A no-annual-fee card that offers the same perks as premium travel cards may sound too good to be true. But the new TravElite American Express from First National Bank offers several of the same perks you’ll find on heavyweights like the $550-a-year Platinum Card from American Express (a CreditCardForum advertising partner) and $450-a-year Chase Sapphire Reserve — for no annual fee.
Part of the reason that’s possible is that the TravElite card will be open for applications for a limited time only. By narrowing its applications in this way, First National Bank can limit its risk while still offering above-average benefits.
“Limited time only” doesn’t necessarily mean “Apply for this card immediately no matter what.” Our review will help you decide if you should hurry to apply before the window closes.