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What are the Best Rewards Credit Cards?

Use a rewards credit card to make the most of your spending.

By
Laura Adams, MBA
5-minute read
Episode #179

What Are the Best Rewards Credit Cards?

There’s a huge selection of rewards cards to choose from—especially if you have good credit. You can do a search for the best rewards credit card offers at sites like creditcards.com, bankrate.com, and creditcardguide.com. Here are a few cards that offer the best cash-back rewards right now:

  • Chase FreedomSM Card offers 5% cash back for purchases in categories like as gas, home improvement, and department stores, and 1% back on everything else, with no annual fee.

  • Discover® More Card offers 5% back for purchases in categories that change each quarter, like travel, home, apparel, gas, restaurants, and movies, and 1% on all other purchases, with no annual fee.

  • Blue Cash® American Express Card offers 5% back for purchases in categories like gas, supermarkets, and drugstores, and 1.25% back on everything else after you spend $6,500 in a calendar year. Before you spend $6,500, the reward is up to 1% cash back—so with this card the more you spend the better. It also comes with numerous buyer protection services and has no annual fee.

Here are two cards with great point-based rewards:

  • Bank of America® Accelerated Rewards® American Express® Card offers 1.25 points for all purchases. You earn unlimited points for unrestricted travel, gift cards, merchandise, cash back, and more. This card comes with numerous buyer protection services and has no annual fee.

  • Chase SapphireSM Card allows you to earn 2 points for airfare and one point for all other purchases. You earn unlimited points that never expire and can be redeemed for travel, gift cards, merchandise, cash back, and more, with no annual fee.

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About the Author

Laura Adams, MBA

Laura Adams received an MBA from the University of Florida. She's an award-winning personal finance author, speaker, and consumer advocate who is a frequent, trusted source for the national media. Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers is her newest title. Laura's previous book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love, was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show.