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From groceries to gas, rewards cards help you earn cash, points or miles from your everyday purchases. You can redeem your rewards for cash, shopping or travel. We analyzed 1,640 different rewards cards to give you the best recommendations – check out the best rewards credit cards from our partners below.
From groceries to gas, rewards cards help you earn cash, points or miles from your everyday purchases. You can redeem your rewards for cash, shopping or travel. We analyzed 1,640 different rewards cards to give you the best recommendations – check out the best rewards credit cards from our partners below.
June 22, 2020
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All information about Capital One® Savor® Cash Rewards Credit Card, Capital One® Walmart Rewards Mastercard, Capital One® Venture® Rewards Credit Card, Capital One® Quicksilver® Cash Rewards Credit Card, Capital One® SavorOne® Cash Rewards Credit Card, Capital One® VentureOne® Rewards Credit Card, Ink Business Unlimited℠ Credit Card, Chase Sapphire Preferred®, Bank of America® Cash Rewards Credit Card, Citi Rewards+SM Card, Wells Fargo Propel American Express® Card have been collected independently by CreditCards.com and has not been reviewed by the issuer.
Rewards credit cards have proliferated in recent years, with the best offers delivering cardholders hundreds, even thousands of dollars in rewards. It is not surprising that rewards cards claim several spots on our list of the overall best credit cards.
Cashback, points, miles – whichever method you choose, the results can be, well, rewarding. In fact, because it is accepted that merchants up their prices to accommodate their costs due to credit card fees, consumers who use cards for their purchases actually come out ahead by $240 a year, while consumers who don’t end up behind to the tune of $50, according to the Federal Reserve of Boston.
But rewards credit cards can be daunting to the newcomer. Which type do you choose? Which card is the best? How do you use one? At CreditCards.com, we crunched the numbers on over 1,600 different credit card offers using the criteria outlined below to pick the best rewards cards out there. Along with our top picks, we’ve also included some takes from other experts and supplemental information to help you with your decision. Here, we look at:
The Venture Rewards offers a terrific flat rate of 2X miles on every purchase, beating out most travel rewards cards and allowing you to rack up miles without worrying about tracking spending categories.
With 50,000 miles after a $3,000 spend within the first 3 months and 2X miles on all purchases, this card offers a host of travel rewards and features. Venture Rewards currently has more than fifteen travel partners where you can transfer your miles. The Venture Rewards Credit Card is a fine choice for both domestic and foreign travel because of its versatility. Fly any airline and stay at any hotel – there are no blackout dates.
Like many of the best travel credit cards, the annual fee is not waived the first year.
Earn 60,000 points after a $4,000 spend within the first 3 months of card membership, worth $750 when redeemed for travel through Chase Ultimate Rewards.
In preparation for your upcoming travel, take a look at this card, with its partnerships with major airlines and hotel brands and the 2X points for spending on travel and restaurants. Given the current restrictions on travel, this might be a good card for planning in the long term when travel frees up. For example, you might want to earn rewards now that you can use later in the year for travel.
There’s so much to love about this card that it’s hard to find a downside. However, one potential setback is the $95 annual fee.
This is a great card for the shopper who doesn’t want to think about which card to pull out every time she’s at the cash register. That’s because the Quicksilver offers 1.5% back on all purchases.
In addition to strong ongoing rewards, the Quicksilver’s sign-up bonus offers a nice little boost of $150 after a $500 spend within the first 3 months. Also, this card has no foreign transaction fees.
You can find a better flat rate with the Citi Double Cash, although that card doesn’t have a sign-up bonus.
Check out Discover’s 2020 cash back calendar and you’ll see that the card offers a great mix of bonus spending categories, ranging from grocery stores and gas stations to restaurants and online shopping. And not only will you earn 5% cash back in these rotating categories (upon enrollment, on your first $1,500 in combined quarterly spending), Discover will also match all the cash back you earn at the end of your first year.
You can earn rewards while you finance a larger purchase or pay down debt thanks to the Discover it Cash Back’s 0% introductory APR on both new purchases and balance transfers for the first 14 months (11.99% - 22.99% Variable after that). The card also charges no foreign transaction fee.
It can be a bit of a hassle, since you must enroll in a bonus category each quarter to earn 5% cash back (on your first $1,500 in combined quarterly spending, then 1%). Additionally, Discover credit cards are not accepted as widely as Visa or Mastercard credit cards. This is especially worth keeping in mind if you plan to travel internationally.
The Blue Cash Preferred is a premier rewards card for balance transfers – get 0% intro APR on balance transfers as well as purchases for 12 months. It’s 13.99%-23.99% Variable after that.
This card’s cash back categories of U.S. supermarkets and U.S. gas stations are a mainstay, and now the Blue Cash Preferred offers excellent rewards on all manner of transit as well as select U.S. streaming subscriptions.
