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Best travel credit cards of May 2024

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Bankrate expert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. After regularly featuring his credit card, credit monitoring and identity theft analysis on NextAdvisor.com, he joined the CreditCards.com and Bankrate teams as a staff writer to develop product reviews and comprehensive credit card guides focused on cash back, credit scores and card offers.

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Stephanie Zito is a professional traveler, self-employed humanitarian consultant and collector of credit card points. She shares savvy travel tips that she’s learned firsthand circling the globe for more than 25 years. She’s a backpacker, expect and premium traveler who’s visited more than 130 countries and all seven continents. Her life motto is “See the world, change the world, have fun doing it!” and her mission is to inspire others along the journey.

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Travel credit cards help you earn valuable points and miles on your purchases. For maximum value, some cards earn rewards not only on travel, but also everyday purchases like dining, groceries and gas. You can redeem these rewards for free or discounted flights, hotel stays or to cover other travel-related expenses.

The best travel cards also come with additional features. Even no-annual-fee travel cards are likely to offer perks like sign-up bonuses, intro APR offers and travel insurance. But for top-of-the-line benefits like airport lounge access, elite status and travel credits, expect to pay an annual fee.

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Bankrate's Best Travel Credit Cards of May 2024

• Best starter travel card:  Chase Sapphire Preferred® Card
• Best for no annual fee:  Capital One VentureOne Rewards Credit Card  ( See Rates & Fees )
• Best for flat-rate rewards:  Capital One Venture Rewards Credit Card
• Best for intro APR:  Bank of America® Travel Rewards credit card
• Best for practical perks:  Capital One Venture X Rewards Credit Card
• Best for hotel bookings: Wells Fargo Autograph Journey℠ Card
• Best for point values:  Chase Sapphire Reserve®
• Best for pairing:  Chase Freedom Unlimited®
• Best for luxury travel:  The Platinum Card® from American Express
• Best for foodies:  American Express® Gold Card
• Best for everyday spending: Citi Premier® Card
• Best no-annual-fee hotel card:  Hilton Honors American Express Card
• Best luxury hotel card:  Marriott Bonvoy Brilliant® American Express® Card
• Best for companion tickets:  Delta SkyMiles® Platinum American Express Card
• Best for first-year value:  Discover it® Miles
• Best for fair credit:  Credit One Bank Wander® Card
• Best for gas: Wells Fargo Autograph℠ Card
• Best starter airline card: Southwest Rapid Rewards® Plus Credit Card
• Best for expedited security screening:  Bank of America® Premium Rewards® credit card
• Best for transfer partners: Bilt Mastercard®
• What to know about travel credit cards
• Tips for choosing the best travel card

Travel credit card perks

How do credit card points and miles work.

• Expert advice on travel cards

How we assess the best travel credit cards

• Frequently asked questions
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Chase Sapphire Preferred® Card

Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.

Intro offer

Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠.

Offer valuation

We calculate this number by multiplying the card's intro offer by Bankrate's valuation of this issuer's rewards program , showing you how much your points or miles are worth in dollars.

Rewards rate

5x on travel purchased through Chase Travel℠. 3x on dining, select streaming services and online groceries. 2x on all other travel purchases. 1x on all other purchases.

Regular APR

• 5x 5x on travel purchased through Chase Travel℠.
• 3x 3x on dining, select streaming services and online groceries.
• 2x 2x on all other travel purchases.
• 1x 1x on all other purchases.

What we love: This popular card comes loaded with features that can make it easy even for occasional travelers to offset the modest $95 annual fee without eating into hard-earned rewards. Plus, its rewards program is one of the best, giving you some of the most valuable travel redemptions — through both Chase and transfer partners — and Chase card pairing opportunities if you want to build your card portfolio eventually. Learn more: Why expert Margaret Weck loves using the Chase Sapphire Preferred Alternatives: The Citi Premier® Card not only has a comparable sign-up bonus and the same annual fee as the Sapphire Preferred, but also covers even more everyday categories, including  supermarkets and gas stations, potentially making it a better fit as a standalone rewards card. 

• You earn Ultimate Rewards points with this card — some of the most valuable and flexible rewards around, especially if you pair it with Chase’s cash back cards in the future.
• The card touts significant long-term benefits like anniversary bonus points and travel credits, as well as travel protections like trip cancellation insurance and a car rental collision damage waiver.
• Doesn’t offer airline- or hotel-specific perks like free checked bags, elite status or free night stays.
• The sign-up bonus is decent, but the card has previously offered higher, chart-topping bonus points.
• Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠.
• Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
• Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 75,000 points are worth $937.50 toward travel.
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
• Member FDIC

Capital One VentureOne Rewards Credit Card

• Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel

1.25 Miles - 5 Miles

5 Miles per dollar on hotels and rental cars booked through Capital One Travel 1.25 Miles per dollar on every purchase, every day

• 5 Miles 5 Miles per dollar on hotels and rental cars booked through Capital One Travel
• 1.25 Miles 1.25 Miles per dollar on every purchase, every day

What we love: This card offers some of the same advantages as the Capital One Venture, without the burden of an annual fee. It gives you the chance to earn flat-rate miles on your everyday spending and the option to transfer miles to over 15 loyalty program partners to even cover travel purchases outside Capital One — a unique level of redemption flexibility for a starter travel card. Learn more: Reasons to get the VentureOne Rewards Card Alternatives: A general-purpose flat-rate credit card that offers 2X points or 2 percent cash back on all purchases may bring more value if you don’t travel often and aren’t ready to upgrade to a travel rewards credit card with an annual fee. However, the Discover it® Miles earns a flat-rate 1.5X miles that can also be redeemed for cash back at 1-cent per mile, which is unusual for travel rewards.

• The welcome offer is generous for a no-annual-fee travel credit card.
• Booking hotel stays and rental cars through Capital One Travel nets you an impressive 5X miles.
• Unlike several no-annual-fee travel cards, redeeming for non-travel purchases waters down your rewards’ value.
• Capital One has no major U.S. carrier in its line-up of travel partners.
• $0 annual fee and no foreign transaction fees
• Earn unlimited 1.25X miles on every purchase, every day
• Miles won't expire for the life of the account and there's no limit to how many you can earn
• Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
• Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
• Transfer your miles to your choice of 15+ travel loyalty programs
• Enjoy 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; balance transfer fee applies

Capital One Venture Rewards Credit Card

New Venture cardholders can earn 75,000 miles once they spend $4,000 on purchases within 3 months from account opening

2 Miles - 5 Miles

5 Miles per dollar on hotels and rental cars booked through Capital One Travel 2 Miles per dollar on every purchase, every day

• 2 Miles 2 Miles per dollar on every purchase, every day

What we love: It’s a great option for travelers looking for a straightforward rewards program and flexible redemption options. You'll earn unlimited miles on all eligible spending and can redeem not only for travel bookings, but also as a statement credit to cover travel purchases made in the past 90 days. Learn more: Why expert Jacqueline DeMarco loves the Capital One Venture Rewards Credit Card Alternatives: The Chase Sapphire Preferred® Card offers a higher rewards rate in some everyday spending categories and potentially more valuable points. Chase points are worth 1.25 cents each if you redeem for travel through Chase, while Capital One miles are only worth 1 cent each when you redeem for travel. Plus, Chase rewards are more helpful for occasional travelers since you can redeem as cash back at 1-cent-per-point value.

• Carries solid perks given its low annual fee, including expedited airport purchase security and hotel experience credits, lost luggage reimbursement and more.
• Zero foreign transaction fees make this an excellent choice for international travelers.
• You can’t offset the annual fee with annual travel credits or bonuses alone as you can with some rival cards.
• The card’s sign-up bonus carries a high spending requirement, so it may be tough to earn if you don’t have large purchases on the horizon.
• Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
• Earn unlimited 2X miles on every purchase, every day
• Receive up to a $100 credit for Global Entry or TSA PreCheck®
• Enrich every hotel stay from the Lifestyle Collection with a suite of cardholder benefits, like a $50 experience credit, room upgrades, and more

Bank of America® Travel Rewards credit card

• 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
• Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.
• 1.5X Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.

What we love: This entry-level travel card keeps things simple for occasional travelers. It offers simple flat-rate rewards and lets you redeem for a broad mix of travel options not typically available on many travel cards, such as cash back toward purchases with travel agencies,  zoos, art galleries and more. It’s even more valuable if you’re a Bank of America customer and can qualify for a rewards boost through the Bank of America Preferred Rewards® program. Learn more: Is the Bank of America Travel Rewards card worth it? Alternatives: The Capital One VentureOne Rewards Credit Card is another great starter travel card, but, unlike many cards in this category, it lets you transfer your miles to airline and hotel partners, potentially for a higher redemption value.

• Its easy-to-earn sign-up bonus and intro APR offers give this card good short-term value.
• No annual fees or foreign transaction fees sweeten this offer.
• It only offers 1.5X points on purchases, and you can’t transfer points can’t to airline partners for more rewards value, so it may not be as lucrative as competing cards.
• The top tiers of the Bank of America Preferred Rewards® program may be out of reach for many cardholders.
• Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.
• Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
• 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
• If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.
• Contactless Cards - The security of a chip card, with the convenience of a tap.
• This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Capital One Venture X Rewards Credit Card

• Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

2 Miles - 10 Miles

10 Miles per dollar on hotels and rental cars booked through Capital One Travel 5 Miles per dollar on flights booked through Capital One Travel 2 Miles per dollar on every purchase, every day

• 10 Miles 10 Miles per dollar on hotels and rental cars booked through Capital One Travel
• 5 Miles 5 Miles per dollar on flights booked through Capital One Travel

What we love: This is the perfect middleground for travelers who want the practical benefits from luxury travel cards without dealing with bloated features and an annual fee upwards of $500. It offers complimentary lounge access, high-earning bonus rewards categories, anniversary credits and bonus miles, which can easily make the card worth it for frequent travelers. Learn more: Capital One Venture X Benefits Guide Alternatives: If a higher annual fee is no issue, consider The Platinum Card® from American Express. It’s a top choice for frequent travelers thanks to its impressive welcome offer and luxury perks like annual travel credits, lounge access and hotel elite status. However, the Chase Sapphire Reserve® may be better if your luxury travel experience calls for racking up more rewards.

• Offers anniversary bonus miles and a chance to earn credits worth hundreds of dollars starting at your first account anniversary.
• Comes with complimentary lounge access at over 1,300 lounges for you and two guests per visit.
• To earn the anniversary credit, travel must be booked through the Capital One Travel portal. That’s not as flexible as some other cards, which offer credits that cover any travel purchases, regardless of how you book.
• Lacks some perks found on other premium travel cards like airline or hotel elite status, which can get you benefits like free checked bags or room upgrades.
• Receive a $300 annual credit for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
• Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
• Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
• Earn unlimited 2X miles on all other purchases
• Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
• Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
• Elevate every hotel stay from the Premier or Lifestyle Collections with a suite of cardholder benefits, like an experience credit, room upgrades, and more

Wells Fargo Autograph Journey℠ Card

• Earn 60,000 bonus points when you spend $4,000 in purchases in the first 3 months – that’s $600 toward your next trip.

Earn unlimited 5X points on hotels Earn unlimited 4X points on airlines Earn unlimited 3X points on other travel and restaurants Earn 1X points on other purchases

• 5X Earn unlimited 5X points on hotels
• 4X Earn unlimited 4X points on airlines
• 3X Earn unlimited 3X points on other travel and restaurants
• 1X Earn 1X points on other purchases

What we love: It offers a great rewards rate on hotel bookings and gives you a chance to earn a $50 annual statement credit with a $50 minimum airline purchase. Add in a solid rate on airline purchases, other travel and restaurants and this card carries great value as a standalone mid-tier card for occasional travelers. Alternatives: If you want to earn travel rewards but don’t actually spend much on hotels and airfare, the lower-tier Wells Fargo Autograph℠ Card is also worth a look. Though it earns also rewards on travel, it boasts a great mix of other practical everyday categories (including gas stations).

• You can transfer points to Wells Fargo’s new list of airline and hotel partners, including popular programs like British Airways Executive Club, Choice Privileges and more, which could boost the redemption value of your rewards.
• The $50 annual statement credit offsets more than half the card’s $95 annual fee and should be a cinch to earn if you fly at least once per year.
• Wells Fargo only offers one other card that earns travel rewards (the Autograph), and there is some category overlap between the two, so they may not be as lucrative as some competing card stacks.
• The card doesn’t carry some popular travel perks available on other mid-tier travel cards, such as credits for expedited airport security screening or rideshares.
• Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
• Earn unlimited 5X points on hotels, 4X points on airlines, 3X points on other travel and restaurants, and 1X points on other purchases.
• $95 annual fee.
• Book your travel with the Autograph Journey Card and enjoy Travel Accident Insurance, Lost Baggage Reimbursement, Trip Cancellation and Interruption Protection and Auto Rental Collision Damage Waiver.
• Earn a $50 annual statement credit with $50 minimum airline purchase.
• Up to $1,000 of cell phone protection against damage or theft. Subject to a $25 deductible.
• Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.

Chase Sapphire Reserve®

Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.

Earn 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠. Earn 5x total points on flights through Chase Travel℠. Earn 3x points on other travel and dining. Earn 1 point per $1 spent on all other purchases.

• 10x Earn 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠.
• 5x Earn 5x total points on flights through Chase Travel℠.
• 3x Earn 3x points on other travel and dining.
• 1x Earn 1 point per $1 spent on all other purchases.

What we love: Rewards-savvy travelers will be hard-pressed to find a card with better rewards potential than the Sapphire Reserve. Points are worth 50 percent more through Chase Travel, and potentially more with the right transfer partner. It’s a stellar partner for Chase’s cash back cards and stacks on even more value with enough perks to recoup the annual fee without relying on hard-earned rewards. Learn more: Why expert Holly Johnson loves the Chase Sapphire Reserve Card Alternatives: The Capital One Venture X Rewards Credit Card offers some of the same key perks as the Sapphire Reserve at a much lower cost. Along with a generous rewards rate on both Capital One Travel and general purchases, the card boasts valuable, practical benefits like competitive airport lounge access , up to $300 in annual Capital One Travel credits and 10,000 bonus miles every year on your account anniversary.

• You can kickstart your rewards bank with one of the most valuable sign-up bonuses on the market.
• Its top-tier benefits include up to $300 in annual travel statement credits, Priority Pass airport lounge access, exhaustive travel protections and stand-out partner perks.
• The card’s cost could be a deterrent for some new cardholders, especially if they plan on encountering adding multiple authorized users.
• You won’t get as many luxury hotel and airport lounge perks with this card as you would with some of its rivals.
• Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.
• $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
• Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
• Get 50% more value when you redeem your points for travel through Chase Travel℠. For example, 75,000 points are worth $1125 toward travel.
• 1:1 point transfer to leading airline and hotel loyalty programs
• Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®

Chase Freedom Unlimited®

Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases.

Offer valuation is not available for this credit card.

Enjoy 5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service 1.5% on all other purchases

• 5% Enjoy 5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
• 3% 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service
• 1.5% 1.5% on all other purchases

What we love: Not only does it earn 1.5 percent cash back on general spending, but it also has a bonus cash back rate for drugstores and dining at restaurants. And if you pair it with one or two premium Chase travel cards, you could pool your rewards for better travel redemption value.  Learn more: Why I love the Chase Freedom Unlimited Alternatives: If you want to take advantage of even more rewarding cash back categories and remain in the Chase family, consider the Chase Freedom Flex℠ .

• You can pool rewards with other Chase cards to maximize your earnings.
• The additional rewards rate offer can add even more cash back to your pocket for the first year.
• The welcome offer isn’t as competitive as other cards’ offers.
• Maximizing rewards with this and other Chase cards can get complicated for people who like simple rewards programs.
• Intro Offer: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
• Enjoy 6.5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
• After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
• No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
• Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
• No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
• Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.

The Platinum Card® from American Express

Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership.

Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year. Earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.

• 5X Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year.
• 5X Earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.

What we love: Luxury travelers and big spenders will appreciate the bevy of travel benefits, including annual statement credits worth around $1,700, elite hotel loyalty status and access to perhaps the most comprehensive airport lounge access available with a credit card. Learn more: Why expert Holly Johnson loves the Platinum Card® from American Express Alternatives: The Capital One Venture X Rewards Credit Card offers a taste of luxury at a lower cost than many premium travel cards. You can unlock a generous rewards rate on both travel and general purchases, complimentary access to popular airport lounge memberships and valuable annual travel credits and anniversary miles.

• Comes with a generous welcome offer and a longer time period to earn it compared to most rewards cards.
• A robust line-up of airline and hotel partners and related perks make this card truly valuable for travelers.
• The $695 annual fee may not be worth it if you don’t spend much on travel frequently or can’t take full advantage of the card’s luxury — and often niche — perks.
• Redeeming and maximizing the card’s credit and benefits requires some legwork and can be a bit confusing.
• Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
• Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
• $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
• $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
• $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership (subject to auto-renewal) with a statement credit after you pay for Walmart+ each month with your Platinum Card®. Cost includes $12.95 plus applicable local sales tax. Plus Up Benefits are excluded.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.
• $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only. Terms Apply.
• $300 Equinox Credit: Get up to $300 back in statement credits per calendar year on an Equinox membership, or an Equinox club membership (subject to auto-renewal) when you pay with your Platinum Card®. Enrollment required. Visit https://platinum.equinox.com/ to enroll.
• $189 CLEAR® Plus Credit: Breeze through security with CLEAR Plus at 100+ airports, stadiums, and entertainment venues nationwide and get up to $189 back per calendar year on your Membership (subject to auto-renewal) when you use your Platinum Card®. Learn more.
• $100 Global Entry Credit: Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
• Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
• $300 SoulCycle At-Home Bike Credit: Get a $300 statement credit for the purchase of a SoulCycle at-home bike with your Platinum Card®. An Equinox+ subscription is required to purchase a SoulCycle at-home bike and access SoulCycle content. Must charge full price of bike in one transaction. Shipping available in the contiguous U.S. only. Enrollment Required.
• Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.
• $695 annual fee.
• Terms Apply.

American Express® Gold Card

Earn 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.

Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.

• 4X Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S.
• 4X Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
• 3X Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.

What we love: Few credit cards are more rewarding for traveling foodies than the American Express Gold Card. Both the food-related annual credits and the rewards rates at restaurants, U.S. supermarkets and on flights booked directly with airlines or via the Amex travel portal are some of the best on the market. In fact, the up to $240 in credits each year alone nearly make up for the annual fee. Learn more: Why the Amex Gold is worth the annual fee Alternatives: If the Amex Gold Card’s annual fee sounds high, consider the Chase Sapphire Preferred® Card . It carries key travel perks, high travel and dining rewards rates, and a much lower annual fee.

• This card features one of the best rewards return rates available on dining, groceries and food deliveries.
• There is no preset spending limit, so you can enjoy extended purchasing power, and you also have the option to pay off purchases with Pay Over Time if necessary.
• Although the card touts a solid collection of travel perks, it doesn’t include popular premium card perks like airport lounge access or trip cancellation/interruption insurance.
• Only eligible airfare earns more than 1X points, while rival cards often earn similar (or higher) reward rates on hotel stays and other travel purchases as well.
• Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
• Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
• Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
• $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
• $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
• Get a $100 experience credit with a minimum two-night stay when you book The Hotel Collection through American Express Travel. Experience credit varies by property.
• Choose the color that suits your style. Gold or Rose Gold.
• No Foreign Transaction Fees.
• Annual Fee is $250.

Citi Premier® Card

Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

Earn 3 Points per $1 spent at Gas Stations, Air Travel and Other Hotels Earn 3 Points per $1 spent at Restaurants and Supermarkets Earn 1 Point per $1 spent on all other purchases

• 3X Earn 3 Points per $1 spent at Gas Stations, Air Travel and Other Hotels
• 3X Earn 3 Points per $1 spent at Restaurants and Supermarkets
• 1X Earn 1 Point per $1 spent on all other purchases

What we love: This mid-level travel card packs a high rewards rate on both travel and everyday spending, making it a great standalone rewards option for everyday spenders who want to pay an easily justifiable annual fee. In fact, the card includes an annual hotel credit that can offset the card’s annual fee on its own. Learn more: Read why travel podcaster Julia Menez loves the Citi Premier Card Alternatives: The Chase Sapphire Preferred® Card boasts fewer everyday bonus categories, but it may offer more valuable rewards, perks and travel protections. Chase points are worth 25 percent more when you redeem for travel through Chase Travel℠.

