Best Rewards Cards

Credit Card

Company

Credit Needed
Chase Sapphire Preferred® Card
JPMorgan Chase
Good or Excellent
Capital One® VentureOne® Rewards Credit Card
Capital One
Good or Excellent
The Platinum Card® from American Express
American Express
Good or Excellent
Hilton Honors American Express Surpass® Card
American Express
Good or Excellent
Chase Sapphire Reserve®
JPMorgan Chase
Good or Excellent
Marriott Bonvoy Boundless™ Credit Card
Marriott Bonvoy
Good or Excellent
The World Of Hyatt Credit Card
World of Hyatt
Good or Excellent
IHG® Rewards Club Premier Credit Card
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?

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

Annual Fee

$95

APR

15.99% – 22.99%
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.

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.

The Platinum Card® from American Express

Annual Fee

$550

APR

N/A

Credit Needed

Good or Excellent
  • 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

Annual Fee

$95

APR

15.74% – 24.74%
Variable

Credit Needed

Good or Excellent
  • 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®

Annual Fee

$550

APR

16.99% – 23.99%
Variable

Credit Needed

Good or Excellent
  • 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

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.

The World Of Hyatt Credit Card

Annual Fee

$95

APR

15.99% – 22.99%
Variable

Credit Needed

Good or Excellent
  • 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 card member 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 card member 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

Annual Fee

$89

APR

15.99% – 22.99%
Variable

Credit Needed

Good or Excellent
  • Earn 125,000 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.

Are there balance transfer fees for the 0 APR credit cards?

The 0 APR credit cards do have fees. The typical fees for 0 interest credit cards can be 3% to make a balance transfer. The good news is that some of the 0 APR credit cards have zero percent fees for a certain period of time so that you can get organized. Also, if you pay at least your minimum monthly payment with your 0 interest credit cards, you can avoid late fees.

Are 0 APR credit cards right for me?

0 APR credit cards are right for you if you want to transfer your existing credit card balance to another credit card with 0% interest for a limited time period. During this limited time period, you can repay your credit card debt without worrying about incurring more interest.

To evaluate the best 0 APR credit cards, some of the best 0 APR credit cards include 0% APR for both purchases and balance transfers. Other of the best zero interest credit cards have 0% APR for purchases only or zero balance transfers only. 0 credit card offers with 0% APR for 0 balance transfer and new purchases can be most advantageous. Should you choose 0 APR credit cards that offer a 0 balance transfer or 0% APR on new purchases? It depends on whether it makes more financial sense for you. Based on your personal financial situation, it may be better to repay debt or save interest on future purchases.

The best 0 APR credit cards also offer different 0% APR periods. While it depends on how long you need to repay credit debt, the longer the APR period, the better. A 0 credit card transfer to the best 0 APR credit cards may include 0 credit cards for 24 months. So, find the right time period that works best for your personal financial situation.

Hopefully, you will use 0 interest credit cards to repay debt and not make new purchases. After the 0% APR period ends, you have to analyze the ongoing APR. If you repay your credit card debt with 0 interest credit cards during the 0% APR period, then you won’t have to be concerned with the ongoing APR. Once you are done repaying credit card debt, zero interest credit cards probably are not necessary for ongoing purchases given the high APR.

How long does it take to transfer a credit card balance?

When customers ask “how to transfer credit card balance“, they will find that it typically takes only 1-2 weeks. Your new bank will pay off your old bank, and your credit card balance is transferred to your new balance transfer credit card.

Once your credit card balance has been transferred to your new balance transfer credit card, make sure that you:

  1. Do not make any more purchases with new 0 interest credit cards.
  2. Confirm with your old bank that your previous credit card has a zero balance.
  3. Have an action plan to repay your balance on your 0 APR credit cards.
  4. Always pay at least the minimum payment on your 0 interest credit cards.

Is it a good idea to do a balance transfer with the best 0 APR credit cards?

The best 0 APR credit cards can help you pay off debt faster, which makes them a good idea for balance transfers. Here is what to look for to make the 0 APR credit cards work for you:

  1. Find 0 interest credit cards with low interest rates.
  2. Find the zero percent credit cards with little or no balance transfer fees (typically 3%).
  3. Choose the best 0 APR credit cards with an introductory period that provides enough time to repay your credit card debt, or provides enough time to get organized with a debt repayment plan.
  4. Ensure that your new 0 interest credit cards do not have a balance limit that prevents you from making a balance transfer.

What are zero interest credit cards?

Zero interest credit cards, or 0% APR credit cards, are a type of 0 interest credit cards that offer zero percent interest on credit card balances for an initial term. These are some of the 0 APR credit cards to save you interest costs and help you repay credit card debt faster. When you find 0 credit card offers with zero percent balance transfer, it can be a good idea to transfer a credit card balance.

What credit score do you need for 0 interest credit cards?

For 0 APR credit cards, you need to have a good to excellent credit score. If you have a strong credit profile, you can get approved for zero percent credit cards. With the best 0 APR credit cards, banks want to approve customers with a history of financial responsibility who repay their credit card balance.

Should you use zero interest credit cards from your current bank or a different bank?

With 0 credit card offers, make sure to choose 0 interest credit cards from a bank different than your current bank. The reason is that you can’t simply lower your credit card interest rate with 0 interest credit cards at the same bank. The reason you get the lower interest rate with the 0 APR credit cards is that the new bank wants your business. Therefore, the new bank is willing to offer you low interest to have you as a customer with their 0 interest credit cards.

Should 0 APR credit cards be used for spending?

Ideally, you should not use 0 APR credit cards for spending. The goal of zero interest credit cards is to transfer your existing credit card balance to a new credit card with a lower interest rate. Therefore, 0 credit card offers should be used for transferring credit card balances, not new spending. So, don’t use 0 interest credit cards for new purchases.

What is a good APR for a credit card?

A credit card has an interest rate, which represents the interest that you pay when you borrow money. The interest rate is represented as an annual percentage known as APR, or annual percentage rate. If you pay your credit card balance in full each month, you will not owe any interest.

A credit card has an interest rate, which represents the interest that you pay when you borrow money. The interest rate is represented as an annual percentage known as APR, or annual percentage rate. If you pay your credit card balance in full each month, you will not owe any interest.

Summary of 0% intro APR Credit Cards

Credit Card
Best For
Rewards Rate
Annual Fee

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 Platinum card
No annual fee
3X points for: Eating out, ordering in, gas stations, rideshares, transit, flights, hotels, homestays, and car rentals

$0

Capital One® SavorOne® Cash Rewards Credit Card
Dining and entertainment
3% cash back on dining and entertainment

$0

Southwest Rapid Rewards Plus Credit Card
Airline rewards
2X points on Southwest purchases
$69
Capital One® Venture® Rewards Credit Card
Travel rewards
2X miles on every purchase
$95
Capital One® VentureOne® Rewards Credit Card
Flat rate rewards
1.25X miles on every purchase
$0
Discover it® Cash Back
Rotating category rewards
5% cash back in rotating categories
$0
Capital One® Quicksilver® Cash Rewards Credit Card
Cash rewards
1.5% cash back on every purchase
$0
Capital One® Quicksilver® Cash Rewards Credit Card
Sign-up bonus
1.5% cash back on every purchase
$95

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