If you’re looking for a new rewards credit card, there are countless options to choose from. As a result, it can be tough to figure out which card is best for you.
While there’s no single credit card out there that’s objectively better than the rest, there are some important features to look for in a card that can help you compare different offers.
And depending on the type of card you’re looking for, our list of the top 10 best rewards credit cards may help you narrow down your selection.
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Best Rewards Credit Cards By Perk
Best For Groceries and Gas: Blue Cash Preferred® Card from American Express
Best For Dining: American Express® Gold Card
Best For an Introductory 0% APR Promotion: Chase Freedom Unlimited®
Best For a Big Sign-Up Bonus: Chase Sapphire Preferred® Card
Best For Flat Travel Rewards: Capital One Venture Rewards Credit Card
Best For Flexible Travel Points: Chase Sapphire Reserve®
Best For Premium Travel Perks: The Platinum Card® from American Express
Best For Travel With No Annual Fee: Wells Fargo Propel American Express® card
Best For Small Business Owners: Ink Business Preferred® Credit Card
Best For Flat Cash Back: Citi® Double Cash Card
Note: The credit card offers that appear on this site are from companies from which The College Investor receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The College Investor does not include all credit card companies or all credit card offers available in the marketplace.
Our Picks For The Best Rewards Credit Cards
There are a lot of different types of credit card rewards, and some features appeal more to some credit card users than others.
With that in mind, we researched some of the most important features in a rewards card — including rewards rates, sign-up bonus, annual fees, perks and more — and picked credit cards that stand out of the crowd. Here are our recommendations.
Best For Groceries and Gas: Blue Cash Preferred® Card from American Express
If you spend a lot on these two everyday spending categories, the Blue Cash PreferredCard from American Express should earn a spot in your wallet.
The card offers a whopping 6% cash back on the first $6,000 spent at U.S. supermarkets each year (then 1%), plus 6% back on select U.S. streaming services, 3% back at U.S. gas stations, 3% cash back on transit (including taxis/rideshare, parking, tolls. trains, buses, and more), and 1% back on everything else. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.
You can also get up to $120 in statement credits annually when you pay for an auto-renewing subscription to Equinox+ at equinoxplus.com with your Blue Cash Preferred® Card. That's $10 in statement credits each month. Enrollment required.
Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Preferred® Card. Enrollment required.
In addition to those lucrative rewards rates, you can earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
Just keep in mind that the card’s valuable rewards program is offset by its $95 annual fee, but you get a $0 intro annual fee for the first year (see rates and fees). Also, you can only redeem your rewards in the form of a statement credit or gift cards. Many other cash-back credit cards allow you to get your rewards in the form of a direct deposit or even a paper check.
Best For Dining: American Express® Gold Card
Despite its $250 annual fee (see rates and fees), the American Express® Gold Card’s dining rewards and perks make it tough to beat.
For starters, you'll earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.
In addition to the high rewards rate on dining, the card also offers up to $120 in dining credits each year. You can earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
You can also get a $100 experience credit with a minimum two-night stay when you book The Hotel Collection through American Express Travel. Experience credit varies by property.
The card just introduced Uber Eats credits, which match the Amex Platinum. Cardholders will receive $10 per month in Uber Cash (up to a total of $120 per year), which can be used for both rides and Eats.
As a new cardholder, you'll earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
One thing to watch out for with this one is that it’s a charge card, which means that your balance is due in full each month — carrying a balance is only available for eligible purchases.
Best For an Introductory 0% APR Promotion: Chase Freedom Unlimited®
If you need to make a large purchase and pay it off over time, the Chase Freedom Unlimited may be worth considering.
What’s more, you’ll earn unlimited 1.5% cash back on all purchases. The card has no annual fee, which helps maximize your savings and overall value.
Best For a Big Sign-Up Bonus: Chase Sapphire Preferred® Card
If you have a trip coming up and need help paying for it, look no further than the Chase Sapphire Preferred. The card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months.
That’s worth $750 in travel booked through Chase or potentially even more if you transfer your rewards to one of the bank’s airline or hotel partners.
The card also offers 3 points per dollar on dining, 2 points per dollar on travel, 1 point per dollar on all other purchases and various trip protections. While it doesn’t charge a foreign transaction fee, you’ll pay a $95 annual fee.
Best For Flat Travel Rewards: Capital One Venture Rewards Credit Card
If you prefer simplicity but want travel rewards instead of cash back, the Capital One Venture Rewards Credit Card fits the bill. You’ll also receive 75,000 bonus miles after you spend $4,000 in the first three months.
You can redeem your miles for travel directly through Capital One or book travel on your own and use your rewards to get a statement credit. Alternatively, you can transfer your miles to one of the bank’s airline partners.
The card also offers an application fee credit for TSA PreCheck or Global Entry, which can cost up to $100. There is a $95 annual fee, and there’s no foreign transaction fee.
Best For Flexible Travel Points: Chase Sapphire Reserve®
The Chase Sapphire Reserve has a steep $550 annual fee, but even a casual traveler can get enough value to make up for it.
The card offers 60,000 bonus points after you spend $4,000 in the first three months. You’ll also receive 3 points per dollar on travel after using the full travel credit and dining worldwide and 1 point per dollar on everything else.
You can redeem those points for cash back or gift cards at 1 cent per point, travel through Chase at 1.5 cents per point, or you can transfer them to an airline or hotel partner for potentially even more value.
