The best credit card rewards programs are Chase Ultimate Rewards, Capital One Venture Rewards and Citi Double Cash. Each includes at least one card that offers an above-average earning rate on some or all spending categories.
For example, Chase Ultimate Rewards features the Chase Sapphire Preferred® Card and Chase Sapphire Reserve® cards, which reward travel spending more heavily. And the Citi Double Cash Card simply offers 2% cash back on all purchases, no matter the category. That’s twice the normal amount for a cash back card.
Basically, the philosophy here is that if you get one of the best rewards credit cards, you’re also getting access to one of the best credit card rewards programs.
Credit Cards with the Best Rewards:
Chase Sapphire Preferred® Card: 5 points per $1 spent on travel purchased through Chase, 2 points per $1 on all other travel purchases, 3 points per $1 on dining and online grocery purchases, 3 points per $1 on select streaming services, and 1 point per $1 on all other purchases.
Chase Sapphire Reserve®: a total of 10 points per $1 spent on hotels and car rentals booked through Chase, a total of 10 points per $1 spent on prepaid restaurant reservations or takeout orders made through Chase, a total of 5 points per $1 spent on flights purchased through Chase, 3 points per $1 spent on all other travel and dining purchases, and 1 point per $1 on all other purchases.
Capital One Venture Rewards Credit Card: 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel, and 2 miles per $1 on all other purchases.
Citi Double Cash Card: 2% cash back on every purchase (1% when you buy and 1% as you pay for those purchases).
Most good rewards cards will require you to have good or even excellent credit. But there are a few great options for fair, limited or bad credit out there.
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