The Best Credit Cards for Excellent Credit in 2020

The Best Credit Cards for Excellent Credit in 2020

Need help choosing a credit card for excellent credit? We shopped current card offers to create a list of the best cards and their pros and cons.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Having excellent credit (a FICO Score above 799 or a VantageScore above 780) is a big achievement: It shows you’ve opened accounts responsibly, paid your bills on time and kept your balances low. One of the perks of this high credit rating? You may qualify for a credit card for excellent credit.

These cards come with a slew of benefits and perks to suit every type of cardholder, from the frequent flyer to the savvy shopper seeking cash back to someone looking for a 0% interest deal to knock out a balance on another card.

It’s not always easy to find the card that’s best for you, so let us help. We looked at cards on ValuePenguin and top issuer sites to choose the cards that offer the most value within certain categories. Here are our picks for the best credit cards for excellent credit available today:

Best credit cards for excellent credit

Recommended CardBest ForAnnual Fee
Chase Sapphire Preferred® Card
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Chase Sapphire Preferred® CardHigh credit limit$95
Apply Now
  • On Chase's Secure Website
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unavailable credit card
Wells Fargo Propel American Express® card$0 annual fee$0Read Review
Citi® Double Cash Card – 18 month BT offer
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Citi® Double Cash Card – 18 month BT offerCash back$0
Apply Now
  • On Citibank's Secure Website
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Blue Cash Preferred® Card from American Express
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Blue Cash Preferred® Card from American ExpressGroceries$0 introductory annual fee for one year, then $95
Apply Now
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The Platinum Card® from American Express
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The Platinum Card® from American ExpressLuxury$550
Apply Now
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Chase Sapphire Reserve®
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Chase Sapphire Reserve®Travel$550
Apply Now
  • On Chase's Secure Website
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Recommended cards
Chase Sapphire Preferred® CardHigh credit limit$95
Apply Now
  • On Chase's Secure Website
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Wells Fargo Propel American Express® cardRead Review
Citi® Double Cash Card – 18 month BT offer
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Blue Cash Preferred® Card from American Express
Apply Now
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The Platinum Card® from American Express
Apply Now
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Chase Sapphire Reserve®
Apply Now
  • On Chase's Secure Website
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What is excellent credit? | How to get excellent credit | How to pick a card for excellent credit | How to get approved | FAQs

Best high limit credit card for excellent credit

Chase Sapphire Preferred® Card

  • On Chase's Secure Website

$95

15.99% - 22.99% Variable

Excellent

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
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Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.

ValuePenguin's verdict

The Chase Sapphire Preferred® Card is one of the top travel cards because of the versatility and value of its rewards. Ultimate Rewards points can be transferred to a variety of airline and hotel partners for great redemption values. The card has an outstanding welcome bonus that’s worth $1,000 in travel on the Chase Ultimate Rewards portal, making the card a good choice for consumers who want to earn a free flight or hotel stay quickly.

The card will serve regular travelers who don’t mind paying a modest annual fee for a solid travel rewards card with plenty of benefits, an excellent welcome bonus and flexible rewards.

Benefits

  • Offers one of the most generous sign-up bonuses available today.
  • Earns Chase Ultimate Rewards points, giving you access to one of the most flexible and valuable credit card rewards programs.
  • Gives you 2X points on travel and dining at restaurants, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases worldwide.
  • Points are worth 25% more when you redeem on travel through the Chase Ultimate Rewards portal.
  • Offers a suite of insurance perks and benefits including primary auto rental insurance, trip and baggage coverage and purchase protection.

Drawbacks

  • The $95 annual fee is reasonable compared with luxury cards, but may be a negative if you prefer a no-annual-fee card.
  • The Chase 5/24 rule, an unofficial rule that can affect your ability to get a Chase card if you’ve opened too many accounts in the past two years, could prevent you from getting the card.
  • The earning rate outside of dining and travel purchases is only 1 point per $1. You may want to pair this with a second Chase Ultimate Rewards card for purchases in other categories.

