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18 best rewards credit cards of February 2023

Updated February 03, 2023

Rewards credit cards are a great way to make the most of your everyday expenses, allowing you to earn bonus miles, points or cash back on your purchases. While cash back is one of the simplest forms of rewards, miles or points may offer even more value for frequent travelers and shoppers.

These card offers from our partners carry some of the best rewards value and perks out there, with each issuer offering a variety of programs to suit your unique spending habits. Whether you need a flat-rate card to cover any purchase, a bonus or rotating category card for specialized spending or even a choice category card for ultimate flexibility, we’ll help you find the credit card that helps you reach your rewards goals.

Image of Wells Fargo Active Cash® Card

Best for flat-rate cash rewards

Wells Fargo Active Cash® Card

Apply now Lock
On Wells Fargo's secure site
Rating: 4.3 stars out of 5
4.3 Bankrate review
Info
See Rates & Fees

Intro offer

$200 cash rewards
Info

Annual fee

$0

Regular APR

19.24%, 24.24%, or 29.24% Variable APR

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Capital One SavorOne Cash Rewards Credit Card

Best for food and entertainment

Capital One SavorOne Cash Rewards Credit Card

Apply now Lock
On Capital One's secure site
Rating: 4.9 stars out of 5
4.9 Bankrate review
Info

Intro offer

$200
Info

Annual fee

$0

Regular APR

19.24% - 29.24% (Variable)

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Chase Sapphire Preferred® Card

Best starter travel card

Chase Sapphire Preferred® Card

Apply now Lock
On Chase's secure site
Rating: 5 stars out of 5
5.0 Bankrate review
Info

Intro offer

60,000 points
Info

Annual fee

$95

Regular APR

20.24% - 27.24% Variable

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Capital One Venture Rewards Credit Card

Best for for flat-rate travel rewards

Capital One Venture Rewards Credit Card

Apply now Lock
On Capital One's secure site
Rating: 4.9 stars out of 5
4.9 Bankrate review
Info

Intro offer

75,000 miles
Info

Annual fee

$95

Regular APR

20.24% - 28.24% (Variable)

Recommended credit

Good to Excellent (670 – 850)
Info
Image of The Platinum Card® from American Express
Apply now Lock
On American Express's secure site
Rating: 4.8 stars out of 5
4.8 Bankrate review
Info
See Rates & Fees , Terms Apply
See if you're pre‐approved for this card with Approval Odds

Intro offer

Earn 80,000 points
Info

Annual fee

$695

Regular APR

See Pay Over Time APR

Recommended credit

Good to Excellent (670 – 850)
Info
Image of American Express® Gold Card
Apply now Lock
On American Express's secure site
Rating: 5 stars out of 5
5.0 Bankrate review
Info
See Rates & Fees , Terms Apply
See if you're pre‐approved for this card with Approval Odds

Intro offer

60,000 points
Info

Annual fee

$250

Regular APR

20.49% - 27.49% Variable

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Discover it® Cash Back

Best for deal hunters

Discover it® Cash Back

Apply now Lock
On Discover's secure site
Rating: 4.4 stars out of 5
4.4 Bankrate review
Info
See Rates & Fees

Intro offer

Cashback Match™
Info

Annual fee

$0

Regular APR

16.24% - 27.24% Variable APR

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Wells Fargo Autograph℠ Card

BEST FOR EVERYDAY TRAVEL

Wells Fargo Autograph℠ Card

Apply now Lock
On Wells Fargo's secure site
Rating: 4 stars out of 5
4.0 Bankrate review
Info
See Rates & Fees

Intro offer

20,000 Points
Info

Annual fee

$0

Regular APR

19.24%, 24.24%, or 29.24% Variable APR

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Capital One Quicksilver Cash Rewards Credit Card
Apply now Lock
On Capital One's secure site
Rating: 3.8 stars out of 5
3.8 Bankrate review
Info

Intro offer

$200
Info

Annual fee

$0

Regular APR

19.24% - 29.24% (Variable)

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Citi Premier® Card

Best for occasional travel

Citi Premier® Card

Apply now Lock
On Citi's secure site
Rating: 4.7 stars out of 5
4.7 Bankrate review
Info

Intro offer

60,000 points
Info

Annual fee

$95

Regular APR

20.24% - 28.24% (Variable)

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Bilt Mastercard®

BEST FOR PAYING RENT

Bilt Mastercard®

Apply now Lock
On Wells Fargo's secure site
Rating: 4 stars out of 5
4.0 Bankrate review
Info
See Rates & Fees

Intro offer

N/A

Annual fee

None

Regular APR

See Terms

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Capital One VentureOne Rewards Credit Card

