business credit card and what your spending habits look like.

 

See our full review of the Chase Ink Business Preferred card.

capital one spark miles

 

Decision Time: Is the Capital One Spark Miles for You?

Signing up for the Capital One Spark Miles for Business credit card should prove to be a good decision. This is a credit card that can really come in handy for most businesses. You will be able to constantly earn miles and you will be able to redeem those miles with ease. There are some flaws with this credit card that pop up here and there, but it is a very reliable card that will be useful for your business.

 

If you like the idea of having a business credit card that is simple to use, then you should keep this one on your radar. It is a card that will offer you a streamlined experience and it won’t take up too much of your time with micromanagement. As long as you have a good credit score, your business will be able to make use of this card without having any problems. For earning travel points, the Capital One Spark Miles is a good option.

 

Capital One Venture Review: Double the Points & Now Travel Partners Too

capital one venture review

Anyone who travels regularly should really think about having a good travel rewards credit card in his or her wallet. When you have access to a premium travel rewards credit card, it can really wind up helping you to earn great rewards. This can save you money on travel expenses and it will make your overall traveling experience quite a bit nicer. One credit card that has proven to be a popular option is the Capital One Venture Rewards credit card.

 

This credit card offers fantastic rewards and is overall very simple to use. Some credit cards are a bit convoluted with their rewards structure. Many cards make it difficult to figure out how to maximize the use of your credit card to get the best rewards. This one is quite a bit simpler but it still manages to help you earn great rewards in a straightforward way.

 

Before you go ahead and apply for this credit card, it will be beneficial to look into all of the details. You want to know everything about the card so that you can determine if it is the right one for your situation. This is definitely a good card that has a lot of positives that will appeal to you. Take in all of the information so that you can get the perfect travel rewards card that you need in your life.

Capital One Venture

Introductory Offer:

You’ll earn 50,000 points after you spend $3,000 in the first 3 months.

Rewards:

You’ll earn 2X points on every purchase.

Benefits:

Statement credit for Global Entry or TSA PreCheck.

Transfer points to airline and hotel travel partners.

Annual Fee:

$95 annual fee. (waived year 1)

Our Thoughts:

This is a great travel credit card. It offers a large introductory offer, free TSA PreCheck for 5 years, plus the annual fee is waived the first year.
LEARN MORE >>

 

Capital One Venture Rewards Card Fees

Prices and fees really do matter when you are looking into signing up for a new credit card. Some credit cards will have great rewards but they may come with a hefty annual fee attached to them. This credit card does have an annual fee that you will have to pay but it is not too high overall. You will need to pay a $95 annual fee for this credit card and the fee will be waived for the first year.

 

This card also offers you a generally favorable APR. It is not really anything to write home about but it will fall within a range that you can be comfortable with. You always want to make sure that you are getting the best deal that you can with these cards. This is an easy card to keep in your wallet as it will not be throwing any unreasonable interest rates or odd fees at you.

 

You won’t even have to pay foreign transaction fees when you make use of this card. If you travel abroad on occasion for either business or pleasure, then you will be able to use your card without worrying. This is a great deal as there are several travel credit cards on the market that do charge these fees. Being able to keep fees to a minimum in most areas and avoiding foreign transaction fees completely make this credit card stand out from the competition.

 

Features of the Capital One Venture Card

The biggest feature of this credit card is that it has a high rewards rate. You will be able to earn 2X miles on every dollar that you spend. This is very convenient for helping you to earn those travel rewards that you are seeking. If you happen to fly very often, then you will definitely be mitigating the costs of your travel by using this card.

 

You will also be able to enjoy a really nice sign-up bonus with this credit card. Spending a certain amount of money within the first three months will net you a large chunk of points. These points can be redeemed to go towards your travel expenses and it will be very beneficial to you. The spending amount to reach the bonus level for this reward is reasonable so it should be simple for you to take advantage of it.

 

Redemption is very flexible with this credit card too. You will be able to redeem your miles at the travel center to help you get great deals on flights, hotels, rental cars, and much more. You can also choose to book your travel outside of the Capital One travel center and receive a statement credit. Redeeming rewards will always feel intuitive and you will never have a hard time making use of your earned miles.

 

Benefits of the Capital One Venture Card

One really useful benefit of being a cardholder is that you get a fee credit for the Global Entry or TSA PreCheck programs. These programs are excellent for frequent fliers as they allow you to have a more streamlined experience. Applying for these programs involve associated fees and they are normally fairly high. Being a cardholder will allow you to get an application fee credit, making it easier to gain membership.

 

You will also be able to enjoy certain travel benefits that can make your life easier. The Capital One Venture Rewards will give you travel accident insurance that will protect you from certain mishaps. This insurance goes up to $250,000 in coverage and you will also be able to get $3,000 in lost luggage coverage. The card can also act as secondary auto rental insurance when you are traveling with a rental car.

 

Another benefit that you will passively make use of is this card’s ability to extend warranties on products that you are purchasing. When you buy a product with a warranty that is normally three years or less, your card is going to extend that warranty by one year. You will also be able to make use of purchase protection insurance which will protect you in the event that an item is stolen or damaged. You can be reimbursed for up to $500 per claim when it is within 90 days of the purchase date with a maximum of $50,000 in claims per cardholder.

capital one venture rewards card

 

Rewards Program Information

For the most part, this credit uses a very straightforward rewards program. No matter what you purchase, you will be able to earn two miles per every $1.00 that you spend. This allows you to rack up the rewards miles very quickly. It does not make a difference whether you are using your card to buy groceries or if you are purchasing airline tickets; you will still be earning those rewards miles.

 

There is one really good exception to this rule that you will want to look into further. When you book and pay for hotels using the Hotels.com website, you can earn an increased rewards rate. This involves using a special link, but it will allow you to earn 10 miles for every $1.00 spent on this purchase. This is certainly incredible and it is something that you will want to try to use when you are booking a hotel.

 

Otherwise, this is just a great general travel rewards credit card. Earning is very easy and redeeming your points will be a simple task as well. You can redeem your rewards miles at participating airlines and hotels without having any problems. Booking your travel through the Capital One travel portal is going to be ideal but since you can earn statement credit when booking elsewhere, it will be easy to just use the card as you see fit.

 

The Pros

  • Very good rewards rate
  • Ease of use
  • Good benefits
  • Reasonable fees
  • Capital One now has travel partners!

 

This credit card has a very good rewards rate that you will be able to take advantage of. If you are interested in earning travel miles for all of your purchases, then this credit card should be on your radar. You will be able to earn two miles for every $1 spent, making it one of the most practical credit cards out there. There is no need to worry about cumbersome bonus categories either.

 

The fact that this rewards credit card is so easy to understand makes it perfect for just about anyone. If you like to travel from time to time, then you will be earning miles that you can use to go on vacation. All of your purchases on the card will be earning you points and booking hotels through certain websites can be especially lucrative if you choose to pay attention to that bonus. Either way, you will be earning plenty of rewards miles and will be able to redeem them in a simple way.

 

The benefits of card membership are very nice too. You will be able to enjoy good purchase protection benefits as well as fee credit for the Global Entry or TSA PreCheck programs. These benefits are very useful and they just make being a cardholder that much better. Even if they are not the reason that you will want to sign up, they are useful perks.

 

Being able to enjoy using a rewards card with reasonable fees is nice too. The annual fee is there but it is not overly high. This fee is waived for the first year and it should not be too much of a burden to pay it in subsequent years. The fact that you can earn a lot of points with this card makes it great for just about everyone.

 

The Cons

  • Some cards offer higher rewards
  • Cash back options are not great
  • Some won’t like the annual fee

 

You should know that there are travel credit card options that can give you a greater reward potential. This is a great card to get if you do not want to have to concern yourself with bonus categories. Being able to earn miles on all of your purchases is very nice. Some people will prefer the bonus structure of other cards due to being able to earn very high rewards on specific categories.

 

The cash-back options on this card are not incredible either. You can choose to receive rewards as cash back but they will essentially be given to you at half value. If you want to get cash back, then you will be better off going with another rewards card. This is going to be a card that you will want to use towards travel purposes when it comes to redeeming the rewards.

 

It is also worth noting that some people may not be comfortable with the annual fee. It is a reasonable fee with the first year being waived; however, it is still an extra cost. You need to consider whether or not this is going to be worthwhile for you specifically. If you can benefit from the way that this card is set up, then it is easy to justify the annual fee.

capital one venture card

 

Credit Score Needed for Approval

Getting approved for this credit card is going to difficult if you do not have a good credit score. You will want to have a good score of 690 or higher in order to have the right approval chances. Those with excellent credit scores should not have a problem getting this credit card. Taking the time to check your credit score before applying may prove to be beneficial.

 

Who is the Capital One Venture Rewards Card for?

This credit card is great for anyone who wants to earn rewards that can be used toward travel. If you like to be able to use your credit card rewards to help pay for your vacations or business travel expenses, then this card will be appealing to you. It is a great general rewards card that allows you to earn miles on every purchase that you make. If you do not like having to micromanage your credit card purchases in order to hit on certain bonus categories, then this card is going to be perfect for you.

 

There may be some people who would prefer travel rewards credit cards that have a more specialized bonus structure, though. If you want a streamlined and straightforward rewards card experience, then this one is perfect for your wallet. Those who want to really dig into bonus categories to squeeze the rewards out of a credit card may want to look elsewhere. This is a very solid credit card that appeals more to people who want to have an easy experience.

 

Regular travelers will love having this credit card in their wallets. Simply being able to make use of the application fee credit for the Global Entry and TSA PreCheck programs will be very handy. This makes the yearly fee justifiable even when you do not consider the various other perks. Your traveling experience can be better when you have a reliable card like this available to use so you will likely want to consider applying for this one if you think that you can make use of it.

 

An Alternative Travel Card to Consider

The Chase Sapphire Preferred credit card is a good alternative for you to look into. It offers you similar benefits but it differs in several ways. You can earn 2X points on travel and dining expenses, allowing you to earn rewards fast when traveling. This card can pair effectively with other Chase credit cards too and it will transfer over to many airlines and hotel chains, making redemption very easy.

