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Best rewards credit cards of October 2025
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Best for flat-rate cash rewards
on Wells Fargo's secure site
See Rates & FeesIntro offer
$200 cash rewards
Rewards rate
2%
Annual fee
$0
Regular APR
18.99%, 24.99%, or 28.99% Variable APR
Why you'll like this: It earns cash back at a consistent rate — and you can redeem it at an ATM.
Reward Details
- 2%Earn unlimited 2% cash rewards on purchases
What you should know
Learn more: Expert Aja McClanahan discusses if the Wells Fargo Active Cash is worth it
Alternative: The Citi Double Cash® Card may be a better option if you’re looking for a long intro APR balance transfer offer. The Chase Freedom Unlimited® could also be more valuable thanks to its additional 3 percent cash back categories.
- Paying your monthly cellphone bill with your card earns you cellphone protection, a relatively valuable perk.
- You can redeem your rewards as physical cash in $20 increments when you use a Wells Fargo ATM — a convenient option missing from many rewards cards.
- Though it comes with Visa Signature® features, the Active Cash card's extra perks are otherwise limited.
- You cannot transfer rewards to airline or hotel loyalty programs and can only redeem through Wells Fargo.
Card Details
Apply Now to take advantage of this offer and learn more about product features, terms and conditions.
Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
Earn unlimited 2% cash rewards on purchases.
0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 18.99%, 24.99%, or 28.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
$0 annual fee.
No categories to track or remember and cash rewards don't expire as long as your account remains open.
Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Best for flexibility
on Chase's secure site
See Rates & FeesIntro offer
Earn $200 cash back
Rewards Rate
1.5% - 5%
Annual fee
$0
Regular APR
18.74% - 28.24% Variable
Why you'll like this: Its high rewards rates make it lucrative as both a standalone card for everyday spending and as part of a Chase travel stack.
Reward Details
- 5%Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more.
- 3%3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service.
- 1.5%1.5% cash back on all other purchases.
What you should know
Learn more: Why I love the Chase Freedom Unlimited
Alternative: If you’re looking for maximum simplicity, the Citi Double Cash® Card can be a great option — it carries a high flat cash back rate, offers flexible redemption and pairs well with premium Citi travel cards, so it’s a great entry point if you’re just getting into rewards (but still want to keep your options open for the future).
- It’s one of the only cash back cards that offers a high rate in bonus specific categories and on general purchases.
- It has great long-term potential since you can pool points with a premium Chase travel card and potentially increase their value via a Points Boost offer or transfer partners.
- If a high flat rewards rate is what you’re after, this card’s base rate isn’t the most impressive.
- Other cards offer popular bonus categories like groceries or gas in addition to dining, which may prove more lucrative than this card’s drugstore category.
Card Details
Intro Offer: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening
Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases.
No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.74% - 28.24%.
No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
Member FDIC
Best for flat-rate travel rewards
on Capital One's secure site
See Rates & FeesIntro offer
Earn 75,000 miles
Rewards rate
2X miles - 5X miles
Annual fee
$95
Regular APR
19.99% - 28.99% (Variable)
Why you'll like this: It boasts solid short- and long-term value for occasional travelers with its flat rewards rate and welcome offer.
Reward Details
- 5X milesEarn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- 2X milesEarn unlimited 2X miles on every purchase, every day
What you should know
Learn more: Why expert Jacqueline DeMarco loves the Capital One Venture
Alternative: Frequent travelers may find the Capital One Venture X Rewards Credit Card more lucrative overall thanks to its higher-value — but still practical — perks and annual credits.
- Its simplicity and redemption flexibility make it a solid option even for occasional travelers.
- Its statement credits for perks like expedited security screening and its high-value, transferable miles make the already-low annual fee easy to offset.
- You may earn more rewards with a card that offers a higher bonus rewards rate in key spending categories like airfare, groceries and dining.
- Some competitors provide more eye-catching perks like annual hotel credits, account anniversary bonus points and ridesharing perks.
Card Details
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
Earn unlimited 2X miles on every purchase, every day
Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
Miles won't expire for the life of the account and there's no limit to how many you can earn
Receive up to a $120 credit for Global Entry or TSA PreCheck®
Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
Transfer your miles to your choice of 15+ travel loyalty programs
Limited time offer
Earn $200 cash back + $100 Capital One Travel credit
Best for entertainment
on Capital One's secure site
See Rates & FeesIntro offer
Earn $300 in welcome bonuses
Rewards rate
1% - 8%
Annual fee
$0
Regular APR
18.99% - 28.99% (Variable)
Why you'll like this: Its boosted cash back rate in popular spending categories makes it great as both a standalone option and a companion to other cards from the issuer.
Reward Details
- 8%Earn 8% cash back on Capital One Entertainment purchases
- 5%Earn unlimited 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel
- 3%Earn unlimited 3% cash back at grocery stores (excluding superstores like Walmart® and Target®), on dining, entertainment and popular streaming services
- 1%Earn 1% cash back on all other purchases
What you should know
Learn more: Is the Capital One Savor worth it?
Alternative: If you don’t spend much at the grocery store or on entertainment, then the Chase Freedom Unlimited® may be a better option. You'll earn cash back in multiple bonus categories (including dining) and a flat rewards rate on all other eligible purchases.
- It’s easily one of the most well-rounded rewards cards available thanks to its generous cash back rates and variety, accessible welcome offer and long intro APR periods.
- It offers automatic cash back redemption — a relatively rare option that can make the rewards experience even easier.
- Superstores and wholesale clubs like Walmart, Target, BJ’s and Sam’s Club do not count for elevated rewards rates, which may limit your potential earnings.
- A card with higher dining or grocery rewards rates could offer more value, even if that means paying an annual fee.
Card Details
LIMITED-TIME OFFER: Earn $300 in welcome bonuses. Enjoy a $100 credit to use towards flights, stays and rental cars booked through Capital One Travel during your first cardholder year. Plus, earn a $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening
$0 annual fee and no foreign transaction fees
Earn unlimited 3% cash back at grocery stores (excluding superstores like Walmart® and Target®), on dining, entertainment and popular streaming services, plus 1% on all other purchases
Earn 8% cash back on Capital One Entertainment purchases
Earn unlimited 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel
No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
0% intro APR on purchases and balance transfers for 12 months; 18.99% - 28.99% variable APR after that; balance transfer fee applies
Apply with confidence
By applying, you can see if you're approved before impacting your credit
Best for luxury travel
on American Express's secure site
See Rates & Fees, Terms ApplyIntro offer
As High As 175,000 points. Find Out Your Offer.
