Top 5 Best Credit Card Companies in America

#1
Top Rated
  • Citibank Credit Cards
    #1 Rated Credit Card Rewards Company

    • Double Cash Card Offers 2% Cash Back
    • $0 Annual Fee for Cardholders
    • $200 Cash Reward Bonus Available
    • No Restricting Categories
    • No Earning Caps
  • View Site 800-950-5114

#2
  • American Express Credit Cards
    #2 Rated Credit Card Rewards Company

    • Marriott Bonvoy Brilliant American Express® Card
    • Best Travel/Hotel/Point Card
    • Points Can Be Used For Multiple Items
    • $0 Annual Fee for 1st Year, $95 After
    • 75,000 Bonus Points Available to Earn
  • View Site 800-528-2122

#3
  • Chase Bank
    #3 Rated Credit Card Rewards Company

    • Freedom Unlimited Offers 1.5% Cash Back
    • Additional Cash Back for Dining, Drugstore & Travel Purcases
    • $200 Cash Rewards Bonus Available
    • $0 Annual Fee
    • 0% APR for 15 Months
  • View Site 800-432-3117

#4
  • Wells Fargo
    #4 Rated Credit Card Rewards Company

    • Wells Fargo Active Cash Card Offers 2% Cash Back
    • $200 Cash Rewards Bonus Available
    • $0 Annual Fee for Cardholders
    • 0% APR for 15 Months
    • Balance Transfers Made Within 120 Days Qualify for Intro Rates
  • View Site 800-642-4720

#5
  • Bank of America
    #5 Rated Credit Card Rewards Company

    • Customized Cash Rewards Card Offers 1% Cash Back
    • 2% Cash Back at Grocery Stores
    • 3% Cash Back in Category of Your Choice
    • $200 Bonus Offer Available
    • No Annual Fee
    • 0% ARP for First 18 Billing Cycles
  • View Site 800-732-9194

Credit Card Rewards Guide

The US economy has increasingly shifted from being a cash-based system to one that increasingly relies upon credit cards and mobile payments. As such companies have increased the benefits associated with their credit cards to lure in consumers. These benefits typically involve either receiving cash-back or some type of reward (travel/gift cards/hotel rooms, etc.)


Types of Credit Card Rewards

When shopping for a new credit card ensure that you narrow down what you’re looking for in a card. Specifically what type of rewards best aligns with your objectives. Cash-back, travel, gift cards, concerts, sporting events, and charity donations are just some of the categories of rewards that credit card companies offer.

Beyond pure rewards, credit cards may also offer additional benefits such as no foreign transaction fees, roadside assistance, car rental loss and damage insurance, travel accident insurance, extended warranties, extended return policies and fraud protection. Please note that not all cards offer the same benefits so determine what is important as you narrow your list.


What Are The Pros and Cons of a Rewards Card?

There are several considerations to make before deciding to proceed with a rewards credit card. As with any financial decision, it’s helpful to have an understanding of the pros and cons associated. Some of them include:

Pros:

  • There are a lot of different choices of credit cards out there that reward you for everyday purchases that you need to make.
  • Most of the credit cards listed have no annual fee and offer great initial bonus offerings for signing up as well as low initial APR rates.
  • Rewards are typically easy to redeem and can be used for everything from pure cash back to booking flights, hotels, gift cards, etc.
  • Some credit card rewards offer specific bonuses above and beyond the standard rewards for spending on specific categories and on certain products.

Cons:

  • Initial APR interest rates typically only last for 12 – 15 months. Beyond that period interest rates typically jump into the double-digit range.
  • Applying for multiple credit cards in a short period of time in order to take advantage of initial bonus offers may impact your credit score.
  • Terms and conditions are often buried in small print and difficult for consumers to discern. Make sure that you read thoroughly all of the card disclaimers and fees prior to applying.

What is the Process of Getting a Rewards Card?

The process of getting a rewards credit card is pretty straightforward and typically entails the following steps:

  1. Research and identify credit cards that may be right for you. Narrow down your list based on the type of reward that is of interest to you.
  2. Look into what options may be available to you; what you may qualify for based on your credit score; what are the fees (if any) associated with the card and what sign up bonuses/promos may exist.
  3. Apply for a credit card online. Ensure that you’re using the correct bonus/promo code link.
  4. Wait for a decision to come online or in a few days in the mail. Note: If you have a credit freeze the credit card company will typically contact you to ensure that you were the one applying for the card if you don’t lift the freeze prior to applying.
  5. Once you receive your new credit card activate it. From there set up the mobile app, bank account connection, and auto-pay (if applicable).
  6. Ensure that you meet any criteria associated with a bonus/promo within the specified credit card company time frame.

How We Rate Credit Card Rewards Companies

We independently identify credit card companies.  From there our editors review them in a myriad of ways from years in business, product offerings,  customer service, and online reviews amongst other criteria. Our goal is to present objective representations of companies to give consumers informed information to make a decision. Disclosure: We do receive advertising compensation from some partners, which influences what companies appear on our site and where they appear. Review Counsel is a subsidiary of Mutual of Omaha Mortgage, Inc. For additional details please click here.

Best Overall
  • Citibank Credit Cards

    • Double Cash Card Offers 2% Cash Back
    • $0 Annual Fee for Cardholders
    • $200 Cash Reward Bonus Available
    • No Restricting Categories
    • No Earning Caps
  • View Site 0-950-5114