Best Credit Cards for Excellent Credit of June 2023
Whether you want to pay less interest or earn more rewards, the right card's out there. Just answer a few questions and we'll narrow the search for you.
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 costs, 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 in some way for using it, and the cards on this page all do exactly that. Although no single credit card is "best" for every single user, these cards have earned NerdWallet's highest ratings. It's hard to go wrong with these excellent credit cards for excellent credit.
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NerdWallet's Best Credit Cards for Excellent Credit of June 2023
Wells Fargo Active Cash® Card: Best for Cash back: High rate on all purchases
Blue Cash Preferred® Card from American Express: Best for Cash back: Bonus rewards on groceries, gas, streaming & more
Capital One SavorOne Cash Rewards Credit Card: Best for Cash back: Bonus rewards on dining, entertainment, groceries & more
Chase Freedom Unlimited®: Best for Cash back: Bonus categories + 1.5% on everything else
Chase Sapphire Preferred® Card: Best for Travel: Flexible rewards + big bonus for all-purpose travelers
Chase Sapphire Reserve®: Best for Travel: Rewards and benefits for frequent travelers
The Platinum Card® from American Express: Best for Travel: VIP travel perks
BankAmericard® credit card: Best for Balance transfers / 0% intro APR period
Wells Fargo Reflect® Card: Best for Balance transfers / 0% intro APR period
Cash back: High rate on all purchases
Annual fee
$0
Rewards rate
2%
CashbackIntro offer
$200
Recommended Credit Score
A simple value proposition — a high rewards rate on everything with no categories to remember or track — makes the Wells Fargo Active Cash® Card an ideal one-card solution.
You earn 2% cash back on every purchase. No complications, no catches, no gimmicks. The deal gets even sweeter with a solid bonus offer for new cardholders, a 0% intro APR period, a $0 annual fee and even cell phone protection.
You could probably find higher cash-back rates in your biggest spending categories (such as groceries, restaurants or gas), if you're OK with keeping track of the bonus structures on competing cards.
A simple value proposition — a high rewards rate on everything with no categories to remember or track — makes the Wells Fargo Active Cash® Card an ideal one-card solution.
Cash back: Bonus rewards on groceries, gas, streaming & more
Annual fee
$0 intro annual fee for the first year, then $95.
Rewards rate
1%-6%
CashbackIntro offer
$250
Recommended Credit Score
The Blue Cash Preferred® Card from American Express is the rare cash back card that charges an annual fee, but the rewards it earns are so rich that you might consider that fee a bargain.
- Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
- $0 intro annual fee for the first year, then $95.
- Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
- Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 18.99% to 29.99%
- 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.
- Get $7 back each month after using your Blue Cash Preferred Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.
- Terms Apply.
- View Rates & Fees
You earn 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. The bonus offer for new cardholders is one of the richest on any consumer cash-back card, and there's even a 0% intro APR period. Terms apply.
There's a $0 intro annual fee for the first year, then $95. You'll have to consider if you spend at least $31 a week at U.S. supermarkets to offset that cost. Terms apply.
The Blue Cash Preferred® Card from American Express is the rare cash back card that charges an annual fee, but the rewards it earns are so rich that you might consider that fee a bargain.
Cash back: Bonus rewards on dining, entertainment, groceries & more
- Earn a one-time $200 cash bonus after you spend $1,000 on purchases within the first 3 months from account opening
- Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
- Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
- Earn 8% cash back on Capital One Entertainment purchases
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
- No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
- 0% intro APR on purchases and balance transfers for 15 months; 19.74% - 29.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
- No foreign transaction fee
- No annual fee
Like to go out? You earn unlimited 3% cash back on restaurants and entertainment. Like to stay in? You also earn 3% cash back at grocery stores and on select streaming services. Plus, get 8% back on Capital One Entertainment purchases; 5% on hotels and rental cars booked through Capital One Travel; and 1% on other purchases. With a nice bonus offer, a 0% intro APR period and a $0 annual fee, it's a winner.
If your spending is more concentrated in one food category over the other — dining out or cooking at home — you could do better with a card that specializes in one of those areas.
