Best Rewards Credit Cards for April 2022

With the Chase Freedom Unlimited® credit card, you earn 5% cash back on travel purchases through Chase Ultimate Rewards, 3% on dining, 3% on drugstore purchases and 1.5% flat-rate cash back on all other purchases. The Chase Freedom Unlimited card offers all-around great rewards, with one of the highest flat credit card rewards rates out there. 

New card members will also enjoy the welcome bonus, for which you earn an additional 1.5% cash back on up to $20,000 in purchases in your first year. This rewards credit card works well whether it’s the only card in your wallet or used to supplement a specific category card, which may offer higher bonuses for a particular type of purchase.

The Capital One Savor Cash Rewards Credit Card* boasts a headline rate of 4% cash back on dining and entertainment, which includes bars and restaurants, as well as tickets to movies, plays, concerts, sporting events, tourist attractions, theme parks, aquariums, zoos, dance clubs, pool halls and bowling alleys. But the rewards don’t end with dining and entertainment: You can pick up another 3% cash back on your grocery store purchases (excluding superstores like Walmart and Target), and 1% on everything else. And as long as you spend $3,000 in the first three months after opening your account, Capital One will give you a $300 welcome bonus.

The Citi Premier Card is a points-earning card that encompasses boosted rewards for several popular spending categories, with gas stations being one of them. You earn 3x points at gas stations, restaurants, supermarkets, air travel and hotels, and 1x points on all other purchases. When redeemed through the ThankYou Rewards portal for a statement credit, points are worth $0.01 each, netting you 3% back at gas stations if redeemed properly. This is one of the highest rewards rates for gas on the market, which is why this is our top pick of gas credit cards. 

But you need to be careful in redeeming these rewards, as there are other ways to redeem your rewards that may net a lesser value. Check out the details in our full review of the Citi Premier Card.

The Chase Sapphire Reserve is a general travel rewards credit card, meaning you earn points on any travel or dining purchase, making it a great option for international travel. You earn great rewards rates on hotels and car rentals through Chase Ultimate Rewards (10x points), air travel through Chase Ultimate Rewards (5x points), other travel and dining purchases (3x points), and 1x points on all other purchases. You can earn elevated rewards on all travel purchases after earning the $300 annual travel credit. And through March 2022, you can earn 10x points on Lyft purchases. These points can be redeemed for $0.01 each when applied as a statement credit, but you get 50% more value when you redeem them for travel purchases through Chase Ultimate Rewards.

While the $550 annual fee for this Chase credit card is on the high side, an annual statement credit of up to $300 for travel purchases essentially brings the yearly commitment down to $250. The signup bonus earns you 50,000 Chase Ultimate Rewards points when you spend $4,000 in the first three months (worth $750 when redeemed for travel through Chase Ultimate Rewards). Chase Sapphire Reserve card holders also get a Priority Pass™ Select membership, giving them VIP lounge access at more than 1,300 airport lounges across the world for more comfortable traveling upon enrollment.

With the Wells Fargo Active Cash Card, you don’t need to worry about activating rewards categories, rotating categories or which card gives you the most back. Things are kept simple via a 2% cash rewards rate on purchases — and no annual fee. Most credit cards offer only a 1% blanket cash rewards rate if at all, so you’re in good shape with this card. 

If you spend at least $1,000 in purchases on the card within the first three months of account opening, you earn a $200 cash rewards introductory bonus. Yet another perk is 0% introductory APR for the first 15 months from account opening on purchases and qualifying balance transfers (15.24% to 25.24% variable APR thereafter).

Check out our full review of the Wells Fargo Active Cash Card for more details.

How do you value points and miles to compare cards?

To keep our comparisons accurate and consistent, all point valuations come directly from the issuer. Point valuations may fluctuate over time so past experiences may not necessarily equate to future point valuations.

Is cash back better than points?

While cash back is a more accessible concept, cash back and points both have their strengths and weaknesses. While cash back can be more universally applicable, points are often worth more in value than their cash-back equivalents. Depending on your shopping preferences and plans, you may find points or cash back to be more valuable to you.