There are many different types of rewards credit cards, each with its own earning rates, rewards methods, and rules. Comparing these cards can be tricky, and choosing the wrong one could mean missing out on benefits or even losing money. Here are our top 10 reward credit cards.
**Chase Sapphire Preferred Card**
This card is a great all-around choice with good rewards rates and flexible redemption options. It’s perfect for travel and dining expenses, with a reasonable annual fee. It also offers a generous sign-up bonus and various travel benefits, although it does lack an introductory APR.
**American Express Platinum Card**
The American Express Platinum Card is ideal for frequent luxury travelers. It offers premium travel benefits, airport lounge access, and plenty of rewards through Membership Reward points. However, it comes with a hefty $695 annual fee and has somewhat complicated rewards.
**Capital One Venture Rewards Credit Card**
The Capital One Venture Card is a strong option for travel enthusiasts. It lets you earn 2 to 5 miles per dollar on every purchase, and its annual fee is lower than some competitors. However, it doesn’t have partnerships with domestic airlines or high-end hotels, which could be a downside.
**Citi Premier Card**
The Citi Premier Card offers great rewards for travel and everyday purchases, including 3X points on travel bookings, restaurants, supermarkets, and gas stations. It does come with an annual fee.
**Discover it Cash Back Card**
This card is good for moderate spenders who can keep track of the 5% rotating categories and stay within the quarterly spending limit. There’s no annual fee, and it can provide substantial rewards, but the bonus cashback is capped at $1,500 per quarter.
**Bank of America Premium Rewards Credit Card**
Perfect for frequent travelers who want flexible rewards, especially if they have significant balances in their Bank of America accounts. However, it does have an annual fee.
**Wells Fargo Active Cash Card**
This card offers a flat 2% cash rewards on all purchases with no annual fee. While it provides competitive cashback rates, it doesn’t have specific reward categories.
**Hilton Honors American Express Surpass Card**
If you often stay at Hilton hotels, this card could be beneficial, offering significant points and perks on Hilton bookings. It does have a high annual fee and penalty APR.
**Chase Freedom Unlimited**
This card has a straightforward cashback program with a flat rate on all purchases and no annual fee. Still, you need excellent credit to qualify.
**Southwest Rapid Rewards Premier Credit Card**
Frequent Southwest Airlines fliers might find this card useful, with its bonuses and anniversary rewards. However, it comes with a relatively high regular APR, an annual fee, and lacks an introductory APR offer.
In conclusion, it’s crucial to evaluate your spending habits, travel preferences, and financial goals before choosing a credit card. Always check the terms, conditions, and reward structures on the credit card issuer’s website to ensure you make the best choice.