Best Rewards Credit Cards of 2022

The best rewards credit cards offer valuable points, miles, and cash back. Which is the right one for your wallet?
Last updated Sept. 23, 2022 | By Jennifer Calonia

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With so many rewards credit card options on the market, finding the right card for you can feel overwhelming. Fortunately, we’re here to help. We’ve done the legwork and identified the best rewards credit cards, depending on your habits and goals.

Here are eight of the most valuable rewards cards and who they’re right for.

Intro Offer

Earn 60,000 points after spending $4,000 on purchases in the first 3 months

Annual Fee

$95

Rewards Rate

5X points on Lyft rides and travel booked through Chase Ultimate Rewards; 3X points on eligible dining, select streaming services, and online grocery purchases; 2X points on travel; and 1X points per $1 on all other eligible purchases

Why We Like It

If you love to travel, the Chase Sapphire Preferred® Card may be an excellent match for you. It’s one of the most popular travel credit cards available, offering a generous sign-up bonus for new cardmembers, premium travel benefits, and a strong rewards program.

With the Chase Sapphire Preferred, you earn 5X points on Lyft rides and travel booked through Chase Ultimate Rewards; 3X points on eligible dining, select streaming services, and online grocery purchases; 2X points on travel; and 1X points per $1 on all other eligible purchases.

Each year on your card anniversary, you will also earn bonus points equal to 10% of the total purchases you made in the previous year.

If you redeem your points for travel through Chase Ultimate Rewards, your points are worth 25% more, helping you get more value for your points. You can book hotel stays, airfare, and even cruises with your points.

Card Details
  • Earn 60,000 points after spending $4,000 on purchases in the first 3 months
  • 5X points on Lyft rides and travel booked through Chase Ultimate Rewards; 3X points on eligible dining, select streaming services, and online grocery purchases; 2X points on travel; and 1X points per $1 on all other eligible purchases

Intro Offer

Earn 60,000 points after spending $4,000 on purchases in the first 3 months

Annual Fee

$550

Rewards Rate

10X points on Lyft rides, Chase Dining purchases, hotels and cars booked via Ultimate Rewards; 5X points on air travel booked via Ultimate Rewards; 3X points on travel and dining; and 1X points on everything else

Why We Like It

The Chase Sapphire Reserve® is a top-rated credit card for frequent travelers who can take advantage of its generous travel benefits and high point-earning potential. 

Card benefits include a $300 annual travel credit, primary rental car insurance, Priority Pass lounge access, reimbursement for TSA PreCheck or Global Entry, and more. 

With this card, you earn up to 10X points per dollar 10X points on Lyft rides, Chase Dining purchases, hotels and cars booked via Ultimate Rewards; 5X points on air travel booked via Ultimate Rewards; 3X points on travel and dining; and 1X points on everything else.

Cardmembers receive 50% more value when redeeming rewards for travel through the Chase Ultimate Rewards portal. For example, 60,000 points are worth $900 toward travel.


Card Details
  • Earn 60,000 points after spending $4,000 on purchases in the first 3 months
  • 10X points on Lyft rides, Chase Dining purchases, hotels and cars booked via Ultimate Rewards; 5X points on air travel booked via Ultimate Rewards; 3X points on travel and dining; and 1X points on everything else

Intro Offer

Earn an extra 1.5% cash back on all eligible purchases, on up to $20,000, in the first year

Annual Fee

$0

Rewards Rate

5% on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstore purchases, and 1.5% on all other purchases

Why We Like It

With no annual fee, the Chase Freedom Unlimited® card is a powerful rewards credit card. It has an easy-to-earn and potentially lucrative sign-up bonus for new cardholders.

When spending with this card, you can earn 5% on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstore purchases, and 1.5% on all other purchases. You can earn 5% on Lyft rides as well.

It's a fantastic everyday use card - you'll earn at least 1.5% cash back whenever you shop.

