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Introduction to American Express Travel Protection

Types of travel protection offered, american express travel protection: a guide to your benefits.

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate credit cards to write unbiased product reviews .

The information for the following product(s) has been collected independently by Business Insider: Hilton Honors American Express Aspire Card, Amex EveryDay® Preferred Credit Card, American Express® Green Card, The Plum Card® from American Express. The details for these products have not been reviewed or provided by the issuer.

• Some American Express cards offer trip cancellation and interruption benefits .
• You'll find these perks on cards like The Platinum Card® from American Express.
• If you're eager to sign up for a travel credit card with perks, compare each card's offerings.

Overview of Travel Protection Benefits

While credit card insurance and travel protection coverage are usually considered secondary to rewards programs and other cardholder perks, these benefits can be equally important if you travel.

When you pay for a trip with a credit card that offers trip cancellation and interruption insurance, for example, you can get reimbursed for some of your travel expenses in the event your vacation is halted for reasons beyond your control. Meanwhile, trip delay insurance lets you apply for some reimbursement when a delay of your trip results in surprise expenses, such as an unplanned hotel stay near the airport when your flight is on hold.

Importance of Travel Insurance

Chase credit cards like the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card have really stood out for years in terms of the protections they offer, and with some of the highest limits out there. Still, American Express is still coming around — it recently added trip cancellation and interruption insurance, along with trip delay coverage, to many of its top rewards credit cards. 

If you're in the market for an American Express card and you're hoping to take advantage of important travel benefits, consider the cards below and their expanded travel protections.

Trip Cancellation and Interruption Insurance

New trip cancellation and interruption insurance from American Express credit cards will provide you with up to $10,000 in coverage (and up to $20,000 per account per year) you can use for reimbursement of prepaid travel expenses like airfare and hotels. This coverage can come in handy if your trip is canceled for a covered reason beyond your control, or you're stuck in your destination and require an extended stay and additional costs before you can return home.

Note that this coverage is good for round-trip travel booked with your credit card, meaning you have to pay for travel expenses with a common carrier with your American Express credit card in order to be eligible.

American Express cards that qualify for this coverage include:

• The Platinum Card® from American Express
• Delta SkyMiles® Reserve American Express Card
• Hilton Honors American Express Aspire Card
• Marriott Bonvoy Brilliant® American Express® Card
• The Business Platinum Card® from American Express
• Delta SkyMiles® Reserve Business American Express Card

Other versions of the Amex Platinum card — including the Goldman Sachs, Morgan Stanley, and corporate flavors —  also offer this coverage, as do all versions of the Amex Centurion (black) card , which is invite-only.

Baggage Insurance Plan

Quite a few American Express credit cards also offer a baggage insurance plan, although this isn't a new or upgraded benefit from the card issuer. This coverage can come in handy if your luggage is lost or stolen during a covered trip. To be eligible for this coverage, you have to pay for travel with a common carrier (airfare, cruise fare, etc.) with your American Express credit card.

The amount of coverage you'll receive depends on the card you have. For example, baggage insurance from the The Platinum Card® from American Express offers up to $3,000 in coverage per person for carry-on luggage and up to $2,000 per person in coverage for some types of checked baggage.

With baggage insurance from the Amex EveryDay® Preferred Credit Card , on the other hand, you'll only qualify for up to $1,250 in coverage per person for carry-on luggage and up to $500 for covered checked baggage, although an extra benefit of $250 is offered for qualified "high risk items" like jewelry or sporting equipment. 

American Express cards that come with baggage insurance include:

• The Platinum Card® from American Express (including various versions)
• American Express® Gold Card (including various versions)
• American Express® Green Card (including various versions)
• Delta SkyMiles® Gold American Express Card
• Delta SkyMiles® Platinum American Express Card
• Hilton Honors American Express Surpass® Card
• Amex EveryDay® Preferred Credit Card
• The Plum Card® from American Express

American Express business cards with baggage insurance include:

• American Express® Business Gold Card
• The Blue Business® Plus Credit Card from American Express
• Delta SkyMiles® Gold Business American Express Card
• Delta SkyMiles® Platinum Business American Express Card
• Marriott Bonvoy Business® American Express® Card
• The Hilton Honors American Express Business Card
• Lowe's Business Rewards Card from American Express
• Amazon Business Prime American Express Card
• Amazon Business American Express Card

Various versions of the Amex Centurion card and several Amex corporate cards also offer baggage insurance.

Travel Accident Insurance

Some American Express cards also offer secondary auto rental coverage, which means this coverage kicks in after other policies you have are exhausted, as opposed to primary car rental coverage.

While this benefit applies to many Amex cards, note that coverage limits can vary. With the Amex Gold card, for example, coverage is limited to $50,000 per rental agreement for damage or theft, yet the Amex Platinum card offers up to $75,000 in coverage. The insurance doesn't cover personal liability, either.

Also note that this coverage comes with a certain amount of Accidental Death or Dismemberment Coverage that varies by card. With , for example, you'll receive up to $200,000 in coverage per person and up to $300,000 in coverage per car accident for accidental death and dismemberment. Make sure to read your credit card's terms and conditions so you know exactly how much coverage you have. 

American Express cards that come with secondary auto rental coverage include:

• The Platinum Card® from American Express (including various versions)
• Delta SkyMiles® Blue American Express Card
• Hilton Honors American Express Card
• Marriott Bonvoy American Express® Card (no longer available to new applicants)
• Blue Cash Everyday® Card from American Express
• Blue Cash Preferred® Card from American Express
• Amex Everyday® Credit Card from American Express

And business cards from Amex that offer secondary car rental insurance include:

While American Express did offer travel accident insurance on some of its cards, this coverage was effectively dropped as of January 1, 2020. The same is true for the American Express Roadside Assistance Hotline, which is no longer available.

Trip Delay Insurance

In January of 2020, American Express also rolled out an upgraded trip delay insurance benefit for many of its top rewards credit cards. While this perk may seem like an unusual one, there are so many scenarios where trip delay coverage could help you save money and avoid surprise expenses when travel is delayed beyond your control. 

With trip delay coverage from Amex, you can be reimbursed for up to $500 per trip for hotel stays, meals, and other miscellaneous required expenses when your flight or other trip plans are delayed by more than six hours. If you're sitting at the airport and your flight is suddenly delayed until the next morning, for example, you could use this coverage to get reimbursed for a nearby airport hotel and your dinner, then for an Uber or Lyft ride back to the airport.

To qualify for American Express trip delay coverage, you need to pay for your round-trip travel expenses with a common carrier with your credit card.

Amex cards that come with trip delay coverage include:

• American Express® Gold Card
• American Express® Green Card

Again, the various versions of the Amex Platinum and Amex Centurion cards also offer trip delay insurance.

Most travel protections are automatically activated when you use your American Express card to book your travel. However, specific activation steps, if any, depend on the benefit.

Covered reasons for trip cancellation or interruption typically include illness, severe weather, and other unforeseen events, reimbursing you for non-refundable travel expenses.

Yes, baggage insurance plans come with coverage limits, which vary depending on the card and the type of loss (e.g., lost, damaged, or stolen baggage).

The Global Assist Hotline offers medical, legal, and other emergency coordination and assistance services, but financial costs for services rendered are typically the cardholder's responsibility.

Eligibility for specific travel protections varies by card. Premium cards often offer more comprehensive protections compared to basic cards.

For rates and fees of The Platinum Card® from American Express, please click here.

Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Trip Delay Insurance, Trip Cancellation and Interruption Insurance, and Cell Phone Protection Underwritten by New Hampshire Insurance Company, an AIG Company. Global Assist Hotline Card Members are responsible for the costs charged by third-party service providers. If approved and coordinated by Premium Global Assist Hotline, emergency medical transportation assistance may be provided at no cost. In any other circumstance, Card Members may be responsible for the costs charged by third-party service providers. Extended Warranty, Purchase Protection, and Baggage Insurance Plan Underwritten by AMEX Assurance Company. Car Rental Loss & Damage Insurance Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.

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Comparing travel protections with the Chase Sapphire Reserve and Amex Platinum

The Chase Sapphire Reserve and The Platinum Card® from American Express are two of the most popular travel rewards cards . After all, both cards offer valuable transferable rewards , lounge access and the ability to receive elite-like perks when booking hotels through Amex's Fine Hotels & Resorts program and Chase's Luxury Hotel & Resort Collection .

Like many of the top rewards cards , the Chase Sapphire Reserve and Amex Platinum Card also provide travel insurance when you use your card to book travel. In particular, these two premium travel rewards cards offer an excellent combination of trip insurance and bonus earnings on select travel purchases. So, in this guide, let's compare the travel insurance provided by these two cards.

Overview of the travel insurance provided by these cards

* Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by New Hampshire Insurance Company, an AIG Company. ^ Eligibility and benefit level varies by card. Not all vehicle types or rentals are covered, and geographic restrictions apply. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by AMEX Assurance Company. Coverage is offered through American Express Travel Related Services Company, Inc. # Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. If approved and coordinated by Premium Global Assist Hotline, emergency medical transportation assistance may be provided at no cost. In any other circumstance, cardmembers are responsible for the costs charged by third-party service providers. † Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by AMEX Assurance Company.

As you can see in the table above, the Amex Platinum doesn't provide baggage delay insurance , emergency medical and dental benefits , roadside assistance or travel accident insurance . For brevity, I won't discuss the types of insurance the Amex Platinum doesn't provide any further in this guide.

Instead, I'll compare the protections head-to-head for the types of insurance provided by both cards. You can find the guide to benefits for both cards as follows:

• Chase Sapphire Reserve benefits guide
• Amex Platinum benefits guide

And to learn more about both cards, check out our Chase Sapphire Reserve credit card review and Amex Platinum card review .

Related: Amex Platinum vs. Chase Sapphire Reserve: Which card is right for you?

Trip delay insurance

Trip delay insurance may provide reimbursement for reasonable expenses during a delay when traveling on a common carrier. Here's a comparison of the Chase Sapphire Reserve 's and Amex Platinum Card 's trip delay insurance.

*Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by New Hampshire Insurance Company, an AIG Company.

As you may gather from the above table, the primary differences in trip delay coverage are:

• The Amex Platinum requires round-trip travel, which you must buy with your card (in whole or combination with other eligible methods).
• The Amex Platinum doesn't cover overnight delays that are less than six hours.
• The Amex Platinum caps your claims to two per 12-month period.
• The Amex Platinum covers traveling companions as long as you pay for their round-trip common carrier fares with your card.
• The Chase Sapphire Reserve explicitly covers delays due to strikes, while the Amex Platinum explicitly covers delays due to lost or stolen passports or travel documents.

Related: Chase paid for my $1,100-per-night hotel room thanks to built-in trip delay coverage

Trip cancellation/interruption insurance

Trip cancellation and interruption insurance may provide reimbursement for nonrefundable, prepaid trip expenses when you must cancel or alter a trip due to a covered situation. In some cases, you may be covered for additional expenses. Here's a comparison of the Chase Sapphire Reserve 's and Amex Platinum Card 's trip cancellation and interruption insurance:

* Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by New Hampshire Insurance Company, an AIG Company.

As you can see in the above table and the related benefits guides, the primary differences in trip cancellation and trip interruption coverage are:

• The Amex Platinum requires round-trip travel , paid with your card (in whole or in combination with other eligible methods). Only travel expenses put on the card used for round-trip common carrier travel will be covered.
• The Amex Platinum may cover the cost to return home or rejoin the trip if your trip is interrupted.
• The Chase Sapphire Reserve may reimburse redeposit fees imposed by a rewards program if your trip is canceled or interrupted, as well as change fees and car positioning fees if your trip is interrupted.
• The Chase Sapphire Reserve covers more types of losses, including if your accommodation at your destination is made uninhabitable or your host at your destination dies or is hospitalized.
• The Amex Platinum excludes losses related to mental or emotional disorders unless hospitalized. The Amex Platinum also excludes losses that occur when you're intoxicated. The Chase Sapphire Reserve excludes any loss for any trip booked while on a waiting list for specified medical treatment.

Check out American Express' trip cancellation and interruption insurance coronavirus frequently asked questions if you're wondering whether the Amex Platinum's insurance will cover coronavirus -related cancellations or interruptions.

Related: Be careful: Avoiding outbreaks isn't covered by most travel insurance

Auto rental collision damage waiver

The collision damage waiver offered by both cards can cover your rental car if you're in an accident or if it's stolen or damaged. Here's a comparison of the Chase Sapphire Reserve 's and Amex Platinum Card 's rental car insurance.

^ Eligibility and benefit level varies by card. Not all vehicle types or rentals are covered, and geographic restrictions apply. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by AMEX Assurance Company. Coverage is offered through American Express Travel Related Services Company, Inc.

As you can see in the above table and the related guide to benefits, the primary differences in car rental collision damage protection are:

• The Chase Sapphire Reserve covers more types of vehicles.
• The Chase Sapphire Reserve provides primary coverage.
• The Chase Sapphire Reserve doesn't have country exclusions.
• The Amex Platinum offers coverage to spouses when payment is made with an eligible card.
• While the Amex Platinum coverage specifically mentions peer-to-peer rentals, it's unlikely your Sapphire Reserve would cover Turo rentals .

If you'd prefer to get primary coverage for rental cars when using American Express cards , you can enroll in American Express' Premium Car Rental protection .

Related: 11 common rental car mistakes — and how to avoid them

Emergency evacuation and transportation insurance

The emergency evacuation and transportation insurance provided by these cards can arrange and pay for necessary emergency medical transport and evacuation under eligible circumstances. Here's a comparison of the Chase Sapphire Reserve 's and Amex Platinum Card 's emergency evacuation and transportation insurance.

# Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. If approved and coordinated by Premium Global Assist Hotline, emergency medical transportation assistance may be provided at no cost. In any other circumstance, cardmembers are responsible for the costs charged by third-party service providers.

As you can see in the above table and the related guide to benefits, the primary differences in the emergency medical evaluation benefit are:

• You're covered by the Amex Platinum even if you use another card to purchase your common carrier fare, whereas you must at least partially pay with the Chase Sapphire Reserve or associated rewards to be covered.
• The Chase Sapphire Reserve has stricter requirements for trip length.
• Both cards offer additional benefits that can bring a family member to your side or return now-unaccompanied minors home.

Related: A Medjet medical transport membership is different than travel insurance. Here's why you need both

Lost luggage reimbursement

The lost luggage benefit offered by both cards may reimburse you if your baggage is lost, damaged or stolen during a trip. Here's a comparison of the lost luggage reimbursement provided by the Chase Sapphire Reserve and Amex Platinum Card .

† Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by AMEX Assurance Company.

As you can see in the above table and the related guide to benefits, the primary differences in lost luggage reimbursement are:

• The Amex Platinum explicitly notes that losses due to confiscation by TSA aren't excluded.
• The Chase Sapphire Reserve covers a broader selection of family members when you pay for their ticket using your card.
• The cards exclude different types of items and types of loss.

Related: Everything you need to know about Amex's baggage insurance plan

When should I use the Chase Sapphire Reserve vs. the Amex Platinum?

The Platinum Card from American Express earns 5 Amex Membership Rewards points per dollar spent on flights booked directly with airlines or with American Express Travel (on up to $500,000 of these purchases per calendar year, then 1 point per dollar) for an approximate 10% return based on TPG's valuations . The Chase Sapphire Reserve earns 10 Chase Ultimate Rewards points per dollar on hotels and rental cars purchased through the Chase Travel portal , 5 points per dollar on flights booked through this portal, 10 points per dollar on Lyft rides through March 2025 and 3 points per dollar on all other travel (bonus points earning comes into effect after exhausting the $300 annual travel credit ).

The Sapphire Reserve has an annual fee of $550 while the Amex Platinum Card has a $695 annual fee (see rates and fees ).

Related: Amex Membership Rewards vs. Chase Ultimate Rewards: Which is the best?

Despite the earning gap (which can sway one way or the other, depending on how you book your flights), you may want to use the Chase Sapphire Reserve when booking some common carrier travel. I recommend checking out the guide to both cards' benefits and considering which card is best for your travel expenses. To help, here are some reasons to consider each card.

Reasons to use the Chase Sapphire Reserve

• Offers a baggage delay benefit , an emergency medical and dental benefit, and roadside assistance up to $50 up to four times a year.
• Only a portion of your travel expenses must be charged to your card to unlock most benefits (whereas the Amex Platinum generally only provides benefits when you charge the entire common carrier fare to your card).
• No requirement for round-trip travel.
• Provides trip delay benefits if you're delayed overnight for less than six hours.
• Provides primary car rental coverage.
• Offers travel accident insurance (although the Amex Platinum provides some travel accident insurance on car rentals).
• Includes strikes as an eligible reason for trip delay insurance.
• May reimburse redeposit fees imposed by a rewards program under trip cancellation/interruption insurance .

OFFICIAL APPLICATION LINK: Chase Sapphire Reserve

Reasons to use the Amex Platinum

• Provides an emergency medical evacuation benefit to cardmembers regardless of whether you charged any trip expenses to the card.
• Covers traveling companions for trip delay insurance and trip cancellation/interruption insurance when you purchase their round-trip fare with your card.
• May reimburse additional transportation expenses to rejoin the common carrier covered trip or return to the place of origin; also may cover the purchase of tickets for a new departure, under trip interruption insurance.
• Includes lost or stolen passports or travel documents as an eligible reason for trip delay insurance.
• Has a higher cap on high-value items for lost, damaged or stolen baggage.
• Some readers have found the claim process to be more straightforward and simple.

OFFICIAL APPLICATION LINK: The Platinum Card from American Express

Bottom line

Some travelers who have both cards put their flights on the Amex Platinum to earn 5 points per dollar and put other travel expenses on the Chase Sapphire Reserve to earn 3 points per dollar and activate their trip cancellation and interruption protections.

You might want to keep the Amex Platinum primarily for Centurion Lounge access , hotel elite status and access to Amex Fine Hotels & Resorts , as well as nearly $1,500 in annual credits available to cardmembers.

