The #1 Travel Credit Card

I have had some readers ask me what is the #1 travel credit card I would recommend. My answer is always the same, which is the Chase Sapphire Preferred Card. It has a $95 annual fee but the initial sign up bonus is 60,000 points after spending $4,000 within the first 3 months. The 60,000 points can be worth way over $1,000!

The reason this is my go to card is because it provides car rental insurance if you pay with this card. I also like the transfer partners this card has. For example, I can transfer points to Hyatt or Intercontinental, United or Southwest etc.

My favorite way to use these chase points are to transfer them to British Airways. British Airways is a partner of American Airlines. So, I am able to fly roundtrip from Miami to Haiti for 15,000 British Airways miles on American Airlines. This round trip flight typically costs $500-700 out of pocket, so using miles is a no-brainer.

I also like transferring chase points to stay at Hyatt hotels. In Hawaii, the hotels typically cost $400/night. By transferring 20,000 of my chase points to Hyatt, I am able to stay one night for free. For instance, if I used my 60,000 chase points to stay at a Hyatt hotel in Maui, I would be able to save $1200 of cash for the 3 nights. 

This card also provides trip cancellation insurance. If your trip is cancelled due to sickness or severe weather, you can be reimbursed for pre-paid nonrefundable expenses. In addition, if your baggage is delayed by 6 hours or more, you can be reimbursed up to $100 per day until your baggage is delivered to you. This $100 credit covers purchasing new clothes, toiletries, or other important items missing from your bag.