Rewards rate
5X
Annual fee
$895
APR
See Pay Over Time APR
Why you'll like this: It’s perfect for luxury-minded travelers who spare no expense when booking airfare or hotels and want the most with every experience.
Reward Details
- 5XEarn 5X points on flights purchased directly from airlines or through American Express Travel® on up to $500,000 on these purchases per calendar year.
What you should know
Learn more: Is the Amex Platinum worth the yearly fee?
Alternative: The Amex Platinum's perks may not be a great fit for some cardholders. The Chase Sapphire Reserve or Capital One Venture X may offer more practical perks at a lower cost.
- You could earn perhaps the most valuable welcome offer currently available when applying for the Amex Platinum through CardMatch: 175,000 points after spending $8,000 on purchases within the first six months.
- Carries perhaps the most comprehensive lounge access, hotel privileges and travel benefits of any mainstream personal card.
- Several annual credits and perks aren’t practical for many cardholders (like the Equinox and private jet program offers), which may make the $895 annual fee tough to offset.
- The bonus category coverage is quite narrow, so you’ll have to lean on the extra perks for the bulk of your value.
Card Details
You may be eligible for as high as 175,000 Membership Rewards® points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
Get more for your travels with 5X Membership Rewards® points on all flights and prepaid hotel bookings through American Express Travel®, including Fine Hotels + Resorts® and The Hotel Collection bookings. You earn 5X points on flights purchased directly from airlines or through American Express Travel® on up to $500,000 on these purchases per calendar year.
More Value! With over 1,550 airport lounges - more than any other credit card company on the market* - enjoy the benefits of the Global Lounge Collection®, over $850 of annual value, with access to Centurion Lounges, 10 complimentary Delta Sky Club® visits when flying on an eligible Delta flight (subject to visit limitations), Priority Pass Select membership (enrollment required), and other select partner lounges. * As of 07/2025.
More Value! $200 Uber Cash + $120 Uber One Credit: With the Platinum Card® you can receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Platinum Card® to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction. Plus, when you use the Platinum Card® to pay for an auto-renewing Uber One membership, you can get up to $120 in statement credits each calendar year. Terms apply.
More Value! $300 Digital Entertainment Credit: Get up to $25 in statement credits each month after you pay for eligible purchases with the Platinum Card® at participating partners. Enrollment required.
More Value! $600 Hotel Credit: Get up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts® or The Hotel Collection* bookings through American Express Travel® using the Platinum Card®. *The Hotel Collection requires a minimum two-night stay.
New! $400 Resy Credit + Platinum Nights by Resy: When you use the Platinum Card® to pay at U.S. Resy restaurants and to make other eligible purchases through Resy, you can get up to $100 in statement credits each quarter with the $400 Resy Credit benefit. Plus, with Platinum Nights by Resy, you can get special access to reservations on select nights at participating in demand Resy restaurants with the Platinum Card®. Simply add your eligible Card to your Resy profile to book and discover Platinum Nights reservations near you, enrollment required.
More Value! $209 CLEAR® Plus Credit: CLEAR® Plus helps get you to your gate faster by using unique facial attributes to verify you are you at 50+ airports nationwide. You can cover the cost of a CLEAR Plus Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR Plus with the Platinum Card®. *Excluding any applicable taxes and fees. Subject to auto-renewal.
$200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to the Platinum Card® Account*. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
Start your vacation sooner, and keep it going longer. When you book Fine Hotels + Resorts® through American Express Travel®, enjoy noon check-in upon arrival, when available, and guaranteed 4PM check-out.
New! $300 lululemon Credit: Enjoy up to $75 in statement credits each quarter when you use the Platinum Card® for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. That’s up to $300 in statement credits each calendar year. Enrollment required.
$155 Walmart+ Credit: Receive a statement credit* for one monthly Walmart+ membership (subject to auto-renewal) after you pay for Walmart+ each month with the Platinum Card®. *Up to $12.95 plus applicable local sales tax. Plus Ups not eligible.
$100 Saks Credit: Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on the Platinum Card®. That’s up to $50 in statement credits from January through June and up to $50 in statement credits from July through December. No minimum purchase required. Enrollment required.
Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
$895 annual fee.
Terms Apply.
Apply with confidence
By applying, you can see if you're approved before impacting your credit
Best for groceries
on American Express's secure site
See Rates & Fees, Terms ApplyIntro offer
Earn $250
Rewards rate
1% - 6%
Annual fee
$0 intro annual fee for the first year, then $95.
APR
19.99%-28.99% Variable
Why you'll like this: It boasts the highest cash back rate available at U.S. supermarkets.
Reward Details
- 6%Earn 6% cash back at U.S. supermarkets on up to $6,000 per year in eligible purchases (then 1%).
- 6%Earn 6% cash back on select U.S. streaming subscriptions.
- 3%Earn 3% cash back at eligible U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more) purchases.
- 1%Earn 1% cash back on other purchases.
What you should know
Learn more: Why expert Ted Rossman loves the Blue Cash Preferred
Alternative: A flat-rate card like the Wells Fargo Active Cash Card could provide better value at superstores (like Target and Walmart) or wholesale clubs (like Costco or Sam’s Club). And if the annual fee is a deal-breaker, the Blue Cash Everyday® Card from American Express or the Bank of America® Customized Cash Rewards credit card may work for smaller budgets.
- The card also offers unlimited 6 percent back on select U.S. streaming subscriptions — one of the best rates available in that category.
- Few premium cards offer intro APR periods, but this card provides an intro APR on purchases and balance transfers — handy for chipping away at the cost of large expenses over time.
- Your only redemption options are statement credits, gift cards or merchandise.
- Purchases at wholesale clubs, superstores (like Walmart), and specialty stores (bakeries, farmers markets, etc.) are excluded from the card’s U.S. supermarket bonus category and only earn 1 percent back.
Card Details
Earn a $250 statement credit after you spend $3,000 in eligible purchases on your new Card within the first 6 months.
$0 intro annual fee for the first year, then $95.
Low Intro APR: 0% intro APR on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.99% - 28.99%.
Plan It®: Buy now, pay later with Plan It. Split purchases of $100 or more into equal monthly installments with a fixed fee so you don’t have the pressure of paying all at once. Simply select the purchase in your online account or the American Express® App to see your plan options. Plus, you’ll still earn rewards on purchases the way you usually do.