However, you might want to avoid booking flights with the Amex Platinum because of the round-trip requirement and the lack of baggage delay protection . Instead, you'd prefer to use the Chase Sapphire Reserve for common carrier fares and other travel expenses .

Additional reporting by Ryan Smith.

For rates and fees of the Amex Platinum card, click here .

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American Express Travel Insurance Coverage Review – Is It Worth It?

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Table of Contents

Why purchase travel insurance, travel insurance and the covid-19 virus, american express travel insurance options, additional information — american express travel insurance, how does american express travel insurance compare, the value of travel insurance comparison sites, final thoughts.

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We frequently discuss the travel insurance coverages that are offered complimentary on most credit cards . We do so because these benefits, especially the long list of travel insurance coverages on premium cards, can save you money, offer peace of mind during your travels, and provide help if something goes wrong.

These complimentary coverages are useful and can offer more than adequate coverage for most trips. However, if you’re investing in an expensive trip or 1 that involves multiple travel providers, purchasing a comprehensive travel insurance policy is a prudent move. You’d also want a travel insurance policy if your trip has a complicated itinerary or if you’re anxious about the possibility of having to cancel any portion of the journey.

Additionally, it’s imperative that if you’re worried about having medical coverage while traveling, you’d want to purchase a travel insurance policy that provides medical coverage.

Fortunately, travel insurance is widely available, reasonably affordable, and simple to secure. There are several reputable travel insurance companies , highly-rated by financial rating organizations such as AM Best , that offer nearly endless options from which to choose.

American Express Travel Insurance , underwritten by AMEX Assurance Company, is one of those highly-respected, highly-rated, established companies offering comprehensive travel insurance solutions.

Join us while we check out the types of policies the company offers, any limitations of which to be aware, and additional options for protecting your next trip appropriately.

Travel insurance can help you avoid losing the investment you made when booking your trip, reimburse you for covered expenses should your trip be disrupted due to a covered event, or pay for emergency medical services.

Policies are designed to cover disruption due to the reasons listed in the policy you purchased. These reasons consist of events that are unforeseen and unexpected.

Here are a few situations where travel insurance could cover your loss:

• You or a covered family member become ill and you must cancel your trip. Trip insurance can cover prepaid non-reimbursable expenses.
• You are injured in an accident during your trip and need to be evacuated to a hospital by air ambulance.
• You become ill during your trip and must return home versus continuing on your journey.
• Your flight is delayed or canceled and you must stay at a hotel and incur expenses for lodging and incidentals.

Whether you should purchase travel insurance or not is a personal decision. If losing your trip investment or having to pay for extra expenses if the trip is disrupted makes you uncomfortable or would present a financial burden, then you should purchase a comprehensive travel insurance policy.

If worrying about having to cancel your trip or having it disrupted during your journey is an issue, purchasing a travel insurance policy will definitely deliver some peace of mind, both prior to and during your trip.

For more tips on buying travel insurance in general, you’ll find valuable information in our guide to buying the best travel insurance .

Bottom Line: The longer, more expensive, and more complicated your trip, the greater the need for a comprehensive travel insurance policy.

When you purchase travel insurance and your trip is canceled, you expect to have coverage. However, not all cancellations are covered — only those specifically listed in your policy.

Once COVID-19 was declared a pandemic, it became a known event and therefore is not covered on travel insurance policies. While it’s reasonable to want to cancel your trip due to fear of COVID-19, canceling a trip due to the fear of any illness is not a covered reason on any travel insurance policy.

There is also no coverage for canceling a trip due to a U.S. State Department announcement warning of COVID-19 in a particular area.

In order to have coverage for voluntary trip cancellations, you would need to purchase “Cancel for Any Reason Insurance” (CFAR) . CFAR is not a stand-alone insurance policy — it is an add-on coverage you select when you purchase a travel insurance policy or coverage you may be able to add to a travel insurance policy after purchase, within an initially specified timeframe.

CFAR insurance is expensive, does not cover the entire cost of your trip, and not all companies sell the coverage, including American Express Travel Insurance.

Additionally, there is a small window of time when you are able to purchase the coverage, including during your initial purchase or up to 10 to 21 days after the purchase, depending on the company.

While American Express Travel Insurance does not cover trip cancellation due to fear of contracting COVID-19, there may be coverage in certain circumstances. For example, if you become sick with the virus and have to cancel your trip as a result, you may have coverage under trip cancellation insurance.

Additionally, if you become ill with the virus during your travels, you may have coverage under Travel Medical Protection. Terms and conditions apply.

Bottom Line: Travel insurance does not cover canceled trips due to fear of getting COVID-19 or a government declaration that a specific destination is unsafe. Cancel for Any Reason Insurance must be purchased to cover these voluntary cancellations. 

American Express offers you 2 options when it comes to purchasing travel insurance. You can select a package policy that includes several types of coverages in 1 plan or you can build your own travel insurance plan and select just the coverages that are important to you.

Coverage is worldwide except for where it would violate U.S. trade or economic sanctions. All permanent U.S. residents are eligible to purchase travel insurance with American Express.

Package Policy Options

American Express Travel Insurance offers 4 levels of travel insurance package policy plans — a Basic Plan, Silver Plan, Gold Plan, and Platinum Plan. Each has its own levels of coverage and associated premium cost.

Let’s take a look at the package policy offerings and pricing. We chose a week-long trip for a 40-year old that cost $3,000. Prices ranged from $59 to $208 to cover the entire trip.

With package policies, you can expect to find the following coverages. The limits of coverage differ based on the policy plan you select.

• Trip Cancellation/Interruption — Receive reimbursement for prepaid non-refundable expenses due to cancellation for covered reasons and additional costs if your trip is disrupted, also for covered reasons.
• Global Medical Protection — Receive worldwide emergency medical and dental coverage for the first 60 days of your trip and access to emergency evacuation/repatriation services.
• Travel Accident Protection — Receive coverage for accidental death/dismemberment from the time you leave on your trip until the time you arrive home.
• Global Baggage Protection — Coverage varies from $250 to $2,500 for lost luggage depending on the level selected. Baggage delay coverage starts from 3- to over 24-hour delays, depending on the policy plan selected.
• Global Trip Delay — Receive up to $300 per day, $1,000 per trip, depending on the level of coverage selected. Coverage is valid for delayed/canceled flights or involuntary-denied boarding.
• 24-Hour Travel Assistance — Have global access to planning and emergency assistance before and during your trip.

Bottom Line: American Express Travel Insurance offers 4 different levels of package policies, each comprising a collection of coverages most travelers look for. The plan you select and the level of coverage limits chosen determine the amount of the premium cost. 

Custom Select Coverage Options

If some of the coverages in the package plan are not important to you, you can select only the coverage(s) you want and pay accordingly. Perhaps, for example, you have a need for just medical coverage while traveling abroad. You have the option to select just that coverage.

This example shows the levels of coverage available and the associated premium costs. The Gold Plan selected offers up to $100,000 in emergency medical, up to $750 in emergency dental, and up to $100,000 in emergency evacuation/repatriation. The price of this plan would be $32 for the entire trip.

Bottom Line: Having the option to select only the coverages you want allows you to save money by not paying for coverages you don’t need. This is a key benefit of purchasing travel insurance through American Express Travel Insurance. Few travel insurance companies offer the option to purchase stand-alone travel medical coverage. 

Pricing By Age

Like most travel insurance companies, American Express Travel Insurance prices its products within age brackets. The price for coverage is the same for everyone in that specific age bracket.

Based on dozens of quotes obtained, pricing brackets were determined to be as follows:

• Age 17 to 40
• Age 41 to 65
• Age 66 to 70
• Age 70 to 80
• Age 81 or over

Knowing this upfront can help you determine if you’re at the beginning of the highest price bracket or the end. For example, if you are 40 years old, you’re going to pay less than a 41-year-old in the next pricing bracket but the same as a 17-year-old.

If you’re a senior and want to learn more about purchasing travel insurance in your 60s, 70s, and beyond , the tips in our article will help guide you in the right direction.

Bottom Line: Knowing a travel insurance company’s age pricing brackets can help you determine which company offers you the best value for your money.

Cancellations and Changes

Here is some information you should know about cancellations and changes to an American Express Travel Insurance policy.

• You can change or modify your policy prior to your trip.
• You can request a full refund within 14 days after receiving your policy documents. Some restrictions vary by state.
• If you have purchased American Express Travel Insurance and your trip was canceled due to COVID-19, you may qualify for a policy refund . Contact AMEX Assurance Company for details at [email protected]. Terms apply.
• Once your trip is completed, you cannot request a refund.

Hot Tip: Due to the overall decrease in travel, many travel insurance companies now allow you to cancel your travel insurance and receive a full refund or extend your policy without extra charges. 

To Other Travel Insurance Companies

When comparing other package policies to American Express Travel Insurance, the company’s premiums came up higher overall for this specific trip and traveler (1-week trip, 40-year-old, total value $3,000).

The first policy above with Assistance USA for $77, for example, has coverages similar to the Silver Amex plan which has a premium of $133. The coverage on the $102 Assistance USA plan above compares more with the Amex Gold plan at $157.

Prices will vary considerably based on the types of coverages selected, age, and limits of each coverage. We used policy comparison websites and found similar but not identical policies. With so many different coverage options, it’s difficult to compare apples to apples.

This is a very limited comparison — your results will be different based on your specific details. The most important factors to consider are that you’re purchasing from a highly-rated company, the coverages are a match for your needs, and the premium is one with which you’re comfortable paying.

To Credit Card Travel Insurance

The travel insurance coverages that comes complimentary on your credit card can serve to provide coverage for some trips. For example, if you book a domestic round-trip flight, a hotel, and a rental car, you may have sufficient coverages on your credit card to cover that trip.

Credit card travel insurance coverage, however, is not a replacement for a comprehensive travel insurance policy , for these reasons:

• Most credit card travel insurance coverage is secondary and in excess of other coverage you might have. You’ll normally be working with 2 (or more) entities to get your claim resolved.
• Credit card travel insurance is administered by a third party, not by the issuing financial institution, thus making the claims process potentially redundant and complicated.
• You generally won’t find medical coverage on a credit card. The Platinum Card ® from American Express and the Chase Sapphire Reserve ® offer emergency medical evacuation and there is a small medical benefit on the Chase Sapphire Reserve card.
• Coverage limits are set on credit card travel insurance. Travel insurance policies can offer higher limit options.
• Credit card travel insurances have requirements such as purchasing the trip with the associated credit card.
• Additional coverages can be added to travel insurance policies such as CFAR insurance, a preexisting conditions waiver, and other benefits not available with credit cards.

Bottom Line: While the travel insurance coverages that come with credit cards may be sufficient to cover a simple trip where there is no large investment at stake, these coverages are by no means a replacement for a comprehensive travel insurance policy. 

Because travel insurance is widely available and quite competitive, you may find drastic differences in the price you’ll pay between companies and policy offerings. Selecting a company is not difficult as there are dozens of reputable, highly financially-rated, established companies, but comparing policies is essential for getting the best value for your money.

One way to easily compare pricing and coverages is to utilize a travel insurance comparison site to narrow down the appropriate options for your situation.

Here are some of the most popular, easy-to-use comparison sites that only feature highly financially-rated travel insurance companies.

TravelInsurance.com

• Coverage is available instantly
• The comparison tool is easy to use
• The company has a “best price guarantee”

InsureMyTrip

• Calls are handled by licensed agents
• The website contains educational information for understanding travel insurance coverages and policies
• Features nearly 2 dozen companies

SquareMouth

• Compare 90 different policies from over 20 different companies
• Customer service receives high accolades
• Over 86,000 reviews

Bottom Line: Utilizing a travel insurance comparison website can help you quickly narrow your choices to policies that fit your needs and your budget. 

There is no doubt that American Express is a financially-stable, established, and well-respected travel insurance company.

One of the company’s strengths is that it offers the consumer the ability to purchase needed coverages separately , such as medical insurance for an international trip. The premiums for such coverage are also very competitively priced. This could be a huge plus if you are not interested in duplicating credit card travel insurance coverages or in having just secondary or excess coverage.

One downside, especially in today’s environment, is that American Express Travel Insurance does not sell CFAR insurance. If this is important to you, you should attempt to find the coverage elsewhere by using comparison sites.

Another downside that may or may not be important is that American Express Travel Insurance does not sell annual or multi-trip policies. You must purchase a new policy for each individual trip.

Also, like several other travel insurance companies, high-risk adventurous activities may not be covered with American Express Travel Insurance. You might look to a company specializing in insuring these activities such as World Nomads .

If you want to make sure you’re purchasing from an established company and have specific coverages you’re more interested in than others, American Express Travel Insurance is a solid decision . For package travel insurance policies, you might be able to realize modest savings by shopping around, but you won’t go wrong with the company selection of choosing American Express Travel Insurance.

All information and content provided by Upgraded Points is intended as general information and for educational purposes only, and should not be interpreted as medical advice or legal advice. For more information, see our  Medical & Legal Disclaimers .

For rates and fees of The Platinum Card ® from American Express, click here .

Frequently Asked Questions

Is american express travel insurance worth it.

Yes, overall. American Express Travel Insurance is backed by AMEX Assurance Company which is highly-rated, established, and reputable.

The company offers competitive travel insurance package policies but also allows the traveler to build their own policies with only the coverages they deem necessary. This option can save the traveler money.

If you’re looking for medical coverage for an international trip, for example, purchasing with an established company at a reasonable price makes American Express Travel Insurance a worthy choice.

Do I have to have an American Express credit card to purchase American Express travel insurance?

No, you do not need to be an American Express cardholder to purchase a travel insurance policy from American Express Travel Insurance.

Does travel insurance cover COVID-19?

Travel insurance does not cover canceling your trip due to fear of getting sick. It also does not cover canceling your trip due to a government shutdown due to COVID-19, or a surge in cases in a particular area.

You may have coverage if you become ill due to COVID-19 and need to cancel your trip, depending on the terms of your policy.

You may also have coverage if you become ill due to COVID-19 during your travels.

Is credit card travel insurance any good?

The travel insurance coverages that come with your credit card can be sufficient to cover simple trips. If you’re booking a trip that has a complicated itinerary, involves several travel providers, or is more than a week in length, you might consider a comprehensive travel insurance policy.

In addition, if your trip is an expensive one, even if it’s simple and short, it would be prudent to cover your investment with a travel insurance policy.

Finally, credit cards do not come with medical insurance coverage. If you need this coverage while traveling, you’ll want to purchase a separate policy.

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About Christine Krzyszton

Christine ran her own business developing and managing insurance and financial services. This stoked a passion for points and miles and she now has over 2 dozen credit cards and creates in-depth, detailed content for UP.

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Is The Amex Platinum Still Worth it in 2024?

With its annual fee hiked to $799 (all figures in CAD) last year, the American Express Platinum Card is now the most expensive publicly-available credit card on the market.

Given this annual fee increase, the question that must be asked is, “is the Amex Platinum still worth it in 2024?”

In this article, we’ll take a deep dive into whether you should apply for, keep, or cancel the American Express Platinum Card.

Amex Increases the Annual Fee of the Platinum Card

In 2023, American Express Canada announced that it would be increasing the annual fee for the Platinum Card. The fee went from $699 to $799, with the increase taking effect towards the end of September 2023.

The annual fee for a supplementary card was also increased at the same time from $175 to $250 per card.

With the American Express Platinum Card already sitting among the most expensive cards in Canada, the fee increase naturally caused some furor in the Miles & Points community. Many in the community were left wondering if the card is still worth keeping or if it’s worth applying for in the first place.

We at Prince of Travel still believe that the Platinum Card is one of the best travel credit cards in Canada; however, we also recognize that each person has different wants, needs, and travel habits, so the card might not be suited for everyone.

To explore this further, let’s break down whether the Amex Platinum is still worth it in 2024.

Welcome Bonus

If you’re holding the American Express Platinum Card after the first year of card membership, feel free to skip this part of the article; however, if you’re currently contemplating whether or not to apply for the card, read on.

The American Express Platinum Card has always lured would-be cardholders with a strong welcome bonus.

Currently, the card offers the chance to earn a welcome bonus of 70,000 Membership Rewards (MR) points once you spend $10,000 in the first three months of card membership.

• Earn 70 ,000 MR points upon spending $10,000 in the first three months
• Plus, earn  30,000 MR points  upon making a purchase in months 14–17 as a cardholder
• Also, earn 2x MR points on all dining and travel purchases
• Also, receive an annual $200 travel credit
• Also, receive an annual  $200 dining credit
• Transfer MR points to Aeroplan and other frequent flyer programs for premium flights
• Unlimited airport lounge access for you and one guest at Priority Pass, Plaza Premium, Centurion, and other lounges
• Credits and rebates for daily expenses throughout the year with Amex Offers
• Bonus MR points for referring family and friends
• Annual fee: $799

At our current valuation, 70,000 Membership Rewards points are worth $1,540 (1 MR point = 2.2 cents), making signing up almost a no-brainer.

Additionally, you can potentially get an even higher value out of those points by transferring them to an airline partner.

By transferring your 70,000 points to a partnered airline loyalty program like Aeroplan, British Airways Executive Club, or Air France KLM Flying Blue, you could enjoy a redemption like one the following examples:

• One-way business class flight from anywhere in Canada to South America, or from the West Coast to Japan with Aeroplan
• Round-trip business class flights between the US East Coast and Madrid on Iberia with British Airways Executive Club
• One-way business class flights from major cities in North America to anywhere in Europe with Air France KLM Flying Blue

However, do keep in mind that the welcome bonus comes with a rather steep minimum spend requirement of $10,000 in three months. For most households, this might be difficult, especially given that American Express isn’t accepted everywhere.

That said, this level of spend is doable if you have an impending large purchase, such as a renovation or a wedding. Alternatively, you could pay your rent with the card by using a service like Chexy (if your landlord is eligible), and this could make a big dent in the spending requirement.

As an additional bonus, you can earn another 30,000 points by holding the card into the second year and making a purchase between months 14 and 17 of card membership.

These additional 30,000 points are worth $660 according to our valuation, and this alone already covers three quarters of the annual fee for the second year!

