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Hotels and car rentals can be a significant expense for frequent travelers, but with the right credit card, there’s a way to effectively earn 10% back in rewards on these purchases. And depending on how you redeem your rewards, you could get a return of 15% or even more if you’re savvy.
The Chase Sapphire Reserve® earns 10x points on hotel and car rental bookings made through the Chase Ultimate Rewards travel portal (after earning the card’s annual $300 travel credit). Similarly, the new Capital One Venture X Rewards Credit Card offers 10x miles in the same categories when you book through the Capital One travel portal.
Read more: Capital One Venture X vs Chase Sapphire Reserve: Which premium rewards credit card is best for you?
You can convert rewards from each of these programs into more hotel stays, car rentals, and even airfare — and reduce your out-of-pocket travel costs that way. However, there are a few caveats to booking your travel through these portals, so this method isn’t for everyone.
Here’s how to earn big rewards on your hotel and rental car bookings with the Chase Sapphire Reserve® and Capital One Venture X Rewards Credit Card.
We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.
How to earn 10x rewards on hotels and rental cars with the right credit cards
Both the Chase Sapphire Reserve® and Capital One Venture X Rewards Credit Card earn 10x rewards when you book hotel stays and car rentals through each bank’s respective travel portal, but your redemption options and rate of return differ slightly with each card.
Each of the cards offers a substantial welcome bonus for new applicants:
- Chase Sapphire Reserve®: 50,000 points after you spend $4,000 on purchases in the first three months of account opening
- Capital One Venture X Rewards Credit Card: 100,000 bonus miles when you spend $10,000 on purchases in the first 6 months from account opening, plus up to $200 in statement credits for vacation rental purchases in …….