The Top Credit Cards for Rewards and Balance Transfers

Credit cards are a great way to not only build credit but also earn rewards. Whether you are looking to earn points, miles, or cash back, there are a multitude of credit cards available to suit you. Similarly, if you are looking to transfer your existing credit card balance to a new card with a lower interest rate, there are many options to choose from. However, with so many credit cards available, it can be overwhelming to decide which one is right for you. To help make your decision easier, we have compiled a list of the best credit cards for rewards and balance transfers. These cards offer competitive rewards programs and low balance transfer fees, making them a great choice for anyone looking to save money and earn rewards.

Our Top Picks for the Best Credit Cards for Rewards and Balance Transfers

1. Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card is ideal for travelers, who can earn rewards points that are transferable to a variety of frequent-flyer programs. You can also earn points on all purchases, including 2x points on dining and travel expenses. Additionally, this card offers an introductory 0% APR for the first year on both purchases and balance transfers.

2. Discover it® Cash Back
For individuals who prefer cash rewards, the Discover it® Cash Back card is a great choice. You can earn 5% cash back on rotating categories, up to a set spending limit each quarter, and 1% cash back on all other purchases. Moreover, the Discover it® Cash Back card has a 0% introductory APR for 14 months on purchases and balance transfers.

3. Chase Freedom Unlimited
The Chase Freedom Unlimited card is one of the best rewards cards out there, offering unlimited 1.5% cashback on all purchases. On top of that, you will also receive unlimited 5% cashback on purchases in rotating categories every quarter. The best part is that the Chase Freedom Unlimited card comes with a 0% APR for the first 15 months.

4. Citi Simplicity Card
The Citi Simplicity Card is ideal for individuals who are looking for a basic card for balance transfers. Not only does the Citi Simplicity Card have a 0% introductory APR for the first 18 months on balance transfers, but it also doesn’t charge any late fees or penalty APRs.

5. Bank of America Cash Rewards Credit Card
The Bank of America Cash Rewards Credit Card is perfect for individuals who want cash rewards, with the added benefit of a 0% APR for the first 12 months. You can earn 3% back on a category of your choice, 2% back on grocery stores and wholesale clubs, and 1% back on all other purchases.

6. Wells Fargo Cash Wise Visa® Card
The Wells Fargo Cash Wise Visa® Card is a fantastic card for individuals who want to earn cashback rewards. You can earn 1.5% cashback on all purchases, including 1.8% cashback on qualified mobile wallet purchases. The Wells Fargo Cash Wise Visa® Card also comes with a 0% APR for the first 15 months.

7. U.S. Bank Visa® Platinum Card
The U.S. Bank Visa® Platinum Card is one of the best balance transfer cards on the market, with an introductory 0% APR for the first 18 billing cycles on balance transfers. The card also has no annual fee and provides free credit score access to its cardholders.

8. American Express Blue Cash Preferred Card
For those who want a card that offers great cash rewards on everyday purchases, the American Express Blue Cash Preferred Card is the way to go. You can earn 6% back on grocery store purchases, 6% back on select streaming services, 3% back on transit, and 1% back on all other purchases. On top of that, you will receive a 0% APR for the first 12 months.

9. Capital One® Venture® Rewards Credit Card
The Capital One® Venture® Rewards Credit Card is a terrific choice for frequent travelers. You can earn unlimited 2X miles on every purchase, and you can redeem your rewards for travel expenses like flights, hotels, and car rentals. Additionally, the card also has a 0% introductory APR for purchases for the first 12 months.

10. Citi Double Cash Card
The Citi Double Cash Card is an excellent card for cashback rewards. Cardholders can earn 2% cashback on all purchases- 1% when making a purchase and an additional 1% when paying your statement balance. Furthermore, the Citi Double Cash Card also offers a 0% introductory APR on balance transfers for the first 18 months.

