3 Best Rewards Cards for Cash Back and Travel

While it’s been said that people with balances shouldn’t make use of reward cards in particular. This is because rewards come with high interest rates.

However, all this is changing since a number of issuers are taking advantage of the current situation by offering low rates for these very rewards.

In fact, experts believe that this is the ideal time for people to explore these options by not only benefiting from these rewards but also paying debt as a result.

That said, here are a few of reward card options that might interest you:

#1: Cash back

There are a number of cards that are best for cash back rewards. Three of them include Chase Sapphire Preferred, Blue Cash Preferred from American Express and Chase Freedom too.

Since all three of these cards offer cash back benefits, it’s a good idea to check the other benefits offered, and which are best suited to your needs, before you pick one.

#2: Travel

There are three cards that are preferred when it comes to travel and they are the Capital One Venture Card, Southwest Airlines Rapid Rewards and Starwood Preferred Guest.

For the first, you earn a mile for every dollar spent and you get to use your miles against any hotel, airlines, car or another other travel charges on your card.

As for the other two, the Starwood Preferred Guest card is the best for hotel room redemption. As for Southwest, it was voted the best travel card by the Freddie awards for perks such as anniversary bonus, free checked bags and no change or foreign transaction fees either.