Choosing the ideal rewards credit card can be tricky as they differ significantly in earning rates, reward types, and attached rules. Yet, failure to opt for a suitable rewards card could deny you some valuable perks and even some extra money. Here are our top 10 recommendations for the best rewards cards.
CHASE SAPPHIRE PREFERRED CARD
Regarded as a boon for frequent spenders on travel and dining, the Chase Sapphire Preferred Card offers a promising blend of high reward rates and flexibility in redemption. It also comes with a modest annual fee, generous sign-up bonuses, flexible redemption options, travel benefits, insurance coverings, and consumer protections.
AMERICAN EXPRESS PLATINUM CARD
For frequent travelers craving luxury, the American Express Platinum Card is a worthy contender. It boasts premium travel perks, access to airport lounges, and a variety of rewards, including Membership Rewards points. However, it carries a hefty annual fee and necessitates a good-to-excellent credit score.
CAPITAL ONE VENTURE REWARDS CREDIT CARD
Thriving on its simple and straight-forward rewards structure, the Capital One Venture Card is among the best premium travel cards. There’s a high initial points bonus, and you can earn two to five miles per dollar spent.
CITI PREMIER CARD
Ideal for those who also want to gain rewards on non-travel expenses, the Citi Premier Card gives you bonus points on an array of categories. It is particularly beneficial for frequent travelers and offers bonus rewards for hotels, air travel, dining, and gas stations.
DISCOVER IT CASH BACK
The Discover It Cash Back is designed for those fine with tracking quarterly spending caps and activating 5% rotating categories. Its absence of an annual fee compensates for some of the limitations to its bonus rewards rate.
BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
This card offers an excellent rewards system, travel perks, as well as credits for airline incidentals. Especially if you’re already a Bank of America customer, it might be an excellent fit for you with a solid rewards program and added benefits for frequent travelers.
WELLS FARGO ACTIVE CASH CARD
The Wells Fargo Active Cash rewards its users with a smooth 2% cash return rate on purchases, positioning it as a top-tier flat-rate cash back card with no annual fee.
HILTON HONORS AMERICAN EXPRESS SURPASS CARD
If you often stay at Hilton hotels, this card could offer valuable returns. It delivers ample points on Hilton purchases and several other benefits included with the complimentary Diamond status.
CHASE FREEDOM UNLIMITED
For a simple cash back program, the Chase Freedom Unlimited card, with its flat reward rate on all purchases and no yearly fee, is one to look out for.
SOUTHWEST RAPID REWARDS PREMIER CREDIT CARD
For regular Southwest Airlines flyers, this credit card provides benefits like bonus points and annual bonuses.
BOTTOM LINE
Before choosing any card, evaluate your spending habits, travel preferences, and financial aspirations. Ensure you align your needs with the card’s features. Also, be mindful that reward structures, terms, and conditions may change. Always check for the most recent details on the card issuer’s website.