The Capital One SavorOne Cash Rewards Credit Card is the rare dinner-and-a-movie card that's just as rewarding for homebodies as for those who enjoy the night life.
Cash back: Bonus categories + 1.5% on everything else
Annual fee
$0
Rewards rate
1.5%-6.5%
CashbackIntro offer
$300
Recommended Credit Score
The Chase Freedom Unlimited® has potentially lucrative bonus categories, but what makes it stand out is the rate it pays on purchases outside those bonus categories — a rate 50% higher than most competing cards offer.
- INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
- Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
- After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
- No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
- Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.74% - 28.49%.
- No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
- Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
You earn 5% cash back on travel booked through Chase and 3% at restaurants and drugstores. But instead of the typical 1% on "all other purchases," this card gives you 1.5%. There's a solid bonus offer and a 0% intro APR period, and your rewards can be worth even more if you use them strategically within the Chase Ultimate Rewards® system.
Although it can earn you big rewards on travel bookings, this card does charge a 3% foreign transaction fee, so it's not a good companion abroad.
The Chase Freedom Unlimited® has potentially lucrative bonus categories, but what makes it stand out is the rate it pays on purchases outside those bonus categories — a rate 50% higher than most competing cards offer.
Travel: Flexible rewards + big bonus for all-purpose travelers
Annual fee
$95
Rewards rate
1x-5x
PointsIntro offer
60,000
PointsRecommended Credit Score
The Chase Sapphire Preferred® Card is an outstanding pick if you want maximum flexibility in a travel rewards credit card. Use it on its own or combine your rewards from other Chase cards.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
- Enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, and 2x on all other travel purchases, and $50 annual Ultimate Rewards Hotel Credit, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
- Member FDIC
The card earns 5 points per dollar spent on travel purchased through Chase; 2 points per dollar on all other travel; 3 points per dollar on dining, select streaming services and eligible online grocery purchases (see terms for details); and 1 point per dollar on other purchases. You can use points to book travel through Chase (they're worth 25% more that way), or you can transfer them to a dozen airline and hotel programs. There's a $50 annual credit for hotels booked through Chase, a giant sign-up bonus and more.
The card charges an annual fee of $95. That's standard for cards in its class, and for all you get, it can even be considered a bargain — but it's still an annual fee.
The Chase Sapphire Preferred® Card is an outstanding pick if you want maximum flexibility in a travel rewards credit card. Use it on its own or combine your rewards from other Chase cards.
Travel: Rewards and benefits for frequent travelers
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 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.
- Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 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, 60,000 points are worth $900 toward travel
- 1:1 point transfer to leading airline and hotel loyalty programs
- Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
Book travel through Chase with this card and get 5 points per dollar on airfare and 10X on hotel stays and rental cars. All other travel earns 3X. Like to eat out? Get 10X points on Chase Dining purchases and 3X at other restaurants. Other spending earns 1X. Use points to book travel through Chase (they're worth 50% more when you do) or transfer them to a dozen hotel and airline partners. You get $300 a year in credit for travel expenses, Priority Pass airport lounge access and reimbursement for the application fee for TSA PreCheck or Global Entry. And don't forget the big sign-up bonus.
The $550 annual fee is a big upfront cost, no two ways about it. But the $300 travel credit alone more than cuts it in half.
The annual fee on the Chase Sapphire Reserve® can be intimidating, but regular travelers will find the card paying for itself with a generous suite of benefits.
Travel: VIP travel perks
Annual fee
$695
Rewards rate
1x-5x
PointsIntro offer
80,000
PointsRecommended Credit Score
The Platinum Card® from American Express isn't designed to squeeze maximum value out of your travel dollar; it's designed to help you enjoy the VIP travel experience. Its high price tag reflects this.
- Earn 80,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.
- Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
- $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
- $240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Disney+, ESPN+, Hulu, The New York Times, Peacock, SiriusXM, and The Wall Street Journal. Enrollment required.
- $155 Walmart+ Credit: Walmart+ members enjoy shopping perks – both online and in-store – at Walmart. Use your Platinum Card® to pay for a monthly Walmart+ membership (subject to auto-renewal) and receive a statement credit that covers the full cost each month. $12.95 plus applicable taxes. Plus Up Benefits not eligible.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card.
