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According to a 2016 survey, less than one-third of millennials have credit cards, which is fascinating considering the doors a great card can open when used correctly and responsibly.
Another (probably more well-known) fact about millennials is that they value experiences over things. A birthday spent in a foreign place is much more important to them than a new set of makeup brushes or an Apple Watch. And getting to know the locals in a new city or country is absolutely priceless, whether it’s shopping from them at a nearby market or clinking glasses with them at the town pub.
With these credit cards, millennials can get their travel on more and worry less about annual fees and pesky foreign transaction fees while enjoying splurge-worthy meals, cab rides when walking’s not an option and all the magnificent sights a new place has to offer.
This one’s almost too good to be true and with a $450 annual fee, it better have serious benefits. The Chase Sapphire Reserve card is great for the millennial traveler for a multitude of reasons.
First off, it awards new cardholders 50,000 bonus points within the first three months after spending $4,000 on purchases.
Planning a trip to Asia?
The plane ticket alone will get you halfway to $4,000 in busy season. Redeemable through Chase Ultimate Rewards, the 50,000-point bonus is worth $750 in travel. Cardholders also get an annual $300 travel credit, which softens the blow of that annual fee.
With this card, you can earn three points per dollar on travel (this includes taxis, hotels, trains and more), three points per dollar on eating out worldwide and one point per dollar on all other purchases.
If you’re itching for Global Entry, this card will cover up to $100 in application fees for Global Entry or TSA Precheck as well as give you access to select airport lounges. Book rental cars from National, Avis and Silvercard and earn special privileges available only to Sapphire Reserve cardholders, too.
Great news if you love dining out, whether locally or while on vacation. Spend $500 within the first 90 days of opening a Barclays Uber Visa Card and you’ll earn a $100 bonus redeemable for an Uber credit, statement credit or gift cards.
But that’s not all.
Uber Visa cardholders earn four percent back on dining (Uber Eats included!), three percent back on hotels/airfare, two percent back on all online purchases and one percent back on everything else.
This card doesn’t have an annual fee and it also doesn’t incur foreign transaction fees, which is an added bonus when traveling abroad.
Though fairly new on the credit card market, the Wells Fargo Propel American Express Card is making waves with a younger demographic.
Make $3,000 worth of purchases in the first three months and you’ll earn 30,000 bonus points. There’s no annual fee here so if you love to spend on dining, travel and streaming services (Netflix and Chill much?), each dollar spent on those purchases will earn you three points.
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