With the economic recovery in most of the region, the tourism sector, and specifically business travel, has benefited in Latin America's major destinations.

This niche reached a value of $43.7 billion in 2022 in the region, according to IMARC Group, a consulting and market research firm.

As this is a sector of sophisticated users (given that the level of banking penetration and, consequently, card usage is generally low in Latin America), it is very likely that the vast majority of business travelers have either a personal or corporate card on which they accrue benefits such as miles or points.

How we chose the cards:

While conditions differ in major Latin American markets, Bloomberg Línea consulted with corporate travel experts and consultants, who suggested several points to consider when taking out a bank card with the intention of using it for its benefits:

  • Reasonable fees for the services and benefits they offer

  • Issuers offer ongoing benefits or campaigns rather than one-offs

  • Whether the card is accepted by various airlines or travel service providers (hotels, VIP lounges, etc.)

  • What they offer matches or improves on offers found on suppliers' websites

  • Whether they offer compensation for services paid for but not received

Thus, Bloomberg Línea presents its list of the best bank cards for travel in Latin America, focusing on Argentina, Brazil, Chile, Mexico, Peru ,and those that take into account the entire continent.