In all, with the welcome bonus alone, the American Express Platinum Card is worth applying for and keeping for the second year

Recurring Credits

The American Express Platinum Card has three recurring credits, as follows:

• $200 annual travel credit
• $200 annual dining credit
• $100 NEXUS credit every four years

You’ll have access to these credits after you’ve been approved for the Platinum Card and as you renew it for subsequent years. Keep in mind, however, that these credits aren’t a carte blanche; they come with a laundry list of terms and conditions.

The $200 annual travel credit can only be used on travel booked with Amex’s in-house travel agency, but you’re free to use it on any travel product available on the website or over the phone, including flights.

The $200 annual dining credit is exclusively available to be used at a restaurant selected from a list curated by Amex based on Canada’s Top 100 Restaurants.

The notable downside to this restriction is that you’ll be hard-pressed to find an eligible restaurant if you live far from Canada’s bigger cities like Toronto and Vancouver.

The third recurring credit is pretty straightforward. You can use the NEXUS credit to offset the cost of NEXUS applications. However, you’ll want to keep in mind that the credit only recurs once every four years.

Now, if you can make use of the travel and dining credits every year, your “net cost” for the card will effectively go down to $399 without even taking into consideration the welcome bonus discussed above.

Amex Offers

Another feature of the American Express Platinum Card that may justify its fee is Amex Offers.

With Amex Offers, purchases with partner merchants are incentivized with statement credits, Membership Rewards points, or discounts. Many of these offers can result in substantial savings, sometimes in the hundreds of dollars.

Recent Amex Offers include statement credits with United Airlines, Air France/KLM, Shangri-La Hotels and Resorts, Marriott Bonvoy-affiliated properties in Canada, and Fairmont hotels in Canada.

Some offers are exclusive to Platinum cardholders, but many targeted offers appear on the American Express card that you’re currently using most frequently, or on the only Amex card you have.

Thus, if you’re holding more than one Amex card, you might not necessarily get specific Amex Offers on your Platinum Card.

More importantly, Amex Offers are targeted based on your spending patterns, so they’re not the same across all cardholders, and you can’t count on them to consistently offset the cost of your Platinum Card.

Lounge Access

Airport lounge access is one of the most compelling features of the American Express Platinum Card since the card provides unlimited access for the cardholder plus one guest.

The lounge access provided by the Amex Platinum is available worldwide, mostly through the Priority Pass network, which offers 1,500+ lounges.

The cash cost of a single entry to a Priority Pass lounge is $35 per person per visit, so the value of unlimited access can add up.

As an American Express Platinum cardholder, you also get access to Amex’s own Centurion Lounges, which offer gourmet dining and handcrafted cocktails. Centurion Lounges are mostly available in the US, but they’re also available in cities like Sao Paulo and Hong Kong.

Lounge access might also justify supplementary cards for $250 a piece, since supplementary cardholders also get unlimited access to lounges for themselves plus their own guest.

However, unlimited lounge access is only great if you have ‌frequent use for it. For example, if you fly economy for work or you fly low-cost carriers as a digital nomad, you’ll find it truly beneficial.

Comparatively, if you fly business class a few times a year and have lounge access included with your ticket, then unlimited lounge access isn’t a compelling reason to hold the Platinum Card.

Automatic Hotel Status

With the American Express Platinum Card, you’ll receive two hotel statuses automatically: Marriott Bonvoy Gold Elite and Hilton Honors Gold Elite.

After receiving the card, you can log into your Amex account and find the option to link your Marriott and Hilton accounts and upgrade your status immediately. You’ll retain these elite statuses as long as you hold the card.

Marriott Bonvoy Gold Elite gives you potential upgrades and, more importantly, 2pm late check-out, while Hilton Honors Gold Elite gets you potential upgrades, plus a daily food and beverage credit or free continental breakfast, depending on the property.

Frankly, these statuses aren’t top-tier by any means; however, they’re still nice to have, especially if you can’t earn them by holding another credit card or with organic hotel stays.

Other Benefits

Aside from the major features discussed above, the American Express Platinum Card offers a bevy of other benefits.

Excellent Insurance Benefits

The American Express Platinum Card offers among the strongest credit card insurance benefits in the game.

As an American Express Platinum cardholder, you’ll enjoy the following protections:

• Emergency travel medical insurance of up to $5 million, covering you and your dependents for the first 15 days of your trip, regardless of whether or not you charged your trip to your Platinum Card
• Trip cancellation insurance of up to a maximum of $5,000, reimbursing you for the non-refundable travel charges you made, in case of unforeseen circumstances, such as an emergency medical condition, death in the family, and government advisories
• Flight delay insurance of up to $1,000, covering your accommodations and meals if your flight gets delayed by at least four hours
• Purchase protection coverage that covers accidental physical damage or theft, plus an extension to the manufacturer’s warranty for one year

Platinum Card Concierge

With the Platinum Card Concierge, you get help with restaurant reservations, buying event tickets, and other tasks, typically without extra cost to you.

You might find this service useful as you navigate a new city, or if you’re trying to score a coveted restaurant reservation.

Centurion New York Reservations

A less-publicized benefit of the Platinum Card is the ability to make reservations at Centurion New York, a fine-dining restaurant perched atop One Vanderbilt in Manhattan.

Menus are created by Michelin-starred chef Daniel Boloud, and the prices are reasonable by Manhattan standards.

This exclusive restaurant is only open to holders of the Platinum Card and the Centurion Card. You can call the Platinum Concierge to make a reservation.

Access to Hotel Collections

The American Express Platinum Card gives you access to two hotel collections:

• Fine Hotels + Resorts: Luxury properties that provide daily breakfast for two, guaranteed 4pm late check-out, 12pm early check-in, potential room upgrades, and $100 (USD) unique property credit (e.g., for the spa or restaurant) per stay.
• The Hotel Collection: Premium properties that give $100 (USD) experience credit (e.g., for the spa or restaurant), plus potential room upgrades.

The Fine Hotels + Resorts collection is exclusive to holders of the Platinum Card and the Centurion Card.

American Express Experiences and Amex Front of the Line

American Express Experiences provides exclusive access and benefits to some of the best entertainment and events.

Additionally, Amex Front of the Line gives access to presale tickets for some of the most in-demand concerts, theatre productions, and special events, often before the general public gets access.

So Is the Amex Platinum Still Worth It in 2024?

If you’re thinking of applying for the American Express Platinum Card, you definitely should as long as you can fulfill the minimum spend requirement for the welcome bonus. After all, the 70,000-point welcome bonus, worth $1,540 by our valuation, more than pays for the card.

You should also keep the card for the second year, since the second tranche of the welcome bonus (30,000 points worth $660) easily offsets more than three quarters of the cost of the card’s annual fee.

The question of whether you should keep the card for subsequent years past the first two is more complex.

If you can use the $200 annual travel credit and $200 annual dining credit, you’ll bring the “net cost” of the card down to $399.

Now, this remaining cost of $399 may be justified by the benefits provided by the Amex Platinum that we’ve discussed above.

Unfortunately, unlike the US-issued American Express Platinum Card, the Canadian Platinum Card doesn’t come with more recurring credits to bring down the net cost of the card further.

Additionally, the potentially lucrative Amex Offers aren’t guaranteed, and for many of the offers, they may show up with an Amex card other than the Platinum Card.

Thus, the thing that could justify holding the Platinum Card for many years is, in one word, access.

With the Platinum Card, you get access to airport lounges around the world, access to hotel status, and access to other exclusive benefits like the Platinum Card Concierge, Fine + Hotels Resorts, Centurion New York, and Amex Front of the Line.

If you value access – and the status symbol of holding the metal Platinum Card – then you should keep the card in your wallet year after year.

The American Express Platinum Card is now the most expensive publicly-available credit card in Canada, commanding a $799 annual fee.

The increase to the annual fee, which took effect in 2023, made many people wonder if the card was still worth applying for or keeping in subsequent years.

Hopefully, in breaking down the card’s benefits above, we’ve helped you make an informed decision on whether to apply for, keep, or cancel the American Express Platinum Card.

• Earn 80,000 MR points upon spending $15,000 in the first three months
• Plus, earn  40,000 MR points  upon making a purchase in months 14–17 as a cardholder
• And, earn 1.25x MR points on all purchases
• Also, receive a $200 annual travel credit
• Credits and rebates for business expenses throughout the year with Amex Offers
• Qualify for the card as a sole proprietor

Prince of Travel is Canada’s leading resource for using frequent flyer miles, credit card points, and loyalty programs to travel the world at a fraction of the price.

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Business Platinum Card from American Express

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American Express Platinum Card

100,000 MR points

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Up to 85,000 Aeroplan points†

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We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.

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The Guide to Single Trip Travel Insurance

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

Table of Contents

How single trip travel insurance works

How to choose between travel insurance companies, best plans for single trip travel insurance, other tips for travel insurance for a single trip, travel cards that come with complimentary travel insurance, single travel insurance for a trip recapped.

There are many types of travel insurance, including plans that’ll reimburse you for emergency medical expenses or unexpected travel delays. Along with coverage types, there are also different durations of travel insurance.

Single trip travel insurance will cover you during one vacation, while multitrip or annual travel insurance can last for multiple outings. Let’s take a look at single trip travel insurance, what kind of coverage you can expect and how to choose a plan that works for you.

Purchasing a travel insurance plan is fairly simple, as is making a claim. It generally goes like this:

You gather a few quotes from travel insurance companies.

You pick a plan that suits your needs and customize it to your liking.

You purchase your plan and include a date for it to start.

You go on your trip.

If something happens (such as a flight delay), keep the proof.

You make a claim with your travel insurance company.

The travel insurance company reimburses you. 

There are a few variations in how this can work (for instance, some travel insurance plans can pay a medical provider directly), but for the most part, this is how the process will go. This is the case whether you have one-trip travel insurance or multitrip travel insurance.

» Learn more: How to find the best travel insurance

There are several travel insurance companies out there, which can make choosing a plan difficult.

NerdWallet analysis found that some travel insurance providers rise above the rest in terms of breadth and depth of coverage, cost, customizability, and overall customer satisfaction. Jump to see our findings on the bets plans for single trip travel insurance.

However, before choosing a company and purchasing a plan, consider these questions:

How much am I willing to pay?

Do I want trip protection, emergency medical coverage or both?

Do I already have coverage somewhere?

How much customizability does my plan need?

Do I need coverage for preexisting conditions?

Will I be doing any sort of adventure activities?

Once you’ve answered these questions, do your due diligence and get quotes from multiple sources. Different providers will offer differing levels of coverage at varying prices, so it’s in your best interest to generate as many quotes as possible and read the fine print.

To make it simple, travel insurance aggregators such as Squaremouth (a NerdWallet partner) will provide you with multiple quotes at a time.

» Learn more: The best travel credit cards right now

We considered a wide variety of factors when it comes to selecting the best insurance for your trip. These factors include cost, customizability, coverage maximums, whether preexisting conditions are included and the type of coverage the policy offers.

World Nomads

World Nomads is great for active travelers because of its standard coverage of adventure activities. With just two plans from which to choose, it’s also simple to decide which one you’d like.

Covers 200-plus activities as standard. 

Simple plan options.

Emergency medical coverage included.

Only two choices for policies.

Riskier activities are covered only by the more expensive Explorer plan. 

Fixed-rate reimbursement for trip protection.

» Learn more: Read our full review of World Nomads

With eight plans on offer, Tin Leg has a policy for every type of traveler. Along with standard trip protections, Tin Leg also offers Cancel For Any Reason (CFAR) add-ons.

Plenty of plans from which to choose. 

Preexisting conditions included in most plans. 

Primary and secondary medical coverage options. 

Cheapest plan doesn’t cover preexisting medical conditions.

Rental car coverage add-on available only on Luxury plan. 

» Learn more: Is Cancel For Any Reason travel insurance worth it?

Seven Corners

Seven Corners is an excellent option for those who really want to customize their plans. Whether you’re looking for medical-only insurance or a more comprehensive policy, Seven Corners has options available.

Preexisting condition coverage available.

Medical-only plans on offer.

Covers missed tours and cruise connections. 

Inexpensive plan offers secondary medical insurance.

Event ticket registration coverage only for expensive plan. 

» Learn more: Is Seven Corners coverage worth the cost?

Our last company on the list is unique in that it covers those who use travel rewards, like purchasing flights or hotels with points and miles . This is fairly uncommon among travel insurance providers and can be really helpful when things go awry during award travel.

Plan options include accidental death and dismemberment (AD&D) travel life insurance. 

Covers up to $300 in frequent traveler reward costs. 

Worldwide travel assistance included on every policy.

Cancel For Any Reason insurance available only on most expensive plan. 

Just $35,000 in emergency medical for basic plan (low compared to similar policies at other companies).

» Learn more: Our full TravelSafe review

If you’re interested in getting travel insurance, do yourself a favor and consider these tips before making any purchases:

Consult your medical insurance provider to see whether it offers coverage out of country .

Consider an annual plan to save money if you make multiple trips per year.

Check your credit card for complimentary travel insurance . Many offer this benefit, and if its limits are satisfactory, you can book your travels with it and avoid buying a separate policy out-of-pocket altogether. More on this in the next section.

If you're looking to get coverage for a one-off trip, among your best options is to simply pay for your travel with a card that includes travel insurance as a benefit.

Most travel cards will include coverage for things like trip interruption , trip delays and lost luggage .

on Chase's website

on American Express' website

• Trip delay: Up to $500 per ticket for delays more than 12 hours.

• Trip cancellation: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

• Trip interruption: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

• Baggage delay: Up to $100 per day for five days.

• Lost luggage: Up to $3,000 per passenger.

• Trip delay: Up to $500 per ticket for delays more than 6 hours.

• Trip delay: Up to $500 per trip for delays more than 6 hours.

• Trip cancellation: Up to $10,000 per trip. Maximum benefit of $20,000 per 12-month period.

• Trip interruption: Up to $10,000 per trip. Maximum benefit of $20,000 per 12-month period.

Terms apply.

If you’re in the market for single trip travel insurance, there are plenty of options available to you. Before purchasing a plan, grab quotes from multiple companies because the types of coverage and costs are going to vary.

Beyond this, be sure to check whether your credit card offers complimentary travel insurance and reach out to your medical insurance provider to see what type of coverage it offers overseas.

American Express insurance disclosures

Insurance Benefit: Trip Delay Insurance

Up to $500 per Covered Trip that is delayed for more than 6 hours; and 2 claims per Eligible Card per 12 consecutive month period.

Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply.

Please visit americanexpress.com/benefitsguide for more details.

Underwritten by New Hampshire Insurance Company, an AIG Company.

Insurance Benefit: Trip Cancellation and Interruption Insurance

The maximum benefit amount for Trip Cancellation and Interruption Insurance is $10,000 per Covered Trip and $20,000 per Eligible Card per 12 consecutive month period.

Insurance Benefit: Baggage Insurance Plan

Baggage Insurance Plan coverage can be in effect for Covered Persons for eligible lost, damaged, or stolen Baggage during their travel on a Common Carrier Vehicle (e.g. plane, train, ship, or bus) when the Entire Fare for a ticket for the trip (one-way or round-trip) is charged to an Eligible Card. Coverage can be provided for up to $2,000 for checked Baggage and up to a combined maximum of $3,000 for checked and carry-on Baggage, in excess of coverage provided by the Common Carrier. The coverage is also subject to a $3,000 aggregate limit per Covered Trip. For New York State residents, there is a $2,000 per bag/suitcase limit for each Covered Person with a $10,000 aggregate maximum for all Covered Persons per Covered Trip.

Underwritten by AMEX Assurance Company.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024 , including those best for:

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Bank of America® Travel Rewards credit card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

Business travelers: Ink Business Preferred® Credit Card

1x-10x Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.

75,000 Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.

1x-5x 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases.

75,000 Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠.

1x-2x Earn 2X points on Southwest® purchases. Earn 2X points on local transit and commuting, including rideshare. Earn 2X points on internet, cable, and phone services, and select streaming. Earn 1X points on all other purchases.

50,000 Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.

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Best Credit Cards Of June 2024

Expert Reviewed

Updated: May 23, 2024, 8:26am

No single credit card is the best option for every family, purchase or budget. Forbes Advisor has chosen the best credit cards of 2024 to be the most helpful to the widest variety of readers. Rather than selecting a single winning option and ranking the fifteen next best, we highlighted the best credit card for multiple situations.

Why you can trust Forbes Advisor

Our editors are committed to bringing you unbiased ratings and information. Our editorial content is not influenced by advertisers. We use data-driven methodologies to evaluate financial products and companies, so all are measured equally. You can read more about our editorial guidelines and the credit card methodology for the ratings below.

• 210 Credit Cards Ranked
• 28,000 Data Points Collected
• 5 Levels of Fact-Checking
• 95 Categories Considered

Best Credit Cards of 2024

• Chase Sapphire Preferred® Card : Best Entry-Level Travel Card
• Capital One Venture X Rewards Credit Card : Best Flexible Rewards Card
• Chase Sapphire Reserve® : Best Credit Card for Travel Insurance
• The Platinum Card® from American Express : Best Credit Card for Luxury Travel and Lifestyle Benefits
• Capital One Venture Rewards Credit Card : Best Flat-Rate Rewards Credit Card
• Blue Cash Preferred® Card from American Express : Best Credit Card for Groceries
• American Express® Gold Card : Best Credit Card for Dining
• Prime Visa : Best Credit Card for Amazon
• Wells Fargo Reflect® Card : Best Balance Transfer Credit Card From Wells Fargo
• U.S. Bank Visa® Platinum Card * : Best Balance Transfer Credit Card From U.S. Bank
• Citi Rewards+® Card : Best 0% APR Credit Card With Everyday Rewards
• Chase Freedom Flex℠ : Best Cash-Back Credit Card
• Aeroplan® Credit Card : Best Midtier Airline Card
• United Quest℠ Card : Best Rewards for United Flyers
• British Airways Visa Signature® Card : Best for Award Flights and British Airways Flyers
• IHG One Rewards Premier Credit Card : Best Midrange Hotel Card
• The World of Hyatt Credit Card : Best for Luxury Hotel Stays
• Discover it® Student Cash Back : Best Student Card
• Bank of America® Customized Cash Rewards credit card for Students : Best Intro APR Student Card
• Citi Custom Cash® Card : Best Cash-Back Card for Fair Credit
• Discover it® Secured Credit Card : Best Secured Card for No Credit
• First Progress Platinum Prestige Mastercard® Secured Credit Card : Best Secured Card for Bad Credit

Best Travel Rewards Credit Cards of 2024

Best entry-level travel card, chase sapphire preferred® card.