Card Details
  • Earn an extra 1.5% cash back on all eligible purchases, on up to $20,000, in the first year
  • 5% on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstore purchases, and 1.5% on all other purchases
  • Intro purchase 0% APR offer: 0% for 15 months then 17.24% to 25.99% (variable)
  • Intro balance transfer 0% APR offer: 0% for 15 months then 17.24% to 25.99% (variable)

Citi® Double Cash Card - 18 month BT offer

Citi® Double Cash Card - 18 month BT offer

Citi® Double Cash Card - 18 month BT offer

Intro Offer

Earn $200 cash back after spending $1,500 in the first 6 months (limited time offer)

Annual Fee

$0

Rewards Rate

up to 2% cash back on all purchases: 1% as you buy and 1% as you pay for those purchases

Why We Like It

The Citi® Double Cash Card lets you earn cash back twice. Earn up to 2% cash back on all purchases: 1% as you buy and 1% as you pay for those purchases. To earn cash back, just be sure to pay at least the minimum due on time.

In addition to unlimited cash back on all your purchases with no confusing categories, this card also offers 0% intro APR on balance transfers for 18 months, then 16.24% to 26.24% (variable), and no annual fee.

Card Details
  • Earn $200 cash back after spending $1,500 in the first 6 months (limited time offer)
  • up to 2% cash back on all purchases: 1% as you buy and 1% as you pay for those purchases
  • Intro balance transfer 0% APR offer: 0% for 18 months then 16.24% to 26.24% (variable)

Intro Offer

Earn 15,000 Membership Rewards points after spending $3,000 on purchases in the first 3 months

Annual Fee

$0

Rewards Rate

2X Membership Rewards points on business purchases up to $50,000 each year, and 1X points on purchases after that

Why We Like It

The Blue Business® Plus Credit Card from American Express offers great rewards and earning incentives on business-related purchases with no annual fee.

Cardmembers can create employee cards, designate an account manager, and receive a complete year-end summary each year. 

Earn 2X Membership Rewards points on everyday business purchases up to $50,000 each year, and 1X points on purchases thereafter.

Card Details
  • Earn 15,000 Membership Rewards points after spending $3,000 on purchases in the first 3 months
  • 2X Membership Rewards points on business purchases up to $50,000 each year, and 1X points on purchases after that
  • Intro purchase 0% APR offer: 0% for 12 months then 16.24% to 24.24% (variable)
  • Terms apply

Citi Rewards+® Card

Citi Rewards+® Card

Citi Rewards+® Card

Intro Offer

Earn 20,000 points after spending $1,500 on purchases in the first 3 months (plus, earn 5X points at restaurants, up to $6,000 in the first 12 months, then 1X points thereafter)

Annual Fee

$0

Rewards Rate

2X points at supermarkets and gas stations on the first $6,000 in purchases per year (and then 1X points thereafter), and 1X points on all other purchases

Why We Like It

The Citi Rewards+® Card is a great option for those who enjoy earning rewards on their everyday purchases.

Cardmembers earn 2X ThankYou points per dollar spent at supermarkets and gas stations on the first $6,000 in purchases per year. Currently, new cardmembers can also earn 5X points at restaurants up to $6,000 in the first 12 months.

This card is good for smaller purchases because every purchase rounds up to the nearest 10 points. So both a $1 item and a $9 item will earn you 10 points. 

Citi Rewards+ cardmembers can also enjoy a 0% introductory offer on new purchases and balance transfers, a valuable welcome offer, and no annual fee.

