Best Reward Cards

A good credit card should tick several boxes. It should be secure, offering fraud protection and complete peace of mind; it should offer a line of credit that the owner needs and an APR they can afford; and it should have a program that rewards customer loyalty.

Reward programs are becoming increasingly common, with many customers prioritising them over available credit and rate of interest. And rightly so. You wouldn’t signup to a savings account without thoroughly studying all available interest rates and perks, and you shouldn’t signup to a credit card without making sure it has the best rewards program available to you.

With that in mind, these are the best reward credit cards and cashback credit cards on the market today. In our opinion, of course.

Chase Sapphire Preferred Reward Card

Best Cashback Credit Cards

We are not the only ones to highlight the Chase Sapphire Preferred card as one of the best reward cards on the market. It has caught the attentions of reviewers and customers alike over the last few years, and not without reason.

One of the biggest benefits of this card is that the rewards can be redeemed at many locations and on innumerable items. They aren’t tied to air miles or other specific items. You can still use them for those things, but you can also spend and redeem on many other things.

The Basics

  • No more plastic fantastic, this card is made out of metal. Well, it’s actually a combination of metal and plastic, but it feels unlike any other credit card you have used.
  • Annual fee of $95, but free for the first year.
  • 17.49% to 24.49% APR.
  • Big bonuses available throughout the membership period.

The Rewards and Bonuses

  • Earn 1 point for every dollar you spend on the card.
  • Earn twice as many points when you spend on travel and restaurants.
  • Point value roughly equates to $0.02 each.
  • Points can be redeemed on a huge number of items, including travel.
  • Get 5,000 bonus points when you signup and make a purchase.
  • Pickup an extra 50,000 bonus points if you spend $4,000 in the first three months of signing up.

Discover It Cashback Match Rewards Card

Reward Credit Cards

The Discover It Cashback Match card has a very welcoming offer to entice new members. There is an introductory offer of 0% APR on all purchases and balance transfers for 14 months. And even when that period ends, this card still has a very respectable APR, one that can go as low as 13.49%

It may not have the national appeal of the Chase Sapphire Card and it certainly doesn’t have that slick, metal aesthetic either, but make no mistake about it, this is a credit card worthy of its inclusion on this list of the best reward credit cards in the United States.

The Basics

  • Pay 0% on balance transfers and purchases for the first 14 months.
  • 13.49% to 24.49% APR when the introductory offer ends.
  • No annual fee.
  • You need to opt-in to get the bonuses, but there are may of these available.
  • Late payments incur a fee of $37.
  • There is an APR of 26.49% charged for cash advances.

The Rewards and Bonuses

  • Earn up to 5% cashback at a number of different locations each quarter.
  • Get unlimited 1% cashback the rest of the time on all purchases
  • Rewards never expire, so you can save and build at your leisure.
  • Rewards can be used at Amazon.com, a store that also falls under the occasional 5% quarterly cashback offers.

Blue Cash Preferred Card from American Express

Cashback Credit Cards

This is the perfect rewards credit card for busy families. If you spend what feels like an excessive amount of money on groceries, clothing and other household essentials every week then this could be the card you need to start getting a return on that spend. As with the Discover It rewards card the Blue Cash Preferred Card has an introductory offer, giving you 0% on purchases and balance transfers throughout your first 12 months.

This is a great rewards card overall, but it falls short in a few areas. It can be pretty unforgiving for customers with bad credit and customers who miss payments. There is also an annual fee, and once that introductory period ends there are transaction fee charges that will put many customers off.

The Basics

  • Annual fee of $95.
  • 14.49% to 25.49% APR.
  • 26.74% APR charged on all cash advances.
  • 29.99% penalty APR on returned payments and missed payments.
  • 3% charges for cash advances and balance transfers; 2.7% for foreign transactions.
  • A penalty fee of $38 is applied for late payments and returned payments, in addition to penalty APRs.

The Rewards and Bonuses

  • Pickup an impressive $200 worth of free credit when you spend $1,000 on purchases within your first three months of signing up.
  • Get 6% cashback on purchases at all US supermarkets, with a cap of $6,000 per year (maximum cashback of $360) after which it drops to 1%.
  • Get 3% cashback on gas and a select number of other purchases.
  • 1% cashback on all purchases that don’t fit in the above.

Capital One Savor Rewards Card

Capital One are one of the biggest financial companies in the US, one we discussed on our Auto Loan, Bad Credit Cards and Consolidation Loan guides. They made it onto this list courtesy of their Savor Cash Rewards Card, which offers you big returns on food purchases, whether you are buying for the home or you’re eating out.

The card has some great rates, there is no fee and there is a decent cashback rate paid on all purchases. However, if you don’t eat out a lot then this might not be for you, as that’s where the biggest cashback rewards are. This rewards card has an introductory offer providing new customers with 0% APR on all purchases and balance transfers for 9 months.

The Basics

  • 9 month introductory offer: 0% APR on purchases and transfers
  • 15.99% to 24.74% APR when the introductory offer ends.
  • No annual fee.
  • No fees for foreign transactions.

The Rewards and Bonuses

  • Get $150 when you spend $500 in your first three months.
  • Cashback bonuses do not expire.
  • Earn 3% on every dollar you spend at restaurants and 2% on groceries.
  • Earn 1% on all other purchases.
  • No high minimum requirements to redeem rewards.