Up to 5x Reward Rate

Earn 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all Read More

Welcome Bonus

75,000 bonus points

Regular APR

21.49%-28.49% Variable

Credit Score

Excellent, Good (700 - 749)

The Chase Sapphire Preferred® Card is a simple travel solution with valuable earning and redeeming rates and a reasonable annual fee.

Why we like it

You have access to all types of redemptions with this card. Its 1:1 rate when transferring Ultimate Rewards to travel partners is fantastic. But you also have the ability to pay with points through Chase Travel℠ for 25% more value if transfers aren’t an option.

What we don’t like

Though the card comes with up to $50 in statement credits toward hotel stays, you can only book through Chase Travel to use it.

Who it’s best for

Frequent travelers wary of an expensive annual fee. If you’re new to paying annual fees, find out what makes the Chase Sapphire Preferred worth the cost.

I​​t’s the granddaddy of travel credit cards, but it still earns its reputation as one of the best around with solid bonus categories, strong travel protections, a great set of domestic and international transfer partners and a reasonable annual fee to boot. You can’t go wrong with it as your first travel credit card.

• Earn high rewards on several areas of spending
• Transfer points to travel partners at 1:1 rate
• Many travel and shopping protections
• No intro APR offer
• Best travel earning rates are only for bookings through Chase
• Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s over $900 when you redeem through Chase Travel℠.
• Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
• Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 75,000 points are worth $937.50 toward travel.
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
• Member FDIC

Best Flexible Rewards Card

Capital one venture x rewards credit card.

Up to 10X Reward Rate

Earn 2 miles per dollar on all eligible purchases, 5 miles per dollar on flights and 10 miles per dollar Read More

Earn 75,000 bonus miles

19.99% - 29.99% (Variable)

Excellent (750 - 850)

The Capital One Venture X Rewards Credit Card comes with the complete package of travel transfer partners, premium benefits and an annual booking credit at a more approachable cost than competitors.

The annual fee is justifiable, thanks to a combination of an annual $300 credit for Capital One Travel bookings and 10,000 bonus miles starting on your first anniversary that offsets it ( rates & fees ).

Redemption rates for rewards other than travel are subpar. You’ll get less than 1 cent per point.

Travelers looking for top-tier benefits with flat-rate rewards. The Capital One Venture X may be worth it to those spending at least $400 per year on travel expenses.

If you’re looking for lofty perks without a lofty annual fee, the Venture X fits the bill. While other cards with elite benefits can run close to $700 a year, the Venture X is nearly half that. And you’ll still get Capital One and Priority Pass airport lounge access for you and your eligible guests, an annual travel credit and solid earnings on everyday purchases.

• Annual fee lower than others in its category
• Annual travel credit through Capital One Travel and anniversary miles alone could justify the annual fee
• Miles are easy to earn and easy to use
• Lack of domestic airline and upscale hotel travel partners
• Capital One lounge network in its infancy
• Lack of hotel status benefits
• Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
• Receive a $300 annual credit for bookings through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options
• Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
• Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
• Earn unlimited 2X miles on all other purchases
• Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
• Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
• Elevate every hotel stay from the Premier or Lifestyle Collections with a suite of cardholder benefits, like an experience credit, room upgrades, and more
• Receive up to a $100 credit for Global Entry or TSA PreCheck®

Best Credit Card for Travel Insurance

Chase sapphire reserve®.

Up to 10x Reward Rate

Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Read More

22.49%-29.49% Variable

The Chase Sapphire Reserve® packages best-in-class travel protections, airport lounge access, travel credits and strong rewards in a single card.

When offering benefits, the Sapphire Reserve keeps things customer-friendly, without requiring cardholders to sift through fine print or jump through hoops.

The annual fee on this card is significant.

Travelers who want flexible points and strong travel protections and who can utilize enough available benefits to justify the Sapphire Reserve’s high annual fee.

The Chase Sapphire Reserve card is one of the most valuable flexible rewards credit cards thanks to its lucrative bonus categories and easy-to-use travel credit. Cardholders can offset the annual fee and get great value when redeeming Chase Ultimate Rewards points earned on the card, thanks to partnerships with numerous airlines and hotels and its convenient travel booking portal, Chase Travel.

• $300 annual travel credit is incredibly flexible
• Generous welcome bonus
• Get 50% more value when you redeem points for travel through Chase
• Points transfer to valuable airline and hotel partners
• High annual fee
• High variable APR on purchases
• Excellent credit recommended
• Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,125 toward travel when you redeem through Chase Travel℠.
• $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
• Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
• Get 50% more value when you redeem your points for travel through Chase Travel℠. For example, 75,000 points are worth $1125 toward travel.
• 1:1 point transfer to leading airline and hotel loyalty programs
• Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®

Best Credit Card for Luxury Travel and Lifestyle Benefits

The platinum card® from american express.

5X Reward Rate

Earn 5 Membership Rewards Points per dollar on prepaid hotels booked with American Express Travel and on flights booked directly Read More

Earn 80,000 points

See Pay Over Time APR

Good,Excellent (700 - 749)

The list of credits and benefits on The Platinum Card® from American Express feels never-ending, offering extra value to live it up while traveling or shopping.

There are so many perks packaged into this card that cover everything from travel and lifestyle to online grocery shopping.

Many credits and other benefits are doled out periodically, meaning some will be hard to use, and others require close attention and management.

Customers who are willing to work within fine print to maximize a massive selection of benefits and credits. Since there’s a premium yearly fee, you’ll need to determine if the Amex Platinum benefits make sense for you.

Being an Amex Platinum cardholder grants access to the International Airline Program, which can save you money on first and business-class seats on more than 20 airlines, as well as premium economy tickets for you and up to seven traveling companions. Start your search on the Amex Travel website to find international flights departing or arriving in the U.S. for any of those premium cabins.

• High reward potential on flights and hotels booked through American Express Travel
• Multiple credits can help justify the fee
• Comprehensive airport lounge access
• Luxury travel benefits and elite status with Hilton and Marriott with enrollment
• Very high annual fee
• Maximizing the statement credits takes some work and could be impractical for many
• Reward rate outside of travel is sub-par for a premium card
• Earn 80,000 Membership Rewards® Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
• Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
• $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
• $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
• The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market. As of 03/2023.
• $155 Walmart+ Credit: Save on eligible delivery fees, shipping, and more with a Walmart+ membership. Use your Platinum Card® to pay for a monthly Walmart+ membership and get up to $12.95 plus applicable taxes back on one membership (excluding Plus Ups) each month.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.
• $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only. Terms Apply.
• $189 CLEAR® Plus Credit: CLEAR® Plus helps to get you to your gate faster at 50+ airports nationwide and get up to $189 back per calendar year on your Membership (subject to auto-renewal) when you use your Card. CLEARLanes are available at 100+ airports, stadiums, and entertainment venues.
• Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 year period for TSA PreCheck® application fee for a 5-year plan only (through a TSA PreCheck® official enrollment provider), when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
• Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That’s up to $50 in statement credits semi-annually. Enrollment required.
• Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.
• $695 annual fee.
• Terms Apply.

Best Flat-Rate Rewards Credit Card

Capital one venture rewards credit card.

Up to 5X Reward Rate

Earn 5X miles on hotels and rental cars booked through Capital One Travel. Earn 5X miles on Capital One Entertainment Read More

The Capital One Venture Rewards Credit Card is an approachable card focused on travel rewards with a reasonable annual fee ( rates & fees ) but still comes with all the transfer options of more expensive cards.

The card comes with an impressive welcome offer and competitive ongoing rewards.

For a travel card, it doesn’t offer many travel benefits or protections.

Customers who like Capital One Rewards and solid redemption opportunities without paying a premium annual fee.

The Capital One Venture Rewards card is extremely low maintenance as far as travel reward cards go. It provides consistent value and flexibility when it comes to earning and redeeming points for travel and is an excellent alternative for anyone a bit leery of the high Venture X annual fee.

• Solid rewards rate
• Global Entry or TSA PreCheck® statement credit (up to $100)
• No foreign transaction fees
• Miles are easy to redeem either via partner transfers or by applying against travel purchases
• $95 annual fee
• No introductory APR on purchases or transfers
• Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
• Earn unlimited 2X miles on every purchase, every day
• Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options
• Miles won’t expire for the life of the account and there’s no limit to how many you can earn
• Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
• Enrich every hotel stay from the Lifestyle Collection with a suite of cardholder benefits, like a $50 experience credit, room upgrades, and more
• Transfer your miles to your choice of 15+ travel loyalty programs

Best Credit Cards With Category Bonuses of 2024

Best credit card for groceries, blue cash preferred® card from american express.

Up to 6% Reward Rate

Earn 6% cash back at U.S. supermarkets, on up to $6,000 per year in purchases (then 1%); Earn 6% cash Read More

$0 intro annual fee for the first year, then $95

19.24%-29.99% Variable

Excellent/Good (700 - 749)

The earning rate for grocery spending on the Blue Cash Preferred® Card from American Express is extraordinary and a fast way to earn cash back.

Grocery earnings are the most obvious lure, but the other benefits such as an introductory APR, statement credits and a welcome offer make this cash-back card a winner.

Amex caps your 6% grocery earnings after $6,000 in annual spending, which might not be enough for some customers.

This is a great cash-back card for households with major expenses in groceries, gas and transit.

You’ll have a hard time finding a better cash-back rate on groceries and streaming, and the Disney Bundle credit nearly neutralizes the cost of the annual fee.

• High cash-back rewards in several categories of spending
• No enrollment is required, cash back is automatic
• Comes with several travel benefits and protections
• Charges an annual fee
• 6% cash back at U.S. supermarkets is capped at $6,000 in annual spending (then 1%)
• Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
• $0 intro annual fee for the first year, then $95.
• Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
• Low Intro APR: 0% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% – 29.99%. Variable APRs will not exceed 29.99%.
• 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
• 6% Cash Back on select U.S. streaming subscriptions.
• 3% Cash Back at U.S. gas stations.
• 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
• 1% Cash Back on other purchases.
• Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
• Get up to $120 in statement credits annually when you pay for an auto-renewing subscription to Equinox+ at equinoxplus.com with your Blue Cash Preferred® Card. That’s $10 in statement credits each month. Enrollment required.
• Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Preferred® Card. Enrollment required.

Best Credit Card for Dining

American express® gold card.

Up to 4X Reward Rate

Earn 4X Membership Rewards® points at restaurants, plus takeout and delivery in the U.S.; Earn 4X Membership Rewards® points at Read More

Earn 60,000 points

The American Express® Gold Card provides strong earning rates on restaurant purchases (including most takeout and delivery) and throws in statement credits toward select dining, too.

Few cards offer such high earning rates on both groceries and dining, especially with unlimited earning potential on restaurants worldwide.

The card’s dining credits and Uber Cash are dispensed monthly and expire at the end of the month, which can make them challenging to use.

This card is best for people ordering takeout and delivery and will earn the monthly credits without going out of their way.

This card makes it easy to earn Membership Rewards points while doing regular grocery shopping since the card earns bonus points at supermarkets. And for the nights that cardholders don’t want to cook, they can make use of the monthly dining and Uber credits (which can be used on Uber Eats orders).

• High rewards earnings possibilities
• Points transfer option to many partners
• Add up to 5 authorized users for no additional annual fee
• Can choose from regular or rose gold versions
• No lounge benefits
• Limited options to carry a balance
• High APR for pay over time feature
• High pay over time penalty APR
• Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
• Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
• Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
• $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
• $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
• Get a $100 experience credit with a minimum two-night stay when you book The Hotel Collection through American Express Travel. Experience credit varies by property.
• Choose the color that suits your style. Gold or Rose Gold.
• No Foreign Transaction Fees.
• Annual Fee is $250.

Best Credit Card for Amazon

Up to 5% back

Earn 5% back on purchases at Amazon.com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases with an eligible Read More

Get a $100 Amazon Gift Card

19.49% - 27.49% Variable

Good, Excellent (700 - 749)

The Prime Visa earns competitive rates on Amazon purchases that can’t be matched by other cards.

Cardholders can choose between generous rewards or the opportunity to use equal pay to pay over time without extra fees on select Amazon purchases.

The rewards rate on everyday purchases outside Amazon is not particularly lucrative.

Only Amazon Prime members can get this card. It’s also best for people who shop with Amazon frequently, as the other bonus categories are limited.

The card is a no-brainer for Amazon Prime members. You’ll be hard-pressed to find another card that offers such a great rewards rate on so many different types of purchases.

• 5% cash back on Amazon and Whole Foods purchases
• No spending required for the welcome bonus
• Travel and shopping protections
• Requires an Amazon Prime membership
• No 0% introductory APR
• Low cash back for purchases outside of bonus categories
• Get a $100 Amazon Gift Card instantly upon approval exclusively for Prime members
• Earn unlimited 5% back at Amazon.com, Amazon Fresh, and Whole Foods Market with an eligible Prime membership
• Earn unlimited 5% back on Chase Travel purchases with an eligible Prime membership
• Earn unlimited 2% back at gas stations, restaurants, and on local transit and commuting (including rideshare)
• Earn unlimited 1% back on all other purchases
• No annual credit card fee
• No more waiting. Redeem daily rewards at Amazon.com as soon as the next day

Best Balance Transfer Credit Cards of 2024

Best balance transfer credit card from wells fargo, wells fargo reflect® card.

18.24%, 24.74%, or 29.99% Variable APR

Compared to other cards, the Wells Fargo Reflect® Card has an exceptionally long balance transfer period—both to initiate a transfer and to pay it off without interest.

In addition to an outstanding balance transfer offer, the card also has no annual fee.

Like most balance transfers, this one has a high fee attached to it, so you’ll need to front that cost before taking advantage of the intro APR.

Because the introductory APR offer also extends to new purchases, it’s an easy option for anyone who wants a single payment to cover both balance transfers and ongoing charges.

The Wells Fargo Reflect includes decent auto and theft protection, but the most compelling card benefit is the generous intro balance transfer offer upon account opening.

• Generous introductory APR period for purchases and qualifying balance transfers
• $0 Annual Fee
• No rewards program or welcome bonus

Balance transfer fee: 5%, min: $5

• 3% Foreign transaction fee
• Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
• 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 18.24%, 24.74%, or 29.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate, BT fee of 5%, min: $5.
• $0 Annual Fee.
• Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
• Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It’s an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.

Best Balance Transfer Credit Card From U.S. Bank

U.s. bank visa® platinum card *.

The U.S. Bank Visa® Platinum Card does not offer rewards on purchases.

18.74% - 29.74% (Variable)

Good/Excellent (700 - 749)

With no annual fee and a generously long time to pay down balance transfers, the U.S. Bank Visa® Platinum Card * stands out among the best.

Qualifying cardholders will have nearly two years to pay off balance transfers before interest payments kick in.

All balance transfers are subject to a hefty fee, and this one is no exception.

Anyone looking for an introductory APR offer will find this card attractive, but since there are no rewards, it’s best used as a short-term financial tool.

Build credit easily with the U.S. Bank Visa Platinum, plus take advantage of one of the longest intro balance transfer periods.

• No penalty APR
• Long intro APR period
• Cellphone protection coverage is a handy benefit
• Balance transfer fee applies
• No rewards program
• No welcome bonus
• Foreign transaction fee
• Up to $600 cell phone protection (subject to $25 deductible) against damage or theft when you pay your monthly phone bill with your card. Terms, conditions, and exclusions apply
• Ability to choose a payment due date that fits your schedule
• No annual fee
• Introductory APR offer

Best 0% APR Credit Cards of 2024

Best 0% apr credit card with everyday rewards, citi rewards+® card.

Earn 2X ThankYou® Points per dollar at supermarkets and gas stations for the first $6,000 per year and then 1X Read More

20,000 points

18.74% - 28.74% (Variable)

We chose the Citi Rewards+® Card because the introductory APR extends to new purchases and balance transfers, and there’s no annual fee.

It’s notable to see a cash-back card provide a welcome bonus and an introductory APR to new cardholders. And it comes with other perks, too, including a rebate on redeemed points to stretch your rewards.

The ongoing earning rates on this card are lackluster, with most purchases only earning 1 point per dollar spent.

This card makes sense for someone who already has a credit card that earns Citi ThankYou Points and can combine rewards for additional redemption options.

For those who never carry cash and use their credit card for even the smallest purchases, the “round up” feature of the Citi Rewards+ can quickly add up. But don’t sleep on the card’s 10% rebate on point redemptions up to the yearly cap, either. Take advantage of both of these features, and you’ll soon find yourself with a larger stack of rewards.

• All purchases rounded up to the nearest 10 rewards points.
• 10% points bonus added to the first 100,000 points redeemed annually.
• No rotating categories to manage.
• Foreign transaction fee.
• Potentially high APR depending on your creditworthiness.
• High balance transfer fee
• Annual $6,000 spending cap on 2x points category.
• Earn 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com
• Plus, as a special offer, earn a total of 5 ThankYou® Points per $1 spent on hotel, car rentals and attractions booked on CitiTravel.com through December 31, 2025.
• 0% Intro APR on balance transfers for 15 months from date of first transfer and on purchases from date of account opening. After that, the variable APR will be 18.74% – 28.74%, based on your creditworthiness. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
• Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.
• The Citi Rewards+® Card – the only credit card that automatically rounds up to the nearest 10 points on every purchase – with no cap.
• No Annual Fee

Best Cash-Back Credit Cards of 2024

Best cash-back credit card, chase freedom flex℠.

