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A majority of states in the US currently have “Stay Home, Stay Safe” directives in place into May 2020. However, it is not too early to begin earning miles and points from credit cards for travel after we have flattened the curve with the COVID-19.
We have hand-picked 5 (five) current offers for travel credit cards that have incredible welcome bonuses, without hurting your wallet during these difficult times.
Credit Card Criteria
Each credit card recommended in this post:
- Offers exceptional rewards value in either frequent flier miles, hotel points, or cash back offers
- Offers the ability to perform a balance transfer, with no more than a 5% balance transfer fee
- Has an annual fee of under $100 (or even $0!)
Recommended Credit Cards for Travel
- Chase British Airways Visa Signature Card
- Chase IHG Rewards Club Premier Card
- American Express Hilton Honors Surpass Card
- Citi AAdvantage Platinum Select World Elite MasterCard
- Chase Freedom Card
Chase British Airways Visa Signature Card
The Chase British Airways Visa Signature Card offers up to 100,000 British Airways Avios.
You can earn 50,000 British Airways Avios after spending $3,000 on eligible purchases within the first 3 (three) months of opening this credit card. An additional 50,000 Avios can be earned for spending $20,000 on the card in the first year of being a card member.
While your mileage may vary (no pun intended), you may not be able to receive this credit card welcome if you have received five (5) or more personal credit cards in the past 24 months. This general rule, referred to as the “Chase 5/24 Rule“, applies to credit cards issued by any bank which may appear on your credit report.
The British Airways Visa Signature credit card earns up to 3 British Airways Avios (points) per dollar spent:
- 3 Avios for every $1 spent on purchases with British Airways, Aer Lingus, and Iberia.
- 2 Avios for every $1 spent on hotel accommodations booked directly with the hotel.
- 1 Avios for every $1 spent on all other purchases.
There are no foreign transaction fees, making this a great card to use when traveling overseas.
The British Airways Visa Signature card does have a $95 annual fee.
British Airways Avios can be used to book flights on British Airways flights, as well as Iberia and Aer Lingus which are owned by the same management as British Airways.
Also, Avios can be used for flights on oneworld Alliance member airlines such as American, Cathay Pacific, and Qantas; as well as a few other partner airlines including Alaska Airlines and airBaltic.
You can book Avios reward flights here. You do need to register for a British Airways Executive Club account before searching for Avios award flights.
Let’s assume that the situation with SARS-Cov-2 has improved by the end of the year, and we would like to visit Cancun. Using the booking site for Avios award flights, we can see that award flights in Business Class from New York (JFK) to Cancun (CUN) are available for 38,500 Avios plus $36.22 in taxes and fees, per passenger:
It should be noted that Avios award tickets are distance-based, so the number of miles required to book an award flight depends on the distance of each flight. Furthermore, when multiple flights are booked as part of an award ticket, the cumulative cost in miles to book the award ticket, is the sum of the total miles required for each of the individual flights.
While British Airways does not publish its own award chart for flights, Flyertalk member KARFA has posted an award chart on this Flyertalk thread, if you are interested.
The subject of how to use British Airways Avios is another subject for another post, but for now it is worth mentioning that since Avios awards are priced based on the distance of each individual flight, direct flights from Dallas and also from Miami would cost fewer Avios.
Dallas (DFW) to Cancun (CUN) nonstop can be booked on the same date in Business Class for just 16,500 Avios plus $36.22 in taxes and fees, per passenger.
And Miami (MIA) to Cancun (CUN) nonstop on this same date can be booked in Business Class for a mere 15,000 Avios plus $38.22 in taxes and fees:
In summary, the Chase British Airways Visa Signature credit card has no foreign transaction fees and can be very useful travel on short-distance award flights.
Chase IHG Rewards Club Premier Card
The Chase IHG Rewards Club Premier Card offers a HUGE welcome bonus of 140,000 IHG Rewards points.
By signing up for the IHG Rewards Club Premier Card and spending $3,000 in the first 3 (three) months of opening the credit card account, you can earn 140,000 IHG Rewards points.
In addition, each year you are able to spend $20,000 on purchases and make one additional purchase after that, you can receive an additional 10,000 IHG Rewards Points.
As with other Chase cards including the British Airways Visa Signature Card above, the same Chase 5/24 Rule restrictions apply to the IHG Rewards Club Premier credit card.
IHG Platinum Elite Status Benefits
Benefits of IHG Platinum Elite status include room upgrades, extended check-out (subject to availability), complimentary internet, “Raid the Bar” or “Raid the Mini Bar” credit, and a welcome amenity.
Extra Reward Night Benefits
The IHG Rewards Club Premier card includes two sorts of reward night benefits.
