BestCreditCard Home
BestCreditCard Home
BBB

Best Rewards Credit Cards for August 2022

Compare and apply for offers from our partners
Rewards

1. Compare the best rewards credit card offers from our partners
2. Save money on fees and interest & earn valuable rewards
3. Immediate and secure online application

Wells Fargo Active Cash® Card

On Wells Fargo's secure site
Rewards Rate
Earn unlimited 2% cash rewards on purchases
Welcome Offer
Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
0% Intro APR
0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 17.24%, 22.24%, or 27.24% variable APR
Expand Card Details
0% APR for 15 months on purchases from the date of account opening

Blue Cash Everyday® Card from American Express

On American Express's secure site
Terms Apply
Rewards Rate
3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%; 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%; 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%
Welcome Offer
Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
Intro Purchase APR
0% for 15 months on purchases from the date of account opening, then a variable rate, 16.24% to 27.24%
Expand Card Details
5% cash back on purchases in your top eligible spend category

Citi Custom Cash Card

On Citi's secure site
Rewards Rate
Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.
Welcome Offer
Earn $200 in cash back after you spend $750 on purchases in the first 3 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
Intro APR
0% Intro APR on Balance Transfers and Purchases for 15 months.
Expand Card Details
Earn an additional 1.5% cash back your first year

Chase Freedom Unlimited®

On Chase's secure site
Rewards Rate
Enjoy 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases
Welcome Offer
Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.
0% Intro APR
Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.49% - 25.24%.
Expand Card Details
6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases

Blue Cash Preferred® Card from American Express

On American Express's secure site
Terms Apply
Rewards Rate
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 (including taxis/rideshare, parking, tolls, trains, buses and more) , 1% Cash Back on other eligible purchases
Welcome Offer
Earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
Intro Purchase APR
0% intro APR for 12 months on purchases from the date of account opening, then a variable rate, 16.24% to 26.24%
Expand Card Details

SoFi Credit Card

On SoFi's secure site
Rewards Rate
Earn up to 3% cash back rewards for a year, earn unlimited 2% cash back rewards thereafter
Welcome Offer
Earn up to $200 when you fund an Invest account as well as a Checking and Savings account after getting approved for the SoFi Credit Card (See Terms)
Other Perks
Access World Elite Mastercard® perks such as cell phone insurance coverage up to $1,000 and monthly Lyft credit
Expand Card Details

American Express® Gold Card

On American Express's secure site
Terms Apply
Rewards Rate
Earn 4X Membership Rewards® Points at restaurants, 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X), 3x Membership Rewards® Points on flights booked directly with airlines or on amextravel.com/
Welcome Offer
Earn 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
Dining Credit
Updated $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
Expand Card Details
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months

Chase Sapphire Preferred® Card

On Chase's secure site
Rewards Rate
Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
Chase Ultimate Rewards®
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
Expand Card Details

Synchrony Premier World Mastercard®

On Synchrony's secure site
Rewards Rate
2% cash back* on every purchase--no categories, tiers, or limits--no kidding.
Mastercard Benefits
Plus, you'll also gain access to additional key benefits like identity theft protection, money-saving discounts, and concierge travel planning support.
Seamless Cashback
Use your Synchrony Premier card on everything from gas and groceries to your next splurge with the confidence that comes from getting great rewards without complex math or shifting reward limits.
Expand Card Details

Can't decide?

Compare Cards Side by Side

Rewards Credit Cards

Rewards credit cards work on the principle of compensating a user’s purchases by providing rewards in various forms. By awarding attractive rewards, credit card companies can incentivize you to use their cards over other brands. Most card rewards come in three forms: cash back, miles, or points.

Cash Back Rewards

Cash rewards give you the opportunity to redeem your rewards in the form of cash usually in the form of a statement credit or through a platform partner -- like Amazon. Depending on the partners your credit card company has, you may also be able to redeem these rewards via gift cards etc, whereas others may be more restrictive in their redemption policies. Cash back, like most rewards, is earned upon making a purchase made with your credit card.