Up to 5% Reward Rate

Earn 5% cash back in categories that rotate quarterly on up to $1,500 when enrolled, 5% on travel purchased through Read More

20.49%-29.24% Variable

The Chase Freedom Flex℠ offers up to 5% in cash-back earnings without expiration dates or an annual fee.

It’s rare to find 5% rewards on a credit card without an annual fee. Plus, when paired with select Ultimate Rewards® cards, you’ll have access to additional redemption choices.

Elevated earning rates require activation and cap out at $1,500 in spending each quarter.

Customers looking for up to 5% cash back and are willing to track the Freedom Flex bonus categories.

Kudos to Chase for always keeping the rotating categories relevant on the Freedom Flex. From Amazon to PayPal and Starbucks to Walmart, you’re almost guaranteed to find at least one quarter every year (or even several) where the 5 bonus points roll in with almost no effort. Just don’t forget to activate the categories every quarter.

• Rotating quarterly categories earn 5% rewards when activated, up to a combined quarterly $1,500 maximum
• Travel rewards rate rivals some of the best premium travel cards
• Generous rewards rate in several other categories
• Travel bookings must be made through Chase Travel℠ to earn 5% cash back
• Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
• 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
• 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
• 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.
• No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
• 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49%-29.24%.
• No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Flex℠ card
• Keep tabs on your credit health – Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.

Best Airline Credit Cards of 2024

Best midtier airline card, aeroplan® credit card.

Up to 3x Reward Rate

Earn 3x points for each dollar spent on grocery stores, dining at restaurants including takeout and eligible delivery services, and Read More

Earn 70,000 points

21.74% - 28.74% Variable

The Aeroplan® Credit Card includes a long list of benefits for travelers looking to earn or redeem Aeroplan points with a reasonable annual fee.

For an airline card, this one bestows a lot of extras without high fees: benefits while flying, status boosts and even discounts on select awards.

Except for transactions with Air Canada, there are no extra rewards for travel purchases.

You’ll need to be somewhat savvy with miles and points to get the best value when redeeming Aeroplan points.

Chase and Air Canada’s co-branded Aeroplan Credit Card will serve as an excellent companion for frequent flyers of Star Alliance and its carriers from United to Lufthansa as you earn valuable Aeroplan points. Maximize your Aeroplan points and redeem for flights and hotels through an extensive partner network. Enjoy additional points-earning opportunities in key everyday categories.

• Excellent rewards earning
• Travel benefits including perks for Air Canada flyers
• Lacks non-travel related benefits
• Earn 70,000 bonus points
• Earn 70,000 points after you spend $3,000 on purchases in the first 3 months your account is open.
• $95 Annual Fee
• Redeem points for both international and domestic flights with the Aeroplan® Credit Card.
• Fly to another continent and travel the world with the Aeroplan® Credit Card.
• Earn 3X points for each dollar spent at grocery stores, on dining at restaurants, and Air Canada directly. Earn 1X point for each dollar spent on all other purchases.
• 500 bonus points for every $2,000 you spend in a calendar month – up to 1,500 points per month.

Best Rewards for United Flyers

United quest℠ card.

Up to 3X Reward Rate

3 miles per $1 spent on United® purchases. 2 miles per $1 spent on dining, select streaming services & all Read More

Earn 60,000 bonus miles

21.99% - 28.99% Variable

With the United Quest℠ Card , perks extend beyond the basics like free checked bags to include airline statement credits and MileagePlus award rebates for extra value.

Cardholders who make use of the purchase and award flight credits every year effectively even out the cost of the annual fee, making the other benefits a bonus.

Most purchases earn at uninspiring rates, so miles add up slowly.

United flyers looking to earn (or requalify for) elite status are the ideal customers of this card since it allows you to earn Premier qualifying points.

Don’t let the card’s annual fee scare you off. Even if you’re not a frequent flyer, the perks can make this card worth your while, and the rewards rates are better compared to most airline cards.

• $125 annual United purchase credit
• Earn up to two 5,000-mile award flight credits annually
• Two free checked bags for cardholder and a companion traveling on the same reservation
• Earn up to 6,000 Premier Qualifying Points annually
• Primary auto collision damage waiver for eligible rentals
• Checked baggage benefit only applies to one companion
• Earnings for general purchases are only 1 mile per dollar
• Earn 60,000 bonus miles and 500 PQP after qualifying purchases
• Earn 3 miles per $1 spent on United® purchases
• Earn 2 miles per $1 spent on all other travel, dining and select streaming services
• Earn 1 mile per $1 spent on all other purchases
• Free first and second checked bags – a savings of up to $320 per roundtrip (terms apply) – and priority boarding
• Up to a $125 United® purchase credit and up to 10,000 miles in award flight credits each year (terms apply)
• Earn up to 6,000 Premier qualifying points (25 PQP for every $500 you spend on purchases)

Best for Award Flights and British Airways Flyers

British airways visa signature® card.

Earn 85,000 Avios.

The British Airways Visa Signature® Card comes with unique benefits including statement credits toward eligible award bookings to London and discounts on paid flights from the U.S.

British Airways Avios can be an excellent way to book award flights, and this card offers an incredible welcome bonus to get you started.

Unlike most airline cards, this one doesn’t provide any in-flight benefits like free checked bags or priority boarding.

In order to best utilize the discounts and advantages of this card, it’s best for someone traveling with British Airways at least once or twice a year.

Those who spend enough to earn the Travel Together Ticket can get 50% off the price of their award ticket when traveling solo or get a second seat on the same flight and cabin for a companion at no additional cost beyond taxes and fees. Travel Together Tickets are now valid on British Airways, Iberia and Aer Lingus flights and any of their subsidiaries on itineraries from anywhere in the world for both one-way or round-trip flights.

• Generous rewards on eligible flights
• Potential to earn a companion ticket
• Lucrative welcome bonus
• No foreign transaction fee
• Rewards rate poor outside of Avios-earning airlines
• Subject to Chase’s 5/24 rule
• No checked baggage or lounge perks
• Limited time offer! Earn 85,000 Avios after you spend $5,000 on purchases within the first three months of account opening.
• Earn 3 Avios per $1 spent on purchases with British Airways, Aer Lingus, Iberia, and LEVEL.
• Earn 2 Avios per $1 spent on hotel accommodations when purchased directly with the hotel.
• 10% off British Airways flights starting in the US when you book through the website provided in your welcome materials.
• Every calendar year you make $30,000 in purchases on your British Airways Visa card, you’ll earn a Travel Together Ticket good for two years.
• Pay no foreign transaction fees when you travel abroad.
• Simply tap to pay with your contactless British Airways Visa Signature Card. Just look for the contactless symbol at checkout. It’s fast, easy and secure!

Best Hotel Credit Cards of 2024

Best midrange hotel card, ihg one rewards premier credit card.

Up to 26X Reward Rate

Earn up to 26 points total per $1 spent when you stay at IHG Hotels & Resorts; 5 points per Read More

Earn 140,000 bonus points

21.49% - 28.49% Variable

The annual free night certificate and fourth night free on award stays makes the IHG One Rewards Premier Credit Card a fabulous hotel card.

The benefits from this card are easy to use, and the brand’s global footprint means just about any traveler can find an IHG hotel that fits their plans.

Though the award discounts are lucrative, the earning rates are not particularly exciting.

Any traveler staying with IHG once a year will make out ahead with this card.

The IHG One Rewards Premier blows all other mid-tier hotel credit cards out of the water with perks alone. You don’t even have to use the card regularly to offset its annual fee every year.

• Earn up to 26 points per dollar spent on IHG hotels worldwide
• Free night award every account anniversary
• Fourth night free on point redemption stays
• Automatic Platinum Elite status
• Poor earnings for everyday and non-category hotel purchases
• Low overall point value
• No worthwhile redemption options outside of IHG properties
• Earn 140,000 Bonus Points
• Enjoy an Anniversary Free Night at IHG Hotels & Resorts. Plus, enjoy a fourth reward night free when you redeem points for a consecutive four-night IHG® hotel stay.
• Earn up to 26 total points per $1 spent when you stay at IHG Hotels & Resorts
• Earn 5 points per $1 spent on purchases on travel, at gas stations, and restaurants. Earn 3 points per $1 spent on all other purchases
• Automatic Platinum Elite status as long as you remain a Premier cardmember
• Global Entry, TSA PreCheck® or NEXUS Statement Credit of up to $100 every 4 years as reimbursement for the application fee charged to your card
• IHG One Rewards Bonus points are redeemable at Hotels & Resorts such as InterContinental®, Crowne Plaza®, Kimpton®, EVEN® Hotels, Indigo® Hotels & Holiday Inn®

Best for Luxury Hotel Stays

The world of hyatt credit card.

Up to 9X Reward Rate

Earn up to 9 points total per $1 spent at Hyatt - 4 bonus points per $1 when you use Read More

Up to 60,000 Bonus Points

21.49% - 28.49% variable

On top of providing a free night each year, The World of Hyatt Credit Card makes it easier to earn World of Hyatt points and get closer to earning elite status at a much-loved brand.

There aren’t many options to earn World of Hyatt points from credit cards, so this one stands out as an easy way to bolster your account balance.

The card only provides low-tier Discoverist status, which doesn’t include breakfast or suite upgrades.

You need to be a Hyatt loyalist to be a good fit for this card since several of the benefits (including the ability to earn tier-qualifying nights) aren’t relevant to a casual traveler.

For many Hyatt loyalists, earning Globalist status each year is a priority and this card can help them get there faster by providing five elite night credits annually. Plus the complimentary yearly certificate for a category 1 to 4 Hyatt hotel counts toward elite status too and can offset the card’s annual fee.

• Annual free night certificate on cardmember anniversary
• Complimentary World of Hyatt Discoverist status
• High points redemption values
• Limited number of properties
• No worthwhile redemption options aside from Hyatt properties
• Earn 30,000 Bonus Points after you spend $3,000 on purchases in your first 3 months from account opening. Plus, up to 30,000 More Bonus Points by earning 2 Bonus Points total per $1 spent in the first 6 months from account opening on purchases that normally earn 1 Bonus Point, on up to $15,000 spent.
• Enjoy complimentary World of Hyatt Discoverist status for as long as your account is open.
• Get 1 free night each year after your Cardmember anniversary at any Category 1-4 Hyatt hotel or resort
• Receive 5 tier qualifying night credits towards status after account opening, and each year after that for as long as your account is open
• Earn an extra free night at any Category 1-4 Hyatt hotel if you spend $15,000 in a calendar year
• Earn 2 qualifying night credits towards tier status every time you spend $5,000 on your card
• Earn up to 9 points total for Hyatt stays – 4 Bonus Points per $1 spent at Hyatt hotels & 5 Base Points per $1 from Hyatt as a World of Hyatt member
• Earn 2 Bonus Points per $1 spent at restaurants, on airline tickets purchased directly from the airlines, on local transit and commuting and on fitness club and gym memberships

Best Student Credit Cards of 2024

Best student card, discover it® student cash back.

Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, Read More

Cashback Match™

18.24% - 27.24% Variable APR

Fair/New to Credit

Students can earn cash back at elevated rates on rotating categories with the Discover it® Student Cash Back and get access to a first-year welcome offer with no annual fee.

It’s a beginner card with advanced benefits. The structure of this card is one even long-time credit card users would be happy with.

Cardholders need to activate 5% rates and watch for the $1,500 earning limit on rotating quarterly bonus categories to get the best rewards.

College students who can keep track of quarterly bonus categories.

An engaging and fun student credit card, the Discover it® Student Cash Back combines useful benefits for cardholders to learn about building credit history while earning extra cash back each quarter on select categories.

• 5% cashback on rotating bonus categories after enrollment
• First-year cash-back match
• 5% bonus cashback rate is limited to $1,500 per quarter in spending
• Bonus categories must be activated quarterly
• Low 1% base reward rate
• INTRO OFFER: Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 cash back into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
• Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.
• Redeem your rewards for cash at any time.
• No credit score required to apply.
• Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
• No annual fee and build your credit with responsible use.
• 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 18.24% – 27.24% applies.
• Terms and conditions apply.

Best Intro APR Student Card

Bank of america® customized cash rewards credit card for students.

Choose your 3% category

Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to Read More

$200 cash rewards bonus

19.24% - 29.24% Variable APR on purchases and balance transfers

The Bank of America® Customized Cash Rewards credit card for Students offers a generous intro APR period, which is good on both new purchases and balance transfers. It even provides a reduced balance transfer fee to new cardholders.

Students can pick which purchase category they want to earn maximum rewards in—and change their selection up to once a month—which makes it incredibly flexible.

You’ll need to keep a close eye on details with this card. There are earning limits on your bonus cash rewards, deadlines for the introductory APR and different schedules for the welcome bonus.

This card is best for students who want an intro APR for new purchases, balance transfers or both.

This card offers valuable cash-back rewards to responsible students with good to excellent credit. The savviest cardholders will pay close attention to their top spending category to maximize their quarterly 3% cash back option.

• Free FICO® Score access
• Intro APR offer with a generous term
• Competitive cash-back reward rates
• Solid welcome bonus
• 3% foreign transaction fee
• Higher penalty APR applies to late payments
• $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
• Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
• Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishings purchases.
• No annual fee and cash rewards don’t expire as long as your account remains open.
• 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 19.24% – 29.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
• When handled responsibly, a credit card can help you build your credit history, which could be helpful when looking for an apartment, a car loan, and even a job. Access your FICO® Score for free within Online Banking or your Mobile Banking app.
• Contactless Cards – The security of a chip card, with the convenience of a tap.
• This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Best Credit Cards for Customers With Fair Credit of 2024

Best cash-back card for fair credit, citi custom cash® card.

5% cash back on up to $500 in purchases in your top eligible spend category each billing cycle. 4% cash Read More

19.24% - 29.24% (Variable)

Excellent, Good, Fair

You can earn cash-back rewards at strong rates without an annual fee or the need for a perfect credit score, thanks to the Citi Custom Cash® Card .

The chance to earn 5% cash back is impressive on any card. This one dishes your rewards automatically without enrollments or activations.

There’s a low spending limit of only $500 per billing cycle on your elevated earning category.

This is a solid card for anyone with Excellent, Good, Fair credit since it provides cash back (at any rate) without an annual fee.

If you’ve always wanted a credit card that adapts to your lifestyle instead of you having to adapt to it, you’ve found what you’re looking for with the Citi Custom Cash. You’ll never have to worry again about making sure you’re earning bonus points at the places you shop the most, because this card will automatically do it for you — even if those places change every month.

• No registration required to earn bonus rewards
• Cash-back categories are unique categories that other cards may not offer bonus rewards for
• Introductory APR on purchases and balance transfers
• High foreign transaction fee
• Some everyday rewards categories are neglected
• Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
• 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 19.24% – 29.24%, based on your creditworthiness.
• Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases. Special Travel Offer: Earn an additional 4% cash back on hotels, car rentals, and attractions booked on Citi Travel℠ portal through 6/30/2025.
• No rotating bonus categories to sign up for – as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.
• Citi will only issue one Citi Custom Cash® Card account per person.

Best Credit Cards for Customers With Bad or No Credit of 2024

Best secured card for no credit, discover it® secured credit card.

Up to 2% Reward Rate

Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus Read More

28.24% Variable APR

New/Rebuilding Credit

As one of the few secured cards to offer reasonable cash-back rewards on every purchase, the Discover it® Secured Credit Card stands out as an option that doesn’t make you feel like you’re missing out.

Discover conducts automatic monthly account reviews after your first seven months to determine if your security deposit can be returned.

Your initial credit line will be equal to your security deposit, which must be a minimum of $200 or a maximum of $2,500. This could be limiting for some customers.

This card is best for someone dedicated to rebuilding their credit—it encourages responsible usage and even rewards you for your spending.

No credit history required, the Discover it® Secured Credit Card offers one of the best credit cards for building or rebuilding a healthy credit history, while earning cash back in select everyday categories.

• Cash back rewards earning is uncommon for a secured card
• Free FICO score access each month
• Cashback Match doubles cash back rewards earning at the end of the first year
• Bonus category rewards are capped
• Secured cards don’t provide many of the perks unsecured cards do
• Secured cards require refundable deposits
• No Annual Fee, earn cash back, and build your credit history.
• Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
• Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
• Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases.
• Get an alert if we find your Social Security number on any of thousands of Dark Web sites. Activate for free.

Best Secured Card for Bad Credit

First progress platinum prestige mastercard® secured credit card.

1% Cash Back

• 1% Cash Back Rewards on payments

15.24% (Variable)

Poor/Limited/No Credit

The First Progress Platinum Prestige Mastercard® Secured Credit Card offers a second chance to someone with damaged credit and charges lower interest rates than most other options.

You can earn cash-back rewards on every purchase, even if you have poor, limited or no credit.

The card charges an annual fee, a deterrent for such a basic card.

We’d recommend this card to someone who needs a card to build their credit score and doesn’t qualify for unsecured cards on the market.

The First Progress Platinum Prestige Mastercard Secured Credit Card provides a clear path towards a healthy credit history including cash-back incentives for on-time payments.

• Reports to all three major credit bureaus
• Lower than average standard APR
• May be an option for those with bad credit seeking an approval
• $49 annual fee
• Deposit required
• Choose your own credit line – $200 to $2000 – based on your security deposit
• Build your credit score. Reports to all 3 credit bureaus
• No minimum credit score required for approval!
• Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.

Here's a Summary of the Best Credit Cards of 2024

Overview of the best credit cards of 2024, best entry-level travel card: chase sapphire preferred® card.

If you want to get started with transferable points, but the annual fees of top-tier cards deter you, the Chase Sapphire Preferred® Card is the place to start.

Rewards: Earn 5 points per dollar on travel purchased through Chase Travel℠, 3 points per dollar on dining, select streaming services, and online grocery purchases (excluding Walmart, Target and wholesale clubs), 2 points per dollar on all other travel purchases and 1 point per dollar on other purchases.

Welcome offer: Earn 75,000 bonus points after spending $4,000 on purchases in the first three months from account opening.

