There’s an abundance of rewards credit cards available, presenting a challenge when it comes to discerning the best ones. With varying earning rates, reward types, and specific rules, one could potentially miss some valuable benefits and cash rewards. Here, we’ve selected the top 10 rewards credit cards.
CHASE SAPPHIRE PREFERRED CARD
This card rewards frequent travelers and diners generously, while providing a good blend of high rewards rates and freedom to redeem. It requires a reasonable annual fee and is reputed for its sizeable sign-up bonus, flexible redemption features, and travel benefits. However, it carries no introductory APR offer and does carry an annual fee.
AMERICAN EXPRESS PLATINUM CARD
For avid travelers who like exclusive experiences, The American Express Platinum Card is a worthy addition to your wallet. It comes with high-grade travel benefits, access to airport lounges, and a variety of rewards including Membership Rewards points. Keep in mind, it features a hefty annual fee, the rewards program can be complicated, and it necessitates good or excellent credit.
CAPITAL ONE VENTURE REWARDS CREDIT CARD
The Capital One Venture Card is a top-tier travel card that rewards users with 2 – 5 miles per $1 spent. Notable features include an initial bonus of 75,000 miles for spending $4,000 in the first three months. On the downside, the lack of domestic airline and swanky hotel travel partners might be a turn-off for frequent domestic travelers.
CITI PREMIER CARD
The Citi Premier® Card is perfect if you’re after a well-rounded travel credit card that also gives rewards on non-travel spending. It features a sensible annual fee and requires good or excellent credit but also offers diverse perks and ongoing bonuses.
DISCOVER IT CASH BACK
The Discover It Cash Back card rewards initiative, offering an impressive 5% cash back on varying spending categories throughout the year. Be ready to track your spending and activate these categories every quarter if you want to maximize your rewards.
BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
Travelers who yearn for versatile rewards should consider the Bank of America Premium Rewards credit card. It’s particularly appealing for existing Bank of America customers who maintain significant balances in their accounts.
WELLS FARGO ACTIVE CASH CARD
With no annual fee and an unlimited 2% cash rewards rate on purchases, the Wells Fargo Active Cash Card stands strong among top-tier cashback cards. Its rewards system is simple and rewarding but doesn’t feature any bonus earning categories.
HILTON HONORS AMERICAN EXPRESS SURPASS CARD
Hilton-goers will revel in the Hilton Honors American Express Surpass Card’s abundant points on purchases and additional advantages. However, these benefits come with a hefty price tag.
CHASE FREEDOM UNLIMITED
Chase Freedom Unlimited attracts with its effortless cashback program along with bonus categories and a fantastic welcome offer. On top of that, there are no yearly fees.
SOUTHWEST RAPID REWARDS PREMIER CREDIT CARD
If you fly frequently with Southwest Airlines, the Southwest Rapid Rewards Premier Credit Card would suit you well. Although it carries a potentially prohibitive annual fee and lacks an introductory APR offer, other rewards such as anniversary bonuses, reward seats without blackout dates, and tier qualifying points balance it out.
In conclusion, remember to carefully consider your financial habits and travel inclinations before applying for any rewards credit card. Review the latest information on the credit card issuers’ websites to ensure the rewards structure, terms, and conditions suit your needs.