After each year of being a card holder, you will receive an Anniversary Night award, valid for a free night at IHG Hotels with award nights available for 40,000 IHG Rewards points or less.
In addition, when IHG Rewards Club Premier card holders book a stay of four (4) or more nights, the 4th night is free. With this benefit, card holders using IHG Rewards points will be charged the Reward Night point redemption rate for the for the first three (3) nights, and zero (0) points for the 4th night.
In addition to IHG Platinum status and bonus reward nights, the card earns up to 25 IHG Rewards points per dollar spent:
- 25 points per dollar spent at IHG Hotels and Resorts
- 2 points per dollar at gas stations, grocery stores, and restaurants
- 1 point per dollar spent on all other purchases
IHG Rewards Club Premier card members can receive a credit of up to $100 towards applications for either Global Entry (expedited customs for international flights) or TSA Pre-Check (expedited airport security). Once air travel returns to pre-COVID-19 levels, either benefit could save you time at the airport. This fee credit is available once every four (4) years.
This is a one of the best credit cards for travel overseas, as there are no foreign transaction fees.
The Chase IHG Rewards Club Premier credit card has an $89 annual fee.
IHG Rewards Club is the rewards program for IHG Hotels & Resorts, including Kimpton, InterContinental, Crowne Plaza, Candlewood Suites and Holiday Inn/Holiday Inn Express:
Example IHG Rewards Club Booking
You can search for and book IHG Rewards Club reward nights here.
Hotels, especially in resort destinations, can be expensive over New Years. The nightly rate at the InterContinental Presidente Cancun Resort for example, is ~$380 for December 30, 2020 – January 4, 2021.
Including resort fees and taxes, the final bill for this stay would over $2,300!
However, Award nights at the InterContinental Hotels Presidente Cancun Resort can be booked for 35,000 IHG Rewards points, per night. And because, the 4th night is free, the total cost in points is 140,000 (35,000 points/night x 4 nights).
This is an incredible example of how far IHG Rewards points earned from the IHG Rewards Club Premier card can go.
In summary, the Chase IHG Rewards Club Premier Card is a fantastic credit card for travel after being quarantined. In addition, the card comes with IHG Platinum Elite status and can be used to save thousands of dollars on hotel stays.
American Express Hilton Honors Surpass Card
The American Express Hilton Honors Surpass Card offers a fantastic welcome bonus of 130,000 Hilton Honors bonus points.
You can earn 130,000 Hilton Honors bonus points if you are approved for the Hilton Honors Surpass Card, and spend $2,000 on purchases in the first three (3) months of being a card member.
The American Express Hilton Honors Surpass Card comes with complimentary Hilton Honors Gold status.
Hilton Honors Status
Benefits of Hilton Honors Gold Status (outlined by the yellow box above) include an 80% bonus on points earned each stay, room upgrades (up to executive level rooms, pending availability), and free continental breakfast. And to help your points go farther, your fifth night is free on reward stays.
Furthermore, you can even earn Hilton Honors Diamond status (outlined in the purple box above) through the next calendar year by spending $40,000 in eligible purchases on your Honors Surpass Card. Honors Diamond status benefits include a 100% bonus on points earned during each stay, guaranteed executive lounge access (where available), premium wi-fi, and space-available room upgrades (up to a 1-bedroom suite).
Hilton Gold and Diamond benefits vary from hotel to hotel.
Free Weekend Night Reward
Each year that Hilton Honors Surpass card members spend $15,000 on the card in eligible purchases, they will receive a Free Weekend Night reward from Hilton Honors.
The Free Weekend Night Reward can be redeemed for one weekend night standard accommodation at eligible Hilton properties. Keep in mind, there are some Hilton properties that are excluded from the Free Weekend Reward Night.
Earning Hilton Honors Points
The Hilton Honors Surpass Card earns up to 12 Hilton Honors bonus points per dollar spent:
- 12 Honors bonus points per dollar spent at Hilton Hotels & Resorts
- 6 Honors bonus points per dollar spent at U.S. restaurants, supermarkets, and gas stations
- 3 Honors bonus points per dollar spent on all other eligible purchases.
The Hilton Honors Surpass credit card has a lot of great perks for travel after COVID-19, even when not staying at a Hilton Hotel.
In addition, the Surpass Card comes with fraud protection, car rental loss and damage insurance; as well as a 24/7 Global Assist Hotline to provide medical, legal, and financial or other services. This hotline, which is available if you are traveling 100+ miles from home, can assist with medical emergencies, passport replacement, and missing luggage.
Priority Pass Select Membership
The Honors Surpass card also includes complimentary Priority Pass Select membership, providing access to over 1300 airport lounges around the world. Furthermore, there are even a number of airport restaurants where Priority Pass members may receive a credit towards their final bill.
