Consumer expert Clark Howard’s column appears here each Thursday in conjunction with Deal Spotter, a weekly print section in The Atlanta Journal-Constitution.
Although I prefer credit cards that pay cash, I want to share highlights of a list from Time magazine that names some of the best travel reward cards of the moment.
Capital One Venture Rewards
You earn two miles for every dollar spent on this card. The miles then convert to cash equivalent to use for travel, and they can be redeemed in conjunction with periodic special deals. There is a $59 annual fee for this card. At that price, it’s only worth it if you do a lot of high-dollar volume on the card. As with all Capital One cards, there are no foreign transaction fees.
Pen Fed Premium Travel Rewards American Express
Long ago, when I worked as a civilian for the Air Force, I was a member of Pentagon Federal Credit Union. You can become a member even if you’re not military by joining either the National Military Family Association or Voices for America’s Troops for a one-time fee of $20 or $15, respectively. This particular credit card has no annual fee.
British Airways Visa
When signing up for this card, a typical kind of promotion you may see is getting 50,000 miles. But beware, it has a roughly $100 annual fee. That makes it for big-volume chargers who like to go overseas. One benefit is that there are no foreign transaction fees to use the card abroad.
Marriott Rewards Visa
This one has a $30 annual fee. You can use the points at the various Marriott family of brands. If you like free hotel stays, this could be for you.
I prefer cards that give you cash that never expires. Try CreditCardTuneUp.com if you’d like to research the best cash-paying reward card for your charging habits.
-by Clark Howard, Save More, Spend Less, Avoid Rip-offs
Find more answers to your consumer questions, plus Clark’s new book “Living Large in Lean Times,” at ClarkHoward.com. Listen to his radio show live 1-4 p.m. Monday through Friday on WSB 750 AM and 95.5 FM.