- $200 Uber Cash: 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 only. Benefit renews annually.
- $300 Equinox Credit: Get up to $300 back per calendar year on an Equinox+ subscription, or any Equinox club memberships when you pay with your Platinum Card®. Enrollment required. Learn more.
- $189 CLEAR® Plus Credit: Breeze through security with CLEAR® Plus at 45+ airports nationwide and get up to $189 back per year on your membership (subject to auto-renewal) when you use your Platinum Card®.
- $100 Global Entry Credit: Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
- Shop Saks with Platinum: Get up to $50 in statement credits semi-annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
- $300 SoulCycle At-Home Bike Credit: Get a $300 statement credit for the purchase of a SoulCycle at-home bike with your Platinum Card®. Must charge full price of bike in one transaction, and an Equinox+ subscription is required.
- Add your Platinum Card® to your Resy profile on the Resy app or website and unlock Global Dining Access by Resy to exclusive tables and events.
- $695 annual fee.
- Terms Apply.
- View Rates & Fees
This is a high-end card designed for high-end travelers. The ongoing rewards are decent: 5 points per dollar on airfare and hotels when booked the right way (terms apply) and 1 point per dollar elsewhere. But the real value lies in the perks. There’s an annual credit of $200 for airline fees and up to $200 a year in Uber credit, for example. You’ll be reimbursed for the application fee for Global Entry or TSA PreCheck every five years and enough for a Clear membership. You have access to more than 1,200 airport lounges worldwide and exclusive perks at hotels. And don’t forget the big welcome offer for new cardholders.
The $695 annual fee is about as high as it gets for a mainstream card. If you don’t spend a lot on travel, the rewards are poor. And while this card is geared to world travelers, American Express isn’t as widely accepted globally as Visa and Mastercard.
The Platinum Card® from American Express isn't designed to squeeze maximum value out of your travel dollar; it's designed to help you enjoy the VIP travel experience. Its high price tag reflects this.
Balance transfers / 0% intro APR period
Annual fee
$0
Rewards rate
No rewards
Intro offer
N/A
Recommended Credit Score
The BankAmericard® credit card isn't flashy, but with one of the longest introductory 0% APR periods available anywhere, why would it need to be?
- 0% Introductory APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.74% - 25.74% Variable APR will apply. A 3% fee applies to all balance transfers.
- No annual fee.
- No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
- Access your FICO® Score for free within Online Banking or your Mobile Banking app.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
You get a 0% intro APR on Purchases for 21 billing cycles and 0% intro APR on Balance Transfers for 21 billing cycles for any balance transfers made in the first 60 days, and then the ongoing APR of 15.74%-25.74% Variable APR. The balance transfer fee of 3% of the transaction is on the low end; some other cards charge 5%.
There are no ongoing rewards, so the card has limited value once the 0% intro period ends. When you get to that point, though, consider upgrading your account to one of the issuer's rewards cards.
The BankAmericard® credit card isn't flashy, but with one of the longest introductory 0% APR periods available anywhere, why would it need to be?
- 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 17.99% to 29.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate, BT fee of 5%, min $5.
- $0 Annual Fee
- Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card (subject to a $25 deductible).
- Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It's an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.
- Select “Apply Now” to learn more about the product features, terms and conditions
- View Rates & Fees
The selling point of this card is pretty simple: 0% intro APR on Purchases for 21 months from account opening and 0% intro APR on Balance Transfers for 21 months from account opening on qualifying balance transfers, and then the ongoing APR of 17.99%-29.99% Variable APR. You also get cell phone protection if you pay your bill with the card.
The card doesn't offer rewards, so its value beyond the 0% intro period is limited (although you could later ask to switch your account to a different card from the issuer). If you're absent-minded, beware: A single late payment could cause your 0% period to be cut off.
The Wells Fargo Reflect® Card boasts an offer that few other cards can match: a 0% intro APR period potentially approaching two years.
Last updated on May 25, 2023
Methodology
NerdWallet's credit cards team selects the best credit cards in each category based on overall consumer value. Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen as among the "best" in multiple categories. Learn how NerdWallet rates credit cards.
