Consider a reward card if your goal is to get a new card. Rewards credit cards can offer additional benefits and earning potential. These cards are particularly valuable if your purchases are large. To be approved for these cards, you need to know your credit history.
Capital One Savor Rewards card
Capital One Savor rewards cards offer high rewards rates on dining out and entertainment. After spending $3,000 within three months, the card will give you a $300 cash bonus. The card has no foreign transaction fees, and offers a variety of benefits including 24-hour emergency help and travel accident insurance.
Capital One Savor rewards credit card is a great choice if you have excellent credit. You can get unlimited cash back up to 4% on entertainment and dining purchases. The card offers 3% cash back on groceries, streaming services, and other purchases. Other features include no foreign transaction fees, solid shopping protections, and a straightforward redemption process.
Citi Premier Card
Citi Premier Card is a flexible rewards card that allows you to redeem points for merchandise and gift cards as well as travel. The card's rewards rate is exceptional, with three points per dollar spent in most categories. It also has a $100 hotel benefit each year and zero foreign transaction fees.
The card's perks may be modest. It does not have lounge access, priority boarding, or lounge access. You can still enjoy other travel benefits like access to Mastercard Luxury Hotels and Resorts. Cardholders will also receive $5 credits for each three Lyft rides that they take. The card provides three months of free DashPass membership. It saves members money when they use cabs. ShopRunner memberships are also free and worth $79 offer free 2-day shipping to hundreds.
Chase Sapphire Reserve
Chase Sapphire Reserve is a high-end credit card with many perks. First, you can transfer your points into participating airlines. This includes airlines such as Emirates Skywards and Air Canada Aeroplan. Points can also be used to buy gift cards or merchandise. The unique feature of this card allows you to transfer points to loyalty programs. Chase Sapphire Reserve has a 1:1 transfer ratio to many loyalty programs. You can also transfer your points to select partner airlines for up to 1.5 cents per point.
A notable feature of this card is its higher earning structure than Sapphire Preferred. Chase Sapphire Reserve offers a higher earning structure than its Sapphire Preferred counterpart. You get more points for every dollar you spend. Additionally, Chase Sapphire Reserve allows you to transfer points to multiple travel partners and earn elite credit.
American Express cash back card
American Express cashback cards are a great option to earn rewards for everyday purchase. Blue Cash Everyday(r), although it has a $95 per year fee, you will be able to earn cash back rewards on more than one-percent of your purchases. You can earn up to $250 cash back per six months if you use your credit card frequently. The card is best for consumers with a 700+ credit score who use their card for gas purchases and groceries.
Cash back credit cards have become very popular due to their tangible benefits. If you use your card at restaurants, you'll earn cash back that can be deposited into your account. These cards can be more attractive than gas credit cards or travel rewards. However, you should be aware that not all cash back cards are the same. Some offer cash back on all purchases, while others offer higher rates on some categories. Many cards allow you to benefit from a higher cashback rate by rotating the highest earning categories every quarter.