Best no-annual-fee credit card for excellent credit

Wells Fargo Propel American Express® card

Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months - that's a $200 cash redemption value

ValuePenguin's verdict

The Wells Fargo Propel American Express® card is a standout among $0-annual-fee credit cards for the high value of its rewards. It’s great for savvy consumers who want to leverage their excellent credit and high everyday spending into lucrative rewards without paying for the privilege. This card also is a good choice if you want to transfer a balance or finance a large purchase without paying interest.

The card lets you Earn 3X points on eating out, ordering in and popular streaming services, 3X points on gas stations, rideshares and transit, and 3X points on travel including flights, hotels, homestays and car rentals. Earn 1X points on other purchases. The number of bonus categories and the high earnings in those categories make this one of the best cards for excellent credit.

Benefits

  • Get the benefits of a premium travel card for a $0 annual fee.
  • Generous sign-up bonus for a $0-annual-fee card.
  • Extremely generous rewards earning structure with multiple bonus categories that earn you 3 cents back per $1 spent.
  • Intro APR of 0% for 12 months on purchases and 0% for 12 months on qualifying balance transfers (then a 14.49% to 24.99% (Variable) APR applies)
  • Offers cellphone protection coverage when you pay your phone bill with the card.

Drawbacks

  • Doesn’t offer as many redemption options as cards that allow you to transfer points to other travel programs.
  • Points are worth only 1 cent when redeemed for travel. You’d need to pair this card with the Wells Fargo® Visa Signature® Credit Card to increase your points value by 50% when redeeming for travel on the Wells Fargo Go rewards site.

Best cashback credit card for excellent credit

Citi® Double Cash Card – 18 month BT offer

  • On Citibank's Secure Website

$0

13.99% – 23.99% (Variable)

Excellent

  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
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Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

ValuePenguin's verdict

The Citi® Double Cash Card – 18 month BT offer is a great option for those who prefer simplicity and want to earn a high rate of cash back on all purchases. This card makes it easy to earn and redeem rewards, with no complicated bonus categories. Cardholders Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. The card is perfect for those who are new to rewards cards or are seeking a good balance transfer card.

The Citi® Double Cash Card – 18 month BT offer doesn’t have a sign-up bonus, which could be a plus or a minus depending on your situation. People who don’t spend enough to easily meet minimum spending requirements, and those who dislike tracking spending and chasing bonuses, might prefer the ease of the Citi® Double Cash Card – 18 month BT offer.

Benefits

  • $0 annual fee.
  • Intro APR of 0% for 18 months on Balance Transfers, then 13.99% – 23.99% (Variable).
  • Flexible redemption options include ability to convert cash back into Citi ThankYou points.
  • The card offers the same high rate of rewards on every purchase.

Drawbacks

  • Lacking perks and benefits that come with many credit cards for excellent credit, such as car rental coverage, travel insurance and purchase protection.
  • No sign-up bonus means the card's short-term value is not as good as some cards.

Best grocery credit card for excellent credit

Blue Cash Preferred® Card from American Express

$0 introductory annual fee for one year, then $95

13.99%-23.99% Variable

Excellent/Good

  • Limited Time Offer: Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Offer Expires 12/10/2020
  • Limited Time Offer: $0 introductory annual fee for one year, then $95. Offer Expires 12/10/2020
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
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Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Offer Expires 12/10/2020

ValuePenguin's verdict

The Blue Cash Preferred® Card from American Express is great for foodies, people with large households, or anyone else who spends a lot at the grocery store each month and wants to leverage food purchases into big rewards. The card offers 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 6% Cash Back on select U.S. streaming subscriptions. 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 1% Cash Back on other purchases.

Because the attractive supermarket bonus category only applies to your first $6,000 in grocery spending each year, this card might be good for those willing to pair it with another card that has a supermarket bonus category. You could use this card until you hit the annual limit, then switch to the other card for your grocery shopping.

Benefits

  • A generous 6% cash back at supermarkets and on some streaming services, though these categories have their limits (see Drawbacks below).
  • Benefits include car rental insurance, purchase protection and return protection.
  • Terms apply.

Drawbacks

  • Some might balk at paying a $0 introductory annual fee for one year, then $95 for a cashback card (though the rewards can easily compensate for the fee).
  • The 6% category is limited to your first $6,000 in purchases per year, and after that you get only 1% back.
  • Might not be a great option if your spending doesn’t align with the bonus categories.
  • Terms apply.

