15 best rewards credit cards of September 2024
If you’re looking to optimize your spending and make the most of every purchase, we recommend these top picks for the best rewards credit cards. Each card on this list was carefully selected by our team of experts to help our readers get the most out of their spending. Whether you’re looking to earn the most cash back or to pay for your next vacation with points and miles, we’ve got you covered.
At The Points Guy, we aim to provide comprehensive insights and expert analysis on the best rewards credit cards to help our readers make the right choice for their wallets. Check out our curated selection and comprehensive guide below to find the best rewards card for you from our partners.
- Capital One Venture Rewards Credit Card: Best for airline rewards
- Ink Business Preferred? Credit Card: Best for maximizing business purchases
- Chase Sapphire Preferred? Card: Best for beginner travelers
- American Express? Gold Card: Best for dining rewards at restaurants
- Capital One Venture X Rewards Credit Card: Best for airline rewards
- Wells Fargo Autograph Journey? Card: Best for unlimited point earning
- The Platinum Card? from American Express: Best for luxury benefits
- Citi Double Cash? Card: Best for no-frills cash-back rewards
- Chase Freedom Unlimited?: Best for bonus categories
- Bank of America? Travel Rewards credit card: Best for travel rewards beginners
- Ink Business Unlimited? Credit Card: Best for freelancers
- Blue Cash Preferred? Card from American Express: Best for U.S. streaming rewards
- Blue Cash Everyday? Card from American Express: Best for cash back beginners
- Capital One SavorOne Cash Rewards Credit Card: Best for entertainment rewards
- Wells Fargo Active Cash? Card: Best for flat-rate earning
5 Miles | 5 Miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel |
2 Miles | 2 Miles per dollar on every purchase, every day |
When it comes to simplicity and strong rewards, the Capital One Venture Rewards Credit Card is a solid choice for most travelers. You’ll earn earns 2x miles on every purchase with no bonus categories to memorize, making it an ideal card for those with busy lives. Read our full review of the Capital One Venture Rewards Credit Card.
Pros
- This flexible rewards card delivers a solid sign-up bonus of 75,000 miles, plus a $250 Capital One Travel credit valued by TPG (not provided by the issuer) at $1,638 when adding together the value of the bonus miles and the Capital One Travel credit
- You'll earn 2 miles per dollar on every purchase, which means you won't have to worry about memorizing bonus categories
- Rewards earned are versatile as they can be redeemed for any hotel or airline purchase for a statement credit or transferred to 15+ travel partners
Cons
- Highest bonus-earning categories only on travel booked via Capital One Travel
- Capital One airline partners do not include any large U.S. airlines
- Enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening - that’s equal to $1,000 in travel
- Earn unlimited 2X miles on every purchase, every day
- Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to a $100 credit for Global Entry or TSA PreCheck?
- Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
- Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
- Transfer your miles to your choice of 15+ travel loyalty programs
3X | Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year |
1X | Earn 1 point per $1 on all other purchases – with no limit to the amount you can earn |
The Ink Business Preferred Credit Card's sign-up bonus a generous offer for the card. Plus earn points across the four bonus categories (travel, shipping, advertising and telecommunication providers) that are most popular with businesses. The card comes with travel protections, shopping protections and will also have primary coverage when renting a car for business purposes for you and your employees. Read our full review of the Ink Business Preferred Credit Card.
Pros
- Access to the Chase Ultimate Rewards portal for points redemption
Cons
- No travel perks
- Subject to Chase's 5/24 rule on card applications
- Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Travel℠
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
5x | 5x on travel purchased through Chase Travel?. |
3x | 3x on dining, select streaming services and online groceries. |
2x | 2x on all other travel purchases. |
1x | 1x on all other purchases. |
The Chase Sapphire Preferred? Card is one of the most popular travel rewards credit cards on the market. Offering an excellent return on travel and dining purchases, the card packs a ton of value that easily offsets its $95 annual fee. Cardholders can redeem points at 1.25 cents each for travel booked through Chase or transfer points to one of Chase’s 14 valuable airline and hotel partners. Read our full review of the Chase Sapphire Preferred Card.
Pros
- You’ll earn 5 points per dollar on travel purchased through Chase Travel, 3 points per dollar on dining, select streaming services and online grocery store purchases, 2 points per dollar on all other travel and 1 point per dollar on everything else.
- Annual $50 hotel statement credit when booked through Chase Travel
- Premium travel protection benefits including trip cancellation insurance, primary car rental insurance and lost luggage insurance
Cons
- The card comes with a $95 annual fee
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.
- Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- Member FDIC
4X | Earn 4X Membership Rewards? points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
4X | Earn 4X Membership Rewards? points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
3X | Earn 3X Membership Rewards? points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
2X | Earn 2X Membership Rewards? points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
1X | Earn 1X Membership Rewards? point per dollar spent on all other eligible purchases. |
This isn’t just a card that’s nice to look at. It packs a real punch, offering 4 points per dollar at restaurants (on the first $50,000 in purchases per calendar year, then 1 point per dollar) and U.S. supermarkets (on the first $25,000 in purchases per calendar year; then 1 point per dollar). There’s also an up to $120 annual dining statement credit at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys, plus it added an up to $120 annually ($10 per month) in Uber Cash, which can be used on Uber Eats orders or Uber rides in the U.S. Card must be added to Uber app to receive this benefit. All this make it a very strong contender for all food purchases, which has become a popular spending category. Enrollment required for select benefits. Read our full review of the American Express Gold Card.
