dcsimg
Advertiser Disclosure
 
     
Please enter the text to be searched
As the COVID-19 pandemic continues to affect your life and finances, CardRatings will remain committed to providing timely information related to credit cards and personal finance topics via our coronavirus financial services resource page. Email editor@cardratings.com with specific questions.

Best credit cards for excellent credit of September 2020

Achieving excellent credit takes hard work. CardRatings editors reveal the best credit cards which reward those with excellent credit scores.
Jennifer Doss, CardRatings Editor Last Updated, September 25, 2020

Our credit card articles, reviews and ratings maintain strict editorial integrity; however we may be compensated when you click on or are approved for offers (terms apply) from our partners. How we make money.

Best credit cards for excellent credit Don't let your excellent – and hard-earned – credit score gather dust. Use it to cash in on the amazing perks and features only those with your level of credit receive with our tops picks for the best credit cards for excellent credit from our partners.

The reality is that your top score makes you a hot commodity for credit card issuers because you've shown you know how to handle credit and you are likely to be a low-risk cardholder, also known as a person who uses their card and pays off the balance. In other words, you're the golden goose of credit card customers and issuers are willing to throw their best features, perks and rewards your way in hopes of landing you as a cardholder. 

LIST OF WINNERS

There's nothing wrong with being wooed by highly-coveted rewards, perks and features. All those extras could ultimately save you money, and not just when it comes to the rewards. Cards for people with excellent credit often feature some "fine print" features like auto rental insurance or travel reimbursements or purchase protections that will save you money because you won't be buying those features separately.

The cards below reflect our picks for individuals with excellent credit and they range from offers of travel rewards to cash back to low interest; there are even options for business credit cards, which often feature some of the best bonuses on the market.

BEST CASH-BACK CREDIT CARDS FOR HIGH CREDIT SCORES

5
About Our Ratings

Why We Like It: First, you get your rewards as straight cash back: You don't have to redeem miles for travel or route them through particular investment accounts. And, secondly, this card rewards you for paying off your balance – something we always support.  Citi is a CardRatings advertiser.

The Bonus: The cash back applies whether you pay down your balance for your purchases all at once or over a number of months or years.

The Annual Fee: $0

The Rewards: You earn 1% back per $1 spent on every purchase, then earn another 1% back when you pay your balance (you must pay the minimum amount due on time to earn cash back). That brings your total cash back opportunity to 2% on every purchase with no caps or categories to think about. 

PROS:

  • The 2% cash back earning (after purchases have been paid) for all purchases is excellent for a no-annual-fee card.
  • This card is currently offering an intro 0% balance transfer APR, allowing you the flexibility to transfer a balance and save on interest. After the intro APR period, 13.99% – 23.99% (Variable) will apply.
  • With the ability to earn 1% cash back when you make a purchase and an additional 1% when you pay for your purchase, the Double Cash Card incentivizes good credit behavior with great rewards.

CONS:

  • The intro 0% balance transfer APR offer is one of the best on the market, however this offer does not apply to new purchases, so if you are looking for an intro offer for new purchases this may not be the card for you.
  • This card charges foreign transaction fees, which you should keep in mind if you are planning to use it internationally.

Read our full Citi® Double Cash Card - 18 month BT offer review.

5
About Our Ratings

Why We Like It: With this card you'll earn unlimited 1.5% cash back on all non-bonus category purchases, which is a step up from what you'll earn on "other" purchases from most no-annual-fee credit cards. Plus, new cardholders earn 5% cash back on up to $12,000 spent at grocery stores (excluding Target and Walmart) in your first year. If you don't mind strategizing with your cards, this card has no annual fee so it's a great one to work into your rewards-earning strategy to help you optimize the amount of cash-back you earn.

The Bonus: Enjoy a $200 cash-back bonus once spending $500 within the first three months of opening an account, plus introductory 0% APR on purchases for the first 15 months (then 14.99% - 23.74% Variable).

The Annual fee: $0

The Rewards: Earn 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining at restaurants and on drugstore purchases, and 1.5% on all other purchases. Plus, earn 5% cash back on up to $12,000 spent at grocery stores (excluding Target and Walmart) in your first year of card membership.

PROS:

  • If you have a large purchase to make and need some extra time to pay it off, you're sure to love the intro 0% APR offer that comes with this card. (Regular 14.99% - 23.74% Variable APR applies after the intro period.)
  • Because this card has no annual fee, it's great for both those looking to amp up their rewards-earning strategy with a solid "everyday" card, as well as for those who just want something simple to use without worrying about any extra costs.
  • The new card member bonus is a good offer for a no-annual-fee card.

CONS:

  • Even though there is no annual fee this card does charge for foreign transaction fees so it’s not the best card to travel abroad with.
  • The 1.5% rate for all non-bonus category purchases is solid, but to make the most of this card, you might need to strategize a bit.

Read our full Chase Freedom Unlimited® review.

5
About Our Ratings

Why We Like It: This is a unique rotating-category/tiered-rewards card hybrid, meaning it offers a ton of point-earning potential. Not only can you earn up to 5% cash back each month in rotating categories, but there are a number of static bonus categories as well that you can earn bonus rewards in all year long. If you're okay with being strategic with your card use, you stand to earn a lot of rewards with this card.

The Bonus: Earn a $200 bonus after you spend $500 in the first three months. Plus, earn 5% cash back on grocery store purchases (excluding Target and Walmart) for the first $12,000 spent during your first year as a cardholder.

The Annual fee: $0

The Rewards: Earn 5% back on up to $1,500 in purchases in quarterly bonus categories when you sign up (then 1%). Additionally, earn 5% cash back on travel purchased through the Chase Ultimate Rewards® portal, 3% at restaurants and on drugstore purchases, and 1% on all other eligible purchases.

PROS:

  • Enjoy intro 0% APR on new purchases for 15 months (then 14.99% - 23.74% Variable).
  • Take advantage of up to $1,000 a year in cell phone insurance when paying your monthly cell phone bill with your Flex℠ card.
  • Complimentary ShopRunner membership for free two-day shipping from more than a hundred online retailers and complimentary three-month DoorDash DashPass, followed by a 50% discount for the following nine months.

CONS:

  • This isn't a great card to travel internationally with as it charges foreign transaction fees.
  • Although it earns 5% back on Chase Ultimate Rewards® travel purchases, this isn't really a travel card. That's a nice perk, but keep in mind, you won't earn bonus rewards on travel purchases outside this portal.