Best no annual fee travel card

Capital One VentureOne Rewards Credit Card

Apply now Lock
On Capital One's secure site
Rating: 4.5 stars out of 5
4.5 Bankrate review
Info

Intro offer

20,000 miles
Info

Annual fee

$0

Regular APR

19.24% - 29.24% (Variable)

Recommended credit

Good to Excellent (670 – 850)
Info
Image of My GM Rewards Card™

BEST FOR GM PAYMENTS & LEASES

My GM Rewards Card™

Apply now Lock
On Goldman Sachs Bank USA's secure site
Rating: 3.9 stars out of 5
3.9 Bankrate review
Info
See Rates & Fees

Intro offer

15,000 points
Info

Annual fee

$0*

Regular APR

19.24% to 29.24% variable purchase APR based on creditworthiness. Rates as of 1/1/2023

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Blue Cash Preferred® Card from American Express
Apply now Lock
On American Express's secure site
Rating: 4.4 stars out of 5
4.4 Bankrate review
Info
See Rates & Fees , Terms Apply
See if you're pre‐approved for this card with Approval Odds

Intro offer

$250
Info

Annual fee

$0 intro annual fee for the first year, then $95.

Regular APR

18.49%-29.49% Variable

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Citi Custom Cash℠ Card
Apply now Lock
On Citi's secure site
Rating: 4.4 stars out of 5
4.4 Bankrate review
Info

Intro offer

$200
Info

Annual fee

$0

Regular APR

18.24% - 28.24% (Variable)

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Bank of America® Premium Rewards® credit card
Apply now Lock
On Bank of America's secure site
Rating: 4.1 stars out of 5
4.1 Bankrate review
Info

Intro offer

50,000 points
Info

Annual fee

$95

Regular APR

20.24% - 27.24% Variable APR on purchases and balance transfers

Recommended credit

Good to Excellent (670 – 850)
Info
Image of Capital One Venture X Rewards Credit Card

Best for affordable travel perks

Capital One Venture X Rewards Credit Card

Apply now Lock
On Capital One's secure site
Rating: 5 stars out of 5
5.0 Bankrate review
Info

Intro offer

75,000 miles
Info

Annual fee

$395

Regular APR

21.24% - 28.24% (Variable)

Recommended credit

Excellent (740 – 850)
Info
Image of Chase Sapphire Reserve®

Best rewards value

Chase Sapphire Reserve®

Apply now Lock
On Chase's secure site
Rating: 5 stars out of 5
5.0 Bankrate review
Info

Intro offer

60,000 points
Info

Annual fee

$550

Regular APR

21.24% - 28.24% Variable

Recommended credit

Excellent (740 – 850)
Info

Compare Bankrate’s top rewards credit cards

Card name Our pick for Rewards highlights Annual fee Bankrate review score
Wells Fargo Active Cash Card Flat-rate cash rewards
  • 2% cash rewards on purchases
$0 4.3 / 5
(Read full card review)
Capital One SavorOne Cash Rewards Credit Card Food and entertainment
  • 10% cash back on Uber rides and Uber Eats orders (through Nov. 14, 2024)
  • 8% cash back on Capital One Entertainment purchases
  • 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply)
  • 3% cash back on dining, entertainment, popular streaming services and grocery store purchases (excluding superstores like Walmart® and Target®)
$0 4.9 / 5
(Read full card review)
Chase Sapphire Preferred Card Starter travel card
  • 5X points on Chase Ultimate Rewards travel and Lyft rides (Lyft offer through March 31, 2025)
  • 3X points on dining (including eligible delivery services), select streaming services and online grocery purchases (excluding Walmart, Target and wholesale clubs)
  • 2X points on all other travel purchases
  • 25% increased redemption value toward travel through Chase Ultimate Rewards

Bankrate’s rewards value: 2 cents per point*
$95 5.0 / 5
(Read full card review)
Capital One Venture Rewards Credit Card Flat-rate travel rewards
  • 5X miles on hotels and rental cars booked through Capital One Travel, and on Turo rental cars (Turo offer through May 16, 2023)
  • 2X miles on every purchase

Bankrate’s rewards value: 2 cents per mile*
$95 4.9 / 5
(Read full card review)
The Platinum Card from American Express Luxury travel
  • 5X points on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (on up to $500,000 spent per calendar year)
  • 2X points on prepaid car rentals through American Express Travel
  • 1X points on all other purchases

Bankrate’s rewards value: 2.1 cents per point*

$695 4.8 / 5
(Read full card review)
American Express Gold Card
Foodies
  • 4X points on restaurants, eligible delivery service and U.S. supermarket purchases (supermarket rate on up to $25,000 of purchases per year, then 1X points)
  • 3X points on flights booked directly with airlines or via American Express Travel

