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Posted: 2023-02-28 17:28:38

Rewards cards earn you cash back, points, miles or even cryptocurrencies on your spending, but you're comparing apples to oranges when you consider the rewards rates in conjunction with their redemption values. The cards below offer the best rewards and redemption rates for most people, but you'll want to compare the rewards to your own spending habits before choosing the best option for your wallet. Many of these cards also offer welcome bonuses, introductory APRs and other benefits.

Intro OfferEarn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.

APR18.49%-29.49% Variable

Intro Purchase APR0% on purchases for 15 months

Recommended Credit Excellent, Good

Reward Rates
  • 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
  • 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
  • 3% Cash Back at U.S. gas stations, on up to $6,000 per year in purchases, then 1%.
  • 1% Cash Back on other purchases.

Annual Fee$0

Intro Balance Transfer APR0% on balance transfers for 15 months

Balance Transfer APR18.49%-29.49% Variable

Balance Transfer Fee Either $5 or 3% of the amount of each transfer, whichever is greater.

Late Payment Fee Up to $40

Foreign Transaction Fees 2.7% of each transaction after conversion to US dollars.

Penalty APR 29.99% Variable

  • 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
  • 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
  • 3% Cash Back at U.S. gas stations, on up to $6,000 per year in purchases, then 1%.
  • 1% Cash Back on other purchases.

Our Take

The Blue Cash Everyday® Card from American Express offers particularly high cash-back rates across several major spending categories, particularly for a card with no annual fee. For groceries at U.S. supermarkets, clothes shopping at U.S. online retailers and gas at U.S. gas stations, the 3% cash-back rate is one of the best you'll find regardless of annual fees (note that you'll have a $6,000 spending cap per year for each of these rewards categories -- after which you'll earn only 1% cash back.) Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.

Besides the rewards, this card also offers a very competitive welcome offer and an introductory APR on purchases and balance transfers that can help spare you from interest charges.

For more details, see our full review of the Blue Cash Everyday card.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

Best rewards program for a modest annual fee

Intro OfferEarn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

APR20.49% - 28.49% (Variable)

Intro Purchase APRN/A

Recommended Credit Excellent, Good

Reward Rates
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases

Annual Fee$95

Balance Transfer APR20.49% - 28.49% (Variable)

Balance Transfer Fee Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum.

Late Payment Fee Up to $41

Foreign Transaction Fees 0%

Penalty APR Up to 29.99% (Variable)

  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases

Our Take

The Citi Premier Card is a points-earning card that encompasses boosted rewards for several popular spending categories for a $95 annual fee. You earn 3x points at gas stations, restaurants, supermarkets, air travel and hotels, and 1x points on all other purchases. When redeemed through the ThankYou Rewards portal for a statement credit, points are worth $0.01 each, netting you 3% back at gas stations if redeemed properly. 

But you need to be careful in redeeming these rewards, as there are other ways to redeem your rewards that may net a lesser value. Check out the details in our full review of the Citi Premier Card.

Intro OfferEarn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months

APR19.49%, 24.49%, or 29.49% variable APR

Intro Purchase APR0% intro APR for 15 months from account opening

Recommended Credit Excellent, Good

Reward Rates
  • Earn unlimited 2% cash rewards on purchases

Annual Fee$0

Intro Balance Transfer APR0% intro APR for 15 months from account opening on qualifying balance transfers

Balance Transfer APR19.49%, 24.49%, or 29.49% variable APR

Balance Transfer Fee up to 5%; min: $5

Foreign Transaction Fees 3%

Penalty APR None

  • Earn unlimited 2% cash rewards on purchases

Our Take

With the Wells Fargo Active Cash Card, you don't need to worry about activating rewards categories, rotating categories or which card gives you the most back. Things are kept simple via a 2% cash rewards rate on purchases -- and no annual fee. Most credit cards offer only a 1% blanket cash rewards rate if at all, so you're in good shape with this card. 

If you spend at least $1,000 in purchases on the card within the first three months of account opening, you earn a $200 cash rewards introductory bonus. Yet another perk is 0% introductory APR for the first 15 months from account opening on purchases and qualifying balance transfers (19.49%, 24.49%, or 29.49% variable APR thereafter).