Read our full Chase Freedom Flex℠ review.

4
About Our Ratings

Why We Like It: This card is the king of cash back. Providing your personal spending patterns align with the card's rewards program, don't worry about its $95 annual fee, you can make that back – and plenty more – if you use the card regularly. American Express is a CardRatings advertiser.

The Bonus: Earn $250 cash back after you spend $1,000 in the first three months.

The Annual fee: $95

The Rewards: The card offers 6% cash back on purchases made at U.S. supermarkets (on up to $6,000 spent annually, then 1%) and on select U.S. streaming subscriptions; 3% cash back on purchases made at U.S. gas stations and on transit including trainand bus fares, rideshares, parking, tolls and more; and 1% cash back on other purchases.

PROS:

  • The new cardmember bonus of $250 statement credit earned after you spend $1,000 in the first three months of card membership is solid.
  • The everyday rewards earning with this card is great. The card allows you to earn 6% cash back for every $1 spent at U.S. supermarkets (up to $6,000 spent annually, then 1%) and on select U.S. streaming subscriptions; earn 3% back at U.S. gas stations and on transit like parking, tolls, taxis, bus fares and more; and earn 1% back on all your other purchases.
  • This card is currently offering intro 0% APR for 12 months on new purchases (then 13.99%-23.99% Variable).

CONS:

  • One downside to this card is that it is an American Express card, which still isn’t as widely accepted as cards issued by Visa or Mastercard.
  • The card does charge foreign transaction fees and has a $95 annual fee.
  • There is a minimum redemption amount of $25 with the card, which eliminates some of the smaller redemption options available with some other cards.

Read our full Blue Cash Preferred® Card from American Express review.

5
About Our Ratings

Why We Like It: If you like the sound of the Blue Cash Preferred® Card but aren't interested in a card with an annual fee, this might be your fit. This card offers many similar benefits, but there's no annual fee to worry about.

The Bonus: Earn a $150 statement credit after you spend $1,000 within the first three months of opening your account.

The Annual Fee: $0

The Rewards: Earn 3% back on up to $6,000 in purchases at U.S. supermarkets annually (then, 1%); earn 2% cash back at U.S. gas stations and at select U.S. department stores; earn 1% on your other purchases.

PROS:

  • Most of us shop at U.S. supermarkets every week. If that's you, this card makes good sense to carry as it has no annual fee and earns bonus rewards on these purchases.
  • Enjoy introductory 0% APR on purchases for 15 months (then, 13.99% - 23.99% Variable).
  • A $150 statement credit once spending $1,000 on purchases within the first three months puts card membership off to a nice start.

CONS:

  • If you spend enough to offset the annual fee, you might benefit better with the Blue Cash Preferred® Card.
  • This is not a card you'll want to take with you when traveling abroad as it charges fees on foreign transactions.

Read our full Blue Cash Everyday® Card from American Express review.

5
About Our Ratings

Why We Like It: Sometimes simplicity is the greatest reward of all when it comes to rewards credit cards. This card offers unlimited 1.5% cash back on every purchase, every day, making it a great option for anyone who doesn't want to worry about categories or spending caps.

The Bonus: Earn a one-time $150 cash-back bonus after you spend $500 on purchases with in the first three months of account opening. Plus, take advantage of an introductory 0% APR for 15 months on purchases (then, 15.49% - 25.49% (Variable)).

The Annual fee: $0

The Rewards:  Earn 1.5% cash back on every purchase with no caps or categories to worry about.

PROS:

  • The 1.5% cash back earned on every purchase is great for a no-annual-fee card.
  • There are no foreign transaction fees so you can use this card without worry while traveling abroad. This is rare for a no-annual-fee cash-back credit card.
  • This card has some of the best benefits on the market for a no-annual-fee card including a new cardmember bonus of $150 cash back earned after you spend $500 in the first three months from account opening.

CONS:

  • The straightforward cash back earning of 1.5% on every purchase is great for simple rewards, but there are cards on the market with higher rewards on specific categories that you could maximize your rewards earning with.
  • Paying no annual fee is great, but if you plan to use your card often, choosing an annual fee card that offers higher rewards might be worth it. With regular use, offsetting the fee shouldn't be too difficult.

Read our full review of the Capital One® Quicksilver® Cash Rewards Credit Card.

Wells Fargo Cash Wise Visa® card

(This card is not currently available on CardRatings)

5
About Our Ratings

Why We Like It: This card offers peace of mind and backs it up with cash rewards that will have you seeing green. With cell phone protection (up to $600 annually, with a $25 deductible) when you pay your bill on the card and free monthly FICO scores, your mind will be at ease while you use this card to earn money simply by spending money.

The Bonus: Receive a $150 cash rewards bonus when you use your new card to make $500 in purchases in the first three months. Plus, earn 1.8% cash back on your qualifying digital wallet purchases for the first 12 months.

The Annual fee: $0

The Rewards: The 1.5% cash back on every purchase is unlimited.

PROS:

  • One large benefit of this card is the bonus rewards earned for digital wallet purchases. Earning 1.8% cashback on these purchases in the first year of card membership is great for those that frequently use these methods for making purchases.
  • The cell phone protection plan that comes with the card of up to $600 against covered damage or theft when you pay your monthly bill your card is a great benefit.
  • The new cardmember bonus of $150 after making $500 in purchases in the first 3 months of card membership is great for a no-annual-fee card.

CONS:

  • Even though there is no annual fee this card does charge for foreign transaction fees so it’s not the best card to travel abroad with.
  • The additional bonus for purchases made with digital wallets in the first year is a nice offer, however the everyday rewards earned on non-digital wallet purchases of 1.5% is beaten by other cards on the market with higher rewards earning rates.

Read our full Wells Fargo Cash Wise Visa® card review.

Capital One® Savor® Cash Rewards Credit Card

(This card is not currently available on CardRatings)
5
About Our Ratings

Why We Like It: Dining out is already exciting on its own, but it's especially more so when you know you're earning cash back while doing it. The Capital One® Savor® Cash Rewards Credit Card doubles the fun (well, quadruples it actually) when dining out or enjoying a night on the town, with 4% earned on every dining and entertainment purchase made.

The Bonus: Earn a $300 welcome bonus once you spend $3,000 with the card within three months of opening an account.

The Annual fee: $95

The Rewards: Earn unlimited, 4% cash back on dining and entertainment purchases, 2% on grocery store purchases, and 1% on everything else.

