Some Best Rewards Credit Cards Reviews

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Credit card companies offer benefits to their cardholders like the cash-back reward program. In this, a percentage of the amount paid on the credit cards is given back to the cardholder in the form of reward points. However, to earn these points, you need to make sure to make timely payments of your credit card bills. You also get to enjoy savings and perks which otherwise might be out of reach. These are some of the benefits of using credit cards. Search for the best rewards credit cards for yourself to enjoy more benefits.

When you’re looking cards for yourself, look for the ones that offer attractive cash-back percentages, or travel rewards, appealing sign-up bonuses, and simple redemption models. We can divide rewards credit cards into two general categories: travel and cash-back cards.

Travel credit cards offer rewards like free travels, or some miles free, achieve elite member status with hotels and airlines and many other travel-related perks. Travel rewards credit cards also offer bonuses and discounts on dining and restaurants etc.

The cash-back cards generally pay back a percentage of the amount you have spent on daily purchases, cash back on specific categories or bonus amount for spending a specific amount within a certain period.

To choose your best rewards credit card, weigh the perks of all the cards that you are considering. Decide for yourself whether a travel or a cash back credit card is the better option for you.

Some Best Rewards Credit Cards:

  • Chase Freedom Unlimited Credit Card
  • Citi Double Cash Credit Card
  • Chase Sapphire Reserve Credit Card
  • Chase Sapphire Preferred Credit Card

 

 

Card Category What makes it good
Chase Freedom Unlimited All-around rewards Unlimited 1.5% cash back on every purchase
Citi Double Cash No annual fee 1% cash back on all purchases; 1% cash back when you pay your bill on time
Chase Sapphire Reserve Travel and airline rewards 3 points for every $1 spent on travel and dining
Chase Sapphire Preferred Points rewards 2 points for every $1 spent on travel and dining

Chase Freedom Unlimited:

This rewards card is considered an all-rounder because of the benefits and rewards that it has to offer. It also offers a decent sign-up bonus.

            Highlights:

  • The chase freedom unlimited is offering a $150 bonus for $500 that you spend within the first three months of sign-up.
  • It offers a 1.5% cash-back on every purchase.
  • This card works like a regular cash-back card. But you can transfer points to an Ultimate Rewards earning card like Chase Sapphire Plus or Ink Plus. In this case, you can earn 1.5 points per dollar spent instead of simply 1.5% cash-back.
  • Rewards don’t expire as long as your account remains open. Cardholders can redeem rewards for cash in any amount at any time.

 

Who Should Get This Card:

Chase Freedom Unlimited leaves behind many other cash-back rewards cards. Its welcome bonus is the highest among other cards and has no annual fee. Also, this card has no hidden charges. Anyone who owns a Chase rewards card can get this because the reward points can be transferred. These are some reasons that make it one of the best rewards credit cards.

Its Annual Purchase Rate varies from 15.99% – 24.74%. But there is 0% APR for the first 15 months from account opening on purchases and balance transfers. Balance transfer fee is 5% of the amount transfer and $5 is minimum.

Though this card is a good option, it’s still not the best one there is. Its cash-back rate while good, isn’t the highest flat-rate available. Also, there are no categories for earning bonus points. This can be a downside if you’re looking to maximize your reward points and you shop frequently in one area.

 

Citi Double Cash:

Citi double doesn’t put any limits on the rewards you can earn. It has no annual fee and no categories to track.

 

Highlights:

  • This card offers 0% APR for 18 months after the sign-up. After that, depending on your creditworthiness, the variable APR 14.74% – 24.74%.
  • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • Balance transfers do not have any interests but they also do not give cash backs.
  • Citi Double Cash offers you to register your purchases online with the Citi Price Rewind program. The company will look for better deals with lower prices and pay you back the difference on those deals.

 

Who Should Get This Card:

The Citi Double Cash card doesn’t have any rotating 5% bonus categories. This card gives you 1% cash back on the purchases and additional 1% when you pay for those purchases. It doesn’t tie down the number of rewards you can earn. Moreover, there are no annual fee and no chasing bonus categories.

Although this card is a thrifty option for you, it’s still not suitable for you if you typically carry a balance or often fail to make payments on time. It also doesn’t offer any sign-up bonus which is something other cards typically do.

Chase Sapphire Reserve:

This card is a travel rewards card and offers bonuses and perks on travel and airline purchases.

 

Highlights:

  • Earn 100,000 bonus points after you have spent $4,000 on purchases in the first three months from account opening. That means $1,500 toward travel when you redeem through Chase Ultimate Rewards.
  • Earn three points per dollar spent on travel and dining at restaurants worldwide, and one point per dollar spent on other purchases. There is also no foreign transaction fee.
  • Receive $300 travel credit as a repayment of the money you have spent on travel purchases such as airfare and hotels etc.
  • Get 50% more value when you redeem your points for airfare, hotels, car rentals, and cruises through the Chase Ultimate Rewards portal.

 

Who Should Get This Card:

If you’re a traveler and often go on tours, this card might be a good option for you.

It offers access to more than 900 airport lounges worldwide. You also get a $100 application fee credit for Global Entry and repayment for enrolling in TSA PreCheck. There are no restrictions or blackout dates. As long as there is a seat in the flight, you can book it through Chase Sapphire Reserve.

Besides all these perks, its hefty $450 annual fee can seem a huge amount if you don’t spend much on travelling and dining out. Its APR varies from 16.99% -23.99%. So only the people who travel a lot find it one of the best rewards credit cards for traveling purposes.

Chase Sapphire Preferred:

This card has lower annual fee than Chase Sapphire Reserve and offers big sign-up bonus along with generous rewards.

 

Highlights:

  • Earn 2 points for every dollar for travel and restaurant purchases worldwide. Also, earn 1 point for one dollar spent on all other purchases.
  • Earn 50,000 points if you spend $4,000 during the first three months of sign-up. This equals to $625 toward travel including airfare and hotels and $500 in cash.
  • Earn 5,000 reward points if you make purchases after adding an authorized user during first three months of sign-up.

 

Who Should Get This Card:

Not only does this card offer a big sign-up bonus, but also has an annual fee under $100. This is the most suitable choice for people scared off from the high annual fee of Chase Sapphire Reserve card. You also earn bonus points for traveling and dining out.

If you redeem your points through Chase Ultimate Rewards program, they are worth 25 percent more. There is no introductory fee for the first year and after that, the fee is $95 per year. Its APR varies from 16.99% -23.99%. it can be easily called the best rewards credit card.

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