16 Best Rewards Credit Cards 2023

Rewards credit cards come in two main varieties: cash-back cards and travel cards.

Cashback cards reimburse you for a portion of each transaction’s cost. Each dollar you spend on a credit card with travel rewards earns you points or miles that can be redeemed for things like free flights and hotel stays. Each person need a different type of rewards card. It all depends on your spending habits and the kind of rewards you value.

Some of the top reward credit cards that we’ve chosen.

Table of Contents

Best Rewards Credit Cards

Our pick for

Travel rewards — flat-rate rewards

1.Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

ANNUAL FEE : – $95

REWARDS RATE : – 2x-5x Miles

INTRO OFFER : – 75000 Miles(Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.)

RECOMMENDED CREDIT SCORE : – 690 – 850

WHY WE LIKE IT : –

The Capital One Venture Rewards Credit Card is one of the most well-liked travel credit cards on the market for good reason—rewards are simple to earn and simple to use.

PROS AND CONS : –

Pros : –

When booking hotels and vehicle rentals with Capital One Travel, you receive 5 points for every dollar spent and 2 miles for every dollar spent on all other purchases. Most travel expenses are eligible for credit when miles are redeemed for them on your statement. There is no requirement for a minimum redemption value, and you are not limited to using a specific airline or hotel. Simply plan your own trip and use incentives to pay for it. You get off to a terrific start with the excellent sign-up incentive.

Cons : –

If you frequently travel on certain airlines or stay at certain hotels, one of those companies’ own cards can be more valuable to you. The choices for transferring miles with this card are limited to a few airline frequent flyer programmes.

PRODUCT DETAILS : –
  • Spend $4,000 on purchases within three months of account opening to receive a one-time bonus of 75,000 miles, which is equivalent to $750 in travel.
  • Earn daily, unlimited 2X miles on all purchases.
  • There is no cap on the number of miles you can earn, and they are valid for the duration of your account.
  • Receive a credit of up to $100 for TSA PreCheck® or Global Entry.
  • Through our Partner Lounge Network, enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges.
  • Earn 5X points when you reserve hotels and rental cars via Capital One Travel, where you can find the lowest rates on thousands of different travel alternatives.
  • Utilize your miles to receive a refund for any travel expenses, or redeem them by making travel arrangements with Capital One Travel.
  • Transfer your miles to any of the 15+ travel loyalty programmes of your choosing.

Our pick for

Cash back — bonus categories + high ongoing rate

2.Chase Freedom Unlimited®

Chase Freedom Unlimited®

ANNUAL FEE : – $0

REWARDS RATE : – 1.5%-6.5% Cashback

INTRO OFFER : – $300(Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) – worth up to $300 cash back!)

RECOMMENDED CREDIT SCORE : – 690 – 850

WHY WE LIKE IT : –

Even before it started offering 1.5% cash back on all transactions, the Chase Freedom Unlimited® card was a good choice. With additional benefits on travel booked through Chase, as well as at restaurants and pharmacies, it’s now even better. New cardholders also receive a fantastic bonus offer.

PROS AND CONS : –

Pros : –

This card offers 1.5% cash back on all other transactions, 3% cash back in restaurants and drugstores, and 5% cash back on travel booked via Chase. Those who apply for new cards through NerdWallet can receive the following sign-up bonus: Earn an additional 1.5% cash back on every purchase (up to $20,000 in the first year) for a total cash back of up to $300! If you like to take full advantage of your rewards, you can transfer them to one of Chase’s Sapphire cards to increase their worth by 25% or 50%.

Cons : –

This card offers substantial rewards on travel purchases, but it also levies a 3% foreign transaction tax, making it unsuitable for use abroad.

PRODUCT DETAILS : –
  • Earn an extra 1.5% cash back on all purchases (on up to $20,000 spent in the first year), up to $300 in cash back!
  • Enjoy 6.5% cash back on travel booked through Chase Ultimate Rewards®, our top rewards programme that lets you exchange points for cash back, travel, gift cards, and more; 4.5% cash back on drugstore purchases and dining out, including eligible takeout and delivery service; and 3% cash back on all other purchases (up to $20,000 in first-year spending).
  • 5% cash back on Chase travel purchased through Ultimate Rewards® after your first year or $20,000 in spending, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and an unlimited 1.5% cash back on all other purchases are all available to you.
  • No minimum is required to redeem cash back. The majority of U.S. bank and savings accounts allow you to select between receiving a statement credit and direct deposits. As long as your account is active, Cash Back rewards never expire!
  • Enjoy 0% introductory APR on purchases and balance transfers for 15 months after account activation; following that, a variable APR of 19.24% – 27.99% will apply.
  • No yearly charge is required to use all the wonderful benefits that come with your Freedom Unlimited® card.
  • Keep track of your credit health with the help of Chase Credit Journey, which gives you free access to your most recent score, real-time alerts, and more.

Our pick for

Travel rewards — bonus categories

3.Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

ANNUAL FEE : – $95

REWARDS RATE : – 1x-5x Points

INTRO OFFER : – 60,000 Points(Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®.)

RECOMMENDED CREDIT SCORE : – 690 – 850

WHY WE LIKE IT : –

For an affordable annual fee, the Chase Sapphire Preferred® Card offers exceptional value and versatility, including the option to transfer your earnings to well-known airline and hotel loyalty programmes.

