Best Rewards Credit Cards

One of the best ways to stretch dollars is through the use of credit cards that offer rewards. Those who can pay off their bills each month can get free travel or cash back. Here are some of the best rewards cards that are currently on the market. The only major downside of rewards cards comes when interest accrues from not paying them off in full every month.

 

Chase Freedom Unlimited

This offering from Chase offers a $150 cash bonus after the cardholder spends only $500 in the first three months after opening an account. On top of this great bonus, users will get 1.5 percent cash back on every dollar spent that can be used as a statement credit. Chase also sends checks to users who want the cash.

 

Chase Freedom

The bonus for this card is the same as the one for the Freedom Unlimited. The difference is related to the fact that this card earns 1 percent back for every dollar spent. The Freedom also offers 5 percent cash back on rotating categories each quarter. Combining these bonuses with the Freedom Unlimited could further maximize cash back earnings.

 

American Airlines Aviator AAdvantage Red from Barclaycard

For those who would rather have airline miles, this offering can provide anywhere between 40,000 and 60,000 miles with American Airlines after making one purchase and paying off the annual fee. The bonus can vary from time to time, but it is enough to get a free flight in the continental US or the Caribbean.

 

Capital One Venture

This is one of the more popular rewards cards that effectively offers a rebate on travel purchases. Each dollar spent on the card effectively earns two “miles” that are each worth a penny. There is also usually a 40,000-signup bonus that accrues after meeting the spending requirement.

 

Amex Everyday

Another of the rewards cards that are worth considering is the Everyday card from American Express. This card earns Membership Rewards points that can be used for statement credits, transfers to travel partners, gift cards, as well as other options.

 

Chase Sapphire Preferred

The Sapphire Preferred has long been considered one of the best rewards cards around. Travelers can use the Ultimate Rewards points that this card earns for travel and transfers to partners. The points can also serve a cash back function. Each point is worth a penny, and there’s a 50,000-point bonus that’s worth at least $500. The bonus kicks in after spending $4,000 in the first three months after approval.

 

Citi Double Cash

This rewards card provides two percent back on every dollar spent. The first percent comes from the actual purchase. The second percent comes from paying off the charge. For every $100 spent on the card and paid off, a cardholder would effectively earn $2.

 

These are just a few of the popular rewards cards that are available today. There are many more. The card that would best meet an individual user’s needs is related to his or her goals. Regardless, rewards cards can really pay off in the long run.