The current version of this card offers 5 points for each $1 spent on travelocity.com, 2 points on one chosen category (say, restaurants), and 1 point on everything else. If you redeem in batches of 20,000 points, you get $400 of credit on travelocity.com. Redeemed this way, 1 point = $0.02, so you effectively get 10% back on travelocity.com spend, 4% back on your preferred category, and 2% on everything else. There is a $39 annual fee and you get 7500 points for signing up. The most frequent objection I hear to this card is, "I don't use Travelocity.com." I didn't either before I got this card but it is a decent site with prices that are equivalent to other channels. It isn't hard to work into your travel booking routine. Before you book your next hotel or flight, check to see if that hotel/flight is available on travelocity.com at the same price. If it is, book it there and effectively get 10% back. Likewise, when it's time to redeem your travelocity points, simply apply your $400 credits like cash towards your next flight or hotel stay. This is redeemed through the site and there are no minimums or limits. Importantly, you still earn your airline's frequent flier miles on flights booked through travelocity.com (in addition to your travelocity points). There was a previous version of this card (no longer currently offered) that offered only 4 points for each $1 spent on travelocity.com, no chosen category bonus, but 2 points on all other spend. This works out to 8% back on travelocity.com spend and 4% on everything else. Out of my 13 credit cards, that is my default card for nearly all spending.