PROS AND CONS : –

Pros : –

You receive 5 points for every $1 spent on all travel booked through Chase Ultimate Rewards®, 3 points for eligible dining purchases (including delivery and takeout), 2 points for select streaming services, and 1 point for other purchases. You do not receive points for travel booked through Target, Walmart, or wholesale clubs. When used for travel booked through Chase, points are worth 1.25 cents each. You may also transfer your points to various other reward programmes, such as United, Southwest, Marriott, and Hyatt. Additionally, the card offers a fantastic sign-up bonus.

Cons : –

The rewards you receive for your purchases are worthwhile in and of themselves, but if it’s benefits you’re after, like automatic travel credits, free checked bags on flights, or free hotel upgrades, look to a branded airline or hotel card or this card’s more expensive sibling, the Chase Sapphire Reserve®.

PRODUCT DETAILS : –
  • After making $4,000 in purchases during the first three months after account opening, earn 60,000 bonus points. When you redeem through Chase Ultimate Rewards®, that amounts to $700.
  • Take advantage of advantages including a $50 yearly Ultimate Rewards Hotel Credit, 5x on travel booked through Chase Ultimate Rewards®, 3x on dining, and 2x on all other travel-related transactions, among others.
  • When you use your Chase Ultimate Rewards® to book flights, lodging, rental cars, and cruises, you’ll receive 25% extra value. For instance, 60,000 points are equivalent to $750 in travel.
  • You may rely on insurance for things like lost luggage, auto rental collision damage waiver, and trip cancellation/interruption insurance.
  • When you activate by December 31, 2024, you’ll receive free access to DashPass, which enables $0 delivery fees and cheaper service fees for a minimum of one year.

Our pick for

Cash back — high flat rate + incentives

4.Wells Fargo Active Cash® Card

Wells Fargo Active Cash® Card

ANNUAL FEE : – $0

REWARDS RATE : – 2% Cashback

INTRO OFFER : – $200(Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months.)

RECOMMENDED CREDIT SCORE : – 690 – 850

WHY WE LIKE IT : –

Few other flat-rate cards can compare to the perks offered by the Wells Fargo Active Cash® Card, which begins with a generous and unlimited 2% cash back on every purchase.

PROS AND CONS : –

Pros : –

In addition to the fantastic flat cash-back rewards rate, new cardholders are also qualified for a sizeable sign-up bonus: After making $1,000 in purchases within the first three months, earn a $200 cash rewards bonus. There is a starter APR period as well.

Cons : –

A foreign transaction fee exists, which is typical of credit cards that offer cash back. If you’re willing to put up with their more complicated reward structures, you can locate cards with better rates on popular spending categories.

PRODUCT DETAILS : –
  • Spend $1,000 in purchases within the first three months to receive a $200 cash rewards incentive.
  • Earn 2% cashback on purchases indefinitely.
  • 0% introductory APR for 15 months after account opening on purchases and qualifying balance transfers, followed by 19.24%, 24.24%, or 29.24% variable APR; balance transfers made within 120 days are eligible for the introductory rate and charge of 3%, followed by a BT fee of up to 5%, minimum: $5.
  • $0 annual fee
  • Cash awards don’t expire as long as your account is open, and there are no categories to remember or keep track of.
  • With Visa Signature Concierge, take advantage of a premium range of advantages at a number of the world’s most intriguing and prestigious hotel establishments.
  • When you pay your monthly cell phone bill with an eligible Wells Fargo card, you can receive up to $600 in damage or theft protection for your phone. (with a $25 deductible).

Our pick for

Dining and groceries + no annual fee

5.Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

ANNUAL FEE : – $95

REWARDS RATE : – 1%-10% Cashback

INTRO OFFER : – $200(Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening.)

RECOMMENDED CREDIT SCORE : – 690 – 850

WHY WE LIKE IT : –

Whether a person prefers to cook at home or eat out, the Capital One SavorOne Cash Rewards Credit Card has no annual fee and is a powerful card for foodies.

PROS AND CONS : –

Pros : –

On Capital One Entertainment purchases, the card earns 8% cash back, while dining, grocery shopping, qualified streaming services, and entertainment earn 3% cash back. (1% off of additional purchases.) This is a unique and amazing combination of prize categories. There is also a sizable sign-up bonus and an introductory APR offer.

Cons : –

Other cards with higher rewards rates in one of those areas may be a better fit if your spending is more concentrated on dining OR grocery.

PRODUCT DETAILS : –
  • After spending $500 on purchases during the first three months after account opening, receive a one-time $200 cash incentive.
  • Earn 1% cash back on all other purchases in addition to an unlimited 3% cash back on restaurants, entertainment, popular streaming services, and grocery stores (but not superstores like Walmart® and Target®).
  • Earn complimentary Uber One membership statement credits and 10% cash back on purchases made through Uber and Uber Eats through November 14, 2024.
  • On Capital One Entertainment purchases, get 8% cash back.
  • There is no international transaction fee.
  • No yearly charge.
  • 15 months of 0% introductory APR on purchases and credit transfers; thereafter, a variable APR between 19.24% and 29.24%; On transfers made within the first 15 months, there is a 3% fee.
  • There are no sign-ups or rotating categories required to earn cash rewards, and the amount you can earn is unlimited and cash back never expires.
  • Earn an unlimited 5% cash back on all lodging and auto rentals made through Capital One Travel, where you’ll find the company’s lowest rates on a huge selection of travel alternatives.Terms apply.

Our pick for

Cash back — families (groceries, gas, commuting, streaming)

6.Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express

ANNUAL FEE : – $0 intro annual fee for the first year, then $95.

REWARDS RATE : – 1%-6% Cashback

INTRO OFFER : – $250 (Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.)