For rates and fees of Blue Cash Preferred® Card from American Express, please click here

Best luxury credit card for excellent credit

The Platinum Card® from American Express

$550

See Pay Over Time APR

Excellent/Good

  • Earn 75,000 Membership Rewards® Points after you spend $5,000 on purchases on your new Card in your first 6 months of Card Membership.
  • Earn 10x points on eligible purchases on your new Card at U.S. Gas Stations and U.S. Supermarkets, on up to $15,000 in combined purchases, during your first 6 months of Card Membership. That’s an additional 9 points on top of the 1 point you earn for these purchases.
  • Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member and Additional Centurion Cards only.
  • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel. Starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year.
  • 5X Membership Rewards® Points on prepaid hotels booked on amextravel.com.
  • Enjoy complimentary access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits through American Express Travel with an average total value of $550 with Fine Hotels & Resorts® program at over 1,100 properties . Learn More.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That’s up to $50 in statement credits semi-annually. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
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Earn 75,000 Membership Rewards® Points after you use your new Card to make $5,000 in purchases in your first 6 months.

ValuePenguin's verdict

The Platinum Card® from American Express is a star among luxury credit cards for excellent credit. It’s great for very frequent travelers and high spenders who want a prestigious card with all the perks and don’t mind paying a high annual fee to get these benefits.

Those who make the most of the benefits may find the card pays for itself many times over despite the high annual fee. Those who don’t often use the premium benefits like airport lounge access will have to weigh the cost carefully.

Benefits

  • Gets you access to Amex Membership Rewards, with points that can be transferred to 19 airline and three hotel partners.
  • Earn 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X Membership Rewards® points on prepaid hotels booked on amextravel.com.
  • Access to over 1,200 airport lounges in more than 130 countries, including exclusive Centurion Lounges.
  • $200 airline fee credit for purchases such as checked bags or in-flight beverages.
  • Fee credit every four years for Global Entry or TSA Precheck.
  • Automatic Gold elite status with both the Hilton Honors and Marriott Bonvoy hotel loyalty programs.
  • Insurance perks including car rental insurance and trip delay and cancellation coverage.
  • Get up to $200 a year savings on Uber rides and eats.
  • Terms apply.

Drawbacks

  • Very high annual fee of $550 a year.
  • Travel credits (including the airline fee credit and the Uber credits) come with many restrictions that can make them difficult to use.
  • Not a good choice for infrequent travelers or budget-minded consumers.
  • Terms apply.

For rates and fees of The Platinum Card® from American Express, please click here

Best travel credit card for excellent credit

Chase Sapphire Reserve®

  • On Chase's Secure Website

$550

16.99%-23.99% Variable

Excellent

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants including eligible delivery services, takeout and dining out & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
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Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

ValuePenguin's verdict

The Chase Sapphire Reserve® is the luxury sibling of the Chase Sapphire Preferred® Card. It also offers access to the Chase Ultimate Rewards program and its airline and hotel transfer partners, but has many more benefits and perks at a much higher cost.

The card is good for frequent travelers who want to fly in comfort and style with amenities like airport lounge access and a travel credit that compensates for the high annual fee. This card may be the one for you if you want a high-credit-limit credit card loaded with perks and don’t mind paying a big annual fee because you know you’ll easily earn it back.

Benefits

  • A $300 annual travel credit offsets the high annual fee.
  • Earn 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants including eligible delivery services, takeout and dining out & 1 point per $1 spent on all other purchases.
  • Get 50% more value for your points when you redeem for travel through the Chase Ultimate Rewards portal.
  • Get access to more than 1,000 airport lounges around the world with a free Priority Pass Select membership.
  • Get a $100 statement credit every four years for Global Entry or TSA Precheck application fee.
  • Robust range of insurance protection covers you for auto rental, lost luggage, trip cancellation and delay, purchase protection and extended warranty.

