2017 Comparison Review: BankAmericard Travel Rewards® Credit Card vs. FlexPerks® Travel Rewards Visa Signature® vs. WorldPoints® Travel Rewards for Business Visa® Card
As soon as you come home from vacation, don’t you already want to start planning the next one? Whether it’s a family vacation, a romantic getaway, or a friend’s weekend, it’s always nice to have travel plans on the horizon.
A trip to Europe, a weekend on Lake Tahoe or a weeklong stay in the Caribbean makes the monotonous weeks of work fly by.
However, with an increase in domestic and international flight prices, frequent vacations aren’t always a reality. Aside from airfare, vacations in general are costly. You need to book accommodations and transportation, with the cost of food and beverage on top of that.
Wouldn’t it be nice if there were a way to earn rewards toward travel?
With a BankAmericard Travel Rewards®, WorldPoints® rewards card, or U.S. Bank FlexPerks® card, that is a possibility! These travel rewards cards allow you to earn points that are redeemable for travel. Having a card like the BankAmericard Travel Rewards® card is a great way to earn free vacations, and you can redeem WorldPoints rewards and FlexPerks travel rewards for travel credits as well.
The difficult part is choosing a travel rewards card. With so many options for travel rewards cards like a U.S. Bank FlexPerks® rewards card, selecting the best one for you can seem overwhelming.
It is important to do a thorough BankAmericard Travel Rewards® card review, U.S. Bank FlexPerks® review, and WorldPoints® rewards card review. The issue is that doing these detailed reviews can take a lot of your time. AdvisoryHQ wants to make the review process simpler for you.
Throughout this article, we break down the different features of these three travel rewards credit cards. Where does the US bank FlexPerks rewards card stand out? How does the BankAmericard Travel Rewards® card measure up against the WorldPoints® Travel Rewards for Business Visa® Card when it comes to fees and APRs?
By delving into each of these cards and doing a thorough U.S. Bank FlexPerks® review, as well as reviews of the others, you can decide which travel rewards credit card would be the best addition to your wallet: the BankAmericard Travel Rewards® Credit Card, FlexPerks® Travel Rewards Visa Signature®, or WorldPoints® Travel Rewards for Business Visa® Card.
Why Open a Travel Rewards Credit Card?
There are many reasons to open a credit card in general, but opening a travel rewards card like the BankAmericard Travel Rewards® card has its own benefits.
Credit cards come with many benefits, like allowing you to partake in the world of E-commerce, keeping your finances safe, and allowing you to make larger purchases more easily. What you might not know is that a travel card like the U.S. Bank FlexPerks card offers even more benefits.
Many travel cards do not have foreign transaction fees, so you can use them overseas without racking up extra charges. No one wants to go to a foreign country as a tourist, loaded with cash. Having something like a FlexPerks travel card or a BankAmericard Travel Rewards® can save you from the frustration of foreign currency and exchange rates.
In our BankAmericard Travel Rewards® Credit Card review, you will also see how introductory APR offers come into play. Do you want to finance that big trip to Europe finally? Well, a 0% APR introductory offer on a card like the U.S. Bank FlexPerks® credit card can help you offset the upfront costs.
Source: Trends and Life
What sets travel rewards cards like the WorldPoints® Travel Rewards for Business Visa® Card apart from other credit cards is obviously the travel rewards earning potential. These cards make it easy to earn credits toward free flights and other travel expenses on purchases that you would be making regardless.
If you are considering travel rewards cards, it is important to read the U.S. Bank FlexPerks® review carefully, as well the reviews of the other cards on our list. Rewards and features vary by credit card, so make sure that you find the best one for you.
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Comparison Review List
The list below is sorted alphabetically:
- BankAmericard Travel Rewards®
- FlexPerks® Travel Rewards Visa Signature®
- WorldPoints® Travel Rewards
|BankAmericard Travel Rewards®|
|FlexPerks® Travel Rewards Visa Signature®|
|WorldPoints® Travel Rewards|
Table: Comparison Table | Above list is sorted alphabetically
FlexPerks® Travel Rewards Visa Signature® vs. WorldPoints® Travel Rewards for Business Visa® Card vs. BankAmericard Travel Rewards® Credit Card Review
Credit cards like the BankAmericard Travel Rewards® card all have unique features. These factors need to be taken into consideration when applying for a travel rewards credit card, ensuring that you aren’t just lured in by a lucrative bonus offer.
