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 are especially valuable if you make large purchases on your card. To be approved for these cards, you need to know your credit history.
Capital One Savor Rewards card
The Capital One Savor rewards card offers high rewards rates on dining and entertainment. After you spend $3,000 in the first three months, you will receive a $300 cash reward. 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.
Capital One Savor Rewards Card is an excellent choice for those with good credit. The card offers unlimited 4% cashback on dining and entertainment purchases. You also get 3% cashback on groceries and streaming services. There are no foreign transaction charges, strong shopping protections and a simple redemption process.
Citi Premier Card
Citi Premier Card allows you to use points to purchase merchandise, gift certificates, and travel. Its rewards rate is outstanding, at three points per dollar spent on most categories. The card offers a $100 annual hotel bonus and is free of foreign transaction fees.
The card's perks are relatively modest, though. It does not provide lounge access or priority boarding. The card does offer other benefits such as access to Mastercard Luxury Hotels and Resorts. 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 is a high-end credit card with many perks. First, it allows you to transfer your points to participating airlines. This applies to airlines such as Emirates Skywards, Air Canada Aeroplan, and others. Redeem your points to purchase gift cards or merchandise. This card also features a unique feature, which allows you to transfer points from one loyalty program to another. Chase Sapphire Reserve allows you to transfer points at a 1:1 ratio to other loyalty programs. Transfer your points to certain partner airlines for as little 1.5 cents each.
A notable feature of this card is its higher earning structure than Sapphire Preferred. Chase Sapphire Reserve offers a higher earning structure than its Sapphire Preferred counterpart. You get more points for every dollar you spend. This is in addition to the fact that you can transfer your points into a variety travel partners and earn elite credits.
American Express cash back card
American Express cashback cards are a great option to earn rewards for everyday purchase. Blue Cash Everyday(r), while it comes with an annual $95 fee, earns more than 1% of all purchases in cashback rewards. You can earn up to $250 cash back per six months if you use your credit card frequently. Cardholders with 700+ credit rating who use their card for groceries and gas purchases are best.
Cash back credit cards have become very popular due to their tangible benefits. You can redeem cash back for your card at restaurants. This makes them more attractive than travel rewards cards or gas credit cards. You should know that not all cashback cards are created equal. While some offer cash back for all purchases, others have higher rates for certain categories. Many cards have a rotating list of highest-earning card categories, which gives you the opportunity to receive a higher cashback rate.