Best Points Rewards Cards

Overview:

  • Earn bank rewards points on your everyday spend.
  • Bonus offer – new card holders may be eligible for welcome bonuses of up to 50,000 points.
  • Transfer points to your favorite eligible airline or hotel travel partner, or redeem for gift cards, cash, or a statement credit.
  • Enjoy additional travel perks like travel insurance, waived foreign transaction fees, and airport lounge access.
  • Terms vary by partner offer. Please see each bank’s application for terms and conditions.
  • Clicking View Cards will take you to CreditCards.com to compare Points Rewards cards from participating partners.

What are credit card rewards points?

Credit card points are rewards that you can earn for spending money on a credit card. For every dollar you spend, the best points rewards cards will give you points toward certain rewards, which can include airline travel, hotel travel, cash back or gift cards to retailers. For the best points rewards cards, you can redeem credit card points for free travel or free hotel stays.

Here are the best points rewards cards of 2020

Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card helps you earn 2X points on travel and dining at restaurants worldwide and 1 point per dollar spend on all other purchases. With no foreign transaction fees and 1:1 point transfers at leading airline and hotel rewards programs, the Chase Sapphire Preferred® Card is a great option to earn rewards and redeem them through Chase Ultimate Rewards.

Current Bonus: $60,0000 Bonus Points

Annual Fee: $95, but waived first year

Regular APR: 15.99% – 22.9%

Great Benefits: The Chase Sapphire Preferred® Card has great benefits, including:

  • Earn $60,0000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
  • That means $60,0000 bonus points is valued at $750 toward travel when you redeem through Chase Ultimate Rewards®.
  • Chase Sapphire Preferred was named “Best Credit Card for Flexible Travel Redemption.”
  • 2X points on travel and dining at restaurants worldwide.
  • 1 point per dollar spent on all other purchases.
  • No foreign transaction fees.
  • 1:1 point transfer to leading airline and hotel loyalty programs.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, $60,0000 points are worth $750 toward travel.
  • No blackout dates or travel restrictions – so long as there’s a seat on the flight, you can book it through Chase Ultimate Rewards.

Blue Cash Preferred® Card from American Express

The Blue Cash Preferred® Card from American Expresshelps you get 6% back back at U.S. supermarkets up to $6,000 per year in purchases. After you spend $6,000 at U.S. supermarkets, then you can earn 1% cash back on all purchases at U.S. supermarkets. With the Blue Cash Preferred® Card from American Express, you can receive 6% cash back on select streaming subscriptions, 3% cash back on transit such as taxis, rideshares, parking, tolls, trains, buses and more. You can also earn 3% cash back at U.S. gas stations and 1% cash back on all other purchases.

Current Bonus: $250

Annual Fee: $95

Regular APR: 12.99% – 23.99%

Great Benefits: The Blue Cash Preferred® Card from American Express has great benefits, including:

  • Earn a $250 statement credit after you spend $1,000 in purchases on your new card within the first 3 months of account opening.
  • Earn 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1% on purchases).
  • Earn 6% cash back on select U.S. streaming subscriptions.
  • Earn 3% cash back at U.S. gas stations and on transit (including taxis, rideshares, parking, tolls, trains, buses and more.
  • Earn 1% cash back on all other purchases.
  • 0% intro APR: 0% for 12 months on purchases and balance transfers from the date of account opening.
  • Cash back that you receive is in the form of reward dollars that can be redeemed as a statement credit.

Blue Cash Everyday® Card from American Express

The Blue Cash Everyday® Card from American Express helps you get 0% APR for 15 months. With no annual fee, you can also earn great cash back rewards, including 3% cash back at supermarkets, 2% cash back at gas stations and 1% cash back on all other purchases.

Current Bonus: $150

Annual Fee: $0

0% APR Period: 15 months

Regular APR: 12.99% to 23.99%

Great Benefits: The Blue Cash Everyday® Card from American Express credit card has great benefits, including:

  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • 0% Intro APR on purchases and balance transfers for 15 months.
  • Redeem cash back as statement credit, merchandise or gift cards.