With this benefit, Honors Surpass card members may receive up to 10 free airport lounge visits each year, once enrolled.
Just like the British Airways and IHG Rewards Club Premier cards the Honors Surpass Card also has no foreign transaction fees.
The Hilton Honors Surpass Card has an annual fee of $95.
Hilton Honors is the loyalty program for Hilton Hotels which includes Hilton Hotels & Resorts, Conrad Hotels & Resorts, DoubleTree, Embassy Suites, and Homewood Suites.
Example Hilton Hotels Booking
You can book Hilton Hotel reward nights here.
If we search for Hilton Hotels in the Cancun area for our post-Coronavirus trip early next year, we can see that we have more than enough Hilton points to book two (2) nights in a Junior Suite at Hilton’s (Curio) Fives Downtown Hotel & Residences. This stay would cost 54,000 Hilton points per night, for a total of 108,000 Hilton Honors points:
The American Express Hilton Honors Surpass credit card has a lot of great travel benefits. This is a great card to use at Hilton Hotels, with the Hilton Gold and potentially Diamond status, and provides good value in the ability to earn and redeem reward stays.
In addition to the ability to perform balance transfers, the Global Assist Hotline benefit can be invaluable when traveling, and Priority Pass membership can upgrade your experience while waiting at an airport.
Citi AAdvantage Platinum Select World Elite MasterCard
The Citi AAdvantage Platinum Select World Elite MasterCard offers a welcome bonus of 50,000 American Airlines AAdvantage bonus miles.
You can earn up to 50,000 American Airlines AAdvantage miles if you are approved for the card and spend $2,500 on purchases on the card in the first three (3) months after opening the account.
American Airlines Benefits
The Citi AAdvantage Platinum Select Card comes with benefits to improve your experience when flying American Airlines.
For starters, you can get a free checked bag when flying American Airlines on domestic itineraries, for you and up to four (4) companions.
You will have access to Preferred Boarding, after Priority Boarding is completed, but before the rest of economy boards.
Onboard, you can receive a 25% savings on eligible food and beverage purchases made with your Citi AAdvantage Platinum Select card.
In addition, card members can receive a $125 American Airlines Flight Discount Certificate after spending $20,000 or more on your Platinum Select World Elite MasterCard each year.
Earning American AAdvantage Miles
The Platinum Select World Elite MasterCard earns up to 2 AAdvantage miles for every $1 spent on eligible purchases:
- 2 AAdvantage miles for every $1 spent on American flight purchases
- 2 AAdvantage miles for every $1 spent at restaurants
- 2 AAdvantage miles for every $1 spent at gas stations
- 1 AAdvantage mile for every $1 spent on other purchases
The credit card is also great for international travel, as it has no foreign transaction fees.
The Citi AAdvantage Platinum Select Card comes with a $99 annual fee, but it is waived for the first 12 months of being a card member.
Using American Airlines AAdvantage Miles
American Airlines AAdvantage miles can be used to book flights on American and American Eagle flights, as well as oneworld Alliance member airlines including British Airways, Cathay Pacific, and Qantas.
Searching for American Award Seats
You can search for and book AAdvantage Award flights directly from the American Airlines homepage.
Let’s say that we would like to return to New York on January 6, following the award stays at the InterContinental Presidente and Fives Downtown. If we search American’s website, we see that award flights are available:
The cost for this itinerary would only be 20,000 American miles plus $56.50 in taxes and fees, per passenger:
American Airlines has a zone-based award chart wherein the miles required for an award chart are determined by where you are traveling to and from.
In addition, American Airlines occasionally offers Web Special fares for fewer miles. So while an award ticket from Cancun to New York-JFK would typically cost 25,000 miles each in Business Class, the award ticket we found is being offered at a discount for 20,000 miles each since it is a Web Special fare.
The Citi AAdvantage Platinum Select World Elite MasterCard credit card provides great benefits for travel on American Airlines after COVID-19, including Preferred Boarding, a Free Checked bag, and the opportunity to receive a $125 flight discount each year.
This is a great low-fee credit with a waived annual fee for the first year, and the ability to perform balance transfers.
Chase Freedom Card
The Chase Freedom Card has a welcome bonus of $200 cash back, or 20,000 Chase Ultimate Rewards points.
The Chase Freedom credit card allows you to earn $200 cash back or 20,000 Ultimate Rewards points, after spending $500 on eligible purchases within the first 3 (three) months from account opening.
The same Chase 5/24 restrictions that apply to the Chase British Airways Visa Signature and Chase IHG Rewards Club Premier Cards apply to the Chase Freedom Card.
