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Best Credit Cards

What are the best credit cards for the location independent trader? Here are my picks for the best credit cards available right now.

Home / Recommended Forex Trading Resources / Best Credit Cards

 

Disclaimer: Some links on this page are affiliate links. We do make a commission if you purchase through these links, but it does not cost you anything extra and we only promote products and services that we personally use and wholeheartedly believe in. A portion of the proceeds are donated to my charity partners. 

Best credit cards for traveling traders

When used responsibly, a good credit card can give you fantastic side benefits on money that you would have spent anyway. 

Traders are always looking for ways to uncover good deals in the markets and in everyday life…and this is a good deal for me.

Although this page is titled Best Credit Cards, there is only one card that I currently recommend. There may be more in the future and that's why I decided to future-proof this page by making the title plural.

As you probably know, my Heroic List has a lot of travel related goals, so I want to rack up as many airline miles as possible. Therefore, I prefer to use a credit card with airline miles rewards.

But if that's not your goal, then there might be better credit cards out there. Do your own research and find out what works best for you.

This is what works best for me…

Chase Sapphire Preferred Visa

Chase Preferred Visa CardWhen I was looking around for a credit card, this was the best travel credit card available…and probably still is. A lot of rewards programs are slashing their benefits, so it's great to see that Chase has kept their benefits intact.

The Benefits

Here are some of the benefits:

  • 2X points on travel and dining purchases
  • 1:1 point transfers
  • $0 foreign transaction fees
  • 25% bonus on rewards redeemed for travel
  • And more!

Keep in mind that the benefits may have changed since this was written, so be sure to check the the current benefits here. The rewards might be better or worse since I signed up.

Beyond the benefits listed above, I personally like this card because Chase customer service has always been responsive and I haven't had any issues.

I do travel overseas quite a bit, so the $0 foreign transaction fees are particularly useful.

…and since Visa is accepted almost everywhere, I never have a problem using my card.

On average, I earn about 2 free one-way flights a year, just by charging everyday expenses on the card. I could probably earn an extra 1-2 more one-way flights a year if I really optimized my spending through the card, but I'll have to see if the benefits outweigh the extra work.

You can currently transfer points to the following rewards programs:

  • Aer Lingus,
  • British Airways
  • Air France KLM
  • JetBlue
  • Singapore Airlines
  • Southwest
  • United
  • Virgin Atlantic
  • Iberia
  • Emirates
  • World of Hyatt
  • IHG
  • Marriott Bonvoy

Again, that list might change, so be sure to double check before you sign up. Transferring Chase points to rewards programs that you don't use often can also prevent you from losing your points…if the program has an expiration date on points.

You can also earn bonus miles by shopping with program partners.

The Costs

This card does cost $95 per year, but so do most mid to upper range rewards cards. Then obviously, the interest is really high, like most cards (currently 17.99%-24.99%, at the time this was written).

So you shouldn't carry a balance…like with any other credit card. But if you use it responsibly, it can be a great way to start accumulating miles for your next trip, without spending any additional money.

You will need an “excellent” credit score to qualify for the card, so only apply if you think you'll qualify.

Bonus

Sign up through my special affiliate link below and get up to 50,000 miles for free (check the current offer and read the conditions to get the free miles here).

Depending on where you fly, that can be worth up to 4 one-way domestic US tickets.

Click here to sign up now

 

 

 

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CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

 

 

 

 

 

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