Card Details
  • Earn 20,000 points after spending $1,500 on purchases in the first 3 months (plus, earn 5X points at restaurants, up to $6,000 in the first 12 months, then 1X points thereafter)
  • 2X points at supermarkets and gas stations on the first $6,000 in purchases per year (and then 1X points thereafter), and 1X points on all other purchases
  • Intro purchase 0% APR offer: 0% for 15 months then 15.74% to 25.74% (variable)
  • Intro balance transfer 0% APR offer: 0% for 15 months then 15.74% to 25.74% (variable)

Capital One® Savor® Cash Rewards Credit Card

Capital One® Savor® Cash Rewards Credit Card

Capital One® Savor® Cash Rewards Credit Card

Intro Offer

Earn a $300 cash bonus after spending $3,000 in the first 3 months

Annual Fee

$95

Rewards Rate

8% cash back on Capital One Entertainment and Vivid Seats purchases; 4% cash back on dining, entertainment, and select streaming services; 3% at grocery stores (excluding superstores such as Walmart® and Target®), and 1% cash back on all other purchases

Why We Like It

For foodies who spend a significant amount of money on dining and entertainment, the Capital One® Savor® Cash Rewards Credit Card card can be an excellent rewards card option. It has a valuable welcome offer for new cardmembers.

You’ll earn unlimited 4% cash back on dining, entertainment, and select streaming services and  3% cash back at grocery stores (excluding superstores such as Walmart® and Target®). If you tend to spend lots of money at restaurants and bars, you can quickly rack up valuable rewards.

Gourmands will enjoy access to culinary and dining experiences, including five-star meals, intimate dinners, and chef-curated cuisine.

Card Details
  • Earn a $300 cash bonus after spending $3,000 in the first 3 months
  • 8% cash back on Capital One Entertainment and Vivid Seats purchases; 4% cash back on dining, entertainment, and select streaming services; 3% at grocery stores (excluding superstores such as Walmart® and Target®), and 1% cash back on all other purchases

Intro Offer

Earn 100,000 Membership Rewards points after spending $6,000 in the first 6 months

Annual Fee

$695

Rewards Rate

5X points per dollar spent on eligible airfare (on up to $500,000 per calendar year, after that 1X) and eligible hotel purchases, and 1X points per dollar on all other eligible purchases

Why We Like It

If you want a premium rewards card with deluxe travel perks, consider The Platinum Card® from American Express. With a generous welcome offer, high rewards rate on eligible purchases, and upscale travel experiences, this card can enhance and streamline your next trip.

The Platinum Card® from American Express allows you to earn 5X points on flights booked directly with airlines or on Amextravel.com (on up to $500,000 per calendar year, after that 1X) and prepaid hotels booked on Amextravel.com.

The card offers a number of perks to justify its annual fee, including statement credits for airline fees, digital entertainment, Equinox, and CLEAR membership. You can also enjoy a $200 hotel credit each year on prepaid bookings at Fine Hotels + Resorts® or The Hotel Collection, which require a minimum two-night stay. Add a flight to this trip and receive up to $200 in statement credits once you select a qualifying airline and pay for incidental fees with your Card. (Select benefits require enrollment.)

You'll also gain access to more than 1,200 airport lounges in over 130 countries through the American Express Global Lounge Collection. You'll also automatically earn Gold Status with the Marriott Bonvoy and Hilton Honors programs. (Select benefits require enrollment.)®

Card Details
  • Earn 100,000 Membership Rewards points after spending $6,000 in the first 6 months
  • 5X points per dollar spent on eligible airfare (on up to $500,000 per calendar year, after that 1X) and eligible hotel purchases, and 1X points per dollar on all other eligible purchases
  • Terms apply

Intro Offer

Earn 100,000 points after spending $15,000 in the first 3 months

Annual Fee

$95

Rewards Rate

3X points on the first $150,000 spent each year on travel, shipping, internet, cable, or phone services, and advertising purchases with social media and search engines; and 1X points per $1 on everything else

Why We Like It

For business owners looking for a rewards card with premium benefits, the Ink Business Preferred® Credit Card is a standout option. It has a lucrative sign-up bonus, valuable rewards program, and flexible redemption options.

With this card, you’ll earn 3X Chase Ultimate Rewards points on the first $150,000 spent each year on travel, shipping, internet, cable, or phone services, and advertising purchases with social media and search engines.

