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Which travel reward card earns points and cash and has a welcome bonus? That’s what Sherianne wants to know.
Sherianne sent me a text,
My travel rewards credit card is about to renew. I have one like that I can exchange points for cash. This is your expertise, should I change so I can get a bonus?
It is easy to travel for free with travel rewards cards. And with so many travel rewards cards there’s a perfect card for everyone.
Some cards earn airline miles, other cards earn points that transfer to airlines and hotels, and some cards earn points and cash.
I’ve written about the best card for travel hacking, the best travel rewards cards, and the top 5 travel rewards cards you should have in your wallet.
Sherianne wants a card that earns points and cash and gives her an incentive to signup. There are cards she should get.
Contents
Travel Rewards Cards That Earn Points and Cash With Welcome Bonus
There are many travel rewards cards that earn points that you can use for travel. But there are fewer that let you use those points for cash.
Being able to use points how you want, when you want is important.
To get the best value, you want a card that offers a big incentive when you sign up.
These are the best travel rewards cards that earn points and cash. And include a welcome bonus.
Chase Sapphire Preferred
The best travel rewards cards that earn points and cash is the Chase Sapphire Preferred.
The Chase Sapphire Preferred is the best card for travel hacking for beginners getting starting with miles and points.
It has one of the highest welcome offers, a low annual fee, and you can use points for travel or cash.
Bonus
60,000 Chase Ultimate Rewards points after spending $4,000 on purchases in the first three months of opening your account.
Points are worth 1.25 cents when redeemed through the travel portal. This equals $750 towards travel or $600 cashback.
Pro-tip: You can significantly more value transferring points to 13 participating airline and hotel partners like Southwest and Hyatt.
I’ve used my Chase Sapphire Preferred points to fly First Class on Lufthansa, enjoy free trips to Hawaii, and stay for free at the Park Hyatt Maldives.
Earn Points With Chase Sapphire Preferred Card
The Chase Sapphire Preferred card earns 2X points for every $1 spent on travel and dining (fast-food restaurants included!) and 1X point on everything else. So it’s very easy to earn a lot of points.
Pro-tip: There are no foreign transaction fees on purchases outside the United States. This makes the Chase Sapphire Preferred a great card to use in Europe and other countries.
Chase Sapphire Preferred Card Benefits
The Chase Sapphire Preferred card benefits include primary rental car insurance covering damage from collision and theft. You get up to $500 for trip delay reimbursement if you’re delayed overnight or more than 12 hours. Airlines misplace your bags longer than six hours? You get baggage delay insurance of up to $100 a day for five days.
Click Here to learn more about the Chase Sapphire Preferred Card
Capital One® Venture® Rewards Credit Card – Learn More
The Capital One® Venture® Rewards Credit Card (learn more) is one of the best travel rewards cards for people who want a simple way to earn travel rewards points.
It offers a big welcome bonus, points for travel or cash, and a low annual fee that’s waived the first year!
Bonus
50,000 points after spending $3,000 on purchases in the first three months of opening your account.
Points are worth 1 cent or $500 in travel.
Erase your expenses by applying your points to your travel charges. You can also transfer and use points on 15 airlines like JetBlue, Singapore, and Etihad.
Pro-tip: The card includes a $100 statement credit for Global Entry or TSA PreCheck.
Earn Points with Capital One® Venture® Rewards Credit Card
The Capital One® Venture® Rewards Credit Card earns 2X points on everything. Simple. Easy. No record-keeping, no having to keep track of what card to use when.
Pro-tip: Bring the Capital One® Venture® Rewards Credit Card with you when you travel internationally because there are no foreign transaction fees.
Capital One® Venture® Rewards Credit Card Benefits
Capital One® Venture® Rewards Credit card benefits include price tracking so you get money back if the price drops. All purchases made with your card include extended warranty coverage. And you get secondary car rental insurance for damages from theft or collision.
Click Here to learn more about the Capital One® Venture® Rewards Credit Card
Ink Business Preferred
The Ink Business Preferred card is one of the best travel rewards cards that earn points and cash for business owners.
It has one of the largest welcome offers for business cards, a low annual fee, and flexible points.
Bonus
Points are worth 1.25 cents when redeemed through the Chase travel portal. This equals $1,000 in travel or $800 cash.
