Best Rewards Cards

Overview:

  • Earn rewards with your everyday spend, and get a little closer to your next vacation.
  • Use rewards to book hotels, air travel, gift cards, or to cover travel expenses like Uber.
  • Loyalty pays off – earn additional rewards when you use your card to book a qualifying trip with your favorite hotel or airline.
  • 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 where you can compare Travel Rewards cards from participating partners.

What are credit card rewards?

Credit card rewards are rewards that you can earn for spending money on a credit card. For every dollar you spend, the top rewards credit cards will give you points toward certain rewards, which can include travel, cash back or other items such as electronics. For the best credit cards rewards programs, you can redeem travel for airfare with multiple airlines or to stay at hotels. Some top credit cards enable you to earn cash back for every dollar you spend. Credit cards with good rewards for cash back will give you a percentage of your monthly spending. You then receive cash back or a gift cards that you can use with online retailers.

Here are the best 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.

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.

The Platinum Card® from American Express

The Platinum Card® from American Express offers 5 Membership Rewards® points for every $1 you spend on flights booked directly with airlines or with American Express Travel. You can also earn 5 Membership Rewards® points for every $1 you spend on prepaid hotels booked on amextravel.com. You can also earn other benefits, such as access to the Global Lounge Collection, which provides access to airport lounges around the world; $200 airlines credit; up to $200 per calendar year in annual baggage fees; and Uber VIP status and free rides in the U.S. up to $15 each month, plus a $20 bonus in December.

Current Bonus: 60,000 points

Annual Fee: $550

Regular APR: N/A

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

  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Earn Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December, for a total of $200 in annual savings with Uber.
  • Earn 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • Earn 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Receive access to the Global Lounge Collection, which includes access to proprietary airport lounges around the world.
  • Get complimentary benefits with an average total value of $550 with Fine Hotels & Resorts.
  • Get $200 Airline Fee Credit and up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.

Hilton Honors American Express Surpass® Card

The Hilton Honors American Express Surpass® Card helps you earn hotel rewards points for every purchase you make. You can earn 12 points for every eligible dollar you spend directly with a hotel or resort within the Hilton Portfolio. You can earn 6 Hilton Honors points for every dollar of eligible purchases you make with your card at U.S. restaurants, U.S. supermarkets and U.S. gas stations. With the Hilton Honors American Express Surpass® Card, you automatically can earn Hilton Honors Gold Status. You also can get a free weekend night award when you make $15,000 in eligible purchases on your card within one calendar year.

Current Bonus: 125,000 points

Annual Fee: $95

Regular APR: 15.74% – 24.74%

Great Benefits: The Hilton Honors American Express Ascend Card has great benefits, including:

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

  • Earn 125,000 Hilton Honors Bonus Points after you use your new credit card to make $2,000 in eligible purchases within the first 3 months of card membership.
  • Earn a Weekend Night Reward from Hilton Honors after you spend $15,000 on purchases on your Card in a calendar year.
  • Earn 12X Hilton Honors Bonus Points for each dollar of eligible purchases charged on your card directly with a hotel or resort within the Hilton portfolio.
  • Earn 6X Hilton Honors Bonus Points for each dollar of eligible purchases on your card at U.S. restaurants, U.S. supermarkets, and U.S. gas stations.
  • Earn 3X Hilton Honors Bonus Points for all other eligible purchases on your card.
  • Spend $40,000 on eligible purchases on your Card in a calendar year and you can earn Hilton Honors Diamond status through the end of the next calendar year.

Chase Sapphire Reserve®

The Chase Sapphire Reserve® helps you earn 3 points for every $1 you spend on travel immediately after you earn a $300 annual travel credit. You can also earn 3 points for every $1 you spend on dining at restaurants as well as 1 point for every $1 you spend on all other purchases. Plus, you’ll get 50% more points when you redeem your points through Chase Ultimate Rewards.