It also has comprehensive travel benefits, including trip cancellation and interruption insurance, primary car rental insurance, and cell phone protection.

Card Details
  • Earn 100,000 points after spending $15,000 in the first 3 months
  • 3X points on the first $150,000 spent each year on travel, shipping, internet, cable, or phone services, and advertising purchases with social media and search engines; and 1X points per $1 on everything else

Costco Anywhere Visa® Card by Citi

Costco Anywhere Visa® Card by Citi

Costco Anywhere Visa® Card by Citi

Intro Offer

Get special access to purchase tickets to thousands of events with Citi Entertainment

Annual Fee

$0

Rewards Rate

4% cash back on eligible gas and EV charging purchases (up to $7,000), 3% on restaurant and travel purchases, 2% on all other Costco purchases, and 1% on everything else

Why We Like It

The Costco Anywhere Visa® Card by Citi is an excellent option for loyal Costco customers and those looking to earn cash back on their everyday purchases. 

Cardholders can earn 4% cash back on eligible gas and EV charging purchases (up to $7,000), 3% on restaurant and travel purchases, 2% on all other Costco purchases, and 1% on everything else.

With no annual fee and decent rewards, this credit card is a good value if you're a Costco member.

Card Details
  • Get special access to purchase tickets to thousands of events with Citi Entertainment
  • 4% cash back on eligible gas and EV charging purchases (up to $7,000), 3% on restaurant and travel purchases, 2% on all other Costco purchases, and 1% on everything else

In this article

The best rewards credit cards

Card name Best for Why it’s special
Chase Sapphire Preferred® Card Generous sign-up bonus 60,000-point welcome bonus and high bonus rewards in common spending categories
The Platinum Card® from American Express Premium travel perks 5X rewards on flights booked directly with airlines or on Amextravel.com (on up to $500,000 per calendar year, after that 1X) and prepaid hotels booked on Amextravel.com purchases; Uber rideshare credit; and complimentary status at Hilton and Marriott Bonvoy hotels (certain benefits require enrollment)
Chase Freedom Unlimited® Earning everyday rewards Earn an extra 1.5% cash back on all eligible purchases, on up to $20,000, in the first year as well as regular rewards of 5% on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstore purchases, and 1.5% on all other purchases
Citi® Double Cash Card Balance Transfers Introductory 0% APR on balance transfers for 18 months (then 16.24% to 26.24% (variable)) and up to 2% cash back
Ink Business Preferred® Credit Card Business spending Earn 100,000 points after spending $15,000 in the first 3 months and up to 3X points
Blue Cash Preferred® Card from American Express Grocery purchases Earns 6% on U.S. supermarkets (on up to $6,000 per year, after that 1X) and select U.S. streaming services
Costco Anywhere Visa® Card by Citi Gas purchases Earns 4% at eligible restaurant and travel purchases
Capital One® Savor® Cash Rewards Credit Card Dining out Earns 8% unlimited cash back on Capital One Entertainment and Vivid Seats purchases
Citi Rewards+® Card No annual fee Has a $0 and offers a unique round-up feature on purchases, so you can earn extra points on everyday purchases

Chase Sapphire Preferred® Card: Best for a generous sign-up bonus

The Chase Sapphire Preferred is a tiered bonus category rewards card that offers new cardholders an appealing sign-up bonus. You’ll earn 60,000 points after spending $4,000 on purchases in the first 3 months of account opening. This bonus is valued at $750 dollars when redeemed for travel through Chase Ultimate Rewards.

This card is ideal if you’re new to the Chase Sapphire line of products and haven’t received a Sapphire bonus within the past 48 months. Its $95 annual fee provides a lower barrier of entry than the Chase Sapphire Reserve®’s $550 annual fee.