Pros
- 4 points per dollar on dining at restaurants (on the first $50,000 in purchases per calendar year, then 1 point per dollar) and U.S. supermarkets (on the first $25,000 in purchases per calendar year; then 1 point per dollar)
- 3 points per dollar on flights booked directly with the airline or with Amex Travel
- Welcome bonus of 60,000 points after spending $6,000 in the first six months of card membership. Plus, receive 20% back in statement credits on eligible restaurant purchases (up to $100) within the first six months of card membership.
Cons
- Weak on travel and everyday spending bonus categories
- Not as effective for those living outside the U.S.
- Some may have trouble using Uber/food credits
- Few travel perks and protections
- Earn 60,000 Membership Rewards? Points after you spend $6,000 on eligible purchases on your new Card in your first 6 months of Card Membership. Plus, receive 20% back in statement credits on eligible purchases made at restaurants worldwide within the first 6 months of Card Membership, up to $100 back. Limited time offer. Offer ends 11/6/24.
- Get the American Express? Gold Card in either the Gold, Rose Gold or Limited-Edition White Gold metal design. White Gold design is only available while supplies last.
- Earn 4X Membership Rewards? points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards? points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards? points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards? points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards? point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express? Gold Card at Dunkin' locations.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express? Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express? Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges with every booking of two nights or more through AmexTravel.com. Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.
10 Miles | 10 Miles per dollar on hotels and rental cars booked through Capital One Travel |
5 Miles | 5 Miles per dollar on flights and vacation rentals booked through Capital One Travel |
2 Miles | 2 Miles per dollar on every purchase, every day |
If you can maximize the $300 credit towards bookings through Capital One Travel, the Venture X’s annual fee effectively comes down to $95, the same annual fee pegged to the Capital One Venture Rewards Credit Card (see Venture rates and fees). Add in a 10,000-mile bonus every account anniversary (worth $185, according to TPG valuations) and lounge access, and the card may become the strongest option out there for a lot of travelers. Read our full review of the Capital One Venture X Rewards Credit Card.
Pros
- 75,000 bonus miles when you spend $4,000 on purchases in the first three months from account opening.
- 10,000 bonus miles every account anniversary
Cons
- $395 annual fee
- The $300 back annual credit only applicable for bookings made through Capital One Travel portal
- Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
- Receive a $300 annual credit for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
- Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
- Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights and vacation rentals booked through Capital One Travel
- Earn unlimited 2X miles on all other purchases
- Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
- Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- Receive up to a $100 credit for Global Entry or TSA PreCheck?
5X | Earn unlimited 5X points on hotels |
4X | Earn unlimited 4X points on airlines |
3X | Earn unlimited 3X points on other travel and restaurants |
1X | Earn 1X points on other purchases |
The Wells Fargo Autograph Journey credit card offers healthy reward earning rates on top of uncapped point-earning meaning the sky's the limit — especially if you strategize and spend in popular categories.
Pros
- No foreign transaction fees
- Uncapped earning potential
- $50 annual statement credit
- Solid point earning rates in popular categories
Cons
- This card features an annual fee
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn 60,000 bonus points when you spend $4,000 in purchases in the first 3 months – that’s $600 toward your next trip.
- Earn unlimited 5X points on hotels, 4X points on airlines, 3X points on other travel and restaurants, and 1X points on other purchases.
- $95 annual fee.
- Book your travel with the Autograph Journey Card and enjoy Travel Accident Insurance, Lost Baggage Reimbursement, Trip Cancellation and Interruption Protection and Auto Rental Collision Damage Waiver.
- Earn a $50 annual statement credit with $50 minimum airline purchase.
- Up to $1,000 of cell phone protection against damage or theft. Subject to a $25 deductible.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature? Concierge.
5X | Earn 5X Membership Rewards? Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year. |
5X | Earn 5X Membership Rewards? Points on prepaid hotels booked with American Express Travel. |
The Amex Platinum is unmatched when it comes to travel perks and benefits. If lounge access, hotel elite status and annual statement credits are important to you, this card is well worth the high annual fee. Read our full review of the Platinum Card from American Express.
Pros
- The current welcome offer on this card is quite lucrative. TPG values it at $1,600.
- This card comes with a long list of benefits, including access to Centurion Lounges, complimentary elite status with Hilton and Marriott, and more than $1,400 in assorted annual statement credits and so much more.
- The Amex Platinum comes with access to a premium concierge service that can help you with everything from booking hard-to-get reservations to finding destination guides to help you plan out your next getaway.
Cons
- The $695 annual fee is only worth it if you’re taking full advantage of the card’s benefits. Seldom travelers may not get enough value to warrant the cost.
- Outside of the current welcome bonus, you’re only earning bonus rewards on specific airfare and hotel purchases, so it’s not a great card for other spending categories.
- The annual airline fee credit and other statement credits can be complicated to take advantage of compared to the broader travel credits offered by competing premium cards.
- Earn 80,000 Membership Rewards? Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
- Earn 5X Membership Rewards? Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards? Points on prepaid hotels booked with American Express Travel.
- $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts? or The Hotel Collection bookings through American Express Travel using your Platinum Card?. The Hotel Collection requires a minimum two-night stay.
- $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card? on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
- The American Express Global Lounge Collection? can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market. As of 03/2023.
- $155 Walmart+ Credit: Save on eligible delivery fees, shipping, and more with a Walmart+ membership. Use your Platinum Card? to pay for a monthly Walmart+ membership and get up to $12.95 plus applicable taxes back on one membership (excluding Plus Ups) each month.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card?.
- $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only. Terms Apply.
