Reward credit cards have become a staple in the financial toolkit of savvy consumers, offering a plethora of benefits ranging from cash back to travel perks. As financial institutions vie for customers, they roll out increasingly enticing reward programs. In the United States, major global banks have introduced a variety of reward credit cards, each with its unique set of advantages. Let's delve into the specifics of these offerings, highlighting the key features that make them stand out in the competitive landscape of credit card rewards.
Platinum Business FreedomPass Credit Card from OPEN(sm) the Small Business Team
Welcome Bonus: 5,000 points after first purchase
Earning Potential: 1 point per dollar spent
Redemption Options: Flights, hotels, car rentals, cruises with no blackout dates or travel restrictions
Additional Benefits: OPEN Savings® discounts with partners like FedEx, Delta®, Courtyard by Marriott®
Fees: No annual fee, 0% intro APR for 12 months
BoatU.S.™ Platinum Plus® Visa® Card
Introductory Offer: 0% APR on balance transfers and cash advance checks for the first 12 billing cycles
Earning Rate: 1 point per net retail purchase dollar
Redemption Choices: Travel, merchandise, gift certificates, cash
Exclusive Services: Access to MyConciergeSM service
Security: Absolute fraud protection
Fees: No annual fee
Discover® Motiva Card
Unique Feature: Pay-On-Time bonus equal to a full month's interest for 6 on-time payments in a row, twice a year
Cashback: 5% to 20% at top online retailers, up to 1% on all other purchases
Rewards: Unlimited cash rewards with no expiration
Fees: No annual fee
The Knot Credit Card from American Express
Welcome Gift: 5,000 Membership Rewards points after first use, redeemable for a $50 gift card
Bonus Points: Additional 10,000 points for annual spending over $15,000
Wedding Expense Tracking: Dedicated monthly statement for wedding-related expenses
Fees: No annual fee, 12.24% intro APR, no intro period
Financial Rewards® Visa® Platinum Plus® Card
Introductory Offer: 0% APR on purchases and balance transfers for the first 6 billing cycles
Bonus: 5 points with first purchase, points valid for 5 years
Online Services: Online banking and total security protection
Fees: No annual fee
Blue from American Express®
Rewards Program: Fee-Free Rewards Program
Introductory APR: 0% for up to 15 months
Balance Transfer APR: 4.99% Fixed APR for the life of the balance
Fees: No annual fee
Citi® Upromise® Platinum Select® MasterCard®
Introductory Offer: 0% Intro APR for 12 months
College Savings: Up to 10% on grocery/drug store purchases, 2% on Exxon and Mobil gas, 1% on all other purchases
Fees: No annual fee
Citi® Home Rebate Platinum Select® MasterCard®
Rebate: 6% on utilities, cable/satellite TV, internet, telecommunications for 6 months; 1% on all other purchases
Rebate Application: Automatically applied to mortgage principal
Fees: No annual fee, 0% Intro APR for 12 months
Citi® Driver's Edge® Platinum Select® Card
Rebates: For every mile driven, plus 6% on gas station, supermarket, and drugstore purchases for 12 months; 3% after, 1% on all other purchases
Redemption: Car maintenance, or to buy or lease a new or used car
Fees: No annual fee, 0% Intro APR for 12 months
Citi® Platinum Select®/AAdvantage® World MasterCard®
Miles: 15,000 Bonus Miles after first purchase, earn one mile per dollar on eligible purchases, up to 100,000 miles per year
Travel: No blackout dates on American Airlines, redeem miles with over 25 airlines, car rental companies, and hotels
Fees: No annual fee, 18.24% Intro APR
Citi® Diamond Preferred® Rewards Card
Gift Card: $50 after redeeming 6,000 Bonus Points from first purchase
Earning Rate: 5 bonus points per dollar at supermarkets, drugstores, gas stations for 12 months; 1 point per dollar on all other purchases
Fees: No annual fee, 0% Intro APR for 12 months on balance transfers
Citi® Hilton HHonors® Visa® Signature Card
Points: 15,000 HHonors Points with first purchase, earn 3 points per dollar at Hilton Family Hotels, 2 points on other purchases
Membership: Complimentary silver VIP for the first year
Fees: No annual fee
The Chase Business Cash Rewards Card
Cash Back: Up to 5%, unlimited rewards potential
Flexibility: No merchant or category restrictions
Introductory APR: 0% on purchases and balance transfers for up to 12 months
Fees: No annual fee
TripRewards® MasterCard® Credit Card
Introductory APR: 0% on balance transfers and cash advance checks for the first 12 billing cycles
Earning Rate: 2 points per $1 on net retail purchases, 13 points per $1 on TripRewards hotel stays
Fees: No annual fee