In conclusion, if you want to earn rewards and save on interest payments at the same time, these are some of the very best credit cards for rewards and balance transfers on the market today. Consider your spending habits and goals before selecting the one that is right for you.

Introduction to Credit Card Rewards and Balance Transfers

Credit cards have become an integral part of our daily financial life. They offer convenience, flexibility and rewards that make spending more enjoyable. Among the most exciting perks of using credit cards are rewards points, cash back, and other benefits. With a rewards credit card, you earn points each time you spend. The points you accumulate can be redeemed for various rewards such as travel miles, statement credits, and merchandise. On the other hand, balance transfer credit cards offer an excellent opportunity to consolidate debt and save money on interest.

Best Credit Cards for Rewards and Balance Transfers

1. Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card is a top-rated rewards credit card. It offers a generous 100,000-point sign-up bonus after you spend $4,000 on purchases in the first three months. You can use these points toward travel or redeem them for cash back. This card also offers a 1:1 point transfer to leading airline and hotel loyalty programs, making it easy to maximize your rewards.

2. Citi Double Cash
Citi Double Cash is a popular cash-back credit card that offers an unmatched 2% cash back on every purchase. You earn 1% cash back when you make a purchase and another 1% when you pay your bill, which makes it perfect for building a long-term credit card strategy around. Additionally, the card has no annual fee, making it a great option for those who want to save money on credit card costs.

3. Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card is ideal for those who want a hassle-free travel rewards credit card. With this card, you earn 2 miles per $1 spent on every purchase, and you can redeem your miles for travel or use them as a statement credit to offset other purchases. The card offers a one-time bonus of 60,000 miles after spending $3,000 on purchases within three months of account opening.

4. American Express Blue Cash Everyday Card
The American Express Blue Cash Everyday Card is one of the best cash-back credit cards for everyday purchases. It offers 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%), making it perfect for those who do a lot of grocery shopping. The card also gives 2% cash back at gas stations and select U.S. department stores, and 1% cash back on all other purchases.

5. Discover it Cash Back
As its name suggests, the Discover it Cash Back credit card helps you earn cash back on your purchases. Cardholders can earn 5% cash back on rotating categories each quarter (up to $1,500 in purchases per quarter, then 1%), such as Amazon.com, grocery stores, restaurants, gas stations, and more. The card also offers 1% cash back on all other purchases.

6. U.S. Bank Visa Platinum Card
The U.S. Bank Visa Platinum Card is a balance transfer credit card that offers 0% APR for the first 20 billing cycles on balance transfers and purchases. This card has no annual fee and lets you transfer balances from high-interest credit cards to save money on interest. Additionally, you get free access to your TransUnion credit score and have the ability to choose your payment due date.

7. Chase Freedom Flex
The Chase Freedom Flex credit card offers a variety of perks, including 5% cash back on rotating categories (up to $1,500 per quarter, then 1%), such as grocery stores, gas stations, and restaurants. What’s more, you earn 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back on dining and at drugstores, and 1% cash back on all other purchases.

8. Bank of America Premium Rewards Credit Card
The Bank of America Premium Rewards Credit Card is a high-end travel rewards credit card that offers 2X points on travel and dining purchases and 1.5X points on all other purchases. You can redeem your rewards points for travel, statement credits, or cash back. The card has a $95 annual fee, but the benefits and rewards make it worth considering.

9. Citi Diamond Preferred Card
The Citi Diamond Preferred Card is another balance transfer credit card that offers 0% APR for the first 18 months on balance transfers and purchases. This card has no annual fee and offers perks such as access to Citi Entertainment, which gives you access to presale tickets, exclusive experiences, and more.

10. Wells Fargo Propel American Express Card
The Wells Fargo Propel American Express Card is a popular rewards credit card that offers a unique points program. With this card, you earn 3X points on dining, gas stations, rideshares, transit, flights, hotels, homestays, and popular streaming services. Additionally, you earn 1X point on all other purchases. The card has no annual fee, making it an excellent option for those who want to maximize their rewards without breaking the bank.

