Best Credit Card For Cash Back And Travel Rewards
Credit cards have become an essential part of our daily lives. Not only do they provide a convenient method of payment, but they also offer various rewards and cashback programs. In this article, we will discuss the best credit cards for cash back and travel rewards in the United States.
What to look for in a credit card?
Before we dive into the best credit cards for cash back and travel rewards, it is essential to understand what to look for in a credit card. Some of the factors you should consider are:
- The annual fee
- The interest rate
- The cashback percentage
- The rewards program
- The sign-up bonus
- The credit score required
- The acceptance rate
Now that you know what to look for in a credit card let's discuss the best credit cards for cash back and travel rewards.
Cash Back Credit Cards
Cashback credit cards are a great way to earn money on your everyday purchases. Here are some of the best cashback credit cards:
Chase Freedom Unlimited
The Chase Freedom Unlimited credit card is one of the best cashback credit cards out there. It offers a flat 1.5% cashback on all purchases, and there is no annual fee. Additionally, new cardholders can earn a $200 bonus after spending $500 within the first three months of account opening.
Citi Double Cash Card
The Citi Double Cash Card is another excellent cashback credit card. It offers 2% cashback on all purchases - 1% when you make a purchase and another 1% when you pay for that purchase. There is no annual fee, and the card offers a 0% APR for the first 18 months on balance transfers.
Travel Rewards Credit Cards
If you are a frequent traveler, then travel rewards credit cards are a great way to earn points or miles that you can redeem for travel-related expenses. Here are some of the best travel rewards credit cards:
Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card is a popular travel rewards credit card. It offers 60,000 bonus points after you spend $4,000 on purchases within the first three months of account opening. The card also offers 2X points on travel and dining and 1X points on all other purchases. There is an annual fee of $95, but it is waived for the first year.
American Express Gold Card
The American Express Gold Card is another excellent travel rewards credit card. It offers 4X points on restaurants worldwide and U.S. supermarkets (up to $25,000 in purchases per year) and 3X points on flights booked directly with airlines or on amextravel.com. Additionally, new cardholders can earn 60,000 Membership Rewards points after spending $4,000 on purchases within the first six months of account opening. There is a $250 annual fee.
Conclusion
Choosing the right credit card can be overwhelming, but it's crucial to find one that meets your needs. Whether you are looking for cashback or travel rewards, there are many options available. Make sure to consider the annual fee, interest rate, cashback percentage, rewards program, sign-up bonus, credit score required, and acceptance rate when choosing a credit card.