5 Credit Cards When it comes to choosing a credit card, finding one that offers both excellent rewards and low interest rates can be a game-changer for your finances. Here are five credit cards that strike the perfect balance between generous rewards and low APRs:
5 Credit Cards With the Best Rewards
1. Chase Sapphire Preferred® Card
- Rewards: 2x points on travel and dining, 1x points on all other purchases.
- Sign-up Bonus: Earn 60,000 bonus points after spending $4,000 in the first 3 months.
- APR: Variable APR of 21.24% – 28.24%.
- Why It’s Great: The Chase Sapphire Preferred® Card is known for its excellent travel rewards and flexibility in redeeming points through the Chase Ultimate Rewards portal.
2. Citi® Double Cash Card
- Rewards: Earn 2% cash back on all purchases (1% when you buy, 1% when you pay).
- Sign-up Bonus: None.
- APR: Variable APR of 18.24% – 28.24%.
- Why It’s Great: This card offers straightforward cash back rewards without any complicated categories, making it an excellent choice for everyday use.
3. Wells Fargo Active Cash® Card
- Rewards: Unlimited 2% cash back on all purchases.
- Sign-up Bonus: $200 cash rewards bonus after spending $1,000 in the first 3 months.
- APR: 0% introductory APR for 15 months on purchases and balance transfers, then a variable APR of 20.24% – 29.24%.
- Why It’s Great: With a high cash back rate and a lengthy 0% intro APR period, this card is perfect for those looking to save on interest while earning solid rewards.
4. Discover it® Cash Back
- Rewards: 5% cash back on rotating quarterly categories (up to $1,500 per quarter), 1% on all other purchases.
- Sign-up Bonus: Discover matches all the cash back you’ve earned at the end of your first year.
- APR: 0% intro APR for 15 months on purchases and balance transfers, then a variable APR of 17.24% – 28.24%.
- Why It’s Great: The rotating categories can offer significant rewards, especially with the cash back match at the end of the first year.
5. Blue Cash Everyday® Card from American Express
- Rewards: 3% cash back at U.S. supermarkets (up to $6,000 per year), 2% at U.S. gas stations and select department stores, 1% on other purchases.
- Sign-up Bonus: Earn $200 back after spending $2,000 in purchases in the first 6 months.
- APR: 0% intro APR for 15 months on purchases and balance transfers, then a variable APR of 19.24% – 29.99%.
- Why It’s Great: This card offers higher cash back rates on everyday spending categories like groceries and gas, making it a strong choice for families.
Choosing the Right Card
Selecting the best credit card depends on your spending habits and financial goals. If you’re a frequent traveler, the Chase Sapphire Preferred® might be your best bet.
For those who prefer cash back on everyday purchases, the Citi® Double Cash or Wells Fargo Active Cash® cards offer excellent options. Meanwhile, the Discover it® Cash Back and Blue Cash Everyday® Card are ideal for maximizing rewards in specific categories.
Always consider the APR after any introductory period and the potential fees to ensure you’re getting the best deal for your needs.
