Travel rewards credit cards may offer cardholders benefits such as frequent flyer miles, as well as discounts on hotels or redeemable rewards points when the card is used for travel or other spending. Often, they come with hefty signup bonuses as well.
Take, for instance, Discover it® Miles, the 2017 CardRatings Editor's Choice pick for Best No Annual Fee Travel Rewards Card. With Discover it® Miles, cardholders earn 1.5 miles for every $1 spent, but at the end of your first year Discover will MATCH all the rewards you've earned. That effectively means you'll earn 3 miles for every $1 you spend during your first year – that's a lot of earning power! Since you don't have to worry about categories or spending caps, that earning rate puts Discover it® Miles in a league of its own, even when compared to cards with hefty annual fees. And, thanks to an increasing number of partnerships, Discover now reports it is accepted in more than 180 countries worldwide at more than 31 million merchants.