There are many different types of credit cards, and each one can offer a different rewards program. Which rewards card is right for you depends on your priorities and lifestyle. In this article, we will look at the Capital One Savor Cash Rewards Credit Card, the Citi Double Cash, and the Costco Anywhere Visa. These cards are all great choices. But, do you know what factors should be considered when choosing a rewards credit card?
Capital One Savor Cash Rewards Credit Card
While the Capital One Savor Cash Rewards Credit Card offers a variety of benefits, there are some things to keep in mind before applying for the card. For example, the card does not offer statement credits for travel purchases, but you will be able to get 4% cash back on most dining and entertainment purchases. The Capital One Savor Card does offer a free $300 cash bonus after spending $300 on purchases within the first three months of account opening.
The Capital One Savor Cash Rewards Credit Card requires that you have good credit, which means a Vantage Score of 780 or higher. Capital One has a clear definition of what constitutes excellent credit, and their criteria are very clear. You must have never filed for bankruptcy, defaulted on a loan, or been more than 60 days late on any bill. If you have excellent credit, you should be able to get the card without any trouble, but you’ll still need to pay an annual fee of $95 to receive the rewards.
Citi Double Cash
The Citi Double Cash rewards credit card is an excellent choice for consumers who want to earn cash back on purchases and make minimum monthly payments without having to worry about rotating spending categories. This card earns 2% cash back on all purchases and charges and has no annual fee. It also has a 3% foreign transaction fee, but it comes with no sign-up bonus. Despite its low annual fee, the Citi Double Cash card does not come with a sign-up bonus.
The Citi Double Cash rewards credit card offers no sign-up bonus, but it does offer a flat 2% rewards rate for all purchases. There’s no annual fee and the card lets you redeem rewards for a check, statement credit, or a direct deposit into your Citi account. Although the card has several perks, it is best for individuals who do not regularly make large purchases. As a result, the Citi Double Cash rewards credit card may not be the best choice for people who want a “catch-all” card.
Costco Anywhere Visa
The Costco Anywhere Visa rewards credit card is a great option for those who like to save money at Costco. This card has a $0 annual fee, but you must be a member of the warehouse chain. This card can also be used as a Costco ID, but you need to have good credit to apply. Your credit score must be 750 or higher to be eligible. Once approved, the card offers a host of rewards and is very easy to use.
This rewards credit card has no annual fee and offers 2% cash back on all purchases. You can redeem your rewards for anything from gas to vacations. Cash back rewards are flexible too. Depending on what you buy, you can use them to get free gift cards or gift certificates. However, it is important to remember that this rewards credit card is not worth having if you are stuck paying late fees and interest. Make sure you pay off your balance each month. The Costco Anywhere Visa Card is a great choice for frequent Costco shoppers, but it is not the most convenient for the wallet.