Firstly, you should understand what are your main expenses to choose the best rewards credit card for you. There are different types of rewards cards:
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. For example, the Discover it® Cash Back credit card allow you to earn 5% cash back on up to $1,500 in purchases when you activate. Every quarter you should sign up for 5% cash back bonus, otherwise you won’t be eligible for it. What is more, all the cash back earned at the end of your first year will be matched automatically (if you are a new cardmember). For example, if you earn $150, you will receive $300.
Travel rewards credit cards. If you travel often with one airline, you may choose from airlines 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.
Other Popular Credit Card Rewards FAQs
Is Upromise Mastercard credit card worth applying for?
Upromise Mastercard® credit card is a great choice for those, who want to save for college as it allows you to automatically deposit your cash back rewards into a 529 College Savings Plan.Continue »
One of the two JetBlue credit cards can be a good option for you if you are going to fly JetBlue Airlines often.Continue »
Your question has been successfully sent!
Credit Card FAQ Categories
- Bad Credit Cards
- Balance Transfer Cards
- Best Credit Cards
- Business Credit Cards
- Credit Card Banks
- Credit Card Fees
- Credit Card Rewards
- Fair Credit Cards
- Foreign Credit Card Offers
- Instant Credit Card Offers
- Low Rate Card Offers
- Mastercard Credit Cards
- No Credit Cards
- Prepaid & Debit Cards
- Secured Credit Cards
- Student Credit Cards
- Travel Credit Cards
- Visa Credit Cards