The world of credit cards has long been thought of as an extremely lucrative place of many opportunities for those brave enough to enter. The truth is, there is money to be made in the credit card rewards game. However, in order to cash in, users must first be able to decipher the coded fine print that often accompanies these glamorous cards. So, which credit cards have the best rewards for your money? For clarity, we’ve broken down these rewards by credit card uses.
Best Rewards for Travelers
Chase Sapphire Prefered
Credit cards have been a staple of the travel industry for some time. From hotels to airlines and even theme parks, everyone in the travel industry is issuing a card nowadays. If you’re looking to cash in your rewards for free airfare and hotel stays, the Chase Sapphire Preferred is the card for you! This card offers an intro offer of up to 60,000 bonus points. Users can earn 2 points for every dollar spent on dining and travel. Overall, the card is hailed by users for its flexibility and point redemption opportunity.
Best Rewards for Families
Blue Cash Preferred from American Express
This card is truly one of the most lucrative out there for cash back rewards. The card offers a $250 intro bonus as well as 6% cash back on supermarket purchases and streaming services, and 3% cash back on transit and gas stations. The card also offers a lengthy period of 0% APR for 12 months.
Best Rewards for Students
Discover It Student Cash Back
The Discover It Student Cash Back card has long been known as one of the best credit cards on the market for college students. The card features a variety of cash back options for students including 5% quarterly cash back programs that range from grocery stores to online shopping and more.
Best Rewards for Small Businesses
Chase Ink Business Preferred
The Chase Ink Business Preferred is one of the best cards for small businesses, with one of the most lucrative sign up bonuses across the credit card market. The bonus features 80,000 intro points, which is worth over $1,000. Users will also earn 3 points for every dollar spent on the card ( up to $150,000 spent) on travel, telecommunications, advertising, shipping, and more.
Best Rewards for Everyday Use
Citi Double Cash Card
If you’re looking for a versatile card that doesn’t conform to categories, then this one’s for you! This card allows 2% cash back on all purchases with unlimited 1% cash back plus an additional 1% once purchases are paid off. The card also boasts a long 0% intro APR period of 18 months.
These are just five of the many great credit cards currently on the market. It’s important to remember that credit cards come with their own risks and it’s always a good idea to read the fine print on all rewards and card perks in advance. However, for those that take the time to study the dynamics of credit card rewards, the benefits of that knowledge could be endless!