Our list of the top 10 credit cards for people with good credit is essential to getting the most bang for your buck. When you have excellent credit, you can enjoy desirable features like lower interest rates, reward bonuses, cash back, balance transfers, and other lucrative perks. There are several top choices available right now. In this review, we will detail the 10 best options.
1. Capital One Savor Cash Rewards Credit Card
If you love to dine out, go to the theater, or attend festivals, the Capital One Savor card is for you. The first significant perk of this card comes in the first three months; Spend $3000 within 90 days and get a $300 bonus. This is one of the most substantial cash back bonuses on the market right now, amounting to a whopping 10%. The rewards don’t end there, however. You’ll earn 4% cash back on dining and entertainment, 2% cash back at the grocery store, and 1% on everyday purchases. Even better—redeem your bonuses for a statement credit or check. The $95 annual fee is waived for the first year, and your rewards will never expire so you can keep accumulating them indefinitely. To get approved for the Capital One® Savor® card, you can improve your odds by having a credit score above 700.
2. Chase Sapphire Preferred Card
Frequent travelers will want to nab the Chase Sapphire Preferred card which offers new users a 60,000-point bonus when they spend $4000 in the first three months. To redeem, you’ll have to book at least one of your trips through Chase’s own travel portal, but it comes out to about $750 in benefits. Plus, you’ll earn 2 points for every dollar spent on dining and travel and 1 point on all other purchases. For the average consumer who pays their bill in full and spends around $1300 or so per month, the rewards average out to over $1400 every two years. This is not a bad return for something you were doing anyway.
3. The Platinum Card From American Express
At first glance, AMEX’s Platinum card looks like more of an expensive status symbol than something that could benefit you in the long run. However, a closer glimpse at the luxury card reveals some big-time benefits for travelers. The annual fee is not cheap—it’s $550 a year at the time of this writing. But if you are someone who likes to travel in style, this may be just the card you’ve been looking for. For starters, there is a 60,000-point bonus after you spend $5000 in the first three months. That equals $1200 right there, so you’ve already covered twice your annual membership fee.
Once that is out of the way, you’re looking at $500 in annual credits that can be used toward in-flight food, entertainment, checked bags, and more. You’ll enjoy Gold status at Hilton Honors and Marriott Bonvoy and Uber VIP status with up to $500 in Uber credit per year. Additionally, there are loads of upgrades and freebies available when you book through Amex’s travel program. You’ll also have access to every American Express Global Lounge across the world—some of which have luxury benefits like spa treatments, complimentary massages, and more. If you don’t travel, this card probably won’t be worth it, but if you’re a frequent flyer, this is an all-around winner.
4. Chase Ink Business Preferred
If you have good credit and you own a small or home business, the Chase Ink Business Preferred card is an excellent match. The card can help you manage your overhead and rack up some pretty hefty rewards in the process. Their welcome bonus is $1000 in travel credits for new cardholders who spend $5000 in the first three months of account opening. This more than covers the annual fee of $95. The real perks are in the ongoing rewards—3 points per $1 on your first $150,000 in purchases across a wide range of categories (that’s an extra helping of gravy to the tune of over $5k per year. Those categories cover such business expenses as cable, internet, cell-phone payments, office supplies, and more, so be sure to take advantage of that. Additionally, you can equip your employees with their own cards and preset spending limits at no charge.
5. Wells Fargo Platinum Card
If you are looking to make a big purchase or a balance transfer and would like to enjoy interest-free payments for 18 months, the Wells Fargo Platinum card might be the perfect option for you. You need to have outstanding credit to be approved, and this deal only applies to new customers. Be aware that after your initial purchase or transfer, you will be looking at variable interest rates between 17.24 – 26.74 percent. There are no rewards with this card. However, if you pay your monthly cell phone bill with it, your phone is automatically covered up to $600 for damage or theft which could save you some dough.
6. Discover it Cash Back Card
Discover gives you 5% cash back rewards on select categories for the first $1500 you spend per quarter. You’ll want to stay on top of this, however, as the categories change, and you need to sign up for which ones you want each quarter. The card’s main feature, however, is its first-year reward match. At the end of your first year, the company will match your rewards earnings 1:1. For the average spender, this comes out to around $500 per year—not too shabby at all for a card with no annual fee. Like the Wells Fargo Platinum Card, new users can take advantage of 0% APR, however, with Discover, you will only get 14 months instead of 18.
7. Capital One Venture Card
If the idea of a travel rewards card appeals to you, but you aren’t quite ready for the Amex Platinum, the Capital One Venture card may suit you perfectly. The annual fee is waived for the first year, and after that, you will spend $95 annually. If you spend $3000 within three months of opening your account, you will get 50,000 bonus miles—worth $500. Plus, you will get 2 miles per dollar spent on most purchases, and 10 miles per dollar spent through hotels.com/venture. There is a lot of flexibility with booking your travel as well. You don’t need to go through a specific travel portal, which makes this an excellent card to stack with other travel rewards cards for additional bonuses. You can book your trip nearly anywhere and use your rewards to pay for it once it shows up on your statement. How cool is that?
8. Alliant Cashback Visa Signature Credit Card
The main perk of the Alliant Cashback Visa Signature credit card is its generous cashback rewards program. You will earn an unlimited cash bonus of 3 percent on all purchases during your first year and 2.5 percent thereafter. For those who want to earn cold hard cash on their purchases with no miles or points to redeem, this is a solid deal. You will need excellent credit for this card, and you need to have an account with Alliant Credit Union before applying. The card is designed for those who do the majority of their purchases on one card. An annual fee of $99 applies after the first year. Other perks include the standard Visa signature benefits like roadside assistance, travel insurance, rental car collision coverage, and more.
9. Blue Cash Preferred Card From American Express
AMEX’s Blue Cash Preferred Card is perfect for those who want to be rewarded for everyday purchases like gas, groceries, and more. This is an ideal all-around card for those who stick a little closer to home. We will start with the initial bonus. Spend $1000 within the first three months and get a $250 statement credit. Get 3 percent back on transportation costs like trains, buses, ride-share, tolls, parking, cabs, and of course, at the pumps. Perhaps the best benefit will appeal to homebodies here: a whopping 6% cashback at US grocery stores and on select streaming services.
10. BankAmericard Credit Card
The BankAmericard credit card is for those who have excellent credit and who would like to take advantage of interest-free financing for 18 months. This applies to both new purchases as well as balance transfers, making it an ideal option for consolidating. Pay it off on time, and you could save a bundle in interest. If you go past the initial 18 months, expect to pay an above-average APR, so this card is best used by those who have a good handle on their monthly budget. There are no rewards, but there is also no annual fee.
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By BCR Staff