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A point rewards credit card is an excellent way to get rewarded for your credit card purchases. The best of the points rewards have high sign-up bonuses and great rewards programs. Use your credit card to rack up points (or miles) that you can use for travel, gift cards and other perks. Here are the best point rewards credit cards available right now.
Our Top Picks
Best Overall: Chase Sapphire Reserve
The Chase Sapphire Reserve is a premium rewards credit card - one with large signup bonuses, additional perks and a higher annual fee.
Let’s start with the rewards program. The Chase Sapphire Reserve pays three points per dollar on travel, including hotels, taxis and trains; three points per dollar on dining worldwide; and one point per dollar on everything else. Points are worth 50 percent more when you redeem them through Chase Ultimate Rewards. There are no blackout dates or restrictions on when you can redeem your rewards.
Like the Chase Sapphire Preferred, the Chase Sapphire Reserve rewards 50,000 bonus points after spending $4,000 on purchases in the first three months of account opening. But, with the Chase Sapphire Reserve, the bonus is worth up to $750 in travel if you redeem your points through Chase’s online booking tool: Chase Ultimate Rewards.
The sign-up bonus is just the beginning of the Chase Sapphire Reserve’s awesome perks.
Cardholders receive $300 annual travel credit redeemable for travel purchases made on the card. You’ll receive a $100 application fee credit for Global Entry or PreCheck. Other perks of the Chase Sapphire Reserve include access to airport lounges and special rental car privileges with National Car Rental, Avis and Silvercar when you book with your card.
Important Pricing: The annual fee is $450 annual fee for the primary cardholder and $75 annual fee for any additional authorized users (up to 4). There’s no foreign transaction fee.
Runner-Up, Best Overall: Chase Sapphire Preferred
The Chase Sapphire Preferred is another great points rewards credit card on the market. The reward structure is fairly simple, the annual fee is reasonable, and the card has one of the biggest signup bonuses.
With the Chase Sapphire Preferred, you’ll earn two points for every dollar you spend on travel and dining at restaurants and one point per dollar on everything else. While Chase gives you a variety of redemption options, points are worth 25 percent more when you use Chase Ultimate Rewards to redeem your rewards.
As a sign-up bonus, you’ll get 50,000 bonus points after you spend $4,000 on purchases within the first three months of account opening. Points are worth $625 when you redeem them through Chase Ultimate Rewards.
If you’re a member of other loyalty programs and want to combine points, you can transfer points 1:1 to Chase’s hotel and airline partners. A few of the partners include Southwest Airlines Rapid Rewards, United MileagePlus and Marriott Rewards.
Important Pricing: Pay no foreign transaction fee on purchases you make in other currencies The $95 annual fee is waived in the first year.
Best for Flexible Travel: Capital One Venture Rewards
For a little more flexibility in your ability to earn rewards, check out the Capital One Venture Rewards credit card. Earn unlimited two miles per dollar on every purchase you make. Plus earn 50,000 bonus miles once you’ve spent $3,000 on purchases within the first three months.
Redeeming rewards is just as simple and effortless as earning them. Simply redeem rewards as a statement credit for your travel purchases.
Important Pricing: The $95 annual fee is waived in the first year, then charged each year on during your anniversary month. There’s no foreign transaction fee.
Best Airline: Southwest Rapid Rewards Plus Credit Card
Every frequent flier needs an airline credit card in their wallet. The Southwest Rapid Rewards Plus Credit Card pays unlimited two points per dollar on Southwest Airlines and certain hotel and rental car purchases; then, one point per dollar on everything else.
Earn 3,000 anniversary points each year on your card’s anniversary. You can redeem your points for international flights, cruises, hotel stays, car rentals and gift cards.
The annual fee for the Southwest Airlines Rewards Plus Credit Card is $69. The Premier version of the card comes with a $99 annual fee, upgrades the anniversary bonus to 6,000 points and does not have a foreign transaction fee.
Best Hotel: Hilton Honors American Express
The Hilton, one of the nation’s most prestigious hotel chains, also has one of the best rewards programs. With the Hilton Honors American Express, get seven points per dollar on hotel stays within the Hilton portfolio; five points per dollar on purchases made at U.S. restaurants, supermarkets and gas stations. Earn three points per dollar on all other eligible purchases.