• Offers some of the best rates for a variety of daily expenses like dining, groceries and gas, making the card a good option for less frequent travelers.
• Citi has a robust line-up of travel partners, making it a valuable partner alongside Citi’s cash back cards.
• Doesn’t carry some key perks that competing cards offer, like travel insurance or notable travel benefits beyond the annual hotel credit.
• Budget-conscious customers might balk at the annual fee, especially if they won’t get much use from the hotel credit.
• Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening. Plus, for a limited time, earn a total of 10 ThankYou® Points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel℠ portal through June 30, 2024.
• Earn 3 Points per $1 spent at Gas Stations, Air Travel and Other Hotels
• Earn 3 Points per $1 spent at Restaurants and Supermarkets
• Earn 1 Point per $1 spent on all other purchases
• Annual Hotel Savings Benefit
• 60,000 ThankYou® Points are redeemable for $600 in gift cards or travel rewards at thankyou.com
• No expiration and no limit to the amount of points you can earn with this card
• No Foreign Transaction Fees on purchases

Hilton Honors American Express Card

• Earn 80,000 Hilton Honors Bonus Points after you spend $2,000 in purchases on the Card in the first 6 months of Card Membership.

Earn 7X Hilton Honors Bonus Points for each dollar of eligible purchases charged on your Card directly with hotels and resorts within the Hilton portfolio. Earn 5X Points per dollar on purchases at U.S. restaurants, at U.S. supermarkets, and at U.S. gas stations. Earn 3X Points for all other eligible purchases on your Card.

• 7X Earn 7X Hilton Honors Bonus Points for each dollar of eligible purchases charged on your Card directly with hotels and resorts within the Hilton portfolio.
• 5X Earn 5X Points per dollar on purchases at U.S. restaurants, at U.S. supermarkets, and at U.S. gas stations.
• 3X Earn 3X Points for all other eligible purchases on your Card.

What we love: This card earns rewards in a terrific mix of everyday bonus categories, so it should be easy to rack up Hilton points even if you don’t spend a ton on hotel bookings. Since it charges no annual fee and provides a few Hilton Honors benefits like Silver status, it’s also a great fit if you’re new to hotel cards and want a single no-annual-fee option instead of juggling multiple rewards cards. Learn more: Why expert Holly Johnson loves the Hilton Honors American Express Card Alternatives: The American Express® Green Card could be more flexible since it lets you earn and redeem rewards on a much wider variety of travel purchases, including airfare and bookings with several hotel brands, not just Hilton. You can transfer points to the Hilton Honors program as well, but the Hilton Honors American Express Surpass® Card may be better if you prefer upgraded Hilton-specific rewards, loyalty status and other perks.

• Comes with automatic Silver Elite status, which includes a free fifth award night when you book at least four consecutive nights with points.
• Earns rewards in three of the average person’s biggest spending categories, making it a terrific standalone option for earning Hilton points.
• A higher-tier Hilton card would earn more on Hilton bookings and could be more lucrative for frequent guests, even with an annual fee.
• You can only redeem points with Hilton and its partners, which limits the rewards value you earn on the everyday categories compared to a general-purpose cards’ rewards.
• Earn 7X Hilton Honors Bonus Points for each dollar of eligible purchases charged on your Card directly with hotels and resorts within the Hilton portfolio.
• Earn 5X Points per dollar on purchases at U.S. restaurants, at U.S. supermarkets, and at U.S. gas stations.
• Earn 3X Points for all other eligible purchases on your Card.
• Enjoy complimentary Hilton Honors™ Silver status with your Card. Plus, spend $20,000 on eligible purchases on your Card in a calendar year and you can earn an upgrade to Hilton Honors™ Gold status through the end of the next calendar year.
• No Foreign Transaction Fees. Enjoy international travel without additional fees on purchases made abroad.
• No Annual Fee.

Marriott Bonvoy Brilliant® American Express® Card

• Earn 95,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership.

Earn 6X Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in Marriott Bonvoy® 3X points at restaurants worldwide and on flights booked directly with airlines 2X points on all other eligible purchases

• 6X Earn 6X Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in Marriott Bonvoy®
• 3X 3X points at restaurants worldwide and on flights booked directly with airlines
• 2X 2X points on all other eligible purchases

What we love: Frequent Marriott guests looking for luxury card-level perks and elite status should be able to justify this premium card. Along with a terrific rewards rate on Marriott bookings and an annual free night award, you could enjoy generous annual credits for restaurant purchases and Marriott property stays, airport lounge access, elite night credits and more. Learn more: Best Marriott credit cards Alternatives: If you’re looking for top-tier travel perks but want the flexibility to earn and redeem rewards for stays at any hotel chain, consider an elite travel card from Chase or Amex, which can come with generous travel benefits, airport lounge access and the ability to transfer points to Marriott. The Capital One Venture X Rewards Credit Card is another lucrative alternative.

• Outperforms other Marriott cards with its boosted rewards on travel-related categories and 21X points at Marriott Bonvoy hotels, thanks to the automatic Platinum Elite status.
• It’s one of the only hotel cards that includes complimentary Priority Pass lounge access, top travel protections and credits for expedited airport security screening.
• Unlocking some of the card’s best perks — like Five Suite Night Awards — requires a $60,000 annual spend, which may be tough to reach even for frequent Marriott guests.
• Unless luxury perks are at the top of your wishlist, the annual fee may not be worth it and a lower-tier hotel card may offer more value overall.
• $300 Brilliant Dining Credit: Each calendar year, get up to $300 (up to $25 per month) in statement credits for eligible purchases made on the Marriott Bonvoy Brilliant® American Express® Card at restaurants worldwide.
• With Marriott Bonvoy Platinum Elite status, you can receive room upgrades, including enhanced views or suites, when available at select properties and booked with a Qualifying Rate.
• Earn 6X Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in Marriott Bonvoy®. 3X points at restaurants worldwide and on flights booked directly with airlines. 2X points on all other eligible purchases.
• Free Night Award: Receive 1 Free Night Award every year after your Card renewal month. Award can be used for one night (redemption level at or under 85,000 Marriott Bonvoy points) at hotels participating in Marriott Bonvoy®. Certain hotels have resort fees.
• Each calendar year after spending $60,000 on eligible purchases on your Marriott Bonvoy Brilliant® American Express® Card, you will be eligible to select a Brilliant Earned Choice Award benefit. You can only earn one Earned Choice Award per calendar year. See https://www.choice-benefit.marriott.com/brilliant for Award options.
• $100 Marriott Bonvoy Property Credit: Enjoy your stay. Receive up to a $100 property credit for qualifying charges at The Ritz-Carlton® or St. Regis® when you book direct using a special rate for a two-night minimum stay using your Card.
• Fee Credit for Global Entry or TSA PreCheck®: Receive either a statement credit every 4 years after you apply for Global Entry ($100) or a statement credit every 4.5 years after you apply for a five-year membership for TSA PreCheck® (up to $85 through a TSA PreCheck official enrollment provider) and pay the application fee with your Marriott Bonvoy Brilliant® American Express® Card. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
• Each calendar year with your Marriott Bonvoy Brilliant® American Express® Card you can receive 25 Elite Night Credits toward the next level of Marriott Bonvoy® Elite status. Limitations apply per Marriott Bonvoy member account. Benefit is not exclusive to Cards offered by American Express. Terms apply.
• Enroll in Priority Pass™ Select, which offers unlimited airport lounge visits to over 1,200 lounges in over 130 countries, regardless of which carrier or class you are flying. This allows you to relax before or between flights. You can enjoy snacks, drinks, and internet access in a quiet, comfortable location.
• No Foreign Transaction Fees on international purchases.
• With Cell Phone Protection, you can be reimbursed, the lesser of, your repair or replacement costs following damage, such as a cracked screen, or theft for a maximum of $800 per claim when your cell phone line is listed on a wireless bill and the prior month's wireless bill was paid by an Eligible Card Account. A $50 deductible will apply to each approved claim with a limit of 2 approved claims per 12-month period. Additional terms and conditions apply. Coverage is provided by New Hampshire Insurance Company, an AIG Company.
• $650 Annual Fee.

Delta SkyMiles® Platinum American Express Card

• Earn 50,000 Bonus Miles after you spend $3,000 in purchases on your new Card in your first 6 months of Card Membership.

Earn 3X Miles on Delta purchases and purchases made directly with hotels. Earn 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets. Earn 1X Miles on all other eligible purchases.

• 3X Earn 3X Miles on Delta purchases and purchases made directly with hotels.
• 2X Earn 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets.
• 1X Earn 1X Miles on all other eligible purchases.

What we love: The annual companion certificate on Main Cabin domestic flights (taxes and fees apply) comes with this card after the first year is valuable enough to justify the annual fee even if you’re just looking for great Delta perks to make travel smoother with a partner. Plus, the companion certificate is easier to obtain than other airline cards’ since it carries no spending requirement that must be met beyond the card’s annual fee. Alternatives: The American Express® Green Card could be a great alternative since it charges a lower $150 annual fee, lets you earn and redeem rewards on travel with any eligible airline (not just Delta) and offers credits for Loungebuddy lounge access and Clear Plus. You can even transfer points to Delta at a 1:1 ratio.

• Boasts several valuable travel perks, including priority boarding, a free first checked bag and specialized annual credits for select rideshare services and reservations with Delta Stays and Resy.
• Gets you closer to Medallion Status and discounts on in-flight purchases, complimentary upgrades, and more.
• Its rewards rate on non-travel purchases is lacking — a general-purpose travel card could potentially offer better rewards value and flexibility for rewards travel outside Delta.
• No longer offers complimentary Delta Sky Club lounge access as of this year, although airport lounge access is a staple perk for premium travel cards.
• Receive a Companion Certificate on Main Cabin domestic, Caribbean, or Central American roundtrip flights each year after renewal of your Card. The Companion Ticket requires payment of government-imposed taxes and fees of no more than $80 for roundtrip domestic flights and no more than $250 for roundtrip international flights (both for itineraries with up to four flight segments). Baggage charges and other restrictions apply. See terms and conditions for details.
• Receive $2,500 Medallion® Qualification Dollars each Medallion Qualification Year and get closer to Status with MQD Headstart.
• Delta SkyMiles® Platinum American Express Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
• Earn $1 Medallion® Qualification Dollar for each $20 of purchases made on your Delta SkyMiles® Platinum American Express Card in a calendar year and get a boost toward achieving Medallion Status for next Medallion Year.
• Earn 3X Miles on Delta purchases and purchases made directly with hotels.
• Earn 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets and earn 1X Miles on all other eligible purchases.
• $120 Resy Credit: With the Delta SkyMiles® Platinum American Express Card Resy Credit, earn up to $10 per month in statement credits on eligible Resy purchases using your enrolled Card.
• $120 Rideshare Credit: You can earn up to $10 back in statement credits each month on U.S. rideshare purchases with select providers after you pay with your Delta SkyMiles® Platinum American Express Card. Enrollment Required.
• Enjoy your first checked bag free on Delta flights.
• Receive Main Cabin 1 Priority Boarding on Delta flights; board early, stow your carry-on bag and settle in sooner.
• Fee Credit for Global Entry or TSA PreCheck®: Receive $100 back for Global Entry or up to $85 back for TSA PreCheck® after you apply through any Official Enrollment Provider. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
• Delta SkyMiles® Platinum American Express Card Members with an eligible ticket will be added to the Complimentary Upgrade list, after Delta SkyMiles Medallion Members and Reserve Card Members.
• $350 Annual Fee.

Discover it® Miles

• Unlimited Bonus: Unlimited Mile-for-Mile match for all new cardmembers—only from Discover. Discover gives you an unlimited match of all the Miles you’ve earned at the end of your first year. You could turn 35,000 Miles to 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.

Automatically earn unlimited 1.5x Miles on every dollar of every purchase.

• 1.5X Automatically earn unlimited 1.5x Miles on every dollar of every purchase.

What we love: In addition to the exceptionally valuable Discover Match® , this card combines solid flat-rate rewards with consumer-friendly terms, like minimal fees and an equal value for both travel and cash back redemptions. Travelers who value simplicity will appreciate this card’s straightforward rewards and adaptability — even when you aren’t traveling. Learn more: Why expert Holly Johnson loves the Discover it® Miles Alternatives: The Capital One VentureOne Rewards Credit Card carries a more straightforward and still easy-to-reach welcome bonus. The VentureOne card also gives you the option of transferring miles to more than a dozen airline and hotel partners, which could increase the redemption value of your rewards.

• All miles earned in your first year will be matched at the end of the year, which could make it one of the most valuable first-year offers for no annual fee.
• Miles don’t lose value when they’re redeemed for cash back, which gives it a leg up over many travel rewards programs for occasional travelers.
• You’ll miss out on pretty standard travel perks like travel insurance, and car rental damage protection.
• The rewards structure lacks flexibility; you won’t be able to transfer your miles or use them to book travel.
• Automatically earn unlimited 1.5x Miles on every dollar of every purchase
• No annual fee
• Turn Miles into cash. Or redeem as a statement credit for your travel purchases like airfare, hotels, rideshares, gas stations, restaurants and more.
• 0% intro APR for 15 months on purchases. Then 17.24% - 28.24% Standard Variable Purchase APR will apply.
• Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
• Discover is accepted nationwide by 99% of the places that take credit cards.
• Terms and conditions apply.

Credit One Bank Wander® Card

Intro offer is not available for this Credit One Bank credit card.

Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site Earn 5x points on eligible travel, dining, and gas Earn 1x points on all other purchases

• 10X Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site
• 5X Earn 5x points on eligible travel, dining, and gas
• 1X Earn 1x points on all other purchases

What we love: The Credit One Bank Wander® Card is a solid option if you want to earn points on travel but have trouble qualifying for mainstream travel cards. Not only is this card accessible with only fair credit, but its rewards program boasts generously high rewards rates in key travel categories. Learn more: Best travel cards for people with bad or fair credit Alternatives: If you don’t mind putting down a refundable security deposit, consider a no-annual-fee secured card like the Bank of America® Customized Cash Rewards Secured Credit Card *. It’s a unique secured card that lets you build credit while earning rewards in a category of your choice (with travel just one of many popular options) as well as grocery stores and wholesale clubs.

• It’s one of the only travel rewards cards available with a fair credit score, making it a decent option if you want to earn travel rewards as you work on your score.
• Provides 5X points in travel, dining and gas, plus 10X points on eligible hotel and rental car bookings through Credit One Bank — rare and impressive rates with only fair credit.
• Its annual fee is high compared to other cards you can get with a fair credit score , so it may not be the best fit if you prioritize building credit over earning rewards.
• Other travel cards may offer better perks, fewer redemption restrictions and more value, so it may be worth working on your score with a lower-cost card before committing to the costly annual fee.
• Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site
• Earn 5x points on eligible travel, dining, and gas
• Earn 1x points on all other purchases
• Redeem your reward points for statement credits, gift cards, merchandise, flights, hotels, and more
• With $0 Fraud Liability, you won’t be responsible for unauthorized charges
• Free Online Credit Score and Credit Report summary, terms apply
• If you are a Covered Borrower under the Military Lending Act, you may get a different offer
• See Rates & Fees

Wells Fargo Autograph℠ Card

• Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months - that's a $200 cash redemption value.

Earn unlimited 3X points on restaurants, travel, gas stations, transit, popular streaming services and phone plans. Earn 1X points on other purchases

• 3X Earn unlimited 3X points on restaurants, travel, gas stations, transit, popular streaming services and phone plans.

What we love: The Wells Fargo Autograph card is a great option for occasional travelers and households on the go looking to earn rewards while avoiding an annual fee and reduced redemption value for cash rewards. It’s one of a few entry-level travel cards to offer high, year-round bonus rewards for gas, dining, transit and other key travel needs. Learn more: Is the Wells Fargo Autograph worth it? Alternatives: If you’re looking for ways to maximize the value of your rewards, you should consider a travel card that lets you transfer your points to airlines or hotels, like the Bilt Mastercard® or Chase Sapphire Preferred® Card.

• While some issuers only reward travel purchases made directly with airlines or through issuer portals, this card lets you shop around for the best deal on third-party travel sites and still earn extra rewards.
• Carries decent perks such as rental car collision damage waiver coverage, roadside assistance and Visa Signature® Concierge benefits, like access to Visa’s Luxury Hotel Collection (terms apply).
• Unlike with traditional travel cards, you cannot transfer your points to airlines or hotels
• The travel perks and intro APR are weak compared to competing travel-oriented cards’ offers.
• Select "Apply Now" to take advantage of this specific offer and learn more about product features, terms and conditions.
• Earn unlimited 3X points on the things that really add up - like restaurants, travel, gas stations, transit, popular streaming services, and phone plans. Plus, earn 1X points on other purchases.
• $0 annual fee.
• 0% intro APR for 12 months from account opening on purchases. 20.24%, 25.24%, or 29.99% variable APR thereafter.
• Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
• Redeem your rewards points for travel, gift cards, or statement credits. Or shop at millions of online stores and redeem your rewards when you check out with PayPal.

Southwest Rapid Rewards® Plus Credit Card

• Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.

Earn 2X points on Southwest® purchases. Earn 2X points on local transit and commuting, including rideshare. Earn 2X points on internet, cable, and phone services; select streaming. Earn 2X points on Rapid Rewards® hotel and car rental partners. Earn 1X points on all other purchases.

• 2X Earn 2X points on Southwest® purchases.
• 2X Earn 2X points on local transit and commuting, including rideshare.
• 2X Earn 2X points on internet, cable, and phone services; select streaming.
• 2X Earn 2X points on Rapid Rewards® hotel and car rental partners.
• 1X Earn 1X points on all other purchases.

What we love: This card’s anniversary bonus offers enough value to nearly offset the annual fee on its own, so it should be a terrific low-stakes option whether you’re new to airline cards or a regular Southwest flyer looking for a low-maintenance card. Plus, its sign-up bonus value is on par with the value you’ll get with much pricier airline and travel cards. Learn more: Southwest Rapid Rewards Plus benefits guide Alternatives: The Southwest Rapid Rewards® Priority Credit Card could offer better value overall, despite its $149 annual fee. It carries an annual $75 Southwest travel credit and 7,500 bonus points each year on your account anniversary — more than enough value to justify the higher fee.

• You’ll automatically earn 3,000 Rapid Rewards points each year after your account anniversary, which could offset much of the card’s already-low annual fee.
• Delivers the same hefty sign-up bonus as higher-tier Southwest cards.
• Unlike several travel cards, it doesn’t carry rewards categories for popular everyday purchases like gas or dining.
• It may not be the best Southwest value for frequent flyers since it poses a 3 percent foreign transaction fee and doesn’t offer perks like upgraded boardings or elite status benefits.
• 3,000 anniversary points each year.
• Earn 2X points on Southwest® purchases.
• Earn 2X points on local transit and commuting, including rideshare.
• Earn 2X points on internet, cable, and phone services; select streaming.
• 2 EarlyBird Check-In® each year.
• Earn 1 point for every $1 spent on all other purchases.

Bank of America® Premium Rewards® credit card

• Receive 60,000 online bonus points - a $600 value - after you make at least $4,000 in purchases in the first 90 days of account opening.

Earn unlimited 2 points for every $1 spent on travel and dining purchases. Earn unlimited 1.5 points for every $1 spent on all other purchases.

• 2X Earn unlimited 2 points for every $1 spent on travel and dining purchases.
• 1.5X Earn unlimited 1.5 points for every $1 spent on all other purchases.

What we love: If you do your banking with Bank of America and qualify for Preferred Rewards status, this card could provide an exclusive 25 percent to 75 percent rewards rate boost. The  rewards rates — 2X points on dining and travel, with 1.5X points on all other purchases — could increase to an incredible 3.5X on travel and dining with an unrivaled flat 2.62X points rate. Learn more: Why expert Sara Coleman loves the Bank of America Premium Rewards Card Alternatives: The similarly-priced Chase Sapphire Preferred® Card is one of the best alternatives thanks to its stellar travel protections, yearly bonus rewards and stronger rewards program. However, flat-rate cards like the Capital One VentureOne Rewards Credit Card or the Discover it® Miles card could be lucrative if you don’t think the $95 annual fee is worth it.

• The $95 annual fee is relatively affordable for this card category thanks to the up to $100 in yearly airline incidental statement credits.
• You can smooth out your travel experience with great benefits like credits toward TSA PreCheck or Global Entry and comprehensive travel insurance.
• Attaining the highest rewards rate is not an easy feat, since you’ll need to hold significant funds in Bank of America accounts.
• This card does not offer a few popular premium travel perks like lounge access.
• Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points for every $1 spent on all other purchases. No limit to the points you can earn and your points don't expire as long as your account remains open.
• If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more points on every purchase. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87-2.62 points on all other purchases, for every $1 you spend.
• Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill® accounts, or gift cards or purchases at the Bank of America Travel Center.
• Get up to $100 in Airline Incidental Statement Credits annually and TSA PreCheck®/Global Entry Statement Credits of up to $100, every four years.
• Travel Insurance protections to assist with trip delays, cancellations and interruptions, baggage delays and lost luggage.
• No foreign transaction fees.
• Low $95 annual fee.