Earn 6% cash back at U.S. supermarkets on up to $6,000 per year in eligible purchases (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back at eligible U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more) purchases and 1% cash back on other purchases. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit and at Amazon.com checkout.
Get up to a $10 monthly statement credit after using your enrolled Blue Cash Preferred® Card for a subscription purchase, including a bundle subscription purchase, at disneyplus.com, Hulu.com, or Plus.espn.com U.S. websites. Subject to auto-renewal.
Apply with confidence. Know if you're approved for a Card with no impact to your credit score. If you're approved and you choose to accept this Card, your credit score may be impacted.
Terms Apply.
Best travel card for rewards value
on Chase's secure site
See Rates & FeesIntro offer
75,000 bonus points
Rewards rate
1x - 5x
Annual fee
$95
Regular APR
19.74% - 27.99% Variable
Why you'll like this: It boasts terrific rewards value with its annual bonus points, practical bonus categories, high-value points and redemption flexibility.
Reward Details
- 5xEarn 5x on travel purchased through Chase Travel℠.
- 3xEarn 3x on dining, select streaming services and online groceries.
- 2xEarn 2x on all other travel purchases.
- 1xEarn 1x on all other purchases.
What you should know
Learn more: Why we love the Chase Sapphire Preferred
Alternative: The Citi Strata Premier® Card could be more rewarding if you’d benefit from a larger pool of everyday reward categories and stronger benefits and rewards rates for hotel stays.
- Valuable perks like annual hotel statement credits and anniversary points bonus can carry enough value to easily justify the annual fee.
- High-value transfer partners make this card one of the best options for occasional travelers who want to earn rewards on everyday spending.
- Although Points Boost redemptions could be valuable, there’s no guarantee that your travel plans will be eligible.
- The card's grocery rewards rate only applies to eligible online grocery purchases, which could limit its appeal as a standalone option for everyday rewards.
Card Details
Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases
Earn up to $50 in statement credits each account anniversary year for hotel stays through Chase Travel℠
10% anniversary points boost - each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Complimentary DashPass which unlocks $0 delivery fees & lower service fees for a min. of one year when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders.
Member FDIC
Apply with confidence
By applying, you can see if you're approved before impacting your credit
Best for food and travel
on American Express's secure site
See Rates & Fees, Terms ApplyIntro offer
As High As 100,000 points. Find Out Your Offer.
Rewards rate
1X - 4X
Annual fee
$325
APR
See Pay Over Time APR
Why you'll like this: Along with its terrific perks for foodies, it offers valuable rewards on everyday spending.
Reward Details
- 4XEarn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- 4XEarn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- 3XEarn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- 2XEarn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- 1XEarn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
What you should know
“What I love most about having an Amex rewards card is its valuable rewards — Bankrate values Membership Rewards points at around 2.0 cents per point. So when I use my card for groceries, dining or travel, I know the rewards I earn will go a long way when redeemed with Amex’s transfer partners or through Amex Travel.” – Madison Hoehn, Bankrate credit cards editor
Learn more: Why expert Matt Bundrick loves the Amex Gold
Alternative: the American Express Platinum Card® and the Chase Sapphire Reserve® are smart picks since both offer better travel perks, rewards and protections. But the Capital One Savor or Chase Sapphire Preferred could be a better fit if you want excellent dining and grocery rewards for a more modest annual fee.
- Transferring points to partner airline or hotel loyalty programs, which include popular brands like Delta and Hilton, can get you more value.
- You can earn additional rewards by enrolling in Amex Offers.
- You'll need to use the annual credits or transfer points for travel frequently to offset the annual fee.
- Your points are worth much less if you redeem them to cover dining purchases or any travel purchases other than airfare (they’re often worth half as much or less).
Card Details
You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
$120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
$84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
$100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
$120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. 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, and Five Guys. Enrollment required.
Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
No Foreign Transaction Fees.
Annual Fee is $325.
Terms Apply.
Best for travel credits
on Chase's secure site
See Rates & FeesIntro offer
125,000 bonus points
Rewards Rate
1x - 8x
Annual fee
$795
Regular APR
19.99% - 28.49% Variable
Why you'll like this: It carries a ton of valuable perks and credits, ranging from flexible travel statement credits to airline- and hotel-specific status upgrades.
Reward Details
- 8xEarn 8x points on all purchases through Chase Travel℠, including The Edit℠.
- 4xEarn 4x points on flights and hotels booked direct.
- 3xEarn 3x points on dining worldwide.
- 1xEarn 1x points on all other purchases.
What you should know
Learn more: Is the Chase Sapphire Reserve still worth it?
Alternative: Other premium travel cards can offer terrific value with lower stakes. The Capital One Venture X Rewards Credit Card strikes a great balance with its valuable but easy-to-maximize perks and simple flat rewards rate. It’s a great pick if you fall somewhere between “frequent traveler” and “luxury traveler.”
- It boasts a ton of valuable perks and credits, making the card easily worth it as long as you make the most of them.
- You may be able to significantly increase the redemption value of your points if you can score a Points Boost offer via Chase Travel or transfer to the right airline or hotel partner.
- Without a Points Boost offer, points are worth just 1 cent each. That’s the same as most no-annual-fee travel cards.
- Some of the niche perks may be tough to maximize, such as the dining and streaming credits, which may not match your preferences.
Card Details
Earn 125,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.
Get more than $2,700 in annual value with Sapphire Reserve.
Earn 8x points on all purchases through Chase Travel℠, including The Edit℠ and 4x points on flights and hotels booked direct. Plus, earn 3x points on dining worldwide & 1x points on all other purchases
$300 annual travel credit as reimbursement for travel purchases charged to your card each account anniversary year.
Access over 1,300 airport lounges worldwide with a complimentary Priority Pass™ Select membership, plus every Chase Sapphire Lounge® by The Club with two guests. Plus, up to $120 towards Global Entry, NEXUS, or TSA PreCheck® every 4 years
Get up to $150 in statement credits every six months for a maximum of $300 annually for dining at restaurants that are part of Sapphire Reserve Exclusive Tables.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Coverage, Lost Luggage Insurance, no foreign transaction fees, and more.
Get complimentary Apple TV+, the exclusive streaming home of Apple Originals. Plus Apple Music — all the music you love, across all your devices. Subscriptions run through 6/22/27 — a value of $250 annually
Member FDIC
Best for online shopping
on Amazon's secure site
See Rates & FeesIntro offer
Get a $150 Amazon Gift Card
Rewards rate
1% - 10%
Annual fee
$0
Regular APR
19.24% - 27.99% Variable
Why you'll like this: It boasts a terrific rewards rate on Amazon purchases, which can cover a slew of household items, entertainment, gifts, food and more.
