Do you have excellent credit? If so, banks are actively looking to win you as a new credit card customer by offering unprecedented deals. Although banks have been more careful about acquiring customers with questionable credit since the 2008 financial crisis, they are now fighting harder than ever to win coveted customers with great credit. If you are in the excellent credit sweet spot, they are effectively giving you money (and a lot of it!) to use their credit cards. These are the best credit cards for excellent credit that you can take advantage of today:
Best travel rewards: Citi® / AAdvantage® Platinum Select® World Elite Mastercard®
If you like traveling, check out the Citi® / AAdvantage® Platinum Select® World Elite Mastercard® credit card (Citi is a Credit-Land.com advertising partner). This is a co-branded airline credit card that allows earning miles towards free flights with American Airlines and its partners. First of all, the card allows earning 50,000 American Airlines AAdvantage® bonus points after spending $2,500 in purchases within the first 3 months of account opening. Second, all your everyday purchases will also earn miles rewards. You will earn 2 AAdvantage® miles for every $1 spent at gas stations, restaurants, and on eligible American Airlines purchases. In addition to earning miles, the card also gives access to travel perks like a free first checked bag on domestic AA itineraries, preferred boarding on AA flights, and a $125 American Airlines Flight Discount after you spend $20,000 or more on purchases during a cardmembership year.
Best point rewards: Citi Rewards+® Card
The Citi Rewards+® Card is a part of the ThankYou family: the card allows to earn ThankYou Points that can be redeemed at the ThankYou portal for travel, cash rewards, statement credits, gift cards, transferred to partners and more. The card allows to earn unlimited 1 ThankYou® Point per dollar on all purchases and 2x ThankYou® Points at supermarkets and gas stations for the first $6,000 per year (1x Points thereafter). The card also comes with a bonus offer – 20,000 bonus points for spending $1,500 in purchases within 3 months of account opening. The card has no annual fee and comes with a zero introductory period. You will have 15 months of 0% intro APR on purchases and balance transfers. Just remember that when the introductory rate is over, a go-to APR will apply.
Best cash back rewards: Citi® Double Cash Card – 18 month BT offer
The Citi® Double Cash Card – 18 month BT offer features an effective 2% cash back on ALL purchases and a lengthy 0% intro APR on balance transfers. The cash back rewards are the best we’ve seen for a card that offers a fixed cash back percentage on everything you buy. There are two steps to getting the full 2% cash back. Use your card to purchase the items to earn the first 1% cash back. You’ll receive the second 1% cash back after you’ve paid for your purchases for a total of 2% effective cash back. As long as you’re paying the minimum due each month, you can take as long as you want to pay off your balance and get the additional 1% cash back (aka, 2% total effective cash back). In addition to this high cash back percentage, you’ll enjoy generous 18 months of a 0% intro APR on balance transfers (13.99% – 23.99% (Variable) APR and the balance transfer fee is 3% of each balance transfer; $5 minimum). And to top it all off, there’s no annual fee and no caps on the amount cash back rewards you can earn.
Best for balance transfer: Citi® Diamond Preferred® Card
Shopping for a special item for yourself or someone else? This card will let you make big purchases at no interest for 12 months from the date of account opening. When the 0% intro APR is over, your ongoing variable interest rate will be 13.74% - 23.74% (Variable), based on your creditworthiness. Also, the Citi® Diamond Preferred® Card features an incredibly lengthy 21-month 0% introductory APR for balance transfers – the longest intro APR of any card we’ve ever reviewed! And there’s no annual fee. The balance transfer fee is 5% of each balance transfer; $5 minimum. This combination makes this card perfect for anyone looking to make a large purchase (or several purchases) or who is interested in transferring balances from other high-interest credit cards to this one. Either way, it’s a smart choice.
TIP: If you’re in the market for a new credit card but don’t think your credit will qualify you for one of these cards, take a look at cards for people with less-than-perfect credit.