RECOMMENDED CREDIT SCORE : – 690 – 850

WHY WE LIKE IT : –

The Blue Cash Preferred® Card from American Express is an excellent choice if transportation, gas, and/or groceries rank high on your list of regular purchases.

PROS AND CONS : –

Pros : –

In addition to industry-leading rewards at American supermarkets (6% cash back on up to $6,000 in annual expenditure, then 1%), this card also offers 3% cash back at American gas stations and on public transportation (including such things as taxis, rideshares, buses, trains, tolls and parking). Additionally, for a few U.S. streaming subscriptions, you receive 6% cash back. 1% of all other purchases are reimbursed. An inviting offer heightens the attractiveness.

Cons : –

Although there is a hefty annual fee for this card, the cash back will make up for it if you shop at U.S. supermarkets at least $31 every week. Due to the fact that it is from American Express, you can run into issues utilising it in various locations.

PRODUCT DETAILS : –
  • After making $3,000 in purchases with your new Card within the first six months, you will receive a $250 statement credit.
  • First year’s yearly fee is free; thereafter, it costs $95.
  • Purchase Now, Pay Later When you utilise Plan It® to break up large purchases into monthly instalments, you can save $0 initial plan fees. On plans made within the first 12 months after account opening, pay no intro plan costs. After that, depending on the length of the plan, the APR that would otherwise be applicable to the purchase, and other variables, plans made after that will have a monthly plan fee up to 1.33% of each qualifying purchase amount transferred into a plan.
  • Low introductory APR: 0% for 12 months on purchases made after the account was opened, followed by a variable rate ranging from 18.24% to 29.24%.
  • 6% Cash Back at American supermarkets on up to $6,000 in purchases annually (after that, 1%).
  • On a few U.S. streaming services, you can get 6% Cash Back.
  • Gas stations in the United States and transit (such as taxis/rideshare, parking, tolls, trains, buses, and more) both provide 3% Cash Back.
  • On all other purchases, get 1% Cash Back.
  • Have you considered purchasing The Disney Bundle, which combines Disney+, Hulu, and ESPN+? Your choice is made simple when you receive a bill credit for $7 per month after using your Blue Cash Preferred Card to pay $13.99 or more each month for a qualifying membership. enrollment is necessary.
  • Reward Dollars, which can be redeemed for a statement credit, are received as Cash Back.

Our pick for

Cash back — bonus categories + cash-back match

7.Discover it® Cash Back

Discover it® Cash Back

ANNUAL FEE : – $0

REWARDS RATE : – 1%-5% Cashback

INTRO OFFER : – Cashback Match™ (Match Cashback with No Limits – only from Discover. At the end of your first year, Discover will automatically double all the cash back you’ve earned! There is no minimum or maximum prize amount. You could exchange $150 in cash for $300.)

RECOMMENDED CREDIT SCORE : – 690 – 850

WHY WE LIKE IT : –

This card is a winner all around thanks to the bonus categories, $0 annual fee, and new-cardmember incentive. Additionally, there is a strong 0% intro APR offer that includes 15 months of 0% intro APR on purchases and balance transfers followed by an ongoing APR of 16.24%-27.24% Variable APR.

PROS AND CONS : –

Pros : –

With the help of this card’s extensive bonus categories, which you can activate every three months, you can earn 5% cash back at establishments including restaurants, supermarkets, and gas stations. (The 5% incentives are limited to $1,500 in quarterly expenditure; thereafter, you receive 1%.) Additionally, there is a unique sign-up bonus: Offer: Only from Discover, get unlimited cashback matching. At the end of your first year, Discover will automatically double all the cash back you’ve earned! There is no minimum or maximum prize amount. You could exchange $150 in cash for $300.

Cons : –

It can be difficult to remember to sign up for the shifting incentive categories every three months.

PRODUCT DETAILS : –
  • Intro Offer: Only from Discover, get unlimited cashback matching. At the end of your first year, Discover will automatically double all the cash back you’ve earned! There is no minimum or maximum prize amount. You could exchange $150 in cash for $300.
  • Earn up to the quarterly maximum when you activate, 5% cash back on regular purchases at various locations every quarter, including Amazon.com, supermarkets, dining establishments, and gas stations. Additionally, automatically receive limitless 1% cash back on all other purchases.
  • Your personal information can be deleted by Discover from some people-search websites. Free activation with a smartphone app.
  • You can redeem $1 for every $1 in cash back that you earn.
  • Get a 15-month 0% introductory APR on purchases. Then, dependent on credit eligibility, a Standard Variable Purchase APR of 16.24% to 27.24% is applicable.
  • No yearly charge.

Our pick for

Cash back — 5% categories tailored to your spending

8.Citi Custom Cash℠ Card

Citi Custom Cash℠ Card

ANNUAL FEE : – $0

REWARDS RATE : – 1%-5% Cashback

INTRO OFFER : – $200 (Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.)

RECOMMENDED CREDIT SCORE : – 690 – 850

WHY WE LIKE IT : –

A variation on current 5%-back credit cards is provided by the Citi Custom CashSM Card: Instead than relying on changing quarterly bonus schedules, you’ll automatically receive 5% back based on how much money you spend. Rules apply. This makes it a low-maintenance choice that may be worthwhile.

PROS AND CONS : –

Pros : –

With this card, your highest-spend category purchases up to $500 can earn you 5% cash back each billing cycle (from a list of eligible options). These choices also fall under well-liked spending categories including eating establishments, groceries, streaming services, specific travel charges, and more. For a $0 annual charge, there is also a sign-up bonus and an introductory APR period.

