What Are the Best Rewards Credit Cards of 2015?

The Best Rewards Credit Cards of 2015: A Comprehensive Guide

As consumers, we all want to get the most out of our spending. One way to do this is throughrewards credit cards. These cards offer incentives and bonuses for using them, such as cash back, points, miles, or other rewards. With so many options available, it can be overwhelming to choose the right one. In this article, we will go over the best rewards credit cards of 2015 and what makes them stand out from the rest.

Cash Back Credit Cards

Cash back credit cards are a popular choice for those who want to earn money back on their purchases. The Chase Freedom card is one of the bestcash back credit cardsavailable. It offers 5% cash back on rotating categories, such as gas, groceries, and restaurants, and 1% cash back on all other purchases. The Discover it card is another great option, with a similar rewards structure and no annual fee.

Travel Rewards Credit Cards

Travel rewards credit cards are ideal for those who frequently travel and want to earn rewards for their trips. The Chase Sapphire Preferred card is one of the besttravel rewards credit cardsavailable. It offers 2 points per dollar spent on travel and dining, and 1 point per dollar spent on all other purchases. These points can be redeemed for travel, gift cards, or cash back. The American Express Platinum card is also a popular choice, with perks such as airport lounge access, hotel upgrades, and a $200 airline fee credit.

Gas Rewards Credit Cards

Gas rewards credit cards are perfect for those who frequently drive and want to earn rewards for their gas purchases. The Bank of America Cash Rewards card is one of the bestgas rewards credit cardsavailable. It offers 3% cash back on gas purchases, 2% cash back on groceries, and 1% cash back on all other purchases. The PenFed Platinum Rewards Visa card is another great option, with 5 points per dollar spent on gas purchases and no annual fee.

Tips for Applying for Rewards Credit Cards

When applying for rewards credit cards, it is important to do your research and compare different options. Look for cards with low or no annual fees, generous rewards programs, and flexible redemption options. Make sure to read the fine print and understand any fees or restrictions associated with the card. It is also important to maintain good credit, as rewards credit cards typically require a good credit score for approval.

Saving Money with Rewards Credit Cards

One way to save money with rewards credit cards is by using them for everyday purchases and paying off the balance in full each month. This allows you to earn rewards without accruing interest charges. Another way to save money is by taking advantage of sign-up bonuses and promotional offers. Many rewards credit cards offer bonuses for signing up and meeting certain spending requirements within a set timeframe.

Avoiding Fees and Risks with Rewards Credit Cards

To avoid fees and risks associated with rewards credit cards, it is important to read the terms and conditions carefully. Make sure to understand any fees associated with the card, such as annual fees, balance transfer fees, and foreign transaction fees. It is also important to pay your bill on time and in full each month to avoid interest charges and late fees. Finally, be aware of potential scams and fraud, and report any suspicious activity to your credit card company immediately.

Final Thoughts

Rewards credit cards can be a great way to earn money back, travel rewards, or other incentives for your spending. By doing your research and choosing the right card for your needs, you can maximize your rewards and save money in the process. Just be sure to read the fine print, maintain good credit, and avoid any fees or risks associated with the card.