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5 Best Cash-Back Credit Cards for Travel (2024)

Updated: May 6

You're ready to travel and want to choose the best credit cards with the highest cash-back rewards. This process can be daunting, especially when there are so many options out there.


For example, some might offer points, miles, or cash-back rewards.


The best way is to take advantage of the rewards programs offered by different credit cards. Instead of just using one card for everything, look at which card offers the most rewards for your needs.


What are Cash-Back Rewards?


cash back rewards

Be rewarded with cashback: earn while you spend.


A cash-back reward is when a store refunds a percentage of the purchase price to the customer, often as points that are equivalent in value to money.


Many gift cards offer cashback in their rewards program.


Walmart offers one percent cash back on all purchases, for example, and Target offers two percent on all purchases made using their REDcard debit card.


The Best Ways To Earn Cash Back From Your Credit Card


The best way to earn cash back from your credit card is to use it the right way.


If you have a retail store credit card, for example, then it is best to use it when shopping in that store.


You can also be strategic and combine different cards with different terms and conditions to maximize your cash-back potential.


As the new year has begun, you might be looking to update your financial status and travel more wisely by getting a rewards credit card.


However, finding the one credit card with the highest cash-back rewards is difficult.


Best Credit Cards for the Highest Cash Back Rewards


1. Chase Saphire Reserve | Best for business travelers



This card is ideal for business travelers, offering generous rewards and exclusive perks.


What you get:

  • $550 annual fee + 20.74%–27.74% APR

  • $300 travel credit

  • get 60,000 points (approx. $900 for travel) after the first $4000 spent

  • get 10x points per $ spent for Chase dining, hotels & car rental

  • get 5x points per $ spent on flights

  • get 3x points per $ spent in any restaurant

  • 1x for all other purchases

  • free access to lounges worldwide

  • priority boarding (no need to wait in line)

  • 2 guest passes for Airport Lounges



The Delta Sky Miles American Express Gold is perfect for families with its attractive mileage rewards and travel benefits.


What you get:


  • 0% interest the first year, then $99

  • get 40,000 miles after your first $2000 spent

  • 2x miles per $ spent for Delta Airlines, US supermarkets, restaurants

  • 1x miles on any other purchase

  • no foreign transaction fees

  • priority boarding

  • first baggage free

 
emerald summit 2024

 


capital one rewards card

Capital One is a top choice for value seekers, providing substantial miles and diverse redemption options.


What you get:

  • $95 annual fee

  • $75,000 miles intro offer if you spend 4k in first 3 months (worth $1388)

  • earn 5x miles on hotels and rental cars & 2x miles on every purchase

  • no foreign transaction fees

  • free use of Capital One lounges at airports (food & beverages unlimited)

  • bring 1 guest


4. Chase Freedom Flex℠ | The most affordable





Affordable yet rewarding, Chase Freedom Fles is offering competitive cash-back rates and introductory bonuses.


  • 0% interest for the first 15 months

  • $200 bonus after you spend the first $500

  • get 1% cash back on any purchase

  • 3% cash back on drugstores and restaurants

  • 5% cash back on travel (for every $100 spent you get $5)


5. United Club Infinite Visa | Best for frequent travelers



best credit card cashback travel


Tailored for frequent travelers, the United Club Infinite Visa offers premium benefits and substantial bonus miles.


  • $525 annual fee + 20 -28 % APR

  • 100,000 bonus miles

  • 4x miles on United

  • 2x miles for dining

  • 1x miles on all other purchases

  • 2 checked bags allowed

  • 1 year $0 Delivery fee with DoorDash

  • Access to Star Alliance lounges

  • 2x guest passes to lounges

Budgeting Will Help You Pay Your Credit Card Bills




If you are pondering on how to save up for your dream travel destination or saving for a car, or your first house, the answer is simple - start saving today.


The more you save now, the less you will have to worry about in the future.


A budget is a way to organize your finances, set and reach financial goals, and meet your needs.


But without the right tools and knowledge, it can be hard to create a budget and stick with it.


Budgeting is not an exact science, but it does have some basic rules.


They include spending less than you earn, setting realistic goals for spending and saving, separating wants from needs, living within your means by identifying what’s important to you, and getting rid of unnecessary stuff.


With credit cards, you should always pay them off in full each month to avoid unnecessary interest and more debt in the future.


Conclusion


Your credit card spending is a reflection of the way we spend our lives.


It's vital to understand our spending patterns and take control by making changes where necessary.


  • We should be mindful of how much we spend on things we don’t need and attempt to save money when we can, such as using cash or debit instead of credit cards for small purchases and taking full advantage of the rewards programs that are offered on different credit cards.


  • We should only own 1 credit card that we use only for traveling or grocery shopping because of the cashback rewards. You will be spending this money anyway.


  • Always have enough money to pay off your credit card in full each month to avoid debt.




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