Marriott Bonvoy Boundless™ Credit Card

The Marriott Bonvoy Boundless™ Credit Card helps you earn 6 Bonvoy points for every $1 you spend at eligible Marriott hotels that participate in Marriott Bonvoy™. You can also earn 2 Bonvoy points for every $1 that you spend on all other purchases. With no foreign transactions fees, you’ll also get automatic Silver Elite Status each year, and you can receive Gold Status once you spend $35,000 in an account year. You can also receive 1 Free Night Award every year after your account anniversary and 15 Elite Nights Credits each calendar year.

Current Bonus: 75,000 points

Annual Fee: $95

Regular APR: 15.99% – 22.99%

Great Benefits: The Marriott Rewards® Premier Plus Credit Card has great benefits, including:

  • Earn 75,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening.
  • Earn 6X points per $1 spent at over 6,700 participating Marriott Rewards & Starwood Group (SPG) hotels.
  • Earn 2X points for every $1 spent on all other purchases.
  • Automatic Silver Elite Status each account anniversary year.
  • Gold Status when you spend $35,000 on purchases each account year.
  • 15 Elite Night Credits each calendar year.
  • 1 Free Night Award (valued up to 35,000 points) every year after account anniversary.

Capital One® VentureOne® Rewards Credit Card

The Capital One® VentureOne® Rewards Credit Card helps you earn 1.25 miles on every purchase. With no annual fees and no foreign transaction fees, the Capital One® VentureOne® Rewards Credit Card also offers 0% APR for 12 months.

Current Bonus: 20,000 miles

Annual Fee: $0
0% APR Period: 12 months

Regular APR: 15.49% – 25.49%

Great Benefits: The Capital One VentureOne Rewards credit card has great benefits, including:

  • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel.
  • Earn 1.25x miles on every purchase, every day and pay no annual fee. Plus earn 10X miles on thousands of hotels; learn more at hotels.com/venture.
  • Fly any airline, stay at any hotel, anytime.
  • Travel when you want with no blackout dates.
  • No foreign transaction fees.
  • Miles won’t expire for the life of the account and there’s no limit to how many you can earn.

Southwest Rapid Rewards® Plus Credit Card

The Southwest Rapid Rewards® Plus Credit Card helps you get 2 points for every $1 you spend on Southwest® purchases as well as Rapid Rewards® hotel and car rental partner purchases. You can also earn 1 point for every $1 that you spend on all other purchases.

Current Bonus: 40,000 points

Annual Fee: $149

Regular APR: 15.99% – 22.99%

Great Benefits: The Southwest Rapid Rewards® Plus Credit Card has great benefits, including:

  • Earn 40,000 points after you spend $1,000 on purchases in the first 3 months after account opening.
  • Earn 2 points per $1 you spend on Southwest® purchases as well as Rapid Rewards® hotel and car rental partner purchases.
  • Earn 1 point per $1 you spend on all other purchases.
  • Earn 7,500 bonus points after your cardmember anniversary.
  • Receive a $75 Southwest® travel credit each year.
  • Receive four (4)upgraded boardings per year when available.
  • Receive 20% back on in-flight drinks and WiFi.
  • No foreign transaction fees.

American Express® Gold Card

The American Express® Gold Card helps you get 4 Membership Rewards® points for every $1 you spend when you dine at restaurants worldwide. You can earn 4 Membership Rewards® points at U.S. supermarkets on up to $25,000 per year in purchases, and then 1 Membership Rewards® point for every $1 on purchases at U.S. supermarkets thereafter.You also earn 3 Membership Rewards® points on flights that you book directly with airlines or on amextravel.com.

Current Bonus: 35,000 points

Annual Fee: $250

Regular APR: 15.99% – 22.99%

Great Benefits: The American Express® Gold Card has great benefits, including:

  • Earn 35,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new American Express® Gold Card within the first 3 months.
  • Earn 4X Membership Rewards® points for every $1 you spend at restaurants worldwide.
  • Earn 4X Membership Rewards® points for every $1 you spend at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X for every $1 spent).
  • Earn 3X Membership Rewards® points for every $1 you spend on flights booked directly with airlines or on amextravel.com.
  • Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required.
  • Receive up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
  • No Foreign Transaction Fees.

