Choosing the right reward-based credit card can be quite a challenge since there are so many options with different rates, benefits, and rules for earning and redeeming rewards. It’s important to make a wise choice, as missing out on a good card could cost you various benefits and even money. Here’s a look at our top 10 recommended reward credit cards:
**Chase Sapphire Preferred Card**
This card is a great option for those who frequently spend on travel and dining, thanks to its high reward rates and flexible redemptions. It also has an attractive sign-up bonus, travel perks, and a reasonable annual fee.
**Pros:**
– High rewards on various spending categories
– Travel and shopping protections included
**Cons:**
– Annual fee
– No introductory APR offer
**American Express Platinum Card**
Perfect for frequent travelers who enjoy luxury, this card offers premium perks like airport lounge access and allows you to earn Membership Rewards points.
**Pros:**
– High rewards in various categories
– Transfer partners available
– Luxury rewards
**Cons:**
– High annual fee of $695
– Complex rewards program
– Requires good or excellent credit
**Capital One Venture Rewards Credit Card**
This travel card provides 2-5 miles per dollar spent and a generous initial bonus. It’s known for its straightforward rewards system and competitive perks.
**Pros:**
– Lower annual fee compared to other premium cards
– Easy to earn and redeem reward miles
**Cons:**
– Limited domestic airline and premium hotel partners
– No hotel status benefits
**Citi Premier Card**
Highly recommended for earning rewards on everyday purchases. You get 3X points on categories like restaurants, supermarkets, hotels, and air travel.
**Pros:**
– Strong reward categories
– Rewards don’t expire
**Cons:**
– Annual fee
– Requires good or excellent credit
**Discover It Cash Back**
Good for moderate spenders who can take advantage of the 5% rotating categories and keep track of the quarterly spending cap.
**Pros:**
– Cashback match at the end of your first year
– No minimum for cashback redemption
**Cons:**
– $1,500 limit per quarter for 5% bonus cashback
– Bonus categories need to be activated every quarter
– Low consistent reward rate on other purchases
**Bank of America Premium Rewards Credit Card**
Designed for frequent travelers, especially those with significant account balances at Bank of America, offering flexibility and appealing rewards.
**Pros:**
– High sign-up bonus
– Great rewards for travel and dining
– Premium travel protections
**Cons:**
– Annual fee
– Requires good or excellent credit
**Wells Fargo Active Cash Card**
Offers a competitive flat-rate cash reward program with no annual fee, making it one of the best flat-rate cashback cards available.
**Hilton Honors American Express Surpass Card**
Provides very high points on Hilton purchases and other perks for those frequently staying at Hilton hotels.
**Chase Freedom Unlimited**
This card stands out with its straightforward cash-back program and no annual fee, making it a top choice.
**Southwest Rapid Rewards Premier Credit Card**
Ideal for those who often fly with Southwest Airlines.
When choosing a credit card, it’s essential to consider your spending habits and preferences. Always check the latest information on the credit card issuer’s website, as rewards and terms can change over time.