There are numerous rewards credit cards out there, making it a bit challenging to compare them side by side. Each card has different earning rates, reward types, and rules for earning and redeeming points. Picking the wrong rewards credit card could mean missing out on great perks or significant cash savings. Here, we’ve put together our top 10 picks for the best rewards credit cards:
1. **Chase Sapphire Preferred Card:** This card is great for people who often spend on travel and dining, thanks to its high rewards rates and flexible redemption options. It has a modest annual fee and offers generous sign-up bonuses, as well as travel perks.
2. **American Express Platinum Card:** This card is perfect for seasoned travelers, offering access to premium travel perks, airport lounges, and a variety of rewards, including Membership Rewards points.
3. **Capital One Venture Rewards Credit Card:** This card is a standout among travel cards, giving 2 – 5 miles per dollar spent on purchases and a 75,000-mile bonus for spending $4,000 in the first 3 months. Its straightforward rewards structure allows users to earn miles on all purchases.
4. **Citi Premier Card:** This versatile travel card lets you earn rewards on more than just travel expenses. It offers 3X points for hotels and air travel, as well as other popular categories like restaurants, supermarkets, and gas stations.
5. **Discover it Cash Back:** Ideal for those willing to activate the 5% rotating categories and track the quarterly spending cap, this no-annual-fee card offers substantial rewards beyond its standard 1% earning rate.
6. **Bank of America Premium Rewards Credit Card:** If you’re already a Bank of America customer, this card could yield significant rewards, especially if you maintain high balances in your accounts. It offers a strong rewards program, airline incidental fee credits, and other travel benefits.
7. **Wells Fargo Active Cash Card:** This card offers an unlimited 2% cash rewards rate on purchases and has no annual fee, making it one of the best flat-rate cash back cards available.
8. **Hilton Honors American Express Surpass Card:** Ideal for those who frequently stay at Hilton hotels, this card offers substantial points on Hilton purchases and additional benefits.
9. **Chase Freedom Unlimited:** Known for its simple cash back program, it offers a flat rate on all purchases with no annual fee. Its bonus categories and flexible rewards make it a top pick among cash-back cards.
10. **Southwest Rapid Rewards Premier Credit Card:** Perfect for regular Southwest Airlines passengers, this card offers perks like bonus points and anniversary bonuses. It also provides a $75 annual travel credit on Southwest, which helps to easily offset the annual fee.
In conclusion, before signing up for any credit card, take the time to assess your spending habits, travel preferences, and financial goals to determine which card best fits your needs. Always confirm the latest details on the credit card issuer’s website, as terms, conditions, and reward structures may change.