If you are looking for a rewards credit card, you have two options when you consider the Priority Club World MasterCard from Capital One and the Priority Club Platinum MasterCard. Both of these cards require that you have at least good credit to qualify. Depending on which card you apply for, there are different benefits.

Here is a run down of the two cards:

Priority Club Platinum MasterCard from Capital One

This card requires that you have good credit in order to qualify for the Priority Club Platinum MasterCard. There is an annual interest rate of 19.8%, and no annual fee. This is a great basic rewards card, offering a fairly standard rewards program:

• 2 points for each dollar spent on hotels within the Priority Club Rewards Family of Brands.
• 1 point for each dollar spent on other purchases.
• 5,000 bonus points if you use the card to spend at least $10,000 a year.

It is also worth noting that when you make your first purchase, you will receive 15,000 bonus points. That’s a great way to get started. If you travel frequently, you can earn free stays, and this card can be quite valuable. However, the high interest rate means that you are better off if you pay off the balance each month.

Priority Club World MasterCard From Capital One

If you have excellent credit, than you might be able to qualify for the Priority Club World MasterCard from Capital One. This card has a more generous rewards program than the Priority Platinum card. However, you will have to pay an annual fee of $120. Here is how the rewards program works:

• 5 points for each dollar spent on Priority brand family hotels.
• 2 points for every dollar spent on other net purchases.
• 5,000 bonus points for each $10,000 you spend. There is no limit on how many bonus points you can earn in a year.

After your first purchase, you receive 30,000 bonus points. This is a great help for the frequent traveler. Indeed, if you travel frequently, and use the Priority Club World MasterCard for a variety of purchases, you can add up the reward points quickly and save money. With the right strategy, you can even easily offset the annual fee that you pay for the credit card.

However, you do need to be careful; with a 19.8% interest rate, you could easily find your rewards overwhelmed by interest charges. In order to get the most out of your credit card rewards program, you need to plan ahead, make regular purchases, and pay off your card each month.