What Credit Card Has the Best Rewards?

Here’s a bit of a subjective question: “What credit card has the best rewards?”

Without thinking for more than a second, I can tell you that the American Express Blue Cash credit card has the best rewards (in my opinion).

Most importantly, this credit card has no annual fee, so you don’t have to pay to get those so-called rewards that you may never use.

Secondly, you get cash back, so your rewards are guaranteed not to go to waste; if you had an airline miles rewards card or a basic rewards credit card, the related rewards could expire or you could be forced to use them for something you’re really not interested in.

Additionally, the cash back card from American Express is automatically applied to your credit card balance once every 12 months, meaning you’re rewarded no matter what, with no hassle.

Other rewards programs require you to redeem your points for merchandise or travel, and may have blackout or expiration dates; you’re usually also paying for those rewards annually, so whether they make sense financially is questionable as well.

Aside from the benefits of the automated system, the Blue Cash credit card comes with the best cash back rates to boot; 5% cash back for purchases at gas stations, grocery stores, and drug stores, and 1.25% back for everything else.

Keep in mind that you must spend $6,500 before those cash back rates go into effect; before that it’s just 1% and 0.5% back, respectively.

There’s also no limit on the amount of money you can earn, so the savings can be pretty substantial if you’re a big spender.

One final thing I’ll note on this subject is that while I feel the Blue Cash card has the best rewards, a combination of credit cards could prove more beneficial.

For example, certain cards offer higher cash back rewards in certain categories, such as travel, gas, groceries, entertainment, and so forth.

So by carefully choosing which credit card to use in specific situations, you may actually be able to maximize your rewards; this of course, takes a bit more legwork.

Remember, the credit card with the best rewards may be unique based on your own situation, so consider what you want personally before making a choice.

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