- $199 CLEAR? Plus Credit: CLEAR? Plus helps to get you to your gate faster at 50+ airports nationwide and get up to $199 back per calendar year on your Membership (subject to auto-renewal) when you use your Card. CLEARLanes are available at 100+ airports, stadiums, and entertainment venues.
- Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck? (through a TSA official enrollment provider) application fee, when charged to your Platinum Card?. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
- Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card?. That's up to $50 in statement credits semi-annually. Enrollment required.
- Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card? to your Resy profile.
- $695 annual fee.¤
- Terms Apply.
- See Rates & Fees
1% | Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. |
5% | Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel? portal through 12/31/24. |
The Citi Double Cash Card caters to beginners establishing good credit habits, since users will earn 2% cash back; 1% when they buy and 1% when they pay their statement. The Citi Double Cash is a great pick for those looking for the utmost simplicity and want cash back in their pocket. Read our full review of the Citi Double Cash here.
Pros
- Earning 2% back on every purchase is an industry-leading return on everyday spending for a no-annual-fee credit card.
- Now that you have the ability to convert rewards to ThankYou points with an eligible card, your redemption options are even more flexible.
- It’s great for those looking to consolidate debt, since it offers new cardmembers 18 months of 0% intro APR on balance transfers made. After that, the variable APR of 19.24% - 29.24% applies.
Cons
- Those looking to make a balance transfer will have to pay 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
- 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.
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% - 29.24%, based on your creditworthiness.
- Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
5% | Enjoy 5% cash back on travel purchased through Chase Travel?, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more. |
3% | 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service. |
1.5% | 1.5% cash back on all other purchases. |
The Chase Freedom Unlimited is a surprisingly powerful card that earns at least 1.5% back on everything. However, it becomes a standout card if you pair it with a card that earns transferable Ultimate Rewards points, doubling their potential value. Read our full review of the Chase Freedom Unlimited.
Pros
- At least 1.5% back on every purchase, with up to 5% or 3% back on select categories
- There is no annual fee
- Perfect for everyday, non-bonused spending
- Incredible value when paired with a premium Chase card
Cons
- There is a 3% foreign transaction fee so the card shouldn't be used abroad
- Limited card perks and benefits
- Intro Offer: 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!
- Enjoy 6.5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
- After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel℠, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
- No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
- Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
- No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited? card
- Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
- Member FDIC
1.5X | Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open. |
The Bank of America Travel Rewards credit card is a great starter card thanks to its no annual fee and no foreign transaction fees when you travel internationally. Earning and redeeming is effortless, with no confusing bonus categories to keep track of and the ability to redeem your points for all of your travel needs. Read our full review of the Bank of America Travel Rewards card here.
Pros
- 1.5 points per dollar on all purchases
- No annual fee
- No foreign transaction fees
Cons
- Bank of America does not offer airline or hotel transfer partners like other banks such as American Express, Chase or Capital One.
- No travel and purchase protections.
- Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.
- 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
- Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.
- Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
- 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 19.24% - 29.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
- If you're a Bank of America Preferred Rewards? member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
1.5% | Earn unlimited 1.5% cash back on every purchase made for your business |
The Ink Business Unlimited’ sign-up gives you a generous $900 cash back spending $6,000 on purchases in the first three months from account opening plus unlimited 1.5% cash back on every business purchase. It fills in rewards gaps not covered by the Ink Business Cash Credit Card and the Ink Business Preferred? Credit Card. You can maximize this card by pairing it with cards including the Chase Sapphire Reserve?, the Chase Sapphire Preferred? Card and the Ink Business Preferred? Credit Card. Read our full review of the Ink Business Unlimited Credit Card.
Pros
- No annual fee
- A generous $900 cash-back sign-up bonus
- Flat 1.5% cash back on all purchases
Cons
- Higher spend to receive sign-up bonus
- No conversion to Chase points without holding the Chase Sapphire Reserve, Chase Sapphire Preferred or Ink Business Preferred
- Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Member FDIC
6% | 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%) |
6% | 6% Cash Back on select U.S. streaming subscriptions |
3% | 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more |
3% | 3% Cash Back at U.S. gas stations |
1% | 1% Cash Back on other purchases |
The Blue Cash Preferred Card is one of the best cash-back credit cards on the market. You’ll get a great return across a wide range of bonus categories, a solid welcome bonus and a low annual fee. Read our full review of the Blue Cash Preferred Card from American Express.
Pros
- This card has one of the best earning structures out for among cash-back credit cards
- The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.
Cons
- There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets
- You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad
- Earn a $250 statement credit after you spend $3,000 in eligible purchases on your new Card within the first 6 months.
- $0 intro annual fee for the first year, then $95.
- Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It? to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
- Low Intro APR: 0% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% - 29.99%.
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations.
- 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
- 1% Cash Back on other purchases.
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
- $84 Disney Bundle Credit: With your enrolled Blue Cash Preferred Card, spend $9.99 or more each month on an auto-renewing Disney Bundle subscription, to receive a monthly statement credit of $7. Valid only at Disney Plus.com, Hulu.com or Plus.espn.com in the U.S.
- Terms Apply.
- See Rates & Fees
3% | 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%. |
3% | 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%. |
3% | 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%. |
1% | 1% Cash Back on other purchases. |
The Blue Cash Everyday card is a good option for people who want a simple cash back structure with no annual fee. You’ll earn bonus cash back rewards on popular bonus categories, including U.S. supermarkets and U.S. gas stations. Read our full review of the Blue Cash Everyday Card from American Express.
Pros
- 3% cash back at U.S. supermarkets.
- No annual fee.
Cons
- There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
- Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
- No Annual Fee.
- Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 19.24% to 29.99% variable APR.
- 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
- 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
- 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
- Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
- Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Everyday? Card. Enrollment required.
- Enjoy up to $15 back per month when you purchase a Home Chef meal kit subscription (subject to auto renewal) with your enrolled Blue Cash Everyday? Card.
- Terms Apply.
- See Rates & Fees
8% | 8% Cash Back on Capital One Entertainment purchases |
5% | 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply) |
3% | 3% Cash Back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart? and Target?) |
1% | 1% Cash Back on all other purchases |
The Capital One SavorOne is a great cash back credit card for beginners looking for a solid rewards structure and no annual fee. Dining, entertainment and groceries are high-value bonus categories, and it’s rare for a card to hit all three. Read our full review of the Capital One SavorOne Cash Rewards Credit Card.
Pros
- Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart? and Target?), plus 1% on all other purchases
- The intro APR offer that comes with this card makes it a solid choice for those looking to finance a large purchase. You’ll get 0% intro APR on purchases and balance transfers for the first 15 months (19.99% - 29.99% variable APR after, there's a 3% balance transfer fee for the first 15 months or at the promotional APR offered at any other time. No fee for amounts transferred at the Transfer APR).
Cons
- The sign-up bonus isn’t anything to write home about (though it is easy to earn)
- Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
- Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart? and Target?), plus 1% on all other purchases
- Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
- Earn 8% cash back on Capital One Entertainment purchases
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
- No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
- 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; balance transfer fee applies
- No foreign transaction fee
- No annual fee
2% | Earn unlimited 2% cash rewards on purchases |
The Wells Fargo Active Cash card delivers simplicity to cardholders who want to pay for their purchases without worrying if you’re maximizing every last dollar. With a 2% cash rewards rate, you’ll rest easy knowing that you’re earning bonus points whether you’re online shopping or paying your hairdresser. Plus, enjoy other benefits like cell phone protection and access to the Visa Signature? Concierge and Luxury Hotel Collection. Read our full review of the Wells Fargo Active Cash.
Pros
- There’s no annual fee, meaning that you can keep your costs low while focusing on earning rewards.
- Earn 2% cash rewards on purchases — no bonus categories to track or remember.
- Get up to $600 in cell phone protection (with a $25 deductible) against covered damage or theft when you pay your monthly cell phone bill with this card.
Cons
- Don’t take this card abroad with you, as this card incurs a 3% foreign currency conversion fee.
- Other cash rewards cards can offer better welcome bonuses.
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 20.24%, 25.24%, or 29.99% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don't expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature? Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Comparing the best rewards credit cards
Credit card | Best for | Intro offer | Earning rate | Annual fee |
---|---|---|---|---|
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at Capital One's secure site | airline rewards | Earn 75,000 + $250 in Travel Credit Open Intro bonus Earn 75,000 miles once you spend $4,000 on purchases within the first 3 months of account opening, plus receive a one-time $250 Capital One Travel credit in your first cardholder year – that’s equal to $1,000 in travel | 2 - 5X miles | $95 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at Chase's secure site | maximizing business purchases | Earn 90,000 bonus points Open Intro bonus Earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. | 1 - 3X points | $95 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at Chase's secure site | beginner travelers | 60,000 bonus points Open Intro bonus Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel?. | 1 - 5X points | $95 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at American Express's secure site | dining rewards at restaurants | 60,000 points + earn up to $100 back Open Intro bonus Earn 60,000 Membership Rewards? Points after you spend $6,000 on eligible purchases on your new Card in your first 6 months of Card Membership. Plus, receive 20% back in statement credits on eligible purchases made at restaurants worldwide within the first 6 months of Card Membership, up to $100 back. Limited time offer. Offer ends 11/6/24. | 1 - 4X points | $325 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at Capital One's secure site | airline rewards | Earn 75,000 miles Open Intro bonus Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel | 2 - 10X miles | $395 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at Wells Fargo's secure site | unlimited point earning | 60,000 bonus points Open Intro bonus Earn 60,000 bonus points when you spend $4,000 in purchases in the first 3 months – that’s $600 toward your next trip. | 1 - 5X points | $95 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at American Express's secure site | luxury benefits | Earn 80,000 points Open Intro bonus Earn 80,000 Membership Rewards? Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership. | 5X points | $695 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at Citi's secure site | no-frills cash-back rewards | $200 cash back Open Intro bonus 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. | 1 - 5% cash-back | $0 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at Chase's secure site | bonus categories | Up to $300 cash back Open Intro bonus Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Travel?, 4.5% on dining and drugstores, and 3% on all other purchases. | 1.5 - 5% cash-back | $0 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at Bank of America's secure site | travel rewards beginners | 25,000 points Open Intro bonus 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases. | 1.5X points | $0 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at Chase's secure site | freelancers | Earn $900 bonus cash back Open Intro bonus Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. | 1.5% cash-back | $0 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at American Express's secure site | U.S. streaming rewards | Earn $250 Open Intro bonus Earn a $250 statement credit after you spend $3,000 in eligible purchases on your new Card within the first 6 months. | 1 - 6% cash-back | $0 intro annual fee for the first year, then $95. |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at American Express's secure site | cash back beginners | Earn $200 Open Intro bonus Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. | 1 - 3% cash-back | $0 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at Capital One's secure site | entertainment rewards | $200 Open Intro bonus Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening | 1 - 8% cash-back | $0 |
Open Editors rating Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer. at Wells Fargo's secure site | flat-rate earning | $200 cash rewards Open Intro bonus Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months | 2% cash rewards | $0 |
More details on the best rewards credit cards
The main attraction of this card is its flat earning structure of 2 miles per dollar spent on all purchases. You’ll also get access to 15-plus travel loyalty partners and up to $100 TSA PreCheck or Global Entry credit, all for a low $95 annual fee (see rates and fees).