Cons : –

The amount of cash back you can earn will be constrained by the monthly spending limits on your 5% rate. Additionally, you will only get 1% back on any additional purchases that are not part of your one bonus category.

PRODUCT DETAILS : –
  • No yearly charge.
  • Spend $1,500 on purchases within the first six months of opening your account to receive $200 in cash back. 20,000 ThankYou® Points, which may be exchanged for $200 in cash back, will be the form in which this bonus offer is delivered.
  • For 15 months, purchases and balance transfers have a 0% intro APR. After that, depending on your creditworthiness, the variable APR will range from 18.24% to 28.24%.
  • Each billing cycle, get 5% cash back on purchases in your top qualified spend category, up to the first $500 spent, and 1% cash back on all other purchases. Earn 1% cash back on all additional purchases indefinitely.
  • There are no rotating bonus categories to register for because your earnings are adjusted automatically when you spend in any of the qualifying areas each billing cycle as your spending changes.
  • Per person, Citi will only issue one Citi Custom CashSM Card account.

Our pick for

Road trips

9.U.S. Bank Altitude® Connect Visa Signature® Card

U.S. Bank Altitude® Connect Visa Signature® Card

ANNUAL FEE : – $0 intro for the first year, then $95

REWARDS RATE : – 1x-5x Points

INTRO OFFER : – 50,000 Points (Spend $2,000 on qualifying purchases within the first 120 days after account opening to receive 50,000 bonus points. That is a $500 value that can be used to purchase goods, gift cards, vacation, cash back, and more.)

RECOMMENDED CREDIT SCORE : – 720 – 850

WHY WE LIKE IT : –

Travelers, especially those who hit the open road regularly, should consider the U.S. Bank Altitude® Connect Visa Signature® Card. Additionally, it receives respectable awards in a number of other regular categories, and its reoccurring credits might help make up for the annual price.

PROS AND CONS : –

Pros : –

Earn a staggering 4X back on travel and purchases at gas stations and EV charging stations, as well as 5X back on pre-paid hotel and car rental reservations made through the Altitude Rewards Center. Additionally, you can earn 2X back for every $1 spent at grocery stores, in restaurants, and on eligible streaming services. There is an annual cost of $95 after the initial year of $0 intro. However, there is also a sizable sign-up bonus and other benefits.

Cons : –

You may be able to find cards with higher rates if you spend a lot on groceries, eating, and streaming. Additionally, you cannot transfer your points earned with this card to its more expensive brother, the U.S. Bank AltitudeTM Reserve Visa Infinite® Card, in order to benefit from the higher point values offered by that card for qualified trip redemption through U.S. Bank.

PRODUCT DETAILS : –
  • Intro Offer: Spend $2,000 on qualifying purchases within the first 120 days after account opening to receive 50,000 bonus points. That is a $500 value that can be used to purchase goods, gift cards, vacation, cash back, and much more.
  • Direct reservations for pre-paid hotels and auto rentals made through the Altitude Rewards Center earn 5X points.
  • Travel, gas stations, and EV charging stations all earn 4X points.
  • points are doubled for streaming services. A $30 credit is also included for annual streaming subscriptions to services like Netflix, Hulu, Spotify®, Apple Music, Disney+, HBO Max, and others!
  • 2X points are awarded for eating out and supermarket deliveries.
  • Once every four years, get up to $100 in statement credits to go toward your TSA PreCheck® or Global Entry® application fee.
  • All other eligible purchases earn 1X points.
  • Points never expire.
  • Pay over time with the U.S. Bank ExtendPayTM Plan by dividing eligible purchases worth $100 or more into equal monthly instalments.

Our pick for

Cash back — up to 5% in multiple categories + cash bonus

10.Chase Freedom Flex℠

Chase Freedom Flex℠

ANNUAL FEE : – $0

REWARDS RATE : – 1%-5% Cashback

INTRO OFFER : – $200 (Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.)

RECOMMENDED CREDIT SCORE : – 690 – 850

WHY WE LIKE IT : –

In addition to hefty incentive offers for new cardholders, the Chase Freedom FlexSM gives rewards up to 5% in particular areas (some of which vary quarterly and some of which don’t). It’s a rich card if you’re ready to put in a little effort.

PROS AND CONS : –

Pros : –

This card offers 5% cash back in rotating bonus areas every three months (up to $1,500 in spending per quarter, after which it earns 1%); 5% on travel booked via Chase; 3% cash back at dining establishments and drugstores; and 1% on all other transactions. This sign-up bonus is available to new cardholders: Spend $500 on purchases within the first three months of creating your account to receive a $200 Bonus. Finally, you can move your earnings to a Chase Sapphire card for more flexibility and value if you already have one.

Cons : –

It can be difficult to activate and keep track of the additional categories. Check out the Chase Freedom Unlimited® for a choice that eliminates the 5% categories in exchange for a higher continuing rate on “anything else.” Additionally, it has a foreign transaction fee, making it a poor option for international travel.

PRODUCT DETAILS : –
  • Spend $500 on purchases within the first three months of creating your account to receive a $200 Bonus.
  • Each quarter you activate, you’ll receive 5% cash back on up to $1,500 in combined purchases in bonus areas. every quarter, enjoy new 5% categories!
  • Chase Ultimate Rewards®, our top rewards programme that allows you to exchange points for cash back, travel, gift cards, and more, offers 5% cash back on all travel purchases.
  • 3% cash back at pharmacies and restaurants, including delivery services and takeout, and an unlimited 1% cash back on all other transactions.
  • No minimum is required to redeem cash back. The majority of U.S. bank and savings accounts allow you to select between receiving a statement credit and direct deposits. As long as your account is active, Cash Back rewards never expire!
  • 0% Intro APR on purchases and balance transfers for 15 months after account establishment, followed by a variable APR ranging from 19.24% to 27.99%.
  • No annual cost – The fantastic features that come with your Freedom Flex℠ card are entirely yours without having to pay an annual fee.
  • Monitor the state of your credit with the help of Chase Credit Journey, which offers free access to your most recent score, real-time alerts, and more.

