Interested on signing up for a rewards credit card, but don’t know where to start? We’ve got your back here at HustlerMoneyBlog!
Nowadays, most credit cards offers some type of rewards just for using it whether it’s earning points and miles, hotel, and cash back! It can get a little overwhelming at first since not all rewards are created equal.
So how do you choose a rewards credit card? It all depends on your lifestyle and what you’re going to use it for! Continue reading below to see which rewards suits you the most!
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If you’re a business owner, consider signing up for a business credit card! This well help your business get access to the credit it might need to help fund any purchases while also managing any spendings and help save money or earn rewards over time!
Most of the best business credit cards have rewards, sign-up bonuses and generous benefits. You can see which cards are available for your business needs below!
Company Rewards Cards to Consider
The Chase Ink Business Preferred Card offers 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,250 toward travel when redeemed through Chase Ultimate Rewards®.
You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards.
This card does come with a $95 annual fee but does not have any foreign transaction fees.
The Ink Business Unlimited Credit Card offers $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.
You'll earn an unlimited 1.5% cash back on every purchase made for your business and you'll receive employee cards at no additional cost.
This card carries no annual fee and you'll have the opportunity to take advantage of a 0% introductory APR for 12 months on purchases
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The Delta SkyMiles® Platinum Business American Express Card offers 60,000 bonus miles, 5,000 Medallion Qualification Miles (MQMs), and a $100 statement credit after spending $3,000 in purchases on your new Card in your first 3 months.
You'll earn 3X miles on every dollar spend on eligible purchases made directly with Delta and on every eligible dollar spent on purchases made directly with hotels; 1.5X miles per dollar on single eligible purchases of $5,000 or more (that's an extra half mile per dollar), up to 50,000 additional miles per year; & 1X mile on every eligible dollar spent on other purchases.
This card does carry a $250 annual fee. (See Rates & Fees).
The Business Green Rewards Card from American Express comes with a limited time offers 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases with the Business Green Rewards Card within the first 3 months of Card Membership.
You'll earn double Membership Rewards® points for each dollar of eligible purchases made when you book on the American Express Travel website; earn one Membership Rewards® point for each dollar you spend on eligible purchases.
This card comes with a $95 annual fee. See Rates & Fees
If you travel frequently whether it’s for business or personal reasons, a travel rewards credit card may be a good option for you! With a travel rewards, each purchase you make earns points or mile that can helps you get closer to a trip! You can redeem your rewards for towards your travel expenses.
Already have a favorite airline or hotel chain? You should consider signing up for that company’s branded credit card. However, if you’re not too sure, you should look into general travel credit cards that can give you flexible rewards that you can use without the restrictions and blackout dates that branded cards have.
General Travel Cards
These are bank-branded cards with rewards that can cover a range of travel expenses. General travel card have the benefit of flexibility among companies, but will get similar rewards rates as a cash reward credit card.
Don’t expect any upgrades or special treatment with a general travel credit card, this type of card is equivalent of a cash rewards card in its payoffs and perks, except that the rewards must generally be spent on travel.
These are cards branded with an airline or hotel chain. They typically allow you to redeem rewards within one loyalty program. You can see what are credit card points and miles worth here.
Travel Rewards Cards to Consider
The Chase Sapphire Preferred Card offers 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards.
You'll earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1X point per dollar spent on all other purchases.. And when you redeem your points for travel through Chase Ultimate Rewards, you'll get 25% more value!
You get unlimited deliveries with a $0 delivery fee & reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
This card carries a $95 annual fee.
The Chase Sapphire Reserve offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®. Through December 31, 2021, gas station & grocery store purchases will also count towards earning your Travel Credit.
You'll earn 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. When redeeming your points for travel through Chase Ultimate Rewards, you'll get 50% more value.
This card does carry a $550 annual fee and there are no foreign transaction fees. However, you're able to earn a $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year & up to $100 application fee credit for Global Entry or TSA Pre?®.
The Capital One Venture Rewards Credit Card offers 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months.
You're able to earn 2X miles on every purchase, every day.
This card does come with a $95 annual fee. Enjoy no foreign transaction fees and receive up to $100 application fee credit for Global Entry or TSA Pre?®.
The American Express® Gold Card offers 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months. Terms apply.
You'll have the opportunity to earn:
• 4X Membership Rewards Points on Restaurants, including takeout and delivery, plus, earn 4X points for Uber Eats purchases too.
• 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
This card has an annual fee of $250 with no foreign transaction fees (See Rates & Fees). Some benefits including earning up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. In addition, a $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline. You'll also get $120 Uber Cash: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
The Delta SkyMiles® Reserve American Express Card offers 80,000 Bonus Miles and 20,000 Medallion Qualification Miles (MQMs) after you spend $5,000 in purchases on your new Card in your first 3 months and a $200 statement credit after you make a Delta purchase with your new Card within your first 3 months. Offer expires 7/28/2021.
Accelerate your path to Medallion Status, with Status Boost®. Plus, in 2021 you can earn even more bonus Medallion Qualification Miles (MQMs) to help you reach Medallion Status.
You can earn 3X Miles on Delta purchases & 1X mile for every eligible dollar spent on purchases.
This card does come with a $550 annual fee and no foreign transaction fees. Seems hefty but perks like being able to check your first bag free on Delta flights. In addition, you can enjoy complimentary access into the Delta SkyClubs for you when traveling on a Delta flight, complimentary access to The Centurion Lounge when you book your Delta flight with your Reserve Card, fee credit for Global Entry or TSA PreCheck. (See Rates & Fees)
A cashback credit card is a good option for a those who are looking for a low maintenance wallet, since most cashback credit cards don’t charge annual fees and redeeming rewards is simple.
With a cashback credit card, your rewards come in dollars, not points or miles like a travel credit card would. Keep in mind that cash back doesn’t always mean cash back. While some credit cards will reward your cash back as a deposit to your bank account or mail a check to you, most cash back credit cards let you redeem your rewards as a statement credit.
Cash Back Credit Cards to Consider
The Chase Freedom Flex offers a $200 bonus after you spend $500 on purchases in your first 3 months from account opening.
• 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
• 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases.
You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back. You'll be able to new 5% categories each quarter!
This card has no annual fee.
The Chase Freedom Unlimited Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases.
In addition, you can earn:
• 5% on travel purchased through Chase,
• 3% on dining at restaurants and drugstores, and
• Unlimited 1.5% cash back on all other purchases.
There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open.
This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM.
The Capital One Savor Cash Rewards Credit Card offers a one-time $300 cash bonus after spending $3000 on purchases within the first 3 months from account opening.
You'll earn an unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Capital One cardholders get access to premium experiences in dining, entertainment and more.
This card does carry a $95 annual fee, however, there is a $0 intro annual fee for the first year.
The Blue Cash Preferred® Card from American Express offers 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back. Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits.
You'll earn 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases. In addition, you'll earn 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses & more.
The card does come with a $0 introductory annual fee for one year, then $95. (See Rates & Fees)
The Capital One SavorOne Cash Rewards Credit Card offers a one-time $200 cash bonus after spending $500 on purchases within the first 3 months from account opening.
You'll earn an unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Target, plus 1% on all other purchases.
This card comes with no annual fee and no foreign transaction fees.
Hopefully this starter guide helped you see which rewards credit card you really need. Although a rewards credit card might be good to earn free cash, free travel as well as other benefits, do always remember to not let it tempt you into overspending!
If you’re not interested on any of the credit cards suggested above, you can view our full updated list of the best credit card bonuses and promotions that you can take advantage of! Plus while you’re here on HMB, you can check out our archives of credit card reviews!