Reward Details
- 10%Prime Card Bonus: Earn 10% back or more on a rotating selection of items and categories on Amazon.com with an eligible Prime membership
- 5%Earn unlimited 5% back at Amazon.com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases with an eligible Prime membership
- 2%Earn unlimited 2% back at gas stations, restaurants, and on local transit and commuting (including rideshare)
- 1%Earn unlimited 1% back on all other purchases
What you should know
Learn more: What card expert Holly Johnson loves about the Prime Visa
Alternative: If you want to earn rewards on groceries and online shopping without being stuck buying from Amazon.com or Whole Foods, consider the Blue Cash Everyday card. It offers a solid rewards rate on both U.S. online retail purchases and at U.S. supermarkets, making it a more flexible but still lucrative option.
- The sign-up bonus is lower than other no-annual-fee rewards card bonuses, but you’ll earn it instantly on approval, with no spending requirement to worry about.
- Unlocks exclusive pay-over-time financing on eligible Amazon purchases, giving you a chance to chip away at large expenses without stressing over interest charges (terms apply).
- For a no-annual-fee general rewards card, Prime Visa offers significant travel benefits like no foreign transaction fees, lost luggage reimbursement and travel accident insurance.
- It doesn’t carry a traditional intro APR, so you can’t finance non-Amazon purchases with a 0 percent APR.
- An Amazon Prime membership runs $139 per year, so the bonus rates might be only worth it if you already are or plan to become a member.
Card Details
Get a $150 Amazon Gift Card instantly upon approval exclusively for Prime members
Earn unlimited 5% back at Amazon.com, Amazon Fresh, Whole Foods Market and on Chase Travel purchases with an eligible Prime membership
Prime Card Bonus: Earn 10% back or more on a rotating selection of items and categories on Amazon.com with an eligible Prime membership
Earn unlimited 2% back at gas stations, restaurants, and on local transit and commuting (including rideshare)
Earn unlimited 1% back on all other purchases
No annual credit card fee
No more waiting. Redeem daily rewards at Amazon.com as soon as the next day
Member FDIC
Best for category variety
on Discover's secure site
See Rates & FeesIntro offer
Cashback Match
Rewards rate
1% - 5%
Annual fee
$0
Regular APR
17.99% - 26.99% Variable APR
Why you'll like this: It offers the best rewards rate you can get in several popular categories over the course of the year.
Reward Details
- 5%Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate.
- 1%Plus, earn unlimited 1% cash back on all other purchases.
What you should know
Learn more: Why expert Holly Johnson loves the Discover it® Cash Back
Alternative: You may get more value from the Chase Freedom Flex®. Along with its rotating bonus categories, the card offers year-round cash back on dining and drugstore purchases, which can offer value when a quarterly category doesn’t align with your spending.
- It’s one of the best cash back cards on the market if you’re looking for minimal fees: no annual fee, foreign transaction fees, penalty APR or fee on your first late payment (up to $41 after that). You’ll also enjoy solid intro APR offers and a decent ongoing APR.
- Its rotating bonus category variety is nearly unmatched, typically including everything from groceries to online shopping.
- You must activate and track your bonus categories each quarter, which could make the card too high-maintenance for some applicants.
- The card carries hardly any additional features (like travel insurance or other credits) beyond its rewards and low rates and fees.
- It has a quarterly spending cap for bonus categories.
Card Details
Intro Offer: Unlimited Cashback Match for all new cardmembers. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.
Redeem cash back for any amount. No annual fee.
Get a 0% intro APR for 15 months on purchases. Then 17.99% to 26.99% Standard Variable Purchase APR applies, based on credit worthiness.
Terms and conditions apply.
Limited time offer
Earn 20,000 bonus miles + $100 Capital One Travel credit
Best no-annual-fee travel card
on Capital One's secure site
See Rates & FeesIntro offer
Earn $300 in travel bonuses
Rewards rate
1.25X miles - 5X miles
Annual fee
$0
Regular APR
18.99% - 28.99% (Variable)
Why you'll like this: Earning travel rewards is simple and low risk thanks to its solid flat rewards rate and $0 annual fee.
Reward Details
- 5X milesEarn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- 1.25X milesEarn unlimited 1.25X miles on every purchase, every day
What you should know
Learn more: 7 reasons to get the Capital One VentureOne Rewards Card
Alternative: If you prioritize a card’s rewards rate over basic travel perks and transfer partners, consider the no-annual-fee Discover it® Miles card or the Bank of America® Travel Rewards credit card for a 1.5X reward rate on all purchases that can be redeemed for versatile travel purchase statement credits.
- You can transfer miles to airline and hotel partners — a rare perk for a no-annual-fee travel card.
- There’s a relatively lengthy intro APR period for purchase and balance transfer— uncommon for a travel mile card.
- If you don’t plan on transferring rewards to Capital One’s travel partners, another travel rewards card may offer better point redemption value.
- If you usually fly within the U.S., keep in mind that Capital One’s transfer partners don’t include any major domestic airlines or hotels outside the Wyndham brand.
Card Details
LIMITED-TIME OFFER: Earn $300 in travel bonuses. Enjoy $100 to use on Capital One Travel in your first cardholder year, plus earn 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening - that’s equal to $300 in travel
$0 annual fee and no foreign transaction fees
Earn unlimited 1.25X miles on every purchase, every day
Miles won't expire for the life of the account and there's no limit to how many you can earn
Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
Transfer your miles to your choice of 15+ travel loyalty programs
Enjoy 0% intro APR on purchases and balance transfers for 15 months; 18.99% - 28.99% variable APR after that; balance transfer fee applies
Best for hotel bookings
Intro offer
Earn 60,000 bonus ThankYou® Points
Rewards rate
1X - 10X
Annual fee
$95
Regular APR
19.99% - 27.99% (Variable)
Why you'll like this: It has a valuable welcome offer and an annual hotel credit that can easily offset its annual fee.
Reward Details
- 10XEarn 10 Points per $1 spent on Hotels, Car Rentals, and Attractions booked on CitiTravel.com.
- 3XEarn 3 Points per $1 on Air Travel and Other Hotel Purchases, at Restaurants, Supermarkets, Gas and EV Charging Stations.
- 1XEarn 1 Point per $1 spent on all other purchases
What you should know
Alternatives: The Chase Sapphire Preferred® Card may offer more value for both frequent travelers and everyday spenders, thanks mostly to its high point redemption value. And while its hotel perk is only worth up to $50 in annual statement credits toward hotel stays through Chase Travel, you’ll only need to spend $50 to earn it (versus $500 with the Strata Premier).
