Best Credit Cards for Excellent Credit — You Get the Pick of the Litter
It’s no secret that credit cards can come with perks. The problem is deciding which one to choose! If you have an excellent credit score (typically 750 or above) you are exactly the customer credit card issuers want. They know those with good credit reports have good payment history meaning you are less of a risk of having missed or late payments and are in control of your personal finances. Your fantastic creditworthiness means you get the lowest annual percentage rate (APR) offers, the higher credit limits, the biggest rewards rates, and the most credit card offers. (Sometimes too many!) Choose wisely. Here are the 10 best credit cards for those with excellent credit.
- Overview of the best credit cards for excellent credit
- Best credit cards for excellent credit
- Best credit cards for excellent credit overview
- The bottom line
Overview of the best credit cards for excellent credit
|American Express Platinum Card||Pay Over Time feature|
|Bank of America||Choosing your cash back category|
|Blue Cash Preferred||Cash back on commuting expenses|
|Capital One||Travel perks|
|Chase Freedom Unlimited||Cash back on grocery purchases|
|Chase Sapphire Preferred||Purchase protection benefits|
|Chase Sapphire Reserve||Travel points|
|Chase Ultimate Rewards||Dedicated points program|
|Citi||Airline exclusive cards|
|Discover||No annual fees|
Best credit cards for excellent credit
American Express Platinum Card
The American Express Platinum Card allows you to find out if you’re eligible for offers without actually applying for the credit card, which is a great feature if you want to compare offers from a few cards before you make a decision.
This Amex card has an annual fee of $550 and offers the option to activate the Pay Over Time feature, which allows you to split up your purchases into monthly payments with a fixed fee. There is a limit on how much you can carry as a balance with this feature. Regardless, it can be useful to budget out monthly payments with a fixed fee as opposed to the usual variable APR.
As a Platinum cardmember, you can receive up to $200 for Uber eats orders or rides each year. You’ll also be matched with top-rated drivers as an Uber VIP in available markets. The Platinum Card can also get you up to $100 in statement credits annually if you make purchases at Saks Fifth Avenue or saks.com with your Platinum Card.
Like many cards, this card also offers membership rewards points. You can earn 5x points for flights booked directly with airlines or with American Express Travel. Starting in 2021, you can earn 5x points on up to $500,000 in airline purchases each calendar year. You can also earn 5x points on prepaid hotels booked on amextravel.com. For all other eligible purchases, you can receive up to 1x points.
Bank of America
With an excellent credit score, you’ll be more likely to qualify for a wide range of cards. Fortunately, Bank of America has several cards designed to fit any preference.
Bank of America’s Premium Rewards credit card has a relatively low annual fee of just $95 and comes with a flexible way to use earned points. This card allows you to earn 2 points for every $1 spent on travel and dining purchases. For other purchases, you can earn 1.5 points for every $1 spent with no expiration date. If you spend at least $3,000 on new purchases using your credit card within 3 months of account opening, you can also earn 50,000 sign-up bonus points. Points can be redeemed in many ways, including depositing the money into your Bank of America checking or savings account, or as a statement credit to your credit card.
Bank of America’s Cash Rewards card allows you to earn 3% cash back on a specific category of purchases. Each month, you’ll have the option to change the category or leave it the same. No matter which category you choose, you’ll get 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. Best of all, this card comes with no annual fee, a low introductory APR, and a $200 online cash rewards welcome bonus if you spend at least $1,000 using your card within 90 days of the account opening.
In addition to its Travel Rewards card, Bank of America also offers specialized rewards cards. These options include an Alaska Airlines Visa, Norwegian Cruise Line card, Spirit Airlines World Mastercard, Amtrak Guest Rewards World Mastercard, and more.
Blue Cash Preferred
Blue Cash Preferred is an American Express credit card that offers a $0 introductory annual fee for the first year and a $95 annual fee for every year after.
Whereas some cards focus on earning cash back for more leisurely activities, this card can help you earn cash back on your everyday necessities. You can earn 6% cash back at U.S. supermarkets on up to $6,000 worth of purchases per year. After you’ve spent $6.000 at participating supermarkets within the year, you’ll receive 1% cash back. This card also offers 6% cash back on select U.S. streaming services, including Apple Music, Disney+, HBO Max, Hulu, and Netflix.
If you commute, you’ll benefit from Blue Cash Preferred’s 3% cash back on daily commuting expenses. This includes filling up at gas stations in the U.S., using taxis and rideshare services, parking fees, tolls, trains, and buses. Plus, you’ll earn 1% cash back on every other purchase that you make.
This card also participates in the Plan It monthly payment plan. Plan It allows you to choose your plan length so you can know exactly how much you need to pay each month. There are no interest charges for this plan, but there is a fixed monthly fee that you will be given when you set up the plan.
Capital One offers a few different card types that can benefit those with excellent credit history. There are 12 cards designated for excellent credit levels, including travel rewards cards, cash back rewards cards, and even business rewards cards.
