The Best Rewards Credit Cards

Rewards credit cards offer you plenty of rewards that can be used as Points, Cashbacks, Store-specific points, Hotel-specific points, and Airline miles. If you maintain a good credit score, you can earn lavish rewards that go beyond just points ad miles. From gas to gadgets, the right reward card can help you save a bunch of money that can be used for your daily spendings! With the right card, you get additional perks, discounts, travel insurance and more that make using a rewards card truly worthwhile. After scrutinizing a stack of credit cards available in the market, we have compiled an array of best rewards card that adds value to your wallet.

Enjoy the Perks

The Best Rewards Credit Cards of 2020

Best for sign-up bonus

Chase Sapphire Preferred® Card

Rewards
  • Earn 5X points on Lyft rides untill March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
  • 2X points on travel and dining at restaurants worldwide.
  • 1 point per dollar spent on all other purchases.

60,000 Points

17.49% – 24.49% variable

Either $5 or 5% of the amount of each transfer, whichever is greater.

$95

  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel.
  • This product is available to you if you do not have any Sapphire card and have not received a new card member bonus for any Sapphire card in the past 48 months.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash’s subscription service.*Same page link to Offer Details Activate by December 31, 2021

No foreign transaction fee

Best for customizable rewards

Bank of America® Cash Rewards credit card

Rewards
  • Earn 3% cash back in the category of your choice.
  • Earn 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
  • Earn unlimited 1% on all other purchases.

$200

15.49% – 25.49% Variable APR on purchases and balance transfers

3% or $10, whichever figure is greater

No annual fee

  • 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. 
  • Preferred Rewards members earn 25%-75% more cash back on every purchase. That means the 3% choice category could go up to 5.25% and the 2% at grocery stores and wholesale clubs could go up to 3.5%, for the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter and the 1% for all other purchases could go up to 1.75%.
  • Online $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening.

3% Foreign-Transaction Fee.

Best for cash rewards

Capital One® Quicksilver® Cash Rewards Credit Card

Rewards
  • Earn unlimited 1.5% cash back on every purchase, every day.
  • Plus, a $150 Cash Bonus.
  • You can use your rewards at Amazon.com.
  • Rewards don’t expire for the life of the account.

$150

15.49% – 25.49% variable

3% balance-transfer fee.

No annual fee

  • New Card member Offer –  Earn a one-time $150 cash bonus once you spend $500 on purchases within 3 months from account opening.
  • Redeem cash back for any amount at any time with no expiration date for the life of the account.
  • Apply your cash back to directly cover a recent purchase.
  • You’ll get additional warranty protection at no charge on eligible items that are purchased with your credit card.
  • If your credit card is lost or stolen, you can get an emergency replacement card and a cash advance.

No transaction fee is applicable when purchases are made outside of the united states.

Best for no annual fee

Wells Fargo Propel American Express® card

Rewards
  • Earn 3X points on eating out and ordering in; Gas stations, ride-shares, and transit.
  • Earn 3X points on travels Flights, hotels, home stays, and car rentals.
    Earn 3X points on popular streaming services.
  • Earn 1X points on other purchases.

20,000 bonus points when you spend $1,000 in purchases in the first 3 months – a $200 cash redemption value. 

15.49% – 25.49% variable

Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer, with a minimum of $5. 

No annual fee

  • No limit to points you can earn, and points don’t expire as long as your account remains open.
  • This card offers the lowest intro APR on purchases and balance transfers for 12 months.
  • Cell phone protection helps protect your cell phone from damage or theft.
  • 0.00% introductory APR for 12 months.
  • After that, your APR will be 15.49% to 27.49%, based on your creditworthiness. This APR will vary with the market based on the U.S. Prime Rate.
  • Credit card subject to credit qualification.

No foreign currency conversion fees

Best for dining and entertainment

Capital One® SavorOne® Cash Rewards Credit Card

Rewards
  • Earn unlimited 3% cash back on dining and entertainment.
  • Earn 2% at grocery stores.
  • Earn 1% on all other purchases.
  • Rewards beyond 3% cashback- VIP tickets, five-star meals and beyond.

$150

15.49% – 25.49% variable

3% balance transfer fee

No annual fee

  • New Card member Offer – Earn a one-time $150 cash bonus once you spend $500 on purchases within the first 3 months from account opening.
  • 0% intro APR for 15 months; 15.49% – 25.49% variable APR after that.
  • Rewards don’t expire for the life of the account, and you can redeem cash back for any amount.
  • You’ll get additional warranty protection at no charge on eligible items that are purchased with your credit card.