Annual fee: $95

Other benefits and drawbacks: Chase Ultimate Rewards® are both flexible and valuable, which is why the Chase Sapphire Preferred® Card makes our list. You have the ability to transfer Ultimate Rewards to a variety of airline frequent flyer programs and hotel chains, such as United Airlines and Hyatt or make reservations without restrictions at a rate of 1.25 cents per point in the Chase travel portal. The Chase Sapphire Preferred® Card also offers comprehensive travel protections, though they’re not quite as good as the Chase Sapphire Reserve®’s coverage. To learn more about the myriad benefits of this card, see our list of Chase Sapphire Preferred benefits .

Best Flexible Rewards Card: Capital One Venture X Rewards Credit Card

The Capital One Venture X Rewards Credit Card ( rates & fees ), offers benefits similar to other premium travel rewards cards with a lower annual fee—making this card a lucrative option for even the occasional traveler.

Rewards: Earn 2 miles per dollar on all eligible purchases, 5 miles per dollar on flights booked through Capital One Travel, 5 miles per dollar on Capital One Entertainment purchases through 12/31/25 and 10 miles per dollar on hotels and rental cars when booking via Capital One Travel.

Welcome offer: Earn 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening.

Annual fee: $395

Other benefits and drawbacks: In addition to the ability to earn solid rewards, the Capital One Venture X Rewards Credit Card offers $300 back annually as credits for bookings through Capital One Travel and 10,000 bonus miles on each card anniversary. Cardholders can also transfer their Capital One Miles to 15-plus travel partners.

Cardholders receive a Priority Pass lounge membership, access to Capital One lounges and a Global Entry or TSA PreCheck® application fee credit after paying for the application fee with the card.

Best Credit Card for Travel Insurance: Chase Sapphire Reserve®

In addition to offering the ability to earn valuable Ultimate Rewards points, the Chase Sapphire Reserve® offers best-in-class travel protections including trip cancellation and interruption insurance , trip delay insurance , lost baggage and baggage delay insurance, primary rental car insurance and more.

Rewards: Earn 5 points per dollar on flights and 10 points per dollar on hotels and car rentals when purchasing travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases.

Annual fee: $550

Other benefits and drawbacks: This premium rewards card comes with up to $300 in travel credits that are applied automatically when you make qualifying purchases. It also offers the ability to enroll in a complimentary Priority Pass Select airport lounge membership.

Chase Ultimate Rewards® points are transferable to a large number of travel partners, including United Airline MileagePlus , Southwest and World of Hyatt . Points are redeemable on Chase’s travel portal where they’re worth 1.5 cents each. Read our guide on Chase Sapphire Reserve benefits to learn more.

Best Credit Card for Luxury Travel and Lifestyle Benefits: The Platinum Card® from American Express

If you’re after a luxury travel experience, The Platinum Card® from American Express (terms apply, see rates & fees ) is a fantastic choice. Airport lounge access, elite status with hotels and rental car programs and premium-class discounts are just a few of the perks.

Rewards: Earn 5 Membership Rewards Points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year, 5 points per dollar on prepaid hotels booked with American Express Travel and 1 point per dollar on other eligible purchases.

Welcome offer: Earn 80,000 Membership Rewards Points after spending $8,000 on eligible purchases on the card in the first 6 months of card membership.

Annual fee: $695

Other benefits and drawbacks: Cardholders also receive up to $200 in airline incidental statement credits with the eligible airline they select each year (enrollment required), up to $200 toward select hotel bookings with Amex Travel, plus other credits and discounts to programs that may enhance your travel experience including TSA PreCheck, Global Entry, CLEAR® Plus and Uber. There are also hundreds of dollars in potential statement credits with other partnering lifestyle brands.

Best Flat-Rate Rewards Credit Card: Capital One Venture Rewards Credit Card

No rewards categories to remember, versatile rewards (including the ability to transfer to travel partners ) and a reasonable annual fee? That’ll be the Capital One Venture Rewards Credit Card ( rates & fees )—also known as the more approachable sibling of the Venture X.

Rewards: Earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel, 5 miles per dollar spent on Capital One Entertainment purchases through 12/31/25 and an unlimited 2 miles per dollar spent on other purchases.

Welcome offer: Earn 75,000 miles once you spend $4,000 on purchases within 3 months from account opening.

Other benefits and drawbacks: The Venture Rewards charges no foreign transaction fees and offers travel protections and extended warranty on eligible purchases. There’s also a credit up to $100 every four years for TSA PreCheck® or Global Entry that’ll put you ahead the year you use it. As with the Venture X, the rewards you earn with the Venture Rewards card can be transferred to any of Capital One’s travel partners to help you find sweet spot redemptions .

Best Credit Card for Groceries: Blue Cash Preferred® Card from American Express

If you have a large grocery bill, the Blue Cash Preferred® Card from American Express (terms apply, see rates & fees ) is one of the most rewarding cards out there—as long as you don’t go over the spending cap. The card is also rewarding for carpoolers and road trippers, offering elevated cash back at gas stations.

Rewards: Earn 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more) and 1% cash back on other eligible purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.

Welcome offer: Earn a $250 statement credit after spending $3,000 in purchases within the first 6 months.

Annual fee: $0 intro annual fee for the first year, then $95

Other benefits and drawbacks: In addition to amped-up earnings on groceries, you get access to Amex Offers . The offer savings could add up quickly as long as you remember to activate and use them. Cardholders also can earn statement credits by using their card to pay for The Disney Bundle streaming package and Equinox+ memberships (enrollment required). Learn more about Amex Blue Cash Preferred benefits in our guide.

Best Credit Card for Dining: American Express® Gold Card

The American Express® Gold Card (terms apply, see rates & fees ) is the ultimate card for foodies because of extra rewards for dining at restaurants worldwide and shopping at U.S. supermarkets (up to $25,000 per year). If you spend a lot in either category, it’s hard to top this one.

Rewards: Earn 4 Membership Rewards® points per dollar at restaurants, plus takeout and delivery in the U.S., 4 Membership Rewards® points per dollar at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1 point per dollar), 3 Membership Rewards® points per dollar on flights booked directly with airlines or through American Express travel and 1 point per dollar on other eligible purchases.

Welcome offer: Earn 60,000 Membership Rewards points after spending $6,000 on purchases in the first 6 months of card membership.

Annual fee: $250

Other benefits and drawbacks: You’ll get up to $120 in dining credits each year and up to $120 in Uber Cash (which you can use for Uber Eats), both broken into $10 per month when you enroll. That nearly covers the annual fee, then you can save more with no foreign transaction fees and access to Amex Offers .

Best Credit Card for Amazon: Prime Visa

If you’re a Prime member who does a lot of shopping with Amazon or other companies in the Amazon ecosystem, the Prime Visa will reward you handsomely for those purchases.

Rewards: Earn 5% back on purchases at Amazon.com, Amazon Fresh, Whole Foods Market and on Chase Travel purchases with an eligible Prime membership, 2% back at gas stations, restaurants and on local transit and commuting (including rideshare), and 1% back on other purchases.

Welcome offer: Get a $100 Amazon gift card upon approval with an eligible Prime membership.

Annual fee: $0

Other benefits and drawbacks: If you’re not a regular Amazon or Whole Foods shopper, this card probably doesn’t make sense for you. The $139 cost of Prime membership effectively acts as an annual fee. But if you’re already a member, the card has no additional cost to carry. You can redeem rewards as an Amazon credit with no minimum. However, you can also redeem your cash back as a statement credit or direct deposit to an eligible checking or savings account.

Best Balance Transfer Credit Card From Wells Fargo: Wells Fargo Reflect® Card

The Wells Fargo Reflect® Card has a $0 annual fee and new cardholders get an exceptional introductory period to pay down balances. Just remember that you only have 120 days from account opening to make the transfer before a higher balance transfer APR kicks in.

Balance transfer offer: 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. A 18.24%, 24.74%, or 29.99% variable APR applies thereafter. Balance transfers made within 120 days qualify for the intro APR and a balance transfer fee of 5%, min $5 applies.

Other benefits and drawbacks: The card also comes with up to $600 in cellphone protection when you pay your monthly bill with the card (subject to a $25 deductible) and access to My Wells Fargo Deals as well as pay-per-use roadside dispatch services.

Best Balance Transfer Credit Card From U.S. Bank: U.S. Bank Visa® Platinum Card *

The U.S. Bank Visa® Platinum Card * has a long 0% intro APR period: We’re talking nearly two full years. The intro offer also includes purchases, which means you can take your time repaying a large purchase.

Balance transfer offer: 0% intro APR on purchases and balance transfers for 21 billing cycles, followed by a variable APR of 18.74% - 29.74%. A balance transfer of 5% of the amount of each transfer or $5 minimum, whichever is greater, applies.

Balance transfer fee: 5% of the amount of each transfer or $5 minimum, whichever is greater

Other benefits and drawbacks: Extra benefits are scant, but the potential interest savings can be plenty for most. You’ll also get up to $600 in cellphone protection for damage or theft when you pay your monthly bill with the card and ID Navigator Powered by NortonLifeLock to protect against identity theft.

Best 0% Intro APR Credit Card With Everyday Rewards: Citi Rewards+® Card

The intro APR offer on the Citi Rewards+® Card stands out because it applies to both new purchases and balance transfers. Decent rewards for everyday spending and a welcome bonus are other reasons to consider this card.

Intro APR offer: 0% intro APR on balance transfers for 15 months from date of first transfer and on purchases from date of account opening. After that, the variable APR will be 18.74% - 28.74%, based on your creditworthiness. An intro balance transfer fee of either 3% of each transfer or a minimum amount of $5 within the first 4 months of account opening applies. After that, the amount of each balance transfer will be 5% of each transfer (minimum $5) applies.

Rewards: Earn 2 ThankYou Points per dollar at supermarkets and gas stations for the first $6,000 in spending per year and 1 ThankYou Point per dollar on other eligible purchases, plus 5 ThankYou® Points per dollar on hotel, car rentals and attractions booked on CitiTravel.com through December 31, 2025.

Welcome offer: Earn 20,000 bonus points after spending $1,500 in purchases within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com.

Other benefits and drawbacks: With the Citi Rewards+® Card, you can earn rewards after the long intro APR period is over. The chance to earn 5 points per dollar on hotels, rental cars and activities booked through Citi through December 31, 2025 is particularly nice if you have upcoming travel plans.

Best Cash-Back Credit Card: Chase Freedom Flex℠

When paired with another Chase Ultimate Rewards®-earning card like the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® or Ink Business Preferred® Credit Card, the Chase Freedom Flex℠ can earn powerful points. Even as a standalone cash-back card, it’s tough to beat, considering it also has no annual fee.

Rewards: Earn 5% cash back on up to $1,500 in combined purchases in categories that rotate quarterly (requires activation), 5% cash back on travel purchased through Chase Travel℠, 3% cash back on dining and drugstores and 1% cash back on all other purchases.

Welcome offer: Earn a $200 bonus after spending $500 on purchases in the first 3 months from account opening.

Other benefits and drawbacks: The Chase Freedom Flex℠ packs a huge punch for a card without an annual fee. The biggest downside to this card? You’ll have to remember to activate the quarterly bonus categories and the rotating categories have a $1,500 cap. This card does charge a foreign transaction fee, so it is not a good choice if you plan to travel abroad.

Best Midtier Airline Card: Aeroplan® Credit Card

The Aeroplan® Credit Card may seem an odd choice for U.S.-based flyers, but the card benefits not only Air Canada flyers—its Aeroplan points can be used to book United and other Star Alliance award flights. And its earning categories are among the best in class for daily spending.

Rewards: Earn 3 points per dollar spent on dining, takeout and eligible delivery services, grocery stores and each dollar spent directly with Air Canada including vacations and cruises and 1 point per dollar for all other eligible purchases.

Welcome offer: Earn 70,000 bonus points after spending $3,000 on purchases in the first 3 months of account opening.

Other benefits and drawbacks: The Aeroplan card comes with the Air Canada benefits you expect from an airline card like a free first checked bag, but adds access to reduced fee award redemptions, meaning you can stretch your miles as well as bump up your earnings. It also has a comprehensive set of travel insurances, auto rental coverage and purchase protection. In addition to having the opportunity to earn the welcome bonus, new cardmembers receive automatic 25K elite status for the remainder of the calendar year plus the following year.

Best Rewards for United Flyers: United Quest℠ Card

If you fly United with any regularity, the United Quest℠ Card could easily make sense. The annual fee is easy to justify if you can use the perks, which are focused on United travel.

Rewards: Earn 3 miles per dollar on United® purchases, 2 miles per dollar on dining, select streaming services and all other travel and 1 mile per dollar on all other purchases.

Welcome offer: Earn 60,000 bonus miles and 500 Premier qualifying points after spending $4,000 on purchases in the first 3 months.

Other benefits and drawbacks: The flagstone benefits are up to $125 in statement credits each anniversary year when you charge your United flights to the card and up to 10,000 miles back when you book United award flights, each year starting with your first card anniversary. You’ll also get your first and second bags checked for free when flying United, priority boarding, 25% savings on in-flight purchases and premier upgrades on award tickets.

Best for Award Flights and British Airways Flyers: British Airways Visa Signature® Card

Savvy travelers know that British Airways Avios , which the British Airways Visa Signature® Card earns, offer the chance to book award flights on partner airlines like American Airlines, Alaska Airlines, Cathay Pacific and Qantas. That makes the card worth considering for many travelers—and add extra consideration if you fly British Airways.

Rewards: Earn 3 Avios per dollar on purchases with Iberia, British Airways, Aer Lingus, and LEVEL, 2 Avios per dollar on hotel accommodations when purchased directly with the hotel and 1 Avios per dollar on all other purchases.

Welcome offer: Earn 85,000 Avios after spending $5,000 on purchases in the first three months of account opening.

Other benefits and drawbacks: Most of the benefits are for travel on British Airways, like 10% off British Airways flights from the U.S., up to $600 in statement credits per year to offset notoriously expensive reward flights to London and a Travel Together Ticket to bring a companion with you for no extra points or to get half off the points price of an award flight when you spend $30,000 on the card in a calendar year.

Best Midrange Hotel Card: IHG One Rewards Premier Credit Card

The annual free night award alone is a compelling reason to get the IHG One Rewards Premier Credit Card , though that’s just the beginning of benefits included.

Rewards: Earn up to 26 points per dollar spent when you stay at IHG Hotels & Resorts, 5 points on travel, gas stations, and restaurants and 3 points on all other purchases.

Welcome offer: Earn 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening.

Annual fee: $99

Other benefits and drawbacks: Sure, you’ll earn IHG One Rewards points on every purchase with this card, but it’s really more about the benefits. The card provides automatic Platinum Elite status and all the perks that come with it. But cardholders also have access to a fantastic discount when booking reward stays—the fourth consecutive night is free when you pay with points for the first three nights. Cardholders also receive a bonus $100 statement credit and 10,000 bonus points when they spend $20,000 on their card in a calendar year.

Best for Luxury Hotel Stays: The World of Hyatt Credit Card

Hyatt has some of the most luxurious hotels around the world, and it maintains reasonable award rates. That means you can splurge on an expensive stay—or save on longer stays at cheaper hotels.

Rewards: Earn 9 points total per dollar spent at Hyatt - 4 bonus points per dollar spent at Hyatt hotels and 5 base points per dollar from Hyatt as a World of Hyatt member. Earn 2 bonus points per dollar spent at restaurants, on airline tickets purchased directly from the airlines, on local transit and commuting and on fitness club and gym memberships and 1 point per dollar on all other eligible purchases.

Welcome offer: Earn 30,000 bonus points after spending $3,000 on purchases in the first 3 months of account opening, plus up to 30,000 more bonus points by earning 2 bonus points per dollar spent in the first 6 months on purchases that normally earn 1 bonus point on up to $15,000 spent.

Other benefits and drawbacks: The annual free award night is valid at any Category 1 through 4 hotel—and you can get another one for spending $15,000 on the card in a calendar year. That can cover the annual fee on its own—and you’ll also get Discoverist elite status and five elite-qualifying night credits each year just for having the card. It’s also one of the few cards that offers bonus rewards on fitness and gym memberships.

Best Student Card: Discover it® Student Cash Back

The Discover it® Student Cash Back offers a unique combination of strong earning rates and a welcome bonus not typically seen in student cards. If leveraged properly, cardholders can earn some serious cash back.

Rewards: Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations and more, up to the quarterly maximum once activated. Plus, automatically earn unlimited 1% cash back on all other purchases.

Welcome offer: Earn Unlimited Cashback Match™ - Discover will match all the cash back you’ve earned at the end of your first year. There's no minimum spending or maximum rewards.

Other benefits and drawbacks: Discover is not as widely accepted as Mastercard, Visa or even American Express so keep that in mind if you plan to use this card overseas. This can be especially troublesome for students who travel or study abroad. The quarterly bonus categories may or may not fit how you spend, meaning you might not maximize your earning potential every single quarter, and you need to remember to activate the bonus each quarter.

Best Intro APR Student Card: Bank of America® Customized Cash Rewards credit card for Students

Students looking to take control of their credit will also appreciate the chance to control their rewards potential. The Bank of America® Customized Cash Rewards credit card for Students lets you choose which category you’re handsomely rewarded in.

Rewards: Earn 3% cash back in the category of choice and an automatic 2% at grocery stores and wholesale clubs. Bonus earning is limited to the first $2,500 in the 3% and 2% categories combined each quarter. Earn an unlimited 1% on all other purchases.

Welcome offer: Earn a $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening.

Other benefits and drawbacks: New cardholders can get a 0% introductory APR for 15 billing cycles on purchases and balance transfers made in the first 60 days, after that a variable APR of 19.24% - 29.24% applies. There's a 3% balance transfer fee for 60 days from account opening, then 4%. This makes it a solid option if you have some big one-time expenses coming up and you’d like to have extra time to pay them off.

Best Cash-Back Card for Fair Credit: Citi Custom Cash® Card

You don’t need great credit to be considered for approval on the Citi Custom Cash® Card , which offers rewards that would appeal to nearly anyone for no annual fee.

