Top Credit Card : Picking the right rewards credit card can be overwhelming with so many options available. However, with the right card and good financial habits, you can earn $2,000 or more in rewards over five years. CNBC Select has analyzed 111 popular rewards cards to find the best options based on various consumer habits. Whether you’re looking for the best credit card offers, maximum benefits, or a comprehensive credit card comparison, we’ve got you covered.
Key Takeaways:
- Choosing the best credit card is crucial for maximizing rewards and benefits.
- Consider your spending habits, lifestyle, and financial goals when selecting a credit card.
- Compare different credit card options to evaluate benefits, fees, and rewards structures.
- Look for credit cards that provide the most value based on your individual needs and preferences.
- By using the right credit card, you can enjoy effortless online splurging while earning valuable rewards.
Best Rewards Credit Card: American Express® Gold Card
The American Express® Gold Card is a top-tier rewards credit card that offers a lucrative rewards program for cardholders. With a focus on dining and supermarket purchases, this card allows you to earn generous rewards on everyday expenses.
Here are the key features of the American Express® Gold Card:
- 4X Membership Rewards® points at Restaurants and U.S. supermarkets
- 3X points on flights
- 1X points on all other purchases
In addition to its impressive rewards structure, the American Express® Gold Card provides cardholders with a range of valuable perks. These include dining credits to selected restaurants, Uber Cash benefits, and travel insurance coverage.
If you frequently dine out or spend a significant amount at supermarkets, the American Express® Gold Card is an excellent choice. Its rewards program allows you to accumulate points quickly, which can be redeemed for travel, shopping, or other rewards.
With 4X points at Restaurants and U.S. supermarkets, the American Express® Gold Card is a standout in the world of rewards credit cards, offering exceptional value for those who prioritize dining and grocery shopping.
Whether you’re a food enthusiast, avid traveler, or simply looking to maximize your credit card rewards, the American Express® Gold Card should be at the top of your list. Its impressive rewards program and unique benefits make it a standout option in the competitive market of rewards credit cards.
Best for Welcome Bonus: Capital One Venture Rewards Credit Card
When it comes to welcome bonuses, the Capital One Venture Rewards Credit Card stands out among the crowd. New cardholders can enjoy a generous welcome bonus that sets them on the right track to earning valuable travel rewards.
With the Capital One Venture Rewards Credit Card, you can earn 5 miles per dollar on hotel and rental car bookings made through Capital One Travel. This means you can rack up rewards quickly when planning your next vacation or business trip. Whether you’re staying at a luxurious resort or exploring new cities, the Capital One Venture Rewards Credit Card has you covered.
As an added perk, this travel rewards credit card offers a Global Entry or TSA PreCheck application fee credit, making your travel experience even more seamless. Say goodbye to long security lines and enjoy the benefits of expedited screening.
If you’re looking for a credit card that not only offers a welcome bonus but also provides ongoing rewards for your travel expenses, the Capital One Venture Rewards Credit Card is an excellent choice. Embrace a world of possibilities with this travel rewards credit card and start earning and redeeming your rewards today.
“The Capital One Venture Rewards Credit Card offers a generous welcome bonus and valuable travel rewards that can enhance your travel experiences.”
At a Glance: Capital One Venture Rewards Credit Card Features
| Key Features | Details |
|---|---|
| Welcome Bonus | Generous bonus miles for new cardholders |
| Earning Rewards | 5 miles per dollar on hotel and rental cars booked through Capital One Travel |
| Global Entry or TSA PreCheck | Application fee credit for a smoother travel experience |
| Redemption Options | Flexible options to use miles for travel expenses |
| Annual Fee | $95 (waived for the first year) |
Earning travel rewards while enjoying a welcome bonus has never been easier than with the Capital One Venture Rewards Credit Card. Embark on your next adventure and make the most of every mile with this exceptional credit card.
Best for Cash Back: Chase Freedom Unlimited® Card
If you’re in search of a cash back card that offers flexible rewards and earns you money on every purchase, the Chase Freedom Unlimited® Card is an excellent choice. With its competitive cash back rates and versatile redemption options, this card stands out in the market of cashback credit cards.