Bilt Mastercard®

Intro offer is not available for this Wells Fargo credit card.

1X Points - 3X Points

3x points on dining 2x points on travel 1x points on other purchases Earn up to 1x points on rent payments without the transaction fee, up to 100,000 points each calendar year. When you make at least 5 posted transactions in a statement period using your Bilt Mastercard, you'll earn points on rent and qualifying net purchases.

• 3X Points 3x points on dining
• 2X Points 2x points on travel
• 1X Points 1x points on other purchases
• 1X Points Earn up to 1x points on rent payments without the transaction fee, up to 100,000 points each calendar year. When you make at least 5 posted transactions in a statement period using your Bilt Mastercard, you'll earn points on rent and qualifying net purchases.

What we love: Not only is this card is a terrific choice for renters since it earns rewards and waives transaction fees when using it to pay rent, it’s also great for rewards strategists considering the extremely robust travel rewards program. You can earn rewards on travel and dining and your points carry a high value whether you redeem through the Bilt travel portal or one of the many airline and hotel transfer partners. Alternatives: If you like the Bilt card’s travel rewards program but don’t see yourself renting long term, consider the Chase Sapphire Preferred® Card. It earns generously on both travel and dining and also boasts high-value points and transfer partners. If the way you pay rent doesn’t incur credit card payment fees, a flat-rate card may also be worth weighing. 

• It’s the only card that helps you avoid the fees typically associated with paying rent with a credit card.
• Offers a solid collection of travel perks for a no-annual-fee card, including trip cancellation and interruption protection, trip delay reimbursement and other high-level travel protections.
• You can only use rewards to cover rent, toward a future home down payment or for travel and shopping. Cash back isn’t an option.
• There is no sign-up bonus. Most competing travel cards — even those with no annual fee — offer at least a $200 bonus.
• $0 Annual Fee.
• Earn up to 1x points on rent payments without the transaction fee, up to 100,000 points each calendar year.
• 2x points on travel.
• 3x points on dining.
• 1x points on other purchases.
• Earn points when you make 5 transactions that post each statement period.
• When renting at a Bilt Alliance property, you can choose to have your rent payments automatically reported by Bilt to the three major credit bureaus each month; Experian™, TransUnion™, and Equifax™.

Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit  AmericanExpress.com/benefitsguide  for more details. Underwritten by Amex assurance company.

The information about the American Express® Green Card and Bank of America® Customized Cash Rewards Secured card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuers.

Compare Bankrate's best travel credit cards of 2024

What are travel credit cards.

Travel credit cards allow cardholders to earn points or miles on a variety of purchases (typically travel-related), which are redeemable for travel bookings, statement credits, gift cards and more.

The best travel credit cards do more than help you foot the bill for your next flight — travel cards also offer perks to upgrade your entire travel experience. Trip insurance , annual travel credits, concierge services and lounge access are all common benefits. Airline and hotel co-branded credit cards sometimes offer specific discounts and perks for loyalty program members.

Pros and cons of travel credit cards

Although a well-chosen travel card can pay huge dividends, it might not be the right move for every traveler. Before you apply, take time to weigh the benefits versus the drawbacks of travel credit cards .

Tips on choosing the best travel credit card for you

The right travel credit card for you will carry features and benefits that give you the best value. To help you narrow down your choices, here are the steps to choosing the best travel card.

How to choose a travel credit card

1. know how you prefer to travel.

Knowing whether your travel expenses lean toward airfare, hotel stays or a mix of other travel will help you decide whether you should get an airline card, hotel card or general-purpose travel card. A co-branded airline or hotel credit card may be a good fit if you mostly travel with a certain brand and want exclusive privileges to enhance your experience. A general-purpose travel card is better if you prefer to keep your travel options open.

2. Prioritize redemption value

You may have to pick between simplicity and maximum value when comparing cards and rewards programs. Many travel cards offer a standard point or mile redemption value of 1 cent when you redeem toward travel through the issuer portal, but some cards can get you a higher redemption value when you transfer rewards to airline or hotel partners. However, it's common for many travel reward programs to reduce the redemption value toward non-travel options or limit these redemption options altogether. If you prefer simplicity over maximizing rewards, you may want to consider cards that allow you to redeem points or miles at an equal 1-cent value toward general travel purchase credits, cash back or other non-travel options.

3. Match your card to your spending habits

Take a look at your typical spending and find which travel categories and non-travel categories you spend the most in to help you choose a card that offers a high rewards rate for your regular spending. Just make sure you factor in rewards spending caps.

4. Note what's worth the extra money

High rewards rates and valuable travel perks are the biggest reasons to get a travel card, but many of the best cards carry a high annual fee. You could stick with a no-annual-fee travel card (or at least one with around a $99 fee) if you're mainly focused on earning rewards, but you may have to pay up to $500 or more for luxurious perks like airport lounge access, comprehensive travel insurance and hundreds of dollars in annual travel credits .

5. Look toward your next trip abroad

If you travel overseas, check to see if the card you're considering charges a foreign transaction fee. And since some credit cards aren't as widely accepted as others, you'll also want to make sure your credit card will work when traveling overseas . For example, merchants may not accept Discover and American Express cards as widely as Visa and Mastercard. If a trip is coming up in the next three to six months, keep an eye out for the big sign-up bonuses travel cards are known for. As a rule of thumb, the higher the annual fee, the higher the sign-up bonus should be.

Co-branded travel cards vs. general travel cards

Experts typically divide travel credit cards into two categories: co-branded travel cards and general travel cards. Co-branded cards are linked to a particular airline or hotel, while general travel cards offer more flexible reward opportunities. Here’s why and when you might want one or the other.

• Co-branded cards
• General travel cards

Co-branded travel cards tend to offer higher rewards rates on eligible travel purchases in exchange for limiting your reward redemption options to just one airline or hotel program . These cards may also feature more specific perks associated with the respective hotel or airline, such as free award nights, complimentary airline elite status or priority boarding — which general-purpose travel cards don’t often carry).

However, you won’t be able to use your rewards with a wide variety of different hotels and airlines like general-purpose cards allow. Plus, despite co-branded travel cards’ typically higher rewards rates, many brand-specific rewards tend to be worth less than the potential value of general-purpose cards’ points and miles.

When to get a co-branded travel card : When you often fly or stay with a specific airline or hotel and want to maximize your benefits with that brand.

General travel cards earn rewards on various travel categories and aren’t limited to a particular airline or hotel. Such cards may lack some of the dedicated perks you’ll find on a co-branded travel card, such as in-flight discounts, but make up for it with rewards flexibility and broader perks like general travel credits, expedited security screening and wider airport lounge access. 

The top travel cards even let you transfer your points or miles to airline and hotel loyalty programs, often at a 1:1 rate. Redeeming with some airlines and hotels can even make your rewards more valuable than they would be if you redeemed with the card issuer.

When to get a general travel card : When you have no preferred airline or hotel and want the additional flexibility a general travel card offers. 

Who should get a travel credit card?

A travel credit card is almost always worth it for frequent travelers or anyone who wants to earn rewards toward their next vacation.

If you can save up airline miles, rack up points for free nights at hotels or get discounted travel through your credit card issuer, you’re on your way to significant travel savings. However, the right travel card for you will depend on your travel habits.

Frequent travelers

Naturally, the ideal candidate for a travel card is someone who travels a lot or plans to book several flights and hotel stays per year. However, in some cases, you don’t have to be a frequent traveler to reap the benefits of a travel rewards card. A number of cards offer good rewards rates on general purchases.

Travel beginners

If you’re new to travel rewards, a good place to start is with a travel card that makes it easy to earn and redeem points, without requiring you to navigate a complex rewards program or worry about tiered rewards rates or varying point redemption values. 

Brand loyalists

If you tend to book travel with the same brands frequently or already belong to an airline or hotel loyalty program, a co-branded travel card can offer terrific value.  Airline- and hotel-specific rewards cards often earn a top rate on bookings with the brand as well as exclusive perks like lounge access and automatic elite status. 

Business travelers

Some of the most valuable travel credit cards are business cards . Whether you're a freelancer on the go or the CEO of a Fortune 500, the right travel credit card can help you earn high rewards rates on everyday business purchases. 

International travelers

If you frequently travel abroad, a card with no foreign transaction fees is a great way to help you avoid extra costs on overseas purchases. Plus, if you hate waiting in line at airport security or customs, a lot of travel cards offer statement credits to reimburse you for Global Entry or TSA PreCheck application fees.

Luxury travelers

Luxury travel cards often charge a pretty penny but also offer a ton of value via perks like lounge access and annual travel credits. These perks not only make travel more comfortable, but also often carry enough value to offset the card’s cost on their own.

Still unsure if a travel credit card is right for you? Check out our Credit Card Spender Type Tool where you can get personalized credit card recommendations based on your credit score, spending habits and daily needs.

Here’s how a Bankrate editor chose his travel card

Here’s how a bankrate editor chose his travel card.

With all of this advice in mind, let’s see how a credit card expert made their pick. Here’s Bankrate editor Nouri Zarrugh on how he chose his travel card:

When it comes to earning rewards, I’ve always stuck with cash back cards, preferring the simplicity of knowing exactly how much my rewards are worth and the ease of redeeming for statement credits. Recently, though, I decided I wanted to travel a bit more frequently, and I figured a new travel rewards card could be a great tool to help me earn free trips. When choosing the right card for me, a few major points of consideration stood out: Cost: I didn’t feel like I traveled enough to justify a huge annual fee. Simplicity : I wanted to stick with a single, streamlined travel card and not worry about juggling multiple rewards programs or rewards rates. Perks : While I didn’t need anything too fancy, I thought it might be nice to have a perk like TSA Precheck included, since I hate waiting in long airport security lines. To my surprise, the card that stood out most was the Capital One Venture X Rewards Credit Card. Though it carried an intimidating annual fee of $395 ( See Rates & Fees ), I found this cost was more than worth it once I dug into the details. In fact, its benefits were so valuable, I barely needed to worry about offsetting the cost.  Two of its annual perks — a $300 Capital One travel credit and 10,000 bonus miles every year on my account anniversary — are valuable enough to offset the fee on their own. This means as long as I take one flight a year, I can basically break even on the card. Any rewards or perks I get beyond that feel like pure upside. It’s a huge bonus, then, that the card also includes practical benefits like Priority Pass lounge access and a credit of up to $100 toward the cost of Global Entry or TSA PreCheck. While I’ve never frequented airport lounges, I see these privileges as essentially free considering the value of the annual travel credit and bonus miles. So, I figure, why not take advantage?  For me, the Venture X strikes the perfect balance: A flat rewards rate that makes it easy to earn miles on everything I buy; flexible redemption through Capital One or via transfer to airlines and hotels, and practical perks I know I’ll use when I travel. I never imagined I’d have a $395 travel card in my wallet, but for me, it’s at worst a coupon for a flight every year, which can nudge me to take that next trip. — Nouri Zarrugh, Editor, Bankrate

Travel benefits may differ from card to card, but some of the most popular travel cards available often feature a few key perks. 

Travel insurance

Travel cards may offer various travel insurances , such as trip delay protection, trip cancellation insurance, lost baggage insurance or car rental insurance. These benefits aren’t worth anything until you need them, but you’ll be glad you have them when your flight is canceled or your luggage gets lost.

Travel credits

Credits toward TSA PreCheck or Global Entry are a popular and common benefit on many travel cards. You can typically use this credit once every four years, which roughly corresponds to how long a TSA PreCheck or Global Entry membership lasts. Some cards may also provide an annual credit toward Clear Plus — another expedited security membership. Higher-end travel cards often offer annual statement credits toward travel purchases, and many of these credits nearly offset these cards’ annual fees. 

In-flight perks

Co-branded airline cards typically offer some airport and in-flight benefits on top of their reward-earning capabilities. These can include discounts on in-flight purchases (usually 25 percent back on refreshments and WiFi), free checked bags, flight seating upgrades or priority boarding. 

Free hotel award nights

Co-branded hotel cards may include free hotel award nights annually as part of their benefits. Some cards also add an extra complimentary awards night to your stay if you’ve booked a certain number of consecutive nights. These nights are typically capped at a certain value (sometimes based on the card or your elite status), and may be valuable enough to make up for some cards’ annual fees.

Airport lounge access

One of the most popular (and valuable) travel benefits featured on high-end and luxury travel cards is complimentary access to airport lounges. The lounges you gain access to depend on the card, though co-branded cards will often grant access to the lounge corresponding to the card’s airline. The Amex Platinum card currently offers the best airport lounge access .

If you want to add a credit card to your portfolio for your travel needs, knowing what cards are popular and why people like them can help steer your decision. We regularly stay abreast of these conversations online and noticed two travel cards come up regularly: the Chase Sapphire Reserve and The Platinum Card from American Express .

These cards shine because they offer some of the best rates on travel purchases and the most comprehensive set of benefits and perks . Despite their annual fees, what you get in return can far outweigh your costs. And the conversation around these two cards isn’t new: Is the effort of maximizing their perks worth it?

What people say about travel credit cards perks

The Sapphire Reserve is often referred to as the gold standard in travel benefits and protections, and the value of its trip insurance is a big part of that. A member of the Rick Steves Forum remarks on the value of the insurance: “It has pretty extensive coverage wherever I travel … my entire trip is covered as long as I charged any portion of the trip to my card.” This feature is unique to the Sapphire Reserve and sets it apart from other premium cards, which require you to charge your entire trip purchase to the card to have active coverage.

But using trip insurance isn’t always a simple process. As a user in the r/CreditCards forum on Reddit cautions: “Credit card travel insurance in general is very specific on what it covers, and people tend to overestimate just how useful the coverage actually is,” they write. “These are named peril policies, so unless you see your exact situation as a covered hazard the policies won't pay out.”

The Platinum Card from American Express gets a lot of buzz for reasons similar to the Sapphire Reserve. The card gives so many benefits, credits and additional perks that it’s often called a coupon book for luxury travel. But for many people, the value comes down to whether they’re willing to do the work to maximize its features. Another r/CreditCards member says they use the card’s Hilton and Marriott status boosters, rental car company loyalty program automatic status features, Centurion lounge access, hotel and airline incidental credits, membership credits and more. Using all these features helps them offset the annual fee.

While some people love maximizing the card’s features to extract  as much value as possible, others, like this Redditor, think it’s too much work:

“The only benefit the Platinum card really adds is Centurion and Delta Sky lounge access but only to the [cardholder] … I believe the Platinum is worth [it] at least the first year for the [sign-up] bonus but then it doesn't get much use after that. Trust me the credits are really annoying to use.” — r/CreditCards user

These two premium cards stand out from the rest because they offer the most comprehensive features available to suit your travel needs and protect you from any issues that arise. The Chase Sapphire Reserve is an exceptional option to protect you from travel issues, but make sure you know the fine print. While the Amex Platinum may not be as ideal for travel protections, the credits offered more than offset its annual fee if you can put in the effort to fully maximize them.

Whether you’re a beginner or seasoned cardholder, your travel card should always work in your favor by offering the features and benefits you’ll actually use and that make your travels more enjoyable. But whether you’re willing to put in the effort to maximize a card’s value is something you’ll need to decide for yourself.

*The quotes and citations included on this page have been verified by our editorial team and are accurate as of the posting date. Be sure to check the issuer's website/terms and conditions for all up to date content. Outlinked content may contain views and opinions that do not reflect the views and opinions of Bankrate.

Credit card points and miles are two of the key types of credit card rewards , along with cash back. You’ll earn points and miles by making purchases with your credit card, but you can typically redeem these rewards for travel, gift cards and more — not just statement credits.

Points and miles tend to be more flexible than cash back, but since their value depends on how you redeem them — and, in the case of travel redemptions, where you’re going, when you book, your fare class and more — it may take a bit more effort to make the most of them.

What are your points and miles worth?

Since many airlines and hotels use dynamic pricing models that continually optimize airfare and room prices, it can be hard to know exactly how much your rewards are worth without doing a little math.

Luckily, you don’t need to be a travel hacker to get a sense of this idea. Before you redeem, you can check your reward redemption value by dividing the cost of a plane or hotel booking in cash by its cost in points or miles. This calculation will result in the cash value of your points or miles.

You can also compare this value to Bankrate’s latest points and miles valuations to determine if you’re getting a good deal on your redemptions. Bankrate collected data on hundreds of bookings across dozens of airline, hotel and credit card rewards programs and estimated how much each program’s rewards are worth on average .

• Airline rewards values
• Hotel rewards values
• Credit card program rewards values

The table below shows Bankrate’s estimated reward redemption value for a variety of popular airline loyalty programs. You’ll notice how widely the value varies between airlines, with some offering close to 3 cents per point in average redemption value and others struggling to meet a 1-cent-per-point value.

Keep in mind, however, that these values are averages based on a variety of fare classes, destinations, booking periods and more. For example, while Bankrate estimates Delta SkyMiles carry an average redemption value of around 1.2 cents per mile, they could be worth more or less depending on the details of your booking. 

*Based on weighted average of median point/mile values across economy and first/business class fares.

Like airline miles, hotel points fluctuate in value. The table below shows Bankrate’s estimated point values for some of the most popular hotel brands. 

As you can see, hotel points tend to be worth less than airline and credit card rewards on average, often carrying less than 1 cent per point in redemption value. That said, hotel loyalty programs sometimes offer more favorable exchange rates when you transfer rewards from a credit card rewards program. For example, you may be able to turn 1,000 credit card points into 2,000 hotel points (a 2:1 transfer ratio). 

*Based on median point values across budget, mid-tier and luxury hotel bookings.

Unlike hotel and airline rewards programs, credit card reward programs typically earn points or miles that offer a consistent redemption value when you use them with the issuer. Though the redemption value of your rewards may vary based on how you redeem, each redemption method should offer a consistent baseline value. 

Some credit card rewards programs may also allow you to transfer your points or miles to airline and hotel loyalty programs, which could boost their value considerably. For each major credit card rewards program, we estimate a baseline redemption value (assuming you book for travel with the issuer) and a Bankrate’s Value, which averages the program’s best-value transfer partners.

*Based on an average of the issuer’s five highest-value transfer partners (if available).

When to use rewards vs. cash

To demonstrate when it’s best to use your reward miles versus paying in cash, we set up this example:

We estimate American Airlines AAdvantage miles are worth 1.0 cents. If you book a seat in the main cabin on a one-way flight from Boston to Miami, and it costs either $139 or 21,500 miles, your miles are only worth $0.006 ($139 / 21,500 miles = $0.006). Since your miles for this flight are worth less than 1.0 cents, you may want to save your miles and pay cash for this flight.

But if you book a first-class seat on the same flight for $433 or 31,500 miles, your miles are now worth $0.013 ($433 / 31,500 = $0.013). Since 1.3 cents is higher than our latest valuation, you’re coming out ahead if you use your miles to pay for this flight.

Bankrate experts share their advice on using travel credit cards

It’s important to know how to maximize your rewards and perks. Otherwise, a travel card could end up being a money pit. Here are a few pointers from our experts for making the most of your travel card: 

Combine cards to maximize rewards

Knowing how much you spend in different categories and which merchants are eligible for rewards will help you earn more and build an optimized stack of rewards cards. A flat-rate card is often a great starting point to earn the same rate on every purchase you make. As you build out a rewards strategy, you can incorporate a card with bonus categories to earn even more in your highest spending areas.

Expert Insight:

“For a long time, I’ve used a combination of Chase credit cards known as the Chase trifecta for all my family’s spending…. [I] don’t typically use my Sapphire Reserve for everyday spending and bills. Since it only offers 1X points on non-bonus category spending, I use my Freedom Unlimited to make sure I earn a minimum of 1.5 percent cash back on everything I buy.” “I use each card strategically to earn as much in rewards as possible, then I pool them in my Sapphire Reserve account to redeem them for airfare, excursions, hotels and more.” — Holly D. Johnson — Award-winning personal finance writer and Bankrate contributor: Why I love the Chase Sapphire Reserve

Maximize your rewards value with transfer partners and issuer travel

Save your rewards for the most valuable redemption options. Travel points and miles often lose value toward non-travel options like cash back, so you’ll want to redeem your rewards for travel through the issuer portal for at least 1 cent per point or mile. However, transferring your rewards to the right airline or hotel partner program is usually worth the extra effort since it could net you even more value.

