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Everyone loves a great rewards credit card, right? I know I do, there’s so many benefits when you understand just how rewards cards work.
When it comes to the best rewards credit cards, there’s a lot you have to consider. Today, I’m breaking down the top rewards credit cards and what makes each one special.
Which Are The Best Rewards Credit Card?
Let’s break down our list.
Amazon Prime Rewards Visa Signature Card
Averaging 4.2 stars out of 5, the Amazon Prime Rewards Visa Signature Card is one of the most popular rewards cards on the market.
You can earn a whopping 5 percent cash back shopping at Amazon.com and Whole Sale Foods. You’ll earn 2 percent cash back when you shop at restaurants, drugstores and grocery stores. You can earn 1 percent cash back on all other purchasers.
The Amazon Prime Rewards Visa has no annual fee or no foreign transaction fees.
Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Credit Card is another heavily favorited rewards credit card, scoring a 4.0 out of 5.
With the Chase Sapphire, you can earn 50,000 bonus points after you spend $4,000 in the first 3 months of opening your account.
While other credit cards are usually tied to a specific hotel or airline brand, you can redeem rewards from the Chase Sapphire Preferred® Card in a number of different ways.
You earn 2 points per $1 spent on dining and travel and 1 point per $1 spent on everything else. Your points are worth 25 percent more when you use them to book travel through Chase Ultimate Rewards®, or you can transfer them at a 1:1 rate to other loyalty programs.
Capital One® Venture® Rewards Credit Card
The Capital One® Venture® Rewards credit card is another rewards card that ranks high on our list.
Just like the Chase Sapphire Preferred®, you get a great sign up bonus. With this card, you’ll get a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, which is equal to $500 in travel.
The Capital One® Venture® Rewards Credit Card is considered to be one of the most flexible travel cards. You can earn 2 miles per every $1 spent on everything; miles can be redeemed for credit against most travel expenses also. You’re not restricted to just one airline or hotel either, as is the case with co-branded cards. You just book your travel, then pay for it with your rewards. There’s no minimum redemption amount, so you can use rewards for what you want.
Discover it® Cash Back
The Discover it® Cash Back credit card ranks at the top among cash back credit cards. It’s a long time favorite among the best rewards credit cards.
This card has broad rewards bonus categories that change each quarter, allowing cardholders to earn 5% cash back at such places as restaurants, online retailers and gas stations, among others. (The 5% rewards are capped at $1,500 in spending per quarter; after that, you get 1%.
This card has no foreign transaction fees, and it waives the first late payment fee. Finally, there’s a distinctive sign-up bonus: Discover will match ALL the cash back you’ve earned at the end of your first year, automatically. There’s no signing up. And no limit to how much is matched. If you use your Discover it® card a lot, it can really pay off at the end of the first year.
Capital One® Quicksilver® Card
The Capital One® Quicksilver® credit card is another popular rewards card that ranks high on our rewards list.
With a 0% Intro APR for 15 Months that pays an unlimited 1.5% cash back on everything and an annual fee of $0, it’s easy to see why this is a favorite.
Unlike other credit cards that restrict when and how you cash in your rewards, with Capital One® Quicksilver®, you can redeem cash back in any amount at any time.
With the introductory APR offer: 0% on Purchases and Balance Transfers for 15 months, and the ongoing APR of 14.74% – 24.74% Variable APR, it’s a great credit card to own. You also get a good sign-up bonus: One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening.
Blue Cash Preferred® Card From American Express
The American Express Blue Cash Preferred® card is another rewards card that’s worth of our list.
This credit card has one of the highest rewards rates at U.S. supermarkets, a huge 6% cash back on up to $6,000 of spending per year (you get 1% after). You can also earn 3% cash back at U.S. gas stations and select U.S. department stores. All other purchases earn 1% back.
Even more, you can extend the 6% cash back far beyond groceries by buying gift cards at the supermarket and using them at retailers and restaurants. (You’re welcome!)
You can get a $200 statement credit after you spend $1,000 in purchases during the first 3 months.
Citi® Double Cash Credit Card
The Citi® Double Cash credit card has one of the highest flat-rate cash back rates on the market.
You can earn 2% cash back on your purchases, 1% when you buy and %1 when you pay.
The only thing we don’t like is that you have to hit $25 to redeem your cash back rewards. Most of the other cash back cards allow you to redeem your cash back at anytime.
Some more perks include a late payment waive for your first late payment and you get to choose your own billing date.