Spend $1,000 on purchases within the first three months of opening your account and earn 100,000 Hilton Honors bonus points. The Hilton portfolio includes Hilton Hotels & Resorts, Embassy Suites by Hilton, DoubleTree by Hilton, Waldorf Astoria Hotels & Resorts, Hilton Garden Inn and more.
Get complimentary Silvers status with your credit card. With Silver Elite status, you’ll automatically get 20 percent bonus on all the Hilton Honors base points you earn, you’ll receive every 5th night free on hotel stays and enjoy hotel benefits like digital check-in and late check-out.
Spend $20,000 on eligible purchases on your Card in a calendar year and earn Hilton Honors Gold Status for the rest of the year and through the end of the next calendar year.
Important Pricing: There’s no annual fee.
Credit card terms are subject to change. Check with each credit card issuer for the latest terms and conditions.
Best for Light Travelers: Wells Fargo Propel American Express Card
Wells Fargo Propel American Express Card is a relatively new rewards credit card with a great signup bonus. You can earn a 30,000-point signup bonus after spending $3,000 on purchases in the first three months after opening your account; that translates to a $300 cash redemption value.
Your credit card purchases earn points, too. You’ll earn three points for every dollar you spend on dining, transportation, travel, and popular streaming services; and one point for every dollar you spend on anything and everything else. Your points won’t expire so long as you keep your account open and in good standing.
The Propel American Express offers up to $600 in cell phone protection if you pay your monthly cell phone bill with your credit card. You’ll only have to pay a $25 deductible to take advantage of the benefit in the event that your credit card is lost or stolen. On top of cell phone protection, you’ll also get extended warranty coverage and return protection.
Important Pricing: Enjoy zero percent introductory APR on purchases and balance transfers for the first 12 months. After that, the regular APR is 14.49 to 26.99 percent depending on your credit rating. There’s no annual fee and no foreign currency free.
Best for Small Businesses: Chase Ink Business Preferred Credit Card
The Chase Ink Business Preferred pays 80,000 bonus points after you spend $5,000 on purchases in the first three months after opening your account. The bonus points are worth $1,000 toward travel when you redeem them through Chase Ultimate Rewards. Once you’re a cardholder, you can earn an additional 20,000 bonus points for referring other business owners to the Ink Business Preferred Credit Card with the possibility of earning an additional 100,000 each year.
You’ll earn three points for every dollar you spend on the first $150,000 you spend on travel, shipping, internet, cable and phone services, and advertising each calendar year. All other purchases earn one point per dollar. Your rewards won’t expire as long as your account is open and in good standing. Your points are worth 25-percent more when you redeem them through Chase Ultimate Rewards.
As a business owner, you can add employees to your account and make them authorized users with the same charging privileges as you. You can even set individual spending limits so your authorized users can’t max out the credit limit, but are allowed to make purchases that earn more rewards for your business.
Important Pricing: The regular APR is 17.99 to 22.99 percent. The $95 annual fee is waived in the first year and there’s no foreign transaction fee.
Best Travel Business Rewards: The Business Platinum Card from American Express
The Business Platinum Card from American Express offers premium benefits for businesses. New cardholders have an opportunity to earn up to 100,000 rewards points. First, you can earn 50,000 points when you spend $10,000 in the first three months of opening your credit card. Then, earn another 25,000 points when you spend an additional $10,000 in the same three month period.
From there, you’ll earn five points for every dollar you spend on flights and prepaid hotels purchased through amextravel.com. All your other purchases earn one point per dollar. Get 50 percent bonus points on purchases over $5,000 plus get 35 percent points back when you use your points for flights for up to $500,000 per calendar year.
The Business Platinum Card comes with a $200 airline credit fee that you can use each calendar year toward baggage fees, access to over 1,100 airport lounges in over 500 airports around the world, and a statement credit reimbursement for Global Entry or TSA Precheck every four years.
Important Pricing: The annual fee is $450 and there are no foreign transaction fees. There’s no interest rate since this is a charge card and you must pay your balance in full each month.