 

The reason to consider the Chase Sapphire Preferred credit card over the Capital One Venture Rewards credit card is that it can be micromanaged a bit more. If you like trying to maximize your rewards, then you can get creative with this Chase card. For some people, the Capital One Venture Rewards card is going to be easier and better overall due to offering extra rewards on every purchase. It just depends on what you want out of a travel credit card, but both are good options.

capital one venture

 

Decision Time: Is this the Right Card for You?

Signing up for the Capital One Venture card will prove to be a very good choice for many people. This credit card makes earning rewards simple and it allows you to continually rack up those rewards miles. It is a travel credit card that is very practical to use for many people. Being able to earn those rewards on all of your purchases is convenient and you should never have any trouble redeeming the rewards effectively.

 

The fact that you get so many benefits from being a cardholder makes it an easy decision to go ahead and sign up. This is a card that can offer you many great perks while also remaining practical. You won’t be paying a high annual fee just to gain access to the credit card. The first year’s annual fee is waived and the subsequent yearly fees fall within a very reasonable range.

 

This just might be the best travel credit card to keep in your wallet when you want something that is straightforward. It is a rewards credit card that does not leave you guessing in any way. You can earn rewards constantly and use them as you see fit. It is a lot easier to use than most other travel credit cards and gives you so much value.

 

If you make the decision to take advantage of the Hotels.com partnership, then you can increase the overall value of this card even further. Being able to earn 10 miles on every $1.00 spent is a great deal and you can really use it to make earning rewards fast. If you travel often enough and stay in hotels, then this is something that you should keep in mind. Whatever your needs are, the Capital One Venture card is a travel credit card that will prove to be beneficial.

 

Amex Platinum Review: A Premium Travel Credit Card Packed with Value

amex platinum card review

Rewards credit cards have continued to grow in popularity over the years. People love being able to earn cash-back rewards and bonus points on the purchases that they make. It gives them incentives to use the credit cards and makes it more practical for them to buy the things that they need. These rewards are often quite lucrative and can really make a difference. This is the case when it comes to the Amex Platinum Card.

 

It pays to get a rewards credit card that offers you the best perks and the most possible benefits. There are so many different options out there when thinking about rewards credit cards now. Some of them are specifically geared towards travel purchases and others are more of a general purpose type of rewards card. One of the earliest to the game and most highly regarded rewards credit cards is the Amex Platinum Card.

 

This credit card has been seen as one of the premier rewards credit cards for a very long time. Does it still stack up as a worthy option that deserves a place in your wallet? Keep on reading as The Amex Platinum Card is put under the microscope in this Travel Freedom review. You will be able to discover all of the little details about this credit card that you need to know. It will make it easier to determine whether this card is for you or if you are better off looking elsewhere for a rewards credit card fix.

Amex Platinum Card

Introductory Offer:

You’ll earn 60,000 Membership Rewards points after you spend $5,000 in the first 3 months.

Rewards:

You’ll earn 5X points on flights booked directly with airlines or through American Express Travel. You’ll earn 5X points on prepaid hotels booked on amextravel.com.

Benefits:

Enjoy Uber VIP status and free rides in the U.S. up to $15 each month (bonus $20 in December).

Enjoy access to the exclusive Global Airport Lounge Collection.

$200 Airline Fee Credit, up to $200 every calendar year with one qualifying airline. Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your card. Enrollment required.

Annual Fee:

$550 annual fee.

Terms Apply

Our Thoughts:

With a large introductory offer, statement credits, and airport lounge access, this is an excellent premium travel credit card.
LEARN MORE >>

 

Amex Platinum Card Fees

One of the first things that you’ll notice about this rewards credit card is that the annual fee is very high. This card is going to cost you quite a sum of money if you want to sign up for it. The annual fee is set at $550 and whether or not this is going to be worthwhile to you is going to depend on how well you can take advantage of what this card offers. For some people, paying this fee is completely justified due to the various perks that are offered by the card.

 

You won’t have to pay many other fees when you make use of this card, though. One nice feature that you can enjoy is that this card does not have any type of foreign transaction fee. If you are a person who travels out of the country frequently, then this will certainly appeal to you. Many comparable rewards cards charge foreign transaction fees of up to 3% but this card will allow you to enjoy a fee-free experience while you are abroad.

 

Features of the Amex Platinum

To fully understand the appeal of this rewards card and its features, you are going to need to travel regularly. If you travel often enough and if you like to stay in nice hotels, then this card really starts to make sense. Those who travel only sparingly will not be able to see as many benefits from this rewards credit card. It is going to be more useful to those who like to fly business class or first class rather than going coach as well.

 

That being said, there are many features that make this credit card a very useful one to keep in your wallet. Firstly, you automatically get a $200 credit every year that you can use at your airline of choice. You must choose the airline ahead of time and it can be used to offset expenses such as baggage fees or even in-flight purchases. This is a good feature that people really do get a lot of use out of. One negative is that you cannot use this toward airfare in any way but it is still going to come in handy for anyone who travels regularly as it is essentially free money.

 

You will also be receiving $200 worth of Uber credits every year. This is a fantastic feature for anyone who travels on business. This can potentially give you several completely free rides that will make getting around a new city that much easier. These credits will come in on a monthly basis and you will get an increased credit of $35 in December with the other months coming in at $15.

 

The Amex Platinum Card has a pretty good introductory offer as well. You will be able to get a hefty amount of points when you spend a certain amount on purchases in the first three months of having the card. This can be very useful for helping you to rack up quick rewards and helps to offset the high annual fee somewhat. Most people who will be traveling regularly will be able to easily hit the spending requirements so it is a nice bonus that you should keep in mind.

 

Benefits of the Amex Platinum

The benefits that this card has to offer are numerous and are likely going to be what draws you in. These benefits are very meaty and offer you some real perks. If you want to have a rewards credit card that comes with some real extra privileges, then this might be the one for you. Many of these benefits are very valuable and will make your traveling experience that much nicer.

 

Perhaps the biggest benefit is that you will gain entry into more than one thousand airport lounges around the world. American Express has its own Centurion Lounges that you will be able to take advantage of during your travels. You will also be gaining access to the premium lounges of several other airlines just by being a cardholder. This rewards card offers you the greatest lounge access of any credit card on the market and it can really make traveling so much easier for you.

 

To add to this, you are going to be given complimentary access to Gold status membership at Hilton Hotels. You will also automatically become a Gold Elite status member at the Marriott Bonvoy line of hotels. You’ll gain membership into the Avis Preferred, Hertz Gold Plus Rewards, and National Car Rental Emerald Club Executive programs as well.

 

You will have an easier time getting both hotels and rental cars when you make use of this credit card. You’ll even be enjoying access to many fine American Express hotels and resorts so you can see how much this appeals to those who travel often. It makes getting great hotel rooms simple and you will always be treated with the utmost respect. The annual fee is worth the price of admission for people who are looking for this type of superior travel experience.

 

It is also worth noting that you will be able to apply for the Global Entry or TSA Pre-Check programs for free. Every four years, this card is going to waive the usual fee for you to apply to these programs. Programs such as this make things so much simpler for regular travelers so you will want to get in on this if at all possible. Not having to pay the associated fees to apply will be fantastic so it is a huge benefit to you.

 

This credit card also offers significant purchase protection as a benefit of membership. When you buy an item and it gets stolen or damaged, then the American Express card will reimburse you for the cost of the item. You can claim up to $10,000 for an individual item with a maximum of $50,000 in claims per year. This is very generous and it should help you out immensely.

amex platinum review

 

Rewards Program Information

This card is going to allow you to earn 5X points on every dollar that you spend on airfare. If you spend a lot of money on airfare every year, then you could potentially earn a lot of rewards points using this credit card. This is the highest rewards rate possible for airfare and it makes this card very appealing to people who travel a lot. The more you spend on airfare, the better this card is going to be.

 

You can also potentially earn 5X points on every dollar that you spend on hotels. There is a bit of a catch to this, though. You need to make use of the American Express Travel Portal to book your hotels in order to earn the increased rewards rate. If you just book a hotel normally, then you will not be getting your 5X points.

 

Redeeming the points that you have earned through this credit card will be simple too. You can simply transfer these points over to various different hotels and airline partner programs. This will allow you to use your rewards to book flights, book hotels, and generally save yourself money on travel expenses. It is a very appealing rewards program and the number of participating airlines and hotels will definitely please you.

 

The Pros

  • Great rewards rates on airfare and hotels
  • Easy-to-redeem rewards
  • Incredible travel benefits of membership

 

You will be able to earn a great rewards rate when you make use of this credit card. Being able to earn five points per dollar spent on airfare is incredible and you can earn 5X points on hotels as well. As long as you are booking hotels through the American Express Travel Portal, you will have a really good experience. It makes it practical to keep this card in your wallet when you are spending a lot of money on travel.

 

Redeeming your rewards is so simple with this program that it will be very appealing to just about anyone. You can use your earned rewards points to book hotels or buy flights. The points transfer over to many different airlines and hotel partner programs. You will not have a tough time using your points when you sign up for this card.

 

The benefits of membership are so varied too. You will become a member of many different premium hotel programs and you will also enjoy car rental perks. It makes it easier to travel in pretty much every way. When you combine this with the benefits such as purchase protection, free Uber credits, and airline credits, you can see how appealing this card truly is.

 

The Cons

  • Less usefulness for people who spend less money on travel
  • Rewards categories that are not varied
  • High annual fee

 

Of course, this card is not going to be the perfect option for everyone. Even though this card is an incredible rewards card for people who travel often, those who don’t spend as much money on travel might find it to be less than ideal. If you try to limit your travel spending, then this card is going to be less useful for you than it would be for someone who flies first class regularly. You need to spend enough on travel every year to justify signing up for this card.

 

Also, the rewards categories are not really varied. There are many travel credit cards that offer bonus rewards on categories such as dining. This card only allows you to earn the increased rewards rate on airfare and hotels. For some people, another card with more rewards categories may make more sense.

 

The high annual fee is going to scare some people away too. If you do not like the idea of paying $550 a year for the privilege of using this card, then you may wish to shy away. It is an excellent credit card with some of the best perks out there but it will come down to whether or not you are going to use these perks. For some people, this will be the best credit card in their wallets so try to think about your personal situation before applying.

platinum card by amex

 

Credit Score Needed for Approval

In order to qualify for this credit card, you are going to need to have the right credit score. People with credit scores in the good range may qualify for this card and you will have better chances if your scores are excellent. A score of 690 or above will make it possible for you to be approved. It is always smart to check your credit score ahead of applying for a new card in order to avoid disappointment and any surprises.

