Best Points Rewards Cards

Credit Card

Company

Credit Needed
Chase Sapphire Preferred® Card
Sapphire Preferred
Good or Excellent
Blue Cash Preferred® Card from American Express
American Express
Good or Excellent
Blue Cash Everyday® Card from American Express
American Express
Good or Excellent
Marriott Bonvoy Boundless™ Credit Card
Marriott Bonvoy
Good or Excellent
Capital One® VentureOne® Rewards Credit Card
Capital One
Good or Excellent
Southwest Rapid Rewards® Plus Credit Card
Southwest
Good or Excellent
American Express® Business Gold Card
American Express
Good or Excellent
Capital One® Venture® Rewards Credit Card:
Capital One
Good or Excellent
Citi® Double Cash Card
Citibank
Good or Excellent
Chase Freedom Unlimited
JPMorgan Chase
Good or Excellent
Clicking “Compare Cards” will redirect you to CreditCards.com’s secure website. Please note that the credit cards referenced on Make Lemonade may not be available on Creditcards.com’s website.

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

Annual Fee

$95

APR

15.99% – 22.9%
Variable

Credit Needed

Good or Excellent
  • 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

Annual Fee

$95

APR

12.99% – 23.99%
Variable

Credit Needed

Good or Excellent
  • 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

Annual Fee

$0

APR

12.99% to 23.99%
Variable

Credit Needed

Good or Excellent
  • $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 BoundlessTM Credit Card

Annual Fee

$95

APR

15.99% – 22.99%
Variable

Credit Needed

Good or Excellent
  • 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

Annual Fee

$0

APR

15.49% – 25.49%
Variable

Credit Needed

Good or Excellent
  • 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

Annual Fee

$149

APR

15.99% – 22.99%
Variable

Credit Needed

Good or Excellent
  • 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

Annual Fee

$250

APR

15.99% – 22.99%
Variable

Credit Needed

Good or Excellent
  • 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.

Capital One® Venture® Rewards Credit Card:

Annual Fee

$95

APR

15.49% – 25.49%
Variable

Credit Needed

Good or Excellent
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel.
  • Receive up to $100 application fee credit for Global Entry or TSA Pre?®.
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs.
  • Miles won’t expire for the life of the account and there’s no limit to how many you can earn.
  • No foreign transaction fees.

Citi® Double Cash Card

Annual Fee

$0

APR

13.99% – 23.99%
Variable

Credit Needed

Good or Excellent
  • 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

Chase Freedom Unlimited®

Annual Fee

$0

APR

15.49% – 25.49%
Variable

Credit Needed

Good or Excellent
  • 0% Intro APR for 15 months on both purchase and balance transfers. Balance transfer fee is 3% of the amount transferred.
  • Unlimited 1.5% cash back on every purchase – it’s automatic.
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • No minimum to redeem for cash back.
  • Cash Back rewards do not expire as long as your account is open.
  • Free credit score, updated weekly with Credit Journey℠.

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.

Summary of Best Points Rewards Cards

Credit Card
Best For
Rewards Rate
Annual Fee
Discover it® Cash Back
Rotating category rewards
5% cash back in rotating categories
$0
Chase Freedom Flex
Rotating categories & flat-rate combo
5% cash back on travel purchased through Chase Ultimate Rewards
$0
Capital One® Venture® Rewards Credit Card
Travel rewards
2X miles on every purchase
$95
Capital One® Quicksilver® Cash Rewards Credit Card
Cash rewards
1.5% cash back on every purchase
$0
Blue Cash Preferred® Card from American Express
Everyday purchases
6% cash back at U.S. supermarkets
Limited Time Offer: $0 introductory annual fee for one year, then $95. Offer Expires 12/10/2020
Citi Rewards+ Card
Everyday purchases
2 ThankYou points per dollar at supermarkets and gas stations (up to $6,000 per year in purchases, then 1 point per dollar)
$0
Capital One® VentureOne® Rewards Credit Card
Flat rate rewards
1.25X miles on every purchase
$0
Capital One® SavorOne® Cash Rewards Credit Card
Dining and entertainment
3% cash back on dining and entertainment
$0
Discover it® Miles
Starter card for travel rewards
1.5 miles per dollar on general purchases
$0
Ink Business Unlimited Credit Card
Business cash back
1.5% cash back on every purchase
$0
Bank of America® Cash Rewards credit card
Customizable rewards
3% cash back on a category of choice
$0
Wells Fargo Propel American Express® card
No annual fee
3X points for: Eating out, ordering in, gas stations, rideshares, transit, flights, hotels, homestays, and car rentals
$0
Southwest Rapid Rewards Plus Credit Card
Airline rewards
2X points on Southwest purchases
$69
Chase Sapphire Preferred® Card
Sign-up bonus
2X points on travel and dining
$95

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