Tuesday, February 7, 2023

Is The Amtrak Credit Card Worth It

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Capital One Venture Rewards Credit Card

Amtrak Guest Rewards Credit Card Review | Travel By Train For Cheap
  • Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel
  • 2x miles per dollar on every purchase
  • $95 annual fee
  • No foreign transaction fees

Editors take: We love the Capital One Venture Rewards Credit Card because of its flexibility. Earn an unlimited 2x miles on every purchase, then use redeem your miles for statement credits towards travel purchases made in the past 90 days, or for non-travel purchases at half value. Youll be able to use your rewards whether youre booking a train ticket or taking a taxi to the station, and youll continue to earn miles on every snack or souvenir you buy along the way. Frequent flyers will also appreciate the Capital One Venture Rewards up to $100 credit for Global Entry or TSA PreCheck.

So How Much Is The Amtrak Guest Rewards World Mastercard Worth

The value of this card will vary depending on how often youll be riding trains, but you could save more than $1,000 thanks to perks and rewards in the first year of card membership.

A single cross-country trip could not only earn you enough rewards to cover your annual fee, but youd also get more value out of rewards and perks than what youre required to spend to earn the sign-up bonus! You cant say that about too many credit cards.

Bum Deal On The Earning Side

I dont buy Amtrak tickets, so I could really care less about the earning side. But apparently its not great. I guess you end up with about a 6% rebate, which isnt so compelling. Maybe Amtrak is trying to control the amount of points in circulation?

You can read more about the earning side on View From The Wing.

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How To Apply For The Card

  • Go to Bank of Americas Amtrak Guest Rewards® World Mastercard® site and click Apply Now.
  • Complete the application with your personal and financial information. Click Review your information.
  • Confirm that the information is correct and submit your application.
    • See screenshots of the application form

    How long will it take to be approved?

    Because conditional approval is automated on Bank of Americas website, youll often get a decision immediately. In some cases, youll need to wait a few days to a few weeks to receive a response.

    Why You Can Trust Bankrate

    Is the New Amtrak Credit Card Right for You?

    At Bankrate, we have a mission to demystify the credit cards industry regardless or where you are in your journey and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to:

    • Meet you wherever you are in your credit card journey to guide your information search and help you understand your options.
    • Consistently provide up-to-date, reliable market information so you’re well-equipped to make confident decisions.
    • Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you.

    At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next.

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    Adding More Membership Rewards Cards

    If youre a fan of the American Express Membership Rewards ecosystem, then adding more Membership Rewards cards to your wallet is a no-brainer.

    Take the Amex Gold card for example, which earns 4x Membership Reward points per $1 spend at U.S. restaurants and at U.S. supermarkets. With this 2-card combo, youll be earning tons of points for all your airfare, dining, and supermarket purchases.

    There are plenty of other personal and business American Express cards, too, with varying bonus categories.

    Hot Tip: If youre looking for even more ways to earn more Membership Rewards points for your next redemption, check out our comprehensive guide on the best ways to earn Membership Rewards points.

    What Are Amtrak Guest Rewards Points Worth

    One of the best parts about the Amtrak Guest Rewards® World MasterCard® is the high value of Amtraks points. On average, we found the value of a single Amtrak Guest Rewards point to be roughly worth $0.02 worth about twice as much as the average rewards program currency.

    The table below shows some sample one-way coach tickets:

    Average: 0.02

    The value of your points will differ based on the redemption option. Even better, if you use points to pay for Amtrak travel, youll receive 5% of those points as a rebate boosting the value of your points.

    You can also transfer your Amtrak rewards points to a few other programs, though this will usually devalue your rewards.

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    Full Review Of Amtrak Guest Rewards World Mastercard

    • Higher reward rate on travel purchases

    • Get 20,000 bonus points after you make $1,000 or more in 90 days

    • 5% Amtrak travel rebate

    • Rebate limited to Amtrak travel

    • Few other travel benefits

    • Higher Reward Rate on Travel Purchases: With the Amtrak Guest Rewards World Mastercard, you’ll earn:
    • 3 points per $1 spent on Amtrak travel, including onboard purchases
    • 2 points per $1 on qualifying travel purchases
    • 1 point per $1 on all other purchases

    If you travel often and you prefer to take the train instead of a plane, this cards rewards rate is fairly high.

    • Limited time 20,000-Point Bonus: If you spend $1,000 or more on purchases within the first 90 days of opening an account, youll get a 20,000-point bonus. Thats more than enough for a round-trip ticket on most Amtrak routes.
    • 5% Amtrak Travel Rebate: When you redeem your reward points for Amtrak travel, you’ll get a 5% rebate, with the points redeposited into your account. So if you redeemed 1,000 points on an Amtrak ticket, youd get 50 points back.

    Amtrak Guest Rewards World Mastercard Faq

    Credit Card Rewards–How to build wealth with credit cards

    Do you get elite status with the Amtrak Guest Rewards World MasterCard?

