Review: Priceline Credit Card

If you are a frequent user of Priceline for your travel planning and reservations, the Priceline Rewards Visa credit card might make sense for you, but not as your everyday credit card. Our overview / review of the card is below:

The Priceline Visa is a no-annual-fee credit card that offers reward points with every purchase. You can generally think of those points being worth a penny each. You get:

  • 5 points per dollar on purchases at Priceline.com, for essentially a 5% rebate
  • 1 point per dollar on everything else you buy with the card, for essentially a 1% rebate

In addition, you get 5,000 bonus points after you use the card for the first time, worth $50.

The points you earn with this card can be redeemed for statement credit, but it must be to offset travel purchases made with the card in the 120 days.

Now, we said that the points earned with this card are worth essentially a penny per point, but, as you can see, we hedged on that a bit by saying “essentially.” And the reason for that is because when you actually redeem your points for a statement credit, you get a rebate of 10% of the points you redeemed put back into your account. So, if you redeem 5000 points to offset $50 of travel expenses made with the card, you’d get 500 points put back into your account to redeem in the future. Because of this point rebate, you could say that each point you earn with the card is worth 1.1 cents. In our example, 5000 points actually gets you the equivalent of $55 in rewards, thus each point is worth 1.1 cents.

Two other benefits worth mentioning:

  • There are no foreign transaction fees on purchases made outside of the United States with this card.
  • You can access your FICO credit score for free online as a cardholder.

Should you get this card?

The Priceline credit card is only worth getting if you use Priceline often and want to take advantage of that 5% rebate on Priceline purchases (or 5.5% if you count the 10% point redemption rebate). For any other purchases, though, you could earn significantly better rewards with a different credit card. That means this card is something to consider if you’re willing to carry multiple cards and want to maximize Priceline rebates, but not if you’re considering it as your everyday card for all of your purchases.

You can apply for the Priceline credit card via this online application.