Bankrate’s rewards value: 2.1 cents per point*

$250 5.0 / 5
(Read full card review)
Discover it Cash Back Deal hunters
  • 5% cash back on rotating bonus categories (on up to $1,500 in combined purchases per quarter, then 1%. Activation required)
  • Discover Cashback Match™: Matches all cash back earned in the first 12 months, essentially doubling first-year rewards
$0 4.4 / 5
(Read full card review)
Wells Fargo Autograph Card Everyday travel
  • 3X points on restaurant, travel, transit, gas station, phone plan and popular streaming service purchases
  • 1X points on all other purchases

Bankrate’s rewards value: 1 cent per point*
$0 4.0 / 5
(Read full card review)
Capital One Quicksilver Cash Rewards Credit Card Starter rewards
  • 5% cash back on hotels and rental cars booked through Capital One Travel
  • 1.5% cash back on all purchases
$0 3.8 / 5
(Read full card review)
Citi Premier Card Occasional travel
  • 3X points on restaurant, supermarket, gas station, hotel and air travel purchases

Bankrate’s rewards value: 1.9 cents per point*

$95 4.7 / 5
(Read full card review)
Bilt Mastercard Paying rent
  • 3X points on dining
  • 2X points on travel
  • 1X points on rent payments (up to a maximum 50,000 points per year) and other purchases

(Bilt Rent Day doubles all rewards rates on the first day of each month for 2X points to 6X points on non-rent purchases, up to 10,000 points.)

$0 4.0 / 5
(Read full card review)
Capital One VentureOne Rewards Credit Card No annual fee travel card
  • 5X miles on hotels and rental cars booked through Capital One Travel
  • 1.25X miles on all other purchases

Bankrate’s rewards value: 2 cents per mile*

$0 4.5 / 5
(Read full card review)
My GM Rewards Card GM payments and leases
  • 7X points on eligible GM purchases
  • 4X points on all other purchases

Baseline rewards value: 1 cent per point (toward eligible GM purchases)

$0 3.9 / 5
(Read full card review)
Blue Cash Preferred Card from American Express Groceries
  • 6% cash back on select U.S. streaming subscriptions and at U.S. supermarkets (up to $6,000 per year in supermarket purchases, then 1%)
  • 3% cash back on U.S. gas station and transit purchases
$95 ($0 intro annual fee for the first year) 4.4 / 5
(Read full card review)
Citi Custom Cash Card Gas
  • 5% cash back on purchases on the top eligible spend category each billing cycle (up to the first $500 spent each cycle, 1% cash back thereafter)
  • 1% cash back on all other purchases
$0 4.4 / 5
(Read full card review)
Bank of America Premium Rewards credit card Savers
  • 2X points on travel and dining
  • 1.5X points on all other purchases

Bankrate’s rewards value: 1 cent per point*

(Bank of America Preferred Rewards members can receive boosted rates of up to 3.5X points on travel and dining, and 2.62X points on all other purchases)

$95 4.1 / 5
(Read full card review)
Capital One Venture X Rewards Credit Card
Affordable travel perks
  • 10X miles on hotels and rental cars booked through Capital One Travel,, and on Turo rental cars (Turo offer through May 16, 2023)
  • 5X miles on flights booked through Capital One Travel
  • 2X miles on all other purchases

Bankrate’s rewards value: 2 cents per mile*

$395 5.0 / 5
(Read full card review)
Chase Sapphire Reserve
Rewards value
  • 10X points on hotels, car rentals and Chase Dining purchases via Chase Ultimate Rewards, and on Lyft rides (Lyft offer through March 31, 2025)
  • 5X points on air travel via Chase Ultimate Rewards
  • 3X points on dining and other travel
  • 50% increased redemption value toward travel through Chase Ultimate Rewards

Bankrate’s rewards value: 2 cents per point*

(Points on travel purchases only earned after the first $300, which is covered by the annual travel credit)

$550 5.0 / 5
(Read full card review)

*Bankrate’s points and miles valuations are based on an average of the issuer’s five highest-value transfer partners (if available).

A closer look at our top-rated rewards credit cards

Wells Fargo Active Cash Card: Best for flat-rate cash rewards

  • What we love about the Wells Fargo Active Cash Card: It’s perhaps the first time we’ve seen unlimited 2 percent cash rewards on purchases without additional hoops to jump through to earn the full rewards rate. And unlike a number of other flat-rate cards, the Wells Fargo Active Cash Card comes with features like a solid intro APR and a welcome offer.
  • Who this card is good for: Cash rewards seekers who prefer a simple, valuable earning structure — especially big spenders and those with purchases that fall outside typical bonus categories.
  • Alternatives: The Citi® Double Cash Card may be a better option if you’re looking for a flat-rate card with an intro APR balance transfer offer. Meanwhile, the Bank of America® Unlimited Cash Rewards credit card (if you’re a Bank of America Preferred Rewards member) or Chase Freedom Unlimited® (due to its additional 3 percent cash back categories) have the potential to be more valuable for some cardholders.