Unlike other rewards cards with an annual fee, the Blue Cash Preferred’s annual fee of $95 isn’t waived the first year. If that’s a deal breaker, you might consider the Blue Cash Everyday, which has similar categories but with no annual fee.
The card comes with a solid sign-up bonus of 40,000 points when you spend $1,000 in the first 3 months. You’ll also enjoy an annual bonus of 3,000 points each year on your account anniversary.
Thinking in the long term, possibly later in the year, you’ll earn 2 points per dollar on purchases made with Southwest and its hotel and car rental partners, plus 1 point per dollar on all other purchases. Combine this ongoing rate with the card’s annual bonus and you should be able to make up the $69 annual fee. If you’re a heavy spender, you may even earn enough points to qualify for the coveted Companion Pass.
The card’s travel perks aren’t particularly impressive: You won’t get any credits for an expedited airport security program or even a discount on in-flight purchases. Additionally, Southwest doesn’t have any airline transfer partners or much international reach.
Few rewards cards offer such a competitive rewards rate and such comprehensive travel protections without charging an annual fee. Even better, there is no spend cap on the card’s 3X bonus categories, including popular streaming services.
With no annual fee and no limits on rewards, this card’s got what it takes to turn your head and race your heart. There’s also the 20,000 points after a $1,000 spend within the first 3 months – that’s a $200 cash redemption value.
You’ll have to look hard for something not to like about this card, although there are no boosted rewards for such categories as Amazon.com, wholesale clubs and home improvement stores.
It’s perfect for small-business owners who want to keep things simple. You’ll earn 1.5% cash back on every purchase, no matter where, when or what you buy. Redemption is a breeze, too: As long as your account remains open, your points never expire and you can redeem them for statement credits, direct deposits, travel rewards, gift cards and more.
Along with a sign-up bonus of $500 when you spend $3,000 in the first 3 months, you’ll enjoy a 0% introductory APR on new purchases for the first 12 months (14.74% - 20.74% Variable after that). This could be a lifesaver if you need to finance a large business purchase or free up cash flow.
While 1.5% cash back is a solid rate for a card with no annual fee, other business cards can offer a higher rewards rate on general purchases or in specific spending categories. Even if these cards come with an annual fee, the rewards you’ll earn will usually be enough to make up for it.
The SavorOne’s rewards on dining and entertainment are supremely competitive, at 3% cash back for those categories. We suggest that you consider using this card for takeout and drive-through for now and eat at a nearby park, as many regions are shutting down dine-in services.
In addition to the rewards on dining and entertainment, this card offers unlimited 2% cash back at grocery stores. Given the rewards this card offers, it’s rather remarkable that there is no annual fee.
While this is a strong no-annual-fee cash back card, the rewards for categories other than dining, entertainment and grocery stores are only 1% cash back.
Not only is this card’s low-end APR very reasonable given the array of other features included, it offers a 0% intro APR for the first 12 months in case you need to finance a larger purchase and then 14.49% - 24.49% (Variable) thereafter.
In addition to a great flat rate of 1.25X miles on every purchase, this has more than fifteen travel partners, which could allow you to transfer and stretch your miles even further.
The sign-up bonus and the ongoing rewards are serviceable for an occasional traveler, but they both can be beaten by other cards, particularly ones with an annual fee.
It’s perfect if your spending habits vary from month to month. You’ll earn 2% cash back at grocery stores and wholesale clubs, plus 3% cash back in a bonus category of your choice (on the first $2,500 you spend each quarter in 2% and 3% categories). Plus, you can switch your 3% bonus category once each calendar month – choose from gas, online shopping, dining, travel, drug stores and home improvements and furnishings.
You’ll earn $200 in online cash rewards if you spend $1,000 in the first 90 days. Given this card’s practical everyday bonus spending categories, meeting that requirement should be no sweat. The card also comes with a 0% introductory APR for 15 billing cycles on both balance transfers and new purchases (15.49% - 25.49% Variable APR on purchases and balance transfers after that), making it a solid option if you need to finance a large purchase or chip away at existing debt.
