Best Credit Cards For Rewards (2023)

FAQs

Best Credit Cards For Rewards? ›

Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion. And only the super rich and famous can expect to get the call, as...

Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion. And only the super rich and famous can expect to get the call, as...

The most prestigious credit cards are the invitation-only Centurion® Card from American Express (Amex Black Card), The Platinum Card® from American Express, and the Chase Sapphire Reserve® card. All three cards require applicants to meet high income and/or spending standards for approval.

The credit limit you can get with a 750 credit score is likely in the $1,000-$15,000 range, but a higher limit is possible. The reason for the big range is that credit limits aren't solely determined by your credit score.

One of the world's most prestigious credit cards is the Centurion® Card from American Express*. Though there may be other cards with more elaborate benefits, those cards are kept well under wraps.

Is AmEx or Chase better for rewards? ›

Both Chase and AmEx points are worth about the same when transferring to partners. Certain Chase cards offer a higher baseline value. Hyatt, Southwest, IHG and United loyalists should choose Chase. Delta flyers, Hilton fans should choose AmEx.

If you have good credit and can avoid costly interest payments, the cash back, points or miles you'll earn with a rewards credit card can definitely be worth it. Just make sure you choose a card with rewards that work best for your spending and will help you get enough value to outweigh any annual fees.

Tier 1 credit is generally defined as a credit score of 750 or higher. The term is most commonly used among auto lenders, but other lenders use it as well. People with tier 1 credit have the highest level of creditworthiness and will usually receive the most favorable terms on loans and lines of credit.

An 800 credit score is not as rare as most people think, considering that roughly 23% of adults have a credit score in the 800-850 range, according to data from FICO. A score in this range allows consumers to access the best credit card offers and loans with the most favorable terms.

There is no official “lowest score” that card issuers will accept because whether you get approved for a card depends on a variety of factors, not just your credit score. That said, it's possible to get a credit card without any credit history or to apply without a social security number.

Many banks and credit unions offer secured credit cards. This can be a great option to build or rebuild credit. Here's how they work: You deposit an amount of money, sometimes known as a security deposit, and the issuer holds it as collateral.