What are the best rewards credit cards? If you’re looking for a credit card with some of the best rewards, we have 10 great choices. All are designed to give you an opportunity to earn points or cash back each time you spend money on your credit card. They range from American Express cards that offer competitive rates for balance transfers and purchase APR’s, to cards that let you redeem points at the grocery store. Read this article now and find out which one is right for you!
The 10 Best Rewards Credit Cards
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If you like to earn cash back and pay your balances in full with every purchase, the Citi Double Cash card may be for you. Each time you make a purchase, this credit card gives you one percent as an ongoing rewards rate plus an additional one percent when your balance is paid off. This means you earn two percent for every purchase you make.
If you’re still building your credit and want to jumpstart it with a great card, then the Credit One Bank Visa Platinum is worth checking out. The best part of this card is that there are no annual fees or balance transfer fees for balances transferred within 60 days of opening an account. You also get 1% cash back on every day purchases.
This card is a favorite for those who spend more than $6500 per year on gas and grocery purchases. It offers additional rewards of six percent at U.S. supermarkets, three percent when purchasing Gas from Amex (at eligible stations) and one percent everywhere else you shop with the card—making it a great card for those who spend a lot on gas and groceries.
If you’re more of an everyday spender, the Amex Blue Cash Everyday might be better suited to your needs. With rewards that are similar to its counterpart but without all the benefits of being an elite cardholder (such as bonus points), this credit card is for those who spend $6000-7400 per year on gas and grocery purchases.
This is the best rewards credit card for maximizing rotating category rewards as you get 5% cash back on every day purchases (up to $1,500 each quarter) at places like Amazon, grocery stores, restaurants, gas stations and when you pay using PayPal. You also get 1% cash back on all other purchases. Best of all Discover will match all your cash back you earned at the end of your first year.
This card is great if you want to have access to luxury items and services, such as complimentary lounge access at airports, purchase protection with extended warranties up to four years or travel accident insurance. The best part about this rewards credit card is that you can earn $200 in airline credits ($100 for incidental flight purchases and another $100 if you purchase a full round-trip fare on American Airlines). If this card wasn’t enough, it also features access to Amex Events which includes concerts, sporting events, special performances and more.
This card has an offer of 100,000 points for spending $4000 within the first three months. Points can be used for international flights and to book hotels through Chase Ultimate Rewards. You also get a travel credit of up to $300 per year which covers things like baggage fees, flight changes, etc.
This card offer 25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening.
The BankAmericard Travel Rewards Credit Card has a sign up offer worth taking for those who are looking to rack up some miles while also not breaking their bank.
Get 20,000 bonus miles after spending $2000 in the first three months of opening your account. If you’re one of the people who are always looking for a bargain, the Capital One Venture Card is for you. The rewards program isn’t as generous and it’s only good on a certain type of purchase, but if that fits your spending habits then this card could be perfect.
With the Wells Fargo Active Cash credit card you get 2% cashback on all purchases, plus earn $200 cash rewards when you spend $1,000 in purchases within the first three months. There is no annual fee and you also get 0% interest for 15 months. You do need a good to excellent credit score to apply. Learn how to increase your Wells Fargo Credit Card Limit.
Why Should You Apply For A Rewards Credit Card?
The best rewards credit cards are a great way to improve your life by earning points, miles or cash back for your day-to-day purchases. The card you choose will depend on what type of reward is most valuable to you.
Rewards programs that offer the opportunity to earn an above average amount of points per dollar are available on cards from American Express and Chase. The card that offers the best rewards for you is a matter of preference.
How Do I Choose A Rewards Credit Card?
If you’re looking to get started with your first credit card, or if you want to upgrade what’s in your wallet now, here are some points to consider that will help you choose a credit card with the best rewards for you.
The first thing to consider about your new rewards credit card is what type of reward you want. There are two main types: cash back and points.
Cash back cards offer a flat rate on every purchase that can be as high as five percent, which doesn’t change no matter what type of purchases you’re making. These cards are good for those who want a simple credit card that won’t have lots of confusing benefits and will always offer the same rate.
Points-based rewards are best if your goal is to collect points, like airline miles or hotel stays. You’ll typically get one point per dollar spent on purchases made using the card, but the rate can vary depending on what type of purchases you’re making.
To make your decision, think about how you will redeem the rewards. If they are cash back points as opposed to airline miles or hotel stays, then it doesn’t matter much which card is best. You’ll be able to use them however and whenever you want to. You can also use cash back rewards to apply towards your statement credit. If you have a long list of spending categories, then it’s best to find a card that offers cash back for every category.
With airline miles or hotel stays rewards points, the credit card with the most valuable reward point rate is going to be one that suits your needs. If you’re interested in redeeming these types of travel-related points you should make sure the card you choose offers a good “point per dollar” ratio. For example, if your credit card gives you 15 miles for every $100 spent on airfare this is going to be better than one that only yields 70 points.
