A rewards card is a good option if you are looking for a new credit card. Rewards credit card offer more benefits and higher earnings potential. These cards are particularly valuable if your purchases are large. It is important to understand your credit history in order to be approved for one these cards.
Capital One Savor Rewards card
The Capital One Savor rewards card offers high rewards rates on dining and entertainment. After you spend $3,000 within three consecutive months, the card gives you $300 cash back. You also get no foreign transaction fee and a host travel benefits like free 24-hour emergency support and travel accident coverage.
Capital One Savor rewards credit card is a great choice if you have excellent credit. You can get unlimited cash back up to 4% on entertainment and dining purchases. You also get 3% cashback on groceries and streaming services. Other features include no foreign transaction fees, solid shopping protections, and a straightforward redemption process.
Citi Premier Card
The Citi Premier Card is a versatile rewards card that lets you redeem points for merchandise, gift cards, and travel. It offers three points per dollar on most categories, which is a great rewards rate. You also get a $100 annual hotel benefit and no foreign transaction fees.
Although the card has a few perks, they are very limited. It does offer no lounge access and no perks like priority boarding. You can still enjoy other travel benefits like access to Mastercard Luxury Hotels and Resorts. Cardholders will also receive $5 credits for each three Lyft rides that they take. The card provides three months of free DashPass membership. It saves members money when they use cabs. Another benefit is a free ShopRunner membership, which is worth $79 and offers free two-day shipping at hundreds of stores.
Chase Sapphire Reserve
Chase Sapphire Reserve, a high-end credit cards with many perks, is Chase Sapphire Reserve. First, you can transfer your points into participating airlines. This includes Air Canada Aeroplan and Emirates Skywards. You can also use your points to buy merchandise or gift cards. The card has an exclusive feature that allows you to transfer points into other loyalty programs. Chase Sapphire Reserve allows you to transfer points at a 1:1 ratio to other loyalty programs. You can also transfer points to selected partner airlines up to 1.5 cents a point.
Another notable feature of this credit card is that it has a higher earning structure than its Sapphire Preferred counterpart. With a better earning structure than the Sapphire Preferred, Chase Sapphire Reserve gives you more points for every dollar spent. This is in addition to the fact that you can transfer your points into a variety travel partners and earn elite credits.
American Express cashback card
American Express cashback card is a great way earn rewards for everyday purchases. Blue Cash Everyday(r), which has a $95 annual cost, will earn you more than one percent in cash back rewards for every dollar spent. If you use your credit card regularly, you can expect to earn as much as $250 in cash back every six months. Customers with 700+ credit ratings who use their card to buy gas or groceries are the best.
Cash back credit cards are popular because they offer tangible benefits. If you use your card at restaurants, you'll earn cash back that can be deposited into your account. This could make them more attractive than other rewards cards such as gas credit or travel rewards. You should know that not all cashback cards are created equal. While some offer cash back for all purchases, others have higher rates for certain categories. Many cards allow you to benefit from a higher cashback rate by rotating the highest earning categories every quarter.