Capital One Venture Rewards is a popular personal credit card from Capital One with a $95 annual fee. Instead of focusing on one category of spending, this card offers unlimited 2x miles per dollar on every purchase you make every day of the year. You can redeem your earned miles for recent travel purchases or transfer them to one of Capital One’s travel loyalty programs. Alternatively, you can use your rewards to pay for purchases from Amazon or other online stores. When you use the Venture Rewards card to purchase your travel fare, you’ll receive automatic travel accident insurance at no additional cost and no foreign transaction fees for purchases made outside of the United States. You’ll also receive up to a $100 credit for Global Entry or TSA PreCheck when you use your Venture card.
For travel rewards without the annual fee, try the Capital One VentureOne Rewards card. Although the rewards aren’t as large, you can earn 1.25 miles per dollar on purchases made with this credit card. Like the Venture Rewards card, you can use these rewards for travel purchases, transfer them to one of the travel loyalty programs, or use them on purchases at select online stores. Additionally, this card comes with complimentary travel accident insurance and no foreign transaction fees.
Both the Venture and Venture One cards may offer bonus miles on eligible purchases during the introductory period. Capital One also offers cash back rewards cards, a Walmart Rewards Mastercard, and more.
Chase Freedom Unlimited
For a card with no annual fee, the Chase Freedom Unlimited card is a great option if you want a credit card that comes with plenty of opportunities to earn cash back. This card allows you to earn a baseline of 1.5% cash back on any purchase and there’s room to earn more from there.
In addition to not having an annual fee, the Chase Freedom Unlimited card has a 0% intro APR for 15 months, after which you’ll have a variable APR of 14.99-23.74%. New cardmembers can earn a 200% bonus after spending $500 on purchases within the first 3 months after opening an account. New members can also earn 5% cash back on grocery store purchases (excluding Target and Walmart) on up to $12,000 within the first year.
Although this Chase card isn’t necessarily a travel rewards card, it does participate in Chase Ultimate Rewards and allows you to earn 5% on travel purchased through the program. In addition to earning 1.5% cash back on any purchase, you can also earn 3% cash back on dining and drugstore purchases. Cash back rewards will remain active and usable for as long as your account is open, and there is no minimum to redeem your cash back rewards.
You’ll also have access to other benefits with this card. If there is an unauthorized charge made with your card or account information, you will not be held responsible. You’ll also have purchase protection for 120 days after purchase against damage or theft, as well as extended warranty protection on eligible warranties.
Similarly, the Chase Freedom Flex has the same rewards except Chase Freedom Flex will only give you 1% on all other purchases. Then again, you can choose your own rotating category to earn another 5% on the selected spending category.
Chase Sapphire Preferred
The Chase Sapphire Preferred card is one of Chase’s top-tier rewards cards. With an annual fee of $95, this card is a favorite among travelers for good reason.
With the Chase Sapphire Preferred card, you can benefit from 1:1 point transfers to airline and hotel loyalty programs. You’ll also get trip cancellation or trip interruption insurance, travel and emergency assistance services, trip delay reimbursement, no foreign transaction fees, and more. These features are what set this card apart if you’re someone who travels frequently, whether it’s for business or leisure.
The Chase Sapphire Preferred card also comes with purchase protection benefits. Purchases made with the card for 120 days against theft or damage, for up to $500 per claim and $50,000 per account. The card’s purchase protection also extends eligible U.S. manufacturer’s warranties by an additional year.
As with most cards, the Chase Sapphire Preferred card offers additional benefits. You can earn 2x points on dining and travel, and 1 point per dollar on all other purchases. When you redeem your points for travel through Chase Ultimate Rewards, you’ll also get 25% more value on your points. The example used by Chase is that 60,000 points are worth $750 toward travel when redeemed through the points program.
Chase Sapphire Reserve
Chase Sapphire Rewards is an upgraded version of the Chase Sapphire Preferred card. The upgraded benefits come with a higher price tag too, and this card’s annual fee is $550, with an additional $75 fee for each authorized user.
The Sapphire Reserve card also uses Chase Ultimate Rewards. You can earn 3X points on dining worldwide and earn 1 point per dollar on all other purchases. For travel-related purchases, this card does things a bit differently. When you use your card for travel purchases, you’ll automatically get a statement credit up until you accumulate $300 in statement credits. After that, you’ll be able to earn 3X points on your travel purchases.
When you redeem your points for travel using this card, you’ll earn even more value. By redeeming your points through Chase Ultimate Rewards, you’ll get 50% more redemption value for travel. Additionally, you can transfer your points at a 1:1 value to airline and hotel loyalty programs.
As a cardmember, you’ll receive purchase protection on all purchases made with the card for coverage of up to $10,000 per claim and $50,000 per year. You can even get reimbursed for eligible items within 90 days of purchase if the store won’t take back your items. Additionally, the card offers travel perks including trip cancellation/interruption insurance, auto rental collision damage waiver, trip delay reimbursement, and lost luggage reimbursement.
