When searching for the right credit card for you, one of the most important things to look for is what kind of rewards you’ll get in return for using the card. After all, that’s one of the many benefits of using a credit card rather than plain cash. By opting in to a credit card’s services, you’ll want something in return.
There are many different kinds of rewards that come with cards, whether that be airline miles to use for travel, discounted hotel stays or the valuable cash back programs that help you earn more as you spend more. The card you choose may often come down to what kinds of rewards you can gather in most based on how you manage your money and what you spend on. Certain cards get you certain rewards for certain reasons. To pick the card that’s right for you, check out those that match your money habits. These rewards can make getting and using a credit card for all or some of your purchases a great value-add for your wallet.
Here we share five of the top credit cards that can be great at getting you the rewards you want and need as you pick the card that’s right for you.
Chase Sapphire Preferred
When looking at the best travel rewards credit cards to add value to your wallet, the Chase Sapphire Preferred card can be a great option.
Perks
With this card, you’ll earn two points for every dollar you spend on travelling and at restaurants and one point for every dollar you spend on any other purchase you make. These points can be used to spend on travel purchases. Other benefits with this card include no foreign transaction fees and earning 50,000 bonus points after you spend $4,000 in your first three months.
Fees
Annual fee: $0 for your first year, then $95 following
Intro Purchase APR: 17.99%-24.99% variable APR
Regular APR – 17.99%-24.99% variable APR
Intro Balance Transfers – Either $5 or 5% of each transfer
Highlights
When you use this card on travel and dining, you’ll earn twice as many points. With other purchase, you’ll earn one point per dollar. You’ll also experience benefits such as 1:1 point transfer for airline and hotel agencies. When it comes to travelling, you’ll get helpful coverage benefits that allow you to travel with confidence with things like no foreign transaction fees, insurance for trip cancellation and purchase protection. You can also take advantage of extended warranties and travel and other assistant services you may require. You’ll also need excellent credit to qualify for this card. When you redeem your points for travel, you’ll be able to maximize your value of the card as you’ll earn 25 percent more through that redemption.
Capital One Savor Cash Rewards
Get rewarded for that fancy weekend meal. With the Capital One Savor Cash Rewards card, you’ll earn cash back for your night out.
Perks
With this card, you’ll be able to earn 4 percent cash back on all your purchases on restaurants and entertainment. When getting groceries, you’ll earn 2 percent cash back on purchases at your grocery store. For all other purchases, from tires to diapers, you’ll earn 1 percent cash back with this card. These rewards are unlimited which means you’ll get rewarded on everything you buy with no need to pay attention to only eligible categories.
Fees
Annual fee: $0 for your first year, then $95 following
Intro Purchase APR: 16.74%-25.74% variable APR
Regular APR – 17.99%-24.99% variable APR
Intro Balance Transfers – 0%
Highlights
In addition to the this card’s cash back program, you’ll also get other benefits such as a new cardmember offer of a $500 cash bonus when you spend $3,000 within your first three months. You’ll also have no foreign transaction fees on purchases outside of the United States. Spend with confidence as you get price protection, an extended warranty on eligible items and protection benefits such as fraud coverage and travel accident insurance. To qualify for this card, you’ll need good credit. You’ll also get access to special dining and entertainment experiences as a card member. As you manage your money and spending, your Capital One Savor Cash Rewards card can help you with benefits like account alerts, autopay and 24/7 customer service. Manage your money all with the Capital One Mobile App.
Chase Freedom
With the word “freedom”, this card from Chase offers you several opportunities to save and reap rewards you can use. And with special bonus categories, you can earn even more.
Perks
Like the name suggests, this credit card gets you the freedom to earn cash back on every single purchase. When you use your card on purchases for a combined $1,500 in select categories each quarter, you’ll earn 5% cash back. You’ll also receive 1 percent cash back on all your purchases from groceries to car repairs. With this card, you also won’t have to meet any minimum amount in order to redeem that cash back that you’ve accumulated.