Expert Insight

“When I redeem my points through the Chase Ultimate Rewards program, the most I can get is 1.25 cents apiece, which is pretty good. However, if I transfer them to a partner airline’s loyalty program, I will often get much more. For example, I can transfer my points to United Airlines MileagePlus and use them to pay for flights. When I do, I generally get a value of 2 or more cents per point — in line with Bankrate estimates that Chase Ultimate Rewards points are worth around 2 cents apiece on average when used with the right transfer partner.” — Margaret Wack — Personal finance expert and Bankrate contributor: Why I love the Chase Sapphire Preferred Card

Make the most of your travel perks

Travel benefits are one of the main reasons to get a travel card, and are often key to making up a card’s annual fee. Be sure to read the fine print to make sure you can take full advantage of these offers . For example, one card’s travel credit may apply to any travel purchase, including airfare, while another card’s may only cover costs like baggage fees or in-flight purchases. 

“This is the year to take inventory of your credit cards and make sure they’re serving you well. If you’re paying an annual fee, look for a card with recurring benefits. Whether it’s annual award nights, waived luggage fees or elite status benefits, these perks can offset your annual fee and make your travels more pleasant … Despite putting minimal spending on my Hilton Honors Amex Aspire card, I keep renewing it every year. That’s because the card provides automatic Hilton Diamond elite status, which can easily offset the $550 annual fee. Recurring card benefits like [these] can save you a lot on travel and are worth considering when shopping for a new credit card.” — Ariana Arghandewal — Travel rewards expert and Bankrate contributor: Five benefits you need from a travel credit card

Plan for the sign-up bonus

The best travel cards come with generous welcome offers, but these bonuses may require a high spend in a short timeframe. That’s why it’s important to consider whether the spending requirement fits with your typical spending habits or whether you need to plan purchases to meet the requirement. Just be sure not to overextend yourself or take on debt you can’t pay back just to earn a bonus — interest and fees can easily eat through any value you’d get.

“Keep in mind that credit card sign-up offers change often. So if you’re interested in a particular card but not blown away by its current offer (there are some for 100,000 points or more that aren’t always worth the trouble), it could be worth your while to wait for a better one.” — Ariana Arghandewal — Travel rewards expert and Bankrate contributor: 6 ways to get bigger credit card bonuses

Look out for limited-time offers, partner perks and other benefits

Keeping an eye out for limited-time offers like extraordinarily high sign-up bonuses, perks with partner services (like rideshares or delivery services) and other reward-earning opportunities is a great way to squeeze the most value from your travel card. Issuers sometimes provide shopping and travel portals and card-linked reward programs for select purchases (like for pre-paid dining or participating merchant spending), which can help you bank extra rewards.

“Keep an eye on your email inbox and rewards portal for any limited-time promotions your issuer may be offering. Many American Express cards feature Amex Offers, which lets you access perks like statement credits for spending a certain amount on specific hotels and other retailers.  Other cards, like the Capital One Venture X, also have occasional promotional offers, such as a credit for 5 percent back on VRBO rentals.” — Lori Zaino — Travel expert and Bankrate contributor: How to maximize credit cards for cheaper accommodations this holiday season

Track your spending and rewards each account statement

Track your favorite stores’ and services’ merchant category codes (MCCs) to fine-tune your spending habits for maximum rewards. If you notice your expenses changing, this practice may also help you notice whether you need to change which rewards cards you carry.

“The first step to optimizing your spending is to take the time to collect the MCCs of stores you frequently shop at. During the process, you might find that some stores in the same chain may have different MCCs, depending on their primary inventory. Even different counters or sections in the same department store may carry different MCCs. You can use this to your advantage if you know one location near you will provide a better cash back rate than the other. These “loopholes” can provide great opportunities to reap cash back on purchases that typically wouldn’t earn rewards.” — Garrett Yarbrough — Writer and credit cards expert at Bankrate: Merchant category codes: How to earn more cash back

Our data: What credit score do you need for the best travel cards?

It’s no secret that your credit score heavily influences which cards you’re likely to get approval for. But how good does your credit need to be to get the best credit cards for travel? We analyzed our data of Bankrate readers who applied for credit cards on our pages in 2023 and compared the approval rates of readers’ different credit tiers.

We found that, on average, 61.9 percent of users with excellent credit were approved for travel cards on our site. Then, an average of 39.5 percent and 19.5 percent of users with good and fair credit, respectively, got approval for travel credit cards they applied to.

If you have fair or bad credit, you still have options for travel credit cards. For example, the Credit One Bank Wander Card caters to people with fair credit — 57 percent of people with fair credit who applied on our site in 2023 were approved for this card , according to our data.

Obviously, the better your credit, the more likely you are to get the card you apply for , but other factors can affect your application. Issuers may also consider your income, recent credit applications, homeownership status and monthly rental or mortgage payment. Keep these other factors in mind with your credit score when you apply for credit cards.

Have more questions for our credit cards editors? Feel free to send us an email , find us on Facebook , or Tweet us @Bankrate .

When evaluating the best travel cards, we consider a mix of factors, including how cards score in our proprietary card rating system and whether cards offer features that fit the priorities of a diverse group of cardholders, from earning rewards in popular categories to scoring a large sign-up bonus or high-value perks. Whenever possible, we also feature cards that are available at various credit levels and price points. 

We analyzed over 150 of the most popular cards and scored each based on its rewards rate, estimated annual earnings, welcome bonus value, APR, fees, perks and more to determine whether it belonged in this month’s roundup of the best travel cards.

Here are some of the key factors that we considered:

Great rewards value

The primary criteria for a rewards-earning card’s rating is its rewards value. This includes the card’s average rewards rate, estimated annual rewards earnings, sign-up bonus value and reward redemption value.

To estimate a card’s average annual rewards earnings, we first calculate its average rewards rate based on how much it earns in different bonus categories and how closely its categories align with the average person’s spending habits. In other words, we assess whether the card earns rewards at a high rate in the most popular spending categories. 

We use consumer spending data from the Bureau of Labor Statistics (BLS) to get a reliable third-party measure of people’s spending habits. The most recent BLS data estimates average total spending in 2022 was $72,967 per consumer. We then narrow our focus to which purchases are likely to be put on a credit card and earn rewards, subtracting expenditures like housing, vehicle purchases and education. This gives us a total “chargeable” annual spend of around $25,500.  

This includes the following spending by category:

• Groceries: $5,700
• Dining out: $3,600
• Entertainment: $2,400
• Gas: $3,100
• Apparel and services: $1,900

Using this data, we assign a weighting to each of a card’s bonus categories. For example, a card’s grocery rewards rate receives a 22 percent weighting based on how much of the average person’s budget is spent on groceries.

We also estimate the redemption value of points or miles from various issuer, airline and hotel rewards programs.

This weighting and rewards valuation allows us to estimate a card’s average annual rewards earnings — how many points or miles you’d earn with a given card if your spending was about average and you used the card for all of your purchases — as well as what those points are worth. We also use point valuations to determine a card’s sign-up bonus value

With these calculations complete, we assign each card a score based on how its average rewards earnings, sign-up bonus value, rewards rate and redemption value stack up against other rewards cards.

The better these values, the higher its score will be, making it more worthy of inclusion in our list and increasing its potential ranking.

Reasonable rates and fees

We also score cards based on how much it costs to keep them in your wallet or carry a balance. 

To start, each card is scored based on whether it offers an intro APR and how its ongoing APR compares to the rates available on other rewards cards. However, the latter rating only has a slight influence on the card’s score and whether the card is included in our list, since rewards card users generally try to avoid carrying a balance.

More important to both a card’s score and its inclusion in our list is how its annual fee influences its overall value. We consider a card’s annual fee in two ways — how it ranks relative to the fees you’ll find on other cards in the category and how it impacts a card’s overall rewards value. 

Cards with an annual fee will always be at a slight disadvantage in our scoring system since annual fees inherently cut into your rewards value. However, if a card offers terrific value via its ongoing rewards and perks, it can earn a high score and a spot in our list even if it carries a high annual fee. After all, the highest rewards rates and most valuable perks are often found on cards with annual fees. 

With this in mind, we rate a card based primarily on how its ongoing rewards value and ongoing perk value (such as annual credits or bonuses) stack up against those of other cards in the category when you subtract annual fees.

That said, we strive to include as many no-annual-fee options in our list as possible since many people would rather not worry about offsetting fees, even if a card carries impressive rewards and perks.

Redemption flexibility

Rewards cards may make it easy to earn a lot of points, miles or cash back, but how easy is it to use those rewards? After all, if it takes a ton of effort to redeem rewards or you can only redeem rewards in a couple of ways, a card may be more trouble than it’s worth. 

As such, we rate each card’s flexibility based on the restrictions it imposes on earning and redeeming rewards. We factor this rating into a card’s overall score and consider it when deciding on a card’s inclusion in our list. 

Flexibility factors include whether a card only allows you to earn a high rewards rate on only a small amount of spending or requires you to meet a certain earning threshold before you can redeem rewards. We also examine whether your points are worth less when you opt for some redemption options over others and whether a card gives you the flexibility to transfer rewards to travel partners.

Valuable perks

We also score each card’s set of features – its perks and benefits — against five tiers of features to provide a rating. 

We break down these tiers as follows:

• Tier 1 includes fewer features than even standard credit cards (for example, an ultra-streamlined card that offers basic utility and next to nothing in the way of ancillary benefits). 
• Tier 2 includes the benefits you’d expect on standard Visa or Mastercard credit cards, such as free access to your credit score, car rental insurance and $0 liability for fraudulent charges. 
• Tier 3 includes “prime card” or better-than-average card features like cellphone insurance, lost luggage insurance, concierge services and purchase protection. 
• Tier 4 includes luxury features such as airport lounge access, elite status with an airline or hotel and credits for expedited security screening membership programs. 
• Tier 5 includes the sort of exemplary benefits you’ll find on top-tier luxury cards, such as high-value travel credits, cardholder memberships and other unique and valuable perks.

In evaluating the best cards, we tend to favor cards that offer at least Tier 3 benefits, unless they include other unique features that could make up for less-impressive perks.

More information on travel credit cards

Frequently asked questions about travel credit cards, are travel credit cards worth it.

Travel cards can be well worth it since they often have exclusive travel perks like credits for airfare, hotel stays, expedited airport security services and more, as well as complimentary airport lounge access and airline or hotel privileges. However, many of the best travel credit cards come with annual fees. It’s important to at least offset the cost of these cards by taking advantage of the various travel perks and features included on the card. 

What credit score do you need for a travel credit card?

It’s possible to get a travel credit card with bad or fair credit, but most travel rewards cards are geared toward people with good or excellent credit (a FICO score of at least 670, or a VantageScore of at least 661).

Do travel miles or points expire?

Even though many major credit cards earn rewards that don’t expire, you may lose your points and miles if your account closes or isn’t in good standing. However, some co-branded cards’ rewards may expire if you don’t earn or redeem rewards within a certain timeframe (typically 12 to 36 months after the rewards are earned).

Check out our guide to credit card rewards expiration for a thorough breakdown of several popular issuers’ policies.

Are points or miles better on a credit card?

Whether points or miles offer better value will depend on the specific rewards program and how you redeem rewards. One airline loyalty program may earn miles that offer less than 1 cent each in average redemption value while another program’s points may offer close to 3 cents each on average. Similarly, a hotel card’s points may be worth less than half of a credit card issuer’s rewards points. Some programs offer points with only average baseline redemption value but high value when transferred to a partner airline or hotel. 

Ask the experts: Is it a good idea to have multiple travel credit cards?

Thomas Nitzsche

Stephanie Zito

Erica Sandberg

Financial Educator, Debt and Credit

Whether you should have multiple travel credit cards depends on several factors, including your brand affinity, frequency of travel and ability to pay off your cards in full each month. As a credit counselor, I see many people carrying credit card debt at high interest rates while continuing to make charges to the account for the sake of earning rewards. They lose far more than they earn each month. Having more than one travel credit card could make sense for you if you’re able to maximize your earnings by strategizing spending across each card. Just take into account annual fees and actual interest paid.

Contributor, Personal Finance

If you’re up for managing multiple cards and their benefits, then there are definitely big reward payouts to be had. But if the thought of multiple cards is overwhelming, it’s also a good strategy to have one or two more flexible cards and focus on maximizing your earnings and redemptions until it becomes second nature.

Contributor, Credit Cards

Definitely! I currently have two travel credit cards. In addition to the Chase card that I use for my United Airlines purchases, I have the Capital One Venture card for all other airlines. I earn a solid amount of miles on everything I buy with it, so it's an easy go-to for non-travel related expenses.

Article sources

We use primary sources to support our work. Bankrate’s authors, reporters and editors are subject-matter experts who thoroughly fact-check editorial content to ensure the information you’re reading is accurate, timely and relevant.

Global entry: Trusted traveler enrollment program . U.S. Customs and Border Protection. Accessed on Feb. 21, 2024

Discover International acceptance . Discover. Accessed on Feb. 21, 2024.

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Editorial Disclosure: Opinions expressed here are the author’s alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.

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Business Travel Insurance

Business Travel Insurance  is a fixed-day travel insurance available for private entrepreneurs and legal entities – including companies –, covering a fixed period of least 100 days. The fixed-day travel insurance product is recommended for those who frequently travel abroad for the purposes of intellectual or physical work, and look for a convenient solution to insure their trips or prefer to have a single insurance instead of buying personal travel insurances for each individual trip.

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What makes our Business Travel Insurance the best choice for you?

• Simple and fast contracting process.
• Low insurance premium, comprehensive protection.
• You do not need to provide the details of those insured upon contract conclusion; it is enough to supply the names of the travellers just before the trip.
• It is a convenient solution: data related to the trip (Insured’s name and date of birth, purpose of the trip, first and last day of the trip) must be e-mailed to the Insurer before the trip for risk inception to commence.
• The Business Travel Insurance covers persons below 70 years of age.
• You can choose from 2 insurance packages (Optimum and Premium), which differ from each other in respect of services and premiums.
• This insurance offers a worldwide coverage (except for the regions not recommended for travel by the Ministry of Foreign Affairs and Trade).

For more information on the Business Travel Insurance, please read the   General Terms and Conditions and Customer Information for Business Travel Insuranc e   of UniCredit.

Please remember:

The Business Travel insurance is not valid in non-recommended destinations . Before e-mailing us the data related to the trip, please make sure that your travel insurance covers the territory of your destination!

The Business Travel Insurance covers coronavirus-related emergency care abroad up to the limit of the insurance package. 

Should you need any assistance abroad, please call Allianz Travel Assistance at + 36 (1) 237 2333, available 24/7.

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• Product description

Check to see whether you have any unused travel credits before you book your next trip

This article explains how to view and use your flight credits.

This article applies to all users with access to TravelBank travel management.

You can view your flight credits on both the "Travel" page and the "My Account" page of the TravelBank app. Flight credits are only valid on the airline for which you originally booked your flight and can only be used by the original traveler.

View flight credits from Flights page

To check whether you have any unused travel credits, open the TravelBank Flights tab:

Select "Travel" from the TravelBank left navigation menu. The Flights tab opens automatically and shows your flight credits beneath the flight search section (see Figure 1).

Contact TravelBank travel support to redeem flight credits.

Figure 1. View flight credits on the Flights page

Select "View Credit" to see your flight credit details (see Figure 2).

Figure 2. Flight Credits details

View flight credits from My Account page

You can also view your flight credits on the My Account page. Select "My Account" from the TravelBank left navigation menu and then scroll to the Flight Credits section below Loyalty Programs (see Figure 3).

Figure 3. Flight Credits section of My Account Page

Use your flight credits

When you're ready to book your flight, select a flight with the airline you have a flight credit with. On the checkout page you can choose to apply your flight credit.

On the right side of the checkout page, select "Add" above the "Flight Details" section (see Figure 4).

Figure 4. Review Itinerary & Book Flight page with option to use flight credits

This brings up a Flight Credits pop-up window with your flight credit options. Select the flight credit you want to apply to your booking (see Figure 5).

Figure 5. Flight Credits pop-up window

Note : Flight credits can be applied for up to 100% of the fare; if the credit exceeds the selected booking, then the difference is forfeit.

Once you apply the flight credit, the total reflects the flight credit, minus the difference. At this point a "Remove" option also appears in the flight credits section in the top-right corner of the page (see Figure 6).

If you decide you do not want to use your flight credit, select "Remove".

Figure 6. Remove option for flight credits

Frequently Asked Questions

If an employee is out of office or has left the company, can i give their flight credit to another traveler.

Flight credits are specific to a traveler and cannot be transferred or gifted to another employee.

If I don't like the flight options can I use my credit on another airline?

Flight credits are airline-specific and can only be used on the airline for which the traveler originally booked their flight.

If my flight credit has a greater value than my flight, will I receive a refund?

Flight credits can be applied to your total, up to 100%, but any overage will not result in a refund.

If you need help, contact the TravelBank support team:

Email [email protected] .

From the website or mobile app: Open the TravelBank left navigation menu and select “Chat with us”.

Publish date : December 09, 2022

Last update : April 20, 2024

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Travel insurance

Allianz TRAVEL INSURANCE

Allianz-Slovenská poisťovňa Short-Term Travel Insurance

From 16 July 2021, COVID-19 is covered under insurance for medical costs in connection with Travel Insurance with the card from Allianz – Slovenská pojišťovna! More information is available   HERE .

Do you want to have favourable insurance during your travels abroad throughout the year without having to visit the insurance company before every trip?

If you have answered YES , the upgraded travel insurance product by Allianz insurance company, which saves your time and money, is intended just for you.

• Mitigation of consequences of the insurance claim – providing you with certainty in the event of adverse situations during your stay abroad,
• Flexibility – you can choose from four variants depending on the scope of insurance,
• Up to 90 days of stay – the maximum duration of one trip is 45 or 90 days - it depends on the insurance variant,
• Family insurance – protecting your family and children up to 18 years of age for one price,
• Comfort – you can take out both card and insurance at one place.

Possibility to take out the insurance easily by calling our Infoline +421 2 6920 2090  

Documents to download:

• General terms and conditions for travel insurance and assistance services
• Special Policy Conditions of Travel Insurance for the Holders of Payment Cards Issued by UCB
• Information bulletin with travel card
• Pricelist of travel insurance + insurance coverage

Take out your insurance policy simply online and enjoy a care-free holiday. The Allianz – Slovenská poisťovňa Insurance Company offers you a fast and simple taking out of insurance online.

Take out insurance of medical expenses abroad and assistance services together with the package of risks:

• Accident insurance
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• Insurance of cancellation fees
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Benefits of the insurance:

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Turks and Caicos' Newest Residential Resort Opens in November — and We Got a First Look

South Bank on Providenciales blends the island's natural beauty with modern luxury.

Food and Drink

Activities and amenities, family-friendly offerings, sustainability and accessibility, how to get the most value out of your stay.

Courtesy of South Bank

Over the last several months, I’ve been making the pitch to various family members that we should spend this coming Thanksgiving someplace warm — ideally on an island — that’s an easy, non-stop flight from New York City. On a recent trip to South Bank, the newest addition to the Turks and Caicos-based Grace Bay Resorts portfolio, I just might have convinced my mother-in-law, a crucial hold-out.

Here's how it happened: Having embarked on an intergenerational trip over Passover to road test spending a holiday together, the family member, aka “holdout,” and I were standing in a four-bedroom Ocean Estate Villa. The villa is situated in one of four “neighborhoods" in the 30-acre development, looking out over Long Bay Beach. With the villa at our backs, we were totally mesmerized by the expanse of turquoise water that shimmered in a way that seemed like the best Hollywood lighting technicians had backlit it.

Then we discovered the ocean looks even more other-worldly close-up when you walk down your private steps directly to the shore, where the surf beckons you to jump in (before retreating to one of your three freshwater pools). While there is no beach at this residence, my mother-in-law saw that as a selling point for this specific location. “Not everyone likes sand,” she pointed out.  (Other Ocean Estate Villas will have direct beach access.)

When I ask, “Can’t you see having Thanksgiving here?” I don’t get a definitive affirmation, but the response wasn’t a straight "no" either. It’s not hard to envision coming back, especially when you have someone like Patrick, our dedicated butler. Patrick, originally from Jamaica, was the embodiment of the Japanese concept of omotenashi , or wholehearted hospitality. If we were running low on strawberries — a food group for my children, ages four and six — new boxes would magically appear.

Labeling Patrick as a "butler," however, doesn’t quite capture the breadth of his role. "Fixer" is a more fitting term, especially for those traveling with multiple generations. In our case, our group spanned from four to 85 years old. Patrick's efficiency made our stay seamless, from managing dinner reservations to magically producing an inflatable pool toy when he noticed my children squabbling over one. (Perhaps not the best lesson in sharing, but it certainly made for a more peaceful vacation.)

