What is the best credit card for rewards?
Updated on July 01, 2021
Cash back credit cards. Some cash back credit cards offer fixed cash back rate, for example, 1% cash back on all purchases or certain rate for different categories, like 2% cash back on groceries. Another type of cards while other have rotating cash back categories that change every quarter.
Travel rewards credit cards. If you travel often with one airline, you may choose from airline co-branded credit cards. If you want to redeem earned miles on any travel, choose from general travel rewards credit cards. What is more, such cards often allow to redeem rewards on any travel expenses, like hotel stays, cruises, car rentals and more. Most travel cards also have their own portals where you can book travel at a special rate.
Here are more features to look for when choosing the best rewards card:
No annual fee. Sometimes cards come with hundred of dollars annual fee for the perks they provide. Ensure you earn enough rewards and annual fee doesn't eat up your rewards.
No foreign transaction fee. If you want to apply for a travel rewards credit card, this feature is very important, don't overpay for purchases made overseas.
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