- It offers rewards in several everyday spending categories, so it should be easy to earn travel points even if you don’t actually spend a ton on travel.
- It stacks exceptionally well with no-annual-fee Citi rewards cards, giving you a chance to maximize your rewards in nearly every major spending category.
- You’ll only earn the annual hotel benefit if you book a single hotel stay of $500 or more (excluding taxes and fees) through CitiTravel.com. That’s pretty inflexible.
- Bankrate estimates that Citi rewards carry a lower average redemption value (around 1.6 cents per point) than several competing programs (some of which offer 2 cents per point or more in value).
Card Details
Earn 60,000 bonus ThankYou® Points after spending $4,000 in the first 3 months of account opening, redeemable for $600 in gift cards or travel rewards at thankyou.com.
Earn 10 Points per $1 spent on Hotels, Car Rentals, and Attractions booked on CitiTravel.com.
Earn 3 Points per $1 on Air Travel and Other Hotel Purchases, at Restaurants, Supermarkets, Gas and EV Charging Stations.
Earn 1 Point per $1 spent on all other purchases
$100 Annual Hotel Benefit: Once per calendar year, enjoy $100 off a single hotel stay of $500 or more (excluding taxes and fees) when booked through CitiTravel.com. Benefit applied instantly at time of booking.
No expiration and no limit to the amount of points you can earn with this card
No Foreign Transaction Fees on purchases
Best for affordable travel perks
on Capital One's secure site
See Rates & FeesIntro offer
Earn 75,000 miles
Rewards rate
2 Miles - 10 Miles
Annual fee
$395
Regular APR
19.99% - 28.99% (Variable)
Why you'll like this: You’ll get access to a handful of the most useful and valuable travel perks out there without breaking the bank.
Reward Details
- 10 Miles10 Miles per dollar on hotels and rental cars booked through Capital One Travel
- 5 Miles5 Miles per dollar on flights and vacation rentals booked through Capital One Travel
- 2 Miles2 Miles per dollar on every purchase, every day
What you should know
“If I’m ever not sure what card to use for a purchase, I use this card. Earning rewards at a solid flat rate on a card with plenty of redemption options is never a bad move in my book.” – Ryan Flanigan, Bankrate credit cards writer
Learn more: Why the Capital One Venture X is great for saving on your next trip
Alternative: If you don't think you'll use Venture X’s features, consider a lower-cost travel card instead. The base Venture card also earns a flat 2X miles, while the Chase Sapphire Preferred can offer higher redemption value and other bonus categories beyond travel.
- The card's travel perks easily offer enough value to make the card worth it.
- You’ll also enjoy Visa Infinite benefits (including exclusive travel concierge service) and the Capital One Travel portal’s AI-powered pricing perks for more affordable bookings.
- It’s missing a number of the luxury benefits you’ll find on rival cards, like an annual CLEAR membership credit, complimentary hotel or airline loyalty status and other airline hotel and restaurant partner perks.
- Its biggest drawback is perhaps Capital One’s lack of major domestic airline partners, which limits the value of your miles compared to rewards on other travel cards.
Card Details
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
Receive a $300 annual credit for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights and vacation rentals booked through Capital One Travel
Earn unlimited 2X miles on all other purchases
Enjoy access to 1,300+ lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
Receive up to a $120 credit for Global Entry or TSA PreCheck®
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Compare Bankrate’s top rewards credit cards
| Our picks for | Rewards highlights | Learn more | ||
|---|---|---|---|---|
Flat-rate cash rewards |
| $0 | ||
Flexibility |
| $0 | ||
Flat-rate travel rewards |
| $95 | ||
Limited time offer More information about this limited time offer | Entertainment + Best overall |
| $0 | |
Apply with confidence Hover to learn more on American Express's secure site See Rates & Fees, Terms Apply | Luxury travel |
| $895 | Apply with confidence Hover to learn more on American Express's secure site See Rates & Fees, Terms Apply |
Apply with confidence Hover to learn more on American Express's secure site See Rates & Fees, Terms Apply | Groceries |
| $0 intro annual fee for the first year, then $95. | Apply with confidence Hover to learn more on American Express's secure site See Rates & Fees, Terms Apply |
Travel rewards value |
| $95 | ||
Apply with confidence Hover to learn more on American Express's secure site See Rates & Fees, Terms Apply | Food and travel |
| $325 | Apply with confidence Hover to learn more on American Express's secure site See Rates & Fees, Terms Apply |
Travel credits |
| $795 | ||
Online shopping |
| $0 | ||
Category variety |
| $0 | ||
Limited time offer More information about this limited time offer | No-annual-fee travel card |
| $0 | |
Hotel bookings |
| $95 | ||
Affordable travel perks |
| $395 |
*Bankrate’s points and miles valuations are based on an average of the issuer’s five highest-value transfer partners (if available).
How should you choose a rewards card?
Navigating the wide range of rewards card options can be difficult. How do you narrow down your search?
“Consider your spending habits and try to find cards that give you the biggest rewards in those categories,” says Ryan Flanigan, credit cards writer at Bankrate who carries dozens of rewards cards. “Make sure you have plans for how you'll use the rewards.”
Let's go over this in more detail. To kick off your search for the right card, ask yourself the following three questions:
What kind of rewards do you want to earn?
The first thing you need to decide is what kind of rewards you want to earn. Cash back is a simple and flexible rewards currency that tends to offer consistent value. Travel rewards, on the other hand, can provide higher value — but you’ll need to put in some work and strategy to get it.
Here’s a look at the different types of rewards, which cards earn them and the pros and cons of each.
These cards are your best choice for earning rewards on day-to-day purchases. They rarely charge annual fees, and cash back typically stays consistent in value. Sometimes, it can also be pooled with travel rewards from the same issuer. On the other hand, cash back cards lack notable benefits beyond rewards — but some may offer limited-time perks.
They earn some of the most valuable rewards on various everyday and travel purchases, but the value depends on the redemption method. These cards are also among the best cards on the market for valuable perks. However, that comes at a price: Premium general-purpose travel cards charge annual fees ranging from $95 to $795.
Co-branded travel cards offer perks, privileges and boosted rewards rates with specific airlines or hotel brands. Major hotel points often hold lower average values than the average value of general travel points and airline miles. Annual fees vary widely, from $0 to $550 and more.
How do you want to earn rewards?