Rewards: Earn 5% cash back on purchases in a top eligible spend category up to the first $500 spent each billing cycle, 4% cash back on hotels, car rentals, and attractions booked on Citi Travel℠ portal through 6/30/2025 and 1% cash back on all other purchases.

Welcome offer: Earn $200 in cash back after spending $1,500 on purchases in the first 6 months of account opening. The bonus points come in the form of 20,000 ThankYou® Points that can be redeemed for $200 cash back.

Other benefits and drawbacks: The 5% rewards on the Custom Cash are automatic, with no enrollments or activations required. That should boost your rewards potential since there’s no room for human error. Unfortunately, those rewards are capped at only $500 in spending per billing cycle. New cardholders can make up for that shortfall with a welcome bonus and intro APR offer: 0% introductory APR for 15 months from date of account opening on purchases and from date of first transfer for balance transfers completed within 4 months of account opening. After that, the variable APR will be 19.24% - 29.24%, based on creditworthiness. There is also a balance transfer fee of 5% of each balance transfer; $5 minimum.

Best Secured Card for No Credit: Discover it® Secured Credit Card

If you’re new to credit or have made credit mistakes in the past, you may need a secured card to help build or rebuild your credit. In exchange for a security deposit, Discover will provide you with an equal credit line if you are approved. Most secured credit cards do this, but the Discover it® Secured Credit Card adds rewards to the mix.

Rewards: Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases.

Welcome offer: Earn Unlimited Cashback Match™ - Discover will automatically match all the cash back earned at the end of the first year.

Other benefits and drawbacks: You can have a maximum of a $2,500 credit limit by putting down a $2,500 deposit. Discover will review your account to see if you qualify to upgrade to an unsecured card or get your security deposit back starting at seven months. Like any good secured card, the Discover it® Secured Credit Card reports to all three major credit bureaus .

Best Secured Card for Bad Credit: First Progress Platinum Prestige Mastercard® Secured Credit Card

There’s an annual fee with the First Progress Platinum Prestige Mastercard® Secured Credit Card , but you can earn rewards on payments. More importantly, you can rebuild your credit—and that’s a reward unto itself.

Rewards: Earn 1% cash back on payments.

Welcome offer: This card does not offer a welcome bonus.

Annual fee: $49

Other benefits and drawbacks: There’s no minimum credit score requirement to apply. The ongoing APR is also on the lower side. If you have damaged credit, this is a way to get back in the game.

Methodology

Forbes Advisor evaluates over 300 credit cards in 2024 within their respective categories, including cash-back credit cards, travel cards, flexible rewards cards, business credit cards, student cards and cards with 0% APR offers.

For each card, we gathered information that potential cardholders would use in their decision-making process, including:

• Annual fees
• Reward earning rates and values
• Welcome bonuses
• Interest rates and/or promotions
• Card benefits, credits and perks
• Consumer protections

Cards are weighed against others in their category according to which card characteristics are most important within that category. These scores allowed us to rank them based on their terms and features and select the best credit cards of 2024 for this list.

Read more: How Forbes Advisor rates credit cards

Complete Guide to Credit Cards

Best credit card deals right now, a beginner’s guide to credit cards, what credit card should i get, types of credit cards, how to choose a credit card, how many credit cards should i have, how to get the most from your credit card, credit card companies, credit cards in the news, frequently asked questions (faqs), next up in credit cards.

If you’re looking for a new credit card this week, you may want to know which credit cards have the highest-value welcome bonuses right now. This week, these cards have the highest credit card offers by category. Keep in mind that annual fees and additional benefits will vary, often significantly, so weigh the pros and cons of a particular card beyond just the bonus before you apply.

Up-to-date as of May 1, 2024.

Methodology for Evaluating the Best Credit Card Welcome Offers

The best credit card deals for the week of May 1, 2024 were chosen based on the value of the welcome bonus, taking into account Forbes Advisor’s points and miles valuations for airline and hotel programs. Conduct informed research before deciding which cards will help you achieve your financial goals.

How Do Credit Cards Work?

A credit card can be used to make a purchase of goods or services in-person or online. When you apply for and are approved for a credit card, you’re given a line of credit based on your credit score and other factors like your income.

A potential advantage to using a credit card over paying cash or a debit card is that a credit card functions like a short-term loan. By using a credit card, you have until the end of the credit card billing period (also known as a grace period ) to pay what you charged to the card. You can also earn cash-back or travel rewards with some types of cards, along with extras like purchase and travel protections. The downside is that if you don’t pay the entire amount that you charged to your card, you’ll accrue interest on your purchases which can be expensive over time.

Learn more about how to use credit cards .

How To Apply for a Credit Card

For most cards, there are several easy steps to apply for a card and be approved:

• Check your credit score – This helps narrow down which cards may be applicable to your situation.
• Check for preapproval or prequalification – Not all cards offer prequalification tools, but it can help to double check your odds of approval before applying.
• Compare credit card offers – With hundreds of cards to choose from, you’ll want to ensure you’re picking the best card for your needs.
• Fill out an application – Most people choose to do this online. You’ll just need some basic information, such as your social security number and income.
• Submit your application and wait for a decision – Some credit cards provide instant approval though in some cases it may take longer.
• Get your card in the mail – This may take up to 7-10 business days, though several cards provide immediate access to virtual numbers for online shopping.

Learn more about how to get a credit card .

How Do Credit Card Points Work?

When you make a purchase on a rewards credit card, you’ll earn a percentage back on your spending as either cash back, points or miles. The exact amount earned and type of rewards depends on the specific credit card you’re using. Points are usually added to your account balance once per month, after your billing statement closes. Once the rewards are in your account, you can redeem them for options such as statement credits, award travel or gift cards.

Since there are many types of credit card points—and countless earning structures—there’s a lot to consider when choosing a card. Learning how credit card points work can help you find the right card for your preferred rewards.

How To Maximize Credit Card Rewards

Maximizing credit card rewards can be done both while earning and redeeming.

To maximize the number of credit card rewards you earn, choose a credit card that offers strong earnings on the types of purchases you make most. Cards with category bonuses in groceries, gas or travel might allow you to earn 3% or more on eligible purchases. If your purchases are all over the place, you may do best with a flat-rate 2% cash-back card.

You can also maximize the value of your credit card rewards when redeeming rewards. Most importantly, you should focus on rewards that match your goals—whether that’s airline miles, flexible points, cash back or other rewards. Then, compare redemption options to see if any in particular are worth more. The best redemptions typically yield a minimum of 1 cent per point.

Ask an expert

What’s an important consideration if you’re trying to maximize your credit card rewards?

Becky Pokora

Credit Cards Writer

Julian Kheel

Credit Cards Expert

Clint Proctor

Credit Cards Lead Editor

Don’t go overboard trying to optimize all your purchases. It can be tempting to maximize every type of purchase, but getting an extra 1% back on a category you only spend $500 per year will only put an extra $5 in your pocket. Focus on your major expenses and use a flat-rate card for everything else.

If you’re already carrying a balance on your credit card, the interest you’re paying each month on your debt is much higher than the value of any credit card rewards you’ll earn. So you’ll want to prioritize getting yourself out of that debt first by looking at the sections of this guide covering balance transfer credit cards instead of focusing on the cards that earn travel or cash back rewards. Then once your debt is under control, you can take a closer glance at the rewards side of the equation.

When you’re trying to maximize credit card rewards that come in the form of points, it’s important to consider the value per point that you would get from a redemption. A good baseline redemption value is 1 cent per point, in which case 10,000 points equals $100 in value. But by learning the sweet spots of your card’s rewards program you may be able to find better redemptions, even up to 2 cents per point or more. Some cards also give you the option to transfer your points to airline or hotel partners that are known for offering high-value redemptions.

How Does Credit Card Interest Work?

Most credit cards calculate interest using the average daily balance method:

• Average daily balance method: Your credit card balance is multiplied by the card’s specified daily interest rate each day, then each day’s interest amount is added together for a monthly charge.

How To Calculate Credit Card Interest

The daily rate of interest is determined by dividing your card’s APR by 365 to find the daily rate of interest and then multiplying that number by your balance. For example, to determine the average daily balance on a card with a $10,000 balance on the first day of the billing cycle and an APR of 17%, you’d divide 17 by 365, which equals a daily rate of 0.0466%. This means the next day, your card would have a balance of $10,004.66, which is what you get when you multiply the balance of $10,000 by 1.000466.

Since the average daily balance is compounded, each day’s credit card interest calculation gets a little more expensive.

APR vs. APY vs. Interest

It’s important to understand the difference between APR and APY .

APR stands for annual percentage rate and refers to the amount of interest you’d pay on a credit card balance or other line of credit over the course of a year. On the other hand, APY stands for annual percentage yield and is used to define the amount of interest you earn on a bank account or other savings vehicle over the year.

In other words, APR is used when you’re paying interest and APY is used when you’re earning interest.

How To Get Preapproved for a Credit Card

Many issuers will let you check to see if you’re pre-qualified for any of their cards before you formally apply. Keep in mind that pre-qualification doesn’t ensure approval and should be considered more of a best guess.

Checking whether you’re pre-qualified is often as easy as entering your name and address on the card issuer’s website and then perusing offers, if any, that are available to you. These preapproved credit cards make it easy to check if you’re likely to be approved in advance.

How To Improve Your Credit Score

There are several steps you can take to improve your credit score . First, check your credit report to make sure there aren’t any errors that could have an adverse effect. Paying your bills on time, every time will have the single biggest impact on your score. After payment history, the next biggest factor in your credit score is the amount of debt you have. Since credit reporting agencies don’t have your income information, they use something called credit utilization instead of a debt-to-income ratio.

Credit utilization is the amount of debt you owe relative to the amount of credit you have. So if you have a balance of $3,000 on a card with a $10,000 limit, you’re using 30% of your credit. Total credit utilization is based on the aggregate amount across all your lines of credit, both what you owe and how much you have available. It’s typically suggested that utilization of 30% or below should be the goal.

Credit Cards for Good Credit

Lenders each have their own definition of what they consider a good credit score . Customers typically aren’t told the exact cutoff point between a good credit score and a bad one. However, FICO , the most widely known credit scoring model, shares some helpful information you can use as a guide. The most common scores feature a scale of 300 to 850. On that scale, a credit score between 670 and 739 is generally considered “good.”

You can check out Forbes Advisor’s list of best cards for good credit of 2024 to see what might work for your particular circumstances.

Credit Cards for Fair Credit

The definition of a fair credit score varies among lenders. On the widely known FICO credit scoring model, a credit score between 580 and 669 is generally considered fair.

You can check out Forbes Advisor’s list of best cards for fair credit of 2024 to see what might be a fit for your particular circumstances

Credit Cards for Bad Credit

While there’s no exact number that counts as the threshold between “bad” and “good” credit, generally a FICO Score below 580 is considered poor.

The lower your credit score, the more limited your options when it comes to credit cards. Someone with bad credit will typically only be able to get approved for a secured card or a card with high interest rates and other additional fees.

See Forbes Advisor’s list of best credit cards for bad credit of 2024 to see what some of the options are if your credit isn’t stellar.

What Are the Three Credit Bureaus?

There are three major credit bureaus in the U.S.:

Each of these agencies may use a slightly different method of evaluating your credit behavior, so it’s not uncommon to have a slightly different credit score with each agency. All three companies serve the same function: To analyze your credit behavior to generate a three-digit credit score used to determine your creditworthiness and in turn, the rates you’ll be offered on loans like a credit card or a mortgage.

Different types of credit card users will benefit most from different types of credit cards. Here are tips to help you decide what’s the best credit card for you.

Value Shoppers

Value shoppers will likely benefit most from cash-back cards that provide rewards on everyday purchases. These cardholders will want to minimize annual fees and aren’t concerned about travel rewards or high-end perks. Check out the best cards for shopping and best cards for groceries to learn more.

The best travel credit card of 2024 will vary based on the kind of traveler you are. If you like to play license plate ABC, check out our best cards for road trips . If you prefer your travels at 35,000 feet, check out the best airline credit cards of 2024 .

Credit Builders

When you’re just starting out, it can feel like a Catch-22. You need good credit to get a credit card, but you need a credit card to build good credit. Fortunately, there are some cards out there that are good for both those starting out and those needing to get back on track. Check our best first credit cards and best cards for rebuilding credit of 2024 lists to learn more.

College students have a plethora of credit card options because the banks understand the value of a lifetime customer. Many of these cards act as little siblings to their rewards card counterparts, giving students a chance to earn rewards without needing as much of a credit history. Check out these best credit cards for students .

Business Owners

Whether it’s a roadside stand or a shop on Etsy, small businesses have unique credit needs. Business credit cards offer benefits tailored to commerce and offer a way to keep personal and business expenses separate. If you are just starting out, one of our best cards for new businesses of 2024 may do the trick. If you operate an established business, even if it’s a side hustle, check out our best business credit cards list to learn about your options.

Brand Loyalists

If you only stay at Hyatt or only shop at Pottery Barn , it may make sense for you to pick up a co-branded credit card for that store, airline or hotel chain. By doing so, you’ll earn points and perks within that specific ecosystem, which you can then use to further your love of the brand.

Cardholders may also be loyal to a specific card issuer in order to continue working with a financial institution they prefer or have other accounts with. This can also be a good way to collect a specific type of rewards points. If you are loyal to a certain brand of credit card, you can limit your card search accordingly:

• Best American Express Cards of 2024
• Best Capital One Cards of 2024
• Best Chase Credit Cards of 2024
• Best Citi Cards of 2024
• Best Discover Credit Cards of 2024
• Best Wells Fargo Cards of 2024
• Best Bank Of America Cards of 2024

Although all credit cards can be used to make purchases, there are several different types of credit cards, each designed for a different goal.

Rewards Credit Cards

A rewards credit card is one that earns a percentage back on your spending, in the form of cash back, points or miles. The exact amount you’ll earn back can vary greatly by card with some earning the same flat-rate back on all of your spending and others offering tiered rewards with certain purchase categories earning elevated rates over other categories. See our list of the best rewards credit cards of 2024 .

Balance Transfer Credit Cards

A balance transfer card is one that offers a low or 0% APR for transfers made to the card for an introductory period of time. After that introductory period, the card’s standard variable APR will typically apply. There may be a balance transfer fee to shift debt to a balance transfer card, usually 3% to 5% of the amount being transferred. See our list of the best balance transfer cards of 2024 .

0% APR Credit Cards

A 0% APR credit card is one that offers an introductory 0% interest period on either new purchases, balance transfers from other cards or both. Think of a 0% APR offer like an interest-free loan with an expiration date. If used responsibly, it gives you a cushion of time to pay off what you owe without accumulating additional finance charges. But the zero-interest period of time doesn’t last forever. When it expires, your balance will accrue interest at the card’s standard variable rate. See our list of the best 0% APR credit cards of 2024 .

Low Interest Credit Cards

A low interest credit card is one that has a low ongoing interest rate, typically far lower than the industry average APR on other cards. For those who regularly carry a balance on their cards, this may be a more beneficial option than a limited-time 0% card since the low rate will not expire after a few months.

Student Credit Cards

College student credit cards aren’t actually different from other credit cards. They’re just marketed towards college students or others with thin credit files who may otherwise have a challenging time being approved for a credit card.

A student credit card, which is a first credit card for many, will typically have more forgiving underwriting standards than a card designed for those with good credit. This means you’re likely to qualify with a lower credit score than the standard version of the card would require. Some college credit cards even offer some perks like rewards and cash bonuses for good grades. See our list of the best student credit cards of 2024 .

Credit Cards To Build Credit

When you’re just starting out with credit or you’re seeking to move past credit missteps, there are credit cards aimed at helping you prove responsible payment behavior, and in turn boost your credit profile. The best starter credit card for you will provide a balance between benefits, such as reporting to the credit bureaus and helping to raise your credit score, and costs to carry, including annual fees or any other maintenance costs.

Business Credit Cards

A business credit card can be a great way to separate your personal expenses from your work ones, even if it’s just a part-time gig. When you apply for a small business credit card, your approval will be based on your personal credit score. It also means you’ll be personally liable for any debts accrued on the card even if they’re from your business and that business fails. The issuer will also take other factors into consideration when reviewing your application, including your business income and credit history. See our list of the best business credit cards of 2024 .

Choosing the best credit cards for your particular circumstances should be based on a combination of factors including your credit score, your tolerance for annual fees, what perks you might be seeking and how any rewards fit with your spending habits.

Not all credit cards charge an annual fee but many of those that do will offer rich rewards and other perks in return.

Depending on your goals in acquiring a new credit card, be aware of any other fees associated with owning a particular card. For example, if you’re looking for a card to shift a balance to, be sure to factor in any balance transfer fees. Those with not-so-great credit may find that some options available to them charge account opening fees or credit limit request fees in addition to any annual fees. Steer clear of those, if possible.

Interest Rates

For those who think they might carry a balance, even if it’s just occasionally, be aware of the APR on any card you’re considering. Carrying a balance for any length of time on a credit card is expensive and you don’t want to be socked with a ballooning balance over time.

If a card offers rewards on your spending, make sure that the areas where it offers the best rewards are a match for your spending habits. Someone without a car is unlikely to benefit from high rewards on gas, for example. While those who rarely dine out or get take-out will likely fare better with a card that offers elevated rewards on groceries rather than dining.

Many credit cards offer perks and benefits beyond the ability to earn rewards. Premium travel cards may offer exclusive airport lounge access, free checked baggage and airline incidental credits. Many cards on the market offer other perks like extended warranty protections and other travel protections and insurances. Even cards without an annual fee may offer several money-saving benefits.

Credit-Building Help

Cards aimed at helping you shore up your credit profile, like secured cards , work by reporting your on-time payment behavior to the credit bureaus so that over time, your score can improve with a record of positive payment history. There are many cards on the market aimed at those seeking to boost their profile. The best ones charge little to no annual fee and don’t carry other unnecessary fees. There are some unsecured cards available too, although these tend to be unavailable to those with a recent bankruptcy.

There’s no one right number of credit cards to have. That’s because everyone’s financial profile and goals are unique to their particular circumstances. Having multiple credit cards can either be a boon or a bust depending on how you acquire and use the cards.

