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New Travelocity Rewards AmEx card coming

By Ellen Cannon · Bankrate.com
Tuesday, May 18, 2010
Posted: 4 pm ET

Beginning June 1, the Travelocity Rewards American Express card, issued by Barclaycard US, will be open for business.

We've already completed our credit card rewards survey -- which will be published on June 7 -- so this card won't make it. But its features are worth pointing out.

First, it has a $39 annual fee. If a rewards card has an annual fee, you need to figure out if you will earn enough points or cash back to offset that expense. (Watch this video on how to evaluate rewards cards.)

However, if you travel a lot and use Travelocity, this may be a good card. You earn 5 points for every $1 spent at Travelocity, and you can redeem 5,000 points for $50 off a travel booking. Cardholders can also select one category -- restaurants, groceries or gas -- in which they can earn 2 points for every dollar spent, and 1 point for every dollar spent in other categories.

There's also a version with no annual fee being offered that awards 3 points for every dollar spent at Travelocity and 1 point for all other purchases.

To launch the card, Travelocity is giving cardholders 2,500 bonus points upon approval, until they've given away 5 million points total.

To find the best rewards credit card for you, check out Bankrate.com's credit card offers.

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