With so many rewards credit cards out there, choosing the right one can be tough. They differ not just in the types of rewards they offer but also in how and when you can use those rewards. Picking the wrong card might mean you miss out on great benefits or actual money. Here are our top 10 rewards credit card recommendations.
1. CHASE SAPPHIRE PREFERRED CARD: This card is great for frequent travelers and diners, offering high reward rates and flexible redemption options for a relatively low annual fee. It comes with a big sign-up bonus and various travel rewards.
Pros: High rewards across various spending categories, lots of travel and shopping protections.
Cons: Annual fee; no initial APR offer.
2. AMERICAN EXPRESS PLATINUM CARD: This card is perfect for luxury travelers. It offers premier travel perks, access to airport lounges, and a wide range of rewards, including Membership Rewards points.
Pros: Bonus categories, transfer partners, luxurious privileges.
Cons: $695 annual fee, complex rewards structure, requires good or excellent credit.
3. CAPITAL ONE VENTURE REWARDS CREDIT CARD: This card offers 2-5 miles per $1 spent on purchases and a 75,000 miles bonus for spending $4,000 in the first three months. Its straightforward rewards structure makes it easy to use.
Pros: Lower annual fee than competitors, easy to earn and use miles.
Cons: Limited domestic airline and high-end hotel partners.
4. BANK OF AMERICA PREMIUM REWARDS CREDIT CARD: Great for frequent travelers, especially those already with Bank of America. This card offers flexible rewards.
Pros: Sign-up bonus, more points on travel and dining, premium travel protection.
Cons: Annual fee, requires good or excellent credit.
5. WELLS FARGO ACTIVE CASH CARD: This card offers an unlimited 2% cash rewards rate on purchases and no annual fee, making it a strong competitor among cash-back cards.
Pros: High rewards rate, no annual fee, introductory APR period.
Cons: No bonus categories.
6. HILTON HONORS AMERICAN EXPRESS SURPASS CARD: Ideal for Hilton hotel regulars, this card offers significant points on Hilton purchases and additional benefits.
Pros: Over $600 in statement credits annually, free night awards at participating properties.
Cons: High annual fee, higher regular and penalty APR, points have a lower value compared to other rewards programs.
7. CHASE FREEDOM UNLIMITED CARD: This card has a simple cash-back program with a flat rate on all purchases and no annual fee, making it a favorite among cash-back enthusiasts.
Pros: No annual fee, introductory APR period, high rewards rate.
Cons: Requires good or excellent credit.
In short, the right credit card for you depends on your spending habits, travel preferences, and financial goals. Since reward structures can change, be sure to check the latest details on the card issuer’s website.