Best Credit Cards for Excellent Credit December 1, 2023

Best Credit Cards for Excellent Credit. Choosing the best credit card for excellent credit involves considering various factors, such as your spending habits, preferred reward types, and any specific benefits you’re seeking. People with excellent credit scores (generally 740 or higher) can typically qualify for some of the best credit card offers available. Here are some general categories and what you might look for in a credit card within those categories:

Table of Contents

Best Credit Cards for Excellent Credit

1. Reward Cards

a. Cash Back Cards

High Cash Back Rates: Look for cards that offer high cash back rates on everyday spending categories (like groceries or gas).
Sign-up Bonuses: Some cards offer bonuses if you spend a certain amount in the first few months.

b. Travel Rewards Cards

Generous Sign-up Bonuses: Often points or miles that can be redeemed for travel.
Travel Perks: Such as airport lounge access, travel insurance, or no foreign transaction fees.

c. Points Rewards Cards

Flexible Redemption Options: Such as travel, merchandise, or cash back.
Bonus Categories: Some cards offer extra points in certain spending categories.

2. Low-Interest Cards

Promotional APR Offers: Look for 0% APR on purchases and/or balance transfers for an introductory period.
Low Ongoing APR: If you occasionally carry a balance, a low ongoing APR will be beneficial.

3. Premium Cards

Exclusive Perks: Such as concierge services, travel credits, and more.
Higher Annual Fees: These cards often come with higher annual fees, so ensure the benefits outweigh the cost.

4. No Annual Fee Cards

Decent Rewards: Even without an annual fee, some cards offer solid rewards.
No Foreign Transaction Fees: Some no-annual-fee cards also waive foreign transaction fees.

5. Business Credit Cards

Business-Related Rewards: Look for cards that offer extra points on business-related expenses like office supplies or advertising.
Free Employee Cards: Some cards offer free employee cards and allow you to earn rewards from their spending.

Additional Tips

Consider Your Spending Habits: Choose a card that rewards your most common spending categories.
Look at Redemption Options: Ensure the points or cash back can be redeemed in a way that benefits you.
Check for Fees: Be wary of high annual fees unless the benefits clearly outweigh them.
Consider Additional Perks: Such as insurance, purchase protection, and extended warranty.

Example Credit Cards

1. Chase Sapphire Preferred

Type: Travel Rewards
Sign-up Bonus: Yes
Annual Fee: Yes

2. American Express Blue Cash Preferred

Type: Cash Back
Sign-up Bonus: Yes
Annual Fee: Yes

3. Citi Double Cash Card

Type: Cash Back
Sign-up Bonus: No
Annual Fee: No

4. Capital One Venture Rewards

Type: Travel Rewards
Sign-up Bonus: Yes
Annual Fee: Yes

5. Chase Freedom Unlimited

Type: Cash Back
Sign-up Bonus: Yes
Annual Fee: No

6. The Business Platinum Card from American Express

Type: Business & Travel Rewards
Sign-up Bonus: Yes
Annual Fee: Yes

Note

Credit card offers change frequently, and new cards are introduced regularly. Always check the most recent offers, read the terms and conditions carefully, and consider contacting a financial advisor before making a decision.