Best Credit Cards with Annual Travel Statement Credits

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Premium travel reward credit cards offer a host of perks, from complimentary lounge access to hotel benefits.

One type of perk they offer is an annual travel statement credit. This applies to purchases that code as travel, although card issuers are free to define what counts as travel. Similarly, this type of credit is sometimes exclusively applied to travel purchased via the card issuer’s own online travel portal.

Many premium cards also offer travel-related statement credits, such as TSA PreCheck® and Global Entry statement credits, as well as CLEAR® Plus membership statement credits for accelerated security processes in airports.

Let’s look at the top cards that offer annual travel statement credits, as well as travel-related statement credits.

Best Cards with Annual Travel Statement Credits

Card	Annual fee	Travel statement credit
U.S. Bank Altitude® Reserve Visa Infinite® Card	$400	$325 in annual credits for eligible travel purchases and dining, takeout and restaurant delivery purchases
The Platinum Card® from American Express (see rates and fees)	$695	Up to $200 airline incidental fee credit Up to $200 hotel credit on prepaid Fine Hotels + Resorts or The Hotel Collection (a minimum two-night stay is required) bookings through American Express Travel
Chase Sapphire Reserve®	$550	$300 annual travel statement credit
Capital One Venture X Rewards Credit Card	$395	$300 annual statement credit when booking travel through Capital One Travel
Bank of America® Premium Rewards® credit card	$95	$100 statement credit for qualifying airline incidental costs
Bank of America® Premium Rewards® Elite credit card	$550	$300 annual statement credit for airline incidental fees
The Business Platinum Card® from American Express (see rates and fees)	$695	$200 airline incidental fee credit

U.S. Bank Altitude® Reserve Visa Infinite® Card

The U.S. Bank Altitude Reserve Visa Infinite Card offers an annual statement credit of $325 for eligible travel purchases, as well as dining, takeout and restaurant delivery purchases. Purchases must be made directly with the merchant to qualify.

The credit is applied two to three days after the purchase is made.

Additionally, the card offers a $100 TSA PreCheck® or Global Entry credit every four years.

This generous statement credit helps in justifying the $400 annual fee. If you combine this with other benefits, such as complimentary Priority Pass Select membership, worth $469, then you’ll offset the annual fee by $394.

This card also earns 3X points on mobile wallet spending, an uncommon bonus spending category that makes this card a valuable one to add to your wallet.

Here’s what the U.S. Bank Altitude Reserve Visa Infinite Card offers:

• 5X points on prepaid hotels and car rentals booked through the Altitude Rewards Center
• 3X points on eligible travel purchases and mobile wallet spending on Apple Pay®, Google Pay™ and Samsung Pay
• 1X points on all other eligible purchases
• $325 in annual credits for eligible travel purchases and dining, takeout and restaurant delivery purchases
• No foreign transaction fees
• Complimentary Priority Pass Select membership, giving you eight free annual visits
• Access to benefits of the Visa Infinite® Luxury Hotel Collection
• $100 TSA PreCheck or Global Entry credit, every four years

U.S. Bank points can be redeemed at 1.5 cents per point when you purchase travel via the U.S. Bank online portal. If you choose to redeem points in this way, your bonus category spending rates effectively jump to 7.5X points on prepaid hotels and car rentals booked through the Altitude Rewards Center, 4.5X points on eligible travel and mobile wallet purchases, and 1.5X points on everything else.

The only drawback of U.S. Bank points is that you’re unable to transfer them to transfer partners such as airlines and hotels. 

The Platinum Card® from American Express

The Platinum Card® from American Express offers up to $200 airline incidental fee annual statement credit, as well as up to $200 hotel credit (paid in statement credits) on prepaid Fine Hotels and Resorts or The Hotel Collection bookings through American Express Travel (a minimum two-night stay is required).

The card also offers a $100 statement credit every four years for a Global Entry application fee or a statement credit of up to $85 every 4.5 years for a TSA PreCheck application fee (when applying through a TSA official enrollment provider), when charged to your Platinum card.

To be eligible for the airline incidental credit, the primary cardholder or authorized user must select a qualifying airline via their American Express online account before paying the charges. Any incidental fees paid before the qualifying airline is selected won’t be reimbursed. Currently, the following airlines qualify for statement credits:

• Alaska Airlines
• American Airlines
• Delta Airlines
• Hawaiian Airlines
• JetBlue Airways
• Spirit Airlines
• Southwest Airlines
• United Airlines

The credit reimbursement can take between six to eight weeks to appear in your account.

For the $200 hotel statement credit on prepaid Fine Hotels and Resorts or The Hotel Collection booked through American Express Travel, you should expect the credit to appear within two to three days. That being said, reimbursement can take up to 90 days in some cases.