The entire $400 million development, which is opening in phases, was inspired by Port Grimaud, a fishing village in the South of France. “It’s a place with a series of canals and life is lived on the water," Ingo Reckhorn, co-founder of Windward, the developer of South Bank, explains to me over lunch. Boats can pull up directly to South Bank’s dock.

If you don’t have your own boat (which we didn’t), don't worry: You are in good hands. Our pre-arrival concierge, a new service offered by Grace Bay Resorts, arranged for a trip with Caicos Luxury Charters that took us out for an afternoon of world-class snorkeling — Turks and Caicos is encircled by the third-largest reef in the world — and to a sandbar in the middle of the ocean that felt like something straight out of Castaway , about 30 minutes from the mainland.

South Bank is so tranquil that when the waves are calm, you can hear a pin drop (that is, until my children arrived) and might not see another human being for days. It’s located on a quiet, low-density part of the island that’s zoned for single-family homes. The secret weapon is combining seclusion with access to all the other Grace Bay Resorts properties. If you want a change of scenery, say an afternoon at Grace Bay for a sail on the property’s catamaran or a gourmet Italian lunch at The Rock House, it’s all at your fingertips and easily arranged. (A water taxi service connecting many of these hotels is in the works.)

Meanwhile, back at South Bank, there is so little light pollution that you can see the stars twinkling brightly over Long Bay Beach.

If I had to bet, we’ll be back for Thanksgiving.

• Spacious villas mean multi-generational families can live in harmony.
• This part of the island is incredibly peaceful — ideal for a tranquil getaway.
• Dedicated butlers are efficient and wildly hospitable, doing everything from procuring dinner reservations to pool toys.

The Rooms  

South Bank was designed by Blee Halligan Architects, a firm based in both London and Turks and Caicos. They’ve created sleek, angular, and uber-modern structures that are more reminiscent of the architecture you’d see in Dubai than in the Caribbean.

There are four distinct neighborhoods, one of which, Arc, won’t open until 2026. The starting category is the boathouses, of which there are 38 one-to-three-bedroom residences located adjacent to the marina, each with its own private rooftop terrace.

The 18 lagoon villas, which range in size from three to five bedrooms, are located on the island’s first ocean-fed “swimming” lagoon (it’s only 4.5 feet) that feeds into the open ocean. Some of the Lagoon villas have private docks.

The ocean estates are the crown jewels, ranging from four to six bedrooms. The smallest one is 3,150 square feet, while the largest is in the range of 8,000 feet. And if my visit was sufficient to judge, there isn’t a bad view in the place. Estate villas come with personalized butler service.

Arc will be the structure most reminiscent of a hotel. Currently, it's a construction site, but by 2026, it will be a six-story building designed by Italian architect Piero Lissoni with 17 residences, ranging from one to five bedrooms. 

When South Bank opens in November, Chef Neerul Tamar, a recent transplant from Sandy Lane in Barbados, will helm Lua, a restaurant with Mediterranean-inspired cuisine. We got a sneak peek (or rather, taste) when he cooked for us one evening. Tamar prepared a straightforward but perfectly executed meal of grilled red snapper with mango salsa, tomato mozzarella pesto salad, and steak with salsa verde that ranks among the most tender I’ve ever had.

There’s a beach firepit lounge, bicycles, a fitness center overlooking the lagoon, and a tennis and pickleball court. (Lessons can be arranged.)

When the property officially opens in November, there will be a boat concierge who can arrange all things boating, including yacht rentals, diving excursions, and access to the coral reef research center.

The spa, which has yet to open, will have four beachfront treatment rooms. It will be managed by the same company, Grace Bay Resorts, that runs the top-notch spa at the Grace Bay Club — a promising sign. Three very picky people from our group raved about their massages at the Grace Bay spa.

While there is no plan for a kids’ club at South Bank, the size of these villas is ideal for multigenerational travel. Many have layouts that give families ample space, often on two levels, giving everyone enough room to live harmoniously for a weeklong vacation. When completed, South Bank will have more than 30 villas, making it one of the largest inventories of larger, standalone homes in the Caribbean.

Another note for families: the lagoon is shallow (the deepest it gets is 4.5 feet), making the lagoon villas a good place for young children since it’s calm and protected.  

South Bank recycles all of its graywater to use in its irrigation system and is working to remove single-use plastics from its operation. The landscaping prioritizes native plants and trees, establishing habitats for local wildlife, such as birds, butterflies, and lizards.

The property is currently not ADA-compliant.

South Bank is located in the less developed, remote part of Providenciales and is about nine miles, or a 20-minute drive, from the airport. Grace Bay, where many hotels, such as the Ritz-Carlton and Grace Bay Resort, are found, is about a 10-minute drive from South Bank.  If you are interested in exploring the island or eating off-property, a car is recommended since no on-demand car apps are currently available. However, transportation is easily arranged through the hotel, though it can get expensive.  

The resort is now accepting reservations beginning Nov. 1, 2024, with inaugural savings of up to 35 percent. Rates currently start at $888 per night.

South Bank is a member of Small Luxury Hotels of the World, which has three membership tiers based on how many nights you stay at one of its member properties. If you join their free loyalty program, you’ll receive 10 percent off, early check-in, late check-out, and complimentary Wi-Fi. Tier three is awarded to those who stay more than 13 nights at member hotels — you'll get complimentary breakfast, a room upgrade, and a $300 reward night voucher.

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Travel Bank Credits

Got some JetBlue travel credits? It’s easy to view your current balance, expiration dates and transaction history—and use your credits for a new booking. Just create/log in to your travel credit or TrueBlue account to get started.

• Travel Bank 101

What can travel credits be used for?

How to access and link travel credits, how to use travel credits, using multiple travel bank accounts, helpful videos, how to use jetblue vacations credits, terms and conditions travel bank 101.

Your JetBlue Travel Bank is an online account (or bank) where you can access and manage any JetBlue travel credits you’ve received. Think of it like a payment wallet that you can choose to use on jetblue.com or the JetBlue app.

• Your Travel Bank account is created automatically the first time you’re issued a travel credit, and your login info is sent to you in two separate welcome emails.  
• The link in the password creation email expires after 48 hours. If you haven’t received or can’t locate these emails, you can request your login ID  and/or reset your password with our online login look-up form. 
• You’ll need to use your login ID and password every time you want to view or use your Travel Bank account. 

Travel credits can be used to book a reservation for anyone you’d like. The name on the account doesn't need to match the name of the traveler. 

JetBlue travel credits can be applied to:

• Airfare and taxes on JetBlue-operated flights booked through jetblue.com.
• The air portion of a JetBlue Vacations package.
• Blue Basic fares booked or exchanged on or after Mar 18 2024 cannot be changed but may be cancelled. 

Travel credits cannot be applied to:

• Checked bags 
• Same-day switches
• Taxes for Move to Mint certificates (Mosaic 3 and Mosaic 4) 
• Seat selection for Blue Basic or other seat fees 
• Even More® Space 
• Core (preferred) seats
• Priority security 
• Unaccompanied minor fee  
• Service fees (including phone and GDS bookings and changes), etc. 
• Bookings on partner airlines 
• Non-air portion of a JetBlue Vacations package 
• Online travel sites other than jetblue.com or the JetBlue app 

Access Travel Bank without a TrueBlue account 

• For your security, the first email contains your login ID, and the second email contains your password. 
• Create your Travel Bank password. 
• Save your Travel Bank account details somewhere safe for future use.  
• You now have full access to Travel Bank. 

Access Travel Bank with a linked TrueBlue account

• Log in to your TrueBlue account. 
• Click your initials or picture in the top right corner. Your total travel credit amount will be displayed in the dropdown menu. 
• If you would like to review your Travel Bank statement, select Travel Bank Credit from the dropdown menu. You should be automatically logged into your Travel Bank account to view your Travel Bank statement.  
• Any travel credits issued to you should be visible when you log in to your TrueBlue account. If you don’t see them, your TrueBlue account and your Travel Bank account might not be linked. 
• Expired travel credits will not display in your TrueBlue dropdown. 

Not receiving Travel Bank emails? Contact us

How to use travel credits while booking:

• If you have a TrueBlue account linked to your Travel Bank account, log in before you begin to book your trip. You also have the option to sign in during the booking process. 
• If your Travel Bank is not linked to your TrueBlue account, or you are not logged in, you will have the option to log into your Travel Bank account on the payment screen while booking.  

Need to use travel credits in Manage Trips?

• If you don’t have a Travel Bank account, select create a new account in Manage Trips. 
• If you have an existing Travel Bank account that is not attached to a TrueBlue account, log into your Travel Bank account on the Manage Trips payment page. 
• If you have an existing Travel Bank account that is attached to your TrueBlue account, log into your TrueBlue account and your Travel Bank Credits will auto-populate. 

Where is my travel credit?

Credit expirations and open tickets.

Locate Travel Bank Info with TrueBlue

Find Your Travel Bank Credentials

Reset Your Travel Bank Password

How to Use Your Travel Bank Credit

If you’ve received a JetBlue Vacations credit, it’s important to know how it’s different than a JetBlue travel credit. While both can be used to book your next JetBlue adventure, here are the key differences:

• Can be applied toward any portion of a JetBlue Vacations package.
• Can't be viewed or managed in your Travel Bank account.
• Can’t be applied online—it must be redeemed by calling JetBlue Vacations at 1-844-JB-VACAY (1-844-528-2229). Provide them with your confirmation code and the last four digits of the credit card used on the original JetBlue Vacations reservation. 
• Can be applied toward JetBlue-operated flights or the flight portion of a JetBlue Vacations package.
• Can be viewed or managed in your Travel Bank account.
• Can be applied online by choosing Travel Bank on the Payment screen.

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United TravelBank Card: Closed to Applications, Replaced by United Gateway

The card was suited to those who didn't travel much, but who flew United when they did travel. But it did not offer flexibility or traditional airline-card perks.

• High rewards rate

No annual fee

• No foreign transaction fee

15.99%-22.99% Variable APR

Rewards rate

Bonus offer

$150 in United TravelBank cash after you spend $1,000 on purchases in the first 3 months from account opening.

Ongoing APR

APR: 15.99%-22.99% Variable APR

Cash Advance APR: 24.99%, Variable

Balance transfer fee

Either $5 or 5% of the amount of each transfer, whichever is greater.

Foreign transaction fee

• Earn 2% in TravelBank cash per $1 spent on tickets purchased from United.
• Earn 1.5% in TravelBank cash per $1 spent on all other purchases
• No foreign transaction fees
• Enjoy 25% back as a statement credit on purchases of food, beverages and Wi-Fi onboard United®-operated flights when you pay with your United TravelBank Card.
• TravelBank cash is easy to use. $1 in TravelBank cash = $1 when used toward the purchase of a United ticket.
• Your TravelBank cash accumulates in your United TravelBank account on United.com.
• $0 Annual fee

Compare to Other Cards

Detailed review: United℠ TravelBank Card

» this card is no longer available..

The United℠ TravelBank Card is no longer accepting applications. United Airlines and Chase have introduced a new credit card with no annual fee, the United Gateway℠ Card , which effectively takes the place of the TravelBank Card. Read our review of the United Gateway℠ Card , or explore other United Airlines credit card options . Below is our review of the United℠ TravelBank Card from when the card was still on the market.

If you fly United Airlines, the United℠ TravelBank Card might be tempting because of its annual fee of $0 . But it ultimately might not be worthwhile for most United flyers because of all that it lacks as an airline card.

The card has its own rewards currency that you can use to book free United flights. And its rewards rate is decent for both United spending and all other spending. It’s kind of like a cash-back card, where you can spend the cash only at United.

But you won't get free checked bags or early boarding like you do with many airline cards. And you won’t earn United MileagePlus miles, the airline’s frequent-flyer miles that have a chance at returning huge value.

If you want a card like this one, just get a true cash-back card . Then, you can spend your cash rewards on anything, not just United flights. Otherwise, ante up for a United card with an annual fee that comes with useful airline perks. There’s a good option in the United℠ Explorer Card .

» MORE: How to choose an airline credit card

United℠ TravelBank Card : Basics

Card type: Airline .

Annual fee: $0 .

2% in TravelBank cash per $1 spent on tickets purchased from United.

1.5% in TravelBank cash per $1 spent on all other purchases.

Sign-up bonus: $150 in United TravelBank cash after you spend $1,000 on purchases in the first 3 months from account opening.

Foreign transaction fee: None.

Interest rate: The ongoing APR is 15.99%-22.99% Variable APR .

Noteworthy perks:

25% back as a statement credit on purchases of food, beverages and Wi-Fi onboard United-operated flights when you pay with your card.

No foreign transaction fees.

Trip cancellation/interruption insurance.

Rental car insurance.

Purchase protection.

» MORE: Benefits of United Airlines credit cards

Benefits and perks

Simple rewards earning.

With a typical airline card, you earn frequent flyer miles or points with every purchase. You then redeem those rewards for free flights or seat upgrades. But frequent flyer programs can be exceedingly complicated. The number of miles you’ll need for a particular flight depends on an array of factors. On top of that, the flight you want might not have award seats available. And your preferred travel dates might be “blacked out” — that is, reserved for paying customers.

The United℠ TravelBank Card eliminates the whole idea of miles. Instead, you earn “TravelBank cash,” which is redeemable for travel with United on a simple dollar-for-dollar basis.

The card earns 2% back on United purchases and 1.5% back on everything else. A $500 United flight, for example, would earn $10 in TravelBank cash. A $500 purchase elsewhere would earn $7.50.

Simple rewards redemption

When booking a flight with United, you can pay some or all of the fare with your accumulated TravelBank cash rewards. Consider a ticket that costs $400. If you had at least $400 in TravelBank cash, you could use it to pay the entire fare. If you had only $50 in rewards accumulated, you could apply it to the fare and reduce the cost to $350.

Some travel credit cards have annual fees measured in hundreds of dollars, while the typical airline card often charges a fee of close to $100 per year. This card has an annual fee of $0 .

Sign-up bonus

For a simple credit card with an annual fee of $0 , it’s a pleasant surprise to have a sign-up bonus: $150 in United TravelBank cash after you spend $1,000 on purchases in the first 3 months from account opening.

» MORE: NerdWallet's best airline cards

The United℠ TravelBank Card is light on flash compared with most travel cards, but it comes with minor perks:

In-flight discount: 25% back as a statement credit on purchases of food, beverages and Wi-Fi onboard United-operated flights when you pay with the card.

No foreign transaction fees: Travel cards generally don’t charge a fee — 3% is common — for making purchases abroad. This United card doesn’t, either. And it uses the Visa network, which is widely accepted abroad.

Travel-related insurances: Trip cancellation/interruption insurance and secondary rental car insurance are nice-to-haves on an airline card.

Purchase protection: Covers new purchases made with the card for 120 days against damage or theft, up to $500 per claim and $50,000 per account.

How it compares with other United cards

The United℠ TravelBank Card is one of three co-branded consumer United Airlines credit cards. Its siblings pack more perks.

Here’s how they compare on key features:

Business owners, even those with side gigs, might consider the United℠ Business Card .

» MORE: Full review of the United℠ Business Card

Drawbacks and considerations

No checked bags or early boarding.

At $35 per bag each way when you don't prepay, fees for first checked bags add up in a hurry, especially when you’re traveling with others on your itinerary. That’s why typical airline cards are so valuable. But this card has no checked-bag-fee waivers, so you’ll have to pay. And you won’t get boosted toward the front of the boarding line, because the card lacks a priority boarding perk. That could hurt you when looking for overhead bin space.

» MORE: Airline credit cards that offer free checked bags

The logical solution is the United℠ Explorer Card . It offers:

2 MileagePlus miles per dollar spent on purchases from United.

2 miles per dollar spent on restaurant purchases and hotel stays.

1 mile per dollar spent on all other purchases.

First checked bag free for you and a companion on your reservation, if you use the card to purchase your ticket.

Two United Club one-time use passes per year.

Global Entry/TSA Precheck statement credit every four years.

25% off in-flight purchases.

Sign-up bonus: Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.

It has an annual fee of $0 intro for the first year, then $95 .

» MORE: Full review of the United℠ Explorer Card

You won’t earn United MileagePlus miles with this card. That keeps things simple, but you also lose the potential to reap outsize value by scoring a great awards seat — like a business-class international fare worth thousands of dollars — for relatively little spending.

Fewer benefits

Some airline cards give you perks at the airport. They might reimburse you the application cost of Global Entry or TSA Precheck to get through security lines quicker, or get you free or discounted passes to an airport lounge.

This card offers none of those.

» MORE: Cards that offer airport lounge access

Limited reward redemptions

Redeeming rewards is relatively simple, but you’re still locked into United Airlines. That's limiting compared with general travel credit cards , which allow you to apply rewards to a wide range of travel-related expenses.

An option for those looking to avoid an annual fee is the Bank of America® Travel Rewards credit card .

1.5 points per dollar spent.

3 points per dollar spent on eligible travel booked through the Bank of America® Travel Center.

A value of 1 cent per point when redeemed for travel credit and a little over half a cent per point for cash.

A sign-up bonus.

The Bank of America® Travel Rewards credit card isn't tied to an airline or hotel chain. Book travel any way you want, with no restrictions and no blackout dates, and then use points to wipe out the cost on your statement. Bank of America® also has one of the broadest definitions of "travel" of any major issuers. You can use points to get credit for airfare, hotel stays, cruises, car rentals, campgrounds, art galleries, amusement parks, carnivals, circuses, aquariums and zoos.

» MORE: Full review of the Bank of America® Travel Rewards credit card

This card earns bonus rewards in multiple categories, including dining and travel. You can transfer points on a 1:1 basis to about a dozen hotel and airline programs, including United, or you can use them to book travel through Chase at 1.25 cents per point. However, you won't get any airline-specific perks. Annual fee: $95 .

How to decide if it's right for you

The United℠ TravelBank Card offers a simpler way to earn free flights on United Airlines for casual flyers committed to that airline. But honestly, you’re better off with a cash-back credit card .

If you spread your flying among a number of carriers or want more flexibility, consider a general travel credit card . United loyalists are likely to get more value from the United℠ Explorer Card .

Information related to the United℠ TravelBank Card has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.

• The best credit cards of 2024
• Best travel credit cards
• Best rewards credit cards
• Best cash back credit cards

Methodology

NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. Qualitative factors are those that affect how easy or difficult it is for a typical cardholder to get good value from the card. They include such things as the ease of application, simplicity of the rewards structure, the likelihood of using certain features, and whether a card is well-suited to everyday use or is best reserved for specific purchases. Our star ratings serve as a general gauge of how each card compares with others in its class, but star ratings are intended to be just one consideration when a consumer is choosing a credit card. Learn how NerdWallet rates credit cards.

About the author

Gregory Karp

Wanted: Megabank chief willing to work for half pay

LONDON—Help wanted: Someone to oversee $3 trillion in assets and 221,000 workers. Must be worldly, willing to travel constantly, knowledgeable about Chinese politics and able to deal with a demanding boss.

Salary: Half of what you would make in the U.S.

HSBC, one of the world’s largest banks, is looking for a new chief executive. Its current CEO, Noel Quinn, surprised markets Tuesday when he said he would retire soon, once a successor is named.

Quinn, 62 years old, has been in the role for just under five years and is leaving after a year of robust profits and a 21% rise in HSBC’s London-listed stock price.

Quinn hinted at the unique demands of the job when he described how, over Christmas, he longed to work a bit less and have more time for his family.

One factor that influenced Quinn’s decision to retire now was the desire to have a new CEO in place before Chairman Mark Tucker himself retired, according to a person familiar with the matter.

Tucker hasn’t said when he will retire, though the HSBC board follows U.K. industry guidelines that limit a chairman’s term to nine years. Tucker would hit his limit in late 2026. By retiring now, Quinn will prevent a potential situation in which both the chairman and CEO jobs become vacant at around the same time.

Unlike in the U.S., where bank CEOs and board chairs are often the same person, in the U.K. the roles are held separately, giving chairmen much more power over companies.

Tucker, a former head of the larger insurer AIA Group, will now get to choose his third CEO since becoming chairman in fall 2017. Tucker selected HSBC veteran John Flint shortly after taking over, then pushed him out less than two years later.

A potential obstacle to finding a successor is pay. Quinn earned £10.64 million, or about $13.3 million, last year. That is hardly a pittance. But the head of Citigroup—HSBC’s closest peer globally—made almost double that, at $26 million. Shareholders of U.K. banks, including HSBC, are typically more stringent in approving large pay packages relative to U.S. banks.

HSBC, based in London, began this year with 42 million customers across 62 countries and territories. It occupies a special role in the global economy, as the world’s biggest lender financing trade and a major conduit for money flowing across borders, especially between the West and China.

