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.
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.
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.