This card is suited to travelers who take a few trips a year and want a simple miles-earning structure with the potential to maximize their rewards.
“The Capital One Venture is a great card that can add value to pretty much anyone's wallet. I use it to earn 2 miles per dollar on the purchases that fall outside my other cards' bonus categories. The annual fee is low, Capital One miles are easy to redeem and the card does come with a few nice perks, including TSA PreCheck/Global Entry application fee reimbursement.” — Madison Blancaflor, senior content operations editor
The main competitor to this card is the Chase Sapphire Preferred? Card, which earns more points on dining, streaming and online grocery purchases. However, it earns half the rate of the Venture Rewards on everyday purchases and does not include any lounge passes.
This card offers one of the highest sign-up bonuses of any business card and has a low $95 annual fee. Plus, it earns valuable Ultimate Rewards points on a variety of business expenses.
This card is geared toward small-business owners who want to maximize points-earning on business expenses. It’s also great for those who regularly run into problems with their cellphone, as it provides cellphone protection.
“I originally signed up for the Ink Business Preferred primarily for its sign-up bonus. But, over the last year, I've found myself making it my go-to card when booking travel. After all, the Ink Business Preferred earns 3 points per dollar spent on travel and provides excellent travel protections, including trip delay protection and rental car insurance.” — Katie Genter, senior writer
This card’s main competitor is the American Express? Business Gold Card, which offers 4-points-per-dollar (on the first $150,000 spent in combined purchases each calendar year, then 1 point per dollar) in select bonus categories that automatically reflect your highest spending areas, such as transit purchases, dining at U.S. restaurants, and U.S. gas station purchases. However, its biggest downside is its relatively high $375 annual fee (see rates and fees).
This is one of the most popular beginner travel rewards cards out there. You can earn a lot of points on a broad range of categories, and the low $95 annual fee makes this card worth keeping both in the first year and beyond.
This card is an ideal choice for someone who takes a few trips a year and wants to maximize their earning on travel and dining purchases.
“The Chase Sapphire Preferred has been in my wallet for 5-plus years and is the midlevel rewards credit card that I recommend to people. It usually has a pretty solid sign-up bonus, with points that can be transferred to some of my favorite loyalty programs, like British Airways Executive Club and World of Hyatt. The strong earn rate on dining and travel as well as streaming services makes it a good choice for a millennial like me. Finally, I like using this card when renting cars, as it provides primary car insurance and a little more piece of mind.” — Matt Moffitt, senior credit cards editor
The Capital One Venture Rewards Credit Card offers a flat 2 miles per dollar spent on most purchases, with bonus miles when booking hotels and rental cars through Capital One’s travel portal. Both cards have the same $95 annual fee (see Venture rates and fees).
This is the best card for those looking to earn bonus points at U.S. supermarkets and restaurants. You have an array of valuable transfer partners, while the dining and Uber statement credits help offset the considerable $325 annual fee (see rates and fees).
This card is a great addition to the wallets of those who want to earn a lot of points when dining out and grocery shopping.
"I love that the Amex Gold earns a healthy 4 points per dollar spent on U.S. supermarket purchases and at restaurants (up to $25,000 in spending at U.S. supermarkets and up to $50,000 in spending at restaurants, then 1 point per dollar thereafter) since those are some of my biggest spend categories." — Augusta Stone, associate credit cards writer
There are few direct competitors to this card, but it’s worth checking out the Chase Sapphire Preferred? Card and Chase Sapphire Reserve?, which offer more points for travel purchases but fewer bonus points for groceries and dining.
This is one of the best value premium travel rewards cards out there. It offers lounge access to you and two guest, all for a reasonable $395 annual fee (see rates and fees). Most of that is offset by a $300 annual travel credit, and you’ll receive 10,000 bonus miles each year, which more than covers the rest.
This card is suited to frequent travelers who want lounge access and transferable miles for maximum-value travel redemptions.
“With an annual fee that is $300 less than The Platinum Card? from American Express (see Amex Platinum rates and fees), the Capital One Venture X is my favorite travel credit card. The card comes with an annual $300 Capital One travel portal credit, which I use to book flights. That effectively brings the annual fee down to $95 per year (see rates and fees). Cardholders enjoy a Priority Pass Select membership. I use my Venture X to earn 2 miles per dollar (a 3.7% return, based on TPG's valuations) in spend categories where most cards would only accrue 1 point, such as auto maintenance, pharmacies and medical bills.” — Kyle Olsen, former points and miles reporter
The popular Chase Sapphire Reserve? earns more bonus points on travel and dining purchases but comes with a higher $550 annual fee. Chase Ultimate Rewards points are worth slightly more than Capital One miles.
The Autograph Journey offers cardholders the chance to earn elevated rates across travel categories including 5 points per dollar spent on hotels, 4 points per dollar on airline purchases and 3 points per dollar on restaurants and 'other travel' which includes timeshares, car rentals, cruise lines, travel agencies, discount travel sites and campgrounds. On top of this, cardholders also get the added benefit of earning a flat rate of 1 point per dollar on other purchases for a $95 annual fee.
If you travel frequently and are looking for a card to help you rack up points you can redeem for future travel, this card is a decent option. Additionally, those looking for a way to fill gaps in their points earning strategy will benefit from the flat 1 point per dollar spent on other purchases outside of the main travel categories.
