![]() ![]() For sake of illustration, we’ll assume that 50% of the “other travel” category is spent on rental car bookings. Our data indicates this average spending might include $2,015 on hotels, $2,443 on airline charges, $1,586 on other travel, $2,479 on gas and $3,856 on dining. The 70th percentile of wage-earning households bring in $116,000 annually and we base spending on that number.įorbes Advisor estimates that the household has $36,177 in expenses that can be reasonably charged to a credit card. Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. To determine the rewards potential of the Credit One Bank Wander® Card, we have to consider what an American household might spend on a credit card each year. Other redemption values may vary and may be calculated at redemption as they’re subject to change. Statement credit redemptions do not count as payments of any kind and may not be substituted for a minimum payment requirement. When redeemed for cash back in the form of a statement credit, points are worth $0.01 each, meaning a 1,000 point redemption is worth a $10 statement credit. Redemption by statement credit must be done in increments of 1,000 points. Reward points earned with the Credit One Bank Wander® Card may be redeemed for cash back in the form of a statement credit, merchandise, gift cards or on travel. The Credit One Bank Wander® Card includes a welcome bonus: 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days which can be redeemed for a $100 statement credit, gift cards, or travel. Hotels and rental cars booked as a package only earn 5 points per dollar, instead of the higher rate. There are no limits to what you can earn. Points are forfeited 30 days after closure of an account. Reward points do not expire as long as the account remains open and in good standing. The Credit One Bank Wander® Card earns 10 points per dollar on eligible hotels and car rentals booked through the Credit One Bank travel partner, 5 points per dollar on eligible travel, dining and gas and 1 point per dollar on all other purchases. Many cards offering excellent reward rates limit offerings to those with good or better credit, so for some the $95 annual fee may be worth paying to unlock early access to better rewards on the journey toward building or rebuilding better credit.įor those with subprime credit, we advise taking care not to be fooled by big rewards: If a cardholder isn’t ready to practice responsible spending habits-including paying bills on time, every time-the interest charges associated with carrying a balance will wipe out any rewards. One strong advantage of this card is its advertised minimum credit rating of average. And those who plan to wander off and forget about due dates or paying in full on-time should stay put, as the card’s 28.99% variable APR on purchases will make carrying a balance costly. Wanderlust-worthy? Perhaps, but there’s at least one major catch. Other redemption options exist, though rates may vary. Rewards can be redeemed as statement credits at a rate of $0.01 per point. ![]() The card offers a welcome bonus too of 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days which can be redeemed for a $100 statement credit, gift cards, or travel. ![]()
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