Best Credit Cards For Excellent Credit

Do you have excellent credit? Then you may qualify for the best credit cards available on the market. These typically offer generous rewards and benefits to help you make the most out of your use.

According to Credit Karma, excellent credit scores are higher than 780 on the VantageScore scale, or 800 for FICO. If that’s you, here are a few suggestions from Credit Karma to find the best credit cards for you.

Best For Travel Rewards On A Dime

Bank of America Travel Rewards

 

  • Rewards rate: 1.5x points per dollar
  • Welcome bonus: 25,000 points (estimated $250 value)
  • Annual fee: $0

 

With the Bank of America Travel Rewards credit card, you can get 25,000 points when you spend $1,000 within 90 days after opening your new account — a $250 statement credit good for your next travel purchase. 

If you are a Preferred Rewards cardholder, you’ll receive 25% – 75% additional points every time you swipe your card. Unlike other travel credit cards, there are no restrictions on booking dates, hotels, etc. You can exchange your rewards for statement credit to cover the cost of car rentals, hotel stays, airline tickets, baggage, and more. 

The Bank of America Travel Rewards card offers 0% APR for 12 months, followed by 14.99% to 22.99%, depending on your credit. 

Best For Balance Transfers

Citi Diamond Preferred

  • Intro balance transfer APR: 0% for 18 Months
  • Regular balance transfer APR: 14.74% – 24.74% Variable
  • Balance transfer fee: 3% or $5
  • Annual fee: $0

 

This credit card offers 0% APR for the first 18 months, plus 0% APR for the same period when you transfer your balance to your Citi Diamond Preferred card. Per Citi’s restrictions, you must finish a balance transfer in the first four months you open the card. 

Citi also offers cardholders several useful perks. You can check your FICO credit score completely free, or use Citi Entertainment to get exclusive access to tickets from a wide variety of events ranging from concerts to dining. Additionally, Citi Identity Theft Solutions ensures you don’t have to pay a dollar on fraudulent purchases.

Best For Versatile Cash Back

Bank of America Cash Rewards

  • Rewards rate: 1% – 3%
  • Cash back welcome bonus: $200
  • Annual fee: $0

 

With the Bank of America Cash Rewards card, you can earn $200 cash just for spending $1,000 within 90 days after you open your account. This credit card has excellent cash back deals, including 2% back on groceries and 3% on any spending category you want (up to $2,500 for both). Also, there’s no limit to the 1% cash back you can earn on everything else. 

Like the Bank of America Travel Rewards credit card, existing Preferred Rewards cardholders can receive 25% – 75% more points whenever they swipe. 

Best For Travel Rewards

Chase Sapphire Preferred

  • Rewards rate: 1x – 3x points per dollar
  • Welcome bonus: 60,000 points
  • Editors’ bonus estimate: $1,026
  • Annual fee: $95

 

The Chase Sapphire Preferred credit card offers an extra 60,000 points if you spend a minimum of $4,000 within three months after opening your account. If you book your next trip through the Chase Ultimate Rewards portal, you can redeem those points for a $750 value.

In addition, you can earn points wherever you go, including international trips. You can get double the points on all dining and travel purchases, qualifying delivery services, takeout, and restaurants. Plus, you can earn one point for every dollar you spend on anything else. 

With this card, you can get a free DashPass subscription for one year if you activate before December 31, 2021. This perk gives you unlimited free deliveries and smaller service charges on transactions of $12 or more. 

From now until April 30, 2021, you can get double the points on groceries (up to $1,000 each month), including qualifying pickup and delivery options.

Best For Flexible Travel Options

Chase Sapphire Reserve

  • Rewards rate: 1x – 3x points per dollar 
  • Welcome bonus: 50,000 points ($855 value)
  • Annual fee: $550

 

If you spend $4,000 within three months after opening your card, you can get 50,000 points — a $750 value when you use them to book your next trip through the Chase Ultimate Rewards portal. 

Chase also provides the $300 Annual Travel Credit, which covers a portion of your travel expenses once a year. When you qualify for this benefit, you immediately receive triple points on all travel purchases, dining and qualifying delivery, and takeout. Plus, you can also earn one point for every dollar you spend on everyday purchases.

 

Source
  • Luthi, Ben. “The Best Credit Cards for Excellent Credit of November 2020.” Credit Karma, 20 Oct. 2020, www.creditkarma.com/credit-cards/excellent-credit.
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