When it comes to the top credit cards, rewards cards are arguably the best option for your spending. All you have to do is use your card for purchases, and you can earn anything from cash back to travel benefits and even rental car coverage. We regularly review hundreds of credit cards to keep up with the changing introductory offers and rewards programs. Based on our exhaustive research, these are the best rewards credit cards available today:
You receive other travel benefits, too, like 5x the points on travel booked through Chase Ultimate Rewards, plus 3x the points on dining and groceries to round out your trip. All other travel purchases earn 2x the points. There are everyday benefits as well, such as 3x the points on some streaming services and 1 point per dollar on all other purchases. There is also an extra bonus in the form of a $50 Annual Ultimate Rewards Hotel Credit. Pros
Introductory bonus offerSeveral transfer partnersRental car coverage
Cons
Benefits have limitationsAnnual feeLimited travel
Other benefits include 3x the points on flights that you book through AmexTravel.com or directly from an airline. All other purchases earn 1 point per dollar. There is also an introductory offer that gives you 60,000 Membership Rewards Points once you spend $4,000 in purchases within your first six months of having the card. Amex also has up to $120 in Uber Cash with an additional up to $120 dining credit. Pros
Multiple options for travelNo foreign transaction fee Up to 5 complimentary authorized users
Cons
Annual fee appliesHigher APR for Pay Over TimeNo access to travel lounges
Enjoy a welcome bonus of $250 back when you spend $3,000 in purchases within the first six months. There is also a 0% introductory APR on purchases and balance transfers lasting for your first year, then 18.49% - 29.49% variable. Pros
First-year 0% APRGenerous rewardsBonus rewards categories
Cons
Spending caps applyOngoing Annual fee Good credit required
The generous introductory offer gets you started on the right foot, with 75,000 bonus miles after you spend $4,000 within your first three months of having the card. It is a major reason why it is also voted the best credit card bonus offer for 2022. Pros
No foreign transaction feeTravel creditsAttractive introductory offer
Cons
Excellent credit requiredAnnual feeReward restrictions
As you make timely payments, they are reported to all three credit bureaus to help you build and improve your credit. After you have the card for seven months, Discover begins to regularly review your account to monitor your payments and any improvement in credit. Once your credit builds, you may be able to switch over to a traditional, unsecured credit card. The benefits include 2% cash back on gas and dining, up to $1,000 per quarter. All other purchases earn you 1% cash back, plus you receive 2x the points at the end of the first year with Cashback Match. There is no annual fee, either, to help save you money. Pros
Great for poor creditNo annual feeExcellent for credit-building
Cons
Requires depositHigh APR
Wells Fargo also gives you bonus cell phone protection that gives you up to $600 against damage and theft (a $25 deductible applies). Pros
0% intro APRUnlimited cash rewardsNo annual fee
Cons
Foreign transaction feePurchase minimums applyNo bonus categories
Rewards: Whether it is cash back or special perks and bonuses, you may earn extra rewards when you use your credit card to regularly make purchases. Card limits: Credit card providers may limit the amount of credit you have on your card. While some cards may limit your spending to $500, others could extend a line of credit for $1,000 or more, depending on which one you choose.APR: The annual percentage rate, or APR, determines how much interest you will pay on each purchase. The lower your APR, the less you can spend on interest. Fees: There are multiple fees that you may see on your credit card statement, such as a charge for late payments or foreign transaction fees when you use your card out of the country.
Want more details? We compiled your best options here.
Alliant Visa® Signature Credit Card: Best for cash backBank of America® Travel Rewards credit card: Best for travelChase Freedom Flex Card: Best for rotating reward categories Capital One SavorOne Cash Rewards Credit Card: Best for food and entertainmentChase Sapphire Reserve Card: Best for high-class travelDiscover it® Cash Back: Best for having no annual fees
While you are searching for a new credit card, consider these expert picks for the best credit cards with no annual fee, best credit cards for good credit, and the best credit cards for your small business.