Cardholders whose spending habits favor traveling benefit the most when using the Chase Sapphire Preferred for daily spending. You’ll earn 5X points on Lyft rides and travel booked through Chase Ultimate Rewards; 3X points on eligible dining, select streaming services, and online grocery purchases; 2X points on travel; and 1X points per $1 on all other eligible purchases. You'll also get a $50 annual hotel credit for purchases made through Chase Ultimate Rewards and receive exclusive benefits from DoorDash's subscription service, Dashpass, including unlimited deliveries, waived delivery fees, and reduced service fees. And each year on your card anniversary, you'll earn bonus points equal to 10% of the total purchases you made in the previous year.

The Platinum Card® from American Express: Best for premium travel perks

The American Express Platinum Card is a trusty companion for travelers who enjoy a luxury travel experience. It’s regarded as one of the best rewards cards for those who don’t mind paying a premium price ($695 (See rates and fees) annual fee (terms apply)) for VIP treatment.

Some of the many travel perks include 5X points on flights booked directly with airlines or on Amextravel.com (on up to $500,000 per calendar year, after that 1X) and prepaid hotels booked on Amextravel.com, up to $200 in Uber Cash, a Global Entry or TSA PreCheck application fee credit, and no foreign transaction fees. Cardholders also get access to the exclusive Centurion Lounge, receive benefits for stays at partner hotels, and more. Note that certain benefits require enrollment. While the Amex Platinum is a valuable card, some travelers prefer to earn Chase Ultimate Rewards. If this sounds like you, check out the Chase Sapphire Reserve card instead.

Chase Freedom Unlimited®: Best for earning everyday cash back

The Chase Freedom Unlimited has powerful categories that help you earn on both everyday and discretionary spending. Cardholders earn 5% on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstore purchases, and 1.5% on all other purchases.

If you already own the Chase Sapphire Reserve card and the Chase Freedom Flex℠ card, the Freedom Unlimited card completes the Chase trifecta for maximum earning in the Ultimate Rewards universe.

Citi® Double Cash Card: Best for balance transfers

A balance transfer card can be a helpful debt consolidation tool, and the Citi Double Cash card comes out on top as a multi-faceted option. It offers a 0% introductory APR on balance transfers for 18 months (then 16.24% to 26.24% (variable)), which helps you pay off your at no extra interest over a generous time. There is a relatively low balance transfer fee with this card, but it has a $0 annual fee, and you can earn up to 2% cash back cashback rewards.

Although you won’t earn rewards on a transferred balance, the Citi Double Cash is a workhorse for new purchases. You’ll earn up to 2% cash back on all purchases: 1% as you buy and 1% as you pay for those purchases. There are no bonus categories or caps to worry about. It’s a functional card for those looking to pay down their existing debt and earn rewards. For more of our top picks, check out our list of the best balance transfer cards.

Ink Business Preferred® Credit Card: Best for business spending

Starting a small business means you might have to spend on a few upfront costs. New Chase Ink Business Preferred cardholders can earn an impressive 100,000 bonus points. To receive the bonus, you’ll need to spend a minimum of $15,000 in the first 3 months of opening a new account.

Beyond the welcome bonus, the Chase Ink Business Preferred is among the best business credit cards, because of its practical bonus categories. You can earn 3X points on the first $150,000 spent each year on travel, shipping, internet, cable, or phone services, and advertising purchases with social media and search engines; and 1X points per $1 on everything else.

If a high percentage of your spending hits all of most of these bonus categories, the rewards opportunity and sign-up bonus might be well worth the $95 annual fee. That said, if you prefer a no annual fee business card, the The Blue Business® Plus Credit Card from American Express may be a better option.

Blue Cash Preferred® Card from American Express: Best for grocery purchases

If you gravitate toward a home-cooked meal more than eating at a restaurant, the Amex Blue Cash Preferred card is a strong option. It has a $95 (See rates and fees) annual fee, but rewards cardmembers with 6% cash back at U.S. supermarkets (on up to $6,000 per year, after that 1X) and select U.S. streaming services.

