The 5 Best Rewards Credit Cards for 2016

The 5 Best Rewards Credit Cards for 2016

Which credit card rewards should you choose? Not to worry, The Cheat Sheet uncovered some helpful research that may assist you with choosing the right card. Here are this year’s top picks for rewards credit cards, according to Value Penguin. Also, check back for more articles on how you can keep more cash in your wallet through savvy management of credit card rewards. We’ll give you the latest on choosing the best rewards program.


5. ThankYou Premier Credit Card

The 5 Best Rewards Credit Cards for 2016

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Top features: You can earn 50,000 bonus ThankYou points after you spend $3,000 within the first three months. This can be redeemed for $500 in gift cards or $625 in airfare. In addition, you’re eligible to earn three ThankYou Points for every dollar spent in travel, including gas.

Annual fee: No annual fee for the first year and then $95

Rewards rate: 2.88%

Bonus: $500

Rewards value: $1,035


4. Capital One Venture Rewards Credit Card

The 5 Best Rewards Credit Cards for 2016

NICHOLAS KAMM/AFP/Getty Images

Top features: You can receive 40,000 miles after you spend $3,000 within the first three months. You can also get two miles for every dollar you spend. The best part is that miles are not capped and never expire.

Annual fee: No annual fee for the first year and then $59.

Rewards rate: 2.95%

Bonus: $400

Rewards value: $1,061

3. Barclaycard Arrival Plus World Elite MasterCard

The 5 Best Rewards Credit Cards for 2016

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Top features: You are eligible to earn 40,000 bonus miles after spending $3,000 within the first 90 days. This perk is equivalent to a $400 travel statement credit. Furthermore, you can earn twice the miles on all purchases and receive 5% miles back for use toward your next redemption each time you redeem.

Annual fee: $89, waived the first year.

Rewards rate: 3.02%

Bonus: $420

Rewards value: $1,087


2. Chase Sapphire Preferred Card

The 5 Best Rewards Credit Cards for 2016

Photo by Chris McGrath/Getty Images

Top features: You can earn 50,000 bonus points when you spend $4,000 on purchases within the first three months. In addition, cardholders can earn twice the points on travel and dining at restaurants and one point per dollar on all other purchases.

Annual fee: No annual fee for the first year and then $95 afterward.

Rewards rate: 3.14%

Bonus: $625

Rewards value: $1,130


1. The Starwood Preferred Guest Credit Card from American Express

The 5 Best Rewards Credit Cards for 2016

John Moore/Getty Images

Top features: You can earn 25,000 Starpoints after you make $3,000 in purchases within the first three months. The Starwood Preferred Guest Credit Card from American Express also has no foreign transaction fees. If you’re a frequent traveler, you’ll be happy to know that if you book a hotel with this card you may be eligible for free in-room premium Internet access. You can also earn free nights at more than 1,200 hotels.

Annual fee: No introductory annual fee for the first year and then $95 after that.

Rewards rate: 3.46%

Bonus: $500

Rewards value: $1,247

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