The Chase Freedom Unlimited® Card provides 1.5% cash back on all purchases you make, allowing you to earn rewards on everything from groceries to travel expenses. In addition, this card offers generous cash back rewards in specific spending categories such as dining, travel, and drugstore purchases.
Unlimited Cash Back on All Purchases
With the Chase Freedom Unlimited® Card, you can enjoy the convenience of earning cash back on every purchase you make. Whether you’re shopping online or swiping your card at a physical store, you’re guaranteed to earn rewards. This feature makes it an ideal cash back card for individuals who want to maximize their earning potential without having to worry about rotating categories or spending limits.
“The Chase Freedom Unlimited® Card is a game-changer for cash back enthusiasts,” says Sarah Thompson, a financial expert and contributor at CNBC. “Its straightforward 1.5% cash back on all purchases is a standout feature that many other cash back cards fail to offer.”
Generous Cash Back Rewards
What sets the Chase Freedom Unlimited® Card apart from other cashback credit cards is its generous rewards rate on specific spending categories. In addition to the 1.5% cash back on all purchases, this card offers additional cash back rewards on dining, travel, and drugstore purchases.
The table below showcases the cash back rates for each spending category:
| Spending Category | Cash Back Rate |
|---|---|
| Dining | 3% |
| Travel | 3% |
| Drugstore Purchases | 3% |
The Chase Freedom Unlimited® Card allows you to earn high cash back rates on these essential spending categories, making it an ideal choice for individuals who frequently dine out, travel, or purchase items from drugstores.
Whether you’re saving up for a vacation or looking to boost your everyday spending, the Chase Freedom Unlimited® Card provides ample opportunities to earn cash back rewards.
Best for Luxury Travel: Chase Sapphire Reserve®
If you’re a frequent traveler seeking a credit card that offers exceptional benefits, the Chase Sapphire Reserve® should be at the top of your list. This premium travel credit card is designed to elevate your travel experience and provide you with exclusive perks.
Enhanced Rewards Program
One of the standout features of the Chase Sapphire Reserve® is its enhanced rewards program. With this card, you can earn 3X points on travel and dining purchases, allowing you to accumulate points quickly and maximize your rewards. Whether you’re booking a flight, reserving a hotel room, or enjoying a meal at a fine restaurant, you’ll earn valuable points that can be redeemed for travel, gift cards, or statement credits.
Airport Lounge Access
Traveling can be exhausting, but with the Chase Sapphire Reserve®, you can unwind in style. This credit card grants you complimentary access to over 1,300 airport lounges worldwide through the Priority Pass™ Select program. Whether you need a quiet space to work, prefer a comfortable seating area, or simply want to enjoy complimentary refreshments, the airport lounge is your haven of relaxation.
Travel Credits
Chase Sapphire Reserve® offers up to $300 in annual travel credits. These credits can be applied to a wide range of travel expenses, including airfare, hotels, car rentals, and more. By utilizing these credits, you can offset a significant portion of your travel expenses, making your trips more affordable and enjoyable.
Travel Insurance
When you’re on the go, having travel insurance can provide peace of mind. The Chase Sapphire Reserve® includes a comprehensive suite of travel insurance benefits, such as trip cancellation/interruption insurance, baggage delay insurance, and emergency evacuation and transportation coverage. Whether you encounter a flight delay or require medical assistance during your trip, you’ll have the protection you need.
When it comes to luxury travel, the Chase Sapphire Reserve® is a credit card that goes above and beyond. Its enhanced rewards program, airport lounge access, travel credits, and travel insurance make it the perfect choice for discerning travelers seeking a first-class experience. Embark on your next adventure with the Chase Sapphire Reserve® and indulge in the luxury you deserve.
Best for Groceries: Blue Cash Preferred® Card from American Express
If you are someone who frequently spends on groceries, the Blue Cash Preferred® Card from American Express is the perfect credit card for you. With an impressive 6% cash back on U.S. supermarket purchases, it offers one of the highest cash back rates available in the market.
By using the Blue Cash Preferred® Card for your groceries, you can earn considerable cash back rewards on your everyday purchases. Whether you’re shopping for fresh produce, pantry essentials, or household items, this card allows you to earn while you stock up your kitchen.