Advanta Platinum BusinessCard with Rewards
Introductory Offer: 0% APR for 15 months on balance transfers, 7.99% fixed APR thereafter
Rewards: Choice of 5% Cash Back or Travel Rewards, no earnings limit
Security: $0 Fraud Liability
Fees: No annual fee
American Express® Preferred Rewards Gold Card
Bonus Points: 10,000 Membership Rewards® points after first use
Spending Limit: No pre-set limit
Exclusive Events: Access to Gold Card events
Fees: No annual fee for the first year, $125 thereafter
American Express® Preferred Rewards Green Card
Bonus Points: 5,000 Membership Rewards® points after first use
Transfer Options: Points to 11 frequent flyer programs
Travel Assistance: Global Assist® Plus Hotline
Fees: No annual fee for the first year, $95 thereafter
One from American Express®
Interest-Free Purchases: No interest on new purchases
Savings Plan: Savings AcceleratorSM Plan contributes 1% of purchases to a High-Yield Savings Account
Fees: No annual fee for the first year, $35 thereafter
Bank of America Rewards™ American Express® Card
Introductory APR: 0% on balance transfers and cash advance checks for the first 12 billing cycles
Redemption Options: Travel, hotel discounts, cash, merchandise, gift certificates
Concierge Service: Free 24/7 service
Fees: No annual fee
Business Green Rewards Card from OPENSM The Small Business Team
Bonus Points: 5,000 points to start
Earning Rate: One point per dollar spent
Discounts: With FedEx, Delta®, Courtyard by Marriott®
Fees: No annual fee for the first year, $95 thereafter
Platinum Business FreedomPass® Credit Card
Welcome Bonus: 5,000 points with first purchase
Redemption Options: Flights, hotels, car rentals, cruises with no blackout dates or restrictions
Fees: No annual fee, 0% Intro APR for 6 months
IN:CHICAGOSM Card from American Express®
Earning Rate: One INSIDESM Rewards point per eligible dollar spent
Redemption Cities: Chicago, New York, Los Angeles
Fees: No annual fee, 0% Intro APR for 6 months
IN:LASM Card from American Express®
Earning Rate: One INSIDESM Rewards point per eligible dollar spent
Redemption Cities: Los Angeles, New York, Chicago
Fees: No annual fee, 0% Intro APR for 6 months
IN:NYC® Card from American Express
Earning Rate: One INSIDESM Rewards point per eligible dollar spent in New York City
Redemption City: New York
Fees: No annual fee, 0% Intro APR for 6 months
Chase Flexible Rewards Platinum Visa® Card
Earning Rate: 1 point per dollar spent
Introductory APR: 0% for up to 12 months on all purchases and balance transfers
Fees: No annual fee
Chase Travel Plus Platinum Visa®
Miles: 1 mile per dollar in purchases
Redemption Options: Flights, hotel stays, car rentals, cruises
Introductory APR: 0% for up to 12 months on purchases and balance transfers
Fees: $29 annual fee
Discover® More Sealife Card
Cashback: 5% on Get More purchases in categories that change quarterly, up to 1% on all other purchases
Introductory APR: 0% for 12 months on purchases and balance transfers
Fees: No annual fee
Bank of America Visa Signature® with WorldPoints™
Earning Rate: 1 point per dollar in net retail purchases
Visa Signature Benefits: Preferred seating, dining reservations, merchant discounts, concierge service
Fees: No annual fee, 0% APR for 12 billing cycles
Pet Rewards™ Visa®
Bonus Points: 500 after first purchase
Earning Rate: 1 point per dollar on everyday purchases, 2 points at participating pet-related stores
Redemption Options: Veterinary services, pet food discounts, shelter donations
Fees: No annual fee, 0% Intro APR for six billing cycles
2% Back MasterCard
Cashback: 2% on every purchase
Account Management: 24/7 online access and bill pay
Payment Flexibility: Choose a convenient due date
Security: 100% fraud liability protection
Fees: 0% Intro APR
Discover® Business Miles Card
Introductory Offer: 0% APR for 12 months
Miles: Double Miles on travel and gas, 1 Mile per dollar on all other purchases
Travel Flexibility: No restrictions on airline, date, or seat
Fees: No annual fee
Chase Freedom Cash
Cashback: 3% on purchases at grocery stores, gas stations, quick service restaurants; 1% on all other purchases
Rewards: $50 check after earning $50 in rewards
Introductory APR: 0.05 for 6 months
Fees: No annual fee
Reward credit cards offer a diverse range of benefits tailored to different spending habits and lifestyle needs. From travel enthusiasts to small business owners, there's a card that caters to every type of spender. It's important to consider the fees, introductory offers, and the rewards earning and redemption rates when choosing a card that aligns with your financial goals.