Learn moreIs the Wells Fargo Active Cash worth it?
Read our Wells Fargo Active Cash Card review or jump back to offer details.

Capital One SavorOne Cash Rewards Credit Card: Best for food and entertainment

  • What we love about the Capital One SavorOne card: Entertainment rewards are hard to come by, but the most impressive benefit is the SavorOne’s incredible bonus category coverage — especially for frequent diners. Its list of rewards-eligible locations is already broad, but its supporting categories mean you’ll earn 3 percent cash back on dining and entertainment purchases that generally don’t earn rewards, like select streaming services and meals at grocery store food courts, tourist attractions, movie theaters, amusement parks, sporting events and more.
  • Who this card is good for: On-the-go foodies and thrill-seekers that want an all-in-one everyday rewards option to feed their next experience.
  • Alternatives: If you don’t spend much at the grocery store or on entertainment but want a no-annual-fee card to use for most purchases, then the Chase Freedom Unlimited may a better option. Its unique rewards structure offers plenty of chances to earn cash back, thanks to multiple bonus categories (including unlimited 3 percent cash back on dining) and a 1.5 percent flat rate for all other eligible purchases.

Learn moreWhy expert Ana Cvetkovic loves the Capital One SavorOne
Read our Capital One SavorOne Cash Rewards card review or jump back to offer details.

Chase Sapphire Preferred Card: Best starter travel card

  • What we love about the Chase Sapphire Preferred Card: Its incredible travel protections and generous rewards rates for both travel and everyday purchases clock in above what you’d expect given its low annual fee. Plus, its generous sign-up bonus, high point value and stellar transfer partners make this card a stand-out option if you’re looking for a starter travel card with great short- and long-term value.
  • Who this card is good for: Occasional-to-frequent travelers who want great value without the annual fee of a luxury travel card — especially if they plan on getting more Chase rewards cards in the future.
  • Alternatives: The Citi Premier® Card could be a worthwhile second choice if you want to earn rewards in a wider range of categories (like gas). A flat-rate travel card like the Capital One Venture Rewards Credit Card could also make it easier to earn miles on purchases that fall outside of typical travel card bonus categories.

Learn more: Why expert Jordan Bishop loves the Chase Sapphire Preferred
Read our Chase Sapphire Preferred Card review or jump back to offer details.

Capital One Venture Rewards Credit Card: Best for flat-rate travel rewards

  • What we love about the Capital One Venture card: The flat-rate 2X miles on purchases allows you to earn travel miles without traveling, a great perk for anyone who travels infrequently or spends more on non-travel related expenses. Plus, its flexible redemption portal and ability to redeem rewards for statement credits toward travel purchases already made in the past 90 days go the extra mile toward a streamlined rewards experience many travel cards can’t boast.
  • Who this card is good for: Simplicity-seekers and domestic spenders who want to earn a respectable travel mile rewards rate on purchases that aren’t travel-related. The Venture card is one of the best options if you don’t want to deal with bonus categories and the redemption complexities many travel cards pose.
  • Alternatives: If you don’t want to pay an annual fee and don’t mind the limited features, the Capital One VentureOne Rewards Credit Card may be a better deal. But if you’re looking for luxury perks like lounge access and annual credits, the Capital One Venture X Rewards Credit Card and its bonus features can help offset its annual fee easier than you can with the Venture (despite being $395). However, the Chase Sapphire Preferred may offer better rewards value and travel perks than the Venture if you want to stick with a $95 annual fee.

Learn more: Why expert Jacqueline DeMarco loves the Capital One Venture
Read our Capital One Venture Rewards card review or jump back to offer details.

The Platinum Card from American Express: Best for luxury travel

  • What we love about The Platinum Card: While being one of the most expensive rewards cards on the market (posing a $695 annual fee), its wealth of travel and shopping protections, assorted credits and airport and hotel perks can offer thousands of dollars in value. If you spend a lot of time jet-setting and can take advantage of many of the card’s features, the Amex Platinum is worth it as one of the best travel cards available.
  • Who this card is good for: Luxury-minded travelers who can leverage the card’s deep roster of yearly credits, airport lounge access, shopping perks and airline and hotel privileges.
  • Alternatives: Several of the Platinum Card’s perks may be difficult for cardholders to take advantage of, making it harder to offset the annual fee. Travelers may have an easier time justifying the annual fee of the Chase Sapphire Reserve card thanks to its high-value rewards and more practical perks and credits. But casual travelers who care more about seeing the sights than traveling in style may prefer the Capital One Venture X card.