Another great perk the Autograph Journey features is an annual $50 statement credit triggered by an airline purchase of at least $50. This is on top of elevated earning rates in the certain travel categories and a solid welcome offer for new applicants. There's also no foreign transaction fees on the Autograph Journey card making it a good first travel card as well as a decent supplemental card to add to your travel credit card roster.
If you're looking for a more general use credit card with no annual fee, consider the Wells Fargo Active Cash? Card (see rates and fees). It earns a flat rate of 2% cash rewards on purchases making an excellent choice to help fill gaps in your reward earning strategy. The best part? Like the Autograph Journey card, the Active Cash Card doesn't put a cap on the amount of cash back you can earn.
This card offers the best lounge access options of any premium travel rewards card and a high earn rate on airfare. It also comes with a plethora of statement credits that can offset the high $695 annual fee (see rates and fees).
This card is ideal for frequent travelers who spend a lot on airfare purchases and want access to a wide range of lounges along with a large number of lifestyle perks.
“While this card has a high annual fee, it more than justifies itself for frequent travelers like me. The lounge access options that come with the Platinum are unrivaled by competitors. I put all my flights — whether bought with cash or points — on this card to earn 5 points per dollar spent (on up to $500,000 on these purchases per calendar year) and trip protection insurance*. I make sure to take full advantage of the Uber, Saks Fifth Avenue, Hulu/Disney+ and Clear Plus statement credits (enrollment is required). And, honestly, pulling a Platinum card out of your wallet to pay for something does feel pretty fancy.” — Matt Moffitt, senior credit cards editor
*Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by New Hampshire Insurance Company, an AIG Company.
The Chase Sapphire Reserve? earns more points on travel (except flights) and dining purchases and comes with a lower $550 annual fee. However, the Amex Platinum has better lounge access options.
One of the simplest and most rewarding cash-back cards out there is the Citi Double Cash Card. It awards 1% cash back when you buy and then another 1% as you pay off your bill. You can even convert the cash back to ThankYou points via a linked ThankYou card, such as the Citi Prestige? Card.
The information for the Citi Prestige has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
This card is best for two groups of people: those who want to keep rewards lucrative but simple, earning 1% cash back as you buy things and 1% cash back as you pay them off, and those who want to ramp up rewards-earning by converting these rewards to Citi ThankYou points, which TPG values at 1.8 cents each.
“I wasn’t the biggest fan of this card previously, thinking it was just average, but I am a big fan now that it earns Citi ThankYou points. Paired with my other Citi cards, it unlocks huge earning potential on everyday spending. The fact it has no annual fee means it’s a long-term keeper for me.” — Ryan Smith, former credit cards writer
If you want an even simpler rewards-earning structure, also with no annual fee, check out the Wells Fargo Active Cash? Card (see rates and fees), which earns 2% back in cash rewards on purchases.
The Chase Freedom Unlimited is one of the most popular no-annual-fee cards at TPG because it has a good mix of elevated everyday earning and bonus categories that go as high as 5%. But perhaps even better is that the Chase Freedom Unlimited can be paired with a premium Chase credit card, such as the Chase Sapphire Preferred? Card or Chase Sapphire Reserve?, to amp up the value of the rewards when used for travel. In fact, it makes up one-third of what we call the Chase Trifecta.
This card is unique in that it’s a great match for those new to credit card rewards and those looking to squeeze all possible value out of every dollar charged. This makes it a good match for almost anyone, but especially for those who want to one day use some of their rewards for travel.
“The Chase Freedom Unlimited is a great option, especially for anyone with a card like the Chase Sapphire Preferred Card or Chase Sapphire Reserve. It has solid bonus categories but also gives 1.5% back on all other purchases. And, if you have a higher-end Chase card, you can effectively convert these cash-back earnings into fully transferable Ultimate Rewards points.” — Nick Ewen, director of content
If you like the idea of a no-annual-fee card in the Chase credit card ecosystem but want even more bonus categories, check out the Chase Freedom Flex?, which has unique, rotating 5% bonus categories (up to $1,500 in total spending each quarter, activation required).
The Bank of America Travel Rewards card operates similarly to the Capital One Venture Rewards Credit Card. You’re earning flat-rate rewards across all spending, and then you can use those rewards as a statement credit to cover eligible travel purchases.
It’s perfect for low-budget beginner travelers who want a card with no annual fee and a simple way to earn and redeem points.
“I’m happy earning 1.5 points per dollar on all purchases on a card without an annual fee. I can’t pay for everything in life with transferable points, and it’s nice to have a card with fixed-value points for those situations. I use this card for travel purchases where I need to pay in cash, then I can reimburse myself with the points.” — Ryan Smith, former credit cards writer
If you’re interested in a card with transferable miles that still has no annual fee (see rates and fees), consider the Capital One VentureOne Rewards Credit Card.
This is one of the best business cards with no annual fee because it earns 1.5% back on every purchase without needing to keep track of bonus categories.
This card is a good match for anyone who doesn’t want to expend mental energy juggling spending categories.
“I have the Chase Ink Business trilogy — the Ink Business Cash Credit Card, Ink Business Preferred Credit Card and Ink Business Unlimited Credit Card. The first two cards maximize my points-earning on things like office supply, internet and phone purchases, while the Ink Unlimited covers everything else with a flat 1.5% earn rate. The fact that I have the Ink Preferred means I can convert my cash back from the Ink Unlimited into more valuable Chase Ultimate Rewards points. This no-annual-fee card will stay in my wallet for years to come.” — Matt Moffitt, senior credit cards editor
The Blue Business? Plus Credit Card from American Express is the only no-annual-fee (see rates and fees) business credit card that can potentially be more valuable. It offers 2 Membership Rewards points per dollar spent (on up to $50,000 in annual spending, then 1 point), and these points are immediately transferrable to partners; you don't need to carry another card to enable this functionality.