 

Who is the Amex Platinum Card For?

This credit card is aimed at people who want to have a premium traveling experience. If you travel very frequently and you want to stay as comfortable as possible, then this is a rewards card that will appeal to you. The bonus categories are all related to travel and the perks center around providing you with a more comfortable traveling experience. It is a perfect rewards credit card for people who are willing to pay a little extra to stay in a nice hotel while they are out.

 

If you travel first class or business class regularly, then you will get a lot of use out of this credit card. Simply having access to the premium airport lounges will making flying a much nicer experience. You can pass the time during layovers in the most pleasant way possible and you will always feel your best. People who do not travel quite so often will not really be able to enjoy these benefits so much.

 

There are travel credit cards on the market that are geared toward more cost-effective travel experiences. If you fly coach every so often and only travel a few times in a calendar year, then this one might not be for you. Take a look at the perks and benefits to ensure that you will be able to take advantage of them often enough to justify that annual fee. You want to spend your money wisely and this card will only be a perfect fit for some people.

 

An Alternative Credit Card to Consider

For some people, the Capital One Venture Rewards credit card is going to be a more sensible option. It actually offers a high rewards rate on all of your purchases and it is very easy to redeem the rewards that you are earning. It is more robust in some ways when compared to this offering from American Express. You will be able to claim your rewards in the form of airline miles or you can enjoy getting statement credit if that is going to work out better for you.

 

Being able to get two miles for every single dollar that you spend is very appealing. You do not have to keep track of categories quite as much as you do with The Amex Platinum Card. The perks and benefits of membership may not be quite as intriguing with this option, though. Even so, the annual fee is significantly lower so it is automatically going to appeal more to some people.

 

Capital One Venture Rewards Card: Learn More >>

platinum card by american express

 

Conclusion

The Amex Platinum Card is a truly excellent credit card for people who travel all the time. If you are a businessperson who is on the go, then this is going to be a great card to keep in your wallet. It will offer you many perks and you will be able to enjoy a better travel experience overall just by being a cardholder. The benefits of being a cardholder are numerous but they are all geared toward high-end travel experiences.

 

If you like to travel while keeping your costs low, then this card might not be a good fit for you. This is something that works out nicely for people who enjoy nice hotels and don’t mind spending that extra cash. The more budget-conscious people who look into this credit card may not be as thrilled by what they are getting. The annual fee is quite high so you need to spend enough to justify that high fee with the rewards and perks.

 

You should keep this rewards credit card in mind if you are going to be traveling on a regular basis. Whether you are traveling for leisure or you are a touring professional of some kind, the Amex Platinum card is going to work out nicely. It allows you to stay in nice hotels by offering complimentary memberships in sought-after programs. You’ll gain access to the nicest airport lounges to hold you over during layovers. It makes renting cars simpler and it does many things to make your life easier.

First Premier Credit Card Review (BONUS: 3 Alternative Credit Cards)

first premier credit card review

If you’ve got bad credit, you may search the market for a credit card that can improve your score. One of the credit cards that you may come across in your search is First Premier credit card. First PREMIER Bank Mastercard Credit Card is one of the cards designed for consumers with bad credit. However, the cost of carrying this card is very high.

 

If you’re interested in knowing whether the First Premier Bank Mastercard Credit Card deserves a place in your wallet, read this comprehensive review detailing the APR, costs, and fees, and pros and cons of the card.

 

First Premier Bank Mastercard Credit Card

First Premier Bank Mastercard Credit Card isn’t a great deal for those with a so-so credit score. You’ll be required to pay $25 to $95 fees for processing if you’re approved for the card. Then, you’ll have to deal with an annual fee for the first year that could range from $75-$125 depending on your credit line. The starting credit line on the First Premier credit card ranges from $300 to $1000. This greatly reduces your spending power. Such a low amount combined with burdensome fees wouldn’t do you any good when you’re hit with unexpected expenses like home repairs, medical procedures, etc.

 

Not only that but First Premier Bank Mastercard Credit Card comes with a 36% APR (regular). That’s a very high-interest rate and you could sink into debt if you don’t pay off your balance on the credit card every month.

 

Pros of First Premier Credit Card

Spending Power

While looking for ways to remedy your bad credit, you may consider getting an unsecured card to buy something that you can’t afford to pay for in cash. That’s where First Premier credit card provides assistance. Assume that you’re approved for the card and are required to pay $25 after approval and a $79 in first-year fee for a 1,000 starting credit line. This will leave you with $896 in total spending power ($1000-$79-$25= $896). The monthly fees will not be waived so you’ll pay $8 monthly fee in the first year and in the second, it’ll increase to $10.4.

 

first premier credit card

 

Cons of First Premier Credit Card

Processing Fee

As discussed earlier, all those who’re approved for the First Premier credit card must pay a processing fee that could range from $25-$95. This could affect your spending limit and if you aren’t able to pay this fee within 85 days from the date of approval, First Premier will terminate your account.

Annual Fee for the First Year

The annual fee for the first year could be high – as much as $125. More specifically, if you are approved for the First Premier credit card with a $500 starting credit line, you’ll be required to pay $125. For $400, you must pay $100, for $600, $700 and $1000 you’ll be charged $79, and for $300 you’ll be required to pay $75 annual fee.

36% APR (Regular)

The main reason people with bad credit get unsecured credit cards is to finance unexpected expenses. So, you’ll probably be carrying a balance on the card every month. Unfortunately, this will prove to be extremely expensive for you with First Premier credit card because of the incredibly high 36% APR.

5% Fee on Cash Advances

If you tap into the credit line of your First Premier credit card at an ATM, you’ll have to pay 5 percent of the total amount withdrawn in cash advance fee. Interest will start accruing at 36% APR.

Foreign Transaction Fee Is 3%

If you charge international travel and/or spending on your credit card, you’ll have to pay a 3% fee for the foreign transaction.

No Rewards

There are no rewards or cash backs on First Premier Bank Mastercard Credit Card. There isn’t any introductory 0% APR special financing options either which means you can’t avoid the interest rate on the card if you finance your purchases with it.

 

First Premier Credit Card Login Information

You can access your credit card account online at https://www.mypremiercreditcard.com/. Payments can be made online, over the phone, or by a variety of other options. You can also sign up to receive real-time alerts to your email address or mobile phone. A mobile app is also available to manage First Premier credit card.

 

Should You Get a First Premier Credit Card?

We don’t recommend a First Premier Mastercard Bank Credit Card to you even if you’ve got poor credit. There are four reasons for that. First is that the card is very expensive. The processing fees could be from $25 to $95. The annual fee charge could be $75 to $125 for the initial year and then $45-$49 each year. Most of the other credit cards neither charge a processing fee nor an annual fee. This means that First Premier Mastercard Bank Credit Card is expensive compared to other credit cards.

 

The second reason is that this card offers very little payoff. The credit limit could be from $300 to $1000, depending on your creditworthiness. But, you won’t have the entire amount at your disposal. Given the high fees of the First Premier Mastercard Bank Credit Card, you may end with very little spending power.

 

The third reason is that the 36% APR of First Premier Credit Card is very high. If you carry a balance on your card, you’ll end up paying handsomely in interest. Moreover, your borrower power will keep decreasing as you continue carrying a balance on the credit card because of the monthly payments, annual fee, and high-interest rate.

 

The fourth reason we don’t recommend First Premier Bank Mastercard credit card is that there are much better alternatives available. Regardless of your need, you could qualify for better credit cards than the First Premier credit card. If you want to use a credit card for rebuilding your credit, you would be better off with a card that doesn’t charge an annual fee.

 

Alternatives for You to Consider

A good alternative that you could consider for rebuilding your credit is Capital One Secured Mastercard. This card comes with a $0 annual fee. There are no rewards and no introductory APR offer but it still is a good option for credit building since you won’t be paying an annual fee.

Learn More >>

 

Our Last Thoughts on First Premier Credit Card

In a nutshell, First Premier Mastercard Credit Card isn’t the best option for rebuilding credit. The high fees and interest on the card can prove costly for you. Moreover, the card offers vary little payoff. So, before you apply for this credit card, search the market for better alternatives. You should only get it when you can’t qualify for a better credit card.

 

The 3 Best Alternative Credit Cards to Consider

Maybe you can do better than this credit card. If you have good credit, you should consider a few other options that will give you better benefits. The credit cards below are a few of our favorites, especially if you’re interested in traveling more. A few of these cards have signup bonuses that are big enough to redeem for multiple round trip flights. My wife and I used our Chase Sapphire Preferred signup bonus to book round trip flights for the both of us to Hawaii! It was well worth researching and getting the best credit card.

 

 Cash Back AlternativeCash Back AlternativeTravel Rewards Alternative
Chase Freedom
Chase Freedom Unlimited
Sapphire Preferred
Signup Bonus$150 (15,000 pts)$150 (15,000 pts)50,000
Bonus Spending Categories5X on select rotating quarterly categories1.5X on all purchases2X on travel and dining
Annual Fee$0$0$95 (waived year 1)
Extra PerksIntroductory APR offerIntroductory APR offerBaggage insurance, trip insurance, rental car insurance
Best for People Who...Want no annual fee

Also have a Sapphire card

Want to earn bonus points on spend
Want no annual fee

Also have a Sapphire card

Want simple 1.5 bonus
points on every purchase you make
Want a large introductory bonus

Want the annual fee waived year 1

Like to Travel
Learn More >>Learn More >>Learn More >>

 

Decision Time: Which Credit Card is Really the Best for You?

Here at Travel Freedom, we like to travel, which is why we always prefer travel credit cards for ourselves. You might be the same as us or maybe you’d rather use your points as cashback. Either way, all of these cards earn Ultimate Rewards that can be used for either travel or as cash back.

 

We think that any four of these cards are a better option than the above-reviewed credit card. They earn points that are both valuable and very versatile. You can redeem them for an assortment of things including our favorite, TRAVEL!

Firestone Credit Card Review (BONUS: 3 Better Alternative Credit Cards)

A vehicle is prone to break downs and sometimes there isn’t anything you can do to prevent that. Since it’s your safety and the safety of your family on the line, vehicle maintenance and repair isn’t optional, it is a must. Depending on the make, model and age of your car, even routine vehicle checks, and maintenance can prove to be costly. If you aren’t prepared, car repairs can derail your budget and make it hard for you to manage other important expenses. Fortunately, if you’re a frequent Firestone customer, there is a Firestone credit card.