Learn moreWhy expert Holly Johnson loves the Amex Platinum Card
Read our Platinum Card from American Express review or jump back to offer details.

American Express Gold Card: Best for foodies

  • What we love about the American Express Gold Card: When deciding on a dining rewards card, you sometimes have to pick a favorite: eating at restaurants or cooking at home. Fortunately, the Amex Gold offers stellar travel rewards on both dining and U.S. supermarket purchases. The card also features a stellar list of Amex travel partners and enough food-related annual credits to nearly offset the $250 annual fee.
  • Who this card is good for: Foodies who want to stockpile travel rewards.
  • Alternatives: The Amex Platinum and the Chase Sapphire Reserve® are smart picks if you’re itching for more than dining rewards since both offer better travel rewards, perks and protections. On the other hand, the Capital One SavorOne or Chase Sapphire Preferred could be a better fit if you want excellent dining and grocery rewards without a $250+ annual fee.

Learn moreWhy expert Matt Bundrick loves the Amex Gold
Read our American Express Gold Card review or jump back to offer details.

Discover it Cash Back: Best for deal hunters

  • What we love about the Discover it Cash Back cardThis card offers a lot to love with its market-low rates and fees, award-winning customer service and a valuable first-year cash back match welcome offer to supplement its rotating rewards. Plus, Discover’s cash back calendar is packed with essential everyday categories, so deal hunters will get plenty of opportunities to rake in rewards.
  • Who this card is good for: People who like the excitement of changing bonus categories and can take advantage of its cycling categories for seasonal expenses should get the Discover it Cash Back.
  • Alternatives: If you’re looking to maximize your seasonal spending rewards, you may get more value from the Chase Freedom Flex℠ thanks to its year-round 3 percent dining and drugstore categories, which can give you more cash back to lean on if a quarterly category doesn’t align with your spending.

Learn more: Why expert Nicole Dieker loves the Discover it Cash Back
Read our Discover it Cash Back review or jump back to offer details.

Wells Fargo Autograph Credit Card: Best for everyday travel

  • What we love about the Wells Fargo Autograph℠ Card: It offers a terrific mix of practical everyday rewards categories — especially for occasional travelers and commuters. While you can earn rewards in individual categories like gas stations, dining and travel on other cards, it’s rare to find this many high-value categories on a single no-annual-fee card.
  • Who this card is good for: Commuters, families and occasional travelers can squeeze a lot of value out of this card thanks to its broad category coverage – including general travel, gas station purchases and transit – and $0 annual fee.
  • Alternatives: Despite its modest annual fee ($0 intro fee for the first year, then $95), the Blue Cash Preferred® Card from American Express could be an even more rewarding option thanks to its best-in-class cash back rate on U.S. supermarket purchases. You’ll earn 6 percent back on your first $6,000 in spending in this category per year (1 percent after that), as well as bonus rewards in many of the same categories as the Autograph card, including U.S. gas station purchases, U.S. streaming subscriptions and transit.

Learn more: Is the Wells Fargo Autograph worth it?
Read our Wells Fargo Autograph card review or jump back to offer details.

Capital One Quicksilver Cash Rewards Credit Card: Best starter rewards card

  • What we love about the Capital One Quicksilver card: This card is a solid choice if you’re looking for a no-hassle rewards card with solid protections and decent intro APR offers on purchases and balance transfers. New cardholders that prioritize a simple, easygoing rewards experience can also choose to have their cash back redeem automatically at a set yearly date or rewards balance threshold.
  • Who this card is good for: Cardholders learning the rewards ropes and anyone else who wants solid flat-rate rewards while avoiding the effort of chasing specific bonus categories and enrollment dates — or even using the redemption portal regularly.
  • Alternatives: A few flat-rate cards easily outperform the Quicksilver’s 1.5 percent rewards rate, such as the Wells Fargo Active Cash (with its unlimited 2 percent flat-rate cash rewards) and the Chase Freedom Unlimited (offering 3 percent dining and drugstore cash back on top of a flat-rate 1.5 percent).

Learn more: Why expert Nicole Dieker loves the Capital One Quicksilver
Read our Capital One Quicksilver Cash Rewards card review or jump back to offer details.

Citi Premier Card: Best for occasional travel

  • What we love about the Citi Premier Card: It’s a handy catch-all travel card for travelers that spend a bit more time at home and on the road than abroad. Not only does its valuable spread of bonus categories and hotel benefits more than make up for the $95 annual fee, but it also pairs incredibly well with other Citi rewards cards, which will appeal to rewards strategists who want to maximize their earning potential.
  • Who this card is good for: Occasional travelers who can rake in more rewards from everyday expenses like food and gas may be the prime Citi Premier cardholders.
  • Alternatives: The Chase Sapphire Preferred card’s stronger travel features or the Blue Cash Preferred card’s higher rewards rates may make them better choices for a rewards card with an annual fee.