PROS:

  • The rewards earning with the Savor® card is excellent for those that frequently dine out with 4% back on all your dining and entertainment purchases as well as 2% back at grocery stores. You'll earn 1% back on all your other purchases.
  • The current welcome offer of $300 bonus cash back after you spend $3,000 in the first three months is good.
  • With no foreign transaction fees, the Savor® card can be used without incurring additional fees while going on your next international foodie trip.

CONS:

  • The rewards earned with the card are quite high for certain purchases, however if you are not someone who frequently eats out there are cards with higher rewards earning on grocery purchases and other categories.
  • While the card has a $0 intro annual fee for the first year, there is a $95 annual fee after that.

Read our full Capital One® Savor® Cash Rewards Credit Card review.

Bank of America® Cash Rewards credit card

(This card is not currently available on CardRatings)

5
About Our Ratings

Why We Like It: We love options and this card rewards your excellent credit score with the best option of all: the ability to choose where you'll earn top cash back from among a list of six popular, everyday categories. What's better than 3% back on your purchases? The ability to decide where you earn that 3% back.

The Bonus: Earn a $200 online cash-back bonus after you spend $1,000 on purchases within the first 90 days.

The Annual Fee: $0

The Rewards: Earn 3% back in a category of your choosing from among this list: gas, travel, dining, online shopping, drugstores or home improvement/furnishings. Earn 2% back on your grocery store and wholesale club purchases (3% and 2% back apply to the first $2,500 spent quarter in combined choice category/grocery store/wholesale club purchases, then 1%) and 1% back on your other purchases.

If you're a Bank of America Preferred Rewards client, you can earn an additional 25%-75% more cash back on every purchases depending on your Preferred Rewards tier.

PROS:

  • With the flexibility to choose your preferred bonus category, you can really be sure to maximize your points earning based on your upcoming purchases.
  • The new cardmember bonus of $200 online cash rewards bonus after making at least $1,000 in purchases within the first 90 days is very good for a no-annual-fee card.
  • For Preferred Rewards clients at Bank of America, the Cash Rewards card allows you to earn 25%-75% more on every purchase depending on your Preferred Rewards tier (tiers are based on total account balances).

CONS:

  • The members that get the biggest return from the Cash Rewards card are usually the Bank of America Preferred Rewards clients, so if you are not currently a member there may be other cards could will provide better rewards earning for you.
  • The 3% rewards earning category can only be selected once per month, so if you have a sudden unexpected expense you may not be able to maximize your points earning if you have already selected the category for that month.
  • This card does have foreign transaction fees so it’s one you may want to leave at home when traveling internationally.

Read our full Bank of America® Cash Rewards credit card review.

U.S. Bank Cash+™ Visa Signature® Card

(This card is not currently available on CardRatings)

5
About Our Ratings

Why We Like It: Of all we've seen, this card is among the best credit card offers for excellent credit scores. With its cash back percentages and loads of choice for its cardholders, it's a winner for most customers no matter where you choose to spend your money.

The Bonus: Receive a $150 bonus after spending $500 in eligible net purchases within the first 90 days of account opening.

The Annual fee: $0*

The Rewards: Earn 5% cash back on your first $2,000 in combined purchases each quarter in two categories that you choose from a list of categories that include everything from department stores to cell phones to gas stations to gym memberships and more; earn 2% back on one everyday category of your choosing from the same list; and earn 1% on all your other purchases. 

PROS:

  • This card has great rewards earning potential with 5% cash back on the first $2,000 in combined purchases made each quarter in two categories that you choose from a list. The categories include department stores, cell phones, gas stations and more. Earn 2% back on one everyday category of your choosing from the same list, and earn 1% on all your other purchases.
  • The US Bank Cash+ card gives you flexibility in rewards redemption with the ability to deposit your cash rewards into your U.S. Bank account, receive a statement credit to your credit card account, or receive a Visa gift card.
  • The card comes with some useful travel perks like car rental collision damage waiver and roadside dispatch to help cover you in unforeseen circumstances.

CONS:

  • The minimum rewards redemption is $20, so if you are looking to make smaller redemptions this card may not be the right one for you.
  • While the rewards earning potential is good, if you prefer to have simple and straightforward earning the tiered system with this card can be a little complex.

Read our full U.S. Bank Cash+™ Visa Signature® Card review.

Discover it® Cash Back

(This card is not currently available on CardRatings)
5
About Our Ratings

Why We Like It:: This card offers plenty of opportunity rake in some serious cash back, especially given the match offered after your first year as a cardholder. Not bad for a card with no annual fee.

The Bonus: Discover will match all the cash back you earn during your first year as a cardholder. That means if you earn $200 cash back in your first year, that will become $400 after the match.

The Annual fee: See Terms

The Rewards: Earn 5% cash back in categories that rotate each quarter up to the quarterly maximum of $1,500 spent each time you activate. Plus, earn unlimited 1% cash back on all other purchases and once you reach the cap.

PROS:

  • One of the biggest benefits of the Discover it cash card is that Discover will match all the cash back new cardholders earn during their first year as a member.
  • The Discover it card earns 5% cashback on rotating quarterly categories and 1% on all other purchases, which is great for a no-annual-fee card.
  • Discover announces the quarterly earning categories at the beginning of the year, so for those that want to maximize points earning you can plan ahead.

CONS:

  • If you prefer to not plan in order to maximize the rewards on your purchases, this card may not be for you. With rotating quarterly categories of bonus spend, this card can take some work to maximize rewards earning.
  • The 1% cash back earned on non-bonus categories is low and there may be other cards on the market, depending on your spending habits, that help you to earn more rewards.

Read our full Discover it® Cash Back review.

BEST 0% APR/LOW INTEREST CREDIT CARDS FOR HIGH CREDIT SCORES

5
About Our Ratings

Why We Like It: This card gives you a year and a half of 0% intro APR on balance transfers and new purchases; at 18 months, this offer is hard to beat. After the intro periods expire, a regular APR of 14.74% - 24.74% Variable will apply.

The Bonus: There's no traditional bonus, but 18 months to pay off balances is a bonus in and of itself.

The Annual fee: $0

The Rewards:  This card doesn't offer traditional rewards. Again, its main selling point is its generous intro 0% APR period, and its potentially low ongoing APR.

