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September 4, 2018

How to Save $500 on Your Next Vacation

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Save $500 on your next trip no matter how you like to travel, where you like to stay, or what airline you fly. Learn how.

Let's face it… vacations aren't cheap.

In between flights and accommodations, most of your budget is already gone even before you've left home.

How does saving $500 on your vacation sound?

That means more money for fun things on your trip, like food and activities.

Read on to learn how.

The Easiest Way to Save on Your Trip

One of the best ways to save on your vacation is through credit card rewards.

Below, we're introducing 3 travel reward cards that offer a huge sign-up bonus when you meet the minimum spend requirement. These bonuses can be worth as much as $500 (or even more).

That's $500 you can use to cover the cost of flights and hotels.

Not traveling by plane and don't stay in hotels? Not to worry. You can use it to cover things like Airbnbs, car rentals, cruises, and even trains too.

Read on.

Chase Sapphire Preferred

Chase Sapphire Preferred
Apply for Chase Sapphire Preferred Card
Chase Sapphire Preferred lets you earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®. This card lets you earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide.

Points can be transferred 1:1 to leading frequent travel programs including airline transfer partners. The card has a $0 foreign transaction fee. The card also comes with premium travel and purchase protection benefits (including trip cancellation/trip interruption insurance and auto rental collision damage waiver). There is a $0 intro annual fee for the first year, then $95.

Sapphire Preferred points are valued differently depending on how you redeem them. Here's what 50,000 points are worth:

You can get much better value out of this card by redeeming for travel instead of statement credit. If you want to start learning how to use airline miles, consider this card. You can save a lot more on your flights.

To learn more about Chase Sapphire Preferred, visit Chase's secure website.

Barclaycard Arrival Plus

Barclaycard Arrival Plus
Apply for Barclaycard Arrival Plus World Elite Mastercard
Barclaycard Arrival Plus offers, for a limited time, 70,000 bonus miles after you spend $5,000 on purchases within the first 90 days. 70,000 bonus miles is enough to redeem for a $700 travel statement credit. This card earns 2x miles on all purchases. And when you redeem, you get 5% miles back to use toward your next redemption, every time you redeem. There is no foreign transaction fee. There is a $89 annual fee (waived first year). Apply Now | Rates & Fees

You redeem your miles as statement credit against recent travel purchases. This means you can book travel on any travel website, with no restrictions and black-out dates. Each mile is worth 1 cent.

And there's even more. When you redeem miles for travel, you'll get 5% of the miles back. So if you redeem 10,000 miles, you'll get 500 miles back to use towards your next redemption.

Worried about meeting the minimum spend? Just book your vacation with the new card. That will help you reach the minimum spend requirement.

You can then use the bonus miles to redeem against those travel purchases.

To learn more about Barclaycard Arrival Plus, visit Barclaycard's secure website.

Capital One Venture

Capital One Venture offers a one-time bonus of 50,000 miles if you spend $3,000 on purchases within three months of account opening. 50,000 miles is equal to $500 in travel. This card earns 2x miles per dollar on all purchases. You can redeem miles toward travel purchases on any airline, hotel, or car rental. There are no foreign transaction fees. You get up to $100 credit for Global Entry or TSA Pre✓®. There is a $95 annual fee ($0 intro annual fee for the first year).

There are a couple of ways you can use your Capital One Venture miles. Each mile is worth 1 cent (50,000 points = $500).

  • Redeem against past travel purchases as statement credit with the Purchase Eraser.
  • Book future travel on Capital One's travel portal.

The most flexible method is to get statement credit for past travel purchases. You can book any travel any way you like on any website. Just simply get credit back for the purchase later with your points.

To learn more about Capital One Venture, read our review.

Bottom Line

Using credit card rewards is one of the easiest ways to save on a trip. Travel reward cards offer amazing bonuses when you meet the minimum spend requirement. These bonuses can help save hundreds of dollars on your next vacation.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Capital One® Venture® Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Chase Sapphire Preferred Card
Apply for Chase Sapphire Preferred Card
At Chase's Secure Site
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
17.99% - 24.99% Variable
$0 Intro for the First Year, then $95

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