Not exact matches
Among premium travel cards, check
out Chase Sapphire Reserve ($ 450 annual fee), with an initial
bonus of 50,000 points (worth $ 750 in travel bookings through Chase) if you spend $ 4,000 in the first three months, and American Express's Platinum card ($ 550 annual fee), which offers 60,000 points (worth $ 600 in certain travel
redemptions) if you spend $ 5,000 in the first three months.
Bank
of America's Cash Rewards ™ Credit Card offers solid cash back rates, but nothing else really makes the card stand
out aside from the 10 % cash back
redemption bonus.
Bottom Line: Despite not having a welcome
bonus and having a very limited
redemption window, we believe the new Citi Costco credit card is still highly valuable --- especially on purchases
of gas, travel, and dining
out.
After assuming you max
out all signup
bonuses and other
redemption rewards, and taking into account any annual fees, we calculated that the 2 - year total value
of each card is:
While it's possible to maximize value further and take advantage
of the 10 %
Redemption Bonus right away by booking flights and splitting hotel nights into separate bookings over the course of a few days, we'd keep things simple in this case by recommending Tiffany's husband apply his bonus toward the taxes and fees on the Alaska award bookings, wiping out these costs entirely, and having Tiffany apply her bonus toward the total hotel booking at Hotels
Bonus right away by booking flights and splitting hotel nights into separate bookings over the course
of a few days, we'd keep things simple in this case by recommending Tiffany's husband apply his
bonus toward the taxes and fees on the Alaska award bookings, wiping out these costs entirely, and having Tiffany apply her bonus toward the total hotel booking at Hotels
bonus toward the taxes and fees on the Alaska award bookings, wiping
out these costs entirely, and having Tiffany apply her
bonus toward the total hotel booking at Hotels
bonus toward the total hotel booking at Hotels.com.
In the crowded luxury card space, as issuers push benefits and sign - up
bonuses to the extreme to try to lure in wealthy cardholders, the new luxury card that Bank
of America has been touting for months has emerged — and it turns
out to be more
of a mid-level travel card with simplified
redemption options, more appropriate for casual rewards card users.
Thanks to the card's 10 % travel
redemption bonus, if Mike applies the 37,300 miles needed to wipe
out the $ 373
of taxes and fees in their entirety, he'd immediately receive a rebate
of 3,730 miles good toward other travel expenses in the future.
And finally, if you're moving heaven and earth to earn as many Hilton Honors points as possible for a big upcoming aspirational
redemption, then earning a bunch
of them through unbonused spend may offer an advantage over grinding
out bonused spend on a Hilton Honors Surpass American Express.
With the
bonus, this
redemption is
out -
of - this - worldish (in full compliance with the title
of this piece)!
Summary: IF you look for deals, you plan on travelling and will be using the card to book flights and are smart about how you plan
out your miles
redemption (i.e. you take advantage
of special mile offers, both in ticket
redemption AND for
bonuses when you book with your card), miles credit cards can offer you the best return.
Other
bonuses added today that are worth checking
out are the AirAsia Rocketmiles
bonuses, British Airway's Double Avios on flights
out of the UK and Gulf Air's 50 % off award ticket
redemptions.
When combined with no annual fee and a decent sign - up
bonus, the card offers savvy cardholders the opportunity to squeeze some extra value
out of their rewards by making smart
redemption choices.