This card is best for cardmembers with a modest monthly grocery budget who also don’t shop at supercenters or warehouse stores, which are ineligible for the bonus cash back rate. It also earns 3% on U.S. gas stations and eligible transit and 1% on all other purchases. 

Costco Anywhere Visa® Card by Citi: Best for gas purchases

Those who brave a long daily commute to work or choose long, scenic road trips as their preferred vacation can find value in the Costco Anywhere Visa Card. The card offers 4% cash back on eligible gas and EV charging purchases (up to $7,000), 3% on restaurant and travel purchases, 2% on all other Costco purchases, and 1% on everything else.

If you don’t fill your gas tank at the same fuel station every time, this card offers a flexible alternative to getting locked into a specific gas card. While you do need a Costco membership to qualify for this card, the cash back you’re likely to earn will more than offset the $60 Costco membership fee.

Capital One® Savor® Cash Rewards Credit Card: Best for dining out

The Capital One Savor Rewards card is a handy card for those who dine out frequently. As a cardholder, you’ll earn 8% cash back on Capital One Entertainment and Vivid Seats purchases; 4% cash back on dining, entertainment, and select streaming services; 3% at grocery stores (excluding superstores such as Walmart® and Target®), and 1% cash back on all other purchases. This card offers tremendous value, whether you’re ordering takeout or eating at your favorite restaurant.

New cardholders can earn a $300 cash bonus after spending $3,000 in the first 3 months, which makes up for the $95 annual fee.

Citi Rewards+® Card: Best for no annual fee

The Citi Rewards+ Card is among the best no annual fee credit cards that let you earn points on your everyday purchases. With this card, you can earn 2X points at supermarkets and gas stations on the first $6,000 in purchases per year (and then 1X points thereafter), and 1X points on all other purchases. While the earning rate is lower than what you might see with a higher-tier card, the Rewards+ offers an exclusive benefit that adds value for cardholders.

Rewards on all purchases with this card are rounded up to the nearest increment of ten. So whether you purchase a $2 candy bar or a $9 coffee mug, you’ll earn 10 points back. If you use this card regularly, the round-up feature can help you rack up rewards quickly.

Methodology: How we chose these cards

The rewards credit cards listed were chosen based on a combination of factors. These criteria included whether a welcome bonus was offered, the minimum spend required to earn the bonuses, and the value of the offer.

Prospective long-term rewards were also a key factor. We looked at bonus rewards categories, earning caps on rewards, and if flexible redemption options were available. The cost to carry the card (e.g., the annual fee) and other limitations were also compared against the value of its benefits and rewards.

The 3 types of rewards credit cards

Although the best rewards cards listed are bucketed together, the type of rewards you earn will vary based on the credit card issuer and type of card you choose. Here are three types of rewards credit cards and how they add value in different ways. The best card for you will be the one that suits your needs best.

Cashback rewards cards

Cashback credit cards let you earn a certain percentage of cash back based on your purchases. Certain cards may offer flat-rate cash back, and others may offer bonus rewards in rotating categories. When you’re ready to redeem your cashback rewards, you can do so in the form of statement credit on your account, a direct deposit or check, or a gift card or donation. We recommend you pick from among the best cashback credit cards.

Travel rewards cards

Some of the best travel credit cards are issued by financial institutions and may be co-branded with an airline or hotel. These rewards credit cards typically have benefits and perks that help you save money and enjoy a better travel experience.

Some travel rewards offer the biggest value when you redeem them for airfare or hotel stays, but many also offer flexible redemption options that let you transfer rewards to your preferred airline or hotel.

Store rewards cards

You can also find rewards credit cards for your favorite retail stores. These cards offer store-specific rewards that can help you save on future online or in-store purchases. Some store cards also offer tiered status, depending on how much you spend with the brand. In exchange for a higher spend, the store might offer a bigger percentage off of your next purchase or other perks.