PROS:

  • We can't say it enough: 18 months of intro 0% APR is a very solid offer. If you have some large expenses on the horizon, or you have balances on other cards you need to pay off, and need some more time to make that happen, this card could be a great fit for you.
  • This card doesn't charge annual fees so you can enjoy the intro 0% APR periods without worrying about paying anything extra while you do so.
  • Enjoy pre-sale tickets and VIP packages to concerts, entertainment and sporting events through Citi Entertainment®.

CONS:

  • There is no welcome bonus for new cardholders.
  • There are no traditional ongoing rewards offered with this card.
  • This card charges foreign transaction fees so it's probably not the best fit for overseas travel.

Read our full Citi® Diamond Preferred® Card review.

5
About Our Ratings

Why We Like It: With its comparatively low 10.25% variable APR, no annual fee and no balance transfer fees, plus the opportunity to earn rewards, this card is truly geared toward the person who wants a little bit of everything in their credit card.

The Bonus: The "bonus" here is really the ultra-low APR that could save you big bucks in interest charges if you find yourself needing to carry a balance for a few months.

The Annual fee: None

The Rewards:  Cardholders who sign up will earn 1.25 points per $1 spent that can be redeemed for a variety of travel rewards.

PROS:

  • With its comparatively low 10.25% variable APR, the Simmons Rewards Visa signature card has one of the lowest rates available on the market today.
  • With no annual fee, the card can be used without having to budget for the expense of just owning the card.
  • No balance transfer fee for balances transferred.

CONS:

  • There is no welcome bonus for new cardholders.
  • This card charges an annual fee so it’s not best for international travel.

Read our full Simmons Rewards Visa Signature® review.

5
About Our Ratings

Why We Like It: This card offers a lengthy 0% APR period on purchases, the chance to rack up cash-back rewards AND doesn't charge an annual fee or foreign transaction fees.

The Bonus: Earn a one-time $150 cash-back bonus after you spend $500 on purchases with in the first three months of account opening. Plus, take advantage of an introductory 0% APR for 15 months on purchases (then, 15.49% - 25.49% (Variable)).

The Annual fee: $0

The Rewards:  Earn 1.5% cash back on every purchase with no caps or categories to worry about.

PROS:

  • The QuickSilver card allows you to earn unlimited 1.5% cash back on all purchases made, with no rotating categories or spending caps to worry about.
  • New cardholders can enjoy a bonus of $150 cash back earned after spending $500 in the first three months from account opening.
  • There is a current intro offer of 0% APR for 15 months on new purchases. Once the intro period expires, a rate of 15.49% - 25.49% (Variable) will apply.

CONS:

  • The straightforward cash back earning of 1.5% on every purchase is great for simple rewards, but there are cards on the market with higher rewards on specific categories that you could maximize your rewards earning with.
  • Paying no annual fee is great, but if you plan to use your card often, choosing an annual fee card that offers higher rewards might be worth it. With regular use, offsetting the fee shouldn't be too difficult.

Read our full review of the Capital One® Quicksilver® Cash Rewards Credit Card.

BEST TRAVEL CREDIT CARDS FOR HIGH CREDIT SCORES

5
About Our Ratings

Why We Like It: Your miles don't expire as long as the account is open and can be applied to flights, hotel stays, car rentals, cruises and more. The card comes with no foreign transaction fees when making purchases outside of the United States AND this card offers an application fee refund of up to $100 for your Global Entry or TSA Pre✓™ application, a perk normally reserved for credit cards with much higher annual fees.

The Bonus: Receive 100,000 miles (equal to $1,000 in travel) after you spend $20,000 on purchases within the first 12 months after your account is opened. Or, you can earn 50,000 bonus miles after spending $3,000 within your first 3 months of cardmembership.

The Rewards: Earn two times the miles per $1 spent on every purchase without a cap or category to consider. 

And another thing, you can fly any airline, stay at any hotel, anytime and not have to worry about blackout dates. Plus, you can transfer your miles to numerous leading travel loyalty programs.

The Annual Fee: $95

PROS:

  • Enjoy up to a $100 application fee credit to cover Global Entry or Pre✓™ membership.
  • This card does not have foreign transaction fees so it’s great to use on your next trip abroad.
  • With the ability to earn unlimited 2x miles on every purchase, the travel rewards with the Venture card are as straightforward as it gets.
  • The ability to use the Purchase Eraser feature is incredibly valuable. After making a qualifying travel purchase, simply redeem your miles as a statement credit against that purchase.

CONS:

  • Earning 2X miles on every purchase is certainly easy to understand, however there are alternative travel rewards cards on the market that have higher points earning potential.
  • The current partner airlines with the Venture® card are not the most common or frequently used for rewards travel so transferring points may not provide as much value as other card programs.
  • The annual fee is $95, so you'll need to be sure you can cover it with the rewards and benefits.

Read our full Capital One® Venture® Rewards Credit Card review.

5
About Our Ratings

Why We Like It: There's a lot of value here even with an above-average annual fee. Consider, for instance, that cardholders receive up to $100 in statement credit annually to cover incidentals such as baggage fees on a pre-selected airline.

The Bonus: Earn 35,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first three months. You can also earn up to $10 total in statement credits monthly when you pay with The Gold Card at Grubhub, Seamless, The Cheesecake Factory, Boxed, Ruth's Chris Steak House and participating Shake Shack locations. This is an annual savings of up to $120. Enrollment required.

The Annual Fee: $250

The Rewards: Earn 4X Membership Rewards® points for charges at restaurants worldwide and 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 in purchases each year, then 1X). Earn 3X Membership Rewards® points on flights booked directly with airlines or via amextravel.com and 1x points on all your other purchases.

PROS:

  • One of the biggest benefits of this card is the points earning potential, especially on dining out. The Gold card earns 4X Membership Rewards® points for charges at restaurants worldwide and 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 in purchases each year, then 1X). Earn 3X Membership Rewards® points on flights booked directly with airlines or via amextravel.com and 1x points on all your other purchases.
  • As a travel rewards card, the Gold card has some excellent travel benefits including a $100 in airline statement credit annually to cover incidentals such as baggage fees on a pre-selected airline.
  • The new cardmember bonus of 35,000 Membership Rewards points earned after you spend $4,000 on eligible purchases with your new card within the first three months can get you well on your way to your next points redemption.