The 2% and 3% cash back categories are capped at $2,500 in combined spend each quarter, so there are limits on how much cash back you can earn with this card.
| Credit Card | Best For: | Rewards Rate | Annual Fee | Creditcards.com Review |
|---|---|---|---|---|
| Ink Business Unlimited℠ Credit Card | Business cash back | 1.5% cash back on every purchase | $0 | 3.5 / 5 |
| Bank of America® Cash Rewards credit card | Customizable rewards | 3% cash back on a category of choice | $0 | 3.4 / 5 |
| Wells Fargo Propel American Express® card | No annual fee | 3X points for: Eating out, ordering in, gas stations, rideshares, transit, flights, hotels, homestays, and car rentals | $0 | 3.5 / 5 |
| Capital One® SavorOne® Cash Rewards Credit Card | Dining and entertainment | 3% cash back on dining and entertainment | $0 | 3.7 / 5 |
| Southwest Rapid Rewards Plus Credit Card | Airline rewards | 2X points on Southwest purchases | $69 | 3.7 / 5 |
| Capital One® Venture® Rewards Credit Card | Travel rewards | 2X miles on every purchase | $95 | 4.2 / 5 |
| Capital One® VentureOne® Rewards Credit Card | Low interest | 1.25X miles on every purchase | $0 | 3.5 / 5 |
| Blue Cash Preferred® Card from American Express | Balance transfers | 6% Cash Back at U.S. supermarkets | $95 | 4.3 / 5 |
| Discover it® Cash Back | Rotating category rewards | 5% cash back in rotating categories | $0 | 4.5 / 5 |
| Capital One® Quicksilver® Cash Rewards Credit Card | Cash rewards | 1.5% cash back on every purchase | $0 | 3.4 / 5 |
| Chase Sapphire Preferred® Card | Sign-up bonus | 2X points on travel and dining | $95 | 3.9 / 5 |
We analyzed over 1,600 rewards credit cards and looked at 9 main factors to identify the best cards for your lifestyle – these factors and more inform our decisions in which cards can work the hardest for you.
Criteria used: Credit needed, rates & fees, transfer partners, travel benefits, point values, redemption options and flexibility, customer service, sign-up bonus, rewards rate.
A rewards credit card is a lending product that gives you points, miles or cash back for your spending. You might get rewards for specific categories, or you might get a flat rate for all expenditures.
In our April 2019 poll of what’s on consumers’ credit card wish lists, we found that consumers’ favorite card features were by far that of cash back – in fact, consumers wanted 3% back on all purchases, something that might have once been considered extremely unlikely. Sign-up bonuses, a common feature of rewards cards, were also in the top 5. In another recent study, we found that rewards are the favorite use for consumers’ most used cards, at 40%.
When you are shopping for a rewards card, you see that they vary widely in whether they have an annual fee, a sign-up bonus and what kinds of ongoing rewards they have. So, while most cash back cards have no annual fee, many travel cards do. And while you will be hard-pressed to find a cash back card with extensive travel benefits, travel cards will likely have them in abundance.
There are a number of different types of rewards credit cards, the two primary being cash back and travel cards. Both of these rewards cards, when used responsibly and correctly, can help you gain rewards through the everyday purchases you make or the flights you’re already booking. Although this sounds simple enough, it can be confusing when trying to find the right card for you because there are so many to choose from. In fact, more than 60% of credit cards issued in the U.S are tied to a rewards program, according to The Wall Street Journal. So to make it a little easier for you, we’ve gone into detail about the different types of rewards credit cards and what they can offer you:
Originating in 1986, Discover developed its products as a way to give money back at the end of the year based on the amount of charges. Since then, the cash back product has expanded to cards that give cash back in statement credits, checks and deposits in bank accounts. This can be a great way to earn money for the purchases you make every day, and with the right card, the rewards won’t expire for the life of the account – so the rewards that you earn will always be yours.
There are several types of cash back credit cards:
Travel credit cards reward cardholders with points or miles instead of cash. You can redeem these to book travel, and with some travel rewards cards, you’ll gain access to luxurious perks like airport lounge access. There are three main types of travel credit cards.
Credit card rewards can be a way to earn lucrative cash back bonuses and benefits. And depending on your rewards card, you can also earn cash back for things that you’re buying every day.
In order to truly maximize your rewards, you’ll need to stay on top of your points, miles, or cash back earned. While there may be a small learning curve, free flights, hotel stays and cash back in your pocket are certainly worth the time.
If you don’t have the time or desire to strategize your spending, a flat-rate rewards card is an easy and valuable option as well. One thing that can detract from or even outweigh your rewards value is carrying a balance from month to month. If you spend within your means and pay off your balance each month, a rewards card can easily be worth your while.
Here, we look at the pros and cons of rewards credit cards to help you decide if they are right for you.
To take full advantage of your points, you need to look at the rewards card from all angles, including how much you’ll spend and what you’ll buy. Here’s a quick guide on how to maximize your points:
In some cases, there is no cap on how many points or cash back you can earn with a rewards credit card. In other cases, you are limited to how much you can earn with specific categories.
When we looked at our 20 most popular rewards credit cards, we found that there were no caps on spending for specific categories on 9 cards, with the highest at 5X points – The Platinum Card® from American Express offers 5X points on amextravel.com and airfare purchased directly from airlines, while the Chase Sapphire Preferred currently offers 5X points with Lyft through March 2022.
