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!
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 Ink Business Preferred® Credit 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 $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. OFFER ENDING SOON.
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.
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The Delta SkyMiles® Platinum Business American Express Card offers 95,000 Bonus Miles after spending $4,000 in purchases on your new Card in your first 3 months of Card Membership. Offer Ends 3/29/23.
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.
With Status Boost, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your card in a calendar year, up to 2x per year getting you closer to Medallion Status.
This card does carry a $250 annual fee. (See Rates & Fees).
Terms and limitations apply.
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 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards.
• 5X points on travel purchased through Chase Ultimate Rewards
• 3X points on dining
• 3X points on select streaming services and online grocery purchases
• 2X points on all other travel purchases
• 1X point per $1 spent on all other purchases
Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit and when you redeem your points for travel through Chase Ultimate Rewards, you'll get 25% more value!
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.
• 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards immediately after the first $300 is spent on travel purchases annually.
• 5X total points on flights
• 3X points on other travel and dining
• 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 a one-time bonus of 75,000 Miles once you spend $4,000 on purchases within 3 months from account opening.
You're able to earn:
• 5 Miles on hotels and rental cars booked through Capital One Travel
• 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.
• 4X Membership Rewards Points at Restaurants, plus takeout and delivery in the U.S.,
• 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
• 3X Membership Rewards points on flights booked directly with airlines or on amextravel.com.
$120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
This card has an annual fee of $250 with no foreign transaction fees (See Rates & Fees).
The Delta SkyMiles® Reserve American Express Card offers 90,000 bonus miles after you spend $6,000 in purchases on your new Card in your first 6 months.
Earn up to 60,000 Medallion Qualification Miles (MQMs) With Status Boost per year. You can earn 15,000 MQMs after you spend $30,000 in purchases on your Card in a calendar year, up to four times per year getting you closer to 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 travelling on a Delta flight, complimentary access to The Centurion Lounge when you book a 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 FlexSM offers a $200 bonus after you spend $500 on purchases in your first 3 months from account opening.
0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.24% - 27.99%.
• Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
• 5% cash back on travel purchased through Chase Ultimate Rewards, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
• 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service
• Unlimited 1% cash back 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.
This card has no annual fee.
The Chase Freedom Unlimited® Card offers an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.49% - 28.24%.
Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
In addition, you can earn (after your first year or $20,000 spent):
• 5% cash back on Chase travel purchased through Ultimate Rewards
• 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service,
• 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 Blue Cash Preferred® Card from American Express offers a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It(R) to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 18.49% to 29.49%
• 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
• 6% Cash Back on select U.S. streaming subscriptions.
• 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
• 1% Cash Back on other purchases.
Get $7 back each month after using your Blue Cash Preferred Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.
The card does come with a $0 intro annual fee for the first year, then $95. (See Rates & Fees)
The Capital One SavorOne Cash Rewards Credit Card offers $200 cash back after spending $500 on purchases within 3 months from account opening.
0% intro APR on purchases and balance transfers for 15 months; 19.24% - 29.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months.
• 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.
• Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply.
• 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
• 8% cash back on Capital One Entertainment 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!