Our pick for

Cash back — high flat rate

11.Citi® Double Cash Card

Citi® Double Cash Card

ANNUAL FEE : – $0

REWARDS RATE : – 1%-2% Cashback

INTRO OFFER : – N/A

RECOMMENDED CREDIT SCORE : – 690 – 850

WHY WE LIKE IT : –

Earning cash back is easy and rewarding with the Citi® Double Cash Card. This is the cash back card to use if you want one that won’t cause you too much difficulty.

PROS AND CONS : –

Pros : –

This card’s worth is largely derived on its fantastic rewards rate, which is 2% cash back on purchases (1% when you make a purchase and 1% when you pay it off).

Cons : –

There is no sign-up bonus, and some cards give larger cash back percentages in particular areas.

PRODUCT DETAILS : –
  • Earn 2% on each purchase while receiving an unlimited 1% cash back when you make a purchase and an additional 1% once you pay for it.
  • Pay at least the minimum amount due on time to receive cash back.
  • Offer limited to balance transfers: 18 months at 0% intro APR on balance transfers. After that, depending on your creditworthiness, the variable APR will range from 18.24% to 28.24%.
  • Cash back is not awarded for balance transfers. Purchases are not subject to the intro APR.
  • Unless you pay your whole balance (including balance transfers) by the due date each month, interest will be applied to your purchases if you transfer a balance.
  • A one-time intro balance transfer fee of 3% of any transfer made within the first four months of account setup (minimum $5) applies. After that, each transfer will incur a cost of 5% (minimum $5).

Our pick for

Flexible foodie rewards + no annual fee

12.U.S. Bank Altitude® Go Visa Signature® Card

U.S. Bank Altitude® Go Visa Signature® Card

ANNUAL FEE : – $0

REWARDS RATE : – 1x-4x Points

INTRO OFFER : – 20,000 Points

RECOMMENDED CREDIT SCORE : – 720 – 850

WHY WE LIKE IT : –

For an unbelievable $0 annual fee, the U.S. Bank Altitude® Go Visa Signature® Card offers rewards at restaurants that are difficult to top as well as benefits at supermarkets, gas stations, and EV charging stations that are respectable. Its rate at restaurants is comparable to those of other cards, although their annual fees range from $95 to almost $500.

PROS AND CONS : –

Pros : –

Earn 4 points for every $1 spent at restaurants, including takeout and delivery, 2 points at supermarkets (including grocery delivery), 1 point at gas stations, 2 points at EV charging stations, and 1 point at streaming services. On qualified streaming services, there is also a bonus, an introductory APR term, and an annual credit. Additionally, points are worth one cent each no matter how they are redeemed, including for cash back.

Cons : –

There are no additional points for spending on “entertainment” purchases like movies, athletic events, live music, amusement parks, etc., unlike some other dining cards. The benefits from this card cannot be combined with those from other U.S. Bank Altitude cards.

PRODUCT DETAILS : –
  • Intro Offer:Spend $1,000 on qualifying purchases within the first 90 days after account opening to receive 20,000 bonus points. That is a $200 value that can be used for travel, gift cards, cash back, goods, and more.
  • 4X points on dining out, delivery, and takeaway.
  • points are doubled for streaming services. A $15 credit is also included for annual streaming subscriptions to services like Netflix, Hulu, Spotify®, Apple Music, Disney+, HBO Max, and others!
  • 2X points at gas stations, supermarket delivery services, grocery stores, and EV charging locations.
  • All other eligible purchases earn 1X points.
  • For the first 12 billing cycles, there is a 0% Introductory APR on purchases and debt transfers. After that, a variable APR—currently between 19.24% and 28.24%—takes effect.
  • No yearly charge.
  • Points never expire.

Our pick for

Cash back — maximum customization potential

13.U.S. Bank Cash+® Visa Signature® Card

U.S. Bank Cash+® Visa Signature® Card

ANNUAL FEE : – $0

REWARDS RATE : – 1%-5% Cashback

INTRO OFFER : – $200 ($200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening.)

RECOMMENDED CREDIT SCORE : – 690 – 850

WHY WE LIKE IT : –

For those who don’t mind (or even love) actively maintaining their credit card accounts, the U.S. Bank Cash+® Visa Signature® Card is a potentially rewarding option thanks to its distinctive rewards programme.

PROS AND CONS : –

Pros : –

A unique revolving category card: Your bonus categories are up to you. You can earn unlimited 2% cash back in a “everyday” category of your choice, 5% cash back in two areas of your choosing on combined spending up to $2,000 per quarter, and 1% on all other non-bonus category spending. There is a sizable sign-up bonus, and there is no annual charge.

Cons : –

It takes work to rotate category cards, and this one requires more labour because you have to choose your categories every three months. If you don’t, you’ll only get paid 1%. You can have problems maximising bonus points because the 5% categories tend to be more specialised than on comparable cards.