When looking at unlimited categories and unlimited spending, that number went down to only 7 – 3 are travel cards and 4 are cash back cards. Of the cash back cards, Citi® Double Cash pays out 2% on all qualifying purchases – 1% cash back when you purchase and 1% cash back when you pay for the purchase.
In terms of your welcome offer, we found that rewards cards with points or miles ranged from 15,000 points (Citi Rewards+℠ Card, after a $1,000 spend within the first 3 months) to 60,000 points (Chase Sapphire Preferred, after a $4,000 spend within the first 3 months; and Platinum from Amex, after a $5,000 spend within the first 3 months).
When looking at cash back cards, we discovered that Savor was the highest, with $300 cash back after a $3,000 spend within the first 3 months.
| Rewards Category | Top Offer | Highest | Average | Lowest |
|---|---|---|---|---|
| Welcome bonus Points |
Chase Sapphire Preferred |
60,000 points | 40,625 points | 15,000 points |
| Unlimited cash back All spending categories |
Citi Double Cash |
2% | 1.625% | 1.5% |
| Welcome bonus Cash back |
Capital One Savor Cash Rewards | $300 | $183.33 | $150 |
| Unlimited points or miles All spending categories |
Capital One Venture Rewards | 2X miles | 1.58X points or miles | 1.25X miles |
Credit card rewards programs come in any number of flavors, and one of them is bound to work well for you.
There’s Chase Ultimate Rewards, with generous rewards for your loyalty. And what about American Express Membership Rewards? Then, there are popular hotel rewards plans.
Here are some popular rewards programs and how they work.
All information about Ink Business Preferred, Ink Business Cash Card, Chase Freedom, Chase Freedom Unlimited and Ink Business Cash Card have been collected independently by CreditCards.com and has not been reviewed by the issuer.
Chase Ultimate Rewards is a travel portal that can pack points into your account if used correctly. There are 2 types of Ultimate Reward cards, a total of 6 cards:
Earn points through worldwide travel and dining, business categories, rotating categories such as gas and groceries, and more. With the Ultimate Rewards portal, you can book all types of travel with partner brands, including air travel and cruises, or enjoy redemptions for such items as gift cards and merchandise.
Myriad Amex cards use the Membership Rewards program, including the American Express® Gold Card and the Blue Business Plus.
You can earn Membership Rewards through eligible airfare, hotel stays, car rentals, retail purchases and more. There are also opportunities with eligible business purchases in the U.S., such as office supplies, wireless service, shipping, advertising and computer hardware/software/cloud computing. Membership Rewards points can be used toward a shopping portal for such brands as Amazon.com and Staples. You can also use your points to cover card charges or for gift cards. One of the most popular uses is as a travel portal. You can enjoy more value when you transfer the Membership Rewards points to miles and redeem them for international flights in business or first class. You can also experience bonus points for transfers with American Express’ airline partners.
With the Hilton portfolio, which includes such brands as Waldorf Astoria, Homewood Suites and Curio, you have access to 5,000 hotels and resorts around the world. Add to that, you can experience the benefits of the Hilton Honors program, which gives you access to these properties through the points you have collected with purchases.
In addition to earning points at member properties, earn points through partners for car rentals, cruises, even mobile roaming while abroad. You can use the points as a gift by purchasing gift cards at Hilton locations or treat yourself with a weekend at a favorite spot. Also enjoy using the points toward flights and rail travel, vehicle upgrades and more.
The Citi ThankYou program, Citi’s points earning and redemption program, is offered through a handful of Citi cards, with options to redeem through merchandise, travel, gift cards, electronics and more, depending on the card.
Depending on the product, you might earn 1.25X points for booking travel in the same way that some Chase cards are structured. The program includes about 15 airline partners, which compares well to the Chase and American Express partnerships.
There are basically 2 ways to earn Go Far Rewards – by spending on your Wells Fargo credit card or by shopping on the Earn More Mall site.
Unlike Chase and American Express, Go Far Rewards can’t be transferred to an airline partner. However, redemptions can come in a number of ways, such as cash back, statement credits, travel, gift cards, merchandise, digital downloads and even as a gift. There’s a Go Far Rewards online auction that you can use to bid on merchandise using your points.
The Bank of America Preferred Rewards program works a little differently from the other bank card issuer programs in that it rewards you for how much you keep in your Bank of America bank accounts. This includes funds in Merrill.
The card rewards benefits can be considerable – if you keep at least $20,000 in your accounts, you’ll earn a 25% bonus on qualified card rewards, and that goes up to 75% when you have at least $100,000 in your accounts. There are other bank-related benefits as well, such as money market savings interest rate boosters and auto loan interest rate discounts.
Whether you are earning points, miles or cash back, card issuers offer numerous ways to redeem those rewards. You can redeem through statement credits, gift cards, even checks. Here are some ways:
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