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Best Rewards Credit Cards for May 2022

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0% APR for 15 months on purchases from the date of account opening

Blue Cash Everyday® Card from American Express
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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%), 2% Cash Back at U.S. gas stations, 1% Cash Back on other eligible purchases.
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, 14.74% to 24.74%
Expand Card Details
5% cash back on purchases in your top eligible spend category

Citi Custom Cash Card
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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.
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6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases

Blue Cash Preferred® Card from American Express
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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
$300 back after you spend $3,000 in purchases on your new Card within the first 6 months.
Intro Purchase APR
0% for 12 months on purchases from the date of account opening, then a variable rate, 14.74% to 24.74%
Expand Card Details
Earn an additional 1.5% cash back your first year

Chase Freedom Unlimited®
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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 15.24% - 23.99%.
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$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.

Bank of America® Customized Cash Rewards credit card
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On Bank of America's secure site
Rewards Rate
3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs for the first $2,500 in combined choice category/grocery store/wholesale club quarterly purchases, 1% cash back on all other purchases
Intro APR
0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. A 3% fee (min $10) applies to all balance transfers.
Regular APR
14.24% - 24.24% Variable APR on purchases and balance transfers
Expand Card Details
$200 online cash rewards bonus for spending at least $1,000 on purchases in the first 90 days of account opening

Bank of America® Unlimited Cash Rewards credit card
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On Bank of America's secure site
Rewards Rate
1.5% cash back on all purchases
Intro APR
0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. A 3% fee (min $10) applies to all balance transfers.
Regular APR
14.24% - 24.24% Variable APR on purchases and balance transfers
Expand Card Details
0% intro APR on Balance Transfers for 18 months

Citi® Double Cash Card – 18 month BT offer
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On Citi's secure site
Rewards Rate
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases
Intro Balance Transfer APR
0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.74% - 24.74%, based on your creditworthiness.
Extra Benefits
No annual fee and free access to Citi Entertainment®
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American Express® Gold Card
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On American Express's secure site
Terms Apply
Rewards Rate
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
60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months.
Dining Credit
$120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required.
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Chase Sapphire Reserve®
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On Chase's secure site
Rewards Rate
Earn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases
Welcome Offer
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Travel Perks
Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority PassTM Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®.
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Unlimited 1.5 points per $1 spent on all purchases - points don't expire

Bank of America® Travel Rewards credit card
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On Bank of America's secure site
Rewards Rate
1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
Welcome Offer
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
Redemption Options
Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
Expand Card Details

SoFi Credit Card
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On SoFi's secure site
Rewards Rate
Up to 2% unlimited cashback
Welcome Offer
Earn up to $100 when you open and fund a SoFi Money and a SoFi Invest 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
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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.

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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.