You won’t pay a transaction fee when making a purchase outside of the United States.

Best for rewards on all purchases

Chase Freedom Unlimited®

Rewards
  • Earn unlimited 1.5% cash back on all purchases.
  • No minimum to redeem for cash back.*
  • Cash rewards do not expire.

 

$150

16.49% – 25.24% variable

$0 balance transfer fee for balances you transferwithin the first 60 days of opening your account.

No annual fee

  • Low intro APR- 0% intro APR for 15 months from account opening on purchases and balance transfers.  After that, 16.49%–25.24% variable APR. 
  • Cash Back rewards do not expire as long as your account is open. And there is no minimum to redeem for cash back.
  • Redeem for a variety of gift cards and certificates for shopping, dining and entertainment, and more.*

The Chase Freedom Unlimited foreign transaction fee is 3% of the transaction amount, after it has been converted to U.S. dollars.

Best for balance transfer

Amex EveryDay® Credit Card

Rewards
  • Earn 20% extra points – Use your Card 20 or more times on purchases in a billing period and earn 20% more points on those purchases less returns and credits.
  • Earn 2X points at US supermarkets on up to $6,000 per year in purchases (then 1X).
  • Earn 1X Membership Rewards® point for every eligible dollar you spend.

$0 Balance Transfer Fee Offer + 10,000 Membership Rewards® Points

14.49% – 25.49% variable APR on purchases and balance transfers

$0 balance transfer fee. The balance transfers must be requested within 60 days of account opening.

No annual fee

  • New Card Member Offer – $0 balance transfer fee offer plus 10,000 membership rewards points.
  • 0% intro APR on purchases and balance transfers for 15 months, then a variable APR, 14.49% to 25.49%.
  • Card Acceptance- Over 1.6 million more places in the U.S. started accepting American Express® Cards in 2018.
  • Transfer your points to frequent traveler programs  including Delta’s SkyMiles® program.

The Amex Everyday foreign transaction fee is 2.7%.

Best for business cash back

Ink Business Unlimited℠ Credit Card

Rewards
  • $500 bonus cash back – after you spend $3,000 on purchases in the first 3 months after account opening.
  • Unlimited 1.5% cash back – Earn unlimited 1.5% Cash Back rewards on every purchase made for your business

$500

14.74% – 20.74% variable

Either $5 or 5% of the amount of each transfer, whichever is greater.

No annual fee

  • 0% intro APR for 12 months from account opening on purchases. After that, 14.74%–20.74% variable APR.
  • Redeem your rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards.
  • Employee cards at no additional cost.
  • Stay on top of your business with Fraud Protection, Purchase Protection, personalized Account Alerts and more.
  • As your business grows, you’ll need access to more capital. With Ink, your business builds its own credit history.

3% foreign transaction fee. 

Best for airline rewards

Southwest Rapid Rewards® Plus Credit Card

Rewards
  • 2 points per $1 spent on Southwest® purchases and Rapid Rewards® hotel and car rental partner purchases.
  • 1X point per $1 spent on all other purchases.
  • Turn the points you earn on your card into flights, hotel stays, gift cards, and more.

40,000 points

17.49% – 24.49% variable

Either $5 or 5% of the amount of each transfer, whichever is greater.

$69 annual fee

  • Redeem your points for flights to over 90 destinations and enjoy all you love about flying with Southwest Airlines.
  • 3,000 anniversary points -after your Card member anniversary.
  • International flights on 50+ global carriers–Use your Rapid Rewards® points for flights.

3% foreign transaction fee. 

Best for hotel rewards

Marriott Bonvoy Bold™ Credit Card

Rewards
  • 50,000 Bonus points – after you spend $2,000 on purchases in your first 3 months from your account opening with your Marriott Bonvoy Bold credit card.
  • Earn 3X points for every $1 spent at over 7,000 participating Marriott Bonvoy hotels.
  • Earn 2X points for every $1 you spend on other travel purchases (from airfare to taxis and trains).

50,000 points

17.49%–24.49% variable 

Either $5 or 5% of the amount of each transfer, whichever is greater.

No annual fee

  • Earn Unlimited Marriott Bonvoy points and get free stays faster.
  • Earn points on every purchase and 3X points at Marriott Bonvoy hotels.
  • Receive 15 Elite Night Credits annually, qualifying you for Silver Elite status. Restrictions apply.
  • Covers your new purchases for 120 days against damage or theft up to $500 per claim, up to $50,000 per account(T&C apply).

No foreign transaction fee.