Learn more: Why expert Erin Gobler loves the Citi Premier
Read our Citi Premier Card review or jump back to offer details.

Bilt Mastercard: Best for paying rent

  • What we love about the Bilt Mastercard: There’s simply no card like it — it’s the only card that lets you earn rewards and avoid fees when you pay rent. Even if your landlord only accepts checks, you can still pay through the Bilt app, earn rewards and avoid fees. Plus, the card offers a long list of high-value travel partners, giving your rewards tremendous redemption potential.
  • Who this card is good for: Anyone looking for a way to earn rewards and avoid fees when paying rent with a credit card. Since it lacks a cash back redemption option, the card is an especially good fit if you plan to redeem points to cover rent, for a future home down payment or for travel.
  • Alternatives: Since this card only earns 1X points on rent and only offers a high redemption value on travel, it may not be the most lucrative option overall. If you care more about everyday savings than travel rewards, a no-annual-fee cash back card like the Capital One SavorOne Cash Rewards Credit Card may be a better fit thanks to its wider variety of bonus categories, including grocery stores, dining, entertainment and more. On the other hand, a flat-rate card like the Wells Fargo Active Cash could be more rewarding for rent payments since it’ll earn 2 percent back on all purchases, including utilities and other expenses.
Read our full Bilt Mastercard review or jump back to offer details.
 

Capital One VentureOne Rewards Credit Card: Best no annual fee travel card

  • What we love about the Capital One VentureOne Rewards card: Earning quality travel rewards like Capital One Miles for no annual fee isn’t a common opportunity. Although you only earn 1.25X miles on purchases other than Capital One Travel hotel and rental car bookings, its intro APR periods and relatively low fees give occasional travelers enough advantages to enjoy a simplified rewards experience. Enterprising travelers can wring even more value out by dipping into Capital One’s great transfer partners and reduced airport lounge rates.
  • Who this card is good for: Beginning travelers and cardholders that want a simple, brass-tacks travel rewards experience at minimal cost may find the VentureOne worthwhile.
  • Alternatives: Cardholders that are happy sacrificing basic travel perks and transfer partners for a better rewards rate will find the Discover it® Miles card and Bank of America® Travel Rewards credit card promising alternatives. Both have lower rates and fees, plus 1.5X reward rates on all purchases that can be redeemed for travel purchase statement credits with a greater degree of flexibility.

Learn more: 7 reasons to get the Capital One VentureOne Rewards Card
Read our Capital One VentureOne Rewards card review or jump back to offer details.

My GM Rewards Card: Best for GM payments and leases

  • What we love about the My GM Rewards Card: It offers a staggeringly-high rewards rate on both GM purchases and general purchases, which should make it very easy to rack up points toward a new or used GM car. In fact, the card’s base rewards rate is perhaps the highest available on a no-annual-fee card. Plus, the card comes with up to $100 in annual fuel statement credits on $1,500 of fuel purchases at eligible gas stations  — a better return on spend than most gas rewards cards offer.
  • Who this card is good for: Current and aspiring GM car owners and lessees will benefit most from this card’s elevated rewards rates and redemption options. You’ll also squeeze more value out of the card if you visit a GM dealership for car parts, service and maintenance.
  • Alternatives: If you’re looking to earn rewards on auto-related expenses, but don’t want to commit to redeeming rewards with GM, the Upgrade Triple Cash Rewards Visa® card is a good alternative. It also carries no annual fee and offers unlimited 3 percent cash back on home, auto and health expenses, including everything from car washes to auto parts, repairs and towing services.

Learn moreHow to buy a car with a credit card
Read our full My GM Rewards Card review or jump back to offer details.

Blue Cash Preferred Card from American Express: Best for groceries

  • What we love about the Blue Cash Preferred Card: This is perhaps the most rewarding card for groceries — especially if you want consistent, year-round cash back. Sure, you can find other cards that reward you for grocery purchases, but the elevated rates for other everyday expenses like transit, select U.S. streaming services and U.S. gas station purchases make it a more well-rounded card for a variety of cardholders’ household budgets.
  • Who this card is good for: Families and households with large grocery and gas station bills. Commuters may also maximize the Blue Cash Preferred thanks to its comprehensive transit category that includes parking, rideshares, tolls, and train tickets.
  • Alternatives: This card doesn’t earn boosted rewards at superstores (like Target and Walmart) or wholesale clubs (like Costco or Sam’s Club). Depending on where you like to shop, a flat-rate card like the Wells Fargo Active Cash Card could provide better value. And if the annual fee is a deal-breaker, the Blue Cash Everyday® Card from American Express or the Bank of America® Customized Cash Rewards credit card may be a better fit for smaller budgets.