Once you know the type of rewards you want to earn, the next step is to figure out how you will earn them. To do that, you should look at where you spend your money.
For example, if groceries make up a large part of your budget, first look for a card that earns bonus rewards for groceries, then decide whether you want to earn cash back or points. The American Express® Gold Card could be an excellent option for points, while the Capital One Savor Cash Rewards Credit Card and the Blue Cash Preferred® Card from American Express are better for cash back.
Consider the effort you’ll need to put in earning rewards as well. A card might offer outstanding rewards rates, but the rewards structure might make them challenging to earn. Overall, there are three types of rewards structures:
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Flat rewards rates: The easiest to manage since you earn rewards at the same rate on almost all purchases (usually 1.5 percent or 2 percent back). This structure is a great fit if you value simplicity but cards with tiered rates can be more rewarding.
-
Tiered bonus categories: You can earn anywhere from 2 percent to 6 percent back in popular bonus categories like groceries, dining and travel, but often just 1 percent in less common spending categories.
-
Rotating categories: You can earn chart-topping 5 percent rewards on categories that change each quarter, but maximizing your rewards requires a lot of effort. This structure may be better suited as a supplement to flat rewards rates and tiered bonus categories.
The best rewards programs
It’s easy to evaluate the potential value of a cash back card since the redemption value of cash rewards don’t change. That’s not always the case with points and miles. Add card benefits to the mix and deciding on the best rewards program to join can be a challenge.
Let’s dig into what various rewards programs offer and what you need to know to choose the right one for you.
Which points are most valuable?
When you ask if a rewards card is worth it, also ask what the rewards themselves are worth.
Rewards value doesn’t only vary by program. It can also vary by card and redemption method.
When it comes to travel rewards, there’s typically a baseline value that you get redeeming through the issuer’s travel portal or for cash. Then, some issuers also partner with airline and hotel companies to allow cardholders to transfer their rewards into the partners’ rewards programs. With the right transfer, it’s possible to significantly boost rewards value.
To eliminate some of the guesswork, we evaluated how much points and miles are worth across popular card rewards programs. Here are the top four card rewards programs, based on our valuations:
| Rewards program | Baseline value | Bankrate value* | Estimated value of 50,000 points/miles |
| Bilt Rewards | 1.25 cents(0.55 cents toward cash rewards) | 2.1 cents | $1,050 |
| American Express Membership Rewards | 1 cent(0.6 cents toward cash rewards) | 2.0 cents | $1,000 |
| Chase Ultimate Rewards (Chase Sapphire Preferred® Card and Ink Business Preferred® Credit Card) | 1 cent (1 cent toward cash rewards) | 2.0 cents | $1,000 |
| Capital One miles | 1 cent(1 cent toward eligible travel purchase credits; 0.5 cents for other cash back redemptions) | 1.7 cents | $850 |
Note that besides the potential values, it's important to consider what you see yourself redeeming the rewards for most often. If you have a preferred airline or hotel brand, make sure it's on the list of the issuer's transfer partners. If you'd rather stick to the issuer's travel portal, you want a program that offers at least 1 cent per point or mile for such redemptions.
Our experts' favorite rewards programs
“I have the Capital One Venture X Rewards Credit Card, which earns incredibly flexible travel rewards. I'm not big on rewards transfers, so I appreciate that Capital One miles hold consistent value whether I book travel through the issuer's portal or use miles to cover recent travel purchases. Plus, I convert my Capital One Savor Cash Rewards Credit Card’s cash back into miles to earn free travel faster. It's really simple and convenient!"
“I have the Capital One Venture X Rewards Credit Card, which earns incredibly flexible travel rewards. I'm not big on rewards transfers, so I appreciate that Capital One miles hold consistent value whether I book travel through the issuer's portal or use miles to cover recent travel purchases. Plus, I convert my Capital One Savor Cash Rewards Credit Card’s cash back into miles to earn free travel faster. It's really simple and convenient!"
“I base my cards strategy around earning flexible rewards on everyday spending while minimizing the number of cards I need to use. In all my years of reviewing credit cards, I’ve found the Chase Ultimate Rewards program still strikes the best balance between versatility and value. It’s hard to beat a program that offers top-shelf rewards value through transfer partners, a full 1-cent-per-point cash back redemption value and a unique rewards value boost toward issuer-booked travel.”
“I base my cards strategy around earning flexible rewards on everyday spending while minimizing the number of cards I need to use. In all my years of reviewing credit cards, I’ve found the Chase Ultimate Rewards program still strikes the best balance between versatility and value. It’s hard to beat a program that offers top-shelf rewards value through transfer partners, a full 1-cent-per-point cash back redemption value and a unique rewards value boost toward issuer-booked travel.”
“I like to maximize my rewards on every purchase, no matter how large or small. I get the best value from Chase Ultimate Rewards points, particularly when transferring to World of Hyatt or Southwest Airlines rewards. Whether it's spending towards an annual bonus or using the best bonus multiplier for almost any category, my arsenal of Chase cards bring the largest possible return for the best possible value. Combining my points boosts the value earned by each card, making my Chase cards a well-oiled rewards machine that facilitates great travel experiences for my family.”
“I like to maximize my rewards on every purchase, no matter how large or small. I get the best value from Chase Ultimate Rewards points, particularly when transferring to World of Hyatt or Southwest Airlines rewards. Whether it's spending towards an annual bonus or using the best bonus multiplier for almost any category, my arsenal of Chase cards bring the largest possible return for the best possible value. Combining my points boosts the value earned by each card, making my Chase cards a well-oiled rewards machine that facilitates great travel experiences for my family.”
What makes a “good” rewards card?
There’s no rewards card that’s perfect for everyone, but a good card for you:
Offers rewards you find valuable
Cash back cards are generally easiest if you want to use your rewards to fuel your everyday spending. But if you travel and don’t mind strategizing to maximize your rewards, you could get better redemption value than the standard 1 cent per point or mile, especially with a travel rewards card with redemption options like transfer partners.
Rewards your spending habits
You can match your spending habits with a fitting rewards card once you know your major monthly categories, where you often shop and how much you typically spend. Keep in mind, some cards have caps on your rewards rates and drop your rate to 1 percent after you spend a certain amount in a select category within a timeframe. This is often up to $1,500 per quarter or up to $6,000 per year, which could make a card with no rewards rate cap more valuable depending on how much you typically spend.
The right card for you will reward you at a high rate in your most common spending categories and without much additional effort. Pick the card with a rewards program that matches the amount of effort you’re comfortable with.