You can get more than $1,000 in travel by transferring points to airline and hotel partners like United and Marriott.
I’ve used my Ink Business Preferred points to free stays at all-inclusive hotels and free nights at luxury hotels in Australia.
Earn Points With Ink Business Preferred Card
This card earns 3X points for every $1 spent on travel, phone, cable, internet, shipping, and ads on search engines and social media. You earn 1X point on everything else.
Pro-tip: You may be able to qualify for this card if you have a small business like a blog, sell things on eBay, or have take family and wedding photos.
Ink Business Preferred Card Benefits
Ink Business Preferred Card benefits include trip cancellation and interruption insurance for up to $5,000 and primary car rental insurance covering damage from collision and theft. You also get extended warranty protection on purchases.
Pro-tip: Always dropping or losing your smartphone? The Ink Business Preferred includes up to $600 per claim for cell phone protection.
Click Here to learn more about the Ink Business Preferred Card
Conclusion
These are the best travel reward cards that earn points and cash and include a welcome bonus.
Chase Sapphire Preferred, Capital One® Venture® Rewards Credit Card (learn more), and the Ink Business Preferred offer the highest bonuses and the best value for your points. You can transfer points to airline and hotel partners or convert those points to cash.
Other cards that give you the freedom to use points or get cash back are the Chase Freedom Unlimited, Chase Freedom, and Ink Business Cash, and Ink Business Unlimited.
Which travel rewards cards that earn points and cash and have high welcome bonuses would you recommend?
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Chase Sapphire Preferred
10 Comments
Thank you! Note to self, when texting a friend be sure to be grammatically correct in case it appears on a blog post 🙂
I’m going with Chase Sapphire Preferred, and I did catch your comment about saving more if I use points. So… when will you be writing a travel hacking for dummies post? At, like, a third-grade level, seriously.
Hey Sherianne,
ROFL. I’m working on it. 🙂
I am just thinking, If I was a US Citizen and went for the Chase Sapphire Preferred (which to me would be the best suited card for my needs), however its the part which states that users can get 60,000 Chase Ultimate Reward points after spending $4,000 on purchases in the first three months of opening the account. I am not sure if things are done differently over the pond (as I am from the UK), but do people always use credit cards to buy everything like the grocery, gas for the car, pay the household bills. That does sound like a lot of money to spend in the first three months. I don’t think I could even if I paid some of my household bills, so I probably miss out on the points. That was the only thought i had about this. Otherwise the cards does seem to have a lot of rewards going for them and good value for the customer.
Cards have a lot of rewards going for them and good value for the customer but then one has to spend really huge to get the benefits. Being able to transfer points to flights sounds like a great incentive. People in US will find this card helpful I guess. I have not found similar offers here in India.
The points game is real. Whenever I pay in cash I always think to myself, there goes some valuable points! It’s a great way to help save on costs, especially for a family. Thanks for compiling all this info. It’s a great resource!
I always such travel rewards cards as they prove to be very cost effective with many good deals. Transfer our points to air flights sounds great but it is very sad that they have very less options in Asia. The Chase Sapphire Preferred which really looks the best card for travel hacking as it is for beginners. If I live long time in US then surely go for it.
I love that you included welcome bonuses and offers when deciding which credit card is your best bet! As an avid traveler, I’m always looking for credit cards that have hidden perks like free global entry or access to priority lounges. Chase Sapphire has the perfect mix of cash back and points that can certainly cut down on your travel expenses and even help fund new adventures. Now who doesn’t want that?
Great post!! I love how easy it was to understand all the benefits that each card provides. I have personally never used a points card before because I thought it must require tons of preparations and research but it actually seems pretty decent. I would love to try some in the future with all the benefits.
The Chase Sapphire Preferred card is one I’ve heard about from several other people, I love that they offer car rental insurance because I am one for road trips whenever I travel and end up spending quite a bit of money on buying insurance so this would help! Also, their welcome sign on bonus points are huge and love all the benefits they provide. Thanks for the recommendation, I might just look into it. I wonder if UAE residents can apply for one too?
The bonuses and benefits on these cards are very appealing, but the downside is the quite high spend in order to get them. I’m not sure how easy that would be! But if you were going to spend that much anyway, they’re great deals!