Fees
Annual fee: $0
Intro Purchase APR: 0% for first 15 months and balance transfers
Regular APR – 16.99%-25.74% variable APR
Intro Balance Transfers – Either $5 or just 3% of each transfer
Highlights
Other benefits of this card include a new cardmember offer of earning up to a $150 cash bonus. When you spend $500 in your first three months, you’ll earn a $150 bonus you can put right back in your pocket. In addition to these offers, there are various ways you can redeem those valuable rewards you’ve accumulated and your cash back rewards never expire as long as your account is open. You’ll also have the opportunity to use tap to pay functionality to make shopping a breeze. By watching the Chase Freedom cash back calendar, you can earn more cash back on select categories pertaining to the time of year. Whether you choose to use your card for purchases in that quarter’s category or just your normal, everyday shopping trip, you’ll always have a way to earn cash back.
Blue Cash Everyday Card from American Express
When you’re looking for rewards on everything from groceries to travel to filling up at the tank, the Blue Cash Everyday Card can be a great option to get you the savings you deserve.
Perks
Wherever and however you shop, rewards can come to you. For your purchases at supermarkets, you can earn 3 percent cash back on up to $6,000 per year, and then still earn 1 percent. For your trips to the gas station and specific department stores, you’ll earn 2 percent on what you spend. For all other purchases, from new socks to dishwasher detergent, you’ll still earn 1 percent cash back. This cash back can be redeemed as statement credit.
Fees
Annual fee: $0
Intro Purchase APR: 0% for first 15 months and balance transfers
Regular APR – 15.24%-26.24% variable APR
Intro Balance Transfers – Either $5 or just 3% of each transfer
Highlights
For those everyday purchases, from groceries to gas to clothing and more, this card can be a great fit for your wallet. You’ll get to redeem your cash back earnings to statement credit, earn gift cards from a variety of retailers and use your cash back to shop at your favorite retailers. This American Express card is also accepted at a variety of places so you know you can use it wherever you go. Whether you choose to pay off your statement each month or carry a balance, this card allows you the opportunity to be flexible as you pay off your expenses. For those months with big purchases, this flexibility allows you to still stay on top of all your finances. And, by adding additional cards for your family and friends, you can continue to stack up the rewards with their purchases and usage as well. You’ll also earn more as you spend each month.
Bank of America Cash Rewards
When you’re looking for a rewards card that can get you great rewards in the form of cash, the Bank of America Cash Rewards card is a great option for you to earn more on your everyday purchases.
Perks
Get cash back rewards wherever you go for your purchases. Earn 1 percent cash on each and every purchase you make, regardless of where you go. When you do your shopping at grocery stores or wholesale clubs, you’ll earn 2 percent cash back on your purchase. And, when you fill up your gas tank to get to where you want to go, you’ll earn 3 percent on your gas purchase.
Fees
Annual fee: $0
Intro Purchase APR: 0% for first 12 billing cycles
Regular APR – 15.49%-25.49% variable APR
Intro Balance Transfers – 3% of each transfer
Highlights
In addition to numerous ways to earn cash back in your pocket, you’ll get other rewards like no expiration on the rewards you’ll accumulate and no alternating categories that you’ll need to pay attention to. With each and every purchase you make, you’ll know how much cash back you’ll be able to earn. When you spend at least $500 with your card within the first 90 days of opening your account, you’ll rake in $200. And, when you redeem your earned cash back into your checking or savings account at Bank of America, you’ll earn an extra 10 percent customer bonus just for redeeming. As a preferred rewards client, you’ll also have the opportunity to increase that bonus to between 25 and 75 percent.
Get Rewarded for Your Spending
With the plethora of opportunity of ways to earn rewards, you can find a credit card that can get you the cash back, travel miles and other perks you can get as you use your card. Discover the card that fits your spending habits and start getting rewarded today.
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