The best rewards credit cards of 2019 include cash back, points and travel rewards. We cover all three in our list of the most rewarding card offers.
More than ever before, credit card companies are throwing cash, points, and miles at consumers to entice them to sign up for new credit cards. We’re talking bonuses worth hundreds of dollars just for signing up for a new credit card. Many of these cards don’t even have an annual fee!
Here are a couple of things to note about finding the best rewards credit cards:
1. Most lists are outdated. Be careful which lists you’re looking at when it comes to rewards credit cards. Many, such as the lists from Consumer Reports, are outdated. Those cards have long been replaced with even better offers.
2. Many lists leave out the best cards. Of course, it’s not practical to list every one of the thousands of great credit card options out there. But here, we’re really trying to distill it down to the best offers at the time of this writing.
Here, we’ll list our editor’s picks of the top seven best overall rewards credit cards. If you’re interested in cards within a certain category, check out our specific lists. Otherwise, this is just the top seven best rewards cards today (and seven bonus options):
1. Blue Cash Preferred® Card from American Express
The Blue Cash Preferred® Card from American Express is an excellent way to earn cash back on your everyday expenses. In fact, unlike most cards weighted more towards dining, entertainment, and travel, this one is weighted towards gas and groceries.
With this card, you’ll get 6% cash back on up to $6,000 per year in supermarket purchases, 3% cash back at US gas stations and department stores, and 1% cash back on all other purchases. You can redeem your Reward Dollars as a statement credit. For new card members, spend $1,000 on purchases within three months of account opening, and get a $200 statement credit.
The $95 annual fee for this card isn’t fun to pay, but it’s definitely not the worst option among high-rewards cash back cards. It also offers a 12-month 0% introductory APR on purchases and balance transfers.
2. Barclaycard Arrival® Plus World Elite Mastercard®
The Barclaycard Arrival® Plus World Elite Mastercard® kicks open the door with 70,000 bonus miles after spending $5,000 in the first 90 days. Those miles can be used for a $700 travel statement toward any qualifying travel purchase. This particular card also comes across with a great everyday rewards program:
- 2 miles per dollar spent on every purchase
- 5% miles back when you make a redemption
For example, let’s say you just cashed in 20,000 miles for a $200 credit toward the purchase of a flight. Barclaycard will give you back 1,000 miles on the spot. That means the rewards with this card are just a touch higher than the 2% you might find on other cards. Miles do not expire as long as your account remains active and in good standing.
The Barclaycard Arrival® Plus World Elite Mastercard® also includes a 0% intro APR on balance transfers for 12 months and no foreign transaction fees. There is an $89 annual fee, but it’s waived for all first year cardholders.
Perhaps the biggest benefit for Barclaycard users is that no foreign transaction fees are charged. This means that when you use your and the merchant processes transactions in a different currency, you are not charged a fee. The transaction can be done in person or online; and Barclaycard will always handle the currency conversion free of charge.
3. Capital One® Venture® Rewards Credit Card
The Capital One® Venture® Rewards Credit Card is one I’ve carried for years. It has several excellent features. First, you can earn a one-time bonus of 50,000 miles when you spend $3,000 on the card in the first three months from account opening. These miles are worth $500 when used for travel.
Second, you earn 2 miles for every dollar spent. Use these miles for travel, and this card offers a 2% rewards rate one every purchase. Many other travel rewards credit cards lure you in with the promise of 3x-5x rewards miles but that only applies to travel spending. This credit card gives you 2% every time.
There is no annual fee to own the Capital One® Venture® Rewards Credit Card for the first year; $95 thereafter.
4. Chase Sapphire Preferred
The Chase Sapphire Preferred is listed in the best-of lists on plenty of websites, and not without reason. Right now, it’s offering a great bonus: 60,000 bonus points for spending $4,000 in your first three months after account opening.
On an ongoing basis, the Chase Sapphire Preferred offers 2 point per $1 spent on travel and dining at restaurants, and 1 point per $1 spent on all other categories.
Other perks include 20% off travel when you redeem through Chase Ultimate Rewards, and a 1:1 point transfer program. This lets you transfer your Chase points into other travel rewards programs, which can let you leverage your rewards more easily.
