Rewards Credit Cards
Are you looking for the best rewards credit card? There are literally too many rewards cards to count online. Most of them offer different types of rewards such as cash back, flyer miles, travel rewards, and points. The nice thing about these cards are that you get rewarded for the purchases you make everyday. With so many to choose from we decided to do the research and put together a list of the Top rewards cards that we feel offers the best overall value to consumers.
The major issuing banks have been really competitive with the credit card rewards that they offer. They are all trying to win over the wallets of cardholders. That has been great news for consumers because the quality of the rewards being offered have never been better. When we created our list we took into account not only the rewards being offered, but also the interest rates and any annual fees of the cards. Please review our Top 5 Rewards Credit Cards list and select the card that is right for you.
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Capital One® Venture(SM) Rewards Credit Card |
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- Money® Magazine’s “Most Rewarding Card if you crave free airline flights”
- 2 miles per dollar on every purchase, every day
- Earn 10,000 bonus miles, equal to $100 in travel
- Redeem your miles for any travel expense
- No limit on the miles you can earn and miles won’t expire
- Fly free on any airline, any time with no blackout dates
- No foreign transaction fees
- $0 intro annual fee for the first year; $59 after that
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Intro Purchase APR
See Terms* |
Intro Balance Trans. APR
See Terms* |
APR
See Terms* |
Annual Fee
See Terms* |
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Chase Sapphire Preferred(SM) Card |
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- Earn 40,000 bonus points after you spend $3,000 in the first 3 months – that’s $500 toward travel rewards!
- 2 points per dollar spent on travel and at restaurants & 1 point per dollar spent on all other purchases.
- Get 20% off airfare, hotels, car rentals and cruises when you book through Ultimate Rewards(SM)
- No foreign transaction fees
- Receive a 7% annual dividend on all new points earned – even on points already redeemed
- 1:1 point transfer to participating frequent travel programs
- Direct access to expert service advisors anytime
- No Annual Fee for your first year – A $95 value
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Intro Purchase APR
N/A* |
Intro Balance Trans. APR
N/A* |
APR
15.24% *(Variable) |
Annual Fee
$95 Annual Fee
Waived First Year |
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Capital One® Cash Rewards – Excellent Credit
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- $100 Bonus after you spend $500 in the first 3 months
- 50% bonus on the cash back you earn every year
- 1% cash back on all purchases
- No annual fee
- Earn unlimited cash rewards that don’t expire
- Redeem cash rewards anytime for any amount, even set up automatic redemption
- Personalize your card with an image of your choice
- 0% intro APR on purchases and balance transfers until May 2013.
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Intro Purchase APR
See Terms* |
Intro Balance Trans. APR
See Terms* |
APR
See Terms* |
Annual Fee
See Terms* |
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Capital One® VentureOne(SM) Rewards Credit Card
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- 1.25 miles per dollar on every purchase, every day
- Earn 10,000 bonus miles, equal to $100 in travel
- Redeem miles for airline tickets, hotel rooms, car rentals and more
- No limit on the miles you can earn and miles won’t expire
- Fly free on any airline, any time with no blackout dates
- 0% intro APR on purchases until May 2013
- No foreign transaction fees
- No annual fee
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Intro Purchase APR
See Terms* |
Intro Balance Trans. APR
See Terms* |
APR
See Terms* |
Annual Fee
See Terms* |
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Discover® More® Card |
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- 0% intro APR on purchases and balance transfers for 15 months, then the variable standard purchase APR of 10.99% – 20.99%*
- 5% Cashback Bonus® in categories that change like gas, restaurants, department stores and more. Limitations apply*
- Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
- Discover is ranked #1 in customer loyalty–16 years in a row! (2012 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S.-based Account Manager within 60 seconds
- $0 Fraud Liability plus automatic mobile and email fraud alert options
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
- *Click apply to view rates, fees, rewards, limitations and other important information
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Intro Purchase APR
0% for 15 months* |
Intro Balance Trans. APR
0% for 15 months* |
APR
10.99% – 20.99% (Variable)* |
Annual Fee
$0 |
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Chase Freedom® Visa |
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- This offer is for people with a good to excellent credit history which means, among other things, that your credit history is clear of bankruptcy and seriously delinquent accounts
- Earn $100 Bonus Cash Back after you make $500 in purchases in your first 3 months
- 0% Intro APR for 15 months on purchases and balance transfers
- 5% Cash Back on up to $1,500 spent at grocery stores and movie theaters from 4/1/12 – 6/30/12
- You’ll enjoy new 5% categories every 3 months like gas stations, restaurants and even airlines. It’s free and easy to activate your bonus each quarter!
