Many credit cards have great offers and perks to choose from. Deciding on the one with the best reward program can be difficult. However, that depends on your personal and business lifestyle. If you travel a lot, a credit card that offers the best airline miles and hotel rewards will suit you best. Nonetheless, here are five best reward credit cards based on consumer value.
Here is our picks for the Top 5 Reward Credit Cards
1. Chase Sapphire Preferred Cards.
With this card you earn 2X points on travel and dining. You also earn 1 point on every dollar you spend. They have great discount perks (up to 20%) for travel bookings done using the credit cards. Additionally, Chase Sapphire Preferred cards give bonus points for purchases that exceed $4,000 within the first 90 days of opening an account with them. Account opening is $0 within the first year but $ 95 after the first year despite these benefits, the card has a few draw back but still remains the best travel card in the market with its strong flexibility in points transfer and redemption. Their reward is currently the highest valued in the market.
2. Chase Freedom Card
Chase Freedom is the best reward credit card for giving bonuses. With this card you get 5% cash back on one rotating category. This benefit applies when you spend up to $1,500. Th card also gives $150 bonus for your purchases after spending $500 within the first 90 days of account opening. The rewards applies to your normal spending such as gas, commuter transportation, grocery stores, restaurant, and holiday shopping.
3. Capital One Venture Reward Credit Card
With a reward program valued at $1,061, Venture Reward Credit Card offers the best flat rate travel reward. For every purchase you make with the card, you earn 2 miles. It also comes with a one time bonus of 40,000 miles on condition that you spend $3,000 within the first 90 days of account opening.
4. Barclaycard Arrival Plus World Elite MasterCard
This card also offers the best flat rate travel reward. It comes with a one time bonus of 40,000 miles on condition that you spend $3,000 within the first 90 days of account opening. It is unique in the sense that one gets to earn 2X points on every purchase with a 5% miles return once the points have been redeemed.
5. Blue Cash Preferred Card for American Express
This card is best for everyday spending with its $150 cash back for purchases worth $1,000 within the first 3 months of opening an account. There is also a 5% cash back of groceries worth $6,000 per year
Feel free to drop us a line if you have any questions on picking the best rewards card for you.