Credit card rewards vary greatly, complicating the process of comparison. Their divergent earning rates, reward currencies, and the stipulations attached to earning and redemption, make it a task to find the best fit for you. Choosing the wrong one could mean missing out on impressive rewards or even losing potential money. Here are our selections for the top 10 reward cards.
CHASE SAPPHIRE PREFERRED CARD
The Chase Sapphire Preferred Card is a fantastic option, especially for frequent consumers of travel and dining. It offers generous rewards and flexible redemption choices all for a reasonable yearly fee. A considerable sign-up bonus and travel benefits make it even more appealing.
PROS & CONS OF A SAPPHIRE PREFERRED CARD
Earning high rewards in multiple spending categories
Many travel and shopping protections
CONS
Yearly Fee
No introductory APR offer
AMERICAN EXPRESS PLATINUM CARD
The American Express Platinum Card is perfect for regular travelers looking for luxury. It provides extensive travel amenities, airport lounge access, and a variety of Membership Rewards points.
PROS & CONS OF AN AMERICAN EXPRESS PLATINUM CARD
Advantageous bonus categories
Range of transfer partners
Luxury privileges
CONS
Costly annual fee
Complex reward structure
Requires good to excellent credit
CAPITAL ONE VENTURE REWARDS CREDIT CARD
The Capital One Venture Card stands out among premium travel cards. It rewards with 2 – 5 miles for each dollar spent and offers a significant initial bonus of 75,000 miles for spending $4,000 within the first three months. It competes well with other premium credit cards with its straightforward rewards structure.
PROS & CONS OF CITI PREMIER CARD
Bonus categories
Everlasting rewards
CONS
Yearly fee
Excellent credit score required
DISCOVER IT CASH BACK
The Discover It Cash Back card is recommended for moderate spenders who can keep up with the 5% rotating categories and track the quarterly spending cap. It even offers substantial rewards outside of its standard 1% earning rate without an annual fee.
BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
The Bank of America Premium Rewards credit card is worth considering for regular travelers searching for flexible reward options, especially for existing Bank of America accountholders with significant balances. The card comes with a competitive rewards scheme, airline incidental fee credits, and travel benefits.
WELLS FARGO ACTIVE CASH CARD
The Wells Fargo Active Cash Card poses a promise by offering 2% cash rewards on purchases without any annual fee.
HILTON HONORS AMERICAN EXPRESS SURPASS CARD
The Hilton Honors American Express Surpass Card is the perfect match for those who regularly visit Hilton hotels, with high points on Hilton purchases and added advantages.
CHASE FREEDOM UNLIMITED
The Chase Freedom Unlimited competes well among cash-back cards with its straightforward cash back program and useful bonus categories. Plus, it requires no annual fee.
SOUTHWEST RAPID REWARDS PREMIUM CREDIT CARD
The Southwest Rapid Rewards Premier Credit Card offers attractive bonuses and rewards, making it perfect for frequent flyers of Southwest airlines.
It’s crucial to evaluate your spending habits, preferences, and financial aims before applying for any credit card to figure out the best option for you. Always cross-verify the most recent details with the credit card issuer’s website since terms, conditions and reward structures may have changed.