These two statement credits alone cut $400 off the annual fee of $695 (see rates and fees). Additionally, the Platinum card comes with an extra $1,029 worth of statement credits, putting you far ahead of the annual fee.

Here’s a summary of the Platinum card’s benefits:

• 5X points on eligible flights booked with American Express Travel or directly with the airline, on up to $500,000 in charges per calendar year
• 5X points on eligible prepaid hotel reservations when booked with American Express Travel
• Up to $200 hotel credit on prepaid Fine Hotels + Resorts or The Hotel Collection (a minimum two-night stay is required) bookings through American Express Travel, given in statement credit 
• Up to $240 digital entertainment credit, issued in $20 monthly statement credits for eligible purchases on Disney+, The Disney Bundle, ESPN+, Hulu, Peacock and the New York Times (enrollment required)
• Up to $300 Equinox credit
• Up to $189 per year in statement credits toward a Clear® Plus membership
• Up to $200 airline incidental fee credit
• Up to $200 Uber Cash, issued in increments of $15 per month statement credit with a bonus of $20 in December
• Receive either a $100 statement credit every four years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® application fee
• Complimentary premium status for numerous car rental companies (enrollment required)
• Access to the American Express Global Lounge Collection, consisting of 1,400+ lounges across 140 countries (including Airspace Lounge, The Centurion Lounge, Delta Sky Club, Escape Lounges, Lufthansa Business and Senator Lounges, Plaza Premium and Priority Pass Select)
• No foreign transaction fees
• Access to the American Express International Airline Program (for discounted airfares)
• Access to the Fine Hotels and Resort Collection for bookings made through American Express Travel
• Marriott Bonvoy Gold and Hilton Honors Gold elite status (enrollment required)

American Express Membership Rewards are one of the most valuable point currencies you can earn. You can transfer them to a wide variety of hotel and airline partners at a ratio of 1:1, giving you maximum redemption flexibility.

Chase Sapphire Reserve® 

The Chase Sapphire Reserve® offers a generous annual travel statement credit of $300, covering a wide range of travel-related purchases. The card also offers a $100 statement credit for TSA PreCheck® or Global Entry application fees, every four years.

The statement credit will post to your account on the same day your travel category purchase posts to your account. 

This statement credit alone cuts the $550 annual fee by more than half. With Priority Pass Select membership included, you’ll offset the annual fee by $219.

In addition to these benefits, once the annual travel statement credit is used up, you’ll earn 10X points on hotels and car rentals purchased through Chase Ultimate Rewards, as well as 5X points on flights booked through Chase Ultimate Rewards and 3X points on other travel purchases.

Here’s an overview of what the card has to offer:

• 10X points on hotels and car rentals purchased through Chase Trave (after the first $300 is spent on travel purchases annually)
• 5X points on flights booked through Chase Travel (after the first $300 is spent on travel purchases annually)
• 3X points on other travel purchases (after the first $300 is spent on travel purchases annually)
• 10X points on Chase Dining purchases 
• 3X points on other dining at restaurants, including eligible takeout and delivery services
• 1X point on all other purchases
• Points have 50% more value (1.5 cents per point) when redeemed for travel through Chase Ultimate Rewards.
• Get access to special benefits when staying with The Luxury Hotel & Resort Collection.
• Travel and protection coverage
• 24/7 access to a customer service specialist
• No foreign transaction fees
• Complimentary Priority Pass Select membership
• $300 annual travel statement credit
• Up to $100 statement credit toward the Global Entry application fee or TSA PreCheck application fee

With the Chase Sapphire Reserve card, you can redeem your points for 50% more value when you spend them on travel via Chase Ultimate Rewards. Chase also has a range of transfer partners, giving you maximum redemption flexibility.

Capital One Venture X Rewards Credit Card

The Capital One Venture X Rewards credit card offers a $300 annual statement credit when booking travel through Capital One Travel.

This card also comes with a complimentary Priority Pass, and Capital One Lounges and Plaza Premium Group access. All of these perks, in addition to the annual travel statement credit, quickly offset the $395 annual fee.

The Venture X Rewards card offers the following perks and bonus category earning rates:

• Complimentary access for you, your authorized users and up to two guests for Priority Pass, Capital One Lounges and Plaza Premium Group (enrollment required)
• Transfer your Venture X miles to more than 15 travel loyalty programs
• 10X miles on rental cars and hotels when booked through Capital One Travel
• 5X miles on flights booked through Capital One Travel
• 2X miles on all other purchases
• Enjoy cardholder benefits, from experience credit to room upgrades, when staying with the Premier or Lifestyle Collections 
• Up to $300 annual statement credit when booking travel through Capital One Travel
• No foreign transaction fees
• Receive 10,000 bonus miles every year on your account anniversary

With a wide range of transfer partners, the Capital One Venture X Rewards card offers premium travel perks and bonus category earning rates for a relatively lower annual fee compared to other premium cards.

