Another awesome reason to apply for a credit card is for the travel benefits and rewards. Currently, hotels, airlines and banks are competing for every credit card dollar we spend. Such competition has created an amazing spree of credit card innovation and travel offers, such as the birth of the Chase Sapphire Reserve card which is offering 100,000 point sign on bonus and the Chase Ritz Carlton Rewards Card card offering three free nights at a Tier I - 4 Ritz Carlton hotel, equivalent to up to 180,000 points. Banks are incentivizing you to spend money with their credit cards and offering substantial sign up bonuses and built in benefits. Chase recently announced that the launch of the Chase Sapphire Reserve card may cost them about $300 million dollars this recent quarter. So, which card to apply for? That is the question. There are several options to choose from different card issuers. Our favorite credit cards are issued by Chase. There cards have low fees and great benefits. For students, we recommend low or no credit card fees. We also look to cards that will continue to pay annual dividends and has lots of hotel or airline options to choose from. Therefore, we believe the Marriott Rewards Premier credit card from Chase is a great card for you. First, the Marriott Rewards Premier credit card has a promotion sign up bonus for 80,000 points plus 7,500 when you add an authorized user and they make a purchase within the first 3 months, which is enough for a few free nights depending on the category of the hotel. This offer requires you to spend $3,000 within the first 3 months of opening the account and costs $85 for the year. But for $85, we also like the dividends Marriott Rewards Premier credit card provides: a free anniversary certificate for a category 1-5 hotel. The benefit alone has easily save us $200+ on Category 5 hotels during prime season. The Marriott Rewards Premier credit card comes with extra benefits, including: earning unlimited Marriott Rewards points, earning 5x points at Marriott, Ritz Carlton and SPG properties, 2x points on airline tickets purchased directly from the airline, car rental agencies and restaurants, and 1x points on every other dollar spent with the card. If you're big into elite status like we are, the Marriott Rewards Premier credit card earns you 15 night credits to elite status after account approval and every year after after account anniversary. Applying for new credit cards only makes sense when you pay your balance in full each month. So once you apply, be sure to pay your balance off in full each month. What travel benefits interest you?
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Author#LSHR is a blog about off-campus student housing, financial education, networking, travel and helping you build your career. Archives
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