CONS:

  • This is a charge card, so you'll be expected to pay your balance in full each billing cycle and you won’t be able to carry a balance like a credit card.
  • The annual fee is relatively high, especially for those who won’t be able to take advantage of the travel and dining benefits to help offset the fee.
  • The overall rewards earning with the Gold card is good, however the travel rewards earning being higher only on specific travel purchases made through American Express can be a bit of a barrier compared to other travel rewards cards that offer higher points earning on most travel purchases.

Read our full review of the American Express® Gold Card.

5
About Our Ratings

Why We Like It: This is the only card that we know of that automatically rounds up to the nearest 10 points on every purchase - with no cap. It awards two points for every dollar spent at supermarkets and gas stations (up to $6,000 in purchases each year) and one point for every dollar spent on all other eligible purchases. So say you buy a $3 cup of coffee you'll get 10 points instead of three. Spend $41 at the supermarket and get 90 points instead of 82. This allows you to rack up points quick.

The Bonus: Earn 15,000 bonus points after you spend $1,000 in purchases with your card within three months of account opening; redeemable for $150 in gift cards at thankyou.com.

The Rewards: Earn 2X ThankYou® Points at supermarkets and gas stations for the first $6,000 per year and then 1X point thereafter. Plus, earn 1X Points on all other purchases.

The Annual Fee: $0

PROS:

  • This card automatically rounds your points up to the nearest 10 points on every purchase, with no caps.
  • Points can be redeemed in a number of ways, including for travel, gift cards and merchandise.
  • There is no annual fee to have to worry about offsetting.

CONS:

  • The introductory offer of 15,000 bonus points isn't eye-popping, though it is easily attainable by making just $1,000 in qualifying purchases over the first 90 days you have the card.
  • Even with the "Rounding Up" program, the top tier of two points for every dollar spent at supermarkets and gas stations isn't as enticing as programs offered by other rewards cards. You should also be aware that there is a cap of $6,000 per year on the two points you can earn through spending at supermarkets and gas stations. After $6,000, it’s one point earned per dollar spent.
  • One drawback on points redemption is that there are a limited number of travel partners that will accept the transfer of ThankYou® points on a 1:1 basis compared to other Citi Rewards cards.

Read our full Citi Rewards+ Card review.

Chase Sapphire Preferred® Card

(This card is not currently available on CardRatings)

5
About Our Ratings

Why We Like It: Chase Ultimate Rewards® points are transferable to many frequent flyer and hotel loyalty programs, so you aren't tied down to a single brand with this card.

The Bonus: Earn 80,000 Chase Ultimate Rewards® points after spending $4,000 in the first three months. That's worth $1,000 in travel.

The Rewards: Earn two times the points on travel and dining at restaurants and one point on everything else. Plus earn five points on Lyft rides through March 2022. That's three points in addition to the two points you already earn on travel. Chase Ultimate Rewards® points are transferable to numerous frequent flyer and hotel loyalty programs.

The Annual Fee: $95

The information related to this credit card has been collected by CardRatings and has not been reviewed or provided by the issuer of this card.

PROS:

  • The new cardmember 80,000 point bonus offer after $4,000 spent in three months of membership is an extremely valuable bonus offer.
  • As an Ultimate Rewards earning card, the points earned with the Sapphire Preferred can be combined into a single pot and redeemed, potentially, at a higher value.
  • The points earned with this card are worth 25% more when redeemed for travel through the Chase Ultimate Rewards® travel portal, meaning the bonus alone is worth $1,000 in travel.

CONS:

  • The annual fee is something to keep in mind if you prefer a no annual fee card.
  • No introductory 0% APR balance transfer or purchase offer.
  • If you are not a frequent traveler there are other cards on the market with higher points earning potential.

Read our full Chase Sapphire Preferred® Card review.

5
About Our Ratings

Why We Like It: As we mentioned above, Ultimate Rewards® points are valuable and flexible. This card takes what you love about the Chase Sapphire Preferred® Card and gives it a luxury polish. Sure, the annual fee is higher than typical, but your perks and features are tops and you have the chance to seriously offset that fee if you use your card regularly.

The Bonus: You'll earn 50,000 Chase Ultimate Rewards® points after spending $4,000 in the first three months; in this case, however, those points are worth up to $750 in travel since Chase Sapphire Reserve® cardholders receive 50% more value when redeeming points through Ultimate Rewards®.

Annual fee: $550

The Rewards: Earn three times the points on dining at restaurants and on travel that isn't eligible for the annual travel reimbursement (more on that below) and one point on everything else. Remember that Chase Ultimate Rewards® points are transferable to multiple frequent flyer and hotel loyalty programs, plus they're worth 50% more when redeemed through the Chase travel portal for cardholders.

Additional Features: Cardholders are eligible for up to $300 each account anniversary year in statement credit reimbursements to cover travel costs. Plus, you'll enjoy complimentary airport lounge access and a credit for your Global Entry application fee. That's just scratching the surface of the perks you'll have access to with this card.

PROS:

  • This card has some of the best travel benefits on the market including up to $300 in statement credits to cover travel purchases made each account anniversary year.
  • The rewards earning rates with this card are quite good with three points earned per $1 spent on dining and on travel that isn't eligible for the annual $300 travel statement credit reimbursement and one point per $1 spent on all other purchases.
  • With no foreign transaction fees, this card will be a welcome companion on your next international trip.

CONS:

  • The annual fee is quite high.
  • Not everyone will be able to use travel benefits and statement credits, so if you are not a frequent traveler this may not be the right card for you.
  • The fee for authorized users is also a bit high at $75 per additional user.

Read our full Chase Sapphire Reserve® review.

The Platinum Card® from American Express

(This card is not currently available on CardRatings)
5
About Our Ratings

Why We Like It: Though the fee for this card doesn't come cheap, it offers a lot of bang for your buck. For example: earn 60,000 Membership Rewards® points for new cardholders who make $5,000 in purchases in the first three months; a $200 airline fee credit, up to $200 per calendar year in baggage fees and more at one qualifying airline; up to $100 in statement credits annually for purchases at Saks Fifth Avenue (enrollment required); complimentary benefits with an average total value of $550 with Fine Hotels & Resorts; access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world; and more.

The Bonus: Earn 60,000 Membership Rewards® points after you use your new card to make $5,000 in purchases in your first three months.

The Annual fee: $550

The Rewards: 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel; 5X Membership Rewards® points on prepaid hotels booked on amextravel.com; and 1X point per dollar spent on all other purchases.

