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.
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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.
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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.
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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.
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The Citi ThankYou Preferred card pays two points per dollar on dining and entertainment; one point per dollar on everything else. You can earn unlimited points and your points don’t expire. Redeem points for gift cards, travel rewards, or use at Amazon.com or BestBuy.com.
As a Citi customer, you can enjoy Citi Price Rewind, a feature that automatically refunds you price adjustments. The tool searches for lower prices on registered items you’ve purchased with your Citi card and refunds the difference between the price you paid and the lower price. All you have to do is register the item, Citi does the rest of the work.
Important Pricing: The Citi ThankYou Preferred offers a 0 percent introductory APR for 15 months on purchases and balance transfers. After the promotional period ends, the regular APR will be 14.49 to 24.49 percent. There’s no annual fee.Continue to 5 of 6 below.
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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 40,000 bonus points when you spend $1,000 on purchases within the first three months of opening your account. Plus receive 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.
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The Hilton, one of the nation’s most prestigious hotel chains, also has one of the rewards programs. With the Hilton HHonors 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 50,000 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 status, you’ll automatically get 15 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. Gold status includes all the perks of the Silver Status, plus gives you a 25 percent bonus on all the Hilton Honors Base Points you earn, every 5th night free and room upgrades based on availability.
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.
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