Credit card rewards can really differ from one card to another, which makes it tricky to compare them. The earning rates, types of rewards, and conditions for earning and redeeming points all play a role in finding the best card for you. Picking the wrong card might mean missing out on great rewards or even losing money. Let’s look at our top 10 reward cards.
**Chase Sapphire Preferred Card**
The Chase Sapphire Preferred Card is a great choice, especially if you spend a lot on travel and dining. It offers generous rewards and flexible ways to use them, all for a reasonable annual fee. The card also comes with a big sign-up bonus and several travel perks.
**Pros:**
– High rewards in various spending categories
– Many travel and shopping protections
**Cons:**
– Annual fee
– No introductory APR offer
**American Express Platinum Card**
The American Express Platinum Card is ideal for frequent travelers who enjoy luxury. It offers numerous travel perks, access to airport lounges, and a versatile Membership Rewards points system.
**Pros:**
– Beneficial bonus categories
– Wide range of transfer partners
– Luxury perks
**Cons:**
– High annual fee
– Complicated reward structure
– Requires good to excellent credit
**Capital One Venture Rewards Credit Card**
The Capital One Venture Card is a standout option among travel cards. It offers 2 to 5 miles for every dollar spent and has a hefty initial bonus of 75,000 miles if you spend $4,000 in the first three months. Its straightforward rewards system competes well with other premium cards.
**Pros:**
– Easy to earn bonus miles
– Everlasting rewards
**Cons:**
– Annual fee
– Requires excellent credit
**Discover It Cash Back**
The Discover It Cash Back card is great for moderate spenders who can benefit from the rotating 5% categories and stay within the quarterly spending cap. It offers significant rewards beyond the standard 1% rate, without an annual fee.
**Bank of America Premium Rewards Credit Card**
The Bank of America Premium Rewards credit card is worth considering for frequent travelers who want flexible reward options. It’s especially beneficial for existing Bank of America customers with substantial account balances. The card has a competitive rewards program, airline fee credits, and travel benefits.
**Wells Fargo Active Cash Card**
The Wells Fargo Active Cash Card is appealing because it offers 2% cash rewards on purchases without any annual fee.
**Hilton Honors American Express Surpass Card**
The Hilton Honors American Express Surpass Card is perfect for those who frequently stay at Hilton hotels, providing high points on Hilton purchases and additional perks.
**Chase Freedom Unlimited**
The Chase Freedom Unlimited is a strong contender among cash-back cards, with its straightforward cash back program and valuable bonus categories. Plus, there’s no annual fee.
**Southwest Rapid Rewards Premier Credit Card**
The Southwest Rapid Rewards Premier Credit Card is ideal for frequent Southwest airlines flyers, offering attractive bonuses and rewards.
Before applying for any credit card, it’s important to evaluate your spending habits, preferences, and financial goals to find the best fit for you. Always check the latest information with the card issuer’s website, as terms, conditions, and reward structures can change.