After spending $500 on your credit card in eligible purchases, you will receive 20,000 Chase Ultimate Rewards bonus points, which can be redeemed for cash back, used in the Chase Ultimate Rewards Travel Portal, or transferred to travel partners.
Earn up to 5% Cash Back
The Chase Freedom Card allows you to earn up to 5% cash back on purchases of up to $1,500 each quarter in revolving categories.
As shown above, the bonus for the current quarter (April – June 2020) are for spending on grocery stores (excluding Target and Walmart purchases), as well as fitness club and gym memberships. Maybe it is a good time to purchase your toilet paper stockade at a grocery store… that is, if you can find it!
In addition, through the Chase’s partnership with Lyft, Chase Freedom card members may earn 5% cash back on Lyft rides through March 22.
And while the 5% Cash Back bonus categories for the rest of the year have not been announced, it is possible to speculate on what they might be.
Based on NerdWallet’s list of Chase Freedom Bonus Categories for 2018 and 2019, potential bonus categories for 2020 include gas stations (once more), department stores, payment services such as Pay Pal, Chase Pay, Apple Pay or Samsung Pay; drug stores, and wholesale clubs such as Costco and Sam’s Club.
Cash back earned on everyday spend for items that are not quarterly bonus categories or Lyft rides earn 1% cash back.
Redeeming Ultimate Rewards Points for Cash Back
The welcome bonus is provided in the form of 20,000 Chase Ultimate Rewards bonus points, which can be redeemed for cash back via the Chase Ultimate Rewards Portal (sign-in required). When doing so you have the opportunity to either redeem the cash back reward for a credit card statement credit, or have the cash back deposited in your bank account.
Redeeming Ultimate Rewards Points for Purchases
You can also redeem Chase Ultimate Rewards points in the Ultimate Rewards Portal for purchases with Amazon, Apple, and gift cards for hundreds of retailers and restaurants (sign-in required). While you can get 0.8 cents for each Ultimate Reward point redeemed for purchases with Amazon, you can get 1 cent per point for purchases with Apple and for gift cards.
Redeeming Ultimate Rewards Points for Travel
In addition, the Chase Ultimate Rewards Travel Portal allows you to redeem the points from Chase credit cards directly for flights, hotels, rental, cars, cruises and experiences such as tours and museums. When travel is booked with points through the Ultimate Rewards Travel portal you can receive up to 1.25 cents of value for each point.
You can also transfer Ultimate Rewards points to a number of hotel and airline partners, all at a 1:1 transfer ratio.
Airline transfer partners include British Airways, Emirates, Singapore Airlines, and United:
The hotel transfer partners are IHG Rewards Club, Marriott Bonvoy, and World of Hyatt:
Finally, the Chase Freedom Card comes with partner benefits for DoorDash.
A complimentary 3-month subscription to DashPass is included. Dash Pass is DoorDash’s subscription service, which provides an unlimited $0 delivery fee on DoorDash orders of $12 or more.
The Chase Freedom card has no annual fee, making it a great credit card to keep in your wallet to earn cash back and travel rewards.
The card has an introductory APR rate of 0% on purchases within the first 15 months of having the card.
Also, the Chase Freedom Card has a balance transfer APR of 0% for the first 15 months.
As previously mentioned, the rewards earned from the Chase Freedom welcome bonus can be used for cash back, purchases, travel booked through the Ultimate Rewards portal, and transfer them to airline and hotel partners.
While you can get 0.8 – 1.25 cents per point for Ultimate Rewards points redeemed for cash back, purchases and travel booked through Ultimate Rewards, you can often exceed that by transferring points to travel partners.
Ultimately, you should do what makes the most sense for you when redeeming Ultimate Rewards points, using them for cash back, or using them for purchases.
The Chase Freedom Card is one of the best credit cards for travel to add to your wallet with no annual fee, and 0% APR for purchases and balance transfers made in the first 15 months of being a cardholder.
The Freedom Card can also be leveraged to earn up to 5% cash back on revolving quarterly categories for purchases at gas stations, grocery stores, and department stores.
The Chase Freedom Card is more than simply a cash back card, and can be used to earn pay for purchases and gift cards, and can be used to book travel after COVID-19 by transferring to airline and hotel programs like British Airways, Singapore Airlines, and IHG Rewards.
What Points Panda Recommends for Travel Credit Cards
We currently do not know the full travel and financial implications of COVID-19. But we believe that it is never too early to start earning miles and points from credit cards for travel when it is safe to do so again.
We encourage you to start small, perhaps with the Chase Freedom card since it has no annual fee. Also, you need to understand what each card offers and match that to your spending capabilities and habits.x