    No, you do not get elite status. However, for every $5,000 you spend you can earn 1,000 TQPs up to a total of 4,000 TQPs.

    Do you get lounge access with the Amtrak Guest Rewards World MasterCard?

    You do not get a lounge membership but upon account opening, you will get a complimentary Single-Visit Station Lounge Pass.

    Can you get upgrades with the Amtrak Guest Rewards World MasterCard?

    Yes, every year you will receive one complementary one class upgrade. In addition, you could use the points earned from the welcome bonus for upgrades starting at 10,000 points.

    What is the Amtrak Guest Rewards World MasterCard annual fee?

    The annual fee is $79 and it is not waived.

    Does the Amtrak Guest Rewards World MasterCard have foreign transaction fees?

    No, there are no foreign transaction fees.

    Is Amtrak a transfer partner of Chase Ultimate Rewards?

    No, Amtrak is no longer a transfer partner of Chase Ultimate Rewards.

    Can you downgrade the Amtrak Guest Rewards World MasterCard?

    There is a no annual fee version of this card known as the Amtrak Guest Rewards Platinum MasterCard. This card may be a downgrade option but some people have had issues downgrading to this card so it may not always be possible.

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    The 7 Credit Cards I Use Most

    • Ben Schlappig

    I have over two dozen credit cards, though I hold onto these cards for a variety of reasons. I have some of these cards because they help me maximize my everyday spending, while I have other cards because of the ongoing perks that they offer.

    In this post:

  • Bottom line
  • The Bottom Line: 3 And 4 Out Of 5 Stars

    If youre already riding Amtrak somewhat regularly, the no-annual-fee Amtrak Guest Rewards Platinum Mastercard could be earning you points every time. Or, if you ride more than that, the Amtrak Guest Rewards World Mastercard could be the card for you.

    Take a look at your spending habits, and how often you ride the train. Would one of these cards fit easily into your life? If you want the rewards and benefits of the World Mastercard, check your spending to make sure that youll end up using it enough to justify the fee.

    Or, if youre not sure how often youll use it, the Platinum Mastercard can be a safer bet because theres no annual fee to worry about. So, as long as you avoid paying interest by paying off your balance in full each month, the card can be free to use.

    We gave the Amtrak Guest World Mastercard 4 out of 5 Stars because its the best option for Amtrak riders who want to earn points on the train. Youll also be able to earn points on other qualifying travel purchases, and youll get some nice extra benefits as well. But what might be the best benefit, the ClubAcela pass, is only awarded once, not annually.

    We gave the Amtrak Guest Platinum Mastercard 3 out of 5 Stars because its not quite as good as the World Mastercard, offering fewer rewards and lacking the best benefits. But it has no annual fee, so its not a very bad offer.

    Want to apply for or learn more about one of these cards? Just click the cards name below.

    securely on the issuer’s website

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    Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list ofour partnersandhere’s how we make money.

    Is The Card For You

    Amtrak Doubles World Mastercard Signup Bonus for Limited ...

    If you are a frequent Amtrak commuter, consider having one of the Amtrak credit cards in your wallet. If you spend north of $1,600 on fares annually, the World Mastercard will be the better card for you, as the additional earnings on Amtrak spending from the World Mastercard will cover the annual fee. If you spend less than that, or are unsure of your Amtrak travel plans, consider the Platinum Mastercard.

    For occasional Amtrak travelers, this card offers limited value, as its earnings outside of Amtrak purchases are not very strong. Most cardholders will be better served by a card that earns flexible points on travel and other categories, like the Citi Premier Card.

    To view rates and fees for Blue Cash Preferred® Card from American Express please visit this page.

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    Redeem Points For Non

    Amtrak also gives you the option to redeem your points for other travel experiences, such as hotels, rental cars and cruises.

    A $100 gift card to Barnes and Noble, Disney or Nike will set you back 10,000 to 12,000 points. That means Amtrak is valuing your points at 0.83 to 1 cent apiece for these redemptions, which is sub-par. Youll get roughly the same rate if you opt for dining or entertainment gift cards instead . All of the $50 denomination cards cost 6,000 points.

    Amtrak Guest Rewards Mastercard

    Ratings and reviews are voluntarily submitted by credit card customers who have completed a customer feedback survey and are screened against moderation standards prior to publication. Ratings and reviews presented should not be interpreted as the opinions of all customers and are shared for informational purposes only. Amtrak and Bank of America make no guarantees about the accuracy and/or completeness of such reviews and assumes no liability for any actions taken in reliance upon such customer reviews. The numerical and visual star rating represents the average total number of accepted reviews based on a five star rating scale. Featured reviews are selected based on subjective criteria for marketing purposes. Amtrak and Bank of America reserve the right to remove published reviews at any time and at its discretion.