Drawbacks

  • The already-high annual fee recently went up to $550, and there's an additional $75 fee for each authorized user.
  • The sign-up bonus is lower than that of the Chase Sapphire Preferred® Card, which has a much lower annual fee.
  • You can earn the same 3X bonus on dining with two of Chase's no-annual-fee cards — the Chase Freedom Unlimited® and the Chase Freedom Flex℠ — making the Chase Sapphire Reserve®'s high annual fee questionable for all but very frequent travelers.
  • The Chase 5/24 rule could potentially prevent you from getting the card.

What is excellent credit?

Excellent credit is a credit score within a range at the top of a credit-scoring model. A credit score is a number lenders use to assess how risky it is to lend you money, including approving you for a credit card.

There are different credit-scoring models from FICO and VantageScore. The scoring model from FICO 8 is most common and is the one used when you apply for a credit card. The top range of credit scores is referred to as “excellent” by VantageScore and “exceptional” by FICO. The next best category is good, followed by fair, poor and very poor. Below, we offer a breakdown of the VantageScore ranges that fall into each category.

In general, excellent credit means having a credit score in the very high 700s or higher, or in the 800s, depending on the scoring model. A credit score this high typically offers access to a variety of top credit cards for excellent credit.

FICO score ranges

Credit scoreRating
579Poor
580-669Fair
670-739Good
740-799Very good
800+Exceptional (Excellent)

VantageScore ranges

Credit scoreRating
300-499Very poor
500-600Poor
601-660Fair
661-780Good
781-850Excellent

How to get excellent credit

Credit-scoring models use a variety of factors to determine your credit score. These include: how long you’ve had credit, how many recent inquiries lenders have made, whether you’ve paid your bills on time and the types of credit accounts you have in your file.

There are some factors you can’t really do anything about, such as the length of credit history. But there’s plenty you can do to boost your credit score if you’re aiming for excellent credit. The most important factor: make sure you always pay your bills on time. As you can see in the chart below, payment history accounts for 35% of your FICO Score. It also helps to pay down your credit card and loan balances because your debt burden accounts for 30% of your score.

Other ways to boost your score include minimizing the number of credit inquiries on your account. Only apply for credit when you really need it, and avoid applying on a whim, such as at the checkout counter in a retail store. Finally, it helps to have a good mix of types of credit, such as credit cards, a student loan and an auto loan.

Fico Score

How to pick a card for excellent credit

The good news is that having excellent credit may give you access to an array of credit cards for good credit. The downside is that having so many choices can be overwhelming. Here are some questions to ask to narrow down your options and choose a card.

How will you use the card?

The first question that will help you make a decision: How will you use the card? Cards for excellent credit fall into several basic types, and deciding which type suits you best will help you narrow your options. Here are the types of credit cards for excellent credit, and when you might want to consider each one.

Type of credit cardWhen to consider this type of card
Balance transfer cardYou have a balance on a high-interest card, and you’d like to find a 0% interest balance transfer deal to save money.
Low-interest cardYou plan to finance a major purchase like an appliance or piece of furniture on your new card and pay it off over time.
Cashback credit cardYou will pay your balance off in full each month and would prefer to get rewarded for everyday purchases with a cash bonus.
Travel credit cardYou plan to pay off your balance in full each month, will use your card for travel purchases, and would like to rack up points or miles toward future trips.

What do you spend the most on?

Both cashback and travel credit cards typically have bonus categories that allow you to earn extra points and miles for spending on certain items. Different cards have different bonus categories, which may include: gas, groceries, dining out and travel. Some cards have rotating bonus categories that change every quarter, and may include Amazon.com purchases, drug stores or home improvement stores. If you have a card with rotating categories, you typically need to activate the bonus category each quarter to get the extra points.

Sign-up bonus

Many rewards cards offer sign-up bonuses that can boost a card's value. A sign-up bonus is a bonus in the form of cash, points or miles that you can earn when you open a card and spend a certain amount on the card in a certain timeframe. As long as you make sure you can comfortably meet the requirement with your normal spending, and you don’t rack up a balance and pay interest, a sign-up bonus can essentially pay you to open a card. Some sign-up bonuses are big enough to get you a free flight or hotel stay.

