Priceline Rewards Credit Card Review


Do you like to travel? Are you a big fan of Priceline?

If so, do you use the online travel service to book flights and hotels often?

Well, if you do, the Priceline Rewards Visa might be just the credit card for you.

What’s Under the Hood?

First and foremost, the Priceline Rewards Visa offers 0% introductory APR on both purchases and balance transfers for the first 12 billing cycles.  After that, the purchase APR will rise to either 14.99% or 21.99%, based on your creditworthiness.

The balance transfer APR will also rise to the same rate as the purchase rate after the initial 12 months are up, so be careful when carrying a large balance.  Also note that there is a 4% balance transfer fee, slightly above the industry average of 3%.

Because of the limited promotional APR, the Priceline credit card is probably best reserved for those who can actually pay off their credit cards in full each month.

If you do carry a balance, you may want to look at a pure 0% APR or low interest rate credit card instead. They’ll be able to save you money on costly finance charges for a longer period of time.

Moving along – despite the lack of lengthy 0% APR period, the Priceline credit card carries NO annual fee.

This differs from many travel rewards credit cards, which require you to pay something to take advantage of their rewards program.

However, it does carry a 3% foreign transaction fee when traveling abroad, which is clearly a letdown for a travel rewards card.

Is the Priceline Credit Card a Travel Rewards Card?

But wait, the Priceline credit card isn’t really a travel rewards credit card. Why?

Because you can use your earned rewards for anything, from cash (statement credit) to gift cards to hotel stays, airline tickets, or anything else you can purchase on your card.

This freedom of point use means you won’t be bound to use rewards on travel if you don’t want to. Instead, you can pay for whatever you want on the card, and then redeem the points as statement credits.

For the record, you earn one point for every dollar spent using the Priceline Rewards Visa, and five points for every dollar spent on purchases.

This is where it’s a big winner for Priceline users. Let’s face it – Priceline purchases are usually pretty large, seeing that they’re for big-ticket items like hotel stays, airfare, and so forth.

So if you’re getting 5X points on such purchases, you’ll rack up points in a hurry.

Note: Cruise bookings, non-Name Your Own Price® car reservations, and hotel reservations designated as Pay When You Stay are not eligible for 5X rewards.

Earn up to 10,000 Bonus Points Easily

Additionally, you can earn 5,000 bonus points simply for using your Priceline credit card, and another 5,000 if you spend $1,000 within 90 days of your account being opened.

In other words, it should be pretty easy to snag 10,000 bonus points.

10,000 points = $100 statement credit

Assuming you do, that’s $100 worth of points right from the get-go, not including the non-bonus points earned on the $1,000 in purchases.

If the purchases are mainly from Priceline, you’ll be looking at even more cash back.

Points may be redeemed at a minimum amount of $25. They expire four years from the date of issuance, which shouldn’t be a problem because they should be used as statement credits, so there’s no need to wait.

But understand that you must make at least one purchase with your Priceline credit card once every six months (or have some type of account balance) to remain in the rewards program.

Great Offer for Priceline Users

All in all, the Priceline Rewards Visa is a great option for those who already use Priceline frequently.

There’s no annual fee, so if you can earn five times the rewards at no cost for the purchases you already make, it makes a lot of sense. It’ll make you a lot of cents too.

But if you don’t use Priceline, you’re better off going with another cash back credit card that offers higher cash back tiers in multiple categories.

(photo: JD Hancock)

Author: Colin Robertson

Colin created this blog after spending several years in a job that required him to scour credit reports on a daily basis. His goal is to help individuals better understand their credit and get the most out of credit cards.

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