Rewards credit cards come in primarily two varieties: travel cards and cashback cards. Travel cards typically give you either miles or points for each dollar that you spend. You can redeem all those points or miles for hotel stays, free flights, and more. Cash-back cards pay you a percentage of the amount you spend for each transaction. If you’re interested in applying for a rewards credit card, here are our top picks.
Chase Freedom Unlimited
The Chase Freedom Unlimited was already a pretty great card when it offered a cashback of 1.5% on all purchases. But now it’s even better, given that it offers bonus rewards for any travel you book via Chase, as well as drugstores and restaurants. New cardholders are offered an excellent bonus, too.
Annual fee: $0
Rewards rate: 1.5% – 6.5% cashback
Intro offer: $300
Recommended credit score: 690 – 850
Capital One Venture Rewards Credit Card
Easy to earn rewards have rightly made this card one of the most preferred travel credit cards on the market. You get an amazing bonus of 75,000 miles if you spend $4,000 on purchases during the first three months from account opening. You also earn 2X miles on each transaction you make every day.
Annual fee: $95
Rewards rate: 2x – 5x miles
Intro offer: 75,000 miles
Recommended credit score: 690 – 850
Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card offers amazing flexibility and outstanding value, including giving you the option of transferring the rewards you earn to hotel loyalty and airline programs for an affordable annual fee.
Annual fee: $95
Rewards rate: 1x – 5x miles
Intro offer: 60,000 miles
Recommended credit score: 690 – 850
Wells Fargo Active Cash Card
The Wells Fargo Active Cash Card gives you a unique combination of perks that very few flat-rate cards in the market offer. The best among these is the unlimited 2% cash back you stand to earn on every purchase you make. The joining bonus is limited but pretty easy to earn, as well.
Annual fee: $0
Rewards rate: 2% cashback
Intro offer: $200
Recommended credit score: 690 – 850