Avid travelers may also want to consider the Chase Sapphire Reserve, as recommended by CNBC Make It Money writer Kathleen Elkins. It has become a favorite among millennials since its debut in August 2016.
Despite the card’s steep $450 annual fee, Elkins says the benefits outweigh the cost. “For starters, the Sapphire Reserve offers a $300 annual travel credit reimbursement each calendar year,” Elkins says. “That essentially bumps the annual fee down to $150 a year if I spend at least $300 on travel related expenses a year.”
Plus, if you spend a lot on travel, the perks align with your spending.
“Besides rent, my biggest expense is travel, specifically airfare,” Elkins says. “This particular card rewards travelers by doling out an unmatched three times points on travel and dining. Plus, the card comes with access to airport lounges, waives the $100 application fee for Global Entry or TSA Pre-check and has no foreign transaction fees.”
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