PRODUCT DETAILS : –
  • After making $1,000 in qualifying purchases within the first 120 days of account opening, you’ll receive a $200 incentive.
  • Your first $2,000 in combined qualified purchases across two categories of your choice will earn you 5% cash back each quarter.
  • 5% cash back on direct bookings of prepaid flight, hotel, and vehicle reservations.
  • 2% cash back on one regular category, such as grocery stores, restaurants, and gas stations with EV charging stations.
  • On all other qualified purchases, get 1% cash back.
  • For the first 15 billing cycles, there is a 0% Introductory APR on purchases and debt transfers. Then, a variable APR, now between 18.74% and 28.74%.
  • No yearly charge.

Our pick for

College students

14.Discover it® Student chrome

Discover it® Student chrome

ANNUAL FEE : – $0

REWARDS RATE : – 1%-2% Cashback

INTRO OFFER : – Unlimited Cashback Match – exclusive to Discover. At the end of your first year, Discover will automatically double all the cash back you’ve earned! Therefore, you could exchange $50 in cash for $100. or increase $100 to $200. There is no minimum or maximum prize amount. Just a match dollar for dollar.

RECOMMENDED CREDIT SCORE : – 630 – 689

WHY WE LIKE IT : –

For college students, Discover provides two excellent cards. With its low-maintenance rewards system and student-friendly bonus categories, the Discover it® Student chrome shines. Additional benefits include cheap costs, a free FICO score, and forgiveness for your first late payment. Additionally, Discover claims that this card does not require a FICO history.

PROS AND CONS : –

Pros : –

For up to $1,000 in combined purchases per quarter at restaurants and petrol stations, you can earn 2% cash back there and 1% cash back anywhere else. (You don’t need to “activate” your bonus rewards, in contrast to Discover’s other student card.) There is no yearly charge. Additionally, Discover offers its renowned bonus to new cardholders.

Cons : –

Discover is not as readily accepted abroad as other cards, despite the fact that there is no foreign transaction fee. If you intend to travel abroad, be sure to prepare a backup strategy.

PRODUCT DETAILS : –
  • No credit score required to apply.
  • Unlimited Cashback Match – only from Discover. At the end of your first year, Discover will automatically double all the cash back you’ve earned! Therefore, you could exchange $50 in cash for $100. or increase $100 to $200. There is no minimum or maximum prize amount. Just a match dollar for dollar.
  • On combined purchases of up to $1,000 at gas stations and restaurants each quarter, earn 2% cash back. Additionally, automatically receive limitless 1% cash back on all other purchases.
  • Your personal information can be deleted by Discover from some people-search websites. Free activation with a smartphone app.
  • With appropriate use and no annual cost, you can improve your credit.
  • 6 months of 0% intro APR on purchases are followed by a 17.24%–26.24% variable purchase APR as normal.

Our pick for

Airline credit card

15.Delta SkyMiles® Gold American Express Card

Delta SkyMiles® Gold American Express Card

ANNUAL FEE : – $0 intro for the first year, then $99

REWARDS RATE : – 1x-2x Miles (Earn 2X Miles on purchases made with a Delta credit card in American supermarkets and restaurants around the world, including takeout and delivery services. Earn 1X Mile on all additional qualifying purchases. Rules Apply.)

INTRO OFFER : – 40,000 Miles (Earn 40,000 bonus miles after you spend $2,000 in purchases on your new Card in your first 6 months. Terms Apply.)

RECOMMENDED CREDIT SCORE : – 690 – 850

WHY WE LIKE IT : –

With the Delta SkyMiles® Gold American Express Card, you may quickly accrue rewards because you receive double miles on both everyday spending categories and Delta purchases. Additionally, if you travel frequently and not always light, the premium checked-bag advantage can save you hundreds of dollars annually.

PROS AND CONS : –

Pros : –

You will accrue two miles for every $1 spent in restaurants and U.S. supermarkets, one mile for every dollar spent elsewhere, and two miles for all other purchases. Rules apply. A fantastic welcome incentive is available to new cardholders as well. Additionally, this card offers a complimentary checked bag for you and up to eight additional passengers going on your reservation if you like to travel in groups. A priority boarding slot is also yours.

Cons : –

You have few options if you want to use your miles to book a flight, much like with other co-branded airline cards. Although there are no foreign transaction fees, AmEx is less generally accepted abroad than Visa and Mastercard because it is an American Express card.

PRODUCT DETAILS : –
  • After making $2,000 in purchases with your new Card in the first six months, earn 40,000 bonus miles.
  • Enjoy a free first checked bag when flying with Delta.
  • Earn 2X Miles on purchases made with a Delta credit card in American supermarkets and restaurants around the world, including takeout and delivery services.
  • Earn 1X Mile on all additional qualifying purchases.
  • After making $10,000 in purchases with your Card in a single calendar year, you’ll get a $100 Delta Flight Credit that can be applied to upcoming travel.
  • Enjoy a first-year Annual Fee of $0 before it increases to $99.

Our pick for

Hotel credit card

16.World of Hyatt Credit Card

World of Hyatt Credit Card

ANNUAL FEE : – $95

REWARDS RATE : – 1x-9x Points (Earn up to 9 points overall for every $1 spent at Hyatt, including 4 bonus points for using your card at Hyatt hotels and 5 base points for joining the World of Hyatt. For every $1 spent at restaurants, on plane tickets bought straight from the airlines, on local transportation and commuting, and on fitness centre and gym memberships, you’ll get two bonus points.)

INTRO OFFER : – 30,000 Points (After you spend $3,000 on purchases during the first three months of opening your account, you will receive 30,000 Bonus Points. Additionally, you can earn an additional 30,000 Bonus Points by spending up to $15,000 in the first six months of your account creation and earning 2 Bonus Points for every $1 you spend on purchases that typically yield 1 Bonus Point.)