    Reviews were selected from all submitted reviews, as of 5/23/2018

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    Do The Math: How To Get The Most Out Of The Amtrak Guest Rewards World Mastercard

    The way weve calculated redemption possibilities, Amtrak points can be worth up to 3 cents apiece. Heres how we figure it.

    We divided the price you would pay in dollars for an Amtrak ticket by the number of points required to redeem, which gives us the value per point for that ticket.

    So the cost of a ticket, say from New York to L.A. divided by the total points needed to redeem for that same ticket . That gives us about 0.029, or a value of 2.9 cents per point.

    Bottom Line: Is The Amtrak Guest Rewards World Mastercard Right For You

    Reviewing The Alaska Airlines Credit Card – Is It Worth It?

    These days, we tend to fly or drive when we take a vacation.

    But if you see the train ride as part of the journey and dont mind taking the slow, scenic route, you might want to consider the Amtrak Guest Rewards® World Mastercard®. It can also be a great option for commuters who ride the train to work every day.

    Youll not only save money by earning free rewards rides you might also be more comfortable than on a plane or behind the wheel.

    About the author:

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    Amtrak Guest Rewards World Mastercard Bonus

    When you apply for the card and are approved, youll get 20,000 points if you spend $1,000 within the first 90 days of opening the account.

    Depending on how you redeem those points, that bonus can be lucrative. For example, 17,733 points would get you a superliner roomette, which accommodates one or two passengers, from Chicago to Austin, that would otherwise cost $514.

    Or, you could redeem all 20,000 points for $200 worth of gift cards to various restaurants and retailers.

    Who Is This Credit Card Best For

    • Flies regularly and likes finding ways to score even more travelfor free See more cardsJet Setter
    • Diligently searches for the best products and delights in a good bargain See more cardsDeal Seeker
    • Hits the road often, whether for work or play See more cardsRoad Warrior
    • Loves to explore places and experience new things See more cardsAdventure Seeker

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    Experimenting With The Veterans Advantage Card

    To read the latest on the Veterans Advantage Card, please go here.

    I have to admit that I am one of those guys who follows the old rule if it sounds too good to be true, it probably is. So when I came across the Veterans Advantage Card on the Deals & Offers tab on the new United.com website I was skeptical. The main draw was a 5% discount on all United flights, but there were a host of other discounts including pretty much every rental car company, AMTRAK, Greyhound, and a bunch of stores. The catch was that to join you needed to pay $60 plus a $4.95 handling fee. Hmmm. Lets do the math, hey Im an engineer, I like math. So to recoup $64.95, I divide it by 0.05 and get $1299. I would need to buy $1299 worth of United tickets to make this worthwhile. I probably spend about $3000 on United per year, so that part works out.

    I decided to investigate more. The UA website link brings up a page giving some details of the program and touting the ability to get a free 30-day membership, but it didnt really provide the detail I want before making a committment. Going to the www.veteransadvantage.com website gave me the answers that I needed. It lists the many programs involved, plus if you go to the Plan Options tab and then the Special Offers tab on the left side you will find two mutually exclusive options. One allows you to get a 15% discount on the membership price and the other gives you a free companion ticket.

    Dont Let Your Points Go To Waste

    Bank of America Amtrak, Alaska Airlines Biz &  Barclays ...

    The Amtrak Guest Rewards® World Mastercard® credit card might be great for someone like my former college roommate. Instead of flying to school, he took the train all the way from Chicago to Washington, D.C. Ive never met anyone who loved riding trains as much as he does.

    It sounds fun, but when push comes to shove, many of us fly or drive, derailing the main advantage of the Amtrak Guest Rewards® World Mastercard® getting free train tickets.

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    How To Choose The Best Credit Card For Amtrak

    When choosing which credit card to use for an Amtrak purchase, you’ll likely want to focus on a card that rewards you for transportation or travel spending. Train tickets are typically classified by credit card issuers as travel spending and your ticket purchase will account for the bulk of your Amtrak-related expenditure.

    That said, you can get even more bang for your buck if the card you choose provides bonus points for spending on dining, in addition to travel. This can help you maximize the points you earn if you eat on the train and your food purchase is categorized as restaurant spending.

    But it’s not just the chance to earn bonus credit card rewards that makes a particular card a good choice for Amtrak. You also want to look at the cardholder perks. These perks can include free companion tickets, travel rebates for Amtrak spending, and other Amtrak-specific benefits. Cards that offer special perks are more common for airline travel, but there are options for those who prefer to ride the rails.

    As you read our recommendations for the best for Amtrak below, it will help to think about how the card will fit with your broader lifestyle as well. If you’re a regular commuter, you take the train every day, and you spend a fortune with Amtrak, then it makes a lot of sense to get an Amtrak-focused card. But if Amtrak is just one of many means of transportation you use, a broader general purpose travel card may be a better bet.

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