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.
TRAVEL REWARDS CREDIT CARDS
Chase Sapphire Preferred® CardChase Sapphire Preferred® Card 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.
Capital One® Venture® Rewards Credit CardCapital One® Venture® Rewards Credit Card, 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.
Bank of America® Travel Rewards credit cardBank of America® Travel Rewards credit card is lower than for comparable cards, but so is the annual fee — in fact, it’s $0, 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 Preferred Rewards program.
The Platinum Card® from American ExpressThe Platinum Card® from American Express gets you a lot: free access to more than 1,000 airport lounges; up to $200 a year in credit for airline fees such as checked bags and in-flight food and drink; automatic Gold status in Hilton Honors and Gold Elite status in Marriott Bonvoy; and a credit for the application fee for Global Entry or TSA PreCheck.
CASH-BACK CREDIT CARDS
Citi® Double Cash Card – 18 month BT offerCiti® Double Cash Card – 18 month BT offer 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.
Blue Cash Preferred® Card from American ExpressBlue Cash Preferred® Card from American Express 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 no-fee version, the Blue Cash Everyday® Card from American Express, which offers lower rewards and a smaller welcome offer.
(All information about the Blue Cash Everyday® Card from American Express has been collected independently by NerdWallet. The Blue Cash Everyday® Card from American Express is no longer available through NerdWallet.)