Are you planning your next dream vacation but worried about covering the costs? Travel credit cards can offer incredible benefits, rewards, and savings, but what if you have average credit? Don't worry - we've got you covered. In this comprehensive guide, we'll break down the best travel credit cards for average credit and how to maximize their value for your next adventure.
Travel Credit Cards For Average Credit Table of Contents
The Best Travel Credit Cards for Average Credit
While excellent credit scores open doors to the highest rewards and elite perks, there is still a range of excellent travel credit cards available to those with average credit. Let's dive into the top options:
1. Capital One VentureOne Rewards Credit Card
Capital One VentureOne is a fantastic option for those with average credit looking to earn travel rewards. There's no annual fee, and you'll get a sign-up bonus of 20,000 miles after spending $500 in the first three months. Plus, you'll earn 1.25x miles on every purchase.
2. Discover it Miles Credit Card
The Discover it Miles card offers a unique rewards structure, where you'll earn 1.5x miles on all purchases. Plus, at the end of your first year, Discover will match all the miles you've earned—in essence, giving you 3x miles on all purchases during that period. There's no annual fee, and it's available to those with average credit.
3. Capital One QuicksilverOne Cash Rewards Credit Card
While not specifically a travel card, the QuicksilverOne offers a flat 1.5% cashback on all purchases, which can easily be redeemed for travel expenses. The biggest downside for those with average credit is the card's annual fee of $39. However, the rewards can quickly offset the cost.
Maximizing Value from Travel Credit Cards
When using a travel credit card with average credit, follow these tips to make the most of your rewards:
1. Use your card for everyday purchases
To maximize the miles or points you earn, use your travel credit card on everyday purchases like groceries, gas, and dining out. Remember to pay off the balance in full each month to avoid interest charges and maintain your credit score.
2. Look for bonus categories and promotions
Some cards offer bonus rewards in specific categories or during limited-time promotions. Track these opportunities and plan your spending accordingly to maximize your rewards.
3. Combine rewards with travel deals
Search for flights, hotels, and other travel deals to stretch your rewards even further. By searching for sales and promotions, you'll get more value for each mile or point.
Travel Credit Cards For Average Credit Example:
Imagine you've saved up 50,000 miles on your Capital One VentureOne Rewards Credit Card. You discover a fantastic round-trip flight deal to Europe for $500, which you can then book entirely with your miles (as they're valued at 1 cent each).
To save even more, you can take advantage of hotel promotions and sales and use your miles to cover these expenses too. By doing this, you've successfully taken a trip to Europe using your travel rewards from a credit card designed for those with average credit!
Now that you know the top travel credit cards for average credit and how to maximize their rewards, your dream vacation is within reach! So, start exploring your options, apply for the best card for you, and hit the skies like a pro. Don't forget to share this guide with your fellow travelers, and be sure to explore the other fantastic personal finance and investing tips on Flik Eco.