PROS:

  • The point earning with the this card is one of the highest on the market with 5X Membership Rewards points earned on flights booked directly with airlines or with Amex Travel.
  • As a luxury travel rewards credit card, it should come as no surprise that the Amex Platinum has some of the best travel benefits on the market including a $200 annual airline fee credit.
  • The Membership Rewards points earned with the Platinum Card® are extremely valuable and the new cardmember bonus of 60,000 Membership Rewards points earned after spending $5,000 in the first three months can help to get you well on your way to your next redemption.

CONS:

  • If you are someone that prefers to have low or no annual fee cards the Amex Platinum may be a poor fit for you.
  • As a charge card, the Amex Platinum is not a card that you can carry a balance on. If you are looking to carry a balance from month to month this probably isn’t the card for you.
  • As the card’s features and benefits are heavily skewed towards travel, if you are not a person who frequently travels then it may be difficult to justify the annual fee without taking advantage of the perks.

Read our full The Platinum Card® from American Express review.

American Express® Green Card

(This card is not currently available on CardRatings)
5
About Our Ratings

Why We Like It: You've worked hard to earn an excellent credit score. Rightfully, you should be rewarded for it. In addition to no foreign transaction fees, the American Express® Green Card is great for travel as it offers a number of solid travel benefits, including: an annual $100 CLEAR®, an expedited airport security program, credit; and an annual $100 LoungeBuddy, an airport lounge access program, credit.

The Bonus: Earn 30,000 Membership Rewards® points when you spend at least $2,000 in the first three months of opening an account.

Annual Fee: $150

The Rewards: Earn 3X Membership Rewards® points on travel and transit and on restaurant purchases worldwide, and 1X Membership Rewards® point on all other purchases.

PROS:

  • This card is currently offering an excellent new cardmember bonus of 30,000 Membership Rewards points earned when you spend at least $2,000 in the first three months of opening an account.
  • One feature that is great about the Green card is it’s everyday rewards earning potential. You can earn 3X Membership Rewards® points on travel and transit and on restaurant purchases worldwide, and 1X Membership Rewards® point on all other purchases.
  • The Green card has many great travel perks including an annual $100 in statement credits on the LoungeBuddy website or LoungeBuddy app for you to enjoy a relaxing airport lounge on your next trip.

CONS:

  • The annual fee may be a bit too high for those who prefer no annual fee cards or won’t be able to take advantage of the card's fee-offsetting benefits.
  • The Green card is primarily featured as a travel rewards credit card, so if you do not frequently travel or dine out regularly there may be cards that are a better fit for you.

Read our full American Express® Green Card review.

BEST BUSINESS CREDIT CARDS FOR HIGH HIGH CREDIT SCORES

5
About Our Ratings

Why We Like It: Chase Ultimate Rewards® points are flexible, valuable and combine-able, making them especially attractive to business owners. With this card, you can rack up those points with your business' everyday purchases and then combine them with Ultimate Rewards® points you earn through other cards on the system – even your personal cards. Additionally, if you pay your cellular bill with the card, the primary line as well as all phone listed on that account will receive cell phone insurance against covered damage and theft (terms and deductibles apply).

The Bonus: Earn 100,000 bonus points, worth $1,250 in travel when you redeem through the Ultimate Rewards® portal, after spending $15,000 on purchases within the first three months of opening your account. On an ongoing basis, Ultimate Rewards® points are worth 25 % more when you redeem them for travel through Chase Ultimate Rewards®.

The Annual fee: $95

The Rewards:  Cardholders earn three points per $1 spent on the first $150,000 in combined spending each year on travel; shipping costs; Internet, cable, and phone services; and advertising purchases made with social media sites and search engines. You also earn one point per $1 spent on all your other purchases as well as on your bonus purchases after hitting that $150,000 cap annually.

PROS:

  • The welcome bonus of 100,000 bonus points after spending $15,000 on purchases within the first three months of opening an account is one of the highest on the market. That bonus is worth a whopping $1,250 when redeemed for travel through the Ultimate Rewards® portal.
  • At $150,000, the cap on rewards earning spend on bonus categories is quite high so depending on your businesses’ spending habits this card can help you to continue earning bonus rewards as your spending grows.
  • The rewards earning of three points per $1 spent on up to $150,000 combined spending annually on travel expenses; shipping costs; Internet, cable, and phone services; and advertising purchases made with social media sites and search engines is very good. All other spending earns one point per $1.

CONS:

  • While the $150,000 cap on purchases in bonus categories is quite high for many, if your business may exceed that amount of spend in those categories you may want to look for a card that has a higher limit of bonus rewards earning.
  • There is an annual fee of $95, so if you are looking to keep your business expenses low there may be alternative small business cards on the market that could be a better fit.
  • If your business has varied spend in many different categories that are not covered by the Ink Preferred, a flat rate rewards earning card may be a better fit for your business as this card is geared towards specific kinds of purchases.

Read our full Ink Business Preferred® Credit Card review.

 

EDITOR'S NOTE

This card pairs quite well with other cards in the Chase Ink family, including the Ink Business Cash℠ Credit Card  and the Ink Business Unlimited℠ Credit Card (below). Neither of these cards charges an annual fee, but both offer the opportunity to rack up higher amounts of Chase Ultimate Rewards® points in certain categories. The savvy credit card user will carry all three cards, use whichever one earns the most rewards for a given purchase and then combine all those rewards under your Ink Business Preferred® Credit Card through which you'll receive 25% more value for those rewards when you redeem through Chase Ultimate Rewards®.


5
About Our Ratings

Why We Like It: This is the no-annual-fee version of the card above. Yes, your bonus opportunity and ongoing rewards rate are a bit lower, but you don’t have to worry about offsetting an annual fee.

The Bonus: Earn $500 bonus cash back after you spend $3,000 on purchases in the first three months from account opening. Plus enjoy 0% introductory APR for 12 months on purchases (then 13.24% - 19.24% Variable).

The Annual fee: $0

The Rewards: Earn 1.5% cash back on every purchase, with no caps or spending categories to worry about.

PROS:

  • The current cash back offer for new cardholders of $500 cash back earned after spending $3,000 in the first three months of card membership is great.
  • With 1.5% cash back earned on all purchases, you do not have to think about when and where you’re earning on purchases. You’ll automatically earn every time you swipe your card.
  • If your business needs to make some initial purchase, the 0% intro APR on purchases for 12 months (then 13.24% - 19.24% Variable) is a great perk to help you get the supplies or equipment you need.