When you are doing a FlexPerks® travel or BankAmericard Travel Rewards® card review, it is important to consider several features:
- APRs & introductory offers
- Travel rewards & redemption
- Sign-up bonus
As we go through our U.S. Bank FlexPerks rewards, WorldPoints® rewards and BankAmericard Travel Rewards® Credit Card review, it is important to look at these different features carefully.
Decide what features matter to you most, whether you care about annual fees, APRs, or rewards most, and use that information to make your final decision.
Credit card companies charge fees to make extra money on customers, and to offset the costs of rewards that they dole out. Their main responsibility is to their shareholders, which means their goals center on generating more revenues. Unfortunately, this means fees are passed on to customers like yourself when you sign up for a FlexPerks® Travel Rewards Visa Signature® or similar credit card.
Fees come in different forms. There are annual fees, which are charged to all customers regardless of how often or how you use your credit card. There are also foreign transaction fees, balance transfer fees, late payment fees and cash advances fees, among others. In our review of the BankAmericard Travel Rewards® Credit Card and other travel cards, it is important to detail the fees that you will see if you secure one of these cards.
Annual fees are generally the largest fee, so that is where we will begin our review. The BankAmericard Travel Rewards® Credit Card has no annual fee, just like the WorldPoints® Travel Rewards for Business Visa® Card. Unfortunately, the FlexPerks® Travel Rewards Visa Signature® has an annual fee of $49, though U.S. Bank does waive this for the first year.
When looking at travel cards, foreign transaction fees are also important to consider. You will want to be able to use your card on vacation to keep racking up travel rewards, without experiencing extra charges. Like many travel rewards credit cards, none of these cards in our comparison has a foreign transaction fee.
Another area to consider is cash advance fees. The BankAmericard Travel Rewards® Credit Card has the potential for the lowest cash advance fee on our list, with a variable rate between 3 and 5%, while the FlexPerks® Travel Rewards Visa Signature® has a set fee of 5%. The WorldPoints® Travel Rewards for Business Visa® Card falls in the middle with a 4% cash advance fee.
It is important to take a moment to look at how these cards stack up, especially in terms of fees that matter most to you.
APRs & Introductory Offers
Companies charge an annual percentage rate (APR) on the balances that you carry on your credit card. The APR that you see listed for any of the cards on our list, like the WorldPoints® Travel Rewards for Business Visa® Card, is the annual interest that you will be charged on your balance.
This is a number that you need to consider carefully, especially if you plan to carry a balance on your credit card. If you are one of the 42.1% of Americans carrying credit card debt, a high APR on a card like the BankAmericard Travel Rewards® Credit Card can have detrimental effects to your finances.
All the cards in our comparison have a variable APR. This means that the APR you are charged will be chosen from a range, based on your creditworthiness.
The WorldPoints® Travel Rewards for Business Visa® Card has the lowest variable APR at 11.49% to 21.49%. With an APR between 14.24% and 24.24%, the FlexPerks® Travel Rewards Visa Signature® card comes in second. The BankAmericard Travel Rewards® Credit Card has the highest variable APR on our list at 15.24% to 23.24% for purchases and balance transfers.
Some credit card companies also offer a 0% introductory APR period for purchases. This allows you to avoid any interest accrual for a set period. If you are planning for larger purchases, an introductory APR offer allows you to pay it back over time, with no interest.
Unfortunately, the FlexPerks® Travel Rewards Visa Signature® does not offer an introductory period. The WorldPoints® Travel Rewards for Business Visa® Card offers 0% APR for the first nine months, but the BankAmericard Travel Rewards® Credit Card tops this list with a 12 month, 0% APR offer.