The card also offers no foreign transaction fees, and it’s chip enabled for more security and worldwide acceptance.
The main drawback to this card is that it has a $95 annual fee. If you don’t spend enough money on the card to out-earn that $95, then this card may not be worth your while. But if you want to reap excellent rewards on everyday spending, then this could be the rewards card for you.
- Another Option: Another option is the Chase Freedom Unlimited, which offers unlimited 1.5% cash back on all purchases and a similar $150 sign-up bonus. The big benefit of this card vs. the Sapphire Preferred is that it has no annual fee so if you’re a lighter spender, you may earn more overall.
5. Chase Freedom
The Chase Freedom Visa is considered one of the best cash back rewards cards available today. After signing up and making just $500 in purchases during the first three months, you’ll receive a cool $150. This card offers 1% cash back on all purchases with 5% cash back on select categories each and every quarter. Those categories include things like gas, groceries and at department stores but there’s a slight catch. Only $1,500 can be spent per quarter in these categories before your cash back rate defaults to 1%. Cash back never expires, and there is no limit to what you can earn.
You’ll also receive a generous 0% intro APR on purchases and balance transfers for 15 months. After this expires, the ongoing variable APR becomes 17.24% – 25.99% variable.
There is no annual fee to own the Chase Freedom.
6. Capital One® Quicksilver® Cash Rewards Credit Card
The Capital One® Quicksilver® Cash Rewards Credit Card pays a solid 1.5% on all purchases. The card also offers a one-time $150 bonus and a 0% APR introductory offer on purchases and balance transfers for 15 months, with no annual fee.
Perhaps the biggest benefit for Capital One users is that no foreign transaction fees are charged. This means that when you use your and the merchant processes transactions in a different currency, you are not charged a fee. The transaction can be done in person or online; and Capital One will always handle the currency conversion free of charge.
7. Bank of America® Travel Rewards credit card
The Bank of America® Travel Rewards credit card is a terrific travel card that offers consumers a no-nonsense rewards program with a nice up-front bonus and no annual fee.
The card’s rewards program offers you 1.5 points per dollar spent with no limits or tier levels to worry about and points can be redeemed for any airline or hotel reservation with no blackout dates. There’s also a 10% bonus on rewards earned when you have a Bank of America checking or savings account.
New account holders of the Bank of America® Travel Rewards credit card can also get 25,000 bonus points, worth $250, after spending $1,000 on new purchases within 90 days of account opening.
Cardmembers will also receive a 0% intro APR on purchases for the first 12 billing cycles. After that, the APR becomes 17.24% – 25.24% variable.
There’s no annual fee to own this card, and no foreign transaction fees.
8. Starwood Preferred Guest® Credit Card from American Express
If you’re a frequent road traveler than there may be no better card than the Starwood Preferred Guest® Credit Card from American Express. You’ll earn 25,000 Starpoints after spending $3,000 in the first three months of card ownership. Double Starpoints are earned on all purchases made at Starwood locations and single Starpoints are earned for purchases on everything else. When you’re a Starwood rewards member, you’ll earn three additional Starpoints for each dollar spent at Starwood properties, meaning 5x points in total!
There are no foreign transaction fees charged on this card and Starwood points can be transferred to just about any other rewards program (airline or hotel).
There is a $95 annual fee to own the Starwood Preferred Guest® Credit Card from American Express but it’s waived for the first year.
9. Blue Cash Everyday® Card from American Express
If you were scared away by the annual fee of our top card on this list, the Blue Cash Everyday® Card from American Express is right up your alley. 3% cash back is earned at the grocery store (up to $6,000 spent annually), 2% back at gas stations and at department stores and 1% cash back spent on everything else.
New cardmembers will receive a $150 bonus after spending $1,000 in the first three months.
Also included with this card is a 0% intro APR on purchases and balance transfers for 15 months. After this expires, the ongoing variable APR becomes 14.24% – 25.24% variable.
There is no annual fee to own the Blue Cash Everyday® Card from American Express.Topics: Credit Cards