Check out our full review of the Wells Fargo Active Cash Card for more details.

Read our Wells Fargo Active Cash Card review.

 

Intro OfferEarn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

APR20.24% - 27.24% Variable

Intro Purchase APRN/A

Recommended Credit Excellent/Good

Reward Rates
  • 5x on travel purchased through Chase Ultimate Rewards®
  • 3x on dining.
  • 2x on all other travel purchases, plus more.

Annual Fee$95

Balance Transfer APR20.24% - 27.24% Variable

Balance Transfer Fee Either $5 or 5% of the amount of each transfer, whichever is greater.

Foreign Transaction Fees $0

Penalty APR Up to 29.99%

  • 5x on travel purchased through Chase Ultimate Rewards®
  • 3x on dining.
  • 2x on all other travel purchases, plus more.

Our Take

The Chase Sapphire Preferred® Card offers the best rewards program of travel credit cards at the $95 price point, particularly if you're willing to redeem your rewards for travel booked through Chase Ultimate Rewards. Chase Ultimate Rewards is Chase's online platform where you can book hotels, flights, car rentals, experiences and more. When you redeem your points for travel through this portal, you'll get a 25% redemption boost. This means your points would be worth 1.25 cents each, versus 1 cent each if redeemed for a statement credit instead. 

Effectively, you can net 6.25% on travel booked through Chase Ultimate Rewards (5x points on travel booked through Chase), 3.75% for dining (3x points on dining), and at least 1.25% for other purchases (at least 1x points on other purchases) when redeeming for travel through the platform. You'll also get other perks you can use for your travel like the welcome bonus, lack of foreign transaction fees and some travel insurance coverage.

For more details, see our full review of the Chase Sapphire Preferred Card.

Read our Chase Sapphire Preferred review.

 

Rewards for dining and entertainment

Intro Offer$300 after you spend $3,000 on purchases within 3 months from account opening

APR20.24% - 28.24% Variable

Intro Purchase APRN/A

Recommended Credit Excellent, Good

Reward Rates
  • Earn unlimited 4% cash back on dining, entertainment and popular streaming services
  • Earn 3% at grocery stores
  • Earn 1% on all other purchases

Annual Fee$95

Intro Balance Transfer APRN/A

Balance Transfer APR20.24% - 28.24% Variable

Balance Transfer Fee None for balances transferred at the Transfer APR.

Late Payment Fee Up to $40

Foreign Transaction Fees None

Penalty APR None

  • Earn unlimited 4% cash back on dining, entertainment and popular streaming services
  • Earn 3% at grocery stores
  • Earn 1% on all other purchases

Our Take

The Capital One Savor Cash Rewards Credit Card* boasts a headline rate of 4% cash back on dining and entertainment, which includes bars and restaurants, as well as tickets to movies, plays, concerts, sporting events, tourist attractions, theme parks, aquariums, zoos, dance clubs, pool halls and bowling alleys. But the rewards don't end with dining and entertainment: You can pick up another 3% cash back on your grocery store purchases (excluding superstores like Walmart and Target), and 1% on everything else. And as long as you spend $3,000 in the first three months after opening your account, Capital One will give you a $300 welcome bonus.

Read more: Best Restaurant Credit Cards

Intro OfferEnjoy 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

APR20.24% - 28.24% (Variable)

Intro Purchase APRN/A

Recommended Credit Excellent, Good

Reward Rates
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Earn unlimited 2X miles on every purchase, every day.

Annual Fee$95

Intro Balance Transfer APRN/A

Balance Transfer APR20.24% - 28.24% (Variable)

Balance Transfer Fee $0 at this Transfer APR

Late Payment Fee Up to $40

Foreign Transaction Fees None

Penalty APR None

  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Earn unlimited 2X miles on every purchase, every day.

Our Take

The Capital One Venture Rewards Credit Card* offers travelers the opportunity to earn a solid 2x miles per dollar for their purchases, in exchange for a $95 annual fee.

