Excellent Credit Cards for Excellent Credit

If you have a credit score of 720 or better, every credit card in your wallet should be working hard for you.
Paul SoucyAug 17, 2021
Excellent Credit Gets You the Best Credit Card Offers

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The point of having excellent credit is not to sit there and stare at your credit score. It's to take advantage of the opportunities available to those who have shown they can handle credit responsibly. People with excellent credit get the best terms on financial products — the lowest interest rates, the richest rewards, the nicest perks. That's especially true with credit cards.

If you've got a credit score of 720 or better, every credit card you carry should reward you for using it. Whether you want straight cash back or points or miles you can use for travel, there are great options for those with excellent credit. Many of these cards don't even have an annual fee — and those that do have a fee more than make up for it with a jumbo sign-up bonus, generous ongoing rewards or, often, both.

Got excellent credit? Give these cards a look.

Rewards: 5 points per $1 spent on travel booked through Chase; 3 points per $1 spent on dining at restaurants, select streaming services and online grocery purchases (excluding Target, Walmart and wholesale clubs); 2 points per $1 spent on all other travel; 1 point per $1 spent elsewhere. Annual fee: . Sign-up bonus:  Our take: The  gets thumbs up for flexibility. Points are worth 1.25 cents apiece when you use them to book travel through Chase's online tool. You can also transfer points at a 1:1 ratio to several popular airline and hotel loyalty programs, including United, Southwest, Hyatt and Marriott.

Rewards: 2 miles per $1 spent on everything. Annual fee: . Sign-up bonus: Our take: It's extremely easy to redeem rewards with the , relieving one of the biggest headaches of travel credit cards. Just book travel as usual, pay with your card, and then redeem your miles for a credit against travel expenses. Travel on any airline, stay at any hotel — no restrictions.

Rewards: 1.5 points per $1 spent on everything. Annual fee: . Sign-up bonus: . Our take: The rewards rate on the  is lower than for comparable cards, but so is the annual fee — in fact, it's , so it won't cost you anything to park this card for a while. In addition, you can get a points bonus of 25% to 75% if you also have a Merrill account through Bank of America's program.

Rewards: 2 Membership Rewards points per $1 spent on travel and 5X points for flights and hotels booked through American Express; 1 point per $1 spent elsewhere (see ). Annual fee: Welcome bonus: Our take: If you prefer to travel in style, the steep annual fee on  gets you a lot: free access to  numerous airport lounges and studios; up to $200 a year in credit for airline fees such as checked bags; $200 back in statement credits annually for prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel; up to $179 back annually on your CLEAR® membership; and more.

Rewards: 1% cash back on every purchase, plus another 1% when you pay it off. Annual fee: . Our take: The makes almost every list of NerdWallet's favorite credit cards because its 1% + 1% structure adds up to the best flat cash-back rate around. Even without a sign-up bonus, this is a first-rate everyday credit card.

Rewards: 6% cash back at U.S. supermarkets, on up to $6,000 a year in spending (then 1%); 6% cash back on select U.S. streaming subscriptions; 3% cash back at U.S. gas stations and on transit (including such things as taxis, rideshares, parking, tolls, trains and buses); and 1% cash back on all other purchases. Terms apply (see ). Annual fee: . Welcome bonus:  Our take: The is ideal for families with its rich rewards on gas and groceries. Spend just $31 a week at U.S. supermarkets, and you'll cover the annual fee. Or go for the -annual-fee version, the , which offers lower rewards and a smaller welcome offer (see ).

Rewards: 1.5% cash back on every purchase. Annual fee: . Sign-up bonus: . Our take: Simplicity is the story with the . You get unlimited cash back at a decent rate. You can redeem for any amount (many cash-back cards have minimum redemptions), and if you travel abroad, there's no foreign transaction fee.

Rewards: 5% cash back on up to $1,500 in combined quarterly spending on bonus categories that rotate every three months (activation required); 5% on travel purchased through Chase; 3% on dining at restaurants and purchases at drugstores; and 1% on all other purchases. Annual fee: . Sign-up bonus:  Our take: The permanent bonus categories and the 5% rotating bonus categories on the  make this a potentially valuable addition to any wallet.

To view rates and fees of , see . To view rates and fees of the , see . To view rates and fees of the , see .

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