Credit One Bank has issued a new travel rewards card with perks that specifically reward users when they choose experience-related travel.
The new card rewards users with up to five times more points when they spend money at national parks, recreational parks, museums, and professional sporting arenas, among other venues. The company says the Wander Card is its first travel-focused credit card and gives card members flexible ways to earn and redeem points for meaningful experiences.
"The Wander Card rewards travelers for getting out to explore this country's beautiful destinations and helps cardmembers reap rewards at the planned and impromptu stops and experiences along the way," said David Herpers, senior vice president of product at Credit One Bank.
Herpers says the Wander Card is not a typical travel rewards card. It does not involve miles, loyalty programs, executive lounges, or global escapes. Rather, it targets a different group of travelers -- one that has emerged in force in the wake of the COVID-19 pandemic.
“We are filling an important gap in the market by giving road trippers, stadium tailgaters, amusement park fanatics and everyday adventurers the opportunity to earn more rewards on the things they love," Herpers said.
The card’s perks
The new card’s perks include:
An $80 statement credit for the purchase of a qualifying National Park Pass, valid at more than 2,000 recreation areas across the U.S., if used within the first year.
The chance to earn up to five times more points at recreational parks and amusement parks, including national parks, museums, and professional sporting arenas
The chance to earn up to three times more points at restaurants and lodging, including campgrounds and resorts.
The chance to earn a single point on all other purchases.
The card also offers a discount on Thousand Trails camping passes and a discount on regular-price rides on Maverick Helicopters.
Annual fee
Like many travel rewards cards, the Wander Card carries an annual fee. In this case, the charge is $95. Before applying for the card, consumers should make sure the discounts and perks will add up to cover the yearly cost.
The interest rate isn’t the lowest you’ll find in the industry either. Variable APR for purchases and cash advances is 23.99%, and the minimum interest charge is $1.
Rewards points can be redeemed for statement credits, gift cards, and merchandise across a variety of travel, entertainment, and retail categories. All Credit One Bank card members receive free online access to their Experian credit score, Zero Fraud Liability, and automatic reviews for credit line increases.
Consumers who are considering applying for a travel rewards credit card should check out ConsumerAffairs’ selection of the best cards in that category. Our research contains thousands of verified reviews to help you pick the right card for you.