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An excellent credit score can help you qualify for the best credit cards on the market. The effort you put in to attain excellent credit won’t go unnoticed and banks will be vying for your business with unique card offers.
However, with great rewards also come some additional costs, typically in the form of higher annual fees. Don’t let a killer cashback rate or signup bonus lure you into signing up for a card that may not give you enough return on your investment to be worthwhile in the long term.
The key is finding the card with the best value and fit for your lifestyle, which, thankfully, has never been easier as banks compete to win loyalty from desirable customers.
Here are the top 10 credit card deals you can take advantage of right now:
Capital One® Venture® Rewards Credit Card
This card earns a great flat-rate of 2 miles per dollar on every purchase, every day. That’s a higher rate than other travel rewards cards and you don’t have to deal with caps or rotating categories. There is an annual fee of $0 intro for first year; $95 after that, which is something to consider before applying. You need to spend $4,750 to break even on the annual fee each year (except Year 1, since the annual fee is waived). Miles can be redeemed with ease as a statement credit toward the cost of travel. Frequent travelers will benefit from the Capital One® Venture® Rewards Credit Card, especially those who travel outside the U.S. since there is no foreign transaction fee.
Blue Cash Everyday® Card from American Express
Grocery shoppers will benefit from the higher cash back rate on eligible purchases with this card. You earn 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% cash back at U.S. gas stations and at select U.S. department stores. 1% cash back on other purchases. Cash back comes in the form of Blue Cash Reward Dollars that can be redeemed for statement credit. There is also a good intro offer of 0% for 15 months for purchases and 0% for 15 months for balance transfers, ideal for those who want to carry a balance without accruing interest during the promotional period. Overall, the Blue Cash Everyday® Card from American Express is a good choice for grocery shoppers — all at a $0 annual fee.
Citi Simplicity® Card - No Late Fees Ever
Another great option for 0% intro periods is the Citi Simplicity® Card - No Late Fees Ever. You receive 0%* for 18 months on Purchases* and 0%* for 18 months on Balance Transfers*. This allows you well over a year to pay off your debt without being charged interest. This is the only card with no late fees, no penalty rate, and a $0* annual fee. There are no rewards for this card — it’s simply designed for those who need to carry a balance. This card is similar to the Citi® Diamond Preferred® Card– 21 Month Balance Transfer Offer, except that this card has a slightly higher ongoing APR and doesn’t offer Citi® Private Pass®. Overall, the Citi Simplicity® Card - No Late Fees Ever is a good no-frills card for those looking to take advantage of a long 0% intro period.
Citi® Diamond Preferred® Card– 21 Month Balance Transfer Offer
This card is ideal for people looking to carry a balance and need a long time to pay it off. You have 0%* for 12 months on purchases* and 0%* for 21 months on balance transfers*, allowing you almost two years to become debt free. This card is very similar to the Citi Simplicity® Card - No Late Fees Ever mentioned earlier and has a slightly lower ongoing APR and offers the added perk of the Citi® Private Pass®. If you want to pay off a balance over a long time period, the Citi® Diamond Preferred® Card– 21 Month Balance Transfer Offer can help you become debt free with one of the longest 0% intro periods on the market.
Citi® Double Cash Card – 18 month BT offer
This card is credited with setting the standard for flat-rate cash back cards with its 1% cash back when you buy and 1% cash back as you pay for those purchases. This is a simple cash back program that doesn’t require you to keep track of bonus categories or caps. Additionally, there are great Citi cardmember perks such as Citi® Private Pass® and Citi® Price Rewind that allow you to access exclusive events and possibly earn credits on past purchases. There is a long intro period of 0%* for 18 months on balance transfers* that can help you pay off debt interest free. If you’re looking to transfer a balance and earn rewards on new purchases — all at a $0* annual fee, then the Citi® Double Cash Card – 18 month BT offer is a great option.
Bank of America® Travel Rewards Credit Card
This card is offers a decent rewards rate: Earn 1.5 points per $1 spent on purchases. Rewards can be redeemed as a statement credit for travel purchases. There are two ways to increase your rewards: 1) You can earn a 10% customer points bonus on every purchase when you have an active Bank of America® checking or savings account; 2) If you're a Preferred Rewards client, you could increase that bonus to 25-75%. Don’t worry about being charged a fee when you travel abroad — there is none. The Bank of America® Travel Rewards Credit Card is a good choice for people who want to earn travel rewards, and an even better option for Bank of America Preferred Rewards clients.
Bank of America® Cash Rewards Credit Card
Frequent spenders in gas will benefit the most from the cash back rate of this card. Earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter. You can earn a rewards bonus in two ways: 1) Earn a 10% customer points bonus on every purchase when you have an active Bank of America® checking or savings account; 2) Preferred Rewards clients can increase that bonus to 25% - 75%. The higher rate for gas is ideal for people who are constantly at the pump, and the rewards bonus you can earn make the Bank of America® Cash Rewards Credit Card a good choice — all with a $0 annual fee.
Discover it® Cashback Match™
If you want to maximize your cash back, this card provides you with quarterly bonus categories that can allow you to earn high rewards. You’ll earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate. 1% cash back on all other purchases. A great way to use this card is to pair it with a high flat-rate cash back card for non-bonus category purchases. The Cashback Match™ feature is a great added bonus where Discover will automatically match all the cash back you earn at the end of your first year.* In addition to cash back, there is a good intro period of 0% for 14 months for purchases and 0% for 14 months for balance transfers. At a $0 annual fee, the Discover it® Cashback Match™ is a good option to increase your cash back earnings.
Discover it® Miles
With this card you earn unlimited 1.5x miles per dollar on all purchases, every day. This is a lower rate than some other cards, but reasonable since the annual fee is $0. Rewards can be redeemed for cash or as a credit for travel purchases. The new cardmember bonus is a great way to maximize your rewards in year one and Discover will automatically match all the Miles you've earned at the end of your first year. There is also a decent intro rate for purchases of 0% for 14 months that allows you to carry a balance and avoid interest. The Discover it® Miles is a good card for travelers that want to earn a flat-rate on all purchases.