Best Rewards Credit Cards
Over the past several years credit card issuers have been doing everything they can to attract new customers. They have been increasing signup bonuses and offering higher rewards for certain purchases. With all of the cards available, it can be a little overwhelming to know which card might be right for you.
Here are some rewards cards to consider:
Chase Sapphire Preferred®
The Chase Sapphire Preferred® card is one of the best rewards card available and has been for several years now. One of the biggest draws to this card is that it’s part of the Chase Ultimate Rewards program. This gives cardholders the opportunity to transfer their points to several different programs including Hyatt, Southwest Airlines, United Airlines, Marriott and more. All of these transfer partners makes the value of each point extremely high.
- Signup Bonus – Chase recently increased the signup bonus to 50,000 points after you spend $4,000 within the first three months.
- Rewards – You will earn 2x points on travel and at restaurants. For all other purchases you will receive 1x points.
- APR – Purchase and balance transfers have a variable APR of 20.24% to 27.24%.
- Fees – The annual fee is $95, however it is waived for the first year. There are also no foreign transaction fees when you use your card outside of the United States.
Blue Cash Preferred® Card from American Express
If you want a credit card that is good for everyday spending then look into the Blue Cash Preferred® Card from American Express, a Credit Cards House advertiser. While this card doesn’t earn travel rewards, it does give you cash back on purchases. If you have a big family that spends a lot on groceries each year then you are going to like the large 6% cash back that you can receive from U.S. supermarkets. If you are looking for a cash back card then this is one of the best.
- Welcome Bonus – You will receive a $200 statement credit after you spend $1,000 within the first three months of being a cardholder.
- Rewards – You will receive 6% cash back on up to $6,000 worth of U.S. supermarket purchases annually. You will also receive 3% cash back at U.S. gas stations (no spending limits). For all other purchases you will receive 1%.
- APR – You will receive an introductory 0% APR on purchase and balance transfers for the first 12 months. After that it will be a variable APR of 18.49% to 29.49%.
- Fees – There is a $95 annual fee. For a balance transfer there is a fee of $5 or 3%, whichever is greater. If you are going to be using this card outside of the United States there a 2.7% foreign transaction fee.
Barclaycard Arrival Plus® World Elite Mastercard®
The Barclaycard Arrival Plus® World Elite Mastercard® is a favorite because of the flexibility you get when redeeming rewards. Instead of being restricted to just one airline or hotel you can use your rewards on anything travel related. You just need to make your travel arrangements and you can use your accumulated miles as a statement credit against those purchases. You’re also not restricted to just hotels and airlines; you can also use your miles for cruises, rental cars, and anything else related to travel.
- Signup Bonus – You will receive 60,000 miles after you spend $5,000 within the first 90 days of being a cardholder.
- Rewards – You will earn 2x miles on all purchases that you make. When you redeem your rewards you will receive 5% back into your account.
- APR – There is a 0% introductory APR on balance transfers for the first 12 billing cycles. After that the APR will be a variable 18.24% , 22.24% or 25.24%. For purchases there is no introductory period and the APR will be the same variable 18.24% , 22.24% or 25.24%.
- Fees – There is an $89 annual fee for this card that is waived the first year. There is also a 3% fee on all balance transfer made. If you are going to be using your card abroad there is no foreign transaction fee.
Capital One® Venture® Rewards Credit Card
The Capital One® Venture® Rewards Credit Card is similar to the Barclaycard Arrival Plus® World Elite Mastercard®. Instead of being restricted to just one airline or hotel, you can redeem your miles for any travel expense. The biggest difference between the two cards is that with the Venture cardt you don’t receive any of your miles back upon redemption like you do with the Barclaycard Arrival Plus® World Elite Mastercard®.
- Signup Bonus – You will receive 50,000 miles after spending $3,000 within 3 months of account opening.
- Rewards – You will receive 2x miles on all purchase and your miles will never expire.
- APR – The APR for both purchases and balance transfers is a variable 20.24% to 28.24%.
- Fees – There is a $95 annual fee with this card (which is waived for the first year). For balance transfers you will pay a fee of $10 or 3%, whichever is greater. There are no foreign transaction fees on any purchase made outside of the United States.
- Cardholders can now receive up to $100 in application fee credits for Global Entry or TSA Pre✓®.
- New card holders receive a metal Venture Card.
Whether you are interested in a credit card that offers airline rewards or the ability to earn free nights in hotels or you would rather earn cash back for each purchase you make, no matter what your goal is there is a reward credit card for you.
First published , last updated
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.