Provides benefits you can use consistently;
Perks that come with a card can play a key role in determining its overall value. Many premium cards carry flashy perks like annual travel credits, airport lounge access and automatic loyalty status, but be sure to read the fine print and calculate whether you’ll actually get enough value out of these perks to consistently offset the yearly cost.
Allows you to easily offset fees
If your credit card charges an annual fee, you want to ensure you can offset it with valuable benefits. Additionally, you don’t want to find yourself in a scenario where you incur additional spending just to take advantage of a perk. Card benefits should naturally match your lifestyle.
Rewards extra effort or offers simplicity
Some rewards cards offer outstanding potential value — but only if you're willing to put in some effort (and spend). Other cards might provide less potential value, but the benefits are also much easier to take advantage of.
For example, the American Express Platinum Card® and the American Express® Gold Card, provide hundreds of dollars in statement credits, but you’ll have to put in some work to earn them every month. The Capital One Venture X Rewards Credit Card doesn't offer such credits, but its annual travel credit and anniversary bonus are much easier to use.
Which type of card works better for you depends on your spending habits, as well as how much work you're ready to put into maximizing a credit card's value.
What's your go-to method for maximizing credit card rewards?
I have multiple credit cards in all of my largest spend categories. For me, that includes groceries, travel and dining out. Then, it’s just about making sure I’m using the right card for the right purchases and watching the rewards roll in. I also have authorized user cards for my husband for each one, so I get rewards from his spending too.
I have multiple credit cards in all of my largest spend categories. For me, that includes groceries, travel and dining out. Then, it’s just about making sure I’m using the right card for the right purchases and watching the rewards roll in. I also have authorized user cards for my husband for each one, so I get rewards from his spending too.
On the earning side, I maximize credit card rewards by signing up for a new card when there is an elevated welcome bonus offer. Earning a welcome bonus on a new card is the quickest way to add many thousands of points to your reward balance as it typically requires a set amount of spending within a specific timeframe. On the redemption side, I maximize my credit card rewards by utilizing limited-time transfer bonuses from the flexible programs.
On the earning side, I maximize credit card rewards by signing up for a new card when there is an elevated welcome bonus offer. Earning a welcome bonus on a new card is the quickest way to add many thousands of points to your reward balance as it typically requires a set amount of spending within a specific timeframe. On the redemption side, I maximize my credit card rewards by utilizing limited-time transfer bonuses from the flexible programs.
Most people focus their credit card strategy on how to earn the most points possible and then later think about what they might be able to redeem them for. I think this is backwards. I like to start by knowing what reward I’m working toward, then reverse engineer my earning strategy. I’m not just earning points — I’m earning the right points, and I know I’m going to be able to put them into use! This is much more motivating.
Most people focus their credit card strategy on how to earn the most points possible and then later think about what they might be able to redeem them for. I think this is backwards. I like to start by knowing what reward I’m working toward, then reverse engineer my earning strategy. I’m not just earning points — I’m earning the right points, and I know I’m going to be able to put them into use! This is much more motivating.
Rewards credit cards are changing
Nothing is static in the rewards credit card space. As some of the most popular rewards programs are changing, new cards are also emerging.
Citi changes
In May, the Citi Strata℠ Card was launched to replace the Citi Rewards+® Card. The Citi Strata has no annual fee and earns bonus rewards in everyday categories such as supermarkets, restaurants and select transit and gas/EV stations. Cardholders also get to choose an extra bonus category with options ranging from fitness clubs to pet supply stores.
Additionally, the issuer launched the new Citi Strata Elite℠ Card in July. This premium travel card offers elevated rewards on bookings made through Citi Travel, as well as on dining. Cardholders also get access to $1,500 in lifestyle benefits each year, including up to $300 off a hotel stay of two nights or more booked through Citi Travel, up to $200 in statement credits on up to two eligible brands, four American Airlines Admirals Club passes annually and more.
Chase Ultimate Rewards changes
In June, significant changes came to Chase's Ultimate Rewards program. Instead of the value of 1.25 cents per point on the Chase Sapphire Preferred (or 1.5 cents per point on the Chase Sapphire Reserve) for redeeming points through Chase Travel, the issuer will now only offer 1 cent per point on these redemptions. Cardholders will get access to “Points Boost” — select offers to redeem through the portal at a higher value.
This effectively changes the value proposition of the Chase Sapphire cards. High-value redemptions for all travel booked through the portal allowed cardholders flexibility. People who didn't transfer their points to Chase's partners could still get excellent value out of their rewards. That's not the case anymore — unless they find a Points Boost offer that works for them each time they book.
Ted Rossman, a senior industry analyst at Bankrate, writes that the change makes it harder and more expensive to use your rewards points. Relying on transfer partners is “more complicated and not always ideal for travelers on a fixed schedule.”
Chase Sapphire Reserve changes
To add to that, the Chase Sapphire Reserve also underwent major changes, and it's up for debate whether the card has become more or less valuable as a result.
Though its annual fee increased from $550 to $795, the card also got a long list of new branded statement credit benefits along with a few other premium perks like airline and hotel statuses. However, many of the credits are doled out in bi-annual and monthly increments — a trend some card experts call the “couponization” of rewards cards. Such a structure, initially adopted by the American Express Platinum, inevitably makes it more difficult for cardholders to maximize a card's value.
Still, the value is there for the right cardholder. For example, Brooklyn Lowery, a credit cards senior editor at Bankrate, uses the card to transfer points to travel partners and intends to keep it despite the higher fee.
“I don't like Chase Sapphire Reserve's higher annual fee, and it absolutely makes the card an unwise choice for a lot of people,” says Lowery. “But my family will organically use most of the annual credits, and we'll certainly put airport lounge access to good use. That, combined with the points we'll earn and burn, means we'll more than offset the fee.”
Frequently asked questions about rewards credit cards
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Typically, credit card rewards don’t expire for the life of your account. That means your rewards won’t expire if you keep your account open and in good standing. However, read your rewards program’s terms and conditions carefully since this isn’t guaranteed for all cards.
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Generally, rewards are not considered taxable since the IRS considers the rewards to be a form of rebate on the purchase. Though uncommon, rewards may be taxable if they’re received under circumstances like bonus offers without a spending requirement. Make sure to look at the credit card’s terms to see the conditions of how you can receive and redeem bonus rewards.
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You typically need good to excellent credit (FICO score 670 and higher) to qualify for a competitive rewards card. Premium travel cards might require an excellent credit score (FICO score of 800 and above). You can also find rewards cards for people with fair credit, but the rewards and perks might be limited.