You can redeem your miles for past travel expenses or use them to fund airfare with Capital One's travel partners. However, the credit card issuer isn't partnered with many US airlines.

Along with its solid rewards rate and welcome bonus, the card features a number of good travel perks including an application fee credit for Global Entry or TSA PreCheck, primary auto rental insurance** and travel accident insurance**. If you're looking for a travel credit card to add to your wallet, the Venture Rewards is a great option.

**Terms, conditions, and exclusions apply. Please refer to your Guide to Benefits for more details.

A strong choice for eating out

Intro OfferEarn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening

APR19.24% - 29.24% (Variable)

Intro Purchase APR0% intro on purchases for 15 months

Recommended Credit Excellent, Good

Reward Rates
  • Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
  • Earn 8% cash back on Capital One Entertainment purchases
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®)
  • Earn 1% on all other purchases

Annual Fee$0

Intro Balance Transfer APR0% intro on balance transfers for 15 months

Balance Transfer APR19.24% - 29.24% (Variable)

Balance Transfer Fee 3%

Late Payment Fee Up to $40

Foreign Transaction Fees None

Penalty APR None

  • Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
  • Earn 8% cash back on Capital One Entertainment purchases
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®)
  • Earn 1% on all other purchases

Our Take

If you dine out often but don't want to pay the Savor's annual fee, consider the Capital One SavorOne Cash Rewards Credit Card*. Cardholders earn 3% cash back for dining, entertainment, popular streaming services and grocery stores (excluding superstores like Target and Walmart) -- making it a strong rewards card for people who like both going out and staying in. 

It also features an introductory 0% APR offer for purchases and balance transfers for 15 months before the standard APR of 19.24% to 29.24% (variable) applies. That means you can earn rewards for your purchases and then pay off the balance while it accrues no interest, or use a balance transfer to get rid of some existing credit card debt.


Intro OfferEarn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.

APR18.49%-29.49% Variable

Intro Purchase APR0% on purchases for 12 months

Recommended Credit Excellent, Good

Reward Rates
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
  • 6% Cash Back on select U.S. streaming subscriptions
  • 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% Cash Back at U.S. gas stations
  • 1% Cash Back on other purchases

Annual Fee$0 intro annual fee for the first year, then $95.

Intro Balance Transfer APR0% on balance transfers for 12 months

Balance Transfer APR18.49%-29.49% Variable

Balance Transfer Fee Either $5 or 3% of the amount of each transfer, whichever is greater.

Late Payment Fee Up to $40

Foreign Transaction Fees 2.7% of each transaction after conversion to US dollars.

Penalty APR 29.99% Variable

  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
  • 6% Cash Back on select U.S. streaming subscriptions
  • 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% Cash Back at U.S. gas stations
  • 1% Cash Back on other purchases

Our Take

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

The Blue Cash Preferred® Card from American Express is one of the best cards to choose if you're looking to earn a good return on your necessary spending. It provides one of the highest cash back rates at U.S. supermarkets and for select U.S. streaming subscriptions, while still offering strong rewards at U.S. gas stations and on transit. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.

It does carry an annual fee of $95 ($0 intro annual fee for the first year), but if you use the card for all of your grocery spending, it shouldn't be hard at all to cover it. Just $1,600 in U.S. supermarket spending spending annually would net you $96 in rewards. If you take the card's other bonus categories into account, you'll earn even more than that.

In addition to its lucrative rewards program, it has a solid welcome offer as well as an intro APR period.

Get all the details in our Blue Cash Preferred review.

Intro OfferEarn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.

APR19.24% - 27.99% Variable

Intro Purchase APR0% Intro APR on Purchases for 15 months

Recommended Credit Excellent, Good

Reward Rates
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 5% cash back on travel purchased through Chase Ultimate Rewards®, 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
  • Unlimited 1% cash back on all other purchases.

Annual Fee$0

Intro Balance Transfer APR0% Intro APR on Balance Transfers for 15 months

Balance Transfer APR19.24% - 27.99% Variable

Balance Transfer Fee Either $5 or 5% of the amount of each transfer, whichever is greater.