This is a lucrative cash-back card for those who spend a lot on groceries, gas, transit and streaming. You’ll also earn statement credits for select monthly subscriptions with Disney (enrollment required; subject to auto-renewal; terms apply).
This card is best suited to someone looking for a lot of cash back on groceries, gas, transit and streaming.
“The Blue Cash Preferred Card is the card I recommended to my parents when they were looking for a new cash-back rewards card for their groceries. My parents prefer the simplicity of cash-back rewards, and I knew they'd benefit from earning 6% cash back on up to $6,000 per year in purchases at U.S. supermarkets, then 1% back after that. Compared to the 1.5% cash back they were earning on these purchases, the elevated earnings easily justified adding the Blue Cash Preferred to their wallet.” — Katie Genter, senior points and miles writer
Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
If you want a flat cash-back rate on all purchases, then the Citi Double Cash? Card (see rates and fees) is a great option, offering 2% back on every transaction — 1% when you buy and another 1% when you pay your bill.
This is a great card if you want to bonus cash back on groceries, gas and online shopping with no annual fee (see rates and fees). Rewards are easily redeemed at a fixed rate, eliminating guesswork on whether you're getting good value from your earnings. You’ll also earn statement credits with Disney and Home Chef (enrollment required; subject to auto-renewal; terms apply).
This is a solid cash-back card for many, especially students and credit card beginners with low monthly budgets.
If groceries, gas and online shopping are among your largest spending categories, this is a great starter card to help you dip your toes into the world of credit card rewards.
If you want higher earning rates on a similar card, the Blue Cash Preferred? Card from American Express may be a better choice. You’ll get expanded bonus spending categories and additional perks, though you’ll want to be sure the card’s $95 annual fee (see rates and fees) starting in year two is worth it.
This card earns excellent cash back on meals, groceries and entertainment without having to pay an annual fee (see rates and fees). Additionally, if you also have a card like the Capital One Venture Rewards Credit Card or Capital One Venture X Rewards Credit Card, you can transfer your cash-back rewards from the SavorOne into fully transferable miles.
This is a good starter card for enthusiastic foodies, avid streamers and regular concertgoers — especially for international travelers, since the card has no foreign transaction fees (see rates and fees).
For no annual fee, you’re getting an excellent return on a variety of purchases — both in and out of the U.S (see rates and fees).
The Chase Freedom Flex? offers 5% back on travel purchased through the Chase Travel portal and 3% on dining and drugstore purchases. It also has valuable rotating quarterly categories, earning 5% cash back (on up to $1,500 in combined purchases each quarter) after activation.
The Active Cash card (see rates and fees) is a great beginner card since it features a flat 2% cash rewards on purchases. The card features a simple earning strategy, includes cellphone protection and has no annual fee.
Credit card beginners should consider the Wells Fargo Active Cash if they’re looking for a simple cash back card.
"This card offers 2% cash rewards on all purchases. When the time came to pay my daughter’s preschool tuition, I got the card. I figured I could get 2% cash back on a fixed expense. It was a no brainer for me!” — Eileen Sullivan, senior UX researcher
New credit card users who are looking to earn cash back but want the option to transfer their cash back into travel points should consider the Citi Double Cash? Card (see rates and fees). It features a similar simple earning strategy as the Wells Fargo Active Cash but when combined with select Citi cards, the cash back can be transferred into Citi ThankYou points.
Credit pointers with Brian Kelly
What is a rewards credit card?
Rewards credit cards are credit cards that earn rewards, typically in the form of points, miles or cash back, on your spending that is charged to the card. There are a wide variety of rewards credit cards (with an array of annual fee price points) that offer all sorts of rewards currencies in various amounts on different spending categories.
How do rewards credit cards work?
When you charge a purchase with a rewards credit card, you will earn rewards on your spending. You can then redeem those rewards for options such as travel, statement credits, gift cards, etc.
How to redeem credit card rewards
Once you have decided on your rewards credit card and earned the welcome bonus, it is time to see what you can do with those credit card rewards. How you should redeem your rewards will depend on the type of your rewards card and your goals.
Cards that earn transferable points can provide the most valuable rewards but can also be the most difficult to utilize when learning how to redeem rewards for maximum value. If you have a trip coming up and are hoping to use transferable points to book your flights or hotels, you can use TPG’s monthly valuations to determine if a redemption you have in mind is worth your points. TPG also has redemption guides to help get you started with most of the main loyalty programs. Some travels are better booked with cash or with cashlike equivalent rewards.
Cash-back cards offer the easiest redemption option, as it is typically a cash amount that can either be redeemed on your statement balance or directly deposited into your account.
What are credit card points or miles worth?
The value of a point or mile varies widely across the many travel brands out there. TPG uses a combination of the cash cost of a mile, the average cost of awards in a given program, and our own expertise from decades of earning and redeeming rewards to determine the value of a point or mile.
TPG’s monthly valuations are a great guide to understand the average valuation of the various points and miles currencies.
What types of credit card rewards can you get?
There are a variety of rewards credit cards geared toward different spending categories. All of the cards listed below earn some type of rewards, but the rewards differ from card to card.
