For many people, earning perks is the best part of holding a credit card. The best credit card for rewards is not the same for everyone, but some cards do offer stronger rewards than others.
Some cards reward travelers, others reward customers who are loyal to one brand. Some of the best credit cards for rewards offer cash back, while others offer points or discounts.
Cash back credit cards give you back a percentage of what you spend. The rates of cash back vary from credit card to credit card. Some credit cards offer a flat 1% on all purchases, others may offer 5% on specific categories of purchases, like gas or groceries.
Credit card companies love offering rewards because they want your business. In today’s environment, it’s increasingly difficult to attract new customers. So, companies try to entice you with perks.
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Top 7 Best Credit Cards for Rewards:
- Ideal for: Frequent Travelers
- Sign-on Reward: Earn 50,000 Bonus Points After Spending $4,000 in the first three months of opening an account
- Ongoing Rewards: Earn 3X points on travel and dining worldwide
- Get 25% more value when you redeem for travel-related purchases like rental cars, hotels, or airfare.
- $300 annual travel credit
- Annual Fee: $550
- Ideal for: Frequent Travelers
- Sign-On Reward: Earn 60,000 Bonus Points After Spending $4,000 in the first three months of opening an account
- Ongoing Rewards: Earn 2X points on travel and dining worldwide
- Get 25% more value when you redeem for travel-related purchases like rental cars, hotels, or airfare.
- Annual Fee: $95
- Ideal for: General Rewards
- Sign-On Reward: 0% APR Introductory Offer on balance transfers for 18 months
- Ongoing Rewards: 1% to 2% Cash Back
- No annual fee, no cap on cash back, no categories for rewards
Wells Fargo Propel American Express Card
- Ideal for: General Rewards
- Sign-On Reward: Lowest APR on purchases and balance transfers for 12 months; 20,000 bonus points when you spend $1,000 in the first 3 months ($300 value)
- Ongoing Rewards: 3X points on: Categories like Dining, gas, travel and streaming services, among others; 1X points on other purchases
- No Annual Fee, no limit to rewards points
Blue Cash Preferred Card from American Express
- Ideal for: General Rewards
- Sign-On Reward: $300 cash back after you spend $1,000 in the first 3 months; 0% APR on purchases and balance transfers for first 12 months
- Ongoing Rewards: 6% cash back on grocery and some streaming services; 3% cash back on transit, ride sharing; 1% cash back on other purchases
- Annual Fee: $95
Capital One Venture Rewards Card
- Ideal for: Travelers, General Rewards
- Sign-On Reward: 50,000 bonus miles if you spend $1,000 in the first 3 months
- Ongoing Rewards: 2X miles for every dollar on each purchase
- No Annual Fee First Year; $95 after that
- Ideal for: General Rewards
- Sign-On Reward: 50,000 in rewards points after you spend $4,000 in the first three months
- Ongoing Rewards: 4X rewards points on dining out, grocery store purchases, 3X rewards points certain flights
- Annual Fee: $250
- Annual travel credit: $120 Dining Credit; $100 airline fee credit
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