Ask an Expert: Credit Cards for Newlyweds

What's Hot

Do This or Your iPhone Bill May SkyrocketSave

23 Upgrades Under $50 to Make Your House Look AwesomeAround The House

Trump Worth $10 Billion Less Than If He’d Simply Invested in Index FundsBusiness

11 Places in the World Where You Can Afford to Retire in StyleMore

What You Need to Know for 2017 Obamacare EnrollmentFamily

8 Things Rich People Buy That Make Them Look DumbAround The House

32 of the Highest-Paid American SpeakersMake

Amazon Prime No Longer Pledges Free 2-Day Shipping on All ItemsMore

More Caffeine Means Less Dementia for WomenFamily

9 Tips to Ensure You’ll Have Enough to RetireFamily

30 Awesome Things to Do in RetirementCollege

5 Spots Where Retirees Can Live for Less Than $40,000Real Estate

10 Ways to Reduce Your Homeowner’s Insurance RatesFamily

10 Ways to Pull Together the Down Payment for a HomeCredit & Debt

Chew on This: The Story Behind Your Hershey’s Halloween TreatsBusiness

Jeff is getting married and wants to earn rewards when he pays for his wedding. Which card should he choose?

I review dozens of credit card offers each week to find the best deals. Check out more on our credit card page.

A Money Talks News reader recently wrote to ask me this question…

Hello Jason,

My girlfriend and I recently got engaged and are starting to plan for the wedding. We both agreed opening a joint checking account purely for wedding expenses was a good idea.  This way, we can track exactly how much it cost us in the end, and we will both be able to pay for things if we are not together. Going along with this, though, I thought it would be a good idea to open a credit card with travel rewards to build miles to help with the honeymoon. We can pay off the credit card bill with the newly opened wedding account, and we will always pay off the entire balance every month.

My question is as follows: If we are planning on setting a June 2013 wedding date, with the honeymoon sometime around January 2014, which credit card with travel rewards would you recommend we look into apply for?


What should Jeff do?

First, it’s important to note all of the good things Jeff and his fiancee are doing.

Opening a new credit card to track wedding expenses is a good idea, especially if they’ll pay it in full every month. And as long as they’re avoiding all interest payments, it definitely makes sense to earn travel rewards.

Finally, they’re planning way in advance – it’s easy to run into trouble trying to use points and miles at the last minute. And since Jeff and his fiancee will take their honeymoon in January, they’ll have a much easier time using their travel rewards than they would over the summer’s peak travel season.

Less clear is the best card for their needs.

Unless they’re traveling nearby – or are spending a lot on their wedding – it’ll be hard to earn enough miles in a short time to send two people on a trip.

For example, it will take 100,000 miles on most airlines to send two people to Europe in coach, and 70,000 to the Caribbean. Since you typically earn 1 mile per dollar spent, that would be a very expensive wedding.

What you two need is a great sign-up bonus to start with the maximum possible number of miles. Right now, the British Airways card from Chase offers the best sign-up bonus: 50,000 points after your first purchase, with up to 50,000 additional points from spending $20,000. That’s enough to get the couple to Europe, the Caribbean, or Hawaii on BA partner American Airlines.

Another option would be to forgo the airline miles altogether and earn rewards directly from the bank. Capital One offers its Venture Rewards card that returns 2 “miles” per dollar spent. Each mile is worth 1 cent as a statement credit toward any travel-related expense such as hotel, airfare, or car rental. With a card like this, you essentially get 2 percent back on all purchases, and you’re not locked into any one airline.

Bottom line: The only thing better than taking a great vacation is traveling for free. And by using the best travel rewards credit card, you can save money on the trip of a lifetime.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 7 Ways to Save More at Big Lots

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,681 more deals!