I’m a huge fan of using credit cards. An integral part of my automated personal finance system is the fact that 100% of all my discretionary spending is done on a rewards credit card. The problem is, there are hundreds of different rewards cards out on the market today and sifting through the noise to find the best ones can be tedious. Luckily, I’m a nice guy and have done the dirty work for you.
Below is a list of what I feel are the best rewards credit cards on the market today. As I’ve promised before on this site, any recommendations I make are things I use myself or things I’d be comfortable recommending to my own mother. With that said, here are my picks for the best reward credit cards you can find:
Note: If you have trouble paying your bills on time, or are already in a mountain of debt that you’re struggling to dig out of, a new credit card isn’t the solution! Turn back now, and come back when you’re in a better position to handle a new card.
The Best Rewards Credit Cards:
Discover IT™ Card
As for rewards, the Discover it™ Card gives you 1% cash-back on all your purchases, along with 5% cash back on additional categories that rotate each quarter. You can also earn bonus rewards by automating your bills to be paid by your Discover it™ card each month (which I highly recommend doing). If that wasn’t enough, you can earn up to 20% (yes, 20!) cash back on purchases made directly through Discover’s online shopping portal. Your rewards can be redeemed in the form of gift cards, merchandise or cold hard cash (Rewards are paid out in $50 increments) . Discover will either direct deposit into your bank account or give you a credit against your next monthly bill.
In my opinion the combination of the late payment forgiveness and all the bonus rewards that are possible to earn make the Discover it™ Card one of the very best for your wallet.
More Cards Coming Soon!….