Who wouldn't want to travel the world for free? For big spenders, that's the promise of many travel rewards credit cards. But not all travel rewards cards are made equal, so you have to be careful about which one you choose.

If you are in need of a new credit card or just curious what's out there and you love to travel, well, you've come to the right place. Today, I'm going to rank my five favorite travel rewards credit cards.

Each credit card was ranked based on the following factors: 

  • Sign-up bonus
  • Simplicity and functionality of the point system
  • Annual fee
  • APR
  • Special card features  

The slideshow below reveals my top five.