John S Kiernan, Managing Editor
@John
One of the best credit card for points is Chase Sapphire Reserve® because it gives 1 - 10 points per $1 spent, plus an initial bonus of 60,000 bonus points for spending $4,000 in the first 3 months. Chase Sapphire Reserve points are worth 1.5 cents each when redeemed for Travel through Chase Ultimate Rewards Reserved.
By comparison, the average credit card point has a redemption value of around 1 cent. Just bear in mind that Chase Sapphire Reserve comes with a steep price tag, with an annual fee of $550.
Best Credit Cards for Rewards Points
- Travel Benefits: Chase Sapphire Reserve®
- Initial Bonus: Chase Sapphire Preferred® Card
- Gas & Groceries: Citi Rewards+® Card
- Travel Rewards: U.S. Bank Altitude Reserve Visa Infinite® Card
When shopping around for a points credit card, it’s important to keep in mind that points – along with miles – can undergo devaluation, meaning they can change in value at any time. Credit card companies reserve the right to change rewards programs at their leisure, or to cancel them altogether. There are also lots of rules governing each credit card’s rewards system, so make sure you’re aware of those rules before you sign up for a card.
People also ask
Did we answer your question?