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Thursday, February 29, 2024

14 Best Credit Cards for You With Excellent Credit

Having an excellent credit score opens up a world of opportunities when it comes to credit cards. With so many options to choose from, selecting the right card for your needs can be a daunting task. This comprehensive guide breaks down the 14 best credit cards tailored specifically for people with excellent credit.

What Constitutes an Excellent Credit Score?

Before diving into the top credit cards, it’s essential to understand what qualifies as an “excellent” credit score. Your FICO score falls in a range between 300 and 850. Scores that fall between 800 and 850 are considered excellent, denoting a high level of fiscal responsibility and low credit risk to lenders.

Maintaining excellent credit takes diligence, but the rewards are plentiful. Let’s explore the credit cards that offer the most valuable perks, points, and benefits for people with top-notch credit.

Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card sits at the top of the list for several reasons. Most notably, new cardholders can earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months. Valued at $750 towards travel booked through Chase.

Beyond the lucrative welcome bonus, cardholders earn:

  • 2X points per $1 spent on travel and dining purchases
  • 5X points per $1 spent on Lyft rides through March 2025
  • 10X points per $1 spent on hotel stays and car rentals booked through Chase

When redeeming points for travel via Chase Ultimate Rewards®, they get a 25% boost in value. So, your points stretch even further towards amazing vacations and getaways.

Additional Perks

  • No foreign transaction fees
  • Trip cancellation/interruption insurance
  • Primary rental car insurance

With a $95 annual fee, the Sapphire Preferred® Card gives excellent value in return.

Blue Cash Preferred® Card from American Express

Families with excellent credit should have the Blue Cash Preferred® Card at the top of their list. You can earn a $250 statement credit after making $3,000 purchases within 6 months of account opening.

The rewards structure makes this one of the best gas, grocery, and department store cards available:

  • 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases)
  • 6% cash back on select U.S. streaming services
  • 3% cash back on transit (including gas stations, rideshares, parking, tolls, trains, buses, and more)
  • 1% cash back on other purchases

With no cap on total rewards earned, households can quickly rack tangible rewards for everyday purchases.

Capital One SavorOne Cash Rewards Credit Card

For consumers who want to maximize dining rewards without paying an annual fee, the Capital One SavorOne Cash Rewards Card is a perfect option.

New card members can earn$200 cash bonus after spending $500 on purchases within 3 months of account opening.

You’ll earn unlimited:

  • 3% cash back on dining, entertainment, popular streaming services, and grocery stores
  • 1% cash back on all other purchases

Recurring benefits include:

Key Perks

  • 0% intro APR for 15 months
  • No annual fee
  • No foreign transaction fees

With generous earning potential and valuable protections, it’s easy to see why this card ranks so highly.

Chase Freedom Unlimited®

The Chase Freedom Unlimited® brings fantastic value for people who prefer straightforward cashback rewards. Right off the bat, you can earn $200 after spending just $500 within 3 months of account opening.

You’ll enjoy:

  • 5% cash back on travel purchased through Chase Ultimate Rewards®
  • 3% cash back at restaurants, drugstores, and dining
  • 1.5% cash back on all other purchases

Valuable Benefits

  • 0% APR for 15 months on purchases and balance transfers
  • Cell phone protection against damage or theft
  • $100 annual hotel savings on eligible purchases through Chase

With no annual fee, the Freedom Unlimited® is incredibly easily recommended for cashback enthusiasts.

Wells Fargo Active Cash® Card

The Wells Fargo Active Cash® Card makes earning rewards simple with unlimited 2% cash rewards on purchases. New cardholders also receive a $200 cash rewards bonus after spending $1,000 on qualifying purchases in the first 3 months.

Additional benefits include:

  • 12 months of 0% intro APR financing
  • Cell phone protection
  • Auto rental collision damage waiver
  • 24/7 travel, roadside assistance, and emergency cash transfer services

With a low $0 intro annual fee the first year ($95 after that), it packs a ton of value at no upfront cost.

Chase Sapphire Reserve®

For travelers who want premium travel perks, airport lounge access, and excellent rewards redemption rates, the Chase Sapphire Reserve® is extremely alluring.

