In order to enjoy discounts on daily shopping, you can consider the best reward credit card designed for cardholders with higher credit scores. Credit card issuers usually offer cash back reward programs, which include special travel benefits, discounts on various services, and a large number of declared credits. Although benefits-focused cards may not always provide an introductory APR for purchases or balance transfers, you usually get some attractive registration bonus offers. Check out these four top cards and the types of rewards they provide.
- American Express Platinum
As a cash rewards credit card and a travel rewards credit card, this American Express card offers many benefits, far exceeding the annual fee of $695.
Offers include 5x points for air tickets and hotel stays, and 1x points for all other products. Then, you will get a lot of statement points for hotel and airline fees, streaming services, Walmart+, Uber, Equinox membership, TSA PreCheck, etc. Passengers can also get premium lounges, travel insurance, airline and hotel plans, car rental insurance, and the opportunity to enjoy special entertainment experiences.
You can earn 100,000 bonus points by spending $6,000 within six months after opening your account, and you can spend 10x points at certain restaurants. The interest rate ranges from 15.99% to 22.99%. You can also check other cash back credit cards, such as AMEX Blue Cash Preferred and Gold cards.
- Chase Sapphire Reserve Visa
Chase Sapphire Reserve offers more concessions than Chase Sapphire Preferred and Chase Freedom Unlimited, with an annual fee of US$550, which is particularly attractive to travelers.
With its own Chase Ultimate Rewards plan, the reward rate for restaurants, car rentals, and hotels is 10 times, and the flight reward rate is 5 times, plus the rewards redeemed by the platform. You can earn 3x points for shopping at other restaurants and travel, and 1x points for purchasing other eligible products at gas stations, grocery stores, and Amazon. There are 300 USD travel points per year, no foreign transaction fees, travel insurance and TSA PreCheck or global entry points.
After registering and spending $4,000 within 90 days, you can earn 50,000 bonus points. There is a variable APR from 16.99% to 23.99%.
- Capital One Ventures
As an upgraded version of the Venture Rewards credit card, Venture X provides advanced benefits for people with good credit, with an annual fee of US$395.
Consumption category awards include 10x mileage for car rentals and hotels, 5x mileage for flights, and 2x mileage for others; you need to use Capital One’s travel website to get 10x and 5x mileage discounts. You will receive an annual award of 10,000 miles, $300 in travel credits per year, and $200 in first-year vacation rental. Other benefits include airport security checkpoints, access to special airport lounges, premium entertainment experience, no date restrictions and mobile phone insurance.
Capital One provides 100,000 award miles and spends $10,000 in the first six months of holding the card. Credit card interest rates range from 16.99% to 23.99%.
- Bank of America Premium Rewards
The annual fee for the Bank of America Premium Reward Card is US$95, fixed-rate rewards for meals, travel, and daily expenses, as well as premium benefits.
Food and travel can earn 2x points, and other eligible purchases can earn 1.5 points. The redemption option stands out because you can even use your points for investment accounts as well as other options such as gift cards, bank account deposits or through travel partners. You can earn $100 in points to pay for airport security and airline expenses, as well as other benefits such as travel and vehicle protection, concierge services, luxury hotel reservation visits, and monthly FICO points.
Spend 3,000 USD within three months to receive a welcome bonus of 50,000 points. The interest rate is 15.99 to 22.99%.