Quinn has frequently traveled to Asia to meet with political leaders, corporate bosses and investors as HSBC seeks to expand in the region—while also trying to appease its main regulators in London. He worked to mend relations with mainland China after the bank provided information to U.S. investigators in 2016 in a criminal case against Huawei, a prominent Chinese tech company.

“Being a CEO of HSBC is a bit like being a diplomat or the head of government or the head of state of a country," said Joseph Dickerson, a banking analyst at Jefferies, “both in terms of the sprawl of the bank itself and then the various constituents you have to interact with, which is a pretty delicate balance."

One example of the perils of the job: Quinn spent more than a year fending off an attempt by one of HSBC’s top shareholders, China’s Ping An Insurance, to split up the bank. Ping An had become incensed early in the pandemic when HSBC, under pressure from U.K. regulators, suspended dividend payments to shareholders to preserve equity and prepare for potential losses.

Another feature of the job is working for Tucker, an Englishman who has a reputation as being demanding. Tucker keeps a close eye on the business and has called Quinn as early as 5 a.m. E.T. from New York, where the chairman owns a home, while on daily walks.

HSBC has typically selected from within for its CEO. Quinn had been at the bank for three decades when he was named. His predecessor, Flint, was also an HSBC lifer.

There are potentially half a dozen candidates internally, people familiar with the matter said. One leading one is Georges Elhedery, who took over as chief financial officer early last year after nearly two decades with the bank. He has spent time in Asia, the Middle East and Europe.

The others include Colin Bell, head of HSBC’s Europe operations, and the leaders of its three global business lines: Greg Guyett, head of global banking and markets; Nuno Matos, head of wealth management and personal banking; and Barry O’Byrne, head of global commercial banking.

Externally, speculation focused on Charlie Nunn, CEO of Lloyds Banking Group, a big U.K. retail bank. Nunn, a former senior partner for consulting firm McKinsey, once led HSBC’s wealth and personal banking unit and was a leading candidate to succeed Flint before Flint was fired.

Another potential successor is former UniCredit CEO Jean Pierre Mustier, the runner-up for the job when Quinn was named permanent CEO in 2020. Mustier declined to comment.

Perlie Mong, a banking analyst for Keefe, Bruyette & Woods, said the bank typically chooses CEOs who take a methodical, cautious approach. The result, she said, is that the bank has a steady business, but one that has failed to grow at the same pace as U.S. banks since the financial crisis.

“Arguably another CEO like that is not going to change the trajectory of HSBC," Mong said.

Write to Josh Mitchell at [email protected]

MINT SPECIALS

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Wealth of Geeks

31 Cheap Places to Travel in the US That Won’t Break the Bank

Posted: March 4, 2024 | Last updated: March 4, 2024

Cheap places to travel in this economy? It’s more likely than you think. Despite rising costs, some places in the United States remain affordable and, therefore, accessible to all kinds of travelers. Whether you’re looking for a romantic getaway, bachelorette trip, or solo adventure, our list of cheap places to travel will have you ready to pull the trigger on booking that flight. The only thing you’ll need to worry about is what to pack while you’re away!

1. Grand Teton National Park, Wyoming

National parks make great vacation destinations precisely because they’re usually inexpensive to visit, and Grand Teton National Park is no different. Although the entrance fee is usually $35 per car and covers up to 15 passengers, there are multiple days each year when fees are waived. Camp-style, co-ed accommodations at resorts like the  Climber’s Ranch  start at just $35 per night.

2. St. Augustine, Florida

Culturally rich cities with historic sites to visit always rank high in terms of affordable travel, and St. Augustine is the oldest in the United States. With its public beaches, Fort Matanzas, Castillo de San Marcos, and Fort Mose , St. Augustine is the perfect cheap place to travel. The forts afford beautiful views, nature trails, and live demonstrations.

3. Yachats, Oregon

Located on the Oregon Coast, Yachats is full of wildlife, natural beauty, and tons of free outdoor activities. Visitors will love Tillicum Beach, just four miles north, with plenty of parking and public restrooms. There are also multiple local hotels and inns  to choose from.

4. Cuyahoga Valley National Park, Ohio

Cuyahoga Valley  offers a great day trip from Cleveland, Ohio, or as a standalone outdoor adventure. There are more than 125 miles of hiking trails available, ranging from easy to challenging. For cheaper accommodations, camping is available less than 10 miles away from the park.

5. Moab, Utah

Another excellent choice for multi-talented adventurers,  Moab  offers hiking, mountain biking, and river rafting in the Colorado River. Visitors can enjoy free art trails and a fare-free transit service that serves the city. You’ll also love the unique, rust-colored desert views and vistas!

6. Detroit, Michigan

There are so many free things to do in Detroit it’s impossible to list them all, but one must-see is the  Belle Isle Aquarium , the oldest original aquarium in the country! Although a $5 donation is encouraged, it isn’t required. Over 16 months of the pandemic, the aquarium invested $1.2 million in renovations and new exhibits, so there are tons of brand new water creatures and wildlife to spy.

7. Branson, Missouri

Noël Russell, CXO and co-founder of  Whimstay , a budget-friendly platform for booking last-minute vacation rentals, calls Branson “a blend of entertainment and serene landscapes.” Russell encourages visitors to enjoy a meal at BillyGail’s Cafe, known for massive, delicious pancakes and country-style meals at affordable prices. Tickets at the Titanic Museum are reasonably priced and offer family-friendly fun. As if to underscore her point, Branson was previously featured in a shorter Wealth of Geeks collection of  affordable travel spots !

8. Chattanooga, Tennessee

Chattanooga is an outdoorsy city home to the ever-popular Lookout Mountain and Ruby Falls. Tours of the falls, which utilize a glass-front elevator to descend more than 260 feet below the surface, cost just $39. With multiple attractions within 15 minutes of each other, you could spend all day with your family and not see the entire thing!

9. Broken Bow, Oklahoma

Russell says Broken Bow is “a treasure trove of natural beauty and outdoor adventures.” Beavers Bend State Park is free to access and offers hiking trails, which visitors can follow up with affordable meals at Grateful Head Pizza Oven & Tap Room. The Forest Heritage Center Museum, with its nominal entrance fee, offers insights into the region’s rich forestry history. Affordable cabin rentals abound in Broken Bow, ranging from tiny rustic hideaways to sprawling estates. With Whimstay, Russell says travelers can expect an average savings of at least 24 percent.

10. Gulf Shores, Alabama

If you’re in the mood for a beach vacation but don’t want the high prices of other coastal cities, Gulf Shores has all the amenities you’re craving at lower costs. With miles of public beach and hotels and condos that range from affordable to fancy, there’s something here for every budget range. Gift shops, restaurants, mini-golf courses, and other activities abound.

11. Louis, Missouri

St. Louis is known for its pizza style, but one of its most popular attractions is the City Museum. Single-day tickets to the multi-story extravaganza cost $20, but kids under two play for free. Basic passes cost $45 and include access to many special events, plus come with a parking discount. Of course, you’d be remiss to miss out on taking a tiny elevator tube up to the top of the St. Louis Arch!

12. Raleigh, North Carolina

Much like Detroit, Raleigh is packed full of free activities that families and solo travelers will love. There’s no admission fee for the African American Cultural Center, Buckhorn Disc Golf Course, or the City of Raleigh Museum. While there are nicer boutique hotels available, there are also easily accessible and more affordable chain hotels as well.

13. Gatlinburg, Tennessee

According to Russell, one of many key highlights in Gatlinburg is the Gatlinburg Trail, one of the few dog-friendly trails in the area. It’s dotted with old settlements, and Russell calls it a “hiker’s paradise.” Ripley’s Aquarium of the Smokies offers admission for around $35, as well as discounts for children and seniors. Using Whimstay, guests could expect to save an average of 22 percent on hotel accommodations. 

14. Sedona, Arizona

Surrounded by seven wilderness areas, Sedona is the spot for hikers, outdoor lovers, and anyone interested in Native American heritage and history. Sedona is about three hours away from three separate tribal parks and has six national monuments within a three-hour drive. You’ll love having so many day trip options — perfect for a multi-night stay!

15. Myrtle Beach, South Carolina

For a taste of local flavor, Russell says visitors should check out River City Cafe for mouthwatering burgers at wallet-friendly prices. Families and solo travelers will love the SkyWheel, a towering Ferris wheel with stunning views that offers affordable ticket options. The Carolina Country Music Fest brings the beach to life with tunes and ocean breeze each summer. 

16. Pittsburgh, Pennsylvania

With 250 blooming cherry trees in North Park, Pittsburgh comes alive with a beautiful pink color each spring. However, visitors can enjoy the 60-acre  Pittsburgh Botanic Garden , complete with a lotus pond, all year long. Admission starts at just $15, and there are multiple discounts available.

17. Big Bear Lake, California

Big Bear Lake offers outdoor adventure all year long, in any season. Travelers will love snowboarding, fishing, skiing, mountain biking, hiking, and more. From cozy rental cabins to resorts, private homes, and bed and breakfasts, there are also  accommodations  to fit every price range.

18. Bailey, Colorado

Bailey is home to the uber-funky Sasquatch Outpost, only a couple hours’ drive away from the larger city of Denver. Enjoy the quirky museum with interactive exhibits on a day trip, then head to the small downtown area to refuel at Aspen Peak Cellars. The winery features tastings, pick-up dinner nights, and even live bluegrass music.

19. Memphis, Tennessee

Memphis is the far more affordable sister to the state capitol of Nashville. A stroll down historic Beale Street offers live jazz and blues drifting from bars and restaurants at no cost, and visitors will love seeing the daily Duck March at the Peabody Hotel.

20. Fredericksburg, Texas

With its unique German heritage and picturesque Texas Hill Country scenery, Russell says Fredericksburg is one of the most enchanting cheap places to travel in Texas. Wine enthusiasts will adore the affordable tastings at local vineyards like Grape Creek Vineyards. Each spring, the town comes alive with the vibrant Fredericksburg Crawfish Festival, and the beauty of Wildseed Farms, a stunning display of Texas wildflowers, is always free.

21. Washington, D.C.

One of the best parts about Washington, D.C., is all the free historical sightseeing and museums. Whether you stroll down Pennsylvania Avenue to see the White House or ponder the giant statue of founding father Abe Lincoln at the Lincoln Memorial, there’s something here for every history buff.

22. Ocean City, Maryland

Ocean City is a haven for beach lovers and budget travelers, according to Russell. The Ocean City Boardwalk offers endless free entertainment, from people-watching to stunning ocean views. Thrasher’s French Fries, a beachside staple, is known for its simple yet delicious fries. For a tranquil escape, visit Northside Park, a perfect spot for a serene stroll or picnic by the bay.

23. Kansas City, Missouri

Kansas City features an excellent, free streetcar that has 16 stops in the  Crossroads Arts District ,  Power & Light District , and  River Market . After 2 pm, get free admission to Deanna Rose Children’s Farmstead, which hosts hundreds of animals families will love to pet and learn about.

24. Pensacola, Florida

Pensacola offers all the beachy activities of Miami at a fraction of the cost. With dozens of hotels, inns, and condos that span a giant price range, you’re sure to find something in your budget. Although travelers will enjoy the stereotypical gift shops and seafood restaurants, the city also features late-night Irish pubs, dive bars, and other forms of nightlife.

25. Plains, Georgia

Plains makes for a cute, cozy trip in the Southeast. It’s the home of former President Jimmy Carter, so you can expect plenty of peanut-related merchandise paying homage to the peanut-farming executive at local gift shops. The Windsor Hotel is stunning and historic, and other chain hotels offer less expensive accommodations.

26. Portland, Maine

The Old Port district is the best of both worlds, combining pubs and nightlife with historic cobblestone streets, boutique shopping, and more. On Fridays, from 4 to 8 pm, the Portland Museum of Art offers free admission. There aren’t many other places where you can see original Andy Warhol paintings at no charge!

27. Gettysburg, Pennsylvania

Much like Washington, D.C., Gettysburg is home to a history that’s integral to the United States. The town might be quaint, but many of the downtown activities and even some of the memorials are still dog-friendly, a rare amenity while traveling. Gettysburg National Military Park is one such location, allowing you to walk in the footsteps of soldiers who fought on that spot more than 160 years ago. 

28. Salem, Massachusetts

Although best known for its Halloween-themed activities, Salem is a beautiful New England town all year round. The Salem Witch Trials Memorial is free to visit, as is Old Burying Point Cemetery. This quaint, albeit dark, town offers a bewitching getaway for travelers who don’t mind getting a little spooked.

29. Asheville, North Carolina

Asheville offers both outdoor and free historical adventure. Being nestled just outside the Appalachian Mountains, visitors can choose from literally hundreds of miles of hiking trails that begin around the city. With soccer fields, picnic areas, disc golf, walking trails, bocce courts, sand volleyball courts, and a playground,  Buncombe County’s parks  are a cut above.

30. Baraboo, Wisconsin

Baraboo makes the perfect day trip getaway from the busy Chicagoland area. It’s best known for Devil’s Lake, a beautiful glacial lake ringed by hiking trails that offer challenging treks and unique rock formations. Dogs are allowed, a rarity for parks and trails!

31. Kissimmee, Florida

Just a stone’s throw from Orlando’s theme parks, Russell says Kissimmee offers its own affordable adventures. Explore the Shingle Creek Regional Park, where kayaking unveils Florida’s natural beauty and wildlife. Savor the flavors of Florida at Abracadabra Ice Cream Factory, where the treats are as magical as the prices. History buffs will enjoy the Osceola County Welcome Center and History Museum, which offers free admission.

No matter which state you’re from or hoping to visit, the US has some truly affordable day trips and cheap places to travel. While you should be on the lookout for cheap travel hacks that actually have the  potential to ruin your trip , these destinations aren’t a danger! Luckily, there’s something on this list for both nature lovers and those who prefer to have fun indoors. From free museum admission to national parks and more, you can easily travel on a budget if you get creative.

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Irish-based bank with most loans to Russian clients cuts exposure by 80%

Dublin-based intesa sanpaolo unit slashes size of russia business.

Intesa Sanpaolo, Italy’s largest bank by assets, has been reducing its exposure to Russia since the outset of the Ukraine war.

The most exposed Irish-based bank to Russia, Intesa Sanpaolo Bank Ireland , reduced loans to clients from that country by close to 80 per cent in the past two years as a result of the war in Ukraine .

The Dublin-based corporate lender’s loans to Russian companies stood at €150.9 million in December, down from €704 million at the end of 2021, shortly before Vladimir Putin ordered the invasion of Ukraine, its latest annual financial statement filed with the Companies Registration Officer (CRO) shows.

Russian clients accounted for almost half of all of the Irish bank’s loans before the war. They made up 19 per cent of Intesa Sanpaolo Bank Ireland’s €790 million portfolio at the end of last year. The accelerated reduction of Russian exposures saw its total loan book shrink by 32 per cent in 2023.

“The strategy of de-risking of Russian exposures which began in 2022 continued into 2023,” Intesa Sanpaolo Bank Ireland said in the report, adding that it expects to reduce its Russian loans further this year. The Dublin-based but Italian-owned bank’s origins can be traced back to the establishment of Dublin’s International Financial Services Centre (IFSC) in 1987.

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The Irish Times reported last year that Intesa Sanpaolo Bank Ireland was alone among the domestic and overseas-owned banks regulated by the Central Bank to report material exposures to Russia since the outset of the Ukraine war. There are 16 licensed banks in Ireland.

The wider Intesa Sanpaolo group, Italy’s largest banking group with almost €965 billion of assets, has been seeking to become a bank considered to have zero Russian exposure.

The overall group’s total loans to Russian customers halved last year to €872 million, including almost €200 million in its Banca Intesa Russian unit. Its net exposures are lower.

Intesa Sanpaolo Bank Ireland set aside €17.3 million to cover expected losses on Russian loans last year, having booked a €151.4 million impairment charge in 2022, as western sanctions weighed on local companies and the wider economy.

The Irish unit swung into a net profit of €107.7 million from a loss of €143.3 million for the previous year, as net interest income jumped 143 per cent to €55.3 million amid higher interest rates and as the company released some €76.8 million of loan loss provisions.

The Italian bank is working to sell its unit in Russia, which stopped doing fresh business at the outset of the war, to local management. However, it has so far been prevented from closing the sale because it has not received all necessary local authorisations, despite Mr Putin giving the deal his approval in September.

The group has written down the entire equity value of its Russian unit since and reduced its cross-border exposure by 84 per cent between mid-2022 and the end of last year, bringing it down to 0.1 per cent of the group’s total customers.

Meanwhile, the Financial Times reported this week that European banks paid more than €800 million in taxes to the Russian government last year, marking a fourfold increase from pre-war levels, despite pledges to reduce their exposure.

The newspaper listed Raiffeisen Bank International, UniCredit, ING, Commerzbank, Deutsche Bank, Intesa Sanpaolo and OTP as collectively having reported profits exceeding €3 billion in Russia last year.

In the case of Intesa Sanpaolo’s unit, the €138 million profit was driven by idle cash being stored at the Russian central bank, where deposit rates are 16 per cent. The parent group has not consolidated the Russian unit’s profit since 2022.

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Joe Brennan

Joe Brennan is Markets Correspondent of The Irish Times

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Q1 2024 mastercard inc earnings call, participants.

Devin Corr; EVP of IR; Mastercard Incorporated

Michael Miebach; CEO, President & Director; Mastercard Incorporated

Sachin Mehra; CFO; Mastercard Incorporated

Bryan C. Bergin; MD & Analyst; TD Cowen, Research Division

Bryan Connell Keane; Research Analyst; Deutsche Bank AG, Research Division

Craig Jared Maurer; Co-Director of Research & MD; Financial Technology Partners LP

Dan Dolev; MD & Senior Equity Research Analyst; Mizuho Securities USA LLC, Research Division

Darrin David Peller; MD & Senior Analyst; Wolfe Research, LLC

David John Koning; Associate Director of Research & Senior Research Analyst; Robert W. Baird & Co. Incorporated, Research Division

David Mark Togut; Senior MD; Evercore ISI Institutional Equities, Research Division

Harshita Rawat; Senior Research Associate; Sanford C. Bernstein & Co., LLC., Research Division

James Eugene Faucette; MD; Morgan Stanley, Research Division

Ramsey Clark El-Assal; Research Analyst; Barclays Bank PLC, Research Division

Sanjay Harkishin Sakhrani; MD; Keefe, Bruyette, & Woods, Inc., Research Division

Tien-Tsin Huang; Senior Analyst; JPMorgan Chase & Co, Research Division

Timothy Edward Chiodo; Analyst; UBS Investment Bank, Research Division

Presentation

Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the Mastercard Inc. Q1 2024 Earnings Conference Call. (Operator Instructions) Mr. Devin Corr, Head of Investor Relations, you may begin your conference.

Thank you, Audra. Good morning, everyone, and thank you for joining us for our first quarter 2024 earnings call. With me today are Michael Miebach, our Chief Executive Officer; and Sachin Mehra, our Chief Financial Officer. Following comments for Michael and Sachin, the operator will announce you opportunity to get into the queue for the Q&A session. There is only then that the queue will open for questions. You can access our earnings release, supplemental performance data and the slide deck that accompany this call in the Investor Relations section of our website, mastercard.com. Additionally, the release was furnished with the SEC earlier this morning. Our comments today regarding our financial results will be on a non-GAAP currency-neutral basis unless otherwise noted. Both the release and the slide deck include reconciliations of non-GAAP measures to GAAP reported amounts. Finally, as set forth in more detail in our earnings release, I would like to remind everyone that today's call will include forward-looking statements regarding Mastercard's future performance. Actual performance could differ materially from these forward-looking statements. Information about the factors that could affect future performance are summarized at the end of our earnings release and in our recent SEC filings. A replay of this call will be posted on our website for 30 days. With that, I will now turn the call over to our Chief Executive Officer, Michael Miebach.