 

The Firestone Complete Auto Care credit card may make it easier for you to cope with unexpected vehicle-related expenses. If you always have your car serviced by Firestone, you could consider getting their credit card. To help you decide whether Firestone Complete Auto Care card deserves to be in your wallet, we’ll discuss the pros and cons of Firestone credit card and everything you can get from this card.

 

Firestone Credit Card

Firestone Complete Auto Care card is a store card which means that you can only use it on Firestone purchases. The special financing offer is the main reason people usually get it, but it isn’t the best option for many because of deferred interest.

 

Special Financing

Only one special financing offer is offered by the Firestone Complete Auto Care card. You don’t have to pay any interest if you pay the amount in full within a period of 6 months. However, it applies to only on purchases of $149 or higher. After the interest-free period, a 28.80% fixed APR is charged.

 

This offer might seem decent, but it isn’t all that great when compared to other cards that provide interest-free periods of 21 months. Plus, there are several cards that don’t come with deferred interest.

 

Differed Interest Can Be a Problem

Not all store cards charge a deferred interest, but some do. Deferred interest allows you to take advantage of special introductory financing options. But, if you don’t pay the amount before the interest-free period is over, you’ll have to pay interest on your purchases/repairs starting from the day the purchases/repairs were charged on your card. This means you could end up paying handsomely in interest if you fail to pay in full by the end of the promotional period. To avoid the deferred interest on Firestone credit card, the balance must always be paid in full within the promotional period.

 

Special Deals and Monthly Coupons

As a Firestone Complete Auto Care cardholder, you’ll receive special deals and monthly coupons that can only be used at Firestone. If you undergo car maintenance at Firestone alone, you could benefit from them and save a few bucks on vehicle-related expenses. However, the deals and monthly coupons won’t do you any good if you don’t always go to Firestone for vehicle maintenance, repairs or to purchase a new set of tires. Moreover, the deals and coupons aren’t as good as the rewards and cash backs that are available with most of the other store credit cards.

 

Firestone Credit Card Login Information

You can easily manage your Firestone Complete Auto Care card account online. Register your card at the Credit First National Association (CFNA). You’ll be required to provide your Social Security and credit card numbers. Once registered, you’ll receive the login details for your account. Sign in to your account to manage it. To make payments, click on “View Payments”. Next, select the amount you wish to pay. Payments can also be made via mail or phone.

 

Is the Firestone Credit Card Right for You?

Nobody likes to take their vehicle for maintenance or repairs as it can be expensive. Paying a large amount of money at once is difficult and it can derail your budget. The Firestone credit card may help you in such a scenario, especially if your car has broken down and the repairs are going to be extremely costly.

 

firestone credit card

 

You could avail the special financing option that comes with the Firestone Complete Auto Care card to spread the cost of car repairs over time. You’d be eligible for the offer if you make a purchase of at least $149 and pay with your card. You’ll be required to pay off the repairs or purchases within a period of six months. However, as we discussed earlier, there’s a catch. If you can’t pay off your balance in full within the period of six months, you’ll be charged interest on the full purchase going back to the date of the purchase. You’ll also have to pay interest if you’re late with payment. So, the special financing offer could make you fall in debt if you’re not careful. Firestone Complete Auto Care card could be right for you if you’re good at making payments on credit cards.

 

Besides the special financing offer, Firestone credit card lack benefits. There are no rewards, points or cash backs. However, you’ll get special discounts and coupons as a cardholder like tire rotations or oil exchanges.

 

If you don’t have a good credit history and want to improve your score, you could use the Firestone credit card as there’s no annual fee and it’s easier to obtain it. On-time payments will help increase your credit.

 

However, if you have a good credit score, there’re plenty of other credit cards to consider. Many credit cards offer cash back and rewards and come with longer promotion periods. So, make sure to consider all the options before you decide to get a Firestone credit card.

 

An Alternative Card

There are plenty of alternatives for you to consider if you aren’t satisfied with what Firestone credit card has to offer. One good option is from Wells Fargo. Their Platinum Visa card offers an introductory APR offer on balance transfers and purchases for a period of 18 months. After that, the variable APR switches to the normal rate. You also don’t have to pay an annual fee on the Wells Fargo Platinum Visa Card.

Learn More >>

 

Our Last Thoughts on the Firestone Credit Card

You can benefit from the in-store special financing offer on Firestone Complete Auto Care card. But, since there are no rewards and cash backs on the card, it won’t help you save much in repairs and purchases from Firestone. You could get rewards and cash backs from other credit cards and save more than a few bucks on car repairs and car-related purchases.

 

Firestone Complete Auto Care card could be a good option for you if you usually struggle to pay your car-related expenses in one go or if you want to use it to rebuild your credit. Otherwise, we would suggest you search the market for better credit cards that can actually help you save money.

 

 

The 3 Best Alternative Credit Cards to Consider

Maybe you can do better than this credit card. If you have good credit, you should consider a few other options that will give you better benefits. The credit cards below are a few of our favorites, especially if you’re interested in traveling more. A few of these cards have signup bonuses that are big enough to redeem for multiple round trip flights. My wife and I used our Chase Sapphire Preferred signup bonus to book round trip flights for the both of us to Hawaii! It was well worth researching and getting the best credit card.

 

 Cash Back AlternativeCash Back AlternativeTravel Rewards Alternative
Chase Freedom
Chase Freedom Unlimited
Sapphire Preferred
Signup Bonus$150 (15,000 pts)$150 (15,000 pts)50,000
Bonus Spending Categories5X on select rotating quarterly categories1.5X on all purchases2X on travel and dining
Annual Fee$0$0$95 (waived year 1)
Extra PerksIntroductory APR offerIntroductory APR offerBaggage insurance, trip insurance, rental car insurance
Best for People Who...Want no annual fee

Also have a Sapphire card

Want to earn bonus points on spend
Want no annual fee

Also have a Sapphire card

Want simple 1.5 bonus
points on every purchase you make
Want a large introductory bonus

Want the annual fee waived year 1

Like to Travel
Learn More >>Learn More >>Learn More >>

 

Decision Time: Which Credit Card is Really the Best for You?

Here at Travel Freedom, we like to travel, which is why we always prefer travel credit cards for ourselves. You might be the same as us or maybe you’d rather use your points as cashback. Either way, all of these cards earn Ultimate Rewards that can be used for either travel or as cash back.

 

We think that any four of these cards are a better option than the above-reviewed credit card. They earn points that are both valuable and very versatile. You can redeem them for an assortment of things including our favorite, TRAVEL!

Gap Credit Card Review (BONUS: 3 Better Alternative Credit Cards)

gap credit card

Gap is a popular, trendy clothing store that’s loved by people of all ages. Gap is part of a big family of retailers which includes Banana Republic, Athleta, Old Navy, Hill City, and Gap itself. If you regularly shop from these stores, you might want to consider using a Gap credit card that offers extra perks for shopping.

 

We are taking an in-depth look into Gap credit cards to help you decide whether this card deserves a place in your wallet. In this review, we’ll discuss the types of Gap credit cards available and the perks associated with them.

 

Gap Credit Cards

gap card

There are two types of credit cards available:

  • GapCard
  • Gap Visa Card

 

Both GapCard and Gap Visa Card provide access to rewards program and they can be used in-store and online at Gap family of stores and Gap0. The major difference between the GapCard and Gap Visa Card is that the Gap Visa Card can also be used where Visa is accepted.

 

APR and Other Charges

Both Gap credit cards don’t charge an annual fee and come with a 26.74 percent APR (variable). This rate varies depending on the market and is based on Prime Rate. A maximum of $37 will be charged for late payment. The GAP Visa charges a 28.49 percent APR for cash advances. The foreign transaction fee is 3 percent of each transaction.

 

GapCard Rewards Program

When you’re approved for a Gap credit card, you are enrolled in a rewards program which allows you to earn points on purchases that are qualified. To maximize the reward points, use your Gap credit card at the Gap family of stores. For every dollar you spend, you’ll get five points. If you have a Gap Visa Card, you’ll be awarded one point for each dollar you spend outside of Gap stores. A $5 reward is awarded to Gap credit card holders for every 500 reward points they have.

 

Gap Silver Status

The GapCard comes with other bonuses and benefits that you may find valuable. If you’re able to earn 5,000 points in a single calendar year, you qualify for the Gap Silver status. This status includes different bonuses like 20 percent bonus points per every quarter, free shipping for items purchased at Gap, free alterations (basic) at the Banana Republic and dedicated customer service agent.

 

Gap credit card cardholders also get presales and exclusive deals like special birthday saving and 10 percent Tuesdays when they shop at Gap.

 

Signup Offers

New Gap credit card cardholders get a discount of 15 percent on the first purchase they make with the card. If you’re planning to make a big purchase from the Gap stores, you could save a lot of money.

 

If you opt for receiving text updates from Gap and sign up for paperless billing, you may earn 1,000 points as a bonus. These bonuses aren’t too impressive when compared to sign-up bonuses offered by many other store cards.

 

Interest Rate Could Be a Problem

Although both GapCard and Gap Visa Card don’t charge an annual fee, they carry very high APRs. This isn’t a major problem if you pay off your balance every month in full instead of carrying it with you. If you can’t pay all of your balance each month, cards with a high APR are going to be very costly to you and you may end up paying hundreds of dollars every year in interest. Those who can’t pay off their balance in full every month shouldn’t go for a Gap credit card. Instead, they should consider a low APR credit card.

 

No 0% Introductory APR Offer

In addition to high APRs, there isn’t an introductory zero-percent APR or special financing promotional offers. Such concessions are usually available to new cardholders with credit cards from other stores. These offers are great as they can help cardholders save money on purchases they make within a certain period and on balance transfers as well.

gap credit card review

 

Credit Score Required for Gap Credit Cards

Like other store credit cards, if you have experienced financial troubles in the past which have messed up your credit, you’re more likely to qualify for the GapCard rather than the Gap Visa Card.

 

You may qualify for the GapCard if your credit score is 600s or anywhere near. However, for the Gap Visa Card, it’s likely that you won’t qualify unless your credit score is 700 or higher. You can apply for a Gap credit card by completing an application online. If you don’t qualify for the Visa version, you’ll be offered the GapCard.