RECOMMENDED CREDIT SCORE : – 630 – 850

WHY WE LIKE IT : –

Hyatt may not be as well-known as some of its rivals, but anyone who frequently stays in hotels should give the World of Hyatt Credit Card some thought because of the exceptional value it offers.

PROS AND CONS : –

Pros : –

Earnings are divided as follows: Hyatt earns 4 points for every dollar spent, 2 points for a variety of typical spending categories (see the tab for product specifics), and 1 point for all other purchases. Additionally, Hyatt points are substantially more valuable than most other hotel points. Every anniversary year, you receive one free night, and if you spend $15,000 a year, you can earn another. A respectable sign-up bonus, automatic elite status, and more are available.

Cons : –

You won’t have as many options with the Hyatt hotel card as you would with other hotel cards because of its relatively small footprint—850 establishments as opposed to 5,000 or more for other chains.

PRODUCT DETAILS : –
  • After you spend $3,000 on purchases during the first three months of opening your account, you will receive 30,000 Bonus Points. Additionally, up to 30,000 More Bonus Points can be earned by spending up to $15,000 in the first six months of account opening and earning 2 Bonus Points for every $1 spent on purchases instead of 1 Bonus Point.
  • Free World of Hyatt Discoverist status is available as long as your account is active.
  • After your Cardmember anniversary, you will receive 1 complimentary night each year at any Category 1-4 Hyatt hotel or resort.
  • After your account is opened, and each year after that for as long as your account is open, you will receive five tier qualifying nights toward status.
  • Spend $15,000 in a calendar year at any Category 1-4 Hyatt hotel and get a free night extra.
  • Every time you use your card to make a $5,000 purchase, you’ll receive two qualifying night credits toward tier status.
  • As a World of Hyatt member, you can accrue up to 9 points for Hyatt stays: 4 Bonus Points for every $1 spent at Hyatt hotels, and 5 Base Points for every $1 spent elsewhere with Hyatt.
  • Earn two bonus points for every dollar spent at restaurants, on direct airline ticket purchases, on local transportation and commuting, and on fitness centre and gym subscriptions.

DETERMINING THE RIGHT KIND OF REWARDS CARD FOR YOU

It might be difficult to choose the best rewards credit card because there are so many options available. Approaching the procedure methodically will make it simpler.

Rewards cards aren’t for everyone

Choosing whether or not a rewards card is appropriate for you is the first step. Although there are a few possibilities for people with fair or even low credit, the greatest rewards credit cards require good to exceptional credit, which is often described as a credit score of 690 or higher.

If you make a monthly full payment on all of your bills, a rewards card makes sense. You might be better served with a low-interest credit card or a balance-transfer credit card that would allow you to pay down your debt over a set period of time with 0% interest. If you carry a balance from month to month, the interest you’ll pay can soon wipe out the value of your incentives.

Look at both ‘earn’ and ‘burn’

You should look for a rewards credit card that makes sense from both a “earn” and “burn” perspective. This refers to a credit card that rewards you for the type of expenditure you engage in and that provides you with redeemable prizes (burn). For someone who lives in a small studio apartment, collecting 5% cash back at home improvement businesses, for instance, would not be very helpful. Additionally, airline points are essentially useless if you never fly.

The best option will also rely on how much work you’re ready to put into understanding a card’s built-in benefits and a rewards programme. Your choice may also be influenced by sign-up bonuses and annual fees.

‘Best’ is a personal matter

There isn’t a single “best” rewards card for everyone because of these considerations. Best may be a straightforward cash-back card with a fixed rate, an expensive travel card with plenty of perks, or anything in the middle. Give cash back special thought if you’re having problems choosing a rewards card type. According to a NerdWallet survey, cash-back credit cards are preferable than travel cards for the majority of individuals.

HOW TO COMPARE REWARDS CARDS

We’ve talked about how to assess a credit card’s rewards programme. But when selecting a rewards credit card, rewards rates aren’t the only thing to take into account.

Annual fee

Annual fees are frequently assessed on the credit cards with the best rewards. Particularly with regard to travel credit cards, this is the case. Typical annual costs might range from $90 to over $500. Although some individuals are adamantly opposed to paying them, annual fees may be worthwhile (or even a good deal) if the benefits and benefits you receive outweigh the price. Additionally, some credit cards waive the annual fee for the first year.

The majority of cash-back credit cards have no yearly fee. You can find nice travel cards without an annual fee, but they typically have lower rewards rates and sign-up incentives than their full-price sibling cards.

Sign-up bonus

Sign-up bonuses, sometimes referred to as welcome offers, might award you with a sizable sum of cash, hundreds of thousands of points, or miles in exchange for making a set amount of purchases within the first few months that you use the card. Don’t focus just on the potential windfall, though. Pay close attention to the necessary expenses as well. Generally speaking, you will have to invest more to obtain a bonus the larger it is. To receive a bonus, avoid overspending.

0% intro APR period

The general rule with rewards cards is that you shouldn’t carry a balance from month to month, but some of them offer promotional 0% APR periods on new purchases, balance transfers, or both. If you need some time to pay off a large purchase that is coming up, a 0% term may be helpful (which could also help you earn the sign-up bonus).

Foreign transaction fees

Look for a card that doesn’t impose a surcharge on purchases made outside of the U.S. if you frequently travel abroad or plan to do so. The average foreign transaction fee is 3% of the purchase price. These fees are frequently assessed by cash-back cards, but a decent travel card won’t.