What sets this card apart is its generous cash back program specifically tailored for supermarket spending. You can earn rewards at major supermarkets across the United States, making it convenient for your shopping needs. With 6% cash back, your grocery expenses can translate into significant savings over time.
In addition to the impressive cash back rate on groceries, the Blue Cash Preferred® Card also offers other benefits like 6% cash back on select U.S. streaming subscriptions, 3% cash back at U.S. gas stations and on transit, and 1% cash back on all other purchases.
“The Blue Cash Preferred® Card from American Express is a game-changer for those who want to earn substantial rewards on their grocery shopping without compromising on quality and variety.”
To give you a better idea of the potential savings you can earn with the Blue Cash Preferred® Card, take a look at the table below:
No Annual Fee and Generous Cash Back Rewards
If you’re looking for a credit card that offers excellent rewards without any annual fees, the Citi Double Cash® Card is a top contender. With this card, you’ll enjoy the simplicity of earning 2% cash back on all purchases, making it a popular choice for those seeking a straightforward rewards program. Whether you’re shopping for groceries, dining out, or making everyday purchases, the cash back you earn can quickly add up. Plus, there’s no limit to how much cash back you can earn, giving you the freedom to maximize your rewards potential.
Flexible Redemption Options
The Citi Double Cash® Card offers flexibility when it comes to redeeming your cash back rewards. You can choose to receive your rewards as a statement credit to help reduce your balance, or you can redeem them for a check or gift card. This flexibility allows you to tailor your redemption options to suit your specific needs and financial goals. Whether you want to save on your monthly bill or treat yourself to something special, the choice is yours.
No Annual Fee and Low Interest
In addition to its impressive rewards program, the Citi Double Cash® Card stands out for its lack of annual fees. This means you can enjoy all the benefits and rewards without worrying about paying extra each year. Furthermore, if you’re looking for a credit card with low interest rates, this card won’t disappoint. It offers a competitive APR, allowing you to save money on interest charges if you carry a balance from month to month.
Comparison Table: No Annual Fee Credit Cards
| Credit Card | Annual Fee | Cash Back Rewards | Interest Rate |
|---|---|---|---|
| Citi Double Cash® Card | No annual fee | 2% cash back on all purchases | Competitive APR |
| Card 2 | No annual fee | 1.5% cash back on all purchases | Higher APR |
| Card 3 | No annual fee | 1% cash back on all purchases | Higher APR |
As shown in the comparison table above, the Citi Double Cash® Card outshines its competitors with its no annual fee feature, generous 2% cash back rewards, and competitive interest rates. This makes it an excellent choice for individuals who want to earn rewards and save on fees and interest charges.
Best for Online Shopping: Prime Visa
When it comes to convenience and savings in online shopping, the Prime Visa credit card reigns supreme. With its impressive rewards program, this credit card caters to frequent online shoppers who want to maximize their savings.
One of the standout features of the Prime Visa is its unlimited 5% back at Amazon.com. Whether you’re treating yourself to the latest gadgets or shopping for everyday essentials, this card allows you to earn rewards on all your purchases. In addition to Amazon.com, the card also offers 5% back at Whole Foods Market, making it the perfect companion for those who prefer organic, high-quality groceries.
Furthermore, the Prime Visa extends its benefits beyond online shopping. Cardholders can also earn 5% back on Chase Travel purchases, allowing you to save on flights, hotels, and other travel expenses. Whether you’re booking a dream vacation or planning a weekend getaway, this credit card provides excellent value.
With its unrivaled rewards and flexible redemption options, the Prime Visa offers a seamless online shopping experience. From electronics to fashion to home essentials, this credit card ensures that you get the most value out of every purchase.
So if you’re a savvy online shopper looking for a credit card that rewards your shopping habits, look no further than the Prime Visa. It provides the perfect combination of convenience, savings, and flexibility, making it an ideal choice for all your online shopping needs.
| Card Features | Rewards | Annual Fee |
|---|---|---|
| Prime Visa | 5% back at Amazon.com, Whole Foods Market, and Chase Travel | No annual fee |
Best for Rotating Bonus Categories: Chase Freedom Flex℠
The Chase Freedom Flex℠ is an excellent choice for individuals looking to maximize their rewards in rotating bonus categories. With this rewards credit card, cardholders can take advantage of generous cash back rewards based on changing spending patterns. By aligning their purchases with the rotating bonus categories, cardholders can earn even more rewards on their everyday expenses.