Michael Miebach

Thank you, Devin. Good morning, everyone. Our momentum continued this quarter as we once again delivered strong revenue and earnings growth. Quarter 1 net revenues were up 11% and adjusted net income up 16% versus a year ago on a non-GAAP currency-neutral basis. These results were powered by healthy consumer spending and strong cross-border volume growth of 18% year-over-year on a local currency basis. We had new deal wins in every region, and we're driving growth by scaling our innovative technologies. That's why people choose Mastercard, a simple, seamless and secure way to pay. With these strong results, we are reiterating our full year 2024 outlook for both net revenue and operating expense on a currency-neutral basis, excluding acquisitions and special items. On the macroeconomic front, the picture remains mixed. First, strong labor markets and solid wage growth remain in countries across the globe. This is supportive of healthy consumer spending. Second, inflation has been moderating with a path towards normalization of monetary policy in most countries. Persistent inflation in the United States could delay rate cuts here. And third, geopolitical uncertainty remains in several countries. In addition to these areas, we are closely monitoring the strength of the dollar, commodity prices and consumer balance sheet health. With tailwinds and headwinds to economic growth remain on balance, we are positive about the growth outlook. With this backdrop, we are focused on our strategic priorities: consumer payments, new flows and services and new networks. The recent realignment of our organizational structure will help our teams to execute on these priorities faster to deliver more value to our partners and customers. In payments, our growth algorithm consists of being in the flow to capture the natural growth of economies, accelerating the secular shift to electronic payments, further penetrating new flows, growing market share and optimizing our customer portfolios. I will address a few of those. Starting with the shift to digital for person to merchant payments, this secular opportunity has been a very important component of our growth algorithm across both volume and transactions. We are confident this will continue over the long term. Our acceptance footprint is a key competitive advantage, and we continue to expand our reach globally while enhancing the user experience for digital transactions through our technologies. Our fast and secure Contactless technology has been instrumental in displacing cash. Contactless now represents more than 2 of every 3 in-person [switch] purchase transactions, up from 1 in 3 prior to the pandemic. And our Tap on Phone capabilities are simply a cost-effective way for merchants of all sizes to accept digital card payments. We're now live in over 100 markets. In Brazil alone, the number of active devices is now over 1.5 million. And Apple continues to expand Tap to Pay on iPhone in markets like Brazil, where recently the solution was rolled out by fintechs, Stone, [NuBank], SumUp and Cloud Walk. As payments become more digital, there is an increasing demand from consumers and merchants for a simpler and more secure payment experience. Whether online or through a wallet provider, our tokens, deliver an elevated level of security and payment credentials are shared between the bank and the merchant. This improves the performance of a client's portfolio while supporting new ways to pay. This key differentiator creates a flywheel effect. Lower fraud, higher approval rates and a better consumer experience bring more transactions and volume to the MasterCard network, which in turn drives more payments revenue and brings more data. Tokens also create a streamlined way to accelerate the monetization of associated services to our customers. In quarter 1, tokenized transactions grew over 50% year-over-year with more room to go as only approximately 1 in 4 transactions on the MasterCard network are tokenized today. Further opportunity lies in the verticals traditionally underpenetrated by Card. Merchants are embracing solutions to simplify checkout, reduce missed payments and drive engagement. We are focused on segments such as housing and health care that have sizable spend and where our solutions can address the needs of providers and consumers. Rent payments is one vertical where we are working with aggregators to enable digital payments. In health care, we're partnering with several providers to grow acceptance in key markets like Germany. And we are playing in the gaming community or puns intended, with partners like global video game commerce company, Xsolla to improve the payment experience. The opportunity to bring more transactions onto the Mastercard network remains. We now switch approximately 2/3 of our total transactions worldwide, up from approximately 55% in 2018. Our actions in markets where switching penetration was historically low like Japan, Mexico, Colombia and Chile have increased this penetration, and we will continue to focus on this. My takeaway for you is the secular opportunity is large and it's lasting, and we are well positioned to go after it. Our momentum also continues with issuers and co-brand partners as we are winning new deals and retaining key business in every region. Starting in the Americas. In the fi quarter, we further solidified our position in Brazil. signing an agreement with Banco Bradesco, one of the largest banks in the market across credit, commercial and services. We're making great progress in converting the previously announced debit wins in the United States. The Fiserv Money Network card program for the California Employment Development Department has now gone live with Mastercard. On the conversions of Citizens and Webster, we are well underway. We're further strengthening our leadership position with retail co-brands in the U.S., Mastercard will be the exclusive network for the Citi issued Dillard's co-brand. We have also extended our long-standing partnerships with Target and the TJX companies. In Asia Pacific, Middle East and Africa, we signed a 10-year exclusive partnership with First Abu Dhabi Bank, the largest bank in the UAE. The agreement spans consumer and commercial issuance across UAE, Saudi Arabia, Oman and Egypt. We entered into a new exclusive co-brand agreement across the EMEA region with Global Hotel Alliance, the world's largest alliance of independent hotel brands. And in India, we signed a 10-year consumer credit issuance deal with Axis Bank. And finally, in Europe, we extended our long-standing partnership with (inaudible). The deal renews our payments relationship with one of the largest banks in the region while continuing to embed comprehensive marketing, consulting and loyalty solutions. These examples, like many others, are true partnerships. Our teams are invested in making them a win-win experience, and we will continue to use our innovative product capabilities and differentiated service offerings and our solution selling approach [produce] positive results for our customers and for Mastercard. Now you asked before, why are we winning? That's exactly why we're winning. Moving next to the new flows pillar of our growth algorithm. We continue to execute against our strategy to further penetrate the addressable market in targeted areas like commercial payments, and disbursements and remittances. Growth in commercial is about making sure we are connected to the right partners and have the right solutions to power growth. made great strides in securing key partnerships, including traditional banks, travel and ERP providers. We previously announced our expanded agreement with Wells Fargo in the U.S. As part of our small business relationship, I'm happy to share that we've made significant progress in the conversion of this card portfolio to the Mastercard network. Also this quarter, we won our first commercial credit issue deal with SBI Card in India. In commercial solutions [we're] components of the Banco Bradesco and First Abu Dhabi Bank deals I mentioned earlier. In addition to aligning with the right partners, it's also about having the right solutions to help commercial clients address their needs, like consumers, they want an easy and secure payment experience. Our new innovative mobile virtual card app enables commercial cards to be seamlessly added to digital wallets as we do as a consumer, but businesses can easily enable employees to pay for expenses with a click and a smile. At the same time, they can optimize back-office processes with robust spend controls, enhanced reconciliation data. HSBC Australia and Westpac will be the first financial institutions to offer this solution. The same principle applies to the open-loop commercial fleet space, where we are the market leader. Our differentiated capabilities have positioned us as a preferred partner with the market-leading fleet providers such as Corepay. And fleet fintech AtoB has announced they will now convert their commercial credit card program exclusively to the Mastercard network. And sticking to new flows, disbursement and remittances, we continue to extend our reach to new markets. In quarter 1, we grew transactions by over 40%, [in combined], our portfolio of domestic and international money movement capabilities into 1 offering, Mastercard Move. It includes our Mastercard Send and cross-border services and reaches nearly 10 billion endpoints worldwide. This quarter, we extended our reach further in China with our connection to Alipay, in the U.S., we're partnering with Verituity to create a white label solution for banks to modernize their disbursements and remittances through a plug-and-play solution. And we will work with Sweden based Pagero to support account-based cross-border and domestic payments. Now shifting from payments to services and new networks, another important component of our growth algorithm. It starts with a powerful set of diversified solutions with best-in-class fraud capabilities, data analytics, consulting, marketing, loyalty, identity and open banking assets. These carefully curated assets help us grow and diversify our revenues and differentiate our payments. We drive growth in services and new networks across several vectors. First, remember, a portion of our services revenue is driven by payments. and these metrics continue to perform well. In addition, we're driving growth by increasing the penetration of existing customers. We're extending our services across new customers and new payment flows and we build and deploy new solutions. Here are a few examples of how we're executing against these. Starting with increasing penetration with existing customers, success in delivering our services, strengthen relationships and can generate opportunities for future service engagements. Our best-in-class conversion support is often an entry point. A great example is with Westpac in Australia and New Zealand, where we expanded our service offerings to include digital strategy, marketing solutions, innovation sprints and portfolio optimization campaigns. We have a diverse set of solutions to also help banks manage critical business needs outside of payments, take credit risk, for example, core to all banks. Our consultants are working with Ford Brazil to improve their credit policies and management. In a Saudi National Bank, we are enabling new credit risk modeling and scoring capabilities. There's still room to further penetrate services. Our top 50 services customers on average are using 2 to 3x more services than the balance of our issuing and acquiring customer base. We're also driving growth by extending our reach across multiple rails and networks outside of the Mastercard network. Mastercard Access provides customers with a single trusted connection to quickly and easily source a suite of services and we are seeing great traction. For example, Saudi National Bank will leverage Access to deploy a set of scheme-agnostic services across their portfolio. We also continue to innovate and develop new services and solutions. This helps us to meet the evolving needs of our clients while growing our addressable target market. Here's an example. Think about how people are shifting to streaming and other digital services. As they do, they're looking for 1 simple view of all their subscriptions. I think we've all been there. It's why we developed smart subscriptions. It's an open banking powered solution that puts a simple dashboard of all subscriptions regardless of network right into their consumer banking application. Cybercrime is a growing concern, last year alone, people in the United States lost over $12 billion to Internet scams. Scam Protect builds on the cybersecurity protections we have delivered for years, combines our identity biometric AI and open banking capabilities to identify and prevent scans before they occur. As part of this, we're partnering with organizations around the world, including Verizon, to collaborate on new solutions to protect consumers. By combining Mastercard's Identity Insights with Verizon's robust network technologies, new AI power tools will be designed to more accurately identify and block scammers. We continue to enhance our solutions with generative AI to deliver even more value, a world-leading real-time fraud solution, Decision Intelligence, has been helping banks score and safely approve billions of transactions, ensuring the safety of consumers and the entire payments networks for years. The next-generation technology, Decision Intelligence Pro is supercharged by generative AI to improve the overall score and boost fraud detection rates on average by 20%. So overall, there's a strong demand for our services and new networks across a diverse customer base. They continue to grow faster than the core, and we remain optimistic about the opportunity ahead. With that, I will wrap it up. In summary, we delivered another strong quarter of revenue and earnings growth. We are successfully executing against our strategy in realizing our growth algorithm. Our differentiated capabilities, our diversified business model and our focused strategy poses well to capitalize on the significant opportunity in front of us. Sachin, over to you.

Sachin Mehra

Well, thank you, Michael. Turning to Page 3, which shows our financial performance for the first quarter on a currency-neutral basis, excluding where applicable, special items and the impact of gains and losses on our equity investments. In line with our outlook, net revenue was up 11%, reflecting continued growth in our payment network and value-added services and solutions. Operating expenses increased 9%, including a minimal impact from acquisitions. And operating income was up 12%, including a minimal impact from acquisitions. Net income and EPS increased 16% and 19%, respectively, both reflecting the strong operating income growth as well as [the] lower tax rate, primarily due to a change in geographic mix of earnings and discrete tax benefits related to share-based payments. EPS was $3.31, which includes a $0.07 contribution from share repurchases. During the quarter, we repurchased $2 billion worth of stock and an additional $815 million through April 26, 2024. Let's turn to Page 4, where I'll speak to the growth rates of some of our key drivers for the first quarter on a local currency basis. Worldwide gross dollar volume or GDV increased by 10% year-over-year. In the U.S., GDP increased by 6% with credit growth of 6% and debit growth of 6%. Outside of the U.S. volume increased 13% with credit growth of 12% and debit growth of 13%. The Overall, cross-border volume increased 18% globally for the quarter, reflecting continued strong growth in both travel and non-travel related cross-border spending. Turning now to Page 5. Switched transactions grew 13% year-over-year in Q1. Both card-present and card-not-present growth rates remained strong. Card-present growth was aided in part by increases in contactless penetration as Contactless now represents approximately 67% of all in-person, Switched to Purchase Transactions. In addition, card growth was 8%. Globally, there are 3.4 billion Mastercard and Maestro-branded cards issued. Turning to Slide 6 for a look into our net revenue growth rates for the first quarter discussed on a currency-neutral basis. Payment network net revenue increased 8%, primarily driven by domestic and cross-border transaction and volume growth and also includes growth in rebates and incentives. Value-Added Services & Solutions net revenue increased 15% despite tougher comps in Q1 2023. This growth was primarily driven by strong growth in our underlying drivers and continued demand for our Consulting and Marketing Services, Loyalty Solutions and Fraud and Security capabilities. This was partially tempered by slower relative growth in our other solutions. Now let's turn to Page 7 to discuss key metrics related to the payment network. Again, all growth rates are described on a currency-neutral basis, unless otherwise noted. Looking quickly at each key metric. Domestic Assessments were up 10%, while Worldwide GDV also grew 10%. Cross-border Assessments increased 22%, while Cross-Border volumes increased 18%. The 4 ppt difference is primarily driven by favorable mix and pricing. Transaction Processing Assessments were up 12%, while Switched Transactions grew 13%. The 1 ppt difference is primarily due to lower revenues related to FX volatility versus the prior year, partially offset by favorable mix. Other Network Assessments were $226 million this quarter. As a reminder, these assessments primarily relate to licensing, implementation and other franchise fees and may fluctuate from period to period. Moving on to Page 8. You can see that on a non-GAAP currency-neutral basis, excluding special items, total adjusted operating expenses increased 9%, which includes a minimal impact from acquisitions. The growth in operating expenses was primarily due to increased spending to support the continued execution of our strategic initiatives as well as an increase in indirect taxes as discussed on our Q4 earnings call. This was partially offset by the timing of advertising and marketing spend. Turning to Page 9, let me comment on the operating metric trends in the first quarter and through the first 4 weeks of April. As a reminder, our Q1 Switched metrics include the impact of the leap year in 2024, which added just over 1 ppt of growth across each of Switched volumes, Switched Transactions and Cross-Border volumes. In addition, our Switched metrics in Q1 and in the first 4 weeks of April were impacted by the timing of Easter, which occurred at the end of Q1 this year as compared to in April in 2023. After removing the impact of those 2 items, our operating metric trends were generally stable for the quarter as well as when looking at the first 4 weeks of April. A few items to note. U.S. Switched volume and transaction growth benefited from the commencement of the conversion of the Citizens debit portfolio to Mastercard. Outside of the U.S., growth was negatively impacted primarily by the lapping of the conversion of the NatWest debit portfolio to Mastercard. Cross-border card-not-present, ex travel continues to show strength and cross-border travel growth was impacted by tougher comps as we continue to lap the recovery of travel, particularly in Asia Pacific, which opened up later from COVID restrictions than the rest of the world. Turning to Page 10. I wanted to share our thoughts for the remainder of the year. Our business fundamentals remain strong and our diversified business model and momentum with customers position us well for the opportunities ahead. This is all underpinned by healthy consumer spending, the secular shift to digital forms of payment and strong demand across our value-added services and solutions offerings. As Michael said, there are a number of headwinds and tailwinds that we are monitoring, and we stand ready to manage investment levels as appropriate, while maintaining focus on the execution of our strategy. Overall, we remain positive about the growth outlook. As it relates to the full year 2024, our thoughts for net revenue and operating expenses remain unchanged on a currency-neutral basis, excluding acquisitions and special items. We expect net revenue to grow at the high end of a low double-digit range on a currency-neutral basis, excluding acquisitions. This reflects continued healthy consumer spending and higher value-added services and solutions growth in all quarters for the balance of the year as compared to Q1. Acquisitions are forecasted to have a minimal impact for the year. And foreign exchange is now expected to be a headwind of 1 to 2 ppt for the year, primarily driven by the recent appreciation of the U.S. dollar. In terms of operating expenses, our expectations for the full year are to grow at the low end of a low double-digit range on a currency-neutral basis, excluding acquisitions and special items. Acquisitions are forecasted to have a minimal impact to this growth rate for the year, while we expect a 0 to 1 ppt benefit from foreign exchange. Now turning to Q2 2024. Year-over-year net revenue growth is expected to be at the low double-digit range on a currency-neutral basis, excluding acquisitions. Acquisitions are forecasted to have a minimal impact to this growth rate, while we expect an approximately 2 ppt headwind from foreign exchange for the quarter. From an operating expense standpoint, we expect Q2 operating expense growth to be at the low end of a low double-digit range versus a year ago, again, on a currency-neutral basis, excluding acquisitions and special items. Acquisitions are forecasted to add 0 to 1 ppt to this OpEx growth and foreign exchange is expected to be a tailwind of approximately 1 ppt for the quarter. Other items to keep in mind, on other income and expenses in Q2, we expect an expense of approximately $85 million. This expense is higher than what we had in Q1, driven by lower forecasted net average cash balances in Q2, primarily due to higher working capital requirements as well as the geographic mix of cash. This assumes the prevailing interest rates and debt levels continue and excludes gains and losses on our equity investments, which are excluded from our non-GAAP metrics. Finally, we expect a non-GAAP tax rate of approximately 17% for both Q2 and on a full year basis, all based on the current geographic mix of our business. And with that, I will turn the call back over to Devin.

Thank you. [Audra], you may open up the line for Q&A now.

Question and Answer Session

(Operator Instructions) And we'll take our first question from Sanjay Sakhrani at KBW.

Sanjay Harkishin Sakhrani

Yes. Sachin, just a question on the guide. I mean, it seems like a lot of the guide lower on revenues is just FX, but I'm just confirming when we look at the volume and yield trends, those seem to be doing fairly well, if not slightly better than expectations. And you mentioned the conversion beginning, just trying to think through as we look ahead, it seems like those trends seem constructive. I just want to make sure that's the way you're looking at it.

Sanjay, I think you said it exactly right. First of all, just to be very clear, like I said, our guide for the full year on a currency-neutral basis, excluding acquisitions, is unchanged relative to what we shared at the last earnings call. what we're seeing, generally speaking, is healthy consumer spending. These trends are very much in line with what we expected when we put the guide out in the first place. So nothing unusual to report from an overall spending trend standpoint. Obviously, the U.S. dollar has appreciated quarter-over-quarter. And what you're seeing is really our best reflection of what we think the impact of the strengthening U.S. dollar is going to be on our as reported numbers, which is what we shared with you. That's the only real update. Our guide otherwise is very much unchanged. And as it relates to your question on conversions, the conversions which are taking place are very much things which we had contemplated in our original guide. So that's very much part and parcel of what we had contemplated. So business as usual, I want to be very clear, there's nothing which has really changed from a guide standpoint, when you look at it on a currency-neutral basis, excluding acquisitions.

We'll move next to Craig Maurer at FT Partners.

Craig Jared Maurer

Two questions. First, it looks in the April trends as if the most material slowdown was intra-Europe cross-border. Could you just confirm if that's the case and if that was really predominantly Easter like you suggested. Secondly, we should be coming up on the 6-month anniversary of your announcement of Chinese domestic market approval. When should we expect the first transaction to be processed? And have you been able to work out whether you'll be able to use existing issued cards in the domestic market after a workaround on the EMV code or will you have to reissue?

Craig, I'll take the first question. Your observation on intra-Europe is exactly right. What you're seeing in the first 4 weeks of April is exactly what you said. It's related to the timing of Easter. Easter has actually a more pronounced impact in intra-Europe and that's why you're seeing a more exaggerated number out there. And then on your second question, as it relates to China, Michael is going to just take that right now.

So on China, we got the license in November, and we shared our excitement about that. So the excitement continues. The teams have been busy building out issuance relationships with our banking partners in China and building out the acceptance footprint. We're obviously not starting from 0 here. We had a strong cross-border business. So we have relationships in play that give us a heads up. There was a time line associated with the license, and we're expecting to go live with the first transactions to a very specific question here in the month of May. As far as using existing cards in China, I think the key question here behind that is -- how can you use existing acceptance in China and start to generate volume. And here, our approach is through the partnership with the digital wallets to have cards put into the digital wallet so they can be used at the whole wide range of merchants in China. So I do want to say we are excited. At the same time, it's clear we're going to start processing, (inaudible) transactions domestically, this is a medium- to long-term opportunity. In the short term, there's more work that we need to do to build out more acceptance and continue to get more card programs out, but we feel very encouraged about that. Our teams are very busy with that activity.

And Craig, I'll just add a couple of points as it relates to China. One, I think you might have seen in the press that the Chinese government is pushing hard to increase inbound cross-border travel by expanding acceptance of international cards. That's their way of making sure that they're encouraging tourism inbound into the country. And we're actively working on expanding our footprint there, just expanding on what Michael said. That's point number one, as it relates to how we're seeing the China play, play out. The second point I'll make on China is -- it's kind of interesting when you think about a MasterCard card issued in China going forward, that will probably be 1 of the few networks which is most widely accepted across the globe, just by virtue of the fact that those cards are now going to be accepted in China and they're already accepted across the globe, different from our competitors in many ways. So we like what we're doing in terms of pursuing our strategy down there. I just wanted to make sure I kind of brought those 2 points out as well.

We'll go next to Ramsey El-Assal at Barclays.

Ramsey Clark El-Assal

Michael, how would you characterize or how do you think about the penetration rate of existing customers when it comes to value-added services. It's more important part of the growth algorithm, how do you measure -- how do you think about how mature the long-term opportunity is when it comes to cross-selling value-added services into your base?