If you have decided to go with cash back rewards instead of airline miles or hotel stays then it be beneficial to go with the card that offers the highest percentage cash back. For example, if your credit card gives you a whopping rewards rate of one percent on all purchases it would be wise to ditch any high annual fee and stick with this.
When trying to choose between two cards that have similar rates for their best rewards category, you should make a note on how much we spend in that category. For example, if you spend $30 a month on groceries and both card offer the same number of points for grocery purchases then the one with more points per dollar would be your best choice.
Can I Get A Rewards Credit Card With Bad Credit?
Yes a good option of a rewards credit card with bad credit (300-600) is the Discover It Secured Credit Card. This credit card offers 2% cash back at restaurants and gas stations up to $1,000 in purchases each quarter.
Another option for a rewards credit for bad credit is the Credit One Bank Platinum Visa Credit Card. You will get 1% cash back on every day purchases while you build your credit.
The bonus you get with these rewards credit cards is that you get access to your FICO score so you can monitor your credit as you continue to build up your credit score.
Related: myFICO Review: Credit Monitoring App
Can I Get A Rewards Credit Card With No Annual Fee?
It’s also important to note what type of rewards cards have no annual fee. There are some cash back cards that have no annual fee such as the Capital One Quicksilver Card. If you don’t qualify for the best rewards credit cards and can’t get a card with no annual fee then it might be wise to check out other options like cash back.
Are there any rewards credit cards that offer 0% interest?
One good option is the Citi Double Cash back MasterCard. This card has an intro APR for 18 months and offers cash back at a rate of two percent, which means you’ll receive $20 for every $1000 spent. This is an excellent card if you’re looking to get out of debt quickly.”
Some cards offer 0% APR on purchases and balance transfers like the American Express Platinum Card from Citi or Chase Slate Credit Card but these will typically come with annual fees and higher interest rates.
The Chase Freedom Unlimited card is another good option if you’re looking to save on annual fees. This card offers a 0% intro APR for 15 months, rewards points at one point per dollar spent, and no foreign transaction fee with an introductory balance transfer offer of 18 months.
Related: 8 Best No Interest Credit Cards
What are some other cards that offer rewards?
The American Express Blue Cash Preferred Credit Card is great for loading up on cash-back rewards. You’ll receive a whopping six percent back at U.S. supermarkets and three percent back at gas stations, department stores, and select drugstores.
If you’re looking to save money when dining out or traveling abroad then the Capital One Venture Rewards Credit Card is a good option. With this card, you’ll earn two points for every dollar spent on purchases – and there’s no annual fee.
If you’re looking to start building credit or want an easy way of paying your monthly bills then the Discover it Secured Card can help. You get access to free FICO scores so you can see how you’re progressing and there’s no annual fee.
Related: Best Credit Cards For Bad Credit
If you need a card that offers rewards for purchases in the travel category then the Barclaycard Arrival Plus World Elite MasterCard is perfect. You’ll get two miles on every dollar spent, plus an additional mile when redeeming your points for travel-related expenses.
Our Top Picks For Rewards Credit Cards
– The Barclaycard Arrival Plus World Elite MasterCard is a great choice for those who are interested in travel. With this card, you’ll get two miles on every dollar spent and an extra mile when redeeming your points for travel expenses.
–The American Express Blue Cash Preferred Credit Card is a great choice for those who are interested in cash back. With this card, you’ll get six percent cash back on groceries and three percent cash back at gas stations.”
– The Capital One Venture Rewards Credit Card is the best option if you want to earn free travel miles. You’ll get two miles per dollar spent plus unlimited one percent cash back.
– The Citi Double Cash Card is a good option for those who want to get the most value out of their points.
–The Discover It Miles Credit Card is perfect if you’re looking for flexible rewards, as this card offers cash back and miles on all purchases.
Best Cash Back Credit Cards
–The Citi Double Cash Card – Earn cash back twice! Unlimited cash back on every purchase and earn an additional 1% cash back when you make payments on those purchases.
–Chase Freedom Unlimited – 5% cash back on travel purchased through Chase Ultimate Rewards plus 3% on dining including takeout and Doordash, 3% on drugstore purchases, 1.5% on all other purchases.
– Discover It Cash – 5% cash back on every day purchases up to $1,00 per quarter, plus Discover with match all the cash back you earned in your first year.
Find a credit card that has the rewards you are looking for. If you like to travel get a credit card with excellent travel points. If you prefer cash back find one that offers a good cash back bonus on where you spend the most money. The best credit card to have is one that offers no annual fee and cash back rewards. What’s your favorite type of reward?
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