Best Credit Cards for Points and Benefits to Help You Save Money
Finding the best credit card that gives you benefits and points is significant to those looking to save money and optimize their spending. Many people might believe a credit card is simply just a credit line, but credit cards now offer many benefits that can significantly impact your financial situation.
This article will examine the best credit cards for points and benefits to help you save money and why these are so important for you to use. There will be various options available, including cash back, credit card points, and even the opportunity for special financing and no APR in the first year. But, first, let’s go into further detail about why it matters to find these credit cards to earn points and benefits back.
Why Does It Matter if My Credit Card Has Points or Benefits?
Many people just want a line of credit to have a credit line, but there are many ways to use credit cards to your advantage. For example, credit cards can help you get cash back on many purchases, which can easily be used to help pay off your credit card or even be transferred into investments
Your credit card can also offer perks that might allow you to partake in experiences you otherwise could never be able to afford. For example, your credit card might let you put your points towards trips, which means that by the end of the year, you could have afforded yourself a whole week in Cabo—for free.
It also matters if your credit card has points or rewards because you can maximize these card benefits with regular spending and use this to your advantage. This means that, especially during a recession, you can save money and prepare yourself in advance. All you’re doing is simply using your credit card and getting cash back or rewards in the form of benefits that help you and your family.
Best Rewards and Points Credit Cards Offer
For those unaware of the benefits and points available with credit cards, here are some of the most common examples of what credit cards can offer and how this can benefit you and your family.
Credit Card Points
Often, these credit card points can go towards specific offerings or even come in the form of gift cards, vacation packages, and more. These credit card points vary depending on the company that manages the credit card, but they can offer significant benefits.
Other credit cards will offer you significant cash back on your spending. For example, for every $2 you spend, you potentially get a dollar back. Cash-back can vary depending on the credit card, but those who find credit cards that offer cash back offer excellent introductory offers.
Airline Miles and Hotel Points
Credit cards can offer many benefits for those who enjoy traveling, including airline points, miles, hotel points, and even free vacations depending on how much you spend in a calendar year on your regular purchases.
There are also introductory bonuses that many credit cards offer that come in rewards or points. For example, certain travel or bonus rewards credit cards will allow you to spend money and earn extra points that can come in the form of cash-back, credit card points, or even gifts from using these credit cards.
Best Cards for Points and Cash Back Rewards
With dozens of credit cards in the industry, it can be hard to make a good decision based on what you feel would be most appropriate for you and your family. So here are some of the best cards available for 2022 that offer points or cash-back rewards.
Wells Fargo Autograph Card
The Wells Fargo Autograph Card offers up to 30,000 bonus points on welcoming a new user, and there’s also no annual fee. This has the requirements of 700 for a credit score, but only 17.24% APR with an increase depending upon your credit score.
In addition, when you sign up for your card, you can get up to $600 in cell phone protection, which is a huge benefit for individuals looking for more help and more points back
Chase Freedom Flex
The Chase Freedom Flex is another great credit card that offers many bonuses from the very start. Individuals who first sign up are potentially able to receive a $200 bonus welcome, as well as enjoy no annual fee. These individuals also need at least a 700 for their credit score, but the APR varies between 6.49% and 25.24%.
This credit card is known for having rotating categories with rewards up to $1500 maximum, including travel rewards that beat other travel credit cards. However, the travel plans must be booked through the credit card platform.
Discover it Cash Back Card
The last credit card that is going to be explored for point benefit is the Discover it Cash Back Card. This card has a cash-back match from the credit card provider and no annual fee. There’s also a 700 minimum credit score required, but the APR is an astounding starting rate of 13.49%, possibly reaching up to 24.49% at the maximum.
This card offers 5% cash back with quarterly rotating categories once activated, and within the first year, all cash-back will be matched by the company. There is no minimum cash-back redemption as well. However, it is limited to $1500 per quarter, and the bonus categories must be activated every quarter to be used.
Which One Will Be Your Next Rewards Credit Card?
With all of these options, people can get excited about the future of their credit card usage. With these points and reward systems, especially with so many credit cards willfully signing up new users every day, there are great possibilities to help save money and earn without spending any more than usual.
For more information about finances and wealth management, check the blog regularly to learn more about credit cards, credit scores, and more to get yourself on the right financial path.