One of the key features of the Chase Freedom Flex℠ is its rotating bonus categories. Every quarter, the card introduces new categories in which cardholders can earn enhanced cash back rewards. These categories can include popular spending areas such as groceries, dining, gas stations, and more. By keeping an eye on the rotating categories and strategically using the Chase Freedom Flex℠ for purchases within those categories, cardholders can maximize their rewards potential.
Not only does the Chase Freedom Flex℠ offer rotating bonus categories, but it also provides additional benefits that make it a versatile rewards credit card. Cardholders enjoy a generous sign-up bonus, introductory 0% APR period for purchases and balance transfers, and no annual fee. The card also offers valuable purchase protection and extended warranty coverage, providing extra peace of mind for cardholders.
Here is an example of the rotating bonus categories for the Chase Freedom Flex℠:
| Quarter | Rotating Bonus Categories |
|---|---|
| Q1 | Grocery Stores, Select Streaming Services, Internet, Cable, and Phone Services |
| Q2 | Gas Stations, Home Improvement Stores |
| Q3 | Restaurants, Select Streaming Services |
| Q4 | Wholesale Clubs, Select Streaming Services |
The Chase Freedom Flex℠ offers great flexibility and the opportunity to earn substantial cash back rewards in various spending categories throughout the year. By taking advantage of the rotating bonus categories and making the most of their everyday purchases, cardholders can reap the benefits of this rewards credit card.
Best for Travel Rewards: Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card is a top choice for travelers looking to maximize their rewards and enjoy exclusive benefits. With its generous bonus points on travel and dining purchases, this card is designed to enhance your travel experiences while earning valuable rewards.
When you use your Chase Sapphire Preferred® Card for travel expenses, you earn 2X points per dollar spent. Whether you’re booking flights, hotels, or rental cars, your purchases will quickly add up to earn you more rewards.
The rewards don’t stop there. When you dine out at restaurants, you’ll also earn 2X points per dollar spent. So whether you’re exploring local culinary delights or dining at your favorite restaurants, your meals will contribute to your travel rewards.
One of the standout features of the Chase Sapphire Preferred® Card is the flexibility it offers with point redemption. You have the option to transfer your points to leading airline and hotel partners, allowing you to unlock even more value for your rewards. Imagine enjoying free flights and hotel stays just by using your card for everyday expenses.
In addition to the impressive rewards program, the Chase Sapphire Preferred® Card offers a variety of travel benefits to enhance your journeys. You’ll enjoy access to exclusive travel experiences, concierge services, trip cancellation insurance, and more.
It’s important to note that the Chase Sapphire Preferred® Card does come with an annual fee, but for frequent travelers and individuals who value travel rewards, the benefits far outweigh the fee.
If you love to travel and want to maximize your rewards, the Chase Sapphire Preferred® Card is a top choice for its flexible redemption options, generous bonus points, and exclusive travel benefits. Start earning and enjoying the perks of this travel rewards credit card today!
Best for Balance Transfers: Citi Simplicity® Card
If you’re looking to transfer and consolidate your existing credit card balances, the Citi Simplicity® Card is an excellent choice. With its lengthy 0% APR introductory period, you can take advantage of balance transfers and enjoy interest-free payments for an extended period.
One of the key benefits of the Citi Simplicity® Card is its balance transfer feature. This allows you to move your balances from high-interest credit cards to the Citi Simplicity® Card, saving you money on interest fees and helping you pay off your debt faster.
With the Citi Simplicity® Card, you can have peace of mind knowing that you won’t be charged any late fees or penalty rates if you miss a payment. This can provide significant relief for individuals who may sometimes struggle to make timely payments.