Chase Ultimate Rewards
Chase Ultimate Rewards is the points program that goes along with Chase’s rewards credit cards. There are several credit cards that you can choose from to take advantage of this program, with annual fees ranging from $0 to $199.
Chase offers several ways to redeem and use points earned with the Ultimate Rewards program. The points can be used to purchase Apple products through an exclusive Apple Ultimate Rewards Store, book a vacation, purchase gift cards, and more. Some cards offer even more benefits, such as access to exclusive events that you can use your points to attend.
Points can be earned through this program through everyday purchases, and the amount of points that you can receive depends on the Chase card that you sign up for. Some of the categories that you can earn extra points on include travel, dining, and drugstores. If you choose a specific card such as an airline card, you may have access to premium travel benefits including free checked baggage with your flight.
So which Chase card is best? That depends on your shopping habits and what you want to use your points on. The good news is that whether you want to use your points to travel or simply earn cash back on your passion for fine dining, there’s probably a Chase card for you.
Citi offers 16 different credit cards, each of which is designed to provide specific benefits or rewards. These include rewards cards, travel cards, cash back cards, business cards, and even balance transfer cards.
Cards like the Citi Simplicity Card offer modest benefits with minimum fees. There is no annual fee, no late fee, and no penalty fee associated with this card. You can even benefit from a 0% intro APR for 18 months on balance transfers. The balance transfer fee with this card is either $5 or 3% of the transferred amount, whichever is greater.
Citi’s travel rewards credit cards include those that partner with certain travel companies. For example, you can use the Citi/AAdvantage cards to earn American Airlines AAdvantage points through special sign-up offers. You can also purchase an Expedia Rewards card from Citi to earn bonus Expedia Rewards points.
Citi also offers business cards that partner with Costco or American Airlines to help you earn back wherever you need it the most.
There are several Discover cards to choose from, none of which have an annual fee. Unlike some of the other credit card companies, Discover makes it simple to understand the benefits of each card.
A popular Discover card option is the Cash Back Credit Card. This card offers unlimited 1% cash back on all purchases. You’ll also be able to earn 5% cash back on purchases at different places each quarter. At the end of your first year, Discover automatically matches the amount of cash back you’ve earned.
If you prefer travel rewards, the Discover Travel Credit Card may be the better choice for you. You can earn unlimited 1.5x miles on each dollar spent using your credit card, no matter where you’re shopping. At the end of your first year, Discover will automatically match the number of miles you’ve earned.
Discover’s unique no-fee model on all of its cards, as well as the Discover Match at the end of your first year make any Discover card a solid choice for any credit cardholder.
Best credit cards for excellent credit overview
|American Express Platinum Card||$550||15.99-22.99%|
|Bank of America||$0-95||15.99-22.99%|
|Blue Cash Preferred||$0 for the first year, then $95||0% for the first 12 months, then 13.99-23.99%|
|Capital One||$0-95||13.99-26.99%, depending on the card with 0% intro APR on some cards|
|Chase Freedom Unlimited||$0||0% for the first 15 months, then 14.99-23.74%|
|Chase Sapphire Preferred||$95||15.99-22.99%|
|Chase Sapphire Reserve||$550, $75 extra for each authorized user||15.99-22.99%|
|Chase Ultimate Rewards||$0-199 for participating rewards cards||14.99-23.74, depending on the rewards card with 0% intro APR for some cards|
|Discover||$0||11.99-22.99% and 0% intro APR on some cards|
Which card is the best travel card?
It depends on what you want to get from your card. If you want standard trip protection and the ability to earn cash back or miles, you can probably find a card with a low or no annual fee relatively easily. However, if you want perks such as airport lounge access, you may have to go with a card that has an annual fee.
Do all cards have a sign-up offer?
Some cards offer exclusive offers to entice people to purchase a new card. These offers can include bonus sign-up points, 0% interest rates, and more.
Why should you use a credit card?
Using a credit card is a great way to prove your financial trustworthiness and build your credit. As someone that already has an excellent FICO credit score, you’ll likely have access to some of the best credit cards on the market. Using these credit cards can help you earn cash back, miles, or other benefits by simply making everyday purchases as you normally would. Because you get your choice, seek out cards with the lowest APR offers as well as the biggest returns like double cash cards,
The bottom line
If you have excellent credit, you’ll probably have your pick of credit cards. With all of the options out there, it can be difficult to figure out which card is the “best” overall. The important thing to remember is that each credit card is tailored to offer a specific set of benefits.
Choosing the right card takes time and consideration. Think about what you want to get from your card. It could be cash back to put toward your statement balances. Or maybe you want to earn miles and save money on your next vacation. Whatever your goal is, you should focus on credit cards that can help you get there.
Another thing to keep in mind is that some credit card companies have partnerships with companies and stores that could help you benefit even further. For example, if you know that you usually use a specific airline, you might want to look for a credit card that offers bonus miles for that airline.
Remember that no matter which credit card you choose, you’ll want to make sure to use it responsibly to keep your excellent credit status.
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