 

Drawbacks

One of the major drawbacks of the GapCard and Gap Silver card is that they can only be utilized at the Gap store and Gap family of stores. The rewards and points earned can also only be utilized at those stores. If you frequently shop at Gap, this might not be a drawback for you as you’ll be able to use all your rewards in one place. But, if you want to diversify your rewards, then the Gap credit cards might not be right for you.

 

Gap Credit Card Login Information

Synchrony Bank offers a platform where you can manage your Gap credit card account online. If you’re utilizing the platform for the first time, you’ll have to sign-up for a new account. Once you have registered an account, you can log in by providing your username and entering your password.  Within the platform, you have these options:

  • View your account activity
  • Make payments
  • View your billing statements
  • Set up alerts and more

 

Should You Apply for a Gap Credit Card?

Store credit cards are great for building up credit and you can use the Gap credit card for the same purpose. Moreover, if you frequently shop at Gap and Gap family of stores, then the Gap credit cards would most likely be right for you. You may reach the Gap silver status and get access to added perks that come with it.

 

Alternative Cards for You

If you don’t usually shop at Express stores, then Express Next Credit Card might not be right for you. Instead, you should consider other credit cards like the Chase Freedom Unlimited card that offers the best introductory zero-percent APR. Once you’re approved for this card, you’ll be given a limited time zero-percent introductory APR that applies to both balance transfers and purchases. There are also other perks associated with this credit card like the signup bonus points and no annual fee.

 

Our Last Thoughts on the Gap Credit Card

Gap credit cards are a good option for avid Gap shoppers as they can redeem the rewards and discounts offered by these cards at Gap and Gap family of stores. However, because of the hefty APR, these credit cards aren’t a good option for those who can’t pay off their balance on the card in full every month.

If you’re searching for a credit card that’s more flexible with rewards and discounts, then Gap credit cards aren’t for you. They also aren’t for you if you prefer rewards that can be utilized outside of Gap stores.

 

 

The 3 Best Alternative Credit Cards to Consider

Maybe you can do better than this credit card. If you have good credit, you should consider a few other options that will give you better benefits. The credit cards below are a few of our favorites, especially if you’re interested in traveling more. A few of these cards have signup bonuses that are big enough to redeem for multiple round trip flights. My wife and I used our Chase Sapphire Preferred signup bonus to book round trip flights for the both of us to Hawaii! It was well worth researching and getting the best credit card.

 

 Cash Back AlternativeCash Back AlternativeTravel Rewards Alternative
Chase Freedom
Chase Freedom Unlimited
Sapphire Preferred
Signup Bonus$150 (15,000 pts)$150 (15,000 pts)50,000
Bonus Spending Categories5X on select rotating quarterly categories1.5X on all purchases2X on travel and dining
Annual Fee$0$0$95 (waived year 1)
Extra PerksIntroductory APR offerIntroductory APR offerBaggage insurance, trip insurance, rental car insurance
Best for People Who...Want no annual fee

Also have a Sapphire card

Want to earn bonus points on spend
Want no annual fee

Also have a Sapphire card

Want simple 1.5 bonus
points on every purchase you make
Want a large introductory bonus

Want the annual fee waived year 1

Like to Travel
Learn More >>Learn More >>Learn More >>

 

Decision Time: Which Credit Card is Really the Best for You?

Here at Travel Freedom, we like to travel, which is why we always prefer travel credit cards for ourselves. You might be the same as us or maybe you’d rather use your points as cashback. Either way, all of these cards earn Ultimate Rewards that can be used for either travel or as cash back.

 

We think that any four of these cards are a better option than the above-reviewed credit card. They earn points that are both valuable and very versatile. You can redeem them for an assortment of things including our favorite, TRAVEL!

Belk Credit Card Review (BONUS: 3 Better Alternative Credit Cards)

belk credit card review

Regular customers of Belk will be interested in the Belk credit card since it offers several attractive rewards for cardholders. In this article, regular customers at Belk will come to know about the pros and cons of the Belk credit card and the rewards that it gives to cardholders.

 

Top Advantages of Having a Belk Credit Card

Some of the good points about the Belk credit card include the zero annual fee and the relatively low credit score requirement of 680.

 

There are several more attractive features:

  • The credit card comes with a handsome first purchase discount of 15%to 20% on the first day of shopping.
  • You can gain 3 points for every dollar that you spend at the Belk store or at Belk.com
  • The Belk premier rewards card is even better since it offers 4 points for every dollar that you spend at Belk store or at Belk.com
  • The Belk elite rewards card will give you the maximum return of 5 points for every dollar that you spend at Belk.com or the Belk store
  • If you also posses MasterCard, you will get 2 points for every dollar that you spent on fuel and groceries
  • If you also own MasterCard, you will also get 1 point on $1 spent anywhere else
  • Redeem 1000 points for $10 worth of Belk reward dollars
  • Exclusive access to 20 savings events annually
  • Early access for promos and events at the store

 

Bonuses and Interest Rates

The fact that this card offers a wide array of bonuses and comes without annual fees, makes it ideal for those who make the bulk of their purchases at Belk. Although the APR is towards the high side of around 24%, it is quite normal for store-branded credit cards to have this level of interest rate.

 

Types of Belk Credit Cards

Much like other store-branded credit cards, Belk offers its card in 2 types: (i) the simple store card (ii) Belk-branded MasterCard

 

The latter option is linked to the MasterCard which will offer very attractive rewards on other purchases such as a 2 percent reward rate for spending on gas and grocery and a one percent rate on any other purchase.

 

Each Belk Card Has Different Benefits

The reward percentage will not vary between the cards. However, the advanced cards will give you higher rates of reward for shopping at Belk and will offer great bonuses as well. To remain qualified for your advanced cards, you must purchase annually within the spending bracket that made you eligible for the advanced card.

 

Belk Card Tiers

The following are the types of cards offered by Belk:

  • Belk Rewards: This is the basic card that you will obtain by default. The reward rate at Belk for this card is 3 percent which amounts to 3 points per dollar spent.
  • Belk Premier Rewards: You will gain access to this card if your expenditure at Belk during the year is from $600 to $1,499. The reward rate for this card at Belk is 4 percent.
  • Advanced Card: Belk Elite Rewards. You will gain access to this card if your expenditure at Belk over the year is more than $1500. The reward rate at Belk for this card is 5 percent.

 

Belk Premier Rewards Card

Advanced cards offer greater bonuses and rewards. The Belk Premier Rewards Card provides these bonuses as well:

  • Premier Savings Day invitations.
  • Ability to make flexible payments through Belk rewards flex pay plan.
  • Birthday coupon

 

Belk Elite Rewards Card

The most advanced card at this store is the Belk Elite Rewards Card. All the rewards featured above are provided by this card along with the following rewards that are not offered by other Belk store cards:

  • Four Elite Savings Day invitations
  • Pick Your Own Sale Day with 20% off on a quarterly basis
  • Free shipping for purchases made in-store or at Belk.com

 

In general, the more advanced the card, the higher the rewards and bonuses. Therefore, those spending substantial amounts at the Belk store will be better off if they apply for the Belk card.

 

More Benefits

The bottom line is that the cards offer generous rewards for those who make a lot of purchases at the Belk store. However, remember that there are a number of tiers for these cards. For instance, if you shop at Hot Topic with the Hot Topic card, you will enjoy a reward rate of 5 percent.

 

One great advantage is that if you have a MasterCard, you can then use the card anywhere.

 

Possible Drawbacks

One major con is that it may not be of much use to those who do not spend substantial amounts at Belk.

 

Credit Impaired Customers Can Benefit

A big advantage for those with a poor credit score is that Belk cards are easy to apply for since like other closed loop store cards, they have less stringent criteria for approval. Credit disadvantaged customers will find it much easier to apply for the Belk card as compared to standard cards from Discover, MasterCard, Visa, etc. Even for those who have a limited credit history, the Belk credit card makes a fine option.

 

Easier To Weigh the Benefits

Since there are no annual fees that must be paid to use these cards, you won’t have to follow your rewards dollars to ensure that they are exceeding annual payments.

 

Easy to Understand

The offers, bonuses, and discounts are also pretty straightforward and easy to understand. So, first-time credit card users will not have any difficulty with the Belk credit card. The rewards are sent automatically.

 

MasterCard  Advantage

If you meet criteria for MasterCard, then you will automatically receive the MasterCard in lieu of the standard store card.

 

Receiving Belk Rewards

Keep in mind that you will start to earn your reward dollars via mail once your score goes up to the 1000 point mark. There is also a hundred dollar limit on every billing cycle. Whatever amount is in excess of $100 will be received during the next billing cycle. However, the chances of amounts exceeding $100 are quite low since you will have to spend big to reach that amount. The reward dollar points are valid for one year so make sure that you claim your reward within one year of earning the points.

 

As with all credit cards, you must make timely payments to keep the maximum amount from your rewards.

 

Our Last Thoughts on the Belk Credit Card

This is a great credit card to have if you are a regular shopper at Belk. If you’re not, you may want to consider these more versatile options.

 

 

The 3 Best Alternative Credit Cards to Consider

Maybe you can do better than this credit card. If you have good credit, you should consider a few other options that will give you better benefits. The credit cards below are a few of our favorites, especially if you’re interested in traveling more. A few of these cards have signup bonuses that are big enough to redeem for multiple round trip flights. My wife and I used our Chase Sapphire Preferred signup bonus to book round trip flights for the both of us to Hawaii! It was well worth researching and getting the best credit card.

 

 Cash Back AlternativeCash Back AlternativeTravel Rewards Alternative
Chase Freedom
Chase Freedom Unlimited
Sapphire Preferred
Signup Bonus$150 (15,000 pts)$150 (15,000 pts)50,000
Bonus Spending Categories5X on select rotating quarterly categories1.5X on all purchases2X on travel and dining
Annual Fee$0$0$95 (waived year 1)
Extra PerksIntroductory APR offerIntroductory APR offerBaggage insurance, trip insurance, rental car insurance
Best for People Who...Want no annual fee

Also have a Sapphire card

Want to earn bonus points on spend
Want no annual fee

Also have a Sapphire card

Want simple 1.5 bonus
points on every purchase you make
Want a large introductory bonus

Want the annual fee waived year 1

Like to Travel
Learn More >>Learn More >>Learn More >>

 

Decision Time: Which Credit Card is Really the Best for You?

