You can get up to $1,000 in free travel, according to a WalletHub analysis.
If you’re in the market for a new credit card, you’re in luck—the value of initial rewards bonuses when you sign up is at a record-high level, according to WalletHub. So if you have good credit and want to take advantage of these new bonuses, now could be a great time. With some cards, you can get up to $1,000 in free travel if you sign up and spend a certain amount of money in the first few months—and if you’re already planning to spend a good chunk of change on gifts, travel, hosting, and more this holiday season, it could be a great way to get your money to work for you.
WalletHub did the homework and looked at 1,000 credit card offers to find the best rewards, depending on what consumers are looking for, including “Best Initial Bonus,” “Best All-Around Card,” “Best Airline Rewards,” “Best Hotel Rewards,” and more.
Take a look at some of their “Best of” rankings below and go to wallethub.com for more suggestions and some money-saving travel tips.
Best Initial Bonus: Chase Sapphire Reserve
If you spend $4,000 in the first three months, you can get $1,500 in travel; $300 annual travel credit; 3 points per $1 spent on airfare, hotels, and restaurants; and 1 point per $1 spent on everything else.
Annual Fee: $450
Best All-Around Travel Rewards: Barclaycard Arrival Plus
If you spend $3,000 in the first three months, you can get a $525 travel statement credit; 2.1% on all purchases when you redeem for travel
Annual Fee: Waived for the first year; $89 after that
Best Airline Rewards: Frontier Airlines Credit Card
If you spend $500 in the first 90 days, you get two round-trip domestic tickets; 2 miles per $1 spent on flyfrontier.com and 1 point per $1 spent on everything else
Annual Fee: $69
Best Hotel Rewards: Club Carlson Premier Rewards Visa Signature Card
After first purchase, you can get 50,000 bonus points; if you spend $2,500 within first 80 days, you get 30,000 points (redeemable for up to 9 free nights at subsidiaries like Radisson, Park Plaza, and Country Inn & Suites); 40,000 bonus points on account anniversary (up to 4 free nights)
Annual Fee: $75
Road-Trip Rewards: PenFed Platinum Rewards Visa Signature Credit Card
If you spend $1,500 in the first 90 days, you can get a $100 statement credit; 5 points per $1 spent on gas; 3 points per $1 spent on supermarket purchases; and 1 point per $1 on everything else
Annual Fee: none