While anyone can benefit from using a rewards or cash back credit card for regular spending, consumers who can make a lot of purchases on plastic each month stand to gain the most. If you’re a business owner who spends a ton of money on inventory, payroll and other services, for example, you could score a ton of rewards just by funneling your business spending through a top business credit card. Families who use credit cards to pay for regular bills — and even daycare or health insurance premiums — can also benefit handsomely by charging everything they can on a rewards card and paying it off each month.
Fortunately, some credit cards are geared to big spenders, usually because they offer considerably more rewards in specific bonus categories or a higher than normal rate of return on everything you buy. If you’re a big spender who wants to use a rewards or travel credit card to get ahead this year, you should start your search with the cards on this list.
How to find the right credit card for your spending style
The best credit card for big spenders can vary on a whole host of factors, including the type of rewards you want to earn. As you scan this list to find the best card for your needs, here are the main factors you should consider:
- Which categories do you spend the most money in? If a considerable percentage of your spending falls within a few specific categories like dining, gas or groceries, you should look for a card that offers bonus points in those areas.
- What type of points do you want to earn? Are you hoping to rack up cash back, travel rewards or flexible points you can use in more than one way? Make sure the cards you consider let you earn points that work for your goals.
- Are you after specific cardholder benefits? Some credit cards offer consumer protections or elite travel benefits to big spenders. Make sure to consider which features each card offers and how you might use them to your advantage.
Best credit card for day-to-day big spenders
Current bonus: Sign up for the Chase Sapphire Reserve and earn 50,000 points worth $750 toward travel when redeemed through the Chase portal when you spend $4,000 on your card within three months of account opening.
Cardholder perks: Receive $300 in annual travel credits each year along with a Priority Pass Select airport lounge membership, a credit for Global Entry or TSA Precheck and more.
Why this card is best for big spenders: You’ll earn 3x points per $1 spent on all travel (after earning your $300 travel credit) and dining purchases along with 1x points on everything else you buy. If you spend a lot of money on travel or dining each year specifically, this card can help you rack up a huge stash of rewards.
Annual fee: $450
Best travel credit card for big spenders
Current bonus: As a welcome offer for The Platinum Card® from American Express, you can earn 75,000 Membership Rewards points when you spend $5,000 on your card within six months of account opening.
Cardholder perks: Qualify for up to $200 in Uber credits each year, up to a $200 airline fee credit with your chosen airline, the broadest airline lounge membership available today (including Priority Pass Select membership) and a credit for Global Entry or TSA Precheck. You’ll also get Gold elite status with both the Hilton Honors and the Marriott Bonvoy program.
Why this card is best for big spenders: This card gives you 5x points on airfare booked direct or through AmexTravel.com. You’ll also earn 5x points on prepaid hotels booked through AmexTravel.com and 1x points on all other purchases. If you spend a lot on travel each year, these rewards can add up fast.
Annual fee: $550
Best cash-back credit card for regular purchases
Current bonus: None
Cardholder perks: Qualify for zero percent APR on balance transfers for 18 months, followed by a variable APR of 13.99 to 23.99 percent; 3 percent balance transfer fee (minimum $5) applies.
Why this card is best for big spenders: The Citi® Double Cash Card lets you earn 2 percent in cash rewards for each dollar you spend — 1 percent when you make a purchase and another 1 percent as you pay it off. There aren’t any caps or bonus categories to keep track of, so you can use this card to earn generous rewards on everything you buy.
Annual fee: $0
Best flexible rewards card for big spenders
Current bonus: Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel.
Cardholder perks: Receive a credit for Global Entry or TSA Precheck.
Why this card is best for big spenders: Use this card to earn an unlimited 2x miles for everything you buy with no limits and no categories to keep track of.
Annual fee: $95
Best business credit card for big spenders
Current bonus: The Ink Business Preferred Credit Card lets you earn 100,000 points when you sign up and spend $15,000 within three months of account opening.
Cardholder perks: Get employee cards at no additional charge and qualify for cell phone protection when you pay your phone bill with your credit card.
Why this card is best for big spenders: Once you sign up, you’ll earn 3x points on up to $150,000 spent on travel, shipping, select online advertising, and internet, cable and phone purchases each year. You’ll also earn 1x points on all other purchases. These rewards can add up quickly if your business spends a lot in bonus categories throughout the year.
Annual fee: $95
Best rewards card for dining and U.S. supermarkets
Current bonus: As a welcome offer for the American Express® Gold Card, you can earn 60,000 Membership Rewards points when you spend $4,000 on purchases within six months of account opening.
Cardholder perks: Get up to $120 in dining credits at select establishments each year, plus up to $100 in airline fee credits. (New and existing Gold Card members will only be able to continue to utilize the airline fee credit through December 31, 2021)
Why this card is best for big spenders: This card doles out 4x Membership Rewards points on dining worldwide and on up to $25,000 spent at U.S. supermarkets each year. You’ll also earn 3x points on flights booked with airlines or through AmexTravel.com and 1x points on all other purchases.
Annual fee: $250
Best hotel rewards for big spenders
The Hilton Honors Aspire Card from American Express
Current bonus: The Hilton Honors American Express Aspire Card lets you earn 150,000 Hilton Honors points when you spend $4,000 on purchases within three months of account opening.
Cardholder perks: Receive a free weekend night each year, up to $250 in Hilton resort credits, up to $250 in airline fee credits on one qualifying airline, a Priority Pass Select airport lounge membership, automatic Hilton Diamond elite status and more.
Why this card is best for big spenders: Beyond the huge initial welcome bonus, this card lets you earn 14x points on eligible Hilton purchases and 7x points on flights booked with airlines or AmexTravel.com, at U.S. restaurants and on car rentals booked with select car rental companies. You’ll also earn 3x points on all other purchases you make.
Annual fee: $450
The information about the Hilton Honors Aspire Card from American Express has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.
Rewards tips for big spenders
Big spenders can rack up more rewards and make the most of their credit card’s benefits if they’re strategic and self-disciplined. Before you start charging big expenses on a credit card, consider these tips.
- Never, ever carry a balance on your credit card. The top rewards and cash-back credit cards tend to have high ongoing variable APRs, meaning they’re a poor choice if you need to carry a balance. If your goal is earning rewards with a credit card, make sure you pay your bill in full each month so you never pay a dime in interest.
- Don’t overspend to earn more rewards. Also make sure you’re not spending more than you normally would in order to rack up more points. If you’re buying things you don’t need to maximize your rewards haul, you won’t end up ahead.
- Consider using a combination of cards to maximize rewards. If you spend a lot each year in several different categories, consider pairing a few cards in order to maximize your points in each. You could pick up one card that offers more rewards on travel and another card that offers superior rewards on dining and groceries, for example. Also consider picking up a card that offers more than the standard 1 percent back on regular purchases so you can use it for all non-bonus spending throughout the year.