The signup bonus nets 60,000 bonus points after spending $4,000 on purchases within 3 months of account opening. Through Chase Ultimate Rewards®, those 60,000 points hold $900 in travel value or can be redeemed for $600 cash.

Cardholders earn accelerated rewards on:

  • 10X points on Chase Dining purchases
  • 10X points on hotel stays and car rentals booked through Chase
  • 5X points on air travel purchased through Chase
  • 3X points on other dining and travel

Additional premium travel benefits include:

Premium Travel Perks

  • $300 annual travel credit
  • Priority PassTM Select airport lounge access
  • Up to $100 credit towards Global Entry or TSA Precheck application fee
  • Primary auto rental insurance

Although there’s a $550 annual fee, the perks far outweigh the costs for frequent travelers.

American Express Gold Card

Food lovers can rack up tremendous Dining rewards with the American Express® Gold Card. New cardholders can earn 60,000 Membership Rewards® points after spending $4,000 on eligible purchases within the first 6 months of account opening.

You’ll earn elevated points on the following:

  • 4X points at Restaurants worldwide
  • 4X points at U.S. supermarkets
  • 3X points on airfare purchased directly from airlines
  • 1X points on other purchases

Valuable Credits

Each account year, you get up to $240 in annual dining credits across participating food services like Grubhub, Seamless, The Cheesecake Factory, Shake Shack, and more. Plus, up to $120 in annual Uber Cash credits towards U.S. Uber rides or Uber Eats orders.

When redeeming Membership Rewards® points for airfare, you’ll get 25% of the points back, up to 250,000 points per year. This unique rebate helps your points go further.

BankAmericard® credit card

The BankAmericard® credit card makes an excellent option for consumers who want to avoid interest charges and penalty APR completely. This card has:

  • $200 cash rewards bonus after making at least $1,000 in purchases within 90 days of account opening
  • 0% introductory APR for 18 billing cycles on purchases and balance transfers
  • No penalty APR

Ongoing benefits include 2% cash back at grocery stores and wholesale clubs (up to $2,500 in combined purchases each quarter).

Wells Fargo Reflect® Card

One of the most generous introductory 0% APR periods comes with the Wells Fargo Reflect® Card. You’ll enjoy:

  • 18 months of 0% intro APR on purchases and qualifying balance transfers
  • Opportunity to earn up to 21 months total at 0% intro APR by paying on time
  • 0% introductory APR for 12 months on purchases and qualifying balance transfers

Cellular phone protection protects your device against damage or theft when you pay the monthly bill with this card. Pretty nice perk for simply making it your cell phone payment card.

Discover it® Cash Back

Discover makes it simple to earn rewards on every purchase. But where the Discover it® Cash Back card really shines is the cashback match. Discover automatically matches all the cash back rewards you’ve earned at the end of year 1.

  • 5% cash back bonuses activated quarterly on everyday spending categories on up to $1,500 in combined purchases (then 1%)
  • 1% cash back on all other purchases

Additional benefits include a lengthy 18-month 0% intro APR period on purchases and balance transfers, which is fantastic flexibility for big purchases.

Citi® Double Cash Card

For straightforward, unlimited 2% cash back on every single purchase, the Citi® Double Cash Card is tough to beat. You’ll earn:

  • 1% cash back when you make a purchase
  • 1% cash back when you pay for that purchase

Citi makes redeeming cash rewards easy with options like account credits, gift cards, and even physical checks. Additional Citi® Double Cash Card features include:

Key Features

  • No annual fee
  • 0% intro APR for 18 months on balance transfers
  • Up to $600 cell phone protection per claim with a $25 deductible

Capital One VentureOne Rewards Credit Card

Frequent travelers should have the Capital One VentureOne Rewards Credit Card on their shortlist, especially to utilize the signup perk – 20,000 bonus miles after spending $500 on purchases within 3 months from account opening (equal $200 in travel rewards).