In conclusion, choosing the right credit card is crucial in maximizing the rewards you earn and saving money on interest. Be sure to consider your spending habits, preferences, and financial goals when selecting a credit card that’s right for you.

Top Credit Cards for Rewards and Balance Transfers

If you’re looking for a credit card that offers both rewards and balance transfer options, you’re in luck. There are several great credit cards available that offer both, making them an excellent choice for anyone looking to make the most of their money. Below are five of the best credit cards for rewards and balance transfers.

1. Chase Freedom Unlimited

The Chase Freedom Unlimited credit card is ideal for those who want to earn rewards on their purchases but also need to transfer high-interest balances to a low APR card. This card not only offers a 15-month 0% APR introductory period on balance transfers, but it also allows cardholders to earn cashback rewards on all their purchases. With no annual fee, this credit card is an excellent choice for anyone looking to save money on interest and earn rewards on their purchases.

2. Discover it Cash Back

The Discover it Cash Back credit card is ideal for those looking to earn cashback rewards on their purchases and save money on interest rates. This card offers a 14-month 0% APR introductory period on balance transfers and earns 5% cashback on up to $1,500 in purchases in rotating categories, which change every three months. This credit card also allows cardholders to earn 1% cashback on all their other purchases.

3. Citi Double Cash

The Citi Double Cash credit card is ideal for those who want to earn cashback rewards on all their purchases and pay off high-interest debts. This card offers a 18-month 0% APR introductory period on balance transfers and allows cardholders to earn 2% cashback on all their purchases, 1% on the purchase and 1% on the payment. With no annual fee and a straightforward rewards system, the Citi Double Cash credit card is an excellent choice for anyone looking to maximize their rewards and pay off high-interest debts.

4. Bank of America Cash Rewards credit card

The Bank of America Cash Rewards credit card offers cardholders rewards for everyday purchases and balance transfers. This credit card offers a 0% APR introductory period on balance transfers for the first 15 billing cycles, and cardholders can earn 3% cashback in a category of their choice, 2% in grocery stores and wholesale clubs, and 1% on all other purchases. The card also offers a $200 cash rewards bonus after spending $1,000 in the first 90 days of opening the account.

5. Wells Fargo Propel American Express® card

The Wells Fargo Propel American Express® card is an excellent option for those who want to earn rewards on their purchases and balance transfers. The card offers a 12-month 0% APR introductory period on balance transfers, and cardholders can earn 3 points per dollar spent in several popular categories, including dining, travel, and streaming services. The card also offers 1 point per dollar spent on all other purchases and no annual fee.

Credit Card Balance Transfer Length Rewards Annual Fee
Chase Freedom Unlimited 15 months Cashback rewards on all purchases No annual fee
Discover it Cash Back 14 months Rotating 5% cashback categories No annual fee
Citi Double Cash 18 months 2% cashback on all purchases No annual fee
Bank of America Cash Rewards 15 billing cycles 3% cashback on a category of choice No annual fee
Wells Fargo Propel American Express® card 12 months 3 points per dollar in popular categories No annual fee

In conclusion, with the above-listed information, you can evaluate the options and select the best credit card for your requirements. Make sure you select the right card that suits your spending habits, credit score, and balance transfer goals.

Here are some relevant links based on the given list:

– Learn about the different credit cards that offer rewards and balance transfers with this Money Crashers article.
– Check out Bankrate’s list of the best balance transfer credit cards to help reduce your debt and earn rewards.
– NerdWallet has compiled a list of the top balance transfer and rewards credit cards to help you save money and maximize your benefits.
– See what Credit Karma recommends as the best balance transfer credit cards for rewards with their comprehensive guide.
– Forbes’ list of the best balance transfer and cashback rewards cards can help you make an informed decision on which card to apply for.