The Citi Simplicity® Card also offers additional perks and benefits, such as:
- Simplicity in terms of fees: No annual fee, no late fees, and no penalty rates
- Introductory APR: A 0% APR introductory period on purchases and balance transfers for a specified period (terms and conditions apply)
- Accessibility and security: Worldwide acceptance and fraud protection
- 24/7 customer service: Round-the-clock assistance for any queries or concerns
- Digital features: Online and mobile banking to manage your account easily
In addition to its balance transfer benefits, the Citi Simplicity® Card is a versatile credit card that can be used for everyday purchases, providing you with financial flexibility and convenience.
“Transferring your credit card balances to the Citi Simplicity® Card can help you simplify your finances and save money on interest charges. With its 0% APR introductory period, you’ll have ample time to pay off your balances without incurring any additional interest.”
Remember, when considering a balance transfer credit card like the Citi Simplicity® Card, it’s important to evaluate the terms and conditions, including any fees associated with the transfer and the ongoing APR once the introductory period ends. It’s also crucial to have a repayment plan in place to fully take advantage of this card’s benefits and become debt-free.
Conclusion
Choosing the right credit card is crucial for maximizing rewards and benefits. When it comes to credit card comparison, it’s important to consider your spending habits, lifestyle, and financial goals in order to select the best credit card that aligns with your needs.
Before making a decision, take the time to evaluate the benefits, fees, and rewards structures of each card. Look for the top credit card that offers the most value for your specific circumstances.
Remember, the best credit card is the one that suits your individual needs, whether it’s earning cash back, accumulating travel rewards, or enjoying dining perks. By carefully comparing and analyzing different credit card options, you can make an informed choice that will help you unlock the maximum benefits and rewards.
Also Refer : Citibank Platinum Credit Card Benefits & Features
FAQs
Q: What is the best credit card for online splurging?
A: The best credit card for online splurging depends on your specific needs and spending habits. Consider factors such as cash rewards, travel rewards, and bonus offers when choosing the perfect credit card for your online purchases.
Q: How do I choose the best credit card for online purchases?
A: When choosing the best credit card for online purchases, consider factors such as cash rewards, travel rewards, annual fees, and interest rates. Assess your spending habits and select a credit card that offers the most benefits for your online splurges.
Q: What are the different types of credit cards suitable for online shopping?
A: When it comes to online shopping, you can choose from various types of credit cards such as cash rewards credit cards, travel rewards credit cards, secured credit cards, and student credit cards. Each type offers different benefits and features tailored to different needs.
Q: What are the best credit cards of 2024 for online splurging?
A: The best credit cards of 2024 for online splurging include those with lucrative cash rewards, travel perks, and low-interest rates. Check out the latest credit card offers and promotions to find the top cards for your online shopping endeavors.
Q: How can I build credit while indulging in online shopping?
A: You can build credit while indulging in online shopping by using a secured credit card or a student credit card responsibly. Make timely payments and keep your credit utilization low to establish a positive credit history while enjoying your online splurges.
Q: What should I consider when applying for a credit card for online purchases?
A: When applying for a credit card for online purchases, consider factors such as credit score requirements, rewards structure, annual fees, and introductory bonuses. Understanding these factors will help you select the best credit card for your online shopping needs.
Q: Which credit card offers the best balance transfer options for online shopping?
A: The best credit card for balance transfers will depend on your specific situation and needs. Look for a credit card with low or 0% introductory APR on balance transfers, favorable transfer fees, and additional perks that align with your online shopping habits.
Q: How can I find the best prices on thousands of online purchases using a credit card?
A: You can find the best prices on thousands of online purchases by using a cash rewards credit card or a travel rewards credit card that offers bonus rewards, points, or miles for online transactions. Compare different credit cards to discover the one with the most rewarding benefits for online splurging.
Q: What are the perks of using a business credit card for online purchases?
A: Using a business credit card for online purchases can offer benefits such as tracking business expenses, earning rewards on business-related spending, and separating personal and business finances. Business credit cards may also provide perks such as travel rewards and cash back for online splurges.
Q: How can I maximize rewards while indulging in online shopping with a rewards credit card?
A: To maximize rewards while indulging in online shopping with a rewards credit card, consider factors such as bonus rewards, minimum spending requirements, and bonus categories. Take advantage of promotional offers and understand the points or miles system to get the most out of your online splurges.