Chase Ultimate Rewards

Chase Ultimate Rewards is the rewards program for Chase’s suite of rewards credit cards.

You can redeem Ultimate Rewards points in a number of ways, which makes this program very flexible. For example, points can be redeemed for cash back or a statement credit, gift cards, merchandise, or toward Amazon or Apple purchases. When you redeem points for travel through Chase Ultimate Rewards, they are worth 25% more.

Chase also partners with many airlines and hotels. Rewards transfers are typically offered at a 1:1 ratio, which ensures your points don’t lose their value.

Chase Ultimate Rewards transfer partners include:

  • Aer Lingus, AerClub
  • Air Canada Aeroplan
  • British Airways Executive Club
  • Emirates Skywards
  • Flying Blue Air France KLM
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United Airlines MileagePlus
  • Virgin Atlantic Flying Club

Hotel partners under Chase Ultimate Rewards include IHG Rewards Club, Marriott Bonvoy, and World of Hyatt.

American Express Membership Rewards

The American Express Membership Rewards program lets you use earned points that can be redeemed for statement credits, gift cards, or merchandise. You can also use them to book on Amex Travel — which typically provides the most value — or donate to charity.

When shopping on store websites that partner with American Express Membership Rewards, you can easily redeem points at checkout. Some popular retailers that participate are Best Buy, Amazon, and Walmart.

Like Chase Ultimate Rewards, travelers can also transfer points to Amex partners. Airline partners include:

  • Aer Lingus, AerClub
  • AeroMexico, Club Premier
  • Aeroplan
  • Air France KLM
  • Alitalia, MilleMiglia Program
  • Al Nippon Airways
  • Asia Miles
  • Avianca LifeMiles
  • British Airways Executive Club
  • Delta Air Lines SkyMiles
  • El Al Israel Airlines, Frequent Flyer Club
  • Emirates Skywards
  • Etihad Airways, Guest Miles
  • Hawaiian Airlines HawaiianMiles
  • Iberia Plus
  • JetBlue TrueBlue
  • Qantas Loyalty, Frequent Flyer
  • Singapore Airlines, KrisFlyer
  • Virgin Atlantic Flying Club

Amex also has three hotel partners: Choice Privileges, Hilton Honors, and Marriott Bonvoy.

Capital One Venture Rewards

Depending on the kind of Capital One card you have, you can choose to participate in the Capital One Venture Rewards loyalty program to earn points or miles. Your Capital One Venture rewards never expire as long as the account is active.

You can redeem your rewards as cash back, for travel, on Amazon, and more. Capital One also has 14 travel partners:

  • Accor Live Limitless
  • AeroMexico, Club Premier
  • Aeroplan
  • Air France KLM
  • Alitalia, MilleMiglia Program
  • Asia Miles
  • Avianca LifeMiles
  • Emirates Skywards
  • Etihad Airways, Ethiad Guest
  • EVA Air, Infinity MileageLands
  • Finnair, Finnair Plus
  • JetBlue TrueBlue
  • Qantas Loyalty, Frequent Flyer
  • Singapore Airlines, KrisFlyer

Are rewards credit cards worth it?

Though you'll likely need a good or excellent credit score to get approved for a rewards card, they can offer incredible value on purchases you would have otherwise made with cash or conventional credit cards. There are many scenarios in which a rewards card can be useful, whether you opt for a cashback card or a travel card.

For example, if you’re planning a wedding and already have savings set aside for expenses, like the venue or catering. Instead of paying vendors with cash, opt to use one of the best credit cards for weddings, and repay the credit card statement in full using the savings you’ve set aside. By doing so, you’ll accumulate rewards from the wedding expenses that you can use to offset the cost of a honeymoon.

