If you are thinking about getting a new credit line, a rewards card might be the best option. Rewards credit cards offer added benefits and earnings potential. These cards can be very valuable if the card is used for large purchases. To be approved for these cards, you need to know your credit history.
Capital One Savor Rewards card
Capital One Savor rewards credit card offers high reward rates on entertainment and dining. The card offers a $300 cash bonus after spending $3,000 in three months. In addition, the card comes with no foreign transaction fees and provides a host of travel benefits, including free 24-hour emergency assistance and travel accident insurance.
For people with good credit, the Capital One Savor rewards cards is a great option. You can get unlimited cash back up to 4% on entertainment and dining purchases. The card offers 3% cash back on groceries, streaming services, and other purchases. The card also offers no foreign transaction fees and solid protection for your shopping. It can also be easily redeemed.
Citi Premier Card
The Citi Premier Card is a versatile rewards card that lets you redeem points for merchandise, gift cards, and travel. The rewards rate of the Citi Premier Card is excellent, at three points per $1 spent on most categories. It also has a $100 hotel benefit each year and zero foreign transaction fees.
However, the card's perks can be quite modest. It does offer no lounge access and no perks like priority boarding. But, the card provides other travel benefits such as access the Mastercard Luxury Hotels and Resorts Program. Additionally, cardholders can enjoy a $5 credit for every three Lyft rides they take. The card comes with three months free DashPass membership. This allows members to save money on cab fare. A ShopRunner membership is also available for $79, and provides free shipping to hundreds of stores.
Chase Sapphire Reserve
Chase Sapphire Reserve Credit Card is a high end credit card offering many perks. First, you can transfer your points into participating airlines. This applies to airlines like Emirates Skywards or Air Canada Aeroplan. You can also redeem your points for gift cards and merchandise. This card also has a unique feature that lets you transfer points to other loyalty programs. Chase Sapphire Reserve has a 1:1 transfer ratio to many loyalty programs. Transfer your points to select airlines for as low as 1.5 cents per unit.
The Sapphire Preferred credit card has a lower earning structure, which is another notable characteristic of this credit cards. Chase Sapphire Reserve is a credit card that offers more points per dollar than its Sapphire Preferred counterpart. In addition to this, you can transfer your points to a variety of travel partners and earn elite credit.
American Express Cash Back Card
American Express cashback cards are a great option to earn rewards for everyday purchase. Blue Cash Everyday (r) Card comes with a $95 annual charge, but you will receive more than 1% in cash rewards. If you use your credit card regularly, you can expect to earn as much as $250 in cash back every six months. Consumers with 700+ credit scores who use the card to purchase gas and groceries are best candidates.
Cash back credit cards have become very popular due to their tangible benefits. Cash back credit cards offer tangible benefits. You'll get cash back if you use the card at restaurants. This can make them more appealing than travel rewards or gas credit cards. However, you should be aware that not all cash back cards are the same. Some offer cash back on all purchases, while others offer higher rates on some categories. Many cards allow you to benefit from a higher cashback rate by rotating the highest earning categories every quarter.