Here at Travel Freedom, we like to travel, which is why we always prefer travel credit cards for ourselves. You might be the same as us or maybe you’d rather use your points as cashback. Either way, all of these cards earn Ultimate Rewards that can be used for either travel or as cash back.

 

We think that any four of these cards are a better option than the above-reviewed credit card. They earn points that are both valuable and very versatile. You can redeem them for an assortment of things including our favorite, TRAVEL!

The Toys R Us Credit Card: Everything You Need to Know

toys r us credit card

Did you have a Toys R Us credit card when they went bankrupt as a company and closed all their stores? I’m sure with the holiday season in full effect, you’ve now found a new place to buy toys, but have you found a new credit card to replace your Toys R Us credit card? There are hundreds if not thousands of credit cards to choose from so it can be a daunting task. Your Toys R Us credit card may have been automatically replaced with a Synchrony credit card. I’m here to tell you that there are better credit card options out there.

“What happened to my Toys R Us credit card?”

 

In this article, we’ll help you understand what happened to the Toys R Us credit card and Babies R Us credit card. In case you missed it, we’ll also inform you about what happened to Toys R Us last year. Plus, we’ll show you some other credit card options to seriously consider getting.

 

What Was the Toys R Us Credit Card?

The Toys R Us credit card was a store credit card, specifically to be used at Toys R Us and Babies R Us stores. The card offered some excellent benefits for people who shop for toys frequently. The features included the following.

  • Introductory Offer: Choose from either 15-20% off a single purchase or special financing with the R Us credit card
  • Spending Bonus: Earn 2 Points per dollar spent at Toys R Us and Babies R Us
  • Exclusive Discounts: 10% off at R Us stores on Thursday
  • R Us Rewards: Every 125 points is worth $5 in R Us Rewards
  • Baby Registry Benefits: Registrants get up to 10% back on purchases made from their Babies R Us registry
  • Birthday Club: Geoffrey’s Birthday Club offers for members

toys r us credit card payment

 

For a card that had no annual fee, the R Us credit card had a ton of valuable benefits for those who shopped at Toys R Us or Babies R Us regularly. If you had a huge purchase of toys, the introductory offer alone could save you tons of money. Getting 2 points per dollar and 10% off every Thursday were great features too.

 

Just think, if you purchased $70 worth of toys on a Thursday, you would get $7.00 off and earn another $5 in R Us Rewards points for later use. That’s a great earning rate for a credit card.

 

The downside of the Toys R Us credit card was that it could only be used at R Us branded stores. This means that you had to have one credit card specifically for purchasing toys, that couldn’t be used anywhere else. Here’s the information on how you used to contact Toys R Us regarding their store credit card.

 

Toys R Us Credit Card Customer Service Number

 

Toys R Us Credit Card Payment Address

If you had a Toys R Us Mastercard, you would have sent payments to this address:

  • R Us MasterCard
    Post Office Box 530939
    Atlanta, GA 30353

 

If instead, you had the Toys R Us store credit card then your payment would have gone here:

  • R US Credit Services
    Post Office Box # 530938
    Atlanta, GA 530938-0938

 

Toys R Us Credit Card Login Information

 

Toys R Us Credit Card Payment Phone Number

 

What Happened to Your Toys R Us Credit Card?

In June of 2018, Toys R Us officially closed all of its stores. The year before, it had filed for Bankruptcy with the hopes of staying in business but failed to do so. In the same month, communications went out by email notifying cardmembers that their Toys R Us credit cards would be automatically converted into a new Synchrony Mastercard. While your new Synchrony credit card may not be as good for buying toys as the Toys R Us card was, it’s a decent replacement.

 

Your Toys R Us Card is Now a Synchrony Credit Card

The new Synchrony credit card is not a publicly available card. It’s exclusively for converted Toys R Us cardmembers. This Synchrony card offers 2% cash back on all purchases, which is not great, but also not bad.

Toys R Us Credit Card to Synchrony

 

What Stores Accept Synchrony Credit Cards?

Because the new credit card is a Synchrony Mastercard and not a store specific card, it can be used anywhere Mastercard is accepted. That means you can use it basically anywhere that credit cards are accepted.

 

Better Credit Card Options You Should Consider

You may want to consider getting a completely different credit card. There are other credit cards that might make more sense for you. You’ll first need to decide whether you want cash back or a travel rewards credit card. There are some credit cards available with very valuable introductory offers. A few of them have offers worth more than $500. It’s even possible to get more than $1000 of value from the introductory offer from the Chase Sapphire Preferred card.

 

If You Want to Earn Cash Back

Chase Freedom

Chase Freedom Credit Card Review
  • Introductory Offer: $150 Bonus after spending $1000 in the first 3 months
  • Spending Bonus Categories: 5% Cash Back on quarterly rotating categories
  • Annual Fee: $0
  • Learn More >>

 

Capital One Quicksilver Learn More >>

capital one quicksilver cash card

  • Introductory Offer: $150 Cash Bonus after spending $1000 in the first 3 months
  • Spending Bonus Categories: 1.5% Cash Back on all purchases
  • Annual Fee: $0
  • Learn More >>

 

Blue Cash Everyday Card Learn More >>

blue cash everyday card from american express

  • Introductory Offer: $150 Statement Credit after spending $1000 in the first 3 months
  • Spending Bonus Categories: 3% Cash Back at US supermarkets and 2% at US gas stations
  • Annual Fee: $0
  • Terms Apply
  • Learn More >>

 

If You Want to Earn Travel Points

Chase Sapphire Preferred

Chase Sapphire Preferred Credit Card
  • Introductory Offer: 50,000 points after spending $3000 in the first 3 months
  • Spending Bonus Categories: 2X points on travel and dining worldwide
  • Annual Fee: $95 (waived in year 1)
  • Learn More >>

 

Capital One Venture Learn More >>

Capital One Venture Credit Card Review

  • Introductory Offer: 50,000 points after spending $3000 in the first 3 months
  • Spending Bonus Categories: 2X points on all purchases
  • Annual Fee: $95 (waived in year 1)
  • Learn More >>

 

Ink Business Preferred

Chase Ink Business Preferred Credit Card
  • Introductory Offer: 80,000 points after spending $5000 in the first 3 months
  • Spending Bonus Categories: 3X points on travel and select business categories
  • Annual Fee: $95
  • Learn More >>

The Rise and Fall of Toys R Us

Here’s the story of how Toys R Us went from “toy giant” to going bankrupt and having to close all of its stores in 2018. See where they went wrong.

 

Is Toys R Us Making a Come Back?

In a recent press release, the owners of the Toys R Us intellectual property announced that they will be making a comeback. They’ll have a slightly different business model this time around. Their first move is to wholesale toys under the brand name “Geoffreys Toy Box”. These toys will be available in nearly 600 Kroger owned stores around the US starting in the 2018 holiday season. The stores will include Kroger, Ralphs, Smith’s, and Fred Meyer.

“We’re excited to offer Geoffrey’s Toy Box this holiday season to provide our customers with the opportunity to purchase a selection of toys once exclusive to Toys R Us”

-Robert Clark, Kroger’s senior vice president of merchandising

 

Geoffreys Toy Box will initially include a mix of 35 toys priced from $19.99 to $49.99. While you won’t be seeing any Toys R Us stores popping up, you might see their exclusive toys.

Express Credit Card Review (BONUS: 3 Better Alternative Credit Cards)

express credit card review

Express is a major retailer and like many other retailers today, it offers its own credit card. Applying for the store credit card from Express can save you money when shopping from the store. However, you would have to use the card a lot before you can actually start benefiting from it. If you frequently shop at Express and are considering adding an Express card to your wallet, read this comprehensive Express credit card review.

 

The Express Next Credit Card

express next credit card

The store credit card offered by Express is called the “Express Next Credit Card”. It’s fairly easy to set up and offers standard rewards program allowing cardholders to collect points on purchases made from the store with the credit card. The points accumulate over time and once you have collected enough points, you’ll get a reward certificate. This card also gives you access to exclusive offers and discounts.

 

Since the Express card isn’t affiliated with major payment networks, you can only use it to make purchases at Express stores. The rewards can also only be utilized at Express.

 

 

Pros of the Express Credit Card

Express Credit Card quick benefits:

  • Cardholders earn 20 points per every $1 they spend at Express stores, both online and in-store.
  • 20 percent off on first purchase
  • At 2,500 points, you get a $10 gift card.
  • Upgrading to A-List status by getting 7,500 points within a year gives better benefits
  • Complimentary birthday gift
  • No annual fee

 

The Express Next Credit Card provides a few benefits that may enhance the experience of Express shoppers. Like most store credit cards, the Express card doesn’t have an annual fee. Once you’re approved for the credit card, you’ll receive a 20% discount on your first purchase made with the card.

 

It offers great reward opportunities. The Express Card reward program is similar to the program included with standard store credit cards. When shopping at Express stores, you’ll earn 20 points per every $1 you spend. Once you collect 2,500 points, you’ll be awarded $10 gift card. A-List credit card holders (details below), will get $15 gift card.

 

Aside from the discount on card approval and rewards program, you’ll receive additional benefits like access to special offers and birthday gift.

 

If you earn 7,500 points in a year, your Express Next Credit Card will be upgraded to Express Next A-List Credit Card. A-List cardholders get additional benefits like free standard shipping on orders from Express and premium birthday gift.  

 

Cons of the Express Card

Express Credit Card quick cons:

  • Limit on the card
  • High APRs
  • No special financing offers

 

While the card does offer good rewards and discounts, there are certain things that aren’t that feasible. For instance, the card comes with a very high APR – 28.49 percent variable. This isn’t a problem for you if you can pay off your balance in full every month. But, if you often carry a balance on your credit cards, you will pay handsomely in interest. Another downside of Express Credit Card is that many new cardholders receive a $500 or $750 credit limit. There are several factors that determine the credit limit, but a low credit limit makes it difficult for people to charge their entire purchase on the card.

