For those of you that have a 700 credit score or higher, the credit cards you hold should do the heavy lifting for you. The higher your credit score goes, the more opportunities you’re going to have to get the best credit card offers. If you have excellent credit, use it to your advantage. You want to make sure you’re leveraging the excellent credit you have by choosing the most rewarding cards you can get approved for.
While you always want to be responsible with your credit, people that have excellent credit are the ones that get the best terms on financial products, lower interest rates, best rewards, and the most beneficial perks the market has to offer.
If you have a credit score of 700 or higher, every credit card you carry should reward you for using it. Whether you want cash back, points or miles, or other benefits, you’re going to have opportunities to get the best credit card benefits with excellent credit. Many of these cards don’t have an annual fee and if they do, they make up for it with sign-up bonuses, ongoing rewards, or both.
When you’re considering the best credit cards for good to excellent credit, there’s a lot you have to think about. Does it have cash back? Does it have a signup bonus? Does it have a special intro offer? Below, we have two top categories, cash back credit cards and travel reward credit cards. Here’s our recommendations for the top credit card picks for great credit.
Cash Back Credit Cards For Excellent Credit
Let’s take a look at the best credit cards for excellent credit.
(1) Blue Cash Preferred® Card from American Express
Rewards – You can receive 6% cash back at U.S. supermarkets, on up to $6,000 a year in spending, then 1% afterward. You can get 6% cash back on select U.S. streaming subscriptions; 3% cash back at U.S. gas stations and on transit, which includes parking, rideshares, taxis, tolls, buses, and trains; as well as 1% cash back on all other purchases. Terms will apply.
Welcome Bonus – You can earn 20% back on Amazon.com purchases on this card within the first 6 months of starting your card membership, up to $200 back. You can also earn $150 back after you spend $3,000 in purchases on the cash back credit card within the first 6 months of card membership. The cash back you receive will be used as statement credits. Terms will apply.
Annual Fee – $0 intro for the first year, then $95.
What We Say – The Blue Cash Preferred® Card from American Express is perfect for those of you that want to take advantage of the great rewards spending money at gas and grocery stores. While the card does have a $95 annual fee, the cash back you’re going to generate will cover that fee in no time. If the fee is a deal breaker, you may want to consider the Blue Cash Everyday® Card from American Express, which offers lower rewards and a smaller welcome offer.
(2) Capital One Quicksilver Cash Rewards Credit Card
Rewards – 1.5% cash back on every day purchases.
Annual Fee – $0.
Sign-Up Bonus – You’ll receive aone-time $200 cash bonus after you spend $500 on purchases within 3 months from opening your credit card account.
What We Say – If you want a simple card that brings in the rewards, then the Capital One Quicksilver cash rewards credit card is a great pick. Your cash back is never limited, you can earn unlimited cash back at a solid rate. While many cash-back cards have minimum redemptions, the Quicksilver cash back credit card doesn’t have a minimum. Plus, if you do travel abroad, there’s no foreign transaction fees to worry about. The $200 bonus after you spend $500 in 3 months is nice too.
Rewards – 1% cash back on every day purchase, plus another 1% when you pay it off.
Annual Fee – $0.
What We Say – The Citi® Double Cash Card – 18 month BT offer is always a fan favorite here at CreditShout. The reason we like it is because the 1% + 1% structure adds up to the best flat cash-back rate on the market right now. Even though the card doesn’t have a sign-up bonus, this is still one of the best credit cards on the market.
Sign-Up Bonus – You can earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from opening your credit card account, or you can earn 50,000 miles if you spend $3,000 on purchases in the first 3 months.
What We Say – This is one of the best cards for redeeming rewards and if you own travel credit cards, you know that can be a complicated process at times. With the Capital One Venture Rewards credit card, rewards are simple. Just book travel as usual, pay with your card, and then redeem your miles for a credit against travel expenses. You can travel on any airline you want, stay at any hotel you want, there are no restrictions to worry about. We love that!
Rewards – Get 2 points per $1 spent on travel and dining; 1 point per $1 spent everywhere else.
Annual Fee – $95.
Sign-Up Bonus – Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
What We Say – The Chase Sapphire Preferred® Card gets thumbs up for flexibility. Points are worth 1.25 cents apiece when you use them to book travel through Chase’s online tool. You can also transfer points at a 1:1 ratio to several popular airline and hotel loyalty programs, including United, Southwest, Hyatt and Marriott.
All of these credit cards for excellent credit have benefits and rewards that top the credit card market. Remember, make sure you take the time to evaluate each card and choose the best card for your specific scenario.
If you’re looking to get a low interest credit card for excellent credit, remember, your credit score and history will play a big role in that interest rate you get. One of the best ways to improve your credit score is by paying off your credit card debt. We recommend reviewing this article: How Much Will My Credit Score Increase After Paying Off Credit Cards
You’ve worked hard to get excellent credit, now it’s time to enjoy the perks of all that hard work.
Credit Shout is a community of personal finance experts dedicated to helping you save money and make smart financial decisions. Learn how to master your credit card rewards, improve your credit score and start eliminating your debt.