If you are thinking about getting a new credit line, a rewards card might be the best option. Rewards credit card offer more benefits and higher earnings potential. These cards can be especially useful if you make large purchase on your card. To be approved for these cards, you need to know your credit history.
Capital One Savor Rewards card
Capital One Savor rewards cards offer high rewards rates on dining out and entertainment. After spending $3,000 within three months, the card will give you a $300 cash bonus. You also get no foreign transaction fee and a host travel benefits like free 24-hour emergency support and travel accident coverage.
For people with good credit, the Capital One Savor rewards cards is a great option. It provides unlimited 4% cashback on dining out and entertainment purchases. The card also gives you 3% cash back on groceries and streaming services. Other features include no foreign transaction fee, solid shopping protections, easy redemption, and simple redemption.
Citi Premier Card
Citi Premier Card is a flexible rewards card that allows you to redeem points for merchandise and gift cards as well as travel. The rewards rate of the Citi Premier Card is excellent, at three points per $1 spent on most categories. It also has a $100 hotel benefit each year and zero foreign transaction fees.
The card's perks tend to be very modest. It does offer no lounge access and no perks like priority boarding. But, the card provides other travel benefits such as access the Mastercard Luxury Hotels and Resorts Program. Cardholders also get $5 credits for every three Lyft ride they take. Finally, the card offers three months of free DashPass membership, which saves members money on cab rides. ShopRunner membership is available for $79 and includes free shipping within two days to hundreds of retailers.
Chase Sapphire Reserve
Chase Sapphire Reserve, a high-end credit cards with many perks, is Chase Sapphire Reserve. It allows you to transfer 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. The card has an exclusive feature that allows you to transfer points into other loyalty programs. Chase Sapphire Reserve has a 1:1 transfer ratio to many loyalty programs. Transferring points to partner airlines is possible for as little as 1.5 cents per Point.
Another notable feature of this credit card is that it has a higher earning structure than its Sapphire Preferred counterpart. Chase Sapphire Reserve earns more points for every dollar than the Sapphire Preferred. Additionally, Chase Sapphire Reserve allows you to transfer points to multiple travel partners and earn elite credit.
American Express cash back card
American Express cashback cards are a great option to earn rewards for everyday purchase. Blue Cash Everyday(r), although it has a $95 per year fee, you will be able to earn cash back rewards on more than one-percent of your purchases. You can earn up to $250 cash back per six months if you use your credit card frequently. The card is best for consumers with a 700+ credit score who use their card for gas purchases and groceries.
Because of their tangible benefits, cashback credit cards are extremely popular. If you use your card at restaurants, you'll earn cash back that can be deposited into your account. This could make them more attractive than other rewards cards such as gas credit or travel rewards. Be aware, however, that not all cashback card offers are created equal. Some offer cashback on all purchases and others only on certain categories. Many cards rotate their highest earning categories every quarter, which allows you to take advantage of a higher cash back rate.