The 5 Best Rewards Credit Cards of 2015
If you’re looking for a rewards credit card, there are plenty of great deals out there. You can get more bang for your buck when it comes to travel, groceries, gas, and more. Here are this year’s best rewards credit cards according to Nerd Wallet.
In the future, we’ll also be giving you all the information you need about choosing the best rewards programs. Check back for more articles and tips so that you can keep more cash in your wallet.
1. Chase Sapphire Preferred
Top features: When you spend $4,000 within the first three months of opening your Chase Sapphire Preferred account, most of the time you’ll be eligible to earn 40,000 bonus points and an extra 5,000 points for adding an authorized user. Currently, new customers can earn 50,000 bonus points plus the authorized user bonus. There are also no foreign transaction fees and generous travel discounts. When you use Chase Ultimate Rewards you can get 20% off travel after redeeming points for airfare, car rentals, cruises, and hotel stays.
Annual membership fee: There is no annual membership fee for the first year and $95 after that.
Best for: Frequent travelers
2. Chase Freedom
Top features: You can earn 5% cash back on bonus categories, up to $1,500 spent per quarter when you use Chase Freedom. Bonus categories include gas, groceries, and restaurants. From November 23, 2015 until December 31, 2015, members will earn 10% cash back on Amazon purchases (up to $1,500 in purchases). Furthermore, you’re eligible to get a $150 bonus when you make $500 in purchases within three months of opening your account.
Annual membership fee: None
Best for: 5% rewards cash back
3. Capital One Venture
Top features: If you opt for the Capital One Venture rewards card you can earn two No Hassle Miles on all of your purchases. Nerd Wallet notes that your travel rewards can be used as a credit against expenses such as tickets or hotel rooms. What’s even better is that your rewards do not expire provided that you keep your account in active status. If you often travel internationally, you’ll be happy to learn that there are no foreign transaction fees.
You also receive a one-time bonus of 40,000 miles—equal to $400 in travel—once you spend $3,000 on purchases within the first 3 months.
Annual membership fee: No annual membership fee during the first year and $59 after that.
Best for: Flat-rate travel rewards
4. Blue Cash Preferred
Top features: You’ll get 6% cash back on groceries up to $6,000 per year (after that it’s 1%) in addition to unlimited 3% rewards on gas and department store purchases. The Blue Cash Preferred card also features a generous sign-up bonus. Card holders get $150 back after spending $1,000 during the first three months. Currently, members can enjoy a special that provides $15 cash back after spending $60 at Amazon.
Annual membership fee: $75
Best for: Grocery and gas rewards
5. Citi Double Cash
Top features: You can earn 1% cash back on every purchase and then an extra 1% cash back after you pay off your purchase. The Citi Double Cash card features unlimited cash back and rewards can be redeemed for a gift card, statement credit, or a check.
Annual membership fee: None
Best for: Flat rate cash back