The Right Rewards Card
I'm moving to Turkey for a year. I'd like to cancel my American Express card, with a high annual fee, and get a no-fee card that offers rewards (mainly airline miles) and can be used abroad without charges.
The no-fee Capital One No Hassle Miles Rewards card is a good alternative. Capital One doesn't charge a currency-conversion fee on overseas purchases, nor does it pass on the 1% fee that MasterCard and Visa charge.
You earn 1.25 miles for each dollar you spend, but it might take quite a while to accumulate enough miles for a free trip. Capital One bases the number of miles needed on the price of the ticket. You must accrue 35,000 miles to exchange them for a ticket that costs $150 to $250. Miles don't expire, and there's no limit on the mileage you can earn.
For more help shopping around for a credit card, see our Credit & Money Management page.
Got a question? Ask Kim at firstname.lastname@example.org.