Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
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
Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.
Chase is not an affiliate partner with CardRates and does not review editorial content on our site
Credit cards come in all shapes and sizes, from those offering air miles to those that rebuild bad credit. The cards in our Points category boast popular reward programs that enable users to redeem points for everything from gift cards to cash back. Below is a summary of the best points-based cards. Click any card name to visit the issuer's official site.
Here are 2020's best "points and gifts" credit cards:
As things like online shopping, digital payments, and identity theft become more prevalent, credit cards are becoming increasingly necessary for consumer life. In response, more and more credit cards are hitting the market hoping to get their share of the burgeoning consumer base.
As a result of the crowded marketplace, credit card companies are forced to compete against each other for your business. As issuers work to make their products stand out from the crowd, they’re offering better rewards and more diverse bonus categories.
Despite their abundance, however, many people still don’t take full advantage of their credit card rewards points. While this is great for issuers — rewards that aren’t used don’t cost them anything — not making the most of your rewards could be costing you hundreds of dollars each year. Thankfully, maximizing your credit card rewards isn’t difficult, and can be made even easier with a few simple tips.
1. Use the Right Rewards Card
The most important step to maximizing your credit card rewards to make sure you have — and use — the best card for each purchase, starting with the purchases you make most frequently.
For example, if you drive a lot for work, then make sure you are using a credit card that offers a high earnings rate for gas station purchases. If you can responsibly manage multiple credit cards, then you can easily maximize your rewards on nearly every purchase with the right combination of bonus category cards.
2. Use Special Shopping Portals
Rewards credit cards often offer another way to boost your rewards: issuer shopping portals. These portals are typically available through your online banking account and can provide big discounts or bonus rewards for purchases made with partner brands and retailers.
3. Leverage the Value of Your Points
The most popular feature of rewards points is that they tend to offer multiple redemption options, allowing you to customize your rewards. At the same time, not every redemption option will provide the same per-point value, so you may want to consider the best way to get full value before redeeming.
Ultimate Rewards® points from Chase, for example, can be redeemed for cash back at a rate of 1¢ per point, or be redeemed through the Chase travel portal for up to 1.5¢ per point. And transferring your points to a partner airline or hotel loyalty program could give you a value of 3¢ per point or more with a smart redemption.
4. Pay Off Your Balance Every Month
One of the reasons issuers encourage you to use your cards with purchase rewards is in the hopes that you’ll carry a balance, thus providing them revenue through interest fees. You can turn the tables on them, however, by paying off your balance every month before your due date.
So long as your card has a grace period, you won’t be charged interest if you pay your balance in full.
5. Use Your Cards for Every Purchase
In today’s world, nearly any purchase can be made with a credit card. So, if you’re going to be spending the money anyway — you may as well get rewarded for it.
Just make sure to budget the cash by sticking it aside for when the bill comes due. Remember rule number four!
6. Review Your Rewards Cards Periodically
Over time, your spending habits may change or the issuer may alter the card rewards program, making it necessary to re-evaluate your current credit card collection at least once a year. Make sure each card in your wallet is maximizing your rewards; if not, consider replacing it with a better card.
7. Don’t Let Rewards Expire
Accumulating points is, well, pointless if you don’t use them. While many modern rewards programs don’t have expiration dates so long as your account stays open and in good standing, not all rewards points live forever.
In many cases, your card company will notify you before the points are due to expire, but don’t count on your issuer to do the work. Proper planning will ensure you use them long before they expire and disappear for good.
Credit card rewards are a great way to earn a little something extra, as long as you know how to do it right. By following these seven tips, you’ll put yourself in the minority of folks who actually come out ahead with their reward cards. It takes a little effort, but the rewards are worth it.
Editorial Note: Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
The information on this page was reviewed for accuracy on .
About the Author
Brittney Mayer Finance Contributor
Brittney is a Credit Strategist and Finance Expert who has spent years honing her knowledge of the credit industry both personally and professionally. Brittney applies her more than a decade of research experience to crafting in-depth consumer guides designed to help CardRates readers make better, more informed financial decisions.
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