What are the Top Reward Credit Cards of 2016?

As an expert in English credit cards, I am pleased to provide you with detailed information on the top reward credit cards of 2016. In this article, I will cover the key features and benefits of each card, as well as offer some tips on applying for credit cards, saving money with credit cards, avoiding fees and risks, and recommending credit card companies.

Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card is a popular choice for frequent travelers, thanks to its generous rewards program and travel benefits. Cardholders earn 2 points per dollar spent on travel and dining, and 1 point per dollar on all other purchases. Points can be redeemed for travel, gift cards, or cash back. Additionally, cardholders receive a 25% bonus when redeeming points for travel through the Chase Ultimate Rewards program, and enjoy benefits such as trip cancellation insurance and baggage delay insurance.

American Express Platinum Card

The American Express Platinum Card is another great option for travelers, offering a range of exclusive benefits and rewards. Cardholders earn 5 points per dollar spent on flights and hotels booked through American Express Travel, and 1 point per dollar on all other purchases. Points can be redeemed for travel, gift cards, or merchandise. Additionally, cardholders receive a $200 airline fee credit, access to airport lounges, and concierge services.

Citi Double Cash Card

The Citi Double Cash Card is a straightforward cash back card, offering 1% cash back on all purchases and an additional 1% cash back when the balance is paid off. This card has no annual fee and no limit on the amount of cash back that can be earned. Cash back can be redeemed for statement credits, checks, or gift cards.

Discover it Cashback Match Card

The Discover it Cashback Match Card is another cash back card with a unique twist. Cardholders earn 5% cash back on rotating categories that change every quarter, and 1% cash back on all other purchases. Discover will also match all the cash back earned in the first year of card membership, effectively doubling the rewards. This card has no annual fee and no foreign transaction fee.

Applying for Credit Cards

When applying for credit cards, it is important to consider your credit score and financial situation. Make sure to read the terms and conditions carefully, including the interest rates, fees, and rewards program. Some cards may have minimum spending requirements or introductory offers that expire after a certain period of time. It is also important to avoid applying for too many cards at once, as this can negatively impact your credit score.

Saving Money with Credit Cards

Credit cards can offer a variety of ways to save money, including cash back rewards, discounts, and special offers. Some cards may offer discounts on travel, dining, or shopping, while others may provide free shipping or extended warranties on purchases. Additionally, some cards may offer 0% introductory APRs for a certain period of time, which can be useful for financing large purchases or consolidating debt.

Avoiding Fees and Risks

Credit cards can also come with fees and risks, such as annual fees, late fees, and foreign transaction fees. It is important to pay your balance in full and on time to avoid interest charges and late fees. Additionally, it is important to monitor your account for fraudulent activity and report any suspicious charges immediately. Some cards may also offer fraud protection and purchase protection to help mitigate these risks.

Credit Card Company Recommendations

When choosing a credit card company, it is important to consider factors such as customer service, rewards program, and fees. Some top credit card companies include Chase, American Express, Citi, and Discover. These companies offer a range of credit cards with different rewards programs and benefits, so it is important to select the one that best fits your needs and spending habits.

In conclusion, the top reward credit cards of 2016 offer a range of benefits and rewards for cardholders, including cash back, travel rewards, and exclusive benefits. By carefully considering your credit score and financial situation, as well as reading the terms and conditions of each card, you can choose the card that best fits your needs and helps you achieve your financial goals. Additionally, by following tips on applying for credit cards, saving money, avoiding fees and risks, and selecting the right credit card company, you can maximize the benefits of your credit card and avoid common pitfalls.