 

Credit Score Needed for Express Credit Card Approval

Comenity Bank, the issuer of Express Credit Card doesn’t specify the minimum credit score required for this card. However, you have a good chance of qualifying if your credit score is in the range of 600-650. Since the card doesn’t have an annual fee, you can use it for rebuilding your credit. However, be careful about the high APRs and always pay off your balance in full on time.

express credit card

 

Express Credit Card Login Information

You can sign in into your credit card account by visiting the Express credit card login page. Enter your username and password to login into your account. From your account, you can check your statements, pay bills, make payments and more.

 

Is the Express Card Right for You?

The Express Credit Card can certainly save you some bucks when you’re shopping at Express stores. This credit card does offer good rewards and discounts allowing you to save money on your purchases. But, are the rewards and discounts worth it?

 

The 20 percent off on your first purchase will save you money, but it’s only for one time. You’ll collect 20 points per every $1 spent and once you have collected enough points, you’ll be given a gift card. As an Express Next cardholder, you’ll also receive a birthday gift. Express Next Credit Card is very limited and Express doesn’t have a MasterCard version of its credit card like other stores. So, you can only use the card and its associated rewards at Express stores.

 

It also comes with a very high 28.49 percent variable APR. That means if you can’t pay your balance in full every month, you’ll be paying high interest rates.

 

If you frequently shop at Express and shop big, then the Express Next Credit Card could be right for you. You’ll surely save a few bucks from the rewards programs and exclusive discounts on the card when shopping at Express. However, if you usually struggle to pay off your balance in full on credit cards, it would be best to steer clear of this card. It’s also not the right card for you if you don’t frequently shop at Express stores as you won’t be able to accumulate enough points to be eligible for in-store credit.

 

Alternative Cards for You

If you don’t usually shop at Express stores, then Express Next Credit Card might not be right for you. Instead, you should consider other credit cards like the Chase Freedom Unlimited card that offers the best introductory zero-percent APR. Once you’re approved for this card, you’ll be given a limited time zero-percent introductory APR that applies to both balance transfers and purchases. There are also other perks associated with this credit card like the signup bonus points and no annual fee.

 

Our Last Thoughts on the Express Credit Card

In a nutshell, Express Next Credit Card is a good option for those who frequently shop at Express stores or shop big when they do shop at the store. Once you’ve earned enough points, you’ll be awarded in-store credit which can save you a few bucks. Not only that, but you also get access to exclusive offers and discounts as a cardholder which may allow you to save more money. However, if you aren’t an avid Express shopper, then you won’t get much value from the Express Next Credit Card. Instead, you should consider other credit cards that offer cash back and rewards that can be redeemed at different stores or the stores that you frequently shop from.

 

 

The 3 Best Alternative Credit Cards to Consider

Maybe you can do better than this credit card. If you have good credit, you should consider a few other options that will give you better benefits. The credit cards below are a few of our favorites, especially if you’re interested in traveling more. A few of these cards have signup bonuses that are big enough to redeem for multiple round trip flights. My wife and I used our Chase Sapphire Preferred signup bonus to book round trip flights for the both of us to Hawaii! It was well worth researching and getting the best credit card.

 

 Cash Back AlternativeCash Back AlternativeTravel Rewards Alternative
Chase Freedom
Chase Freedom Unlimited
Sapphire Preferred
Signup Bonus$150 (15,000 pts)$150 (15,000 pts)50,000
Bonus Spending Categories5X on select rotating quarterly categories1.5X on all purchases2X on travel and dining
Annual Fee$0$0$95 (waived year 1)
Extra PerksIntroductory APR offerIntroductory APR offerBaggage insurance, trip insurance, rental car insurance
Best for People Who...Want no annual fee

Also have a Sapphire card

Want to earn bonus points on spend
Want no annual fee

Also have a Sapphire card

Want simple 1.5 bonus
points on every purchase you make
Want a large introductory bonus

Want the annual fee waived year 1

Like to Travel
Learn More >>Learn More >>Learn More >>

 

Decision Time: Which Credit Card is Really the Best for You?

Here at Travel Freedom, we like to travel, which is why we always prefer travel credit cards for ourselves. You might be the same as us or maybe you’d rather use your points as cashback. Either way, all of these cards earn Ultimate Rewards that can be used for either travel or as cash back.

 

We think that any four of these cards are a better option than the above-reviewed credit card. They earn points that are both valuable and very versatile. You can redeem them for an assortment of things including our favorite, TRAVEL!

Chase Sapphire Preferred: The Best First Travel Credit Card

review chase sapphire preferred

Using credit cards is an important part of life for many people. When you are using your credit card, you want it to be as convenient as possible. Those who are traveling regularly on business or for pleasure will want their credit cards to offer them good perks. For this reason, travel credit cards have continued to increase in popularity over the years. One of the most popular and prevalent travel rewards credit cards is the Chase Sapphire Preferred Card.

 

It has been around for a long time and continues to offer customers robust and convenient perks. If you like to travel or if you need to travel regularly for your job, then it will pay to have a good credit card such as this in your wallet. You want to make sure that you are getting the very best travel credit card to suit your needs, though.

 

Take the time to read our review of the Chase Sapphire Preferred Card. It should give you all of the crucial information that you need to know. It will be a lot simpler to figure out just how good this card is and whether or not it is going to earn a place in your wallet. Every aspect of the card will be examined and you will have access to all of the important details.

 

The value of one credit card introductory bonus can be of enormous value. The Chase Sapphire Preferred offers a very nice signup bonus and good benefits. Credit card signup bonuses are the points or miles that a bank is willing to give you when you sign up for their credit card and meet an initial spending level that they designate. A typical credit card introductory bonus could be 50,000 points or miles for signing up for a particular credit card and spending $3000 on that card within the first 3 months of applying.

chase sapphire preferred credit card

 

The Best First Travel Credit Card

The card that I refer to people who are interested in earning travel points through credit cards is most often the Chase Sapphire Preferred card. It typically offers 50,000 Chase Ultimate Rewards points after spending $4,000 within the first three months of having the card. The offer changes occasionally in how many points are offered or how much the initial minimum spend is.

 

Whenever someone asks me what credit card is best to get first, I always ask them what they want to achieve with the points. Usually, the person asking has no idea, they just know that they want to travel more. In this situation, the Chase Sapphire Preferred card is one of the best offers around due to its versatility. It allows the customer to either spend their Chase Ultimate Rewards points directly with Chase or transfer to an array of airlines and hotels.

 

The transferring of the points will typically give a more valuable redemption. I’ll share a recent example of what the points from signing up for this one card, the Chase Sapphire Preferred, achieved for someone in real life. My sister-in-law and her husband recently took advantage of this offer to book all of the flights for their Hawaiian honeymoon!

 

First let’s go over the details of the Chase Sapphire Preferred.

 

Chase Sapphire Preferred

Chase Sapphire Preferred Credit Card

50,000 Points after spending $4000 in the first 3 months

  • Introductory Offer: You’ll earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
  • Earning Categories: You’ll earn 2 points on travel and dining at restaurants worldwide & 1 point per $1 spent on all other purchases.
  • Travel Point Transfer Partners: 1:1 point transfer to leading airline and hotel loyalty programs.
  • Extra Point Value: Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards.
  • Annual Fee: $95 (waived in year 1)

This is the best first travel credit card. Learn more about the Chase Sapphire Preferred and find out how to apply HERE.

 

Chase mentions that this signup bonus is worth $625 worth of travel. While that’s true if booked through the Chase travel portal, I’m going to show you that those points can be worth quite a bit more. How much more? You’ll see… it’s pretty crazy!

 

Features

This is a full-featured credit card that is going to work out great for most people. It has the potential to earn you travel rewards at a very good rate. Most of the appeal of this credit card is going to have to do with the reward structure. Even so, there are some other interesting features that you should take note of.

 

For instance, this card has the potential for a very big sign-up bonus. If you are able to spend a certain amount on your new credit card within the first three months, then you can earn a large number of points. This helps you to redeem rewards rather quickly and it is something that you can turn into real rewards fast. If a sign-up bonus is something that appeals to you, then you should know that this card has a good offer.

 

Another great feature of this card is just how flexible the redemption options are. It is possible to redeem your points in the form of cash back or as gift cards. You can also choose to redeem your points in the form of travel. When choosing to book through Chase, you will be able to save an extra 20% of your money, increasing the overall value of those points that you have been earning.

 

The travel options that you can make use of through Chase are all really good too. Chase has many different airline and hotel partners that will allow you to use your rewards points effectively. This should help you to get to where you want to go as easily as possible. If you want to have a great traveling experience while continuing to earn rewards, then using the Chase Sapphire Preferred Card is a fantastic idea.

 

It should also be noted that this card can link up with the Chase Freedom line of cards. Using different rewards cards in tandem can help you to really maximize your benefits. If you use the two credit cards intelligently, then it will be possible to earn extra rewards points during travel bonus category months. This is worth mentioning due to the overall popularity of the Chase Freedom cards so if you have one already, then it makes getting this card an even more attractive option.

chase sapphire preferred honeymoon

 

Benefits

As you might expect, this Chase Sapphire Preferred Card comes with many great benefits for you to enjoy. One of the most useful benefits is the purchase protection guarantee. You will be able to use this card while enjoying protections against certain problems. It has a $500 claim maximum per item and a limit of $50,000 worth of claims per account.

 

You will also be able to make use of trip delay insurance while using this card. The trip delay insurance will offer up to $500 per ticket. You will be able to use up to $10,000 in trip cancellation insurance too so you can keep yourself safe from potential travel problems. This card even protects your luggage with $100 per day baggage delay coverage and luggage reimbursement insurance of up to $3000 per person.

 

This card can also be used to help you out with your rental cars. You can use this credit card as primary insurance coverage for a rental car. This can keep your costs low and it will cover any issues with the car just as a normal primary insurance policy would. This is a very useful feature that is sure to help regular travelers out.

Fees

Prices and fees are always going to be big factors in deciding how good a credit card is. If you are going to be using a credit card regularly, then you do not want there to be fees that are not agreeable to you. There is an annual fee that is associated with this credit card. That may seem like bad news at first, but the first year’s fee is actually waived when you sign up.

 

After the first year, you are going to be paying $95 per year for the privilege of using this credit card. Overall, that is not too unreasonable. This falls in line with the fees that other credit card companies offer. It is a reasonable annual fee that should not come across as too much of a burden to you.

 

The APR on this credit card is not anything that is particularly good or bad. It is a fairly standard APR that should work out pretty nicely for you. This is a card that keeps its fees lows and keeps its interest rates in a good range. You should be able to appreciate the customer-friendly nature of this credit card.

