Best credit cards for millennials for October 2021 – Forbes Advisor

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The Chase Sapphire Reserve® is a longtime favorite among credit card holders, and for good reason. Its welcome bonus is top notch, and it comes with a handful of perks that can make frequent travel more comfortable.

Rewards: Cardholders will earn 5 points per dollar on air travel and 10 points per dollar on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $ 300 has been spent on travel purchases every year. Earn 3 points per dollar on other trips and meals and 1 point per dollar spent on all other purchases.

Annual membership fee: $ 550

Bonus Offer: New cardholders can earn 50,000 bonus points after spending $ 4000 on purchases within the first 3 months of opening the account.

Other advantages or disadvantages:

  • Annual travel credit of $ 300 as reimbursement for travel purchases each year
  • Receive a credit on your statement of up to $ 100 every four years as a reimbursement of Global Entry or TSA Pre✓® fees.
  • Free access to airport lounges with Priority Pass Select registration
  • Transfer points at a 1: 1 ratio to any of Chase’s airline and hotel partners including Southwest Airlines, JetBlue, Ritz-Carlton and more.

This card is intended for consumers with excellent credit, but that’s not the only thing to keep in mind: Chase also has a strict eligibility rule, known as the “5/24 rule.” . Under this rule, Chase will not consider applicants who have opened five new credit cards in the past 24 months, regardless of their issuer.

You can read our full review of the Chase Sapphire reserve here.

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