This type of rewards card generally earns rewards in the issuer’s currency, which can then be transferred to certain partners to maximize value. For example, the Chase Sapphire Preferred? Card earns Ultimate Rewards points, which can be redeemed in multiple ways via the Chase portal but can also be transferred to one of Chase’s travel partners, such as United Airlines, Southwest Airlines or Hyatt. Rewards cards that earn transferable points and miles are highly valued because of their redemption flexibility.
This is the most straightforward type of reward. With a cash-back rewards card, you will earn a percentage back on each purchase that you make with the card. This reward can be redeemed for cash (via a statement credit, check, etc.) at a later date, hence the “cash-back” name. Although cash back has a fixed value, unlike some of the transferable currencies, it can be lucrative if you have aligned your cash-back card’s earning rates with your spending patterns.
For example, the Blue Cash Preferred? Card from American Express earns 6% cash back at U.S. supermarkets, on up to $6,000 per year in purchases (then 1%). If you are already spending $6,000 on groceries a year, having the Blue Cash Preferred can help you get up to $360 back on your current spending. The card also offers a higher rate of cash back on U.S. streaming subscriptions, on transit and at U.S. gas stations. Cash back is received in the form of reward dollars that can be redeemed as a statement credit or at Amazon.com checkout.
Hybrid cards are a newer type of rewards credit card. These cards earn cash back when used alone but can be paired with other cards to convert those cash-back rewards to more valuable points.
A prime example of the type of card that can earn hybrid rewards is the Chase Freedom Unlimited?. You’re earning cash back on purchases with that card, but those rewards can be converted to more valuable Chase Ultimate Rewards points when you pair the Unlimited with an eligible premium Chase card that earns transferable Ultimate Rewards points.
If you are a frequent traveler with a specific hotel brand or airline, a rewards card aligned with its loyalty program may be a good fit for you. Most of the time, these cards also come with brand-specific benefits like complimentary elite status (for hotel cards) or priority boarding and waived fees for checked baggage (for airline cards). These currencies aren’t as flexible as transferable currencies in that they generally have to be used within that one program, but they can still be highly valuable — especially if the benefits associated with having the card save you money or help you earn a higher elite status within a program.
What are the most popular credit card rewards programs?
There are many credit card rewards programs available, but major players in the rewards credit card space are American Express, Capital One, Chase, Citi, Wells Fargo and Bank of America.
Chase Ultimate Rewards
Chase Ultimate Rewards is one of the top rewards programs for good reason. TPG values these points at an average of 2 cents each when used with travel partners such as United Airlines and Hyatt. You can also use the points at a fixed value (at a rate that depends on which Chase cards you hold) to book travel via the Chase travel portal.
American Express Membership Rewards
Another top rewards program is American Express Membership Rewards, where points are also valued at 2 cents each when used with travel partners. Amex has the most extensive network of airline and hotel transfer partners — 22 — of the top issuer programs, and you can sometimes find transfer bonuses available for some of these partners. Of course, you can also redeem points through Amex’s travel portal, though often at a lower rate than maximizing a transfer partner.
Citi ThankYou
Citi ThankYou Rewards points aren’t quite as valuable on average as Chase and Amex points in the eyes of TPG (we value the points at 1.8 cents each), but there is still a lot to like about this program. There are some great transfer partners available through Citi ThankYou, including Avianca LifeMiles, Etihad Guest and Virgin Atlantic Flying Club.
Capital One
Capital One has 15-plus airline and hotel program partners, including high-value options like Air Canada Aeroplan, Avianca LifeMiles and Turkish Airlines Miles&Smiles.
Cash-back rewards cards honorable mentions
Not all rewards cards require transfer partners. A great cash-back rewards card is a great wallet addition for people who want to keep their rewards simple but still be rewarded for everyday spending.
How we rate cards
How to maximize rewards credit cards
Have a reward strategy in mind
Choosing the best rewards credit card and then maximizing the rewards you earn will vary depending on your personal goal(s). Thankfully, whether your goal is cash back to offset everyday expenses or points and miles that can fund your next trip, there is a card that will fit your reward strategy.
Start by considering what rewards you’re hoping to earn from your spending. Then, you can narrow down your choices and begin looking for the best cards for your wallet.
Card pairing
Good card pairing is crucial to any reward strategy. Popular card groupings like the Chase Trifecta and the Amex Trifecta are very popular due to their ability to maximize your earning potential.
A good card pairing generally is a group of cards that help you earn the same type of rewards by having different elevated reward categories. This allows you to get the most out of your spending across various categories of spending. Card pairing helps you earn more rewards than utilizing only one card.
Know the value of your rewards and redemption options
How you redeem your rewards is a critical part of your reward strategy and can further increase the value of the points. Cash-back earnings typically offer a percentage of the spending back in the form of statement credits or gift cards. Meanwhile, most travel cards allow you to earn points or miles for your spending. These can still be used for cash-back rewards, but they’re often most valuable for travel.
There are some programs — like Chase Ultimate Rewards — that allow you to pool all of your points or miles in a single account. This allows you to effectively convert your cash-back earnings into much more flexible travel rewards.
It’s important to consider how much your rewards are worth in order to get the best redemption from your rewards. TPG’s monthly valuation guide can help give you a starting point for this decision, but remember that everyone’s definition of “value” is different. If you’re happy with a specific use of your points and miles, then that’s a good redemption.
How to choose the best rewards credit card
- Choose the best rewards card for your wallet by opting for a card that offers a welcome bonus that you can transfer to certain rewards like free night certificates at hotels. This plays a large part in the card’s value.1Sign-up bonus
- Many of the cards on this list feature an annual fee. To determine if an annual fee is worth it, you should consider if the card’s benefits and perks outweigh the fee.2Annual fee