What Are the Top Rewards Credit Cards of 2017?

Top Rewards Credit Cards of 2017: Which Card is Right for You?

Credit cards offer a wide range of benefits, fromcash backand points to miles and other rewards. However, with so many options available, it can be difficult to determine which credit card to choose. That's why we've compiled a list of the top rewards credit cards of 2017, along with their features, benefits, and drawbacks.

Chase Sapphire Reserve

The Chase Sapphire Reserve is one of the most popular rewards credit cards of 2017. It offers a generous sign-up bonus of 50,000 points, which can be redeemed for travel, cash back, or other rewards. Additionally, cardholders earn 3X points on travel and dining purchases, and 1X points on all other purchases.

The downside to this card is its steep annual fee of $450. However, it offers a $300 travel credit each year, which can help offset the cost. Overall, the Chase Sapphire Reserve is a great option for frequent travelers who spend a lot on dining and travel.

American Express Platinum Card

The American Express Platinum Card is another popular rewards credit card. It offers a sign-up bonus of 60,000 points, which can be redeemed for travel, cash back, or other rewards. Cardholders earn 5X points on flights and hotels booked through American Express Travel, and 1X points on all other purchases.

The annual fee for this card is also steep, at $550. However, it offers a range of benefits, including access to airport lounges, a $200 airline fee credit, and a $100 credit for Global Entry or TSA PreCheck. Overall, the American Express Platinum Card is a good choice for frequent travelers who value luxury perks.

Citi Double Cash Card

For those who prefer a more straightforward rewards program, the Citi Double Cash Card is a great option. It offers 2% cash back on all purchases – 1% when you make the purchase, and another 1% when you pay your bill.

This card has no annual fee, which makes it a good choice for those who don't want to pay for a rewards program. However, it doesn't offer a sign-up bonus or other perks like travel credits or airport lounge access.

Choosing the Right Rewards Credit Card

When choosing a rewards credit card, it's important to consider your spending habits, travel preferences, and budget. If you travel frequently and spend a lot on dining and travel, a card like the Chase Sapphire Reserve or American Express Platinum Card may be a good choice. If you prefer cash back and don't want to pay an annual fee, the Citi Double Cash Card may be a better option.

It's also important to read the fine print before applying for a card. Make sure you understand the rewards program, fees, interest rates, and other terms and conditions. Additionally, be sure to pay your bill on time and in full each month to avoid interest charges and late fees.

Saving Money with Rewards Credit Cards

Rewards credit cards can help you save money on travel, dining, and other purchases. However, it's important to use them wisely to maximize your rewards and avoid debt. Here are some tips for using rewards credit cards to save money:

- Choose a card that offers rewards for purchases you already make, such as groceries, gas, or travel.

- Use your rewards to pay for travel, rather than cashing them in for gifts or merchandise.

- Pay your bill in full each month to avoid interest charges and late fees.

- Take advantage of sign-up bonuses and other promotions to maximize your rewards.

Avoiding Credit Card Fees and Risks

Credit cards can also come with fees and risks, such as annual fees, foreign transaction fees, and the risk of fraud or identity theft. Here are some tips for avoiding credit card fees and risks:

- Choose a card with no annual fee or low foreign transaction fees if you travel internationally.

- Monitor your account regularly for unauthorized charges or suspicious activity.

- Use strong passwords and avoid sharing your credit card information online or over the phone.

- Notify your credit card company immediately if your card is lost or stolen.

Recommended Credit Card Companies

There are many credit card companies to choose from, each with its own rewards programs, fees, and benefits. Here are some of the most popular credit card companies:

- Chase: Offers a range of rewards credit cards, including the Chase Sapphire Reserve and Chase Freedom.

- American Express: Offers a range of rewards credit cards, including the American Express Platinum Card and Blue Cash Preferred.

- Citi: Offers a range of rewards credit cards, including the Citi Double Cash Card and Citi ThankYou Preferred.

In conclusion, rewards credit cards can offer a range of benefits, from cash back and points to miles and other rewards. When choosing a rewards credit card, it's important to consider your spending habits, travel preferences, and budget. Additionally, be sure to use your card wisely to maximize your rewards and avoid debt and fees.