- Unlimited 1% Cash Back on all other purchases
- Up to an additional 10% Cash Back when you shop online at select merchants through Chase. No annual fee and rewards never expire
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Intro Purchase APR
0% for 15 months* |
Intro Balance Trans. APR
0% for 15 months* |
APR
12.99% – 22.99% Variable* |
Annual Fee
$0* |
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Citi® Dividend Platinum Select® Visa® Card |
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- $100 cash back after $500 in purchases within the first 3 months of account opening
- 0% Intro APR on Balance Transfers and Purchases for 12 months. After that, the APR will be 12.99%-22.99% variable based on your creditworthiness*
- Earn 5% cash back at The Home Depot and on Home Furnishing and Home & Garden purchases from 4/1/12 to 6/30/12 when you enroll.
- Each quarter, you can enroll to earn additional cash back in popular categories.
- Full 1% cash back on all other purchases and eligible cash advances.
- No annual fee*
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Intro Purchase APR
See Terms* |
Intro Balance Trans. APR
See Terms* |
APR
See Terms* |
Annual Fee
See Terms* |
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Delta Airlines – Gold Delta Skymiles® Credit Card |
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- Earn 30,000 bonus miles toward Award Travel when you spend $500 on the Card in the first three months from account opening
- $0 intro annual fee for the first year, then $95
- Check your first bag free- for up to 9 people on your reservation- on every Delta flight
- Receive double miles on Delta purchases and 1 mile for all other eligible dollars spent
- Priority Boarding and 20% In-Flight Savings
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Intro Purchase APR
N/A* |
Intro Balance Trans. APR
N/A* |
APR
15.24% – 19.24% Variable* |
Annual Fee
$0 intro annual fee
for the first year, then $95 |
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Citi ThankYou® Preferred Rewards Card – $250 in Gift Cards |
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- $250 in gift cards – When you redeem the 25,000 bonus ThankYou® Points received after $2,000 in purchases within 4 months of account opening
- Earn 1 point for every $1 you spend on all purchases
- Receive an anniversary bonus every year you’re a cardmember
- No expiration and no limit on the points you can earn
- Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
- No annual fee*
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Intro Purchase APR
N/A* |
Intro Balance Trans. APR
N/A* |
APR
12.99% – 22.99% (Variable)* |
Annual Fee
$0 |
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Southwest Airlines Rapid Rewards® Plus Credit Card |
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- Now! Earn a Free Flight after your first purchase
- Get 3,000 Points every year on your Card member Anniversary – that can be redeemed for a $50 Wanna Get Away® Fare
- Now you can redeem for International Travel, Hotels, Gift Cards and more.
- Earn unlimited Free Flights – 2 Points per $1 Spent on Southwest Purchases and 1 Point per $1 Spent on Everything else
- Your Bags Fly Free! No Blackout Dates, Points Don’t Expire, and Unlimited Reward Seats!
- No Change fees – if you need to change your flight, you won’t be charged a fee
- September 11th Security Fee Applies
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Intro Purchase APR
N/A* |
Intro Balance Trans. APR
N/A* |
APR
15.24%* (Variable) |
Annual Fee
$69.00* |
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Advantages of Credit Card Rewards
There are financial gurus that talk about how paying for everything in cash is the way to go. The true secret to financial freedom is self control. Credit cards aren’t the problem, rather it is how you use them. If you can pay your bill off monthly, credit cards can offer a world of advantages. If you can earn rewards for the purchases you make everyday, wouldn’t that interest you? You can earn cash back, airline miles, or reward points just by using a credit card. Those rewards can help pay for a trip, put cash in your pocket, or even get you free merchandise. To get the greatest benefit you wouldn’t want to carry a balance and pay interest. It would be best to set aside the cash you would have used and put that towards your credit card bill.
Selecting the Best Rewards Credit Card
There are literally hundreds of different rewards credit cards available, but how do you know which cards will provide you the best rewards? First you need to decide what type of reward is best for you. Once you made your choice between airline miles, cash back, or reward points, then you need to look at the features that those cards have to offer. When we developed our rankings, we took into account annual fee, introductory rates, on-going interest rates, and how quickly you can earn rewards. All that can be a lot to consider for someone who doesn’t review cards on a daily basis. For this reason we formed our Top 5 Rewards Card list.
The Different Types of Reward Cards
There are three main types of credit card rewards. The most popular type would be cash back. If you prefer the ultimate flexibility that cash offers, a cash back credit card might be your choice. The second most popular would be earning travel rewards. If you like taking trips and want to save for a vacation, airline miles or hotel points might be right for you. Finally there are reward points. In most instances you can use reward points to receive free merchandise, gift cards, airline tickets, cash back, and more. While points do offer flexibility, if they are used for airline tickets or cash back, they generally don’t redeem at the same rate as if you had a card that specialized in that type of reward. So if you prefer to earn cash back or airline miles, we recommend you choice a reward card that has that feature as the main focus.