Other perks include:
- A $300 annual travel credit
- An application fee credit for TSA PreCheck or Global Entry
- Complimentary airport lounge access through the Priority Pass network
- Special hotel benefits with select hotel brands
- Premium rental car benefits
- No foreign transaction fee
If you want a perfect mix of rewards and credit card perks, you’ll be hard-pressed to find something better.
Best For Premium Travel Perks: The Platinum Card® from American Express
If you regularly travel and prefer perks over rewards, The Platinum Card from American Express is about as good as it gets. The card offers a suite of luxury benefits, including:
- $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only.
- $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
- $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peaco*ck, SiriusXM, and The Wall Street Journal. Enrollment required.
- $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership (subject to auto-renewal) with a statement credit after you pay for Walmart+ each month with your Platinum Card®. Cost includes $12.95 plus applicable local sales tax. Plus Up Benefits are excluded.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.
- $300 Equinox Credit: Get up to $300 back in statement credits per calendar year on an Equinox membership, or an Equinox club membership (subject to auto-renewal) when you pay with your Platinum Card®. Enrollment required. Visit https://platinum.equinox.com/ to enroll.
- $189 CLEAR® Plus Credit: Breeze through security with CLEAR Plus at 100+ airports, stadiums, and entertainment venues nationwide and get up to $189 back per calendar year on your Membership (subject to auto-renewal) when you use your Platinum Card®. Learn more.
- $100 Global Entry Credit: Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
- Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
- Complimentary airport lounge access with multiple lounge networks
- Elite status with Marriott Bonvoy and Hilton Honors (enrollment required)
- Complimentary membership in premium car rental programs
- Complimentary benefits with select hotel brands
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.
Just keep in mind that the card charges a $695 annual fee (see rates and fees), though frequent travelers should get enough value to make up for that cost.
Best For Travel With No Annual Fee: Wells Fargo Propel American Express® card
If you want to earn travel rewards without an annual fee, the Wells Fargo Propel American Express Card is tough to beat. The card offers 3 points per dollar on:
- Eating out and ordering in
- Gas, rideshares and transit
- Flights, hotels, homestays and car rentals
- Popular streaming services
You’ll earn 1 point per dollar on all other purchases, plus 30,000 bonus points after you spend $3,000 in the first three months. You can redeem your points for travel, cash back, gift cards and more.
Best For Small Business Owners: Ink Business Preferred® Credit Card
If you’re running a small business, you can use any credit card you want for your expenses. But if you want great rewards on business-specific categories, consider the Ink Business Preferred Credit Card.
The card offers 100,000 bonus points after you spend $8,000 in the first three months. You’ll earn 1 point per dollar on non-bonus spending, but 3 points per dollar on the first $150,000 on:
- Travel
- Shipping purchases
- Internet, cable and phone services
- Advertising purchases made with social media sites and search engines
Points are worth 25% more if you use them to redeem travel through Chase, or potentially even more if you transfer them to an airline or hotel partner.
Best For Flat Cash Back: Citi® Double Cash Card
The information about the Citi® Double Cash Card has been collected independently by The College Investor. The card details have not been reviewed or approved by the card issuer.
If your top priority is getting a card that’s as simple as possible without giving up value, the Citi Double Cash Card should be on your radar. It offers a flat 2% cash back on every purchase you make — that’s 1% cash back when you make a purchase then another 1% back when you pay it off.
The card also has no annual fee, so you don’t have to worry about needing to spend a certain amount just to break even.
The only drawbacks are that it doesn’t offer a sign-up bonus, and there’s no 0% APR promotion on purchases. But if you use the card long enough, the higher rewards rate can make up for those omissions.
Frequently Asked Rewards Credit Card Questions
What Is the Best Rewards Credit Card?
There’s no one rewards card that’s better than all the others, so it’s important to know which card is the best fit for you. To do this, consider your spending habits and general preferences for card features.
Also, make sure you know your credit score. Most rewards cards require good or excellent credit, so your options may be limited if your score needs some work.
How Much Are Credit Card Points Worth?
Every rewards program has its own criteria for determining the value of a point or mile. While some general travel rewards credit cards may assign a set value based on how you redeem your rewards, hotel and airline credit cards can have a more dynamic value system.
While that makes things more complicated, it also makes it possible to get more value with certain redemptions.
Are Credit Cards With Rewards Worth it?
Rewards credit cards can provide a lot of value for regular credit card users. However, they only make sense if you can pay your balance in full each month. Overspending and paying interest will reduce the net value you get from a rewards credit card or neutralize it entirely.
Is it Better to Get Miles or Cash Back?
There’s no simple answer to this question because it depends on your preference. While cash back offers more flexibility with how you can use your rewards, cash-back credit cards generally don’t offer as much total value as travel rewards credit cards.
On the other hand, travel rewards credit cards often have more complicated rewards programs, and many of them charge annual fees. As you compare our top 10 best rewards credit cards and other options, make a note of which features are most important to you and pick a card based on those preferences.
How Many Credit Cards Should You Have?
There’s no right number of credit cards to own. For people who want simplicity, having just one rewards card may be enough. However, it is possible to get more value by using multiple credit cards and taking advantage of the different bonus rewards and perks they offer.
If you’re considering using more than one credit card, have a plan to keep your accounts organized to avoid missing monthly payments.
Are Cards With Annual Fees Worth it?
Annual fees aren’t inherently bad, but they do affect the value you can get from a credit card. Before applying for a new rewards card, compare the cost of its fee with the value you gain from its rewards program and benefits. Then do the same for other cards, so you can compare.
If you can get more value based on your spending habits and preferences with a card that has no annual fee, go for it. But if an annual-fee card makes more sense, you could get more value despite its yearly cost.