Intro Bonus: 50,000 points

Annual Fee: $550

Regular APR: 16.99% – 23.99%

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months after you open an account. Through Chase Ultimate Rewards®, you can redeem these 50,000 points for $750 toward travel.
  • Receive a $300 Annual Travel Credit as reimbursement for travel purchases charged to your Chase Sapphire Reserve® credit card each account anniversary year.
  • 3X points on travel immediately after earning your $300 travel credit.
  • 3X points on dining at restaurants.
  • 1 point per $1 spent on all other purchases.
  • $0 foreign transaction fees.
  • 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel.
  • 1:1 point transfer to leading airline and hotel loyalty programs.
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
  • One Year Complimentary Lyft Pink ($199 minimum value). Complimentary DashPass subscription from DoorDash after activating by 12/31/21.

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.

The World Of Hyatt Credit Card

The World Of Hyatt Credit Card helps you earn 9 points for every stay at a Hyatt hotel. You can also receive 4 bonus points for every dollar you spend at Hyatt hotels and 5 base points for every $1 you spend as a World of Hyatt member. You can also earn additional 2 bonus points for every $1 spent at restaurants, airlines tickets purchased directly through the airlines, on local transit, and on fitness club and gym memberships. You can also earn 1 free night at any Category 1-4 Hyatt hotel or resort after your card member anniversary, and an extra free night if you spend $15,000 during your card member anniversary year.

Current Bonus: 50,000 points

Annual Fee: $95

Regular APR: 15.99% – 22.99%

Great Benefits: The World Of Hyatt Credit Card has great benefits, including:

  • Earn up to 50,000 bonus points: 25,000 bonus points after you spend $3,000 on purchases in the first 3 months after you open an account, plus 25,000 bonus points after you spend $6,000 total within 6 months after you open an account.
  • Free nights start at 5,000 points.
  • Earn 9 points total per $1 spent at Hyatt – 4 Bonus Points per $1 when you use your card at Hyatt hotels & 5 Base Points per $1 you can earn as a World of Hyatt member.
  • Plus, earn 2 Bonus Points per $1 spent at restaurants, on airlines tickets purchased directly from the airlines, on local transit and commuting and on fitness club and gym memberships.
  • Receive 1 free night every year after your cardmember anniversary at any Category 1-4 Hyatt hotel or resort.
  • Earn an extra free night at any Category 1-4 Hyatt hotel or resort if you spend $15,000 during your cardmember anniversary year.
  • Get automatic World of Hyatt Discoverist status for as long as your account is open and 5 qualifying night credits toward your next tier status every year.
  • Earn 2 qualifying night credits towards your next tier status every time you spend $5,000 on your card.

IHG® Rewards Club Premier Credit Card

IHG® Rewards Club Premier Credit Card helps you earn 25 points per $1 spent when you stay at an IHG hotel. You can also earn 2 points for every $1 spent on purchases at gas stations, grocery stores and restaurants. Plus, you can earn 1 point for every $1 spent on all other purchases. You can receive Platinum Elite status so long as you are a Premier card member. You can also get a free credit of up to $100 every four years as reimbursement for the application fee charged to your IHG® Rewards Club Premier Credit Card for Global Entry or TSA Pre✓® Fee Credit.

Current Bonus: 140,000
Annual Fee: $89

Regular APR: 15.99% – 22.99%
Great Benefits: The IHG® Rewards Club Premier Credit Card offers great benefits, including:

  • Earn 140,000 bonus points after spending $3,000 on purchases within the first three months of account opening.
  • Enjoy a Free Night after each account anniversary year at eligible IHG hotels worldwide. Plus, enjoy a free reward night when you redeem points for any stay of 4 or more nights.
  • Earn 25 points per $1 spent when you stay at an IHG hotel.
  • Earn 2 points per $1 spent on purchases at gas stations, grocery stores, and restaurants.
  • Earn 1 point per $1 spent on all other purchases.
  • Platinum Elite status as long as you remain a Premier card member.
  • Global Entry or TSA Pre✓® Fee Credit of up to $100 every 4 years as reimbursement for the application fee charged to your card.
  • IHG Rewards Club Bonus points are redeemable at hotels such as InterContinental®, Crowne Plaza®, Kimpton®, EVEN® Hotels, Indigo® Hotels & Holiday Inn®.

