Travelling can be fun and a hassle at the same time. Fun because you get to visit new places. A hassle because you need to figure out and plan for the entire experience.
However, thanks to various credit cards, such hassle is history. You get to enjoy yourself thoroughly without any delay or booking headaches. The following are the best credit cards for international travel.
- American Express Platinum Card for Schwab
This has got to be the best credit card for international travel. As they say, being a Schwab investor has never been more rewarding.
The Fees and APR
First off, the best credit cards for the international travel charge an annual fee of $550. However, when traveling around the world, you don’t get charged any foreign transaction fees from American Express when using your card.
In addition, there are no interest charges if you pay your balance in full every month.
There are various benefits a platinum card holder can experience including the following:
Schwab Appreciation Bonus
You can get up to $100 in card statements for your credit if your Schwab holdings match $250,000 or surpass that figure. You can also get $200 in card statement if your Schwab holdings match $1,000,000 or surpass that figure when evaluated after your card account is approved and per year thereon.
Membership Reward Points
With a platinum card, you earn a point for every dollar worth of eligible purchases. For example, you’ll earn 60,000 membership rewards points for every $5,000 you make in purchases on your card in your first 3 months of card membership.
What’s even better is that you can redeem these points for cash. The money earned from these points are deposited in your eligible Schwab account. 60,000 points earn you $750.
Travel and Entertainment Benefits
Uber Rides with Platinum
Move around like a boss thanks to Uber rides with platinum. Customers with the Schwab Platinum card from American Express get treated to Uber VIP experiences.
In addition, you get $15 worth of Uber rides within the U.S. every month. Even more is that you get $20 bonus in December. That translates to up to $200 in Uber savings per year*.
Before moving on, it is important to note that only Basic Card Members qualify for the above services.
The benefits don’t stop at Uber rides, you also get 5X MR Points when you book flights exclusively with associated airlines or with American Express Travel.
Besides that, you also qualify for 5X Membership Rewards points for all bookings made via amextravel.com.
American Express Global Lounge Collection
When it’s time to travel, American Express Global Lounge Collection opens doors to at least 1,200 airport lounges in about 130 countries.
The best part about this is that the networks extend to numerous countries. For example, the Centurion Lounge and the International American Express lounges not forgetting partner networks such as Priority Pass and Delta Sky Club select lounges.
$200 Airline Fee Credit
You need to check your bags or want an in-flight meal? Leave that to American Express. Pick an eligible airline and you will get a maximum of $200 in credit statements for every year when the airline charges incidental fees on your Platinum card account. *
*Note that American Express only relies on accurate information regarding airline transaction data to identify any incidental fee purchases. If by any chance you don’t see any credit for an eligible incidental expense on your card past 4 weeks, dial the number located on the rear of your card.
Get statement credit after every 4 years from when you apply for Global entry which is also about $100 or $85 for TSA Pre-application fee with an eligible card.
If you get approved, accelerated screening at certain airports. If you get approved for Global Entry which comes at no additional cost, you will get access to TSA Pre.
In addition, every other card on eligible card accounts also qualifies for a statement credit after every 4 years for a fee.
For you to receive the statement credit, the application fee has to be charged on the eligible additional card.
The Fine Hotels and Resorts Program
Everyone wants to dine and spend the night at a fine hotel or resort and the Platinum Card for Schwab offers just that. You can get complimentary benefits with around $550* on total value with fine hotels and resorts.
*Average value based on fine hotels and resort bookings in 2017 for stays of 2 nights.
Benefits here include daily breakfast for 2, room upgrades, property amenities worth $100, guaranteed 4pm late check-out, midday check-in and complimentary Wi-Fi.
Charles Schwab Investor Card
From American Express
The Schwab American Express Investor Card is another fantastic card you need to have in your wallet while traveling.
As a welcome offer, you will get a $100 card credit statement after you spend $1,000 worth of purchases using your American Express card within the first 3 months of card membership.
The Fees and APR
This is the best part about having a Schwab American Express Investor Card. You don’t get to pay any annual fees! How cool is that?
Besides that, there are 0% introductory APR on purchases and balance transfers for the first 6 months. APR rates then vary from them on from about 15.99% to 18.99% all dependent on your creditworthiness and other elements.
Benefits for Investors
Cash Back on Everyday Purchases
As an investor, you get unlimited 1.5% cash back deposited automatically into your eligible Schwab account for any purchase made using your card.
Travel and entertainment benefits
Dining and Events
When it comes to events and dining, Schwab American Express Investor Card comes in handy. It acts as your personal assistant helping you in securing a convenient dining and event reservations.
Shopping and traveling
What’s traveling if you don’t go shopping while at it? Your card acts as your first line of defense in terms of:
- Purchase protection
- Car Rental Loss and Damage Insurance
- Return Protection and Extended Warranty
Furthermore, as a card member, you get professional and world-class customer service round the clock.
There are numerous other credit cards you can use while on international travel. However, the 2 outlined above offer the best credit cards for international travel. You get to enjoy the numerous benefits offered by these cards.
All in all, since there are a number of credit cards that offer various travel benefits, it is important that you find a card that suits your needs as well as your lifestyle.