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Best Credit Card for World Travelers – Revisited

A couple of weeks ago I wrote about my desire to get a new credit card to use for my company reimbursed expenses (primarily used for international travel).  They don't offer a corporate card, so I have to use one of my own.  Anyway, I decided that two main factors would drive my decision:

  • Earn max points for travel expenses
  • Avoid any foreign currency exchange fees

After some research, I discovered that the Capital One No Hassle Miles Rewards Card was my best option because it earns 1.25 points per dollar AND has no exchange fees.

Capital One Card

Well, I ended up not going with this card.  Why?  I discovered the Bank of America Rewards American Express card.  I've since applied for this card and will be receiving it in a few days.

Bank of America Card

The Bank of America card offers these factors which led me to make this decision:

  • BOA online access along side my checking, savings, and primary credit card accounts
  • Diversification of my credit card portfolio by having an American Express card
  • Rewards for travel and dining earned at 2% for year 1
  • All other rewards earned at 1%
  • A currency exchange fee of only 1%
  • Ability to transfer points between this card and my primary credit card easily and without fees

So there you have it…I guess the point of this post is that sometimes there are other factors we don't initially consider when evaluating credit cards.  There's more to just the points factor.  Be sure to consider everything.  I'll try and provide some other feedback on this card as I begin to use it for this year's travel.

If you think I'm an idiot for choosing this card let me know in the comments below.  Also, give me a shout if you've used this card with success.

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Last Edited: July 24, 2017 @ 1:07 pm
About Philip Taylor

Philip Taylor, aka "PT", is a former practicing CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of FinCon, the conference and community dedicated to helping other financial influencers and brands. He created this website back in 2007 to share his thoughts on money, hold himself accountable, and to meet others passionate about moving toward financial independence.

PT uses Personal Capital to keep track of his financial life. This free software allows him to review his net worth regularly, analyze his investments, and make decisions about his financial future.

PT keeps a portion of his emergency fund in Betterment, the automatic investing tool that makes investing super simple. Betterment focuses on what matters most: savings rate, time in the market, investing costs, and taxes. PT recommends this service to anyone looking to get started investing for themselves.

All the content on this blog is original and created or edited by PT.