CONS:

  • For businesses with specific spend to particular retailers or categories, there may be other cards on the market that can help earn higher rewards than the flat-rate earning of this card.
  • If you will have extremely high spend, especially in particular categories, a card with an annual fee and bonus categories that align with that spend may worth it.
  • This card charges fees on foreign transactions, so you may want to leave it at home on your next trip abroad.

Read our full Ink Business Unlimited℠ Credit Card review.

5
About Our Ratings

Why We Like It: This no-annual-fee card offers the opportunity to rack up some serious rewards for your business AND features an introductory 0% APR period on purchases so you can make that purchase that will help get your business off the ground or launch it into its next phase (after the intro period, the APR becomes 13.24% - 19.24% Variable).

The Bonus: Earn up to $300 back to boost your business. You can earn up to $100 in the form of statement credits at each of the following merchants: Dell Technologies, DocuSign or FedEx after you make an eligible purchase on your new card within the first three months of card membership. Plus you can take advantage of an introductory 12 months no interest on purchases (then, 13.24% - 19.24% Variable).

The Annual Fee: No annual fee

The Rewards: Earn 2% cash back on the first $50,000 you spend each year. After hitting the spending cap, you earn 1% cash back on your purchases. Your cash-back rewards will be automatically credited to your statement.

PROS:

  • The Expanded Buying Power feature, which allows you to spend beyond your credit limit is a great feature of this card. It should be noted, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the card, your payment history, and credit record.
  • With 2% cash back earned on all eligible purchases up to $50,000 per calendar year, then 1% earned after that, this card is great for business owners who spend right at or beneath that amount.
  • This card is currently offering 0% intro APR on purchases for 12 months (then 13.24% - 19.24% Variable), so if you need to make a large business purchase, you have some extra time to pay it off.

CONS:

  • This card charges foreign transaction fees so it's not great for use overseas.
  • If your business spend exceeds the $50,000 annual amount, then there may be other cards on the market that can help to maximize your rewards earning on your business spend.

Read our full American Express Blue Business Cash™ Card review.

5
About Our Ratings

Why We Like It: If you consistently make purchases in the same categories, this card greatly rewards you for it with 4X Membership Rewards® points on the two select categories where your business spends the most each month.

The Bonus: Earn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the card within the first three months of opening an account.

The Annual Fee: $295

The Rewards: Earn 4X Membership Rewards® points on the two select categories where your business spends the most each month and 1X point on all other purchaess. The 4X point rate applies to the first $150,000 in combined purchases from the bonus categories each calendar year.

Additional Perks: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.

Credit Needed: Good, Excellent

PROS:

  • No foreign transaction fees.
  • This card offers a flexible payment option with interest to help manage cash flow on purchases of $100 or more.
  • Earn 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year. If you travel often, this is a really beneficial perk.

CONS:

  • Earning 4X points where you spend most is an excellent benefit if you steadily spend money on the same things, but if your expenses are all over the place, you may be better off with a card offering more flexibility.
  • The annual fee can easily be offset with the many benefits offered with this card, but it's still something to be taken into consideration.

Read our full American Express® Business Gold Card review.

WHAT ARE THE BEST CREDIT CARDS FOR EXCELLENT CREDIT?

This answer truly depends on what your expectations are from your credit card, but some of our favorite options include the Chase Freedom Unlimited® for cash back, the Citi® Diamond Preferred® Card for a long 0% intro APR period, and the Chase Sapphire Preferred® Card for travel rewards.

These cards all feature no, or a low annual fee, and plenty of perks to help keep you satisfied. Deciding which card if best for you though will depend on your spending habits and how you plan to use your card. For example, though the Citi® Diamond Preferred® Card is an excellent choice if you need an extended interest-free period to pay off a credit card balance or new purchases, it doesn't earn ongoing rewards, so it's not the best choice for someone wanting to rack up a ton of points on purchases. Opposite of this, the Chase Freedom Unlimited® card earns 1.5% cash back on all non-bonus category purchases, but it doesn't offer an interest-free balance transfer period. It does, however, offer an intro 0% APR period on new purchases. And then while the Chase Sapphire Preferred® Card might be great for those who love to eat out and travel with 2X points earned on these purchases, it's likely not the best choice for someone who rarely leaves home, especially considering the fact that the card carries an annual fee. The information related to the Chase Sapphire Preferred® Card has been collected by CardRatings and has not been reviewed or provided by the issuer of the card.

As you can see from these examples, while one card could be a perfect fit for one user, it might not do much for the next. It's important to do your research, and choose a card based on what works best for your spending habits, instead of just choosing the first card that sounds appealing to you.

HOW TO CHOOSE THE RIGHT CREDIT CARD

Having a stellar credit score doesn't make choosing the right credit card for you any easier. On the contrary, you probably have a wider selection from which to choose than someone with an average/fair credit score, so compiling your short list can be more time consuming. Here are some key points to remember:

  • Focus on what matters to you. If you always pay down your card balance in full each month, you never pay any interest, so you shouldn't worry about purchase APRs. If, on the other hand, you often carry forward card debt, you definitely want to focus on purchase APRs.
  • The right type of rewards. Earning miles, points or cash back can be a big deal, so make sure your new card maximizes earning opportunities for someone with your spending patterns. It should simultaneously let you redeem the sorts of rewards that fit your lifestyle.
  • The right rewards program. Some cards make you jump through hoops to maximize the rewards you earn; others make earning automatic. Pick the one you're going to get the most from.
  • Remember to protect yourself. If such things are important to you (and why wouldn't they be?), make sure the card you pick provides you with extended warranties, price and purchase protection, travel insurance, and more.
  • Be realistic about annual fees. Don't automatically reject a card just because it has an annual fee. Ask yourself whether the benefits it buys you are worth the cost.
  • On the other hand, don't apply for a credit card just because you can. Make sure you understand the level of financial responsibility you're ready to assume. Remember that having a credit card opens a lot of doors in terms of ease of use, security and, of course, rewards, but it also opens the door to temptation. You've worked hard for that high credit score; don't ruin it with a spending spree you can't afford even if an issuer is willing to approve you for one of these fantastic cards.

HOW CREDIT SCORES WORK

If you landed on this article, but you're a bit confused about what a credit score is and when it matter, we understand. There's a lot to keep up with when it comes to the topic. But here's the thing: your credit score will determine not only what credit cards you are most likely to be approved for, but also the interest rates on those cards as well as your likelihood of being approved for other types of loans and their interest rates as well.