You’ll earn unlimited:

  • 5X miles per $1 spent on hotel and rental cars booked through Capital One TravelSM
  • 1.25X miles per $1 on every purchase

Redeem your miles towards travel purchases or transfer them to leading airline and hotel loyalty programs. $0 foreign transaction fees keeps your overseas spending wallet-friendly as well.

Citi Rewards+® Card

The Citi Rewards+® Card takes a unique approach to maximizing the value of the points you earn. You’ll enjoy:

  • Points rounded up to nearest 10 points on every purchase
  • 10% points back when redeeming rewards earned on your Rewards+ card
  • Ability to earn 10,000 bonus points after spending $1,000 within 3 months of account opening

Additional benefits include damage and theft protection, extended warranty coverage, and up to 18 months of 0% intro APR.

American Express EveryDay® Credit Card

Cap off our list with a strong no annual fee option from American Express. The EveryDay® Credit Card lets you earn valuable Membership Rewards® Points.

You’ll enjoy:

  • 15,000 bonus points after you use your card to make $1,000 in purchases within 3 months from account opening
  • 2X points per $1 spent at U.S. supermarkets (up to $6,000 per year)
  • 2X points per $1 spent on gas
  • 1X points on other purchases

Cardholders who use their card 20+ times on purchases in a billing period earn 50% more points on those purchases less returns and credits. It helps accelerate your rewards output month to month.

How To Choose the Best Credit Card for Excellent Credit

With many attractive options at your disposal, selecting the right excellent credit card involves:

  • Understanding your regular spending patterns
  • Comparing rewards rates that match your expenses
  • Finding valuable card members perks like credits, protections, or elite status
  • Maximizing signup bonuses and limited time offers

The fourteen cards profiled throughout this guide exemplify the most rewarding excellent credit cards across popular categories.

Use the side-by-side comparisons to select the perfect match based on your financial habits and needs.

Maintaining Your Excellent Credit

Reaching the top echelon of credit scores takes diligence. Follow these tips and best practices to keep your score safely within the 800+ range:

Payment Activity

  • Pay all credit card and loan bills on time each month
  • Set payment reminders and enroll in autopay if necessary
  • Avoid having credit accounts sent to collections

Credit Utilization

  • Use less than 30% of your total available revolving credit limits
  • Pay balances off in full to avoid interest charges

Credit History Factors

  • Keep your oldest credit accounts open and active
  • Apply for new credit only when needed to lock-in valuable rewards or card features
  • Check your credit reports and scores every 4-6 months

Excellent Credit Card Pros and Cons

Before applying for a new rewards credit card, weigh the notable advantages against potential drawbacks:

Advantages

  • Very lucrative signup bonuses worth hundreds of dollars
  • Airport lounge access and premium travel perks
  • High reward rates amplify your spending power
  • VIP treatment, upgrades, credits from co-brand alliances

Drawbacks

  • Hard to qualify if you don’t already have a strong credit profile
  • Must avoid high credit card balances to prevent score damage
  • Many excellent cards have $95 – $550 annual fees
  • Risk overspending without proper budgeting

Excellent Credit Card FAQs

How long does it take to build excellent credit?

It typically takes at least 2 years of active credit history with positive payment behavior to reach 800+. Maintaining low credit utilization and never missing payments will accelerate your progress.

What is the hardest credit card to get?

The American Express Centurion Card, aka the “Black Card,” is widely considered the most exclusive and difficult credit card to obtain. You must receive a special invitation to apply and provide proof of high net worth.

What benefits do excellent credit cards offer?

Excellent credit cards provide exceptional rewards rates, large signup bonuses, premium travel perks, valuable purchase protections, and access to exclusive events, experiences, and luxury hotel/airport lounge access.

Are excellent credit cards worth it?

Absolutely – excellent credit cards offer unmatched rewards potential through heightened bonuses, earning rates, and redemption value. As long as you pay off balances monthly, the pros heavily outweigh any fees assessed on premium travel cards.

Conclusion

In closing, excellent credit unlocks a world of luxury rewards credit cards with staggering perks and benefits. This guide provided an in-depth overview of the 14 best cards tailored specifically for applicants with FICO scores of 800 or higher. Use the insights above to select the perfect addition for your wallet!

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