Pros and Cons of the Best Credit Cards for Rewards and Balance Transfers

When it comes to choosing the best credit card for rewards and balance transfers, there are many options available in the market. Each credit card has its pros and cons, and it’s crucial to weigh them carefully before making a decision. In this section, we’ll discuss the pros and cons of the best credit cards for rewards and balance transfers.

1. Chase Freedom Unlimited

Pros:

-Generous Rewards Program: The Chase Freedom Unlimited offers unlimited 1.5% cashback on all purchases, making it an excellent choice for those who prefer simplicity.

-Sign-up Bonus: New cardholders can earn a $200 cashback bonus after spending $500 in the first three months.

-Introductory APR: It also has an introductory 0% APR on purchases and balance transfers for the first 15 months.

Cons:

-Balance Transfer Fee: Although the card offers an introductory APR on balance transfers, it charges a balance transfer fee of 3% of the amount transferred.

2. Citi Double Cash

Pros:

-High Cashback Rates: The Citi Double Cash credit card allows you to earn 2% cashback on all purchases, 1% when you make your purchase, and another 1% when you pay your bill.

-No Annual Fee: You won’t be charged an annual fee when using this credit card, making it an excellent choice for those who want to keep things simple.

Cons:

-No Sign-Up Bonus: Unlike other credit cards, the Citi Double Cash credit card doesn’t offer a sign-up bonus.

-Foreign Transaction Fee: If you travel frequently abroad, you’ll have to pay a foreign transaction fee of 3%.

3. Discover it Cash Back

Pros:

-Rotate Category Bonuses: The Discover it Cash Back card offers a rotating category bonus, which allows you to earn 5% cashback on different purchases each quarter.

-Sign-Up Bonus: New cardholders can earn a dollar-for-dollar match of all the cashback they’ve earned at the end of their first year.

Cons:

-Activation Required: You need to activate every quarter to be eligible for the rotating category bonus.

-Limited Acceptance: Discover isn’t as widely accepted as other card networks; thus, you might encounter problems using the card in some places.

4. Bank of America Cash Rewards

Pros:

-Good Rewards Structure: The Bank of America Cash Rewards credit card offers 3% cashback on your choice of category, including gas, online shopping, dining, travel, drugstores, or home improvement/furnishings. You also earn 2% on grocery stores and wholesale clubs and 1% on all other purchases.

-No Annual Fee: The card also has no annual fee, making it an excellent choice for those who want a simple no-frills card.

Cons:

-Low Sign-Up Bonus: The card offers a $200 cashback bonus after spending $1,000 in the first 90 days, which is lower compared to other credit cards.

-Foreign Transaction Fee: The card charges a foreign transaction fee of 3%.

5. Capital One Quicksilver Cash Rewards

Pros:

-Simple Rewards Program: The Capital One Quicksilver Cash Rewards card offers 1.5% cashback on all purchases, with no rotating categories or earning limits.

-No Annual Fee: The card has no annual fee, making it an excellent choice for those who don’t want to pay extra.

Cons:

-No Rotating Bonuses: Unlike other cards, the Capital One Quicksilver Cash Rewards card doesn’t offer rotating bonuses.

-Foreign Transaction Fee: If you travel abroad, you’ll have to pay a foreign transaction fee of 3%.

In conclusion, the best credit card for rewards and balance transfers depends on your personal needs and preferences. Each of these cards has its pros and cons, and it’s up to you to weigh them carefully before making a decision. However, by considering the information above, you can make an informed decision and choose the card that best suits your financial lifestyle.

Take Your Pick and Get Rewarded!

So there you have it, folks! The top credit cards for maximizing rewards and balance transfers. We hope that we have helped you in your search for the perfect card that suits your needs. Remember, use these cards wisely, and watch your rewards stack up in no time. Thanks for reading this article, and we invite you to check back regularly for more finance tips and advice. Happy swiping!

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