In today's fast-paced, digital world, many millennials are constantly looking for ways to travel smarter and save money. This is where credit cards with rewards, such as travel miles, come into play. They can be an effective way to get the most value out of your everyday spending. But, with so many options available, it can be confusing to figure out which card is best for you. In this article, we will explore the best credit cards for miles with no annual fee – a must-have for anyone looking to get more out of their wallet and experience the world without breaking the bank.
Best Credit Cards For Miles With No Annual Fee Table of Contents
2. Capital One VentureOne Rewards Credit Card
1. Discover it® Miles
With the Discover it® Miles card, you can earn unlimited 1.5 miles for every dollar spent on purchases. This card also offers a unique sign-up bonus – Discover will match all the miles you’ve earned during the first year of using the card, effectively doubling your rewards. Plus, the miles you earn can be redeemed for statement credits to cover travel expenses or even cash back.
- No annual fee
- Unlimited 1.5x miles on all purchases
- Miles never expire
- 0% intro APR on purchases for 12 months
2. Capital One VentureOne Rewards Credit Card
The Capital One VentureOne Rewards Credit Card offers unlimited 1.25 miles per dollar on every purchase. Additionally, this card features a sign-up bonus of 20,000 miles after spending $500 on purchases within the first three months. With no annual fee and no foreign transaction fees, this card is ideal for those who love to travel on a budget.
- No annual fee
- Unlimited 1.25x miles on all purchases
- 20,000 miles sign-up bonus
- No foreign transaction fees
3. American Express Blue Delta SkyMiles® Credit Card
If you're a frequent Delta flyer, the American Express Blue Delta SkyMiles® Credit Card is the perfect no-annual-fee option. Earn 2x miles per dollar spent on Delta purchases and 1x mile on all other purchases. Cardholders can also benefit from a sign-up bonus of 10,000 miles after spending $500 in purchases within the first three months.
- No annual fee
- 2x miles on Delta purchases
- 10,000 miles sign-up bonus
4. Bank of America® Travel Rewards Credit Card
The Bank of America® Travel Rewards Credit Card offers unlimited 1.5 points for every dollar spent on purchases. Plus, if you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on your purchases. The card also offers a sign-up bonus of 25,000 points – equivalent to $250 in travel statement credits – after spending $1,000 on purchases within the first 90 days.
- No annual fee
- Unlimited 1.5x points on all purchases
- 25,000 points sign-up bonus
- 0% intro APR on purchases for 12 months
Best Credit Cards For Miles With No Annual Fee Example:
Imagine a millennial, let's call her Sarah, who loves traveling but wants to save money on her adventures. Sarah opens a Capital One VentureOne Rewards Credit Card and starts using it for her everyday purchases. Over the next few months, she spends $500 and earns a 20,000 miles sign-up bonus. In addition, she earns 1.25 miles per dollar on all her purchases, totaling 625 miles for the first $500 spent.
Sarah now has 20,625 miles, which she can redeem for statement credits to cover her travel expenses. She books a $200 flight and covers the entire cost with her miles (1 mile is worth 1 cent). With her no annual fee credit card, not only has Sarah earned a free flight, she also enjoys the added benefits of having a credit card with no foreign transaction fees for her international getaways.
In a world with countless credit card options, choosing the right one can be a daunting task. However, by focusing on no-annual-fee cards that reward travel miles, you can easily convert your everyday purchases into free trips and adventures around the globe. By reviewing the best credit cards for miles with no annual fee, you can make an informed decision and find the perfect card to suit your needs. So, start earning those miles today and prepare for your next vacation, completely on your card's dime!
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