Using a rewards card is also valuable if your timing is strategic. If you need a new laptop, for example, and are planning to purchase one soon, you might try to find a rewards card that offers a lucrative welcome offer. When you make the purchase within the welcome promotion window and hit the minimum spend, you can earn rewards to offset the cost of the laptop. Just make sure you have enough saved to repay the charge.

When used responsibly, rewards credit cards can help you save. Many also offer valuable perks that can help make your travel experiences more enjoyable.

FAQs

Are rewards credit cards worth it?

Rewards credit cards typically offer rewards for every purchase you make, which increases their value over using cash or most debit cards. These rewards could come in the form of cash back, points, or miles. In addition, many rewards cards provide helpful benefits, such as earning bonus rewards in common spending categories, like groceries or gas.

How do I maximize my credit card points?

One of the best ways to maximize earning credit card points is to use rewards credit cards for every purchase you make as long as you’re not paying fees to use that credit card. This includes using your card to buy groceries, do online shopping, fill up your gas tank, and more.

To be more efficient, consider using different rewards cards for different types of purchases. If one credit card earns bonus rewards on dining, make sure that’s the card you use when going to restaurants or ordering takeout. Then follow the same strategy with each credit card you have and their bonus categories. It may take a little organization, but it could earn you a lot more rewards.

Which credit card pays the most cash back?

Cashback credit cards like the Citi Double Cash and Chase Freedom Unlimited offer some of the best cashback rates available for everyday spending. But many of the best cashback credit cards also offer higher cashback rates in specific categories. For example, the Blue Cash Preferred Card from American Express offers a high 6% cashback rate on purchases from U.S. supermarkets (on up to $6,000 per year, after that 1X) and select U.S. streaming services.

How much are credit card rewards points worth?

The value of your credit card rewards depends on which credit cards you’re using, though each point being worth 1 cent is a good rule of thumb. For example, 10,000 Membership Rewards points on the Amex Platinum would be worth $100 toward qualifying flights.

On the Chase Freedom Unlimited, 10,000 Ultimate Rewards points would also be worth $100 toward travel redemptions. But on the Chase Sapphire Reserve, 10,000 points would be worth $150 toward travel redemptions. Be sure to check your credit card’s rewards program to see how much your rewards are worth for different types of redemptions.

What credit score do I need to get a rewards credit card?

Credit card issuers will check your credit history before they approve you for a new account. Many rewards credit cards typically require good credit or even excellent credit scores to qualify because of their increased earning potential and benefits.


Bottom line

If you’re in the market for a new card, chances are you’ll find a rewards card that aligns with your needs and personal finances. Whether you’ve just figured out how to start a business or are making a large purchase, the best rewards credit card can earn you extra savings on the purchases you’re already making.

Unlimited Cash Back

Intro Offer

Earn an extra 1.5% cash back on all eligible purchases, on up to $20,000, in the first year

Annual Fee

$0

Rewards Rate

5% on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstore purchases, and 1.5% on all other purchases

Benefits and Drawbacks

Benefits

  • Earn an extra 1.5% cash back on all eligible purchases, on up to $20,000, in the first year
  • Bonus rewards on travel, dining, and drugstores
  • No annual fee
  • 0% intro APR on purchases and balance transfers

Drawbacks

  • Has foreign transaction fee
Card Details
  • Earn an extra 1.5% cash back on all eligible purchases, on up to $20,000, in the first year
  • 5% on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstore purchases, and 1.5% on all other purchases
  • Intro purchase 0% APR offer: 0% for 15 months then 17.24% to 25.99% (variable)
  • Intro balance transfer 0% APR offer: 0% for 15 months then 17.24% to 25.99% (variable)

Author Details

Jennifer Calonia Jennifer Calonia is a native Los Angeles-based writer and editor with eight years of experience in personal finance. She's passionate about helping others pay off debt, navigate family finance, and use rewards credit cards, responsibly. She's been featured on Forbes, The Huffington Post, Business Insider, Credit Karma, Nerdwallet, and more. To find more information about her work, visit JenniferCalonia.com.