Points Rewards

The points system works similarly to the cash rewards and is dependent upon how much you spend. Instead of receiving cash as compensation for your purchases, you will receive a certain number of points, dependent on your purchases, that you can redeem for certain goods or services. Typically, points rewards are specific to a particular type of reward -- like travel. The tradeoff is you may earn a higher rewards rate for a particular kind of purchase but may not earn points for general purchases.

In many cases, a points system may be more advantageous since many goods are cheaper through point redemption than via cash redemption. This is more rewarding but often comes at the cost of less optionality. Ideally, you would want to open a card through which you can maintain a point to reward ratio of 1 to 1 (or greater), i.e 1 mile is equivalent to 1 cent or penny.

Travel Rewards/Miles

Travel rewards offer you travel miles in exchange for your travel purchases, which can be used for various purchases, such as hotels and flight updates.

These rewards are often split into two categories, tiered and flat rewards. Flat rewards offer the same fixed rewards regardless of what you purchase. On the other hand, tiered rewards offer different rewards rates depending on the purchase category. Within tiered rewards, the categories with higher reward rates may also change from time to time.

Maximizing Rewards

Apart from the type of rewards cards, it is also crucial to understand how to best maximize the effectiveness of your rewards. For instance, you should look out for rewards cards that offer the biggest bonuses, many of which come in the form of a sign up bonus. Many sign up bonuses can only be redeemed after you have spent a certain amount of money with the card; therefore, it is important to look at how much you usually spend per month. If you don’t want to take the time to perform the manual analysis yourself, you can sign up for a free BestCreditCard account. BestCreditCard’s AI calculates the rewards value for each card you will likely earn in the first year after card opening. Determining if you’re likely to receive your welcome bonus is one of the factors the AI considers when calculating your rewards value.

Points Expiration

When evaluating which new card to apply for, look into if your rewards expire. Some cards will offer rewards that are valid as long as you keep the account open, while others have offers that are valid for a limited period of time only. Similarly, it is also important to understand cash back caps for cash rewards cards. Some cash rewards cards impose caps/restrictions on the rewards you can earn. For example, your rewards rate on a particular category can be higher until you spend a certain amount, after which it declines.

Rewards vs Fees

Rewards also need to be something that financially makes sense for you in the long run. Even if a card you offer has a good rewards rate it is vital to calculate whether these rewards are greater than the annual fee and other fees involved with the card. If you want these calculations done for you, sign up for a free BestCreditCard account. You will see the annual rewards value, less fees, you are likely to earn after the first year of card opening. You can compare cards quantitatively by their value to ensure you get the best card for how you spend.

Considerations

Planning ahead of time will also help increase the effectiveness of your rewards card. If you are looking for your first card you should consider a rewards card for Limited / No credit. If you have credit history, typically the highest rewarding cards are available to individuals with Good or Excellent credit.

Trusted & Secure

BBB
Norton

As Seen In

USA Today
Bloomberg
NBC
Fox Business

Serious Security

We encrypt data you share with us to ensure your experience is both easy and safe.

100% Free

BestCreditCard is completely free. Making the right financial decision shouldn’t cost you.
General Disclaimer
The card offers that appear on this site are from companies from which BestCreditCard receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCreditCard does not include all card companies or all card offers available in the marketplace.
Editorial Disclaimer
All content is written by editorial staff or writers engaged by the site, not by marketers/sales staff. Editors responsible for producing the content are not in contact or affiliated with any advertiser and are not compensated based on success of the affiliate links. All decisions regarding recommendations are determined separately from advertising relationships. Any opinions, analyses, reviews or recommendations expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
Approval Odds
BestCreditCard calculates your approval odds by comparing your credit profile to other BestCreditCard members who were approved for this product. These approval odds are estimates only and do not guarantee approval. Credit card issuers use a variety of different types of credit scores and criteria to make credit decisions. The TransUnion credit score we provide is based on the VantageScore 3.0 model and may not be the credit scoring model used by financial institutions presenting offers on our website.