If you can afford to put a lot of money on your credit card every month — and pay it off in full — you need a credit card that rewards big spending. Many of the best rewards credit cards are designed for average spenders. If your spending goes far beyond the average, you’re going to want a credit card that offers better-than-average rewards.
If you have a tendency to spend big — at stores and restaurants, on vacation or just in general — consider taking these cards with you.
High credit limit: Chase Freedom Unlimited®
If you’re looking for a cash-back credit card that rewards big spending, the Chase Freedom Unlimited® is currently offering 3% cash back on all purchases for the first $20,000 spent in your first year. After you hit that $20K mark, you’ll earn unlimited 1.5% cash back on all purchases.
Plus, if you have excellent credit, you’ll probably be rewarded with a high credit limit, which — when combined with the Chase Freedom Unlimited’s 0% intro APR on purchases and balance transfers for 15 months (16.99% – 25.74% Variable after) — means you could use this card to:
- Fund a big purchase
- Get 3% cash back up to $20,000 in purchases
- Pay no interest if you get that balance paid off in 15 months
You also won’t have to pay an annual fee — in fact, this is the only card on our big spender list that doesn’t charge one.
If you don’t have excellent credit, we’ve got seven tips to help you boost that credit score so you can take advantage of premier credit cards like the Chase Freedom Unlimited.
|Chase Freedom Unlimited rewards|
|3% cash back on all purchases in your first year up to $20,000 spent||Unlimited 1.5% cash back on all purchases after spending $20,000 in first year|
Most prestigious card: Platinum Card® from American Express
Want an exclusive credit card that radiates prestige? The Platinum Card® from American Express delivers. This is another great card for people with excellent credit; you’ll get platinum-level points and perks, from access to airport lounges to monthly Uber credits. Plus, it comes in metal — a true sign of credit card prestige.
The Platinum Card also comes with a $550 annual fee. However, since you can get a $200 statement credit for purchases on the qualifying airline of your choice, plus up to $200 in Uber credits per year, all before earning any Membership Rewards® points on travel spending, big spenders will probably find this card well worth it.
|Platinum Card from American Express rewards and perks|
|5X Membership Rewards points on flights booked directly with airlines or with American Express Travel||5X Membership Rewards points on prepaid hotels booked on amextravel.com||1X Membership Rewards point on all other purchases||60,000 Membership Rewards points after you make $5,000 in purchases in the first three months|
|$15 in Uber credits for U.S. rides each month plus a bonus $20 in December||Statement credit for TSA PreCheck® or Global Entry fees||$200 statement credit for purchases on the qualifying airline of your choice||Access to more than 1,200 airport lounges across 130 countries with the American Express Global Lounge CollectionSM|
Best for frequent diners: Capital One® Savor® Cash Rewards Credit Card
If you like to dine in style, the Capital One® Savor® Cash Rewards Credit Card is ready to serve. This credit card tops our list of the best credit cards for restaurant rewards, thanks to its unlimited 4% cash back on dining and entertainment purchases. Want to get rewarded for dinner and a movie? The Savor Cash Rewards card gives you that option. If you like trying new recipes at home, you’ll appreciate earning 2% cash back on grocery store purchases as well.
This card comes with a $95 annual fee (waived the first year), but if you spend more than $2,400 on dining and entertainment in a single year, you’ll easily cover that cost.
|Capital One Savor rewards|
|Unlimited 4% cash back on dining and entertainment||2% cash back at grocery stores||1% cash back on all other purchases||$300 cash bonus after you make $3,000 in purchases in the first three months|
Best sign-up bonus: Chase Sapphire Preferred® Card
Many credit cards offer bonuses to new cardholders, but the Chase Sapphire Preferred® Card comes with one of the best sign-up bonuses you’ll find. If you spend $4,000 in the first three months of account ownership, you’ll receive 60,000 bonus points. These bonus points are worth $500 by themselves, but since Chase boosts the value of any points earned on the Chase Sapphire Preferred card by 25% when those points are redeemed for travel purchases through Chase Ultimate Rewards®, your 60,000 bonus points could be worth $750.
The Chase Sapphire Preferred card comes with a $95 annual fee. Still, when you compare that to the $750 you could earn through its sign-up bonus, this card remains a highly viable option.
|Chase Sapphire Preferred rewards|
|2X points on travel||2X points on dining worldwide||1X points on all other purchases||60,000 bonus points after spending $4,000 in the first three months; points are worth $750 when redeemed for travel through Chase Ultimate Rewards||Transfer points to all participating frequent travel programs at 1 to 1 value|
Best hotel perks: Hilton Honors American Express Surpass® Card
The Hilton Honors American Express Surpass® Card provides an impressive suite of rewards for a card with only a $95 annual fee. Since you’ll probably earn that back as soon as you collect enough Honors Bonus Points for a complimentary hotel stay, you won’t need to lose any sleep over your decision to apply for this top hotel rewards card.
|Hilton Honors American Express Surpass rewards and perks|
|12X Hilton Honors Bonus Points on purchases made directly with a hotel or resort within the Hilton Portfolio||6X Hilton Honors Bonus Points on purchases made at U.S. restaurants, at U.S. supermarkets, and at U.S. gas stations||3X Hilton Honors Bonus Points on all other eligible purchases||130,000 Hilton Honors Bonus points after you make $4,000 in purchases in the first four months|
|Complimentary Hilton Honors Gold Status||Spend $40,000 on eligible purchases in a calendar year and you can earn Hilton Honors Diamond status through the end of the next calendar year||Earn a Weekend Night Reward from Hilton Honors after you spend $15,000 on eligible purchases in a calendar year||Complimentary Priority Pass™ Select membership with access to 1000+ airport lounges, plus 10 free lounge visits per year|
With the right card, big spenders can see big benefits
If you spend a lot of money — and if you know how to manage credit responsibly — you can gain access to some of the best rewards credit cards on the market. Don’t be too worried if a credit card you’re considering comes with a high annual fee; with the amount of money you’re going to put on the card, you’ll very likely earn back the cost of that fee in no time.
One more piece of advice: try to avoid carrying a balance on your high-reward credit card. You don’t want to pay more in interest than you earn in rewards, after all. If you’re planning to spend big, make sure you can afford to pay off everything you charge to the card — otherwise, you’ll go from big spender to big debt.