Ramsey, you are hitting on a really important point. value-added services, a key differentiator for our payment solutions, payment solutions. The link is pretty clear, more volume, more data, and I talked about the whole growth algorithm earlier on the call. Now this doesn't just naturally have to us. It requires really focused execution. To your point, we are all at any point in time, very clear what our cross-sell ratios are, what value we can offer to our customers and who we have it offered to and who we haven't offered it to. I give you a stat earlier that talked about that you have 2 to 3x more services with our top 50 customers. So there is tremendous potential in there. And our teams are very focused on that. Across the company, we have our existing relationship manager, sales force out there across the whole world, but we're also having a set of very specific more hunter-oriented sales forces that drive very specific new products with deep value that we drive into separate selling centers into these customers. So it's a pretty broad approach. At any point in time, we see that data, and we drive that because as you said, this is a near-term growth opportunity that we should leverage and we will.

We'll go next to Harshita Rawat at Bernstein.

Harshita Rawat

Michael, can you talk about the U.S. merchant class action settlement. I know this still needs to be approved by the courts, but how should we think about the implications from the changes proposed on surcharging for specific brands? And how do you think you stay down?

Right. Thanks, Harshita. So the first word, I would say, relief. This has been long standing, and we are happy that there was an agreement found with the merchant community as well as with Visa and this is behind us. So what this was about is the U.S. merchant rules class. So what was in focus here was the business rules that make up the Mastercard promise. And the conversation was around how can we provide opportunities to merchants to manage their cost of acceptance on 1 hand, at the same time, how do we keep the major promise to consumers of the Mastercard brand and that is, you can pay anywhere and you will not be discriminated against your payment. So that was the toggle over the years and an agreement was reached. And basically, what happens is we're going to have a mild reduction of interchange rates, number one. and we're providing more clarity and simplification around surcharging rules and discounting rules on the 1 hand. At the same time, we retain the promise of [to] honor all card rule out there. So that is what is out there. We don't expect any dramatic impact on the business from the interchange changes. And for merchants, they -- we will see what the choices they make on surcharging and on discounting. We've seen in the past that surcharging is not always clear to consumers. It's not always prepared, so we'll see what choices will come up. So broadly speaking, I don't expect a major impact on our business. In terms of financial impact, we have accounted for the legal fees associated with that. Otherwise, there is no impact directly on Mastercard. So all in, a very good outcome, and it proves 1 point. It proves the point that there is a lot of momentum and a lot of competition in the payments market and yet again another moving item and merchants agreed to this, and this is a good step forward for everybody.

We'll take our next question from Dan Dolev at Mizuho.

So rebates and incentives were a little bit higher than what we had expected in the first quarter. How should we think about the remainder of the year? And do we expect it to cool off a little bit?

So on rebates and incentives, very much in line with what I kind of shared in terms of our thoughts at the last earnings call, very much in line with our expectations as how we ended up in the first quarter. As it relates -- and you know what the usual puts and takes are as it relates to what drives this incentive, so I won't kind of repeat that. But the reality is, we continue to be out in the market, working to win business. We've got a strong pipeline of deals. We'll continue to execute on that. You hear about them on every earnings call. As it relates to the second quarter, as we see it right now, we expect rebates and incentives as a percentage of our payment network assessments to be roughly similar to slightly down from what we saw in the first quarter. So the reality is -- I want to kind of just make sure we put this in perspective, right? We do these rebates and incentives to bring more volume onto our network. When we bring more volume onto our network, it gives us the opportunity to optimize those portfolios to grow them at a faster pace, it helps us deliver more services, which helps us drive net revenue accretion from a yield standpoint. And so it's very much in line with our strategy, and that's what I've got in the nature of thoughts for the second quarter.

Yes. It's a competitive marketplace. So we have to be competitive on the financial side. We clearly see the flywheel effect that Sachin just talked about between payments and services, more volume on, more ability to sell our services. But it's also clear that we are very, very focused on what deals we want to win. So we don't want to win every deal and we're very, very targeted here whatever meets our financial criteria and our strategic focus in certain markets and certain verticals.

We'll go next to Darrin Peller at Wolfe Research.

Darrin David Peller

Maybe we just hit on some specific travel trends. I mean, and really more broadly, consumer trends. If you could just give us a little more on what you're seeing from a travel dynamics standpoint. It did decel a bit into April. And I know Easter timing was a factor, but it seems like it could be a little more than that. So is there anything you're seeing behavior-wise that's impacting that? Do you expect that to rebound and then maybe just, Michael, if you can give us a sense of your view of where we are in the, the dynamic of conversion on to electronic payments for the consumer payment side. Any changes in patterns we're seeing in terms of the U.S. growth rate in particular and then more broadly.

Sure. I'll take the first part of your question. As it relates to cross-border travel, really, what we are seeing is exactly what we said, which is the lower growth rate that you're seeing in the first 4 weeks of April, as we've seen and we've analyzed as being primarily driven by just the timing of Easter. There's nothing unusual to call out. The only thing I will say is when you think about cross-border travel, you should think about it in the context of also tougher comps, particularly as it relates to Asia because Asia was late to come out of the restrictions of COVID. So last year, you saw a strong recovery take place in terms of cross-border travel in Asia and then it just creates [for] tougher comps this year. But fundamentally, the value prop is very sound. We've got great portfolios, we continue to win portfolios which are travel leaning, cross-border travel leaning, and we're executing on this portfolio. So nothing unusual that I'm seeing, travel growth rates are very healthy, and they're actually, I would say, are running at a cliff, which is -- when I go back to the pre COVID days, it actually is running at a cliff, which is pretty comparable to what we used to see in the pre COVID days when adjusted for the timing of Easter and the comp impact.

Right, just a last comment on travel and tourism in general. Sachin earlier mentioned that the Chinese government is really focused on driving inbound tourism. I just came back from a series of trips Indonesia, 1 of them, and you see yet another government that is driving inbound tourism. We see it in India. We see it in Spain and so forth. In order to work with governments and how to actually do that. There's a whole practice around our public sector business to build out, use the data that we have to create not -- in order to aid the portfolios that we have, create approaches with governments to promote their respective destinations. And all this comes hand-in-hand to a much more holistic approach that we're now seeing around travel vis-a-vis competitors out there. So that was 1 thing I wanted to add. On the conversion piece and the shift to digital payments, you asked specifically about the United States. I want to hang it up a little bit broader. Starting off with -- there is a tremendous secular opportunity from a geographic perspective. So there is opportunity left here in the United States, but if you look around the world and you see some other countries, G7 economies like Italy, you have 45% cash. So tremendous opportunity even in developed opportunities to -- developed companies to go after that. I just mentioned Indonesia. In Indonesia, you have over 70% cash. So this is a country where the President has put out by 2045. They're going to be the fourth largest economy in the world, 280 million people. So there's the whole range across developed and developing economies for us to continue to go and push into. You heard us talk about changing behaviors post-COVID. People are ordering more takeout foods and doing more things generally online, and that is generally a preferential place for card transactions. So going into these verticals is important. We gave you the example on a number of occasions of takeout food. That's 1 transaction in the restaurants, but multiple transactions as you pay your platform, the platform pays the restaurant and so forth. But think about public transport is another example. Here, we're talking real scale around the globe. So that is multiple transactions as consumers get into open-loop systems multiple times a day. And when they get out of the station, they use that same tapping behavior as they buy a coffee and so forth. So there's tremendous transaction opportunity driven by change in behaviors of consumers. And there's whole new sectors, as I mentioned about in the prepared remarks, health care, rent and so forth. So the secular opportunity, this was not just a throwaway comment earlier when I say it's big and it's lasting. It goes up exactly in those layers, and we are very focused on each and every 1 of those layers. So this is around for a while.

We'll go next to Tien-Tsin Huang at JPMorgan.

Tien-Tsin Huang

Just wanted to ask on value-added services. The the outlook here. Can you just elaborate on the visibility for a faster growth beyond the first quarter? I know comps are -- is a big part of it. Just curious about visibility beyond the comps. And then is there potential to catalyze growth in the other category within value-added services?

Sure. Tien-Tsin, I'll take that. So like I mentioned, right, I mean, first of all, our overall outlook and the demand we're seeing for our value-added services and solutions continues to be quite compelling and strong. I mean we're out there actively, as Michael mentioned earlier, driving and pushing harder across the various sectors, which we kind of talked about. So I won't repeat them. As it relates to the thoughts I shared as it relates to growth rates for value-added services and solutions for the remaining quarters of the year, which I said that the growth rates would be higher in each of the quarters compared to Q1. It's really based on what we're seeing in the nature of the pipeline, how we're seeing things shape up in terms of the cadence of how we're going to deliver on these value-added services and solutions, we feel pretty good about the outlook there, which is why we're sharing with you what we're thinking about in the nature of this higher growth relative to Q1 in each of the quarters. The only other comment I'll make is it's a little bit of a reminder out here, which is, as we deliver on these value-added services and solutions, we're obviously generating revenue from the value-added services and solutions but that's also driving very compelling kind of cases for us to accelerate our payments growth, right? So that's part and parcel of the strategy. It's all kind of very independent, one or the other. On your other question, which was around other solutions growth, look, we continue to remain focused on growing the other solutions. It's primarily comprised of our real-time infrastructure assets as in our bill payment assets. That inherently is slightly slower growth compared to what we've got in our safety and security solutions, our consulting and marketing, loyalty solutions, so we'll continue to drive on that. I don't necessarily expect that the growth rates there are going to get comparable to what we see on the safety and security side as well as in the consulting and marketing and loyalty solutions side, primarily because the opportunity which is there on Safety and Security and Consulting is a much larger TAM and it's a faster-growing TAM, and we're continuing to execute on it. The good news is -- the safety and security fees as well as the consulting and marketing and data analytics and insights component is the lion's share of what comprises our value-added services and solutions.

(inaudible) back to the piece, Tien-Tsin, as we discussed earlier about existing customers and the cross-sell. So that's an opportunity. We laid out the drive into new customer segments. So that's pretty clear. In here, give you an example, on the personalization thing, our Dynamic Yield acquisitions dating back to [2020], you have a lot of high-end retail and commerce brands that I want to engage on that. Everybody is trying to cut through the clutter, take Saks Fifth Avenue, they're using our personalization services. So those are all opportunities to get into certain verticals that we're not even in today in a significant way. So that is what gives us great confidence, there's great demand as we look ahead into services, and that's why we're saying they're going to be higher than the first quarter.

We'll move next to David Togut at Evercore ISI.

David Mark Togut

Are you seeing any change in competitive intensity in Europe, primarily for your payment network. Your primary competitor called out share gains local payment networks in the quarter that has long been a source of growth for Mastercard. So either changing competitive intensity from the principal competitor in Europe and/or any initiatives by local payment schemes to become more competitive themselves?

David, Europe's a fantastic growth story for Mastercard, starting off with some of the big shifts in debit in the U.K., some great wins on the continent. Earlier, I was talking about the renewal of (inaudible), some big deals that are still in flight on conversion if you think about UniCredit, 13 markets across the continent. So we're well positioned here. Obviously, Europe is in focus from a set of competitors that is local players as in local schemes and so forth, but we've long found a way to partner with them. we feel they have a great proposition on credit and debit to compete. At the same time, there are services partnerships that we drive across and then more traditional competitors, of course, we're all eyeing Europe. Europe is too much of a growth story overall for everybody to keep competing. But we, as I said earlier, we try to turn these relationships into win-win partnerships. UniCredit in the end decided to go with us because they feel we have shown better traction in serving their customer needs. So it comes down to that, and I feel pretty confident as I look across Europe. And it continues to be a growth opportunity. Back to this question about secular opportunity. Europe still has a lot to offer on that front, and we have a whole set of solutions to go after that.

Just 1 more point I'll add, David, as it relates -- we've had this long-standing focus on conversion of Maestro to Debit Mastercard, and that's very much the case in Europe as well that we continue to execute on that. I feel like that's going to be one of those things which will continue to provide us a natural tailwind as we continue to execute on that capability. For example, in this quarter, we migrated or converted very roughly 7 million consumers from Maestro to debit Mastercard. And that's a global number. That's not just a Europe number, but I just want to share that with you as another piece of how we're executing in Europe.

We'll move next to James Faucette at Morgan Stanley.

James Eugene Faucette

I'm wondering, you talked about strong cross-border and travel trends, et cetera. We've seen some more indications of uneven consumer spending development in other parts of the economy generally. I'm wondering if you can call out whether it be in the U.S. or in other markets, if there's anything discernible at your level in terms of consumer shifting, spending preferences or categories that are noteworthy. And if we should take in if there's anything that could impact Mastercard or other indications that we should be aware of?

All right. Let me start off on this and then Sachin can comment further. So you've seen the 18% growth, so this is strong. So there's a travel component to that, and there is an ex travel component to that. Ex travel continues to be particularly strong, it's cross-border e-commerce and the [likes]. On the travel side, if you break that down, we talked about the trends. I want to lift it up a little bit to the broader -- I think the broader angle of your question. So what are the various things that consumers think about as they make spending decisions, how did it make ends meet and travel has been strong ever since COVID, particularly strong from a recovery perspective and has been strong even for COVID because the seeking of experience is just a fundamental trend that hasn't gone away. So it's not one of those circular things. This is just a secular trend that we see. People are seeking services and experiences and travel is the top of the list. Now as you go and break this down into different countries, you're going to see different stages of inflation. You're going to see different monetary policy and fiscal policy, how governments and regulators are reacting to inflation and so forth. And that affects consumers in different ways. If you see inflation in non-carded verticals, that's going to impact your payment decisions or your spending decisions on carded verticals and so forth. So it's a pretty not uniform story around the world. that's why I come back to the fundamental trend. Travel is winning. People want to go out and make that trip. And hence, we remain pretty optimistic around that.

As it relates to while we're on the topic of cross-border travel, I just wanted to kind of share where we are in terms of where we see potential for some recovery, which is particularly in Asia Pacific, which has got still some room to grow. [Case in point] would be China, where we've shared these metrics with you in the past, but I'll share with you what the Q1 metric was inbound and outbound of China. So in Q1, cross-border travel, inbound and outbound into and from China stood at approximately 80% of the pre-COVID level. So there's still room to recover. And granted China is going through a little bit of a slower period in terms of how the domestic economy is performing. But the reality is there still remains an opportunity over the medium to long term to see how this recovery comes through in the nature of travel even from that corridor, per se.

We'll take our next question from Tim Chiodo at UBS.

Timothy Edward Chiodo

I want to talk a little bit about U.S. debit trends. So you mentioned the Citizens Bank beginning -- portfolio beginning to come through. But also on Reg II, more specifically, we've talked about it in the past as a small portion of your overall net revenue in terms of U.S. online debit. And often, we talk about the risk or the threat to that small portion. But could you also talk about the flip side to that, so the opportunity for Mastercard to gain the position on the back of the card for some of the Visa debit cards in the U.S.

Right, so Tim, great point. We love to talk about debit. You saw the 6% growth rate. So this is good. We're doing well, and the impact of the conversions is felt. As far as it comes to routing and Reg II, this question comes up for now for a couple of calls. And I have to say where we are, we're seeing some impact, but it's not material. That comes to the bigger question that you raised, how do we look at that? So it's not material, that's great. That gives us even more reason to look at the opportunity side of this and you're fighting for back of card. And in the end, it comes down to the routing mandates, such as just distorting the market. I think what's happening here is it's ignoring the fact that in the end, a merchant will make a decision on the basis of a net economic outcome. And the net economic outcome is not just the cost of operating related to some routing costs but it is fraud costs, et cetera, the whole package altogether. And this is, I think, where we score well because we have a better proposition. Last 5 years, we've invested $7 billion into Safety and Security Solutions and that makes a competitive advantage for us. So -- and that makes for a competitive advantage for us. So I see the opportunity, our teams are out. They're talking to merchants that saying, "Here's what the net proposition is if you choice A versus choice B. And so far, that is an encouraging set of dialogues.

Our next question comes from Bryan Bergin at TD Cowen.

Bryan C. Bergin

I wanted to just ask about the change in the organizational structure. Any financial implications to be [aware] from that? Just how you're feeling about those early changes as you pursue the growth opportunities across the business.

Right. So what we're doing here is you heard us talk about the growth algorithm, about our strategic priorities. In the end, what's happening here is we're realigning our portfolio of activities, always recognizing these are all interdependent. We're talking payments and services and altogether, it makes our competitive advantage position. But we basically say, we want to focus on core payments. We want to focus on new payment flows, and we want to focus on an integrated services set of offerings. And that is what is part of this announcement, plus we see tremendous opportunity on the AI side, particularly on the generative AI side, and we've created a central role for that. So these are 4 very seasoned leaders in the company that have tremendous experience around these topics. They're going to take this on and the whole idea is to move faster and drive more value to our customers. In terms of financial impact, what I hope to see is we kind of deliver the growth that we think is out there in terms of potential. That is the impact that I'm looking for. So that's really the play. There's nothing else to say beyond that. I'm looking -- talking to Craig, who's going to lead the services [saying], what is going to be on our product road map going forward? How do we drive even more services growth, et cetera. So that's the whole play. It's bringing structure strategy in line and move forward.

Next, we'll move to Bryan Keane at Deutsche Bank.

Bryan Connell Keane

Just want to ask about the continued positive yields you're getting in cross-border, your major peer isn't seeing the same kind of positive yield and they talk about low currency volatility as part of the reason. So I think you mentioned Sachin pricing and mix and just helping us understand how much is sustainable of those changes for yield in cross-border and the differences maybe between your closest peer.

Sure. So first, I just want to quickly remind you that as it relates to the impact of FX volatility in our instance, that shows up in our transaction processing assessments. It doesn't show up in our cross-border assessment. So the impact of the, what I would say, the drag associated with FX volatility shows up in this transaction processing assessment line. It doesn't show up in our cross-border assessment line, point number one. Point number two, you're right about the yields. Our portfolios continue to perform well. It goes back to what Michael said earlier, we want to win not only every portfolio, but we want to win the right portfolios. And that's what we focused on doing over the last few years, which is winning the right portfolios for cross-border and what that's helped us do is see this favorable mix come through where we are seeing the inter cross-border grow at a more rapid pace than the intra-Europe cross-border. And you do know that the yields on the inter cross-border side are higher than the yields on intra cross-border, intra-Europe cross-border. So that certainly helps from a yield standpoint. And then as it relates to your question on pricing, look, we've always kind of done pricing for the value we deliver when we deliver value to our customers, whether it's on the issuing side of the acquiring side, we price for it. I called out that in this quarter, we had a little bit of a lift come through on pricing in the cross-border assessments line. And you'll see that come through the ensuing quarters as the year progresses as well.

We'll take our next question from Dave Koning at Baird.

David John Koning

Nice job. I guess advertising is my question. It was the lowest in a long time by quite a bit, too. And I'm wondering if there's some correlation between how much you have to advertise and even rebates that if you're giving back some in dollars to your clients, you don't have to advertise quite as much. Is there a correlation there? And maybe just why is it down so much?

Yes. Look, I mean, the A&M spend is typically -- it's a cadence of how we see the promotions we want to do. So let me just step back and kind of think a little bit about why we spend on A&M. You could do it at the brand level, but you could do it towards activation of sponsorships. And depending on when your sponsorship assets are in play is when you want to do the activation around those sponsorship assets. So that influences the cadence of spend on A&M. So you're right, we had lower A&M in the first quarter. I kind of mentioned in my prepared remarks about how it's the timing of A&M. What I was basically alluding to is that as the year progresses, we will be spending more on the advertising and marketing line. On the second part of your question as to the toggling factor between the expense line and what we might be giving in terms of marketing or marketing spend in terms of [contract]. There is an element of marketing, which we do give in terms of rebates and incentives to drive portfolio spend. We work very closely with our issuing partners on that. And so it's across both of those that we are looking to actually optimize from a marketing standpoint.

Right. The last comment I want to make on this. So we are a very large fintech, but we're not just a fintech. We have a massive consumer brand. It's a fast-moving brand. It's amongst the top 10 brands on Brand Z, so investing in marketing is absolutely critical. This is not a trade-off that we make to -- from quarter-over-quarter, it fluctuates at exactly the way that Sachin just talked about, when is the Champions League on? When is this on this on, when is that on, and we have a very carefully curated set of sponsorship assets and it drive a bit of the timing. But we love our brand, we invest in it. I think for the fifth year in a row, we have been the #1 Sonic brand in the world. So there's a lot going on, on the marketing side that we are very proud about. And I think that brings us to the end. What a great question to end the call on. Thank you so much. It is Labor Day in most parts of the world today. So when I thank our colleagues yet again, which I do in every call, on Labor Day, it makes even more sense. SO a big call out to the 33,000 at Mastercard, and thank you to you and our shareholders for your continued support. Thank you very much. Speak to you next quarter. Bye-bye.

And this concludes today's conference call. Again, thank you for your participation. You may now disconnect.

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