Even finance experts have deemed credit cards perks as “free money”, and their right. If you know how to stay on top of your credit card payments, there’s no reason to pass up on the perks.
If you’re looking for credit cards that offer the best rewards and benefits, check out our list below to learn more.
Types of Credit Card Perks
As more and more credit cards are being introduced to the market, credit companies are offering their customers rewards as an extra incentive to choose them over their competitor. While there are a wide array of perk options available, it’s best to choose one that best suits your lifestyle.
Some popular types of credit card perks include:
While many of us love to travel, most of us feel bad shelling out the extra cash for that once and a lifetime trip. In fact, did you know only 1% of Americans have a passport? Fortunately, some credit cards offer travel points for making purchases on the type of things you buy every day. In a way, it’s like receiving a free airline ticket.
Credit cards also tend to partner up with store chains to create incentive programs for their customers. These rewards typically come in the form of discounts or free products that accumulate as you use your card, even if it’s not used at that particular store.
Other rewards include points toward everyday purchases like gas or groceries. You’ll even find rewards programs geared to items students need or rewards that donate a certain percentage of each purchase to charity.
Best Cards for Rewards
While rewards cards are great to have in your wallet, it’s important to remember not all credit cards are created equal. The best credit cards also check out on important factors like APR, annual fees, international usage fees, and cash back options.
With all things considered, here are our top picks for cards that offer rewards programs:
Chase Sapphire Preferred Card
The Chase Saphire Preferred Card is one of the most flexible reward cards available. The card offers two points for each dollar on things like eating out and traveling, so you can earn points even when you’re on vacation.
The big incentive here is the 50,000 bonus points you receive for spending $4,000 during the first three months of being a cardholder.
Wells Fargo Propel American Express Card
The Wells Fargo Propel American Express Card is one option that doesn’t skimp on points. Cardholders receive three points per dollar spent in a number of areas including travel, eating out, and gas. In addition to this perk, you will also receive extra 30,0000 points if you spend $3,000 in your first three months of opening your card.
Discover It Cash Back Card
The Discover it Cash Back Card is an ideal choice if the only reward you care about is green. Cardholders will receive 5 percent cash back in everyday locations like gas stations, restaurants, groceries stores, and even on Amazon.
Getting the Most out of Your Rewards
Finding the best credit card perks on the market is just one way to get your money to work for you, not against you. Remember, the more you know, the stronger your financial health will be.
To learn more about finding the best perks, we suggest checking out our blog “How to Choose a Credit Card with the Best Rewards Programs“.