Learn more about rewards credit cards
How we choose the best rewards credit cards
We thoroughly rate and research the best rewards credit cards based on key criteria to help you make confident decisions when choosing your next credit card. Learn more about our methodology below.
We select cards for the “Best rewards credit cards” page based primarily on how they score in our proprietary card rating system, our editors’ subjective assessment of card quality, card approval odds and credit requirements and unique card features.
Cards typically must score a minimum of 3.0 stars to be included on this list. However, we may include cards with scores below 3.0 if they have low credit requirements or unique features — despite their scores, these cards may still be among the “best” in certain categories. Card ratings are not influenced by advertisers or issuer relationships in any way.
Card selection and ordering may also vary based on business considerations, including Bankrate visitor interest, site interactions and card application volume. Affiliate commissions (see how we make money), limited-time offers and a card’s general popularity in the product landscape may also influence which cards we feature on our pages and the order in which they appear. Bankrate’s editorial and business teams also strive to feature a variety of card types from various issuers.
When evaluating the best rewards cards, we consider a mix of factors, including how cards score in our proprietary card rating system and whether cards offer features that fit the priorities of a diverse group of cardholders, from earning rewards in popular categories to scoring a large sign-up bonus or high-value perks. Whenever possible, we also feature cards that are available at various credit levels and price points.
We analyzed over 150 of the most popular cards and scored each based on its rewards rate, estimated annual earnings, welcome bonus value, APR, fees, perks and more to determine whether it belonged in this month’s roundup of the best rewards cards.
Here’s a quick breakdown of the key factors in our rewards card scoring methodology and details we considered when putting together our list of the best rewards cards.
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Value 65%
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Flexibility 15%
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Perks 15%
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Customer experience 5%
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The primary criteria for a rewards-earning card’s rating is its rewards value. This includes the card’s average rewards rate, estimated annual rewards earnings, sign-up bonus value and reward redemption value.
To estimate a card’s average annual rewards earnings, we first calculate its average rewards rate based on how much it earns in different bonus categories and how closely its categories align with the average person’s spending habits.
The most recent BLS data estimates average total spending in 2023 was $77,280 per consumer. We then narrow our focus to which purchases are likely to be put on a credit card and earn rewards, subtracting expenditures like housing, vehicle purchases and education. This gives us a total “chargeable” annual spend of around $22,500.
Some of the major spending categories that contribute towards the annual spend include:
- Groceries: $6,000
- Dining out: $3,900
- Entertainment: $2,500
- Gas: $2,400
- Apparel and services: $2,000
Using this data, we assign a weighting to each of a card’s bonus categories. For example, a card’s grocery rewards rate receives a 26 percent weighting based on how much of the average person’s budget is spent on groceries. We also estimate the redemption value of points or miles from various issuer, airline and hotel rewards programs.
This weighting and rewards valuation allows us to estimate a card’s average annual rewards earnings — how many points or miles you’d earn with a given card if your spending was about average and you used the card for all of your purchases — as well as what those points are worth. We also use point valuations to determine a card’s sign-up bonus value
With these calculations complete, we assign each card a score based on how its average rewards earnings, sign-up bonus value, rewards rate and redemption value stack up against other rewards cards.
The better these values, the higher its score will be, making it more worthy of inclusion in our list and increasing its potential ranking.
Here’s a deeper look at the factors considered as part of a rewards card’s “Value” rating:
5Rating: 5 stars out of 5Overall Score-
Ongoing rewards value 30%
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Sign-up bonus value 25%
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Annual fee & average APR 20%
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Rewards rate 15%
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Annual bonus value 10%
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We also score cards based on how much it costs to keep them in your wallet or carry a balance.
To start, each card is scored based on whether it offers an intro APR and how its ongoing APR compares to the rates available on other rewards cards. However, the latter rating only has a slight influence on the card’s score and whether the card is included in our list, since rewards card users generally try to avoid carrying a balance.
More important to both a card’s score and its inclusion in our list is how its annual fee influences its overall value. We consider a card’s annual fee in two ways — how it ranks relative to the fees you’ll find on other cards in the category and how it impacts a card’s overall rewards value.
Cards with an annual fee will always be at a slight disadvantage in our scoring system since annual fees inherently cut into your rewards value. However, if a card offers terrific value via its ongoing rewards and perks, it can earn a high score and a spot in our list even if it carries a high annual fee. After all, the highest rewards rates and most valuable perks are often found on cards with annual fees.
With this in mind, we rate a card based primarily on how its ongoing rewards value and ongoing perk value (such as annual credits or bonuses) stack up against those of other cards in the category when you subtract annual fees.
That said, we strive to include as many no-annual-fee options in our list as possible since many people would rather not worry about offsetting fees, even if a card carries impressive rewards and perks.
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Rewards cards may make it easy to earn a lot of points, miles or cash back, but how easy is it to use those rewards? After all, if it takes a ton of effort to redeem rewards or you can only redeem rewards in a couple of ways, a card may be more trouble than it’s worth.
As such, we rate each card’s flexibility based on the restrictions it imposes on earning and redeeming rewards. We factor this rating into a card’s overall score and consider it when deciding on a card’s inclusion in our list.
Flexibility factors include whether a card only allows you to earn a high rewards rate on only a small amount of spending or requires you to meet a certain earning threshold before you can redeem rewards. We also examine whether your points are worth less when you opt for some redemption options over others and whether a card gives you the flexibility to transfer rewards to travel partners.
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We also score each card’s set of features – its perks and benefits — against five tiers of features to provide a rating.
We break down these tiers as follows:
- Tier 1 includes fewer features than even standard credit cards (for example, an ultra-streamlined card that offers basic utility and next to nothing in the way of ancillary benefits).
- Tier 2 includes the benefits you’d expect on standard Visa or Mastercard credit cards, such as free access to your credit score, car rental insurance and $0 liability for fraudulent charges.
- Tier 3 includes “prime card” or better-than-average card features like cellphone insurance, lost luggage insurance, concierge services and purchase protection.
- Tier 4 includes luxury features such as airport lounge access, elite status with an airline or hotel and credits for expedited security screening membership programs.
- Tier 5 includes the sort of exemplary benefits you’ll find on top-tier luxury cards, such as high-value travel credits, cardholder memberships and other unique and valuable perks.
In evaluating the best cards, we tend to favor cards that offer at least Tier 3 benefits, unless they include other unique features that could make up for less-impressive perks.
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For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.