Best Credit Cards For Excellent Credit — January 2021

When you have excellent credit, you deserve a credit card that rewards you for your responsibility and hard work. The best credit cards for excellent credit come with top-tier rewards and generous credit limits to help you finance purchases of any size and pay them off with reasonable interest rates.

If you’re looking for a new credit card, make sure you check out The Balance’s top choices for the best credit cards for excellent credit in January 2021.

 

Best Cash Back Rewards And Large Purchases

Chase Freedom Unlimited

Annual fee: $0

Intro purchase APR: 0% for 15 months

Regular APR: 14.99% – 23.74% (variable)

Foreign transaction fee: 3%

Credit score requirements: Good to Excellent (670 – 850)

Rewards program: Yes

Welcome offer: Yes

 

The Chase Freedom Unlimited is the perfect card — it has low monthly interest rates, no annual fee, and a generous rewards program. With it, you can earn unlimited 1.5% cashback on all purchases (and no rotating categories to think about!) while enjoying no interest for your first 15 months. 

In addition to the 1.5% rate, you can earn 5% back on all Lyft purchases until March 2022. And when you spend $500 within three months of account opening, Chase will reward you with $200 cashback. And when you’re ready to redeem your rewards, you can exchange them for cold hard cash or travel miles. 

 

Best Travel Rewards Credit Card Welcome Offer

Chase Sapphire Preferred

Annual fee: $95

Regular APR: 15.99% – 22.99% (variable)

Foreign transaction fee: None

Credit score requirements: Good to Excellent (670 – 850)

Rewards program: Yes

Welcome offer: Yes

 

If you’re a frequent flier with excellent credit who’s ready to catch up on all the travel you missed in 2020, then the Chase Sapphire Preferred is the card for you. With it, you can earn 80,000 points (a $1,000 value) when you spend $4,000 or more within three months of opening an account. And if you redeem your points for airfare, hotel stays, car rentals, or cruises via the Chase travel portal, you can enjoy 25% more value from your points.

You can get peace of mind knowing that you have rental car coverage and other travel-related perks like no foreign transaction fees. And, just like the Chase Freedom Unlimited, you can earn five items the points on all Lyft purchases from now until March 2022.

 

Best Cashback Credit Card Welcome Offer

HSBC Cash Rewards Mastercard

Annual fee: $0

Intro purchase APR: 0% for 12 months

Regular APR: 13.99% – 23.99% (variable)

Foreign transaction fee: None

Credit score requirements: Good to Excellent (670 – 850)

Rewards program: Yes

Welcome offer: Yes

 

The HSBC Cash Rewards Mastercard has a lot to offer, particularly for new customers. To begin with, you can earn 3% cashback the first $10,000 you spend on any purchase in your first year — no spending categories. Considering that’s the equivalent of $00, it’s the average rate of 1.5% most other credit cards offer! 

Not only that, but you don’t have to worry about interest payments for purchases or balance transfers thanks to the 12-month introductory period. While it’s not the longest intro period on the market, it’s plenty of time to catch up on your finances and pay down debt. 

 

Best Travel Credit Card With No Annual Fee

Discover it Miles

Annual fee: $0

Intro purchase APR: 0% for 14 months

Regular APR: 11.99% – 22.99% (variable)

Foreign transaction fee: None

Credit score requirements: Good to Excellent (670 – 850)

Rewards program: Yes

Welcome offer: Yes

 

It’s always good to have a decent travel credit card in your wallet, but unfortunately, many come with a hefty annual fee that can quickly outweigh the benefits if you’re not careful. However, that’s not something you have to worry about with the Discover it Miles card. Although it offers fewer travel advantages than its counterparts, it’s far more versatile as an everyday card thanks to its flexible rewards program and no annual fee.

You can earn 1.5 miles to the dollar on every purchase, with no limits on the points you can get. Use the Discover it Miles to pay for airline tickets, hotel stays, rideshares, and more without worrying about blackout dates. You can redeem your rewards for travel statement credit or opt for cash. Best of all, Discover will double your rewards after your first year so that you can enjoy even greater savings.

 

Source
  • Irby, LaToya. “Best Credit Cards for Excellent Credit of January 2021.” The Balance, 4 Jan. 2021, www.thebalance.com/best-credit-cards-for-excellent-credit-4767801#chase-freedom-unlimited.
Ian Schindler