Foreign Transaction Fees 3% of each transaction in U.S. dollars

Penalty APR Up to 29.99%

  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 5% cash back on travel purchased through Chase Ultimate Rewards®, 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
  • Unlimited 1% cash back on all other purchases.

Our Take

There are few cards on the market that offer the level of versatility of the Chase Freedom Flex*. Its rewards cover plenty of ground, featuring both bonus categories that rotate quarterly and static reward categories.

Its earning potential is hard to match by other credit cards with no annual fee. Some past rotating categories include purchases at grocery stores, Amazon and streaming services. The static categories include restaurants, drug stores and travel booked directly through Chase Ultimate Rewards. It even has an introductory APR offer to help you avoid interest charges.

It's hard not to see the potential value in the Freedom Flex, especially for a card without an annual fee. You can learn more about it in our Chase Freedom Flex review.

Lucrative for your first year

Intro OfferIntro Offer: Unlimited Cashback Match - only from Discover. 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.

APR16.24% - 27.24% Variable APR

Intro Purchase APR0% for 15 months

Recommended Credit Good/Excellent

Reward Rates
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate.
  • Earn 1% unlimited cash back on all other purchases – automatically.

Annual Fee$0

Intro Balance Transfer APR0% for 15 months

Balance Transfer APR16.24% - 27.24% Variable APR

Balance Transfer Fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*

Late Payment Fee None the first time you pay late. After that, up to $41.

Foreign Transaction Fees None

  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate.
  • Earn 1% unlimited cash back on all other purchases – automatically.

Our Take

The Discover it® Cash Back* has the potential to be highly rewarding, especially during your first year with the card. It offers 5% cash back (on up to $1,500 in purchases when you activate, then 1%) for categories that rotate quarterly, but Discover will essentially double the cash back you earn for your first year at the end of your first year with the card.

There's an introductory APR offer and no foreign transaction fees to worry about. Combined with its strong 5% cash back rate and no annual fee, it's easy to see why this is a good card to pick. 

You can learn more in our Discover it Cash Back review.

Intro OfferEarn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months - that's a $200 cash redemption value

APR19.49%, 24.49%, or 29.49% variable APR

Intro Purchase APR0% intro APR for 12 months from account opening

Recommended Credit Excellent/Good

Reward Rates
  • Earn unlimited 3X points on restaurants, travel, gas stations, transit, popular streaming services and phone plans. Plus earn 1X points on other purchases
  • Earn 1X points on other purchases

Annual Fee$0

Balance Transfer APR19.49%, 24.49%, or 29.49% variable APR

Balance Transfer Fee 3% for 120 days from account opening, then up to 5%; min: $5

Penalty APR None

  • Earn unlimited 3X points on restaurants, travel, gas stations, transit, popular streaming services and phone plans. Plus earn 1X points on other purchases
  • Earn 1X points on other purchases

Our Take

If you're looking for a general rewards cards with a $0 annual fee, consider the Wells Fargo Autograph℠ Card. It offers rewards for an impressive spread of purchases, including restaurants, travel, popular streaming services, gas stations and phone plans.

3x points per dollar is a hard rate to beat for a no annual fee card. It doesn't offer the flexibility of a flat-rate credit card that earns rewards for every purchase, but if you spend a lot within its categories you'll rake in the rewards. Cardholders can avoid interest charges thanks to its introductory APR offer on purchases, and there's a few additional perks like auto rental collision damage waiver and cell phone protection.

Read more about it in our Wells Fargo Autograph review.

Intro OfferEarn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.

APR18.49% - 28.49% (Variable)

Intro Purchase APR0% for 15 months on purchases

Recommended Credit Excellent, Good

Reward Rates
  • Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter.
  • Earn unlimited 1% cash back on all other purchases.

Annual Fee$0

Intro Balance Transfer APR0% for 15 months on balance transfers

Balance Transfer APR18.49% - 28.49% (Variable)

Balance Transfer Fee Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum.

Late Payment Fee Up to $41

Foreign Transaction Fees 3%

Penalty APR Up to 29.99% (Variable)

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