Top 5 Rewards Credit Cards for Everyday Spending
Choosing the right credit card for everyday spending can significantly boost your rewards and provide valuable benefits. Whether you’re looking to maximize cashback, points, or specific category bonuses, the right card can make a big difference. Here is a detailed guide to the top five rewards credit cards that stand out for everyday spending in 2023.
1. Chase Freedom Flex℠
Overview: The Chase Freedom Flex℠ is a versatile card that offers a unique combination of rotating category bonuses and fixed cash back rates.
Key Features:
- 5% Cash Back on up to $1,500 on combined purchases in bonus categories each quarter you activate.
- 3% Cash Back on dining, including takeout and eligible delivery services.
- 3% Cash Back at drugstores.
- 1% Cash Back on all other purchases.
- No annual fee.
Why It’s Great for Everyday Spending: The rotating categories cater to various everyday expenses, ensuring you earn substantial cashback throughout the year. Additionally, common expenditures like dining and pharmacy purchases also attract bonus cashback rates.
2. Blue Cash Preferred® Card from American Express
Overview: Ideal for families and individuals who spend heavily on groceries and streaming services, this card delivers exceptional rewards for supermarket transactions.
Key Features:
- 6% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations and on transit.
- 1% Cash Back on other purchases.
- $0 introductory annual fee for the first year, then $95.
Why It’s Great for Everyday Spending: This card is perfect for those who want to earn significant cashback on grocery shopping and streaming, making it a favorite for families.
3. Citi® Double Cash Card
Overview: With a straightforward rewards structure, the Citi® Double Cash Card is perfect for individuals who prefer simple, high-rate cashback on all purchases.
Key Features:
- Earn 2% Cash Back on all purchases: 1% when you buy plus 1% as you pay.
- No category restrictions.
- No annual fee.
Why It’s Great for Everyday Spending: If you prefer consistency without the fuss of revolving categories, this card offers reliable rewards regardless of where you shop.
4. American Express® Gold Card
Overview: A high-rewards card tailored to foodies and travel enthusiasts, providing significant points on dining and groceries.
Key Features:
- 4X Membership Rewards® Points at restaurants, including delivery and takeout.
- 4X Points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
- 3X Points on flights booked directly with airlines or on amextravel.com.
- 1X Points on other purchases.
- $250 annual fee.
Why It’s Great for Everyday Spending: The generous multipliers on dining and groceries, combined with travel perks, make it ideal for those who dine out frequently and travel occasionally.
5. Capital One SavorOne Cash Rewards Credit Card
Overview: Known for offering great rewards on entertainment, dining, and grocery shopping, this card combines solid cashback rates with no annual fees.
Key Features:
- 3% Cash Back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®).
- 1% Cash Back on all other purchases.
- No annual fee.
Why It’s Great for Everyday Spending: With no annual fee and broad category coverage, this card is ideal for dining and entertainment lovers who want to maximize their cashback returns.
Conclusion
Selecting the right rewards credit card can help you earn significant cashback or points, easing the financial strain of everyday purchases. Consider your primary spending categories and choose a card that aligns with your lifestyle. Whether it's maximizing grocery rewards, enjoying dining perks, or earning straightforward cashback, there's a perfect card for every spending habit. Always ensure you review the terms and fees associated with each card to make an informed decision.