Credit Cards Rewards Credit Cards

4 Credit Cards That Earn The Best Rewards

Kristie McCauley
Written by Kristie McCauley

Spend and earn. That’s the name of the game when you’re leveraging the purchasing power of a credit card that earns rewards. If you’re going to spend the money anyway, or you have big-ticket items to buy, racking up reward points that you can cash in for some goodies creates a win-win situation for you.

Check out these four credit cards that earn the best rewards (like cash, baby).

#1 Blue Cash Preferred® Card from American Express

The Blue Cash Preferred Card from American Express is a great option for everyday spending. If you’re the type that uses your credit card for EVERYTHING and then pays off the balance at the end of the month, then this rewards card is right up your alley.

Pros
The biggest win with this card is that it offers the highest reward rate in the U.S.—offering 6% back on your purchases, maxing out at $6,000 per year. And, it doesn’t end there, folks.
You can earn 3% back on gas purchases and department store purchases at an unlimited amount AND this is in addition to the 6%, $6,000 cap.

And just when you think the deal couldn’t get any sweeter, AMEX ups the anty, giving you a $150 sign-on bonus if you spend $1,000 in the first three months you have the card.

Cons
The good comes with a little bad news, however, because the card does have an annual fee that is a bit on the steep side at $75 per year. As long as you spend $1,600 per year (considering the 6% cashback reward) then it’s a wash—making the annual fee a moot point.

Additionally, it is AMEX, which is not accepted everywhere. If you plan to use it abroad, the 2.7% foreign-transaction fee also receives a two-thumbs down rating.

About the author

Kristie McCauley

Kristie McCauley

Kristie Lorette McCauley is an award-winning expert on personal finance, mortgages, and credit. She has published articles on major finance and credit blogs, such as Yahoo! Finance, Quizzle, Money Crashers, and BankRate. She is also the author of books, such as How to Use the Equity in Your Home or Business Today to Invest for Tomorrow and How to Open & Operate a Financially Successful Personal Financial Planning Business.

7 Comments

  • Creditkarma.com has some new offerings in addition to bank card credit scores from Trans Union and Experian. Now they are also offering free Auto Insurance scores and Tax preparation online. MIGHT BE WORTH CHECKING OUT!

  • Who can deny any of these cards are excellent but there may be better cards on the market for consumers today.

    Consider Bank of America’s Cash Rewards card or Discover Card’s latest offerings BOTH ARE EXCELLENT. Both are well worth checking out and comparing to the cards listed in this article. You may be well surprised at what you will find.

  • bank of America 3% cash back on ALL related travel expenses. I have booked all my family vacations. travel by air, land, rent a car, whatever hotel motel whatever. its all 3
    % cash back.

    • Join creditkarma.com, creditsoup.com or nerdwallet.com. All three offer free credit scores. As far as a free credit REPORT, you are entitled to one free report per year from each of the major reporting bureaus (Equifax, Experian and TransUnion), which may be requested through annualcreditreport.com.

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