Citi® Double Cash Card

The Citi® Double Cash Card helps you earn 2% cash back: 1% when you make a purchase and 1% when you pay for your credit card purchase. With no annual fee, you can earn cash back on every purchase and enjoy a 0% Intro APR on balance transfers for 18 months.

Current Bonus: $0

Annual Fee: $0

Regular APR: 13.99% – 23.99%
Great Benefits: The Citi® Double Cash Card credit card has great benefits, including:

  • Earn 2% cash back on every purchase with unlimited 1% cash back when you buy, plus an additional 1% when you pay for your credit card purchases.
  • Get 0% intro APR on balance transfers for 18 months

How do you find the best reward points card?

To find the best reward points card, you should consider several things before selecting the best reward points card for you. When you evaluate the best points rewards cards, here are some things to consider:

1. Evaluate your spending habits to find the right rewards point card

When you evaluate your spending, it will help you determine the best rewards points card for you. There are multiple best points rewards cards from which to choose. Importantly, choose the rewards points card that is best for your personal preferences and financial situation. The first step is to analyze how much you spend in each category. Common categories for the best rewards points card include travel, airlines, hotels, rental cars, gas, groceries and restaurants. Once you determine your personal spending habits, you can compare rewards for the best points rewards cards based on your spending. If you are spending more in a certain category such as travel, you can choose the best rewards card in travel, for example. Most of the best points rewards cards help you redeem rewards for points, cash back or gift cards that you can use for travel, airlines, hotels or with online retailers.

2. Your reward points card should not carry a balance to the next month

The best reward points cardmay have high interest rates. This is expected with any reward points card in exchange for the ability to earn rewards points. Therefore, when it comes tothe best points rewards card, make sure not to carry a credit balance each month. Even with the best points rewards cards, the interest rate can be more than the rewards.

3. Your reward points card has an annual fee

The best reward points card comes with an annual fee. Make sure you compare the rewards on the best points rewards cards to ensure that your annual spending will yield more points than the annual fee. One rule of thumb is to spend at least $1,000 annually on your rewardpoints card to ensure the rewards pay off.

4. The best points rewards cards should always be redeemed

With the best reward points card, make sure you redeem your points regularly so they don’t expire. When it comes to the best rewards points cards, your goal is maximize both the points you generate and awards you redeem. Check your points balances regularly on your rewards points card online account. This way, you can monitor your account to make sure your points for the your reward points card does not expire.

5. Know how you earn rewards for the best points rewards cards

The best reward points cardcan have different rewards rates from other cards. This means that even the best points rewards cards may help you earn rewards differently. For example, when you compare thebest points rewards cards, make sure to understand that how many points you earn for every dollar you spend.

You can evaluate and compare the best points rewards cards on Make Lemonade.

Is the best reward points card right for me?

A reward points card is best for people who pay off their credit card balance in full each month. If you carry a credit card balance, the interest rate can be costly. In fact, with the best points rewards cards, the interest rate can be higher than the rewards themselves. Therefore, make sure to pay off your full rewards points card balance each month.

How do you get approved for the best points rewards credit card?

To get approved for the best reward points card, you need to have strong credit. To get approved for best points rewards cards, credit card companies will evaluate your credit profile, income, other debt and your history of financial responsibility. Credit card companies want to approve customers who are likely to repay their credit card debt. This is because credit card companies want to minimize their risk. The stronger your credit, the higher likelihood that you will be approved for your rewards pointscard. If you have stronger credit, your rewards points card also may have a lower APR.

What is the best reward points credit card for me?

The best reward points credit card for you is based on your personal preference. There are no “best points rewards cards” for everyone. Rather, the best reward points card is the one that you prefer based on your spending habits and rewards preferences. For example, when you compare the best points rewards cards, you should first evaluate your spending. This process will help you better understand your spending habits and categories of spending.

Then, you can determine the best points rewards cards that help you maximize rewards in these categories. Finally, you can choose the best points rewards cards for you and redeem them for rewards such as travel or gift cards, among other rewards.

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