There are various types of credit cards and one of them is the rewards credit cards. As the name suggests, rewards credit cards allow you to earn points for rewards on different categories, such as airline miles, hotel stays, grocery purchases, cash back on purchases, etc.
The market is full of rewards credit cards, which are offered by many famous card issuers. Therefore, it becomes difficult for the common public to choose the best card for themselves that can give them some great benefits and perks. Also, since the offers on rewards credit cards keep on changing with time, it becomes quite hard for customers to pick up the best card to earn points for rewards in the present time. In fact, some of the card details can change overnight, because of which it is important to be aware of the different rewards cards.
Therefore, to make things easy for you, we have come out with the best rewards credit cards of 2016 that can help you earn some amazing rewards. This article will provide you all the information and keep you up to date with the best credit cards of 2016 to earn points for rewards.
No matter what kind of benefits you want with your rewards credit card, whether some killer reward rates, free flights, a sign up bonus, free hotel nights, or simply some cash back on your daily purchases, these rewards credit cards have got you covered.
So, let us look at the Smart Finance’s best credit cards of 2016 that can help you to earn points for rewards.
Earn points for rewards with these best credit cards of 2016
Chase Sapphire Preferred
The Chase Sapphire Preferred credit card is one of the best rewards cards in the market, with its incredible travel rewards. It also offers a massive sign up bonus.
- Sign up bonus: With this card, you earn 50,000 bonus reward points after spending $4,000 within the initial three months of opening your card account. In addition to this, you can also receive a 5,000 point bonus, when you make a purchase and add an authorized user to your card in the initial 3 months of your account opening
- The Chase Sapphire Preferred credit card makes you earn 2 points on travel and dining out and 1 reward point per $1 that you spend on all other purchases
- It offers 20% discount in the form of points on travel that you book via Chase Ultimate Rewards
- Annual fees: Introductory annual fees of $0 for the first year and thereafter $95
- Foreign transaction fees: $0; which makes it a great card for overseas travelers
- Its various travel transfer partners include United MileagePlus, British Airways Executive Club, Virgin Atlantic Flying Club, Hyatt Gold Passport, Southwest Airlines Rapid Rewards, Marriott Rewards, The Ritz-Carlton Rewards, and IHG Rewards Club
The Chase Freedom credit card also allows you to earn points for rewards. It is the best rewards credit card for its bonus categories and amazing cash back rewards.
- Sign up bonus: When you apply for this credit card, you get a sign up bonus of $150 after you make purchases worth $500 within the initial 3 months of opening your card account
- The Chase Freedom rewards credit card gives you 5% cash back every quarter on one rotating category, which equals to a maximum of $1,500 in spending , in addition to 1% cash back on your every other purchase
- The rotating bonus categories include gas, groceries, Amazon.com, restaurants, holiday shopping, etc.
- Annual fees: $0
Barclaycard Arrival Plus World Elite MasterCard
The Barclaycard Arrival Plus World Elite MasterCard offers you the best flat-rate travel rewards and works great as a fixed-value travel credit card.
- Sign up bonus: The Barclaycard Arrival Plus World Elite MasterCard offers you 40,000 bonus miles after you make purchases worth $3,000 or more within the first three months of your account opening
- You also get to earn 2 miles on every dollar that you spend on all purchases, in addition to 5% miles back on redeeming your miles, which allows you to save for your next voyage
- There is no restriction on any particular hotel or airline brand, as you can redeem your miles anywhere for a statement credit against the purchase
- Foreign transaction fees: $0
- APR: The card has a 0% introductory APR on balance transfers for the first year and thereafter it charges an ongoing, variable APR between 16.24% and 20.24%
- Annual fees: $89, which is waived for the first 12 months
- Balance transfer fees: 3%
Premier Rewards Gold Card from American Express
The Premier Rewards Gold Card is offered by American Express. It is one of the best rewards credit cards of 2016, as it allows you to earn points for rewards and offers some of the best perks. It is ideal for those people who fly regularly and use their credit card for daily spending, especially at grocery stores and gas stations.
- Sign up bonus: The Premier Rewards Gold Card from American Express offers you Membership Rewards Points of 25,000 after spending $2,000 on purchases within the first 90 days of opening your credit card account
- You also receive 3 points on flights that you book directly with airlines, 2 reward points at US gas stations, US supermarkets, and US restaurants, and 1 reward point on all other purchases
- You can transfer your reward points through the Membership Rewards program of the card at numerous hotel and airline loyalty programs, such as the Starwood Preferred Guest program, jetBLUE, Hilton HHonors, Virgin Atlantic Flying Club, British Airways, etc.
- You can redeem your reward points for everything, including statement credits, merchandise, and direct travel bookings
- Foreign transaction fees: $0; which allows you to travel anywhere in the world while using this card
- Airline fee credit: $100, which is up to $100 per year in baggage fees and much more at one airline brand
- Hotel credit: $75 on qualifying charges, in addition to a room upgrade on arrival
- Annual fees: $0 annual fees for the initial year and thereafter $195
So, choose the best credit card among these for yourself and enjoy great rewards this year. Furthermore, use one of these cards to earn points for rewards and redeem these points at various places, including grocery stores, gas stations, restaurants, etc.