Learn moreWhy expert Ted Rossman loves the Blue Cash Preferred
Read our Blue Cash Preferred Card from American Express review or jump back to offer details.

Citi Custom Cash Card: Best for gas

  • What we love about the Citi Custom Cash Card: Few rewards cards offer a bonus category that automatically adapts to your spending. Just as few provide the opportunity to earn top-shelf 5 percent cash back on one of 10 categories, including popular picks like gas and grocery stores and less common reward opportunities like fitness clubs and live entertainment. Since it earns 5 percent back on the first $500 of your top eligible spending category (then 1 percent back), the Citi Custom Cash is a remarkable partner card to fill up your gas tank and reward gaps.
  • Who this card is good for: Frequent drivers and rewards strategists who don’t mind juggling multiple credit cards to maximize their earning potential. Since it only earns bonus cash back in one eligible category (up to the first $500 spent per billing cycle) and one percent on all other purchases, it’s a great fit for someone who will only use it on purchases that fall into one eligible category.
  • Alternatives: For many cardholders with varied expenses, this card’s structure may mean missing a lot of rewards. Although neither card offers automatic bonus categories, both the Bank of America Customized Cash card and the U.S. Bank Cash+® Visa Signature® card could be a good fit for rewards seekers looking for a standalone rewards card. These cards not only let you choose your own bonus categories from a wide selection, but also earn bonus rewards in more than one category.

Learn moreIs the Citi Custom Cash worth it?
Read our Citi Custom Cash Card review or jump back to offer details.

Bank of America Premium Rewards credit card: Best for savers

  • What we love about the Bank of America Premium Rewards card: Bank of America’s Preferred Rewards program can boost dedicated savings account builders’ rewards rates by 25 percent to 75 percent, bestowing possibly the best rewards rate for general purchases available. What’s more, infrequent flyers can use their points for cash back without losing value, and the up to $100 in annual airline incidentals credits can make up for the annual fee.
  • Who this card is good for: Bank of America account holders with above-average savings account balances — or at least travelers that enjoy in-flight commodities.
  • Alternatives: Without at least Platinum Preferred Rewards status, other cards can earn more overall value for the same annual fee. The Citi Premier card or Chase Sapphire Preferred may be more lucrative in this case.

Learn more: Why expert Sara Coleman loves the Bank of America Premium Rewards
Read our Bank of America Premium Rewards card review or jump back to offer details.

Capital One Venture X Rewards Credit Card: Best for affordable travel perks

  • What we love about the Capital One Venture X card: Despite a 2X-mile flat rewards rate that matches the standard Venture card’s — and a much higher $395 fee — its Priority Pass Select membership, annual bonus miles and yearly travel credits alone could offset the annual fee and make the Venture X easier to justify. All these perks and boosted rewards rates for Capital One Travel combine to make it the make the Venture X worth it for moderate and frequent travelers alike.
  • Who this card is good for: Travelers who want complimentary lounge access and other benefits that typically come with luxury travel rewards cards without having to spend upwards of $500. Considering how bloated elite travel cards have become, the Venture X trims the fat for cardholders just interested in practical travel perks above the $95 annual fee-tier.
  • Alternatives: Cardholders that aren’t convinced they’ll be able to take full advantage of the Venture X’s features may have more luck downsizing to a $95 annual fee-tier travel rewards card. The standard Venture card has an equal 2X flat rate that is a good fit for travelers looking for an easy way to earn travel miles, while the Chase Sapphire Preferred lets you rack up points in bonus categories that go beyond travel, which can then be redeemed for a higher value than typically found with travel cards.

Learn more: Why expert Ana Staples wants the Capital One Venture X
Read our Capital One Venture X Rewards card review or jump back to offer details.

Chase Sapphire Reserve: Best rewards value

  • What we love about the Chase Sapphire Reserve card: Its travel and dining rewards are some of the most valuable we’ve found (along with the rewards rates, if you book through Chase Ultimate Rewards) thanks to its stellar transfer partners and 1.5 percent point value boost when redeemed for travel through the Chase portal. Fortunately, these rewards can go straight into your next trip rather than toward the annual fee, courtesy of the card’s first-class benefits like the $300 annual travel credit (which is more versatile than competitors’), comprehensive travel insurance and airport perks.
  • Who this card is good for: Frequent travelers aiming to maximize their rewards’ value from travel and dining purchases, Chase card combinations or Ultimate Rewards redemption options.
  • AlternativesThe Platinum Card® from American Express provides even more annual credits and luxury privileges, including better airport lounge access. Meanwhile, the Chase Sapphire Preferred or Capital One Venture X cards are more cost-effective Sapphire Reserve alternatives that can help you earn rewards at a higher rate on everyday expenses, instead of just travel.

