There are various types of rewards credit cards, each with its own unique earning rates, reward methods, and rules. Comparing these cards can be tricky, and picking the wrong one could mean missing out on benefits or even losing money. Here are our picks for the top 10 reward credit cards:
CHASE SAPPHIRE PREFERRED CARD
This card is great all-around, offering solid rewards and flexibility with redemptions. It’s perfect if you spend a lot on travel and dining, and has a reasonable annual fee. It stands out for its generous sign-up bonus and travel benefits, though it does have an annual fee and no introductory APR.
AMERICAN EXPRESS PLATINUM CARD
The American Express Platinum Card is ideal for frequent luxury travelers. It offers premium travel perks, airport lounge access, and plenty of rewards through Membership Reward points. However, it has a hefty $695 annual fee and a complicated rewards system.
CAPITAL ONE VENTURE REWARDS CREDIT CARD
The Capital One Venture Card is a top choice for travel rewards, giving you 2 to 5 miles per dollar spent. It has a lower annual fee than many rivals but lacks partnerships with domestic airlines and high-end hotels.
CITI PREMIER CARD
The Citi Premier Card is excellent for travel and daily expenses, giving you 3X points on travel, restaurants, supermarkets, and gas stations. It does come with an annual fee, though.
DISCOVER IT CASH BACK CARD
For moderate spenders, the Discover it Cash Back card is great if you can keep track of its 5% rotating categories and stay under the quarterly spending cap. It has no annual fee and can yield substantial rewards, though the bonus cashback is capped at $1,500 a quarter.
BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
Regular travelers who have significant balances with Bank of America will find this card’s flexible rewards valuable. It does have an annual fee, but it can be worth it for the perks.
WELLS FARGO ACTIVE CASH CARD
The Wells Fargo Active Cash card offers a flat 2% cash back on all purchases with no annual fee. While it provides highly competitive cash-back rates, it doesn’t have specific reward categories.
HILTON HONORS AMERICAN EXPRESS SURPASS CARD
This card is designed for those who frequently stay at Hilton hotels, offering significant points and perks on Hilton bookings. It does come with a high annual fee and penalty APR.
CHASE FREEDOM UNLIMITED
Chase Freedom Unlimited offers a simple cashback program with a consistent rate on all purchases and no annual fee. However, you need excellent credit to qualify.
SOUTHWEST RAPID REWARDS PREMIER CREDIT CARD
Frequent Southwest Airlines flyers might benefit from this card, which offers bonuses and anniversary rewards. It does have a relatively high regular APR and annual fee, and there’s no introductory APR.
To choose the best credit card for you, consider your spending habits, travel preferences, and financial goals. Always check for the latest terms, conditions, and rewards on the credit card issuer’s website before applying.