Read more: How Many Credit Cards Should I Have ?

Advantages To Having Multiple Credit Cards

It can be beneficial to have more than one credit card for multiple reasons:

• Having multiple credit cards can allow you to build additional credit history.
• Multiple cards can help you earn rewards on different purchase categories and access multiple card benefits.
• Multiple cards can provide access to several types of reward redemptions.
• Spreading purchases across multiple cards can keep your credit utilization lower per card.

Disadvantages To Having Multiple Credit Cards

There are a few downsides to holding multiple credit cards:

• Multiple credit cards can entice you to overspend or take on more debt than you can handle.
• Having multiple cards might mean you are responsible for several annual fees or other unavoidable credit card expenses.
• Applying for multiple cards can temporarily lower your credit score.
• Managing and paying multiple credit cards requires additional time and organization.

What are the top three advantages of using credit cards?

Kelly-Ann Franklin

Credit Cards Editor

Dylan Pearl

I think the top three advantages of using credit cards are:

• Credit cards offer the easiest way to develop a credit history from an early age.
• Credit cards can build a positive relationship with banks to get the best rates on a mortgage or other loans.
• A little-noted advantage that some might not consider is the positive emotional effect of having good credit. When you have a good credit score, you’re more likely to feel better about your overall financial situation which can lead to more positive financial behavior.

Credit card advantages include:

• Healthy credit usage will build your credit score which makes it easier to buy a home or car.
• Credit offers fraud protections not present with debit cards.
• Cards allow you to earn rewards on your everyday spending.

In my opinion, the top reasons to use credit cards include:

• Paying by credit card allows you to review transactions and keep a close eye on your budget.
• Using rewards credit cards can provide a strong kickback on purchases you’d make anyway.
• Credit cards are extremely convenient, since you don’t need to have cash on hand for transactions.

Credit cards provide everything from consumer protections to valuable benefits and substantial earnings potential, but only when used correctly. Here’s how to get the most value out of your cards.

Find a Rewards Structure That Meets Your Needs

Earning any type of rewards is better than nothing, but to get the most out of your credit card, you’ll want to ensure you’re earning the most rewards you can on the types of purchases you make most often. Balancing this with a type of rewards you value and are easy to redeem—cash back, miles or points—is also important.

Use the Included Benefits on Your Card

Most credit cards come with additional benefits, such as purchase protection, extended warranties, store credits and discounts or travel perks. Whenever you get a new card, or come up on your card’s renewal anniversary, familiarize yourself with its current benefits to make sure you know what benefits you’re entitled to or which ones you may need to enroll for.

Make Card Payments as Required

Credit cards are a convenience, but if you’re not making payments toward your balance due, you’re likely racking up hefty fees. Be sure to make minimum payments on time every month to avoid late fees. Ideally, pay off your full balance to avoid interest charges as well. Using your credit card correctly will help you save on fees and keep your credit in good standing for future card and loan approvals at advantageous rates.

Credit Card Issuer

A credit card issuer is the bank that issues, or approves you for, the card you’re applying for. Some credit cards have the issuing bank as part of their name, like Chase or Citibank. Others work behind the scenes as the issuing bank for credit cards that may not be part of a traditional financial institution, like Chime or Upgrade.

Credit Card Networks

Card networks process the payments between the buyer and the merchant. There are four major credit card networks: Mastercard, Visa, American Express and Discover. American Express and Discover are unique in that they are also card issuing companies in addition to owning a card network.

Co-Branded Credit Cards

A credit card that’s co-branded is one that’s issued in partnership with a certain retailer or service provider. Popular brands like JetBlue, Hyatt and Disney have all partnered with credit card companies to offer cards that earn rewards in their loyalty programs and offer brand specific perks. Typically, a co-branded credit card will offer rewards and or other perks within the brand.

Visa vs. Mastercard

Both Visa and Mastercard are payment processing networks and it shouldn’t matter to you as a consumer which one your card is on when it comes to making a payment. But both cards offer perks and benefits specific to their brand and type of card within the brand. You shouldn’t choose a card based on the issuing network however. Instead, think of any extras offered by the payment networks as a bonus, with the focus on the main features of the card itself.

For example, a traditional Visa or Visa Platinum card may offer roadside dispatch services and lost card replacement assistance. A Visa Signature card may offer these benefits plus travel insurances and protections. Each individual Visa card will come with different benefits based on the type of Visa and the perks selected by the issuing bank to include.

The same holds true for Mastercard: There are different types of Mastercards with varying perks and benefits depending on the type of Mastercard.

Top Credit Card Companies

If you don’t already have a preference for a specific credit card company , you may be interested in how the top credit card companies rank nationwide. J.D. Power conducts an annual survey to determine customer satisfaction across major card issuers. In 2023, American Express came out on top:

J.D. Power 2023 Credit Card Satisfaction Study Based on a 1,000-point scale

Although everyone shops for credit cards using an individualized selection of preferences, it turns out that the majority of consumers start their shopping by looking at a small subset of cards. Pre-qualified offers, like unsolicited letters you receive in the mail, and card recommendations from friends or family can both influence someone’s ultimate decision.

Furthermore, when shopping for cards, Americans love to look for rewards—and especially cash back. And according to a recent survey by Forbes Advisor, groceries, gas and dining out are the top categories Americans prefer to earn rewards in.

A Quarter of Americans Need More Than a Year to Pay Off Credit Card Debt

More than 70% of Americans currently have credit card debt, according to a survey by Forbes Advisor in April 2024. For some, the dollar amount is manageable, but for over a quarter of respondents, they expect it to take at least a year to pay off the full amount. Specifically:

• 20% of respondents expect to pay their card debt off in less than three months
• 12% will pay their balance off in three to six months
• 13% will pay it off in six months to a year
• 16% will pay it off in one to three years
• 10% will need at least three years to pay their debt in full

If you know from the onset that you’ll need to pay over time, you should be focused on your card’s interest rate and other costs that might apply, such as missed payment fees or late charges so you’re not surprised by the final bill. These details are paramount and far more impactful than any potential rewards offered by the card you use.

If you carry a balance, our credit card interest calculator can show you how much extra this could cost you in a month—or a year. On larger purchases, it might be worth the extra effort to look into a 0% credit card so that you have a set number of months (and sometimes more than a year) to pay things down without accruing interest.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

To view rates and fees for The Platinum Card® from American Express please visit this page . To view rates and fees for Blue Cash Preferred® Card from American Express please visit this page . To view rates and fees for American Express® Gold Card please visit this page .

What is the best credit card of 2024?

The best credit card is the one that rewards your personal spending habits. Look for cards that offer bonus points in categories you spend heavily in, such as dining, gas or groceries. Then, make sure the type of rewards you’re earning lines up with your preferred redemption options. Travel rewards are popular, but cash back can make more sense for many customers.

While this is a personal decision, certain cards stand out as the best credit cards of 2024. For example, the Bilt World Elite Mastercard® is unique because it earns rewards on rent. The Capital One Venture X Rewards Credit Card is also popular thanks to a wide assortment of travel benefits built into the card. And the Chase Freedom Flex℠ comes with a welcome bonus, rewards on purchases at up to 5 points per dollar, an introductory APR offer and no annual fee.

What is the easiest credit card to get?

Secured credit cards are typically the easiest to be approved for and are designed for people who have none to bad credit. For anyone with average or better credit, you may be approved for traditional, unsecured credit cards as well. Typically, cards with no or low rewards have less stringent application requirements. You may want to check for pre-approved offers personalized for you to improve your odds.

What is the best credit card company?

When it comes to personal finance, you’ll find the best solution for you is exactly that—personal. However, several card issuers consistently rank on the list of best credit cards. Favorites like American Express , Capital One , Chase and Citi offer a wide range of rewards cards and also bundle consumer protections and cardholder benefits.

Which credit card is best for me?

The best credit card for you requires you to consider and evaluate your own financial needs. Start by honestly assessing your credit score and history so you understand which types of cards you may be approved for. Then, within those cards, look at annual fees, reward rates and other benefits to determine which ones best fit your lifestyle.

What happens if you stop paying your credit card?

Stopping payments toward your credit cards can have extremely negative impacts on your financial health. Your credit card will continue to accrue interest and may also accumulate late fees or missed payment fees. If you miss multiple payments, your account will likely be locked or completely closed so you can no longer use your card—though you’ll still be responsible for paying the balance. This can also make your credit score take a nosedive, making it difficult to apply for credit cards or other loans in the future.

• Best Travel Credit Cards
• Best Cash Back Credit Cards
• Best Business Credit Cards
• Best Rewards Credit Cards
• Chase Sapphire Preferred Credit Card
• Capital One Venture X Credit Card

*The information for the following card(s) has been collected independently by Forbes Advisor: U.S. Bank Visa® Platinum Card, Marriott Bonvoy Boundless® Credit Card . The card details on this page have not been reviewed or provided by the card issuer.

With more than 50 million redeemed miles under her belt, Becky Pokora is a rewards travel expert. She's been writing about credit cards and reward travel since 2011 with articles on Forbes Advisor, BoardingArea, The Points Guy and more. Her redemptions have helped her travel to more than 50 countries and all seven continents.

Harlan Vaughn brings over a decade of experience as a lead editor on the credit cards and travel rewards team at Forbes Advisor. With a deep understanding of the credit card industry, his passion for travel strategies drives his commitment to helping others maximize their credit card rewards. Harlan's expertise has taken him around the world by redeeming millions of points and miles earned with credit cards. His favorite destinations include Iceland, Japan, Hawaii, New Zealand and Chile.

With over 15 years of professional experience studying credit cards and travel loyalty programs, Julian Kheel has served as CNN’s senior editor covering travel and credit cards, as well as the editorial director for The Points Guy, and worked as a consultant for the biggest airlines. He is currently the CEO of Tripsight Inc., an award tools company that recently released Points Path, the first browser extension that automatically adds the prices of flights in miles into Google Flights search results to help travelers decide when to best use their travel rewards.   Julian first learned the ins and outs of credit card rewards and travel loyalty programs while flying more than 200,000 miles a year as a TV producer and director for World Wrestling Entertainment. (And yes, of course it’s all real.) He has previously written about travel and credit cards for U.S. News & World Report, Upgraded Points and Going, and created weekly columns for the travel websites Frequent Miler and Travel Codex.   In addition to appearing as a TV analyst to discuss travel and loyalty programs on national segments for CNN, Bloomberg News, CNBC’s “Squawk Box,” Yahoo Finance and Cheddar TV, Julian has also been featured on ABC and CBS Radio, and has been quoted in The Washington Post, The Wall Street Journal, and the Chicago Tribune on travel-related topics as well.

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Your guide to the Amex Platinum Saks Fifth Avenue credit

O f all the personal travel cards on the market, the one that offers the most perks and access is The Platinum Card® from American Express .

It's also one of the most expensive cards due to its $695 annual fee (see rates and fees ). However, you can get your money's worth with lounge access , up to $200 in annual Uber credits (for use in the U.S.), up to $200 in airline incidental fee credits and a statement credit of up to $100 per year at Saks Fifth Avenue. Enrollment is required for select benefits.

If you're like me and spend more than $100 a year at Saks Fifth Avenue, this is like money in the bank. Even those who don't typically shop at Saks can find value in this credit, which resets every six months.

If you associate Saks Fifth Avenue with $4,000 Prada dresses, you're not wrong. However, you might be surprised to find that they also offer many other more reasonable and affordable items .

Let's take a closer look and see what this credit offers.

How the Saks Fifth Avenue credit works

The credit is available as two up to $50 statement credits per calendar year. Your first $50 statement credit is available from Jan. 1 to June 30, and your second $50 statement credit is available from July 1 to Dec. 31.

You need to enroll for this benefit to take effect, and you can do this through your online Amex account .

There is no minimum purchase required to trigger these statement credits, meaning you could make a purchase of $50 (or less) once every six months and not owe anything out of pocket once the credit posts to your Amex Platinum account.

To many people's surprise, Saks offers items that cost $50 or less . While the merchant's frequent sales drop the prices of all sorts of items to palatable levels, some items are always below that price point.

There are some limits to this cardmember credit, however.

First, you must enroll before you can use it.

Second, the terms state that this Amex Platinum statement credit is valid at Saks Fifth Avenue online or at locations in the U.S. and U.S. territories. It is not valid on Saks Fifth Avenue gift cards or purchases at outlet locations (in stores and online). It excludes purchases at restaurants within the store and online bill pay for Saks credit.

Third, there is a $100 minimum (before taxes) for free shipping. You could choose to meet that minimum to avoid the shipping fee of $9.95 for orders less than $100. Some readers have had success by asking American Express for a goodwill credit through the store's online chat function, saying something like this:

Saks Fifth Avenue no longer participates in ShopRunner, which used to offer free two-day shipping. Now I have to pay a $9.95 shipping fee on orders under $100, which reduces the value of the $50 statement credit on my Amex Platinum offered every six months. Can I request a goodwill credit in the amount of $9.95 to offset this?

Finally, you may have to wait up to four weeks after an eligible purchase is charged to your card for a statement credit to be posted. That's because Saks typically won't charge your card until after your item(s) ship. This means waiting until the last minute to use this benefit may mean missing out on the statement credit due to potential shipping delays.

Read more: How to maximize benefits with the Amex Platinum Card

However, if you've made a qualifying purchase with plenty of time before the June 30 or December 31 deadline, you should receive your statement credit in an average of four days .

Maximizing your Saks Fifth Avenue credit

If you're not an avid Saks Fifth Avenue shopper, you might wonder how to best take advantage of this credit each year — especially since many items Saks sells are in the "outrageously expensive" category. Here's how to find the sweet spots and get the most out of this Amex Platinum benefit.

Know what to buy

Yes, Saks is home to $1,695 Gianvito Rossi knee-high boots and a $3,850 Givenchy bomber jacket (both a bit out of most people's price range). However, you can also find plenty of great items for under $50.

One of my favorite sunscreen primers, Unseen Sunscreen from Supergoop (an amazing travel primer if you'll be out in the sun), costs around $40 for a 1.7-ounce bottle at Saks. You can also find products from popular makeup brands such as MAC and Benefit for less than $50.

If you have kids, you can use your Saks credit for many adorable kids items, such as dresses, raincoats and shoes.

Take advantage of sales

If you watch for sales, you can score a great deal on Saks items that normally cost more than the $50 semi-annual credit. The Saks website has an entire section dedicated to sales items.

Like any department store, sale items can be hit or miss, but you can find excellent deals if you're patient. Even if you have your eye on a sale item costing more than $50, think of your Saks credit as a $50 coupon.

You can find all items currently $50 or less at this link .

Always use a shopping portal

Any time you shop online, start through a shopping portal to earn points, miles or cash back on your purchase — in addition to your Saks credit. Numerous sites operate as shopping portal aggregators , which compare rewards to see which portal makes the most sense for you to use.

Rakuten offers anywhere from 1% to 10% cash back (or 1-10 Amex points per dollar spent) on Saks Fifth Avenue purchases, depending on current promotions.

Bottom line

Whether you're obsessed with Saks Fifth Avenue or have rarely shopped there, you should take advantage of the $100 annual Saks credit that your Amex Platinum card offers. If you're unfamiliar with the brand, it can be overwhelming to know how to maximize the credit (especially since it's broken into two $50 credits each year). However, these tips will help you find the best options to utilize the available statement credits.

To learn more, read our full Amex Platinum card review

Apply here: Amex Platinum

Check the CardMatch tool to see if you're targeted for a 150,000-point Platinum Card offer (after meeting minimum spending requirements). These offers are subject to change at any time.

For rates and fees of the Amex Platinum, click here .

Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Platinum Card Insurance

Explore the travel insurance and shopping coverage available on your Platinum Card.

Travel Coverage​

• Out of Province/Country Emergency Medical Insurance (For under age 65)¹†​
• Trip Cancellation Insurance¹† ​​
• Trip Interruption Insurance¹†​​
• Flight Delay Insurance¹†​​
• Baggage Delay Insurance¹†​​
• Lost or Stolen Baggage Insurance¹† ​​
• Car Rental Theft and Damage Insurance¹† ​​
• Hotel Burglary Insurance¹†​​
• $500,000 Travel Accident Insurance²†​

Retail Coverage

• Purchase Protection® Plan¹† ​
• Buyer's Assurance® Protection Plan¹†

Certificate of Insurance

View your Certificate of Insurance for a list of coverages.

How to Submit a Claim

Follow the link below to submit an insurance claim online or over the phone.

Terms & Conditions

1. Underwritten by Royal & Sun Alliance Insurance Company of Canada. You may contact the insurer at 1-888-877-1710 in Canada and the U.S. or visit www.rsagroup.ca.

2. Underwritten by Chubb Life Insurance Company of Canada (“Chubb Life”). You may contact the insurer at 1-877-777-1544 in Canada or visit www.chubb.com/ca.

3. AMEX ® Travel Insurance is optional group travel insurance underwritten by Royal & Sun Alliance Insurance Company of Canada. You may contact the insurer at 1-888-877-1710 in Canada and the U.S. or visit www.rsagroup.ca . In this outline, we have given a brief description of just some of the benefits available under AMEX ® Travel Insurance. All insurance coverage is subject to the terms and conditions of the Group Policy issued to Amex Bank of Canada and the applicable limitations and exclusions described in the Certificate of Insurance issued upon enrollment. Please read the Certificate of Insurance carefully. AMEX ® Travel Insurance is underwritten by Royal & Sun Alliance Insurance Company of Canada. Amex Bank of Canada identifies insurance providers and products that may be of interest to some of its customers. In this role we do not act as an agent or fiduciary for you, and we may act on behalf of the insurance provider, as permitted by law. We want you to be aware that we receive compensation from insurance providers and our compensation may vary by provider and product. We do not require you to purchase any insurance product, and you may choose to cover your insurance needs from other sources on terms they may make available to you.

† All insurance coverage is subject to the terms and conditions of their respective master policies. Certain limitations, exclusions and restrictions apply. Please read your Certificates of Insurance carefully.  

® , TM: Used by Amex Bank of Canada under license from American Express.