As we dive into the world of best rewards credit cards 2018, it's essential to understand how these cards can enhance your purchasing power while offering enticing rewards. In this comprehensive guide, we will explore the top rewards credit cards from 2018, their features, and how you can leverage them to maximize your benefits.
Why Choose a Rewards Credit Card?
Rewards credit cards offer significant advantages that can add value to your everyday spending. Here are some compelling reasons to consider these cards:
- Cashback Opportunities: Earn cash back on your purchases, allowing you to recoup a portion of your spending.
- Travel Rewards: Collect points or miles that can be redeemed for travel-related expenses, such as flights and hotel stays.
- Sign-Up Bonuses: Many rewards credit cards offer substantial sign-up bonuses, giving you a head start in accumulating points or cashback.
- Exclusive Perks: Benefits like travel insurance, purchase protection, and concierge services may accompany your rewards card.
Top Rewards Credit Cards of 2018
In 2018, several credit cards stood out in the rewards category. Below, we detail the best options available at that time.
1. Chase Sapphire Preferred® Card
Key Features:
- Sign-Up Bonus: 50,000 points after spending $4,000 in the first three months.
- Earn Rate: 2x points on travel and dining, 1 point per dollar spent on all other purchases.
- Redemption Options: Points can be transferred to over 12 travel partners or redeemed for 1.25 cents each through the Chase Ultimate Rewards® platform.
Benefits:
The Chase Sapphire Preferred® Card is ideal for travelers who want to maximize their points' value. Points can be redeemed for travel expenses, making it a favorite among frequent flyers.
2. Discover it® Cash Back
Key Features:
- Sign-Up Bonus: Discover will match all the cash back earned in the first year.
- Earn Rate: 5% cash back on rotating categories (like gas stations, grocery stores, etc.), 1% on all other purchases.
- No Annual Fee: This card does not charge an annual fee, making it cost-effective for users.
Benefits:
The Discover it® Cash Back card is perfect for users looking for an easy way to earn cash back without worrying about an annual fee. The 5% cash back in rotating categories allows users to strategically plan their purchases.
3. Capital One® Venture® Rewards Credit Card
Key Features:
- Sign-Up Bonus: 50,000 miles after spending $3,000 in the first three months.
- Earn Rate: 2 miles per dollar on every purchase.
- Redemption Options: Miles can be used for travel expenses, or transferred to over 15 travel partners.
Benefits:
The Capital One® Venture® Rewards Credit Card is an excellent choice for those who appreciate simplicity and flexibility in their rewards. With a flat rate of 2 miles per dollar, it’s effortless to earn and redeem rewards.
4. American Express® Gold Card
Key Features:
- Sign-Up Bonus: 35,000 Membership Rewards® points after spending $4,000 in the first three months.
- Earn Rate: 3x points on dining, 3x on flights booked directly with airlines or on amextravel.com, 1 point on all other purchases.
- Annual Fee: $250
Benefits:
For foodies and travelers, the American Express® Gold Card offers exceptional earning potential in dining and travel categories. Membership Rewards® points can be used for various travel-related purchases, enhancing their overall value.
Tips for Maximizing Rewards
To get the most out of your rewards credit card, consider these tips:
- Know Your Spending Habits: Choose a card that aligns with your spending categories. If you spend a lot on dining, opt for a card with a higher earn rate in that category.
- Pay Your Balance in Full: Avoid interest charges by paying your statement balance in full each month.
- Utilize Sign-Up Bonuses: Take advantage of sign-up bonuses by meeting the required spending threshold.
- Monitor Rotating Categories: If your card has rotating bonus categories, be mindful of them each quarter to maximize your rewards.
- Redeem Smartly: Always check the value of your points or cash back before redeeming. Some cards provide better value for specific redemptions.
Conclusion
Choosing the best rewards credit cards 2018 can significantly enhance your financial strategy. By understanding your spending habits and selecting the right card, you can enjoy fantastic benefits, whether through cash back or travel rewards. Remember to regularly review your options and stay informed on any changes that may affect your card’s rewards program.
With the right credit card, your everyday purchases can lead to exciting rewards and experiences. As the credit card landscape evolves, staying informed is key to making the best choices for your financial future.