 

Speaking of being customer-friendly, you will also be able to enjoy the perk of having no foreign transaction fees while using this card. This is an important feature for a travel credit card to have. If you plan on traveling abroad using this credit card, then you will not have to worry about being saddled with extra fees. It makes it easy to recommend this card for people who are going to be traveling outside of the country.

 

 

Rewards Program Info

This rewards program is going to be very helpful to people who travel all the time. You will be able to earn 2X reward points on all of your travel expenses. You will also be earning the 2X reward points on any of your dining expenses. This is going to help you to rack up the bonus points very quickly and redeeming the points for real rewards will always be easy.

 

One good thing to note is that these categories are actually quite broad. For instance, the dining category is going to earn you 2X points on purchases at restaurants. This is also going to earn you the points when eating at a fast food restaurant while on the road. Even some delivery services will count for the 2X points so you will be earning points on pretty much all of your dining while out on travel.

 

The same can be said for the travel options. Travel expenses will help you to rack up points quickly and this covers many categories. Of course, you will be earning 2X points on flights and hotels. This travel card is going to give you 2X points on various other travel expenses too.

 

If you need to hail a taxi and you pay with your credit card, then that is going to earn you the double points. Paying for parking lots, toll bridges, riding on a train, taking the bus, car rentals, and many other things will all earn you the increased points. This means that you will be earning a lot of points no matter how you decide to travel. You can even earn points on local travel expenses while you are close to home so it is a very convenient credit card to make use of.

chase sapphire preferred credit score

 

The Pros

  • Points easy to earn
  • Many redemption options for your points
  • No foreign transaction fees
  • Good benefits

 

This credit card really does make it easy for you to earn points. If you want to be able to earn travel rewards regularly, then you will have many chances to do so. This card gives you the double points on so many things that are associated with travel and dining. If you use this card often enough, then you are going to reap the rewards as a regular traveler.

 

Redeeming the points is very intuitive overall too. Whether you are looking for simple cash-back options or you want to redeem gift cards, you will have options available to you. You can use the card in tandem with a Chase Freedom card to really open up your options for maximizing your rewards. Redeeming your rewards for travel will net you an extra 20% when booking through Chase, making it easy to book your next trip.

 

You won’t even have to worry about foreign transaction fees if you are planning on traveling outside of the country. Being able to make use of the card to travel abroad is a nice feature. It makes it a practical option for many people and it might be the only travel credit card you will ever need. Simply being able to avoid the high foreign transaction fees of some other cards will save you a lot of money.

 

The benefits of this card are substantial as well. You can enjoy purchase protections and trip cancellation insurance. Using this card will even protect you in the event that your luggage is lost on a flight. It is a very convenient card for any traveler so applying for it is certainly a good idea if you are regularly on the go.

 

The Cons

  • Annual fee
  • Rewards that work best for people who spend a lot on travel expenses

 

The annual fee that is associated with this credit card is not too bad but it is something that you should consider. Having to pay an annual fee will mean that you will want to get enough out of this card to justify it. This makes it so that you have to earn a certain amount of rewards per year to make it feel as if you are not wasting money. Depending on how often you travel, this may or may not be possible for you.

 

People who do not regularly travel will not be able to take advantage of this card as readily. It may not wind up coming in handy as much if you only travel once or twice a year. This is something that is more geared towards business people and people who travel regularly for recreational purposes. Think about how often you will be using this card before applying for it.

chase sapphire preferred benefits

 

Credit Score Needed for Approval

As with many good credit cards in this range, you will need to have a good credit score in order to be approved for this card. A credit score of 690 or above is recommended for you to take advantage of this card. If you fall in the lower credit score ranges, then the likelihood of getting approved is lower. Those with excellent scores will have no problem getting approved for this card so take the time to check your scores before applying.

 

Meeting the Minimum Spend for the Chase Sapphire Preferred

After applying for the card you’ll need to meet the initial minimum spend so that your bonus points will be released into your account. When Amber and Sean received their Sapphire Preferred, they had their regular spending, plus some of their wedding expenses that needed to be paid. This allowed them to easily meet the initial minimum spend.

 

If you already spend $4,000 per three months, great! You’ll meet your spend just with that.

 

If you don’t typically spend that much, you can get extra spending in a variety of creative ways. A few of these ways to get extra spending are by saving up large purchases that you have been planning on, or Christmas gift shopping ahead of time. There are many ways to meet minimum spending requirements to earn your bonus. A good reference for meeting minimum spending limits can be found on the Frequent Miler blog.

 

How Many Points were Earned with the Chase Sapphire Preferred?

Using their wedding expenses and regular spend, Amber and Sean spent about $9,000 in the initial three months of having the Chase Sapphire Preferred. It earned them the following points:

  • 50,000 pts – introductory bonus
  • 9,000 pts – regular spend points
  • 5,000 pts – authorized user bonus points (this offer is no longer available)

Total = 64,000 Chase Ultimate Rewards points

 

Where to travel using your Chase Ultimate Rewards

Amber and Sean decided that they wanted to travel to the beautiful islands of Hawaii for their honeymoon! They’ve been to Oahu already, so wanted to experience something new… (Or some things)! They ended up finding flights that were available through Alaska Airlines and Hawaiian Airlines to travel from San Francisco to Kauai, then to Maui, and back home to San Francisco.

 

Here’s a look at their flights and how many points and dollars it took them to book.

 


  1. OAK to LIH = 25,000 miles + $11.20 taxes/fees (booked using British Airways miles)
  2. LIH to OGG = 14,000 miles + $11.20 taxes/fees (booked using United Airways miles)
  3. OGG to SFO = 25,000 miles + $11.20 taxes/fees (booked using British Airways miles)

They had just enough Chase Ultimate Rewards to cover all their flights.

 

The total amount of money that they saved on these flights was a combined: $1,345.40 SAVED! (I’d call that a win)


 

Overall, this was a great travel rewards redemption, which got excellent value out of their points. Their flights to and from Hawaii ended up with a value of 2.3 cents per point, and their inter-island flight earned a value of 1.4 cents per point. That comes out to a total of 2.1 cents per point. 64,000 points spent and $1,345.40 saved.

 

Understanding the Value of Just One Credit Card Signup Bonus

This is just one example of how a single credit card signup bonus can make an enormous impact on the price of travel. Earning points through travel credit cards can give you extraordinary value. Amber and Sean ended up saving over $1,300 dollars on their honeymoon, which is pretty incredible. I’d say that’s quite a bit better than the $625 value that Chase puts on the introductory bonus!

 

Who is the Chase Sapphire Preferred Card for?

This credit card is specifically targeted towards people who travel regularly. If you travel on business many times a year, then this is going to be a card that will work out well for you. It will allow you to earn rewards consistently and you can use it to help lower your overall travel expenses. If you do not travel often enough, then this card will not work out as well for you.

 

Even people who travel regularly for recreation have a great time with this credit card. If you are often booking hotels or flying to different locations, then this is going to be a perfect credit card to keep in your wallet. It helps you to earn rewards points and you will be able to redeem those points in a variety of different ways. This is a very useful card for people who travel so you will want to travel often enough to justify the annual fee.

 

This is also going to be a great card for people who travel for a number of different purposes. You can earn rewards points on travel and dining in a number of ways. This is not limited to air travel and hotels as some other travel rewards cards are. Being able to earn the 2X points on bus travel, train travel, fast food dining, and other expenses will be helpful. It just might be the best travel card when you consider how easy it is to earn those points.

chase sapphire preferred features

 

An Alternative to Consider

One alternative credit card to keep in mind is the Bank of America travel rewards credit card. It is able to offer you similar benefits to the Chase Sapphire Preferred credit card but it does not have an annual fee. If the annual fee is something that is holding you back from wanting to pursue the Chase Sapphire Preferred Card, then this one might be one to look into. It is able to give you 1.5X points for every dollar spent and is a good travel credit card overall.

 

Being that the Chase Sapphire Preferred Card is able to offer you 2X points, it is likely going to be the better choice for regular travelers. Just take the time to examine your options and you will be able to determine which is best. Those who travel all of the time will be able to enjoy the robust rewards options that Chase has to offer. The Bank of America Travel Rewards credit card is another good option but it may lack in some areas where the Chase card shines.

 

Compare All of the Chase Ultimate Rewards Personal Cards

 Sapphire Preferred
Sapphire Reserve
Chase Freedom
Freedom Unlimited
Signup Bonus50,00050,000$150 (15,000 pts)$150 (15,000 pts)
Bonus Spending Categories2X on travel and dining3X on travel and dining5X on select rotating quarterly categories1.5X on all purchases
Annual Fee$95 (waived year 1)$450$0$0
Extra PerksBaggage insurance, trip insurance, rental car insurance$300 annual travel credit, TSA PreCheck or Global Entry, Priority Pass SelectIntroductory APR offerPurchase protection, extended warranty
Best for People Who...Want a large introductory bonus

Want the annual fee waived year 1

Like to Travel
Want a large introductory bonus

Want luxury travel benefits

Travel often
Want no annual fee

Also have a Sapphire card

Want to earn bonus points on spend
Want no annual fee

Also have a Sapphire card

Want simplicity in earning points
Learn More >>Learn More >>Learn More >>Learn More >>

 

Decision Time: Is the Chase Sapphire Preferred the Travel Card You Need?

The Chase Sapphire Preferred Card is a fantastic travel credit card that has many perks. The annual fee is not unreasonable and you won’t have to deal with any foreign transaction fees when using this card. It is a practical travel credit card that will work great for anyone who travels often enough to warrant applying for it. This can help you to earn rewards quickly and you will always be able to redeem your rewards in a variety of different ways.

 

This is seen as one of the premier travel credit cards for a reason. All of the perks that this credit card offers are top-notch and your overall experience should be stellar. If you have been waiting for the right travel credit card to come along, then you may wish to apply for this one. It has a great reputation and has been making customers happy for many years.

 

Chase Sapphire Preferred: 50,000 point signup bonus

Chase Sapphire Preferred Credit Card
  • Earns Ultimate Rewards – the most valuable points around
  • Ultimate Rewards can be transferred to airlines or hotels
  • Book travel through the Chase travel portal at 1.25 cents per point
  • Earns 2X on travel and dining