Perks

The benefits of using a credit card are rewards. Simply having the card entitles you to benefits, which, depending on the card, may be even more valuable than rewards. The benefits of travel cards in particular are well established. Examples include:

  • Automatic credit for travel expenses : A number of general travel cards provide hundreds of dollars in travel expense reimbursement each year. This might apply to general travel-related purchases or to more specific outlays like airfare or Uber rides.
  • Airport lounge access : When you fly, the three largest airlines (American, Delta, and United) all offer premium credit cards with hefty annual fees that grant you access to their airport lounges. Some airline cards with lower annual fees also grant you reduced or restricted access. You can access lounges using a variety of general travel cards, including Priority Pass, which is a global network. Even American Express has its own network of lounges.
  • Free checked bags and priority boarding : These benefits, which are exclusive to airline cards, make travelling more simpler because you don’t have to cram everything into a carry-on to avoid a bag fee, and you don’t have to compete with other passengers for overhead bin space because you’re among the first to enter the aircraft. Some cards’ yearly fees can be readily covered by the free checked bag benefit alone.
  • Free nights and other amenities : Hotel chain credit cards come with benefits that are unmatched by other travel credit cards. Some of them offer you one complimentary night every year, which might instantly offset the cost of the card. Free breakfast, free internet, and early or late check-in and check-out are additional perks.

PROS AND CONS OF REWARDS CARDS

Pros

  • Purchases work harder for you when you use rewards cards : The equivalent of discovering spare coin every day in your couch cushions is earning incentives for every dollar you spend. When you save up that change, you can soon start talking about actual money.
  • They help you to travel more frequently or more opulently while saving money : Credit cards with travel rewards programmes can help you upgrade to a suite, seat in first class, or bypass the lengthy security wait. You may travel for less money even if you don’t use points to travel like an Instagram influencer.
  • They may be able to protect you if your trip is ruined : If your bags are misplaced, your flight is considerably rescheduled or cancelled, or you have to cut your trip short due to a sickness or family emergency, many travel cards will reimburse you. Many provide insurance for your rental automobile as well. You won’t pay any further fees for any of this.

Cons

  • Rewards cards typically have higher APRs : This means that as time goes on, credit card debt will cost you more. Look for a card with a 0% introductory APR offer if you want to pay off a large purchase over time. Generally speaking, only make purchases using a rewards card if you can pay for them in full when your statement arrives.
  • Annual fees add up : especially if you have several reward cards with you.

MAKING THE MOST OF YOUR REWARDS CARD

Use the card for the bulk of your spending : To earn rewards more quickly, charge all of your regular expenses—including monthly bills—to the card. Adding value to your routine purchases is the power of a rewards card. Make sure you can meet the spending minimum needed to qualify for the sign-up bonus before applying for a card. Never go overboard with your spending only to get rewards.

Redeem rewards thoughtfully : Use your rewards wisely to get the most out of them. With travel cards, redeeming for travel expenses typically yields a higher redemption rate than choosing cash back. The maximum redemption rate for statement credit may be offered by cash-back cards, but the rate is lower if you choose to exchange your points for gift cards. Some rewards have a valuable rate for transfer to travel partners like flights and hotels. Discover your options and the value of your rewards.

Frequently asked questions

How do rewards credit cards works ?

• The issuer of a cash-back credit card “pays you back” a specific portion of each purchase. For instance, if you spend $100 on anything and your card offers 1.5% cash back on all purchases, you would receive $1.50 in cash back.

• When you use a points or miles credit card, the issuer will award you a predetermined number of reward points (commonly referred to as “miles” on airline and travel credit cards) for each dollar you spend. The card determines how you utilise the points or miles. Typical redemption possibilities include products, gift cards, and travel.

With the majority of rewards cards, you may choose when and how to redeem your accrued rewards by viewing them on your monthly statement or through your online account portal.

What can I do with credit card rewards?

• You can often exchange cash-back points for a statement credit that lowers your balance. Your incentives might alternatively be mailed to you as a check or placed into a bank account.

• Although travel is the most popular use for points or miles, you may also be able to exchange them for gift cards, merchandise, or cash back. You often use your rewards for free travel or room upgrades for credit cards that have the name of an airline or hotel chain. You can transfer points from some credit cards with bank logos into hotel or airline loyalty programmes.

How many credit card rewards points can I earn?

The number of points, miles, or cash back you can earn with a credit card is typically unbounded. Some cards do have a cap on the amount of purchases that qualify for additional benefits, or higher rewards granted in certain categories, but if you reach that cap, you still receive points at the base rate. A card might, for instance, give 3% rewards on the first $6,000 of annual expenditure and 1% thereafter.

How much are credit card rewards points worth? 

Each point or mile has a different value depending on the card that issued it and how you use it. Though you can undoubtedly receive a larger (or lower) value, it’s beneficial to conceive of points and miles as being worth an average of one cent each.

Depending on the card that issued the point or mile and how you use it, each one has a varied value. It’s helpful to think of points and miles as being worth an average of one cent each, even though you can surely obtain a larger (or lower) value.

What credit score do I need to get a rewards credit card? 

For approval, the top rewards credit cards often need good to outstanding credit. A credit score of 690 or higher is typically considered to be good credit. However, there are several respectable rewards-bearing credit cards available for those with fair or even poor credit. Remember that your application will take into account more than just your credit score. Each issuer has unique requirements for approval.

Are credit card rewards taxable?

Rewards from credit cards are often tax-free. Because the IRS typically views credit card incentives as discounts or rebates rather than as income, this is the case.

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