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If you’re going to spend money anyway, it might be better to collect points by swiping.
There are several types of rewards credit cards you can apply for. When considering what’s best for you, look at your spending habits and identify where the majority of your money goes. Then, look for a credit card with high rewards that matches your spending amount.
You may also want to consider what is most important to you. Does your credit card need to have no annual fee? You may not care about the annual fee as long as the benefits outweigh the costs.
There are so many credit card options out there that it can be difficult to narrow down which one is best for you. Points cards are a great way to earn points based on the amount you spend. (Matt Cardy/Getty Images)
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Many credit cards have point systems. Essentially, you’ll earn at least 1 point for every dollar you spend. And depending on which card you have, you can redeem your points for cash back, travel experiences, and more. Generally speaking, you’ll get the best value if you use a rewards card and use your points for travel.
Below are five popular points credit cards that you can apply for right now.
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- chase sapphire reserve
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1. Chase Freedom Unlimited
The Chase Freedom Unlimited credit card is great for beginners to earn rewards. The benefits of this card are very simple and you can easily exchange your points for various offers.
The first benefit of this card is that there is no annual fee, but it also offers a generous welcome bonus of $200 after you spend $500 on purchases within the first three months of account opening.
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This credit card also offers 0% APR for the first 15 months of card opening. After 15 months, this card has an APR of 20.49% to 29.24%.
With this card, you earn 5% back on travel purchased with Chase Travel, 3% back on drugstore purchases, 3% back on dining, and 1.5% back on all other purchases.
The Chase Freedom card is a great cash back card for beginners with no annual fee and an easy-to-understand format. (image/image)
There is no expiration date for the points you collect, and there is no minimum point you need to earn before you can cash out.
If you don’t want cashback, no problem. There are many other options. You can also use your points to book travel arrangements, redeem gift cards at your favorite stores and restaurants, and even pay for purchases on Amazon with your points..
2. Chase Sapphire Reserve
The Chase Sapphire Reserve card is a significant improvement over the Freedom card. This card is perfect for luxury travelers.
This card has a hefty annual fee of $550, but if you travel frequently and want to make the most of all the perks the card has to offer, it might be worth it.
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With this card, you can earn up to $300 in travel credits annually for travel-related purchases.
A big perk of this card is access to luxurious airport lounges. If you’re a frequent flyer, having access to these lounges will enhance your travel experience.
The card also comes with travel insurance and will reimburse you for up to $100 in TSA PreCheck/Global Entry/NEXUS fees every four years.
With this card, you can earn 3x points on dining and travel purchases, 10x points on hotels and rental cars, and 5x points on flights. All of these fees apply once $300 is spent on travel each year.
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Points earned with this card are best used for travel-related purchases.
3. Capital One Venture
The Capital One Venture card has a $95 annual fee. The current welcome bonus for this card is 75,000 bonus miles when he spends $4,000 on his first purchase within three months after account opening.
Just because you can earn miles with this credit card doesn’t mean you have to use them for travel.
Capital One offers a variety of credit cards for frequent travelers. (image/image)
Capital One miles work just like points on any other credit card. You can redeem your miles for travel when you book through Capital One Travel, but you don’t have to.
Miles can also be used for exclusive event tickets or redeemed for cash or gift cards through Capital One Entertainment. You can gift miles to anyone with a Venture card.
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With this card, you’ll earn 2 miles per dollar spent on every purchase and 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel. You can also earn up to $100 in credits with Global Entry or TSA PreCheck.
As far as Capital One rewards cards go, this one falls somewhere in the middle. If you want a card with no annual fee, we recommend VentureOne Rewards.
If your card includes more benefits, you can apply for the Venture X card. This card has an annual fee of $395. You’ll receive $300 in annual Capital One Travel credits, TSA PreCheck or Global Entry credits, giving you and two guests access to any of his 1,300+ airport lounges.
4. American Express Gold
If you love eating out, consider the American Express Gold Card.
This card has a $250 annual fee. Earn 4x points at restaurants, 4x points on grocery store purchases, 3x points on flights booked through Amex Travel, and 1x points on all other eligible purchases.
You can also earn up to $120 in Uber Cash per year with this card.
5. Built Mastercard
The Bilt Mastercard launches in 2021 and is perfect for renters.
This credit card is very unique in that you can pay your rent and earn points with no fees.
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With this card, you’ll earn 3x on dining, 2x on travel, and 1x on other purchases, including rent payments. When you buy on the 1st of every month, you earn 6x on dining, 4x on travel, and 2x on all other purchases (excluding rent).
Bilt Mastercard makes it easy to pay your rent and earn points with your card. (image/image)
Points can be redeemed in a variety of ways. You can also redeem for travel or workout classes through the Bilt Travel Portal.
Points can be used to pay rent, shop on Amazon, and even make a down payment on a home.