Annual fee vs. no annual fee

An annual fee is a fee you pay each year for having a credit card, and it typically appears as a charge on your card when you reach your account anniversary. Annual fees typically range from less than $100 to $550 or more for luxury cards. Cards with high annual fees generally offer robust perks and benefits designed to offset the annual fee. For example, some luxury travel cards offer a $200 to $300 travel credit that will cancel out some of your annual travel costs. If you prefer not to pay to own a credit card, there are plenty of cards that don’t charge an annual fee.

Other benefits

Something else to consider when choosing a card is the other benefits, perks and protections offered by various cards. Many rewards cards for excellent credit offer features such as purchase protection, travel insurance, car rental insurance, concierge services and more. These benefits can help protect the purchases you make with the card, cover you when you travel and just make life easier. It’s worth taking time to read the list of benefits in detail and decide which benefits you’d like to have on your card.

How to get approved for a credit card for excellent credit

Want to get a credit card now? Follow this advice to boost your chances of getting approved for a credit card for excellent credit.

  • Decide which card is the best fit for you. To compare cards and shop for offers, you may want to look online and review any offers you received from card issuers by email or mail. These offers, known as “targeted offers” because they go to specific consumers may be better or worse than the general offers available online.
  • Check your FICO Score before you apply. Credit scores can go up and down from month to month based on various factors, so it’s smart to check yours to make sure it falls in the range classified as “excellent.”
  • If your score falls short of the required rating, one option is to choose a different card.
  • If you have your heart set on a particular card that requires excellent credit, but your credit rating falls a bit short, take a little time to improve your score before you apply. The steps will depend on your situation, but something as simple as paying down a balance on another card may boost your score significantly.
  • If your score is just barely in the range needed, you may want to consider applying in person at the bank. A banker may help to advocate for you to get approved for a card, especially if you have a relationship with the bank.

What's the highest credit rating?

The highest credit rating varies based on the credit-scoring model, but typically the highest credit score ranges are designated as exceptional or excellent. For example, the highest credit rating for FICO is exceptional (credit scores of 800 to 850) and the highest credit rating from VantageScore is excellent (scores of 781 to 850).

What credit cards can you get with a 700 credit score?

A 700 credit score is considered somewhere between good and excellent credit. Within this range you'd be a competitive applicant for credit cards that require good credit. If you'd like to improve your credit score in order to bolster your odds of nabbing a premium credit card, we recommend you check out our credit-building guide.

What is the best credit card for someone with excellent credit?

Credit cards aren't one-size-fits-all. The best credit card for you will depend on your spending, lifestyle and goals. That's why we always recommend that you compare multiple offers before applying to any card.

Is a 750 credit score good or excellent?

A 750 credit score is typically considered good credit in common scoring models like FICO and VantageScore, though this can vary based on the particular scoring model and type of credit you’re seeking. A 750 score is on the higher end of the “good credit” range, so you may be able to qualify for cards that require excellent credit.

How many credit cards should you have for excellent credit?

The number of open accounts you have is only one factor in determining your credit score. Other factors that influence your score include recent account inquiries, credit utilization ratio (how much of your limits you're using), length of your credit history and the variety of loan products you have. If you want excellent credit, it’s recommended that you keep your utilization rate of lower than 30% and limit the number of new account inquiries.

Which credit cards offer the highest credit limit?

Credit limits vary based on the creditworthiness of the cardholder and other factors, such as income and credit utilization. Luxury credit cards such as the Chase Sapphire Reserve® tend to offer higher credit limits to qualified applicants. Chase Sapphire Reserve® cardholders have reported credit limits of $10,000 and up.

What is the hardest credit card to get?

The Centurion® Card from American Express, sometimes referred to as the Black Card, may be the hardest credit card to get because you need a special invitation from Amex to apply and there’s a high financial bar to getting the card. It’s been reported the card requires a $7,500 “initiation fee” and a $2,500 annual fee. Even if you don’t have that kind of cash, or a special invite from Amex, there are plenty of other cards that may be within your reach.

The information related to Wells Fargo Propel American Express® card and Centurion® Card from American Express has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.

Allie Johnson is a freelance content writer who covers personal finance, small business and travel. She writes about maximizing credit card rewards, jetting around the globe on points and miles and an array of other topics. She earned a degree in magazine journalism from Ohio University's E.W. Scripps School of Journalism.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).