Quick Look at the Best Credit Cards for Hotels
There’s something exciting about picking your hotel when planning a vacation. It’s even more exciting if you can save money or pay for a room with points with your credit card.
Whether you’re applying for your 1st card or have several, a credit card with travel perks and rewards can be a handy tool in your financial utility belt if used wisely. Benzinga has narrowed in on the best hotel credit cards. Use our list to start your search today.
Credit Cards for Hotel Rewards
With so many credit cards offering travel perks, choosing the best one for you may feel overwhelming. You can make the best choice by paying close attention to a few details, like the type of rewards, perks and benefits a card offers along with the type of protections it offers and how much you’ll pay in interest and APR.
Different credit cards are suited to different types of people. Look for cards that tailor themselves to your specific needs, like if you’re a student or if you have excellent credit. You can prequalify with many merchants, so you don’t waste credit pulls on cards you aren’t eligible for.
Best for Executive Perks: Luxury Card
If you’re a discerning credit user who expects VIP treatment from your credit card company, look no further than Luxury Card. While this heavy metal card comes with steeper fees than most, it makes up with it with its world-class suite of rewards, perks and bonus features.
You can earn up to 2% back on your purchases in both travel AND cash back, depending on whether you choose the Titanium, Gold or Black Card. And Luxury Card partners with over 3,000 properties and hotel brands worldwide through the Luxury Card Travel program.
You can also make the Luxury Card App your 1-stop-shop for travel. Use the app to link up with hotel partners and travel services or put your member perks to use and access your very own Luxury Card Concierge agent to carry out all your travel needs.
Choose from 3 different tiers of Luxury Card.
- Annual Fee$495 ($195 for each Authorized User added to the account). Terms and conditions apply*.Regular APR
For Titanium, Black and Gold Cards: Ongoing Purchase APR 17.24%; Balance transfers 17.24% (APR varies with Prime Rate); Cash Advance 27.49% (variable based on Prime Rate)
Terms and Conditions apply*
Best for Rebuilding Credit: Capital One Platinum Secured
The truth is that most cards with travel rewards are reserved for people with good or great credit. But that doesn’t mean you can’t find a card with travel perks even if you’re building or rebuilding your credit.
The Capital OnePlatinum Secured allows you to work on your credit safely by securing your credit limit with a security deposit. With this card, you’ll also unlock a host of travel protections, including no fees on foreign transactions, rental car insurance and travel accident insurance.
Best for Bonus Points: Chase Sapphire Preferred
This card is a great all-around travel card with a hefty welcome bonus. You’ll earn double points on travel, dining and at grocery stores and 1 point for every other dollar spent.
There are no blackout dates with this card — if there’s a seat on your preferred flight, you won’t face any surprise travel restrictions. And if you book your travel directly through Chase, you can redeem your points for 25% more in value with Chase Ultimate Rewards.
Other benefits include 5x points with Lyft and travel and purchase insurance. Apply today to take advantage of this card right away.
How to Compare Credit Cards
What should you look for when picking a card? Start with cards you’re likely to get approved for. Many merchants list borrower requirements on their website or will allow you to prequalify. You can also compare multiple cards using a lender comparison service, saving you from researching individual credit cards.
When choosing a card, you’ll want to consider how much it will cost you to use. This includes expenses like annual fees. Also pay attention to the annual percentage rate or APR. This is how much you’ll pay in interest on your monthly balance.
You’ll also want to rate cards on rewards programs, any extra features the card comes with and what protections are available to cardholders.
It may seem that you want to avoid credit cards with high annual fees. But it really depends on what you’re looking for out of your card. If you’re specifically looking for a card with travel rewards and discounts, you may find the cards with the best programs have higher fees.
If you’re on a strict no-fee diet, you’ll have plenty of cards to choose from. Many cards offer a $0 annual fee or a $0 annual fee introductory period.
Rewards are arguably the most fun part of a credit card. Seeing your points tick up as you spend is not-so-oddly satisfying, especially if you’ve got your eye on a special trip or want to splurge (with a discount, of course) on a fancy hotel.
The only real downside of rewards cards is they can come with higher fees and interest rates. This doesn’t mean you should be scared off from a rewards card.
Just be sure the trade-off makes sense for you — many merchants offer calculators that let you see how much you’d earn in rewards by estimating how much you’ll spend in a year. This can help you determine if a potentially higher annual fee or interest rate is worth the rewards you’ll earn.
Perks and Bonuses
In addition to earning rewards when you spend with your credit card, you may also be eligible for further perks. Many cards provide discounts on things like travel and hotel stays. Some offer useful features like travel concierge services and priority boarding.
Look for cards that tick all your boxes and then some. While card perks and bonuses may not be your primary deciding factor, they can be what makes a great card the perfect card for you.
If you’re an avid traveler, it's worth having a card that goes the extra mile for their jetsetting clients. Many cards come with super useful features like trip cancellation coverage, flight reimbursements and rental car insurance.
When you’re away from home, the last thing you want to deal with is a lost or stolen card, or having a fraud hold placed on your account. Most cards offer some sort of zero liability insurance and safeguards to protect your account from fraudulent activity to always keep your credit accessible to you no matter where in the world you are.
Credit Card Responsibility
Whether you’re a credit-using pro or a newbie to credit cards, handling your credit use responsibly is a must. This means making all your payments on time and keeping your balances low to avoid paying high interest charges and your credit score intact. It also means weighing the cost of using a card against its potential rewards.
Paying down your balance as low as possible each month is the best way to avoid getting buried under interest. And, it's the best way to earn the most rewards. You can reuse your revolving credit each month to build your points balance.
How to Apply for a Credit Card
Whenever possible, start any credit card application process by prequalifying or using a credit card comparison service such as Credible. Either of these routes will allow you to shop around while securing approval odds for a card without hurting your credit score.
You can apply for a credit card directly from a merchant’s website once you’re ready to move forward in your application process.
Save on Hotels with Right Credit Card
If you’ve got travel on the brain, a credit card that gives you hotel discounts or points to redeem for hotel stays may be a great asset. If you’re looking for a great card for hotels, Benzinga’s roster is chock full of choice selections.
Get in touch with any of the merchants on your list to find out more information. You can start the process of getting a good hotel card by prequalifying or using a credit comparison service.