Pros
- No membership fees
- High rewards rate
- $150 initial rewards bonus
- No foreign fee
Cons
- No intro APR on purchases
- No intro APR on balance transfers
- Requires good/excellent credit
The Verdict: If you’re a loyal United Airlines flyer with excellent credit who likes to splurge on in-flight refreshments, the new United℠ TravelBank Credit Card from Chase could save you a lot of money. The card is most rewarding on United purchases, as you might expect. Airfare, seat upgrades and baggage fees yield the equivalent of 2% cash back, while in-flight drinks and snacks score you a whopping 25% back. But the TravelBank Card’s base earning rate isn’t too shabby, either: 1.5% back on all other purchases.
Plus, there are no annual or foreign-transaction fees to worry about. And spending $1,000+ within three months of account opening will earn you a $150 bonus.
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But there are a few potential downsides that you should be aware of before submitting your United TravelBank Card application. For starters, you should only use this card to make purchases that you can pay for in full by the end of the month. There’s no 0% intro rate, and a regular APR that could be as high as 22.99% (V) will gradually eat away at your rewards if you carry a balance. In addition, the United℠ TravelBank Credit Card doesn’t actually offer cash back. You earn rewards in terms of dollars, yes. But you can only redeem those earnings through United. So it’s not really the same thing as cash back.
Finally, the United℠ TravelBank Credit Card has a lot of really strong competition. So despite offering clearly generous, whether it’s worthy of being mentioned alongside the best travel credit cards on the market remains to be seen. Below, you can get the rest of WalletHub’s take on the offer and check out how it compares to other popular rewards cards.
United℠ TravelBank Credit Card
Regular APR
15.99% - 22.99% (V)
Annual Fee
$0
Rewards Rate
- Get $150 in TravelBank cash after you spend $1,000 on purchases in the first 3 months your account is open.
- Earn 2% in TravelBank cash per $1 spent on airline tickets purchased from United.
- Earn 1.5% in TravelBank cash per $1 spent on all other purchases.
- Enjoy 25% back as a statement credit on purchases of food, beverages and Wi-Fi onboard United-operated flights, when you pay with your United TravelBank Card.
- TravelBank cash is easy to use. $1 in TravelBank cash = $1 when used toward the purchase of a United ticket.
- Your TravelBank cash accumulates in your United TravelBank account on United.com. There's no limit to how much TravelBank cash you can earn.
1.5 - 2% Cash Back
Bonus Offer
$150
Credit Score
Good
Rewards Details
- Get $150 in TravelBank cash after you spend $1,000 on purchases in the first 3 months your account is open.
- Earn 2% in TravelBank cash per $1 spent on airline tickets purchased from United.
- Earn 1.5% in TravelBank cash per $1 spent on all other purchases.
- Enjoy 25% back as a statement credit on purchases of food, beverages and Wi-Fi onboard United-operated flights, when you pay with your United TravelBank Card.
- TravelBank cash is easy to use. $1 in TravelBank cash = $1 when used toward the purchase of a United ticket.
- Your TravelBank cash accumulates in your United TravelBank account on United.com. There's no limit to how much TravelBank cash you can earn.
Additional Info
- Travel & Purchase Protection Benefits: Auto Rental Collision Damage Waiver, Trip Cancellation/Trip Interruption Insurance, Price Protection and Purchase Protection.
- There are two versions of this card, a Signature or Platinum account with different costs and/or benefits. All details expressed here are for the Signature account.
- If approved for a Signature account, your credit access line will be at least $5000. If approved for a Platinum account, your credit limit will be at least $1000.
- More Details & Reviews About United℠ TravelBank Credit Card
The Highlights
- 2% to 25% Back on United Purchases: High airfare costs won’t hurt as much when you know that 2% of what you spend can be used to help pay for your next flight. Furthermore, whether you need a cocktail to calm your nerves or you actually enjoy airplane food, you’ll certainly appreciate the permanent 25%-off sale that the TravelBank Card provides. Just bear in mind that you won’t benefit if you fly first class, as food and drinks will already be free.
- Above-Average Everyday Rewards: You will earn 1.5% back on all non-United purchases. For context, the average cash rewards card offers 1.17% back across purchases, according to WalletHub’s latest Credit Card Landscape Report. In other words, even when you’re not earning at the TravelBank Card’s max rate, you’re still getting nearly 50% more than average.
- $150 Initial Bonus: Why not get paid extra for money that you’re going to spend anyway? That’s the idea here, as you only need to shell out $1,000 during the first three months your account is open to nab a $150 bonus. That’s enough for at least a one-way flight in many cases.
- No Annual or Foreign Fees: The average credit card charges a $26.75 annual fee and a 1.58% foreign-transaction fee, according to WalletHub research. So the United TravelBank Card is ahead of the game in both respects. With that being said, it is far from the only rewards card with neither type of fee.
The Lowlights
- Bad for Carrying a Balance: The United TravelBank Credit Card was not built to be a great financing vehicle. And you can’t really hold that against it, as long as you know what you’re getting into. There are no 0% intro rates, either for new purchases or balance transfers. And the card’s regular APR could be anywhere from 15.99% to 22.99% (V), depending on your overall creditworthiness.Neither end of that range is very good, considering that the average credit card for excellent credit charges 17.68%, while the average cards for people with good and fair credit charge 23.93% and 27.48%, respectively. So if you need to finance a big-ticket purchase or reduce the cost of existing debt, find a 0% credit card. The United TravelBank Card is not the right choice for such transactions.
- Redemption Limitations: You can redeem as little as $1 in TravelBank cash. That’s the good news. The bad news is it seems like you can’t redeem for anything but United Airlines travel. So if you want rewards flexibility, this isn’t the card for you. Instead, a traditional cash back credit card would be the way to go.
Other Things To Consider
- Couple Types of Travel Insurance: The United Travel Bank Credit Card offers both rental car insurance and trip interruption/cancellation insurance. In short, these policies cover you for damage to a rental vehicle and certain costs associated with missing a trip due to illness or emergency. Chase’s rental car insurance ranks second among major card issuers. And Chase cards dominate the list of the best credit cards with travel insurance.
- Exclusive Experiences: If you have multiple Chase credit cards, you can transfer your rewards points between them at no cost. You’ll want to transfer them to your Sapphire Reserve account, not from it, though.
Compared To The Competition
The United TravelBank Credit Card from Chase is one of many attractive rewards credit cards capable of saving you money on air travel. The following comparison should help you determine whether it’s the best one for your needs.
| WINNER | ||||
|---|---|---|---|---|
annual fee$0 | annual fee$795 | annual fee$0 | annual fee$95 | annual fee$0 intro 1st yr, $150 after |
rewards rate
| rewards rate
| rewards rate
| rewards rate
| rewards rate
|
bonus offer $150 | bonus offer Earn 125,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening. | bonus offer Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back. | bonus offer Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. | bonus offer Earn 60,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open. |
Purchase Intro APRN/A | Purchase Intro APRN/A | Purchase Intro APRN/A | Purchase Intro APRN/A | Purchase Intro APRN/A |
transfer intro aprN/A | transfer intro aprN/A | transfer intro apr0% for 18 months Transfer Fee: 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer | transfer intro aprN/A | transfer intro aprN/A |
Regular APR15.99% - 22.99% (V) | Regular APR20.24% - 28.74% (V) | Regular APR17.99% - 27.99% (V) | Regular APR19.99% - 28.24% (V) | Regular APR20.49% - 28.99% (V) |
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*Earnings are based on the $28,523 in purchases that the average person can pay for with a credit card each year, according to data from the Bureau of Labor Statistics.
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