The Best Credit Cards for People With Excellent Credit
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If you have excellent credit (your credit score is around the 720-850 range), you'll find that you can get some great deals. You'll be approved for a good mortgage rate, saving you thousands in interest. You'll have a better chance at landing a job, getting an apartment rental, and of course, getting a credit card that offers great rewards. (See also: 5 Ways Life Is Amazing with an 800 Credit Score)
If you aren't already using your excellent credit score by scoring one of the best credit cards available, now's the time. Whether you opt for cash back or travel rewards, don't delay in getting the most back for your purchases and expenses. (See also: Cash Back vs. Travel Rewards)
The Best Cards for People With Excellent Credit
Each of the cards on this list are only offered to those with excellent credit, but they offer very high rates of cash back or points. Each has its unique advantages that appeal to different types of cardholders.
Chase Sapphire Preferred® Card
If you have the excellent credit to qualify for the Chase Sapphire Preferred® Card, then you'll have some great rewards to look forward to as a cardmember. Earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide. Get a 1:1 rate when transferring points to partner programs, or redeem travel directly through the Chase Ultimate Rewards portal and get 20% off. There are no foreign transaction fees on the card. This card has an annual fee of $95 that is waived for the first year.
Bonus offer: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 in travel when you redeem through Chase Ultimate Rewards®. You can also earn 5,000 bonus points by adding an authorized user to your account and making a purchase within the first 3 months.
Capital One® Venture® Rewards Credit Card
The Capital One® Venture® Rewards Credit Card is for applicants with an excellent or good credit rating. Unlike other cards that only award bonuses to specific categories, card holders can earn unlimited 2X miles per dollar on every purchase, every day. Like all of their cards, there are no foreign transaction fees. There is a $59 annual fee for this card that is waived the first year.
Bonus: One-time bonus of 40,000 miles once you spend $3,000 on purchases within 3 months of approval — equal to $400 in travel.
Blue Cash Preferred® Card from American Express
Want to use your excellent credit to score some sweet cash back? The Blue Cash Preferred® Card from American Express offers 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, 1% after that), 3% at U.S. gas stations and select U.S. department stores, and 1% on other purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. There is a $95 annual fee for this card.
As a bonus offer, you can earn $150 back in the form of statement credit after spending $1,000 in purchases in your first three months. You also get 0% intro APR on purchases and balance transfers for the first 12 months. After that, your APR will be a variable rate, currently 13.74%-23.74%, based on your creditworthiness and other factors. And if you apply by 5/3/17, you can earn 10% cash back on purchases at U.S. restaurants in the first 6 months, up to $200 back. Terms apply. See rates and fees.
BankAmericard Cash Rewards™ Credit Card
The BankAmericard Cash Rewards™ Credit Card lets people with excellent credit earn some nice cash back rewards. Cardholders can earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter, and Bank of America customers can even receive a 10% customer bonus every time they redeem their cash rewards into a Bank of America® checking or savings account.
New cardmembers can earn $100 online cash rewards bonus after you spend at least $500 in purchases in the first 90 days of account opening. There's also a 0% introductory APR for 12 billing cycles on purchases, and any balance transfers made within the first 60 days; after that, a variable APR that's currently between 13.49% and 23.49% will apply. A 3% fee (minimum $10) applies to balance transfers. There is no annual fee on this card.
Citi® Double Cash Card - 18 month BT offer
The Citi® Double Cash Card - 18 month BT offer from our partner Citi rewards you twice. Once when you make the purchase. Then again when you pay for those purchases. You get 1% cash back when you buy, plus 1% cash back when you pay. There are no category restrictions and no caps. It's a simple and straightforward cash back credit card for those who don't want to engage in signing up for rotating categories or carrying different cards for different purchases. As a sign up offer, you can get 0% APR on balance transfers for 18 months. There is a balance transfer fee of 3%. This card has no annual fee.
As a smart consumer with excellent credit, you should always be receiving the highest return on not just your savings, but on your spending as well.
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