What should you know about the best rewards cards?

If you are looking for the best credit card rewards programs, then it is important to know that the best rewards cards help you earn benefits for every dollar that you spend. If you choose credit cards with good rewards, then your rewards points can add quickly. With top rewards credit cards, you can redeem your points for anything from travel to electronics.

How do you find the best rewards credit card?

To find the best rewards cards, you should consider several things before selecting the best rewards credit card for you. When you evaluate the best reward credit card offers, you should compare credit cards rewards based on your spending habits.

1. Analyze your spending

When you analyze your spending, it will help you determine which is the best credit card rewards programs for you. The reason is simple: credit cards rewards programs vary by credit card. There are multiple top rewards credit cards from which to choose. The first step is to analyze how much you spend in each category. Common categories for the best credit card rewards programs include travel, airlines, hotels, rental cars, gas, groceries and restaurants. Once you determine your personal spending habits, you can compare credit cards rewards 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 top rewards credit 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. Determine if you regularly have a credit card balance

The best rewards credit card offers have high interest rates. This is the trade-off with the attractive, best rewards cards. Your best option for top rewards credit cards is to carry no credit balance each month. Therefore, pay your credit card balance in full. Otherwise, even with the best reward credit card offers, the interest rate can be more than the rewards.

3. Check the annual fee

Most credit cards with good rewards come with an annual fee, as do many credit cards. Make sure you compare credit cards rewards to ensure that your annual spending will yield more points than the annual fee. A rule of thumb is to spend at least $1,000 annually on your best rewards credit card to ensure the rewards pay off.

4. Make sure to redeem your rewards

With the best rewards cards, it’s great to earn miles and points. You can watch your points and mile balance increase when you have the top rewards credit cards. However, make sure to redeem those points and miles. The whole point of credit cards rewards programs is to take advantage of the great rewards. So, remember to redeem those point balances.

5. Understand the rewards rates

The best credit card rewards programs each have different rewards rates. This means that even the best rewards cards may help you earn rewards differently. For example, when you compare credit cards rewards, make sure to understand that how many points you earn for every dollar you spend. A good rule of thumb is you typically earn in rewards 1-2% of what you spend.

You can compare credit cards rewards and find the top rewards credit cards on Make Lemonade.

Who should get the top rewards credit cards with the best credit cards rewards programs?

Credit cards rewards programs are best for people who pay off their credit card balance in full each month. Why? If you carry a credit card balance, the interest rate can be costly. In fact, with the top rewards credit cards, the interest rate can be higher than the rewards themselves. Therefore, make sure to pay off your full credit card balance each month.

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

To get approved for the best reward credit card offers, you need to have strong credit. The stronger your credit, the higher likelihood that you will be approved for credit cards with good rewards.To get approved for top rewards credit cards, credit card companies will evaluate your credit profile, income, other debt and your history of financial responsibility.

What is the best rewards credit card for me?

The best rewards credit card for you is based on your personal preference. There are no “best rewards cards” for everyone. Rather, the best rewards credit card is the one that you prefer based on your spending habits and rewards preferences. For example, when you compare credit cards rewards, you can begin by analyzing your spending. Determine where you spend the most money, whether it is travel, airlines, hotels, rental cars, groceries, gas or restaurants. This process will help you better understand your spending habits and categories of spending. Then, you can determine the best credit cards rewards programs that help you maximize rewards in these categories. Finally, you can choose the best rewards cards for you based on whether you want to earn points, airline miles or cash back.

How do you redeem points with the best rewards cards?

If you compare credit cards rewards, you will find that you can redeem points for just about anything, ranging from travel to cash back. The best reward credit card offers can be redeemed anytime online with your credit card company. Log into your account, and you will see your credit cards point balance. The top rewards credit cards have rewards to redeem online, including for travel such as airlines and hotels, or cash back or gift cards with retailers. The best rewards cards allow you to redeem points the way you want to when you want to.

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