Fly for Less With Low-Cost Cards

Rewards credit cards can help you save money when you travel.

If airfare increases are keeping your vacation plans from getting off the ground, apply for a travel rewards credit card. Your best bet is one that lets you use points on multiple carriers. And if you're going abroad, a card that also waives the foreign-currency conversion fee is a plus.

Two cards that waive the conversion charge are the no-fee PenFed Premium Travel Rewards American Express card and the new Capital One Venture card. With the PenFed card, you earn five points per dollar spent on airfare, and one point for all other spending. The Venture card comes in two versions: a no-annual-fee card that awards 1.25 miles per dollar spent, and a card with a $59 annual fee (waived the first year) that rewards two miles per dollar spent. With the Venture card, the number of miles required varies with the ticket price you pay.

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Senior Reporter, Kiplinger's Personal Finance