Bank of America® Premium Rewards® Credit Card

The Bank of America Premium Rewards credit card offers an annual $100 statement credit toward qualifying airline incidental costs. These include costs such as seat upgrades, baggage fees, in-flight services and airline lounge fees.

This card also offers a $100 statement credit for TSA PreCheck or Global Entry application fees, every four years.

The annual fee of $95 is easily offset by the $100 annual travel statement credit alone.

The Premium Rewards card offers the following perks and earning rates:

• 2X points on travel purchases
• 2X points on dining purchases
• 1.5X points on all other eligible purchases
• $100 statement credit for qualifying airline incidental costs
• $100 statement credit for TSA PreCheck or Global Entry application fees, every four years
• Earn 25% to 75% more points on every purchase, as a Preferred Rewards member, depending on your tier
• No foreign transaction fees
• Point redemption flexibility: redeem for cash back in your Bank of America® checking or savings accounts, as a statement credit to your balance, for credit to eligible Merrill® accounts such as 529 accounts or for purchases and gift cards at the Bank of America Travel Center
• Travel and purchase protections
• Access to Visa Signature® Luxury Hotel Collection benefits

The unique part of this card is the Preferred Rewards program, which enables members to earn between 25% to 75% more points per purchase.

To become a Preferred Rewards member, you’ll need to open a Bank of America checking account, as well as have a three-month average combined balance of $20,000 across your Bank of America deposit and/or Merrill investment accounts.

If you can manage this, you’ll accelerate your point earning on travel, dining and other eligible purchases.  

Bank of America® Premium Rewards® Elite Credit Card

The Bank of America Premium Rewards Elite credit card offers a generous $300 annual travel statement credit, as well as a $100 statement credit for Global Entry or TSA PreCheck application fees, every four years.

The Premium Rewards Elite card offers the following:

• 2X points on travel purchases
• 2X points of dining purchases
• 1.5X points on all other purchases
• Earn 25% to 75% more points per purchase as a Preferred Rewards member
• Save 20% on domestic or international flight tickets for any class when you pay with points
• Four complimentary Priority Pass Select memberships
• Complimentary 24/7 Full-Service Concierge
• $300 annual statement credit for airline incidental fees
• $150 annual statement credit for lifestyle conveniences, such as video streaming services, food delivery, fitness subscriptions and rideshare services
• $100 in statement credit for Global Entry or TSA PreCheck application fees, every four years
• No foreign transaction fees

The combined value of statement credits equals the $550 annual fee. If you add complimentary Priority Pass Select membership to the equation, then you offset the annual fee by a longshot.

As with the Premium Rewards card from Bank of America, becoming a Preferred Rewards member allows you to increase your point earning by between 25% to 75%.

The Business Platinum Card® from American Express

The Business Platinum Card® from American Express offers up to $200 statement credit on airline incidental fees. In addition, it offers either a $100 statement credit every four years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck application fee (when applying through a TSA official enrollment provider), when charged to your Business Platinum card.

This card has a wide range of perks and offerings for business-related purchases:

• 5X points on flights and prepaid hotels booked through AmexTravel.com
• 1.5X points on eligible purchases in business categories, as well as on eligible purchases of $5K or more
• 1X point on all other purchases
• Up to $400 statement credit for Dell Technologies purchases, issued in semi-annual $200 statement credits (enrollment required)
• Up to $360 statement credit for purchases with Indeed, issued in $90 quarterly credits (enrollment required)
• Up to $150 statement credit on select business purchases from Adobe Creative Solutions (enrollment required)
• Up to $120 statement credit on U.S. wireless phone purchases, issued in $10 monthly increments (enrollment required)
• Access to the American Express Global Lounge Collection (1,400+ lounges, enrollment required)
• Up to $200 airline incidental fee credit
• $189 CLEAR Plus membership fee credit
• Get 35% points back after you use the Pay With Points feature for all or part of a flight booked with American Express
• Receive either a $100 statement credit every four years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck application fee
• Marriott Bonvoy Gold Elite Status (enrollment required)
• Hilton Honors Gold Status (enrollment required)
• Benefits with the Fine Hotels + Resorts program

The total value of statement credits amounts to $1,519, making the annual fee of $695 (see rates and fees) look rather small. However, even the $200 airline incidental fee statement credit plus access to the American Express Global Lounge Collection, if used frequently, will offset the cost of the annual fee on its own.

The Business Platinum card is heavyweight in terms of return value and is a great choice for offsetting the costs of travel- and business-related purchases.