This week we’re taking a look at which credit cards are the best credit cards for people seeking best rewards credit card. This is part of our Saturday series which we use to bring you the most up-to-date credit card deals. We hope you’ll use this information to choose the best credit cards for you. Other posts in this series include posts on PenFed credit cards, Chase credit cards, Citibank credit cards, Discover credit cards, the Top 8 Balance Transfer cards, the best Low Interest Credit Cards and the top Free Rewards Offers.
Chase Freedom® is a cash back credit card that allows you to get at least 1% cash back on every purchase that you make. However, the reason that people like this credit card is because it comes with the option to get up to 5% cash back on certain spending bonus categories. The categories are common purchase categories such as gas stations, restaurants and Amazon.com. The categories rotate every three months and there are four categories during each period, subject to quarterly enrollment and maximum.
This credit card comes with Chase Blueprint, a program that allows you to select flexible repayment plans that are right for you. There is no annual fee for this credit card.
Blue Cash Everyday from American Express
Blue Cash Everyday® Card from American Express is a great cash back rewards card for people who mostly use their credit cards to pay for daily expenses at places like gas stations, major department stores and supermarkets. That’s because this credit card offers you 3% at US supermarkets, up to $6,000 per year in purchases; 2% at US gas stations & select US department stores. This card also gives you a bit more back in rewards since you can earn 1% cash back on your other purchases. Terms and limitations apply. If you don’t like keeping track of rotating spending categories but still want to get 3% cash back on some of your purchases then this might be a smart choice for your credit card. There are no rotating categories on your cash back earnings and no enrollment required before cash is earned. You receive your cash back in the form of Reward Dollars that can be redeemed as a statement credit. Terms and Restrictions Apply.
This credit card comes with some additional benefits as well. You also have access to travel accident insurance and extended warranties on eligible purchases and more. With this card you will have flexible repayment options. And there is no annual fee. Before you apply review the application page for terms and conditions. Terms and Restrictions Apply.
PenFed Platinum Cash Rewards Visa Card
The PenFed Platinum Cash Rewards Visa Card is a cash back rewards credit card for people who do a lot of traveling in the car. That’s because the Plus version of the card offers you a full 5% cash back on your gas purchases when you pay at the pump using this card. Fuel purchases for airplanes and boats do not receive cash back rewards. Your cash rewards are credited to you every month with this card. To get the Plus version of the card you must obtain a qualifying PenFed product such as an active checking account with direct deposit ($250 min). Certain restrictions may apply. The Standard version of this card offers 3 percent cash back on gas purchases paid at the pump and an introductory annual fee of $0, then a $25 annual fee.
In addition to being a good cash back rewards card for gas, the PenFed Platinum Cash Rewards Visa Card is great for people who want a balance transfer credit card and a card that is good for cash advances. This card has a low promotional introductory balance transfer APR of 4.99% for the life of the balance on transfers made from October 1, 2013 through December 31, 2013. That’s a long time for such a low interest rate! After December 31, 2013 the APR for new balance transfers will vary with the market based on the Prime Rate the ongoing rate is currently a low 9.99% APR. This credit card also offers a limited time low introductory variable APR capped at 9.99% APR for purchases and cash advancesthrough June 30, 2014; that’s one of the lowest cash advance rates in the market. After the introductory period for purchases and cash advances the cap will be removed and your APR will vary with the market based on the Prime Rate. If you do not qualify for free membership with the PenFed credit union then you may need to pay a one-time $20 contribution or $15 membership fee (see PenFed website for details). The fee for balance transfers is 3% (Min. $10 – Max. $250) per transaction. This transaction is subject to credit approval. There are no over-limit fees and no cash advance fees for this cash back rewards card.
TrueEarnings Card from Costco and American Express
TrueEarnings Card® from Costco and American Express is a cash back rewards credit card that is particularly attractive to Costco shoppers who are also travelers. That’s because this card offers you 2% cash back on eligible travel purchases, including at Costco; and 2% cash back on dining at US restaurants. You also earn 3% cash back on gasoline at US gas stations and on gasoline at Costco up to $4,000 per year in purchases, then 1%. You also can get 1% cash back on other purchases including at Costco. Terms and limitations apply. You will receive your cash back annually in the form of a reward coupon. There is no annual fee for Costco members and this credit card then doubles as your Costco membership card. TrueEarnings Card from Costco and American Express Cardmembership offers access to benefits such as Global Assist and Purchase Protection* *Underwritten by AMEX Assurance Company. Before you apply review the issuers online application page for terms and conditions and restrictions that apply. Terms and restrictions apply.
Note: Offers change frequently; please be sure to check the offer website to ensure all details and information are correct.