IHG® Rewards Traveler Credit Card

IHG® Rewards Traveler Credit Card Review

This is a card issued by Chase Bank. If you're wondering whether IHG® Rewards Traveler Credit Card is the right card for you, read on.

Key Takeaways

• Signup bonus. Offers a signup bonus of 80000 points after spending $2,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 20.24% up to 27.24%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• 5% Balance transfer fee. IHG® Rewards Traveler Credit Card charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $5.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Good or better credit required. You will have low approval odds if your credit score is below 690.

Pros & Cons of IHG® Rewards Traveler Credit Card

The Good	The Bad
Earn 60,000 Bonus Points after spending $2,000 on purchases in the first 3 months from account opening. Earn IHG® Rewards Club points on every purchase. Up to 15 points total per $1 spent when you stay at IHG® hotels. No annual fee. Identity Theft Protection. No foreign transaction fee. IHG® Rewards Traveler Credit Card reports to multiple credit bureaus.	Higher than average purchase APRs. You need good credit to qualify. Does not offer rewards or cash back. Charges a 5% balance transfer fee. Does not include many credit card benefits.

IHG® Rewards Traveler Credit Card FAQ

Does IHG® Rewards Traveler Credit Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the IHG® Rewards Traveler Credit Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for IHG® Rewards Traveler Credit Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

IHG® Rewards Traveler Credit Card has a variable purchase APR that ranges from 20.24% up to 27.24%. The card has a variable balance transfer APR that ranges from 20.24% up to 27.24%. It also has a variable cash advance APR of 29.24% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for IHG® Rewards Traveler Credit Card?

The following fees apply:

IHG® Rewards Traveler Credit Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does IHG® Rewards Traveler Credit Card report your account activity to credit bureaus?

Yes, IHG® Rewards Traveler Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for IHG® Rewards Traveler Credit Card

• Visit the IHG® Rewards Traveler Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.