Top 10 Points Rewards Credit Cards
Points rewards credit cards are a type of credit card that allows cardholders to earn points for every dollar they spend. These points can be redeemed for various rewards, such as travel, merchandise, gift cards, or statement credits.
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The value proposition of points rewards credit cards lies in their flexibility and potential for high-value redemptions. Cardholders can often accumulate points through regular purchases, as well as through bonus categories that offer higher earning rates for specific types of spending, such as dining, groceries, or travel. Some cards also provide sign-up bonuses, where new cardholders can earn a large number of points after meeting a minimum spending requirement within the first few months. Additionally, many points rewards cards come with perks like travel insurance, purchase protection, and access to exclusive events. However, these cards often carry annual fees and higher interest rates, so it’s crucial for users to weigh the benefits against the costs and ensure they can pay off their balances in full each month to truly maximize the rewards.
The Platinum Card® from American ExpressView AllThe Platinum Card® from American Express - Luxury travel rewards card with extensive perks and high fees.
Chase Sapphire Preferred® CardView AllChase Sapphire Preferred® Card - Travel rewards card with premium benefits and flexible points.
Chase Sapphire Reserve®View AllChase Sapphire Reserve® - Premium travel rewards card with extensive benefits and perks.
Capital One Venture Rewards Credit CardView AllCapital One Venture Rewards Credit Card - Travel rewards, unlimited miles, no foreign transaction fees.
Citi Premier® CardView AllCiti Premier® Card - Travel rewards card with versatile point-earning categories.
American Express® Gold CardView AllAmerican Express® Gold Card - Rewards points, dining perks, and travel benefits.
Wells Fargo Propel American Express® cardView AllWells Fargo Propel American Express® card - No annual fee, rewards on travel, dining, streaming.
Bank of America® Premium Rewards® credit cardView AllBank of America® Premium Rewards® credit card - Flexible rewards, travel perks, no foreign transaction fees.
Hilton Honors American Express Aspire CardView AllHilton Honors American Express Aspire Card - Elite hotel benefits, priority perks, high rewards.
Top 10 Points Rewards Credit Cards
1.
The Platinum Card® from American Express
The Platinum Card® from American Express is a premium travel rewards card offering a host of luxury benefits, including extensive airport lounge access, generous travel credits, and exclusive hotel perks. Cardholders earn Membership Rewards® points on purchases, with accelerated points on travel-related expenses. The card also provides elite status with select car rental and hotel loyalty programs, comprehensive travel insurance, and personalized concierge services. A substantial annual fee is offset by these high-end features and benefits.
Pros
Luxury travel perks- Extensive rewards program
- Airport lounge access
- High welcome bonus
- Concierge service.
Cons
High annual fee- Limited acceptance
- Complex rewards system
- Requires excellent credit
- Potential for overspending.
2.
Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card is a popular travel rewards credit card offering substantial benefits, including 2x points on travel and dining and 1x points on all other purchases. Points can be redeemed through Chase Ultimate Rewards® for travel, cash back, or gift cards. Cardholders receive a 25% points bonus when booking travel through Chase. The card also includes valuable perks like primary rental car insurance and no foreign transaction fees, making it ideal for frequent travelers.
Pros
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High rewards on travel and dining
Valuable sign-up bonus
No foreign transaction fees
Comprehensive travel insurance
Points transfer to travel partners
Cons
- Annual fee
Requires good credit
Limited lounge access
No intro APR offer
Rewards redemption complexity
3.
Chase Sapphire Reserve®
The Chase Sapphire Reserve® is a premium travel rewards credit card known for its generous benefits and flexibility. It offers 3x points on travel and dining, a $300 annual travel credit, and access to over 1,300 airport lounges worldwide through Priority Pass™ Select. Cardholders also enjoy perks like trip cancellation insurance, primary rental car insurance, and no foreign transaction fees. The card comes with a significant annual fee but provides substantial value for frequent travelers.
Pros
- Generous rewards
- Travel credits
- Airport lounge access
- Comprehensive travel insurance
- No foreign transaction fees.
Cons
- High annual fee
- Requires good credit
- Limited transfer partners
- High spending for max rewards
- Complex rewards system.
4.
Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card is a travel-focused credit card offering unlimited 2 miles per dollar on every purchase. It features a generous sign-up bonus and flexible redemption options, including travel expenses and transferring miles to airline and hotel partners. The card includes travel perks like no foreign transaction fees and travel insurance. With an annual fee of $95, it's ideal for frequent travelers seeking straightforward, valuable rewards.
Pros
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Unlimited 2x miles on every purchase
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No foreign transaction fees
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Flexible redemption options
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Generous sign-up bonus
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Travel benefits and protections.
Cons
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Annual fee after the first year
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High APR for some users
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Limited travel partners
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Requires good/excellent credit
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No introductory APR offer.
5.
Citi Premier® Card
The Citi Premier® Card is a versatile travel rewards credit card that offers 3X points on air travel, hotels, restaurants, supermarkets, and gas stations, and 1X points on all other purchases. With no foreign transaction fees and an annual fee of $95, the card provides valuable benefits for frequent travelers. It also offers a sign-up bonus of points after meeting a spending threshold within the first few months. Points can be redeemed for travel, gift cards, or transferred to airline partners.
Pros
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High rewards rate
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No foreign transaction fees
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Annual hotel savings benefit
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Wide acceptance
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Points transfer options.
Cons
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Annual fee
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Limited bonus categories
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Requires good credit
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No intro APR offer
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Rewards redemption complexity.
6.
American Express® Gold Card
The American Express® Gold Card is a premium charge card offering robust rewards, particularly for dining and supermarket purchases. Cardholders earn 4X Membership Rewards® points at restaurants and U.S. supermarkets (up to $25,000 annually). It also features 3X points on flights booked directly with airlines or via Amex Travel. Benefits include dining credits, travel protections, and no foreign transaction fees. With a stylish metal design, it's ideal for frequent travelers and food enthusiasts seeking valuable rewards and perks.
Pros
- High rewards on dining
- Generous grocery rewards
- No foreign transaction fees
- Annual dining credits
- Flexible redemption options.
Cons
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High annual fee
- Limited acceptance abroad
- Rewards categories capped
- Complex rewards system
- Requires good to excellent credit.
7.
Wells Fargo Propel American Express® card
The Wells Fargo Propel American Express® Card is a no-annual-fee rewards credit card offering 3x points on dining, travel, gas stations, rideshares, transit, and popular streaming services, plus 1x points on other purchases. It features a 20,000-point bonus after spending $1,000 in the first three months, and benefits include cell phone protection and no foreign transaction fees. Ideal for those seeking versatile rewards and robust benefits without an annual fee.
Pros
- No annual fee
- 3x points on dining/travel/gas
- cell phone protection
- intro APR on purchases
- no foreign transaction fees.
Cons
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Requires good credit
- limited Amex acceptance
- no travel transfer partners
- moderate rewards compared to premium cards
- high APR after intro.
8.
Bank of America® Premium Rewards® credit card
The Bank of America® Premium Rewards® credit card offers an array of benefits, including unlimited 2 points per $1 spent on travel and dining and 1.5 points per $1 on all other purchases. Cardholders enjoy up to $200 in annual travel statement credits, no foreign transaction fees, and a generous sign-up bonus. For Preferred Rewards members, the points boost can increase by 25% to 75%. Ideal for frequent travelers and those seeking versatile rewards.
Pros
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High rewards rate
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Travel credits
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No foreign transaction fees
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Competitive APR
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Luxury benefits.
Cons
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Annual fee
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Good to excellent credit required
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Limited reward categories
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Potentially high fees
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Rewards redemption limitations.
9.
Hilton Honors American Express Aspire Card
The Hilton Honors American Express Aspire Card is a premium travel rewards credit card designed for frequent Hilton hotel guests. It offers a range of luxurious benefits, including automatic Hilton Honors Diamond status, complimentary weekend night rewards, and up to $250 in annual Hilton resort credits. Cardholders earn substantial points on Hilton purchases, dining, and travel. Additional perks include priority airport lounge access and travel insurance, making it an ideal choice for luxury travelers. Note: It has a high annual fee.
Pros
- Complimentary Diamond status
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$250 annual Hilton resort credit
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Free weekend night reward
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Priority Pass lounge access
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High earning rate on Hilton purchases.
Cons
- $450 annual fee
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Limited value outside Hilton stays
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High APR
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No intro APR offer
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Requires excellent credit.