If you are planning to carry a balance on your card, or planning for large purchases, pay close attention to the APR offers of each credit card.
Travel Rewards & Redemption
Now we get to the best part about travel rewards credit cards – earning travel rewards! Each of these credit cards has certain features in their rewards programs that set them apart from the others. The real task is finding which card will benefit you most.
The BankAmericard Travel Rewards® Credit Card allows you to earn 1.5 points for every dollar spent. It doesn’t matter where or when you spend it; you will earn 1.5 points regardless.
Alternatively, the U.S. Bank FlexPerks® Travel Rewards Visa Signature® card has different categories. You will earn one FlexPoint per dollar spent on purchases; double FlexPoints at gas stations, grocery stores, and airlines; and triple FlexPoints on charitable donations. The FlexPoints earned with your FlexPerks® Travel Rewards Visa Signature® are redeemable for flights on 150 airlines, and there are no blackout dates or online redemption fees.
The WorldPoints® Travel Rewards for Business Visa® Card allows you to earn an impressive 1.5 points for every dollar that you spend on all purchases. In addition, if you book travel through the Bank of America Travel Center, which is powered by Orbitz, you will earn three points per dollar spent.
There is no limit on points that you can earn, and your points will never expire. The points earned with your WorldPoints® Travel Rewards for Business Visa® Card can be redeemed for a travel related statement credit, cash back, and even gift cards. You will also experience no blackout dates or travel restrictions when you redeem your rewards.
After reading through the details of rewards earning for these cards, it is important to decide which one would work best for you. If you want more flexibility in redemption, the WorldPoints® Travel Rewards for Business Visa® Card has a variety of redemption offers. The BankAmericard Travel Rewards® Credit Card has simplicity for you, but the FlexPerks® Travel Rewards Visa Signature® allows you to earn more on everyday categories.
This is why it is important to decide what matters most to you, and what you want for redemption capabilities when deciding what card might be best for you.
With so many options out there, credit card companies sometimes offer sign-up bonuses to entice you to choose their credit card over the competitors, or even just to get you to add another card like the FlexPerks® Travel Rewards Visa Signature® to your wallet.
All the cards in our comparison offer lucrative sign-up bonuses, each with their own pros and cons.
The WorldPoints® Travel Rewards for Business Visa® Card offers the largest reward, 25,000 points, if you spend $1,000. However, the $1,000 needs to be spent in the first 60 days. Though it’s only $500 a month, some people don’t plan to charge that much, especially if this is going to be a secondary card.
The BankAmericard Travel Rewards® Credit Card and FlexPerks® Travel Rewards Visa Signature® both offer 20,000 points for $1,000 in purchases. This is lower than the WorldPoints® Travel Rewards card, but you have more time to rack up the initial $1,000. The FlexPerks® Travel Rewards Visa Signature® gives you four months to spend $1,000, while the BankAmericard Travel Rewards® Credit Card gives you three months.
Again, all these credit cards have lucrative sign-up bonuses, but the best card for you depends on your preferences and financial situation.
Conclusion: BankAmericard Travel Rewards® Credit Card vs. FlexPerks® Travel Rewards Visa Signature® vs. WorldPoints® Travel Rewards for Business Visa® Card
In going through the FlexPerks® Travel Rewards Visa Signature®, WorldPoints® Travel Rewards for Business Visa® Card, and BankAmericard Travel Rewards® card review, remember to consider the following credit card features:
- APRs & introductory offers
- Travel rewards & redemption
- Sign-up bonus
Do not just choose the first credit card that you see. It is important to take your time to understand the card specifics and terms thoroughly and to analyze how closely they align with your needs.
Do you have a big purchase coming up and need a card like the BankAmericard Travel Rewards® Credit Card that has an introductory APR offer? Do you want a travel credit card that has the biggest rewards earning potential? These are all questions you need to ask yourself.
Whether you chose the BankAmericard Travel Rewards® card or one of the others in our comparison, be sure that you are choosing the card that aligns with your individual needs. Sign-up bonuses are enticing, but remember that other features, such as APRs and fees, stick with you throughout the duration of the credit card.
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