Credit scores can even impact your insurance rates and, depending on your industry, whether a company decides to hire you. In other words, you need to understand the importance of credit scores and also have a good grasp of where yours stands (as well as how to improve it).

Your individual score is determined by a variety of factors including the length of your credit history, the number and types of credit accounts or loans you have, what percentage of your available credit you're using at any given moment (your credit utilization), the number of times a lender has looked at your credit recently (these are called credit inquiries and they generally happen when you apply for a new loan or credit card) and how consistent you are about paying your bills on time, every time.

Some of these things, like the length of your credit history, you can't do much about besides wait for time to pass. But most of the factors are under your control. You can certainly control whether you'r paying your bills on time, keeping your overall utilization low (under 30% is the suggested amount) and only applying for cards/loans you truly need so as to avoid unnecessary credit inquiries.

Don't have excellent credit? Don't give up on a credit card!

CardRatings.com recommends that you do not apply for credit cards that require excellent credit if you don't have excellent credit. If you apply for multiple cards and are denied repeatedly, these multiple credit card inquiries can end up lowering your credit. If you don’t know your credit score, sign up for a free credit score, credit report card, as well as a personal credit analysis with our preferred partner, Credit Sesame. And if your credit score isn't strong, fret not – there are cards suited for every credit tier. Click the links on below to find a card that matches your credit.

Explore offers for Excellent creditGood credit, Fair credit and/or Poor credit

To see the rates and fees for the American Express cards mentioned in this post, please visit the following links: Blue Cash Everyday® Card from American Express (See Rates and Fees); The Platinum Card® from American Express (See Rates and Fees); American Express® Business Gold Card (See Rates and Fees); American Express® Gold Card (See Rates and Fees); Blue Cash Preferred® Card from American Express (See Rates and Fees); American Express Blue Business Cash™ Card (See Rates and Fees); American Express® Green Card (See Rates and Fees)

Disclaimer: The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.

Comments
40 Comments

  1. THRIFTYMOM
    July 16, 2015 - 11:25 pm
    I have been using Citi Double Cash master card for more than 1 yr now. They are great. I use them everywhere (except Costco) from pumping gas to grocery store.
      Reply »  
  2. A. nonymouse
    July 14, 2015 - 11:29 pm
    Why aren't the interest rates for any of these cards listed? Everyone knows paying the balance within the grace period is the way to go but, in the event something goes awry... It seems that's not a factor in this article.
      Reply »  
    1. Amber Stubbs
      July 20, 2015 - 7:58 pm
      Since we cover several cards in this article, we want to focus on the key points of each card. So, for rewards cards we do not cover the interest rate because we would not recommend carrying a balance on most rewards cards. If you need to carry a balance your only focus should be finding the lowest rate since any rewards you earn will be more than offset by the interest.
        Reply »  
  3. Judith Mulenga
    July 13, 2015 - 12:56 am
    can someone evaluate Premier Rewards Gold Card from American Express card. I just received an offer from them. Though I hold a credit card from BOA and Capital one. And capital one has been great to me and helping me with my credit score. So what are the benefits of AMERIEXM?
      Reply »  
  4. MMeinert
    July 04, 2015 - 8:18 pm
    REPLY TO JLBiggs June 05, 2015 at 4:01 pm, USAA has the best deal of all mentioned.
    *****
    ARE YOU SURE? IN WHAT AREA? I WOULD LIKE TO USE IT IF THERE IS AN ADVANTAGE.
      Reply »  
  5. Jeffrey Fissel
    July 01, 2015 - 11:47 pm
    American Express Preferred Cash card is the best card out there. Great rewards and generous cash back plus great customer service. The nominal fee is easily re cooped
      Reply »  
  6. Lisa
    July 01, 2015 - 1:09 pm
    You can call AmEx and ask them about your favorite stores, and they will check to see under which code that store submits their charges. Basically, it has to be primarily a grocery store and not a big department store with just a grocery section, not a discount club, not a convenience store that sells groceries, etc. This means NOT Wal-mart, Target, BJ's, Sam's Club, CVS, Walgreens, Aldi, etc. It works for me because I shop a lot at Price Chopper here in the northeast. Hope this helps.
      Reply »  
  7. MJPer
    June 21, 2015 - 2:43 pm
    Is there any way to find out which grocery stores and gas stations are eligible for the 6% cash back on the Amex Blue card. I would hate to apply and then find out the stores I frequent are not eligible.
      Reply »  
  8. JoAnnR
    June 16, 2015 - 7:20 pm
    I was surprised that Discover Card wasn't listed here either. Discover offers 1% back on all purchases and then each quarter offers 5% back on different purchases. Right now it's on travel.
      Reply »  
    1. Amber Stubbs
      June 16, 2015 - 10:01 pm
      We like the Discover it Card as well and it made our list of the best cash back cards.
        Reply »  
  9. MickinMD
    June 15, 2015 - 4:50 pm
    Having a few no-annual-fee cash back cards and using the right one at the right place and time pays off well.
    For example, Discover gave 5% cash-back at stand-alone gas stations from Jan-Mar, Chase's Freedom Visa does so from July-Sept, and Bank of America's Cash Rewards Mastercard gives 3% back the other months. The last two also give a $100 extra cash-back bonus if you charge $500 in the first 90 days. The Mastercard has a one-time 15% off deal for Five Guys ($6 on my $40 order) and similar ones for Panera Bread and Papa John's Pizza in June.

    I tried out the American Express Blue Cash Preferred Card even though it has a $75 annual fee because it gave a $150 cash-back bonus for charging $1000 in 90 days and if gives 6% cash-back at stand-alone supermarkets. But since I do most of my grocery shopping at Aldi, Walmart, etc. that don't apply, I'm switching to the no-annual fee American Express Blue Cash Everyday Card when my year is up in November. I just don't use the Blue Cash Preferred Card enough to pay for the annual fee when my other cards pay more cash back in various situations.
      Reply »  
    1. Amber Stubbs
      June 16, 2015 - 10:07 pm
      You are right about that. If you are card savvy, and willing to put in a little work, you can earn some serious cash back using a couple of cards that offer bonus cash back in certain spending categories and the no-fee card with the highest earn rate for everything else.
        Reply »  
  10. cathy carl
    June 14, 2015 - 1:13 pm
    Does everybody accept the citi double cash card? Is it a visa or mastercard?
      Reply »