Discover the best cards for excellent credit and reap the rewards of a stellar financial standing. In this comprehensive guide, we'll explore the various credit card options available for individuals with excellent credit scores, discussing their features and benefits. Sit back, relax, and let's dive into the world of credit card rewards for the financially responsible and savvy millennial.
Cards For Excellent Credit Table of Contents
Why Excellent Credit Matters
Having excellent credit isn't just about bragging rights; it opens up a world of opportunities for you when it comes to personal finance. If your credit score is between 740 and 850 (on a scale of 300 to 850), you will likely qualify for the best credit cards on the market. These cards offer a slew of benefits, from generous sign-up bonuses and rewards programs to lower interest rates and waived fees. So, let's explore some of the best cards for excellent credit.
Top Cards for Excellent Credit
When looking for the perfect credit card, it's essential to consider your spending habits and personal preferences. Here are some of the top contenders for excellent credit:
1. Chase Sapphire Preferred
- Generous sign-up bonus: Earn 60,000 bonus points after spending $4,000 in the first three months.
- Valuable rewards program: Earn 2X points on travel and dining purchases, and 1 point per $1 spent on all other purchases.
- No foreign transaction fees: Perfect for international travelers.
- Redemption flexibility: Points can be redeemed for travel, gift cards, cash back, and more.
2. American Express Blue Cash Preferred
- Cash back rewards: Earn 6% cash back at U.S. supermarkets (on up to $6,000 per year, then 1%) and on select U.S. streaming subscriptions, 3% at U.S. gas stations and transit, and 1% on all other purchases.
- Introductory APR: Enjoy a 0% introductory APR on purchases for 12 months before the variable APR kicks in.
- Sign-up bonus: Earn a $250 statement credit after spending $1,000 in the first three months.
3. Citi Double Cash Card
- Simple cash back rewards: Earn 1% cash back on all purchases, and another 1% when you pay off your balance.
- No annual fee: A rarity for cards with such valuable rewards.
- Introductory APR: Enjoy a 0% introductory APR on balance transfers for 18 months (balance transfer fee applies).
4. Capital One Venture Rewards
- Travel rewards: Earn 2 miles per dollar spent on all purchases with no caps or expiration of points.
- Sign-up bonus: Earn a one-time bonus of 60,000 miles after spending $3,000 on purchases in the first three months.
- No foreign transaction fees: Ideal for globe-trotters.
- Redemption freedom: Use miles for any travel expense, with no restrictions or blackout dates.
Cards For Excellent Credit Example:
Consider a young professional named Tara. She has excellent credit and loves to travel. After some research, she decides the Chase Sapphire Preferred card is perfect for her, since it offers a generous sign-up bonus and travel rewards. Thanks to her excellent credit, Tara is approved for the card and enjoys a trip to Europe using the bonus points she earns from her everyday spending.
Now that you're familiar with the top cards for excellent credit, it's time to put your hard-earned financial reputation to good use. Choose the card that best suits your lifestyle and start enjoying the benefits of an excellent credit score. Don't forget to share this article with your financially savvy friends and explore the wealth of resources on Flik Eco for more personal finance and investing tips.
