There are lots of credit cards out there that are worth exploring. As there is competition for the customer base, most credit card companies go all out to design reward schemes for enticing customers. It is best to stick with a credit card company that offers you something in return for your spending. If you are looking for the best rewards credit cards of 2022, we got you covered.
Here are the 10 best credit cards with the best rewards in 2022.
1. Chase Sapphire Preferred Card
Topping our list of credit cards with the best cash back rewards is ‘Chase Sapphire Preferred Card‘. This is a credit card that offers customers a rare mix of high rewards and redemption packages. If you spend frequently on travel and dining, then the chase sapphire preferred card is for you. The perks of this card can only be available to you if you have a good credit score ranging from 700-749.
Some of the major downsides of the chase sapphire preferred credit card is that they charge an annual fee of $95, have no intro APR offer, and the rewards are only for travel bookings through Chase.
2. Discover It Cash Back
If your credit score falls between 700 to 749, then you are eligible to make use of the Discover It Cashback Credit Card. With the aid of this card, you are set to enjoy 5% cashback on any purchase you will make at different places. Some of such places include; grocery stores, restaurants, gas stations, PayPal payments, and amazon.com.
Another interesting perk of this rewards credit card is that they have a zero dollar annual fee, and they match all the cashback you earned in a year. The major downside of this Discover It credit card is that the bonus category must be activated on a quarterly basis.
3. Wells Fargo Active Cash Card
The Wells Fargo active cash card is a credit rewards card that offers zero dollars annual fees to users. They also offer an intro offer of $200 and need a credit score of 690 to 850 to qualify. This $200 cash reward is available to users after they have reached a spending threshold of $1,000. The major downside of this card is that there is a foreign transaction fee.
4. Discover It Student Cash Back
If you have a credit score that is fair or new, then you should try out the Discover It Student Cashback for its rewards. They do not charge an annual fee, and for any purchases you make, you are eligible for a 5% cashback.
The intro APR of the Discover It Student cashback is 0% for the first 6 months, then afterward the standard variable for the APR will apply. This standard APR is 12.99%- 21.99%. Just like the credit card reviewed above, the bonus category of this card must be activated on a quarterly basis. This is undoubtedly one of the best credit cards for travel rewards.
5. Citi Double Cash Card
This rewards credit card does not also charge an annual fee. The Citi Double Cash card is a credit card that was designed for persons with a credit score that ranges from 700 to 749. They do not offer a welcome bonus, have a balance transfer fee, alongside a foreign transaction fee.
However, they augment this with an unlimited cashback that can be earned on top of any purchase made with the card.
6. Discover It Secured Credit Card
If you have no credit history or want to rebuild your credit history, then you should give this card a try. They offer a 1% cashback rate on all purchases when you reach a spending threshold of $1,000.
The ‘Discover It Secured credit card’ does not charge an annual fee, and with it, you can check your FICO score for free each month. The major downside of the Discover It Secured Credit Card is that the rewards are capped.
7. Marriott Bonvoy Brillant American Express Card
The Marriott credit card offers over 75,000 points as a welcome bonus. These points are available after you spend $3,000 in the first three months of card possession. The annual fee of the Marriott Bonvoy Brillant American Express card is $450 and can be applied for if your credit score is within the range of 700 to 749.
The major downside of the Marriott Bonvoy rewards credit card is that it has a high annual fee.
8. Citi AAdvantage Executive World Elite Mastercard
This high rewards credit card also offers users an annual fee of $450. It has a welcome bonus for a flight bonus of 50,000 miles. The major downside of this card is that it does not have a first-year waiver for its high annual fee, plus you need to have a high credit score to be able to use the card.
9. Capital One Venture Rewards Credit Card
The capital one venture rewards credit card can be accessed if you have a $95 annual fee. It is best suited for travelers, and offers a one-time bonus of 60,000 miles the moment you spend $3,000 on purchases within the first three months of account opening.
Another interesting perk of this rewards credit card is that with it, you cannot incur a foreign transaction fee.
10. U.S Bank Altitude Connect Visa Signature Card
May be last on our list, but ‘U.S Bank Altitude Connect Visa Signature Card’ is certainly one of the finest no fee credit cards with best rewards. This card has a whooping intro offer of 50,000 points, but can only be accessed if you have a credit score ranging from 720-850.
The annual fee for this rewards credit card is $95. Also worth noting is that there are 4X points on travel, EV charging stations, and gas stations.