Learn moreWhy expert Holly Johnson loves the Chase Sapphire Reserve
Read our Chase Sapphire Reserve card review or jump back to offer details.


What is a rewards credit card?

Rewards credit cards accumulate points, miles or cash back for purchases. As the name implies, for every dollar spent, issuers credit your account with rewards. These rewards can be earned at a flat rate — like unlimited 1 percent cash back on all purchases — or offer a higher rate for certain categories, like earning 5 points for every dollar spent on travel-related purchases.

Depending on the issuer, some of the best credit cards for rewards offer distinct rewards programs and redemption rules. However, understanding the issuer’s credit card rewards program can help you take advantage of all the perks and benefits it offers.

In the News: How the credit card rewards game will change in 2023

 

Types of rewards credit cards

Navigating all the rewards card options available to you can be difficult. That’s why we broke out some of the most common types of rewards credit cards, along with more detailed recommendations from our team on the best cards in each category.

Pros and cons of rewards credit cards

A rewards card can be a great way to earn lucrative points, miles or cash back for the purchases you're already making. However, there are some downsides to be aware of before applying. If you're wondering whether rewards credit cards are worth it, here are a few pros and cons to keep in mind when shopping for your next rewards card:

Pros

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    Rewards: We know it’s a given, but the main pro of these cards is the value of getting rewards on your everyday purchases.

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    Sign-up bonuses: Rewards cards often come with generous sign-on bonuses (extra points or miles for spending a certain amount of money in a set time period, usually your first three months), especially when compared to other types of credit cards.

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    Additional benefits: Depending on the card and issuer, you could unlock access to additional bonuses and benefits, like airport lounge access, hotel upgrades, and certain travel or shopping protections.

Cons

  • Rewards caps: Some cards carry earning caps, which limit the amount of points or miles you can earn. This factor can reduce the value of the card, especially if there’s an annual fee.

  • Higher APRs: Rewards credit cards tend to carry higher interest rates. As such, they’re not a great fit for people who tend to carry a balance from time to time.

  • Higher annual fees: The more generous the rewards system, the higher the annual fee. Unless you maximize your rewards earnings, it can be hard to outweigh the cost of the annual fee.

Who should get a rewards credit card?

The world of rewards credit cards can be confusing to newcomers. If you’re deciding when to take the plunge and acquire a rewards card, aligning your new card with some of your goals is a great way to determine if the card is right for you. Here are a few people who can benefit the most from rewards credit cards:

Still unsure if a rewards credit card is right for you? Check out our Credit Card Spender Type Tool for personalized recommendations based on your credit score, spending habits and daily needs.

What are credit card points or miles worth?

To find out if a rewards card is worth it for you, you’ll need to do some quick math. The easiest way to calculate the value of your rewards points is to divide the cash value of what you’re redeeming your points for by the number of points required to redeem it. For example if you redeem your points for a plane ticket that would normally cost $700 and you need 70,000 points, your credit card rewards are worth 1 cent apiece.

$700 (cost of ticket) / 70,000 (points needed) = 1 cent (value of reward point)

With some rewards credit cards, the value of your points change based on what you redeem them for. For instance, some points redeemed for cash back are worth less than if you redeemed them for travel.

Using Bankrate’s latest point and mile valuations

To make it easier to gauge the right rewards card for the job, we’ve already crunched the numbers for you. Our up-to-date list of point and mile values gives you a sense of how much the most popular airline and hotel rewards are worth on average. For general travel rewards programs, such as those offered by Chase and Capital One, we’ve also estimated how much your rewards are worth when you redeem through the issuer or transfer to a high-value airline or hotel travel partner.

For example, if you have a Capital One Venture card and want to book a flight with Air Canada, you can use our valuations to determine whether you should redeem your Capital One miles through the issuer’s portal or transfer them to the Air Canada rewards program.

Capital One miles can be transferred to Air Canada at a 1:1 ratio and we estimate you can get an average value of 1.2 cents per point with Air Canada Aeroplan points. That’s more than the 1-cent-per-point value you’d get by redeeming through Capital One, so a transfer would make sense in this scenario.

Reward option Estimate point/mile value Estimated value of 50,000 points/miles
Air Canada Aeroplan points 1.2 cents $600
Capital One Miles
(via Capital One Travel)
1 cent $500

Cases like this are common, so it always pays to research how much your hard-earned rewards will be worth before you redeem them.

How to maximize your rewards