Granted 2008 and 2009 were slow years for credit card consumers looking soak up rewards, however, in 2011 the competition amongst credit card companies has been fierce. Today, cash rewards, miles, and points are being thrown at consumers in every direction by credit card companies. Last week we covered the best balance transfer credit cards so far in 2011 and pointed out the dynamic that currently exists between the leading credit card issuers. It seems the major players keep attempting to one-up each other in every possible category. With rewards credit cards you see the same thing – one week a card will come out with a $50 sign up bonus, the next week another company issues a $100 sign up bonus, and now we have one credit card with a $150 bonus! below we’ve highlighted our favorite 3 rewards credit card offers in 2011…
Best Rewards Credit Cards in 2011:
1) Chase Freedom® Visa – $150 Bonus Cash Back – this offer is currently our favorite, however, it’s a limited time promotion from Chase Bank and hasn’t been available throughout the course of 2011. we like the rewards structure with this card because of the whopping $150 they throw at you after just $500 in purchases within the first 3 months. you can also rack up a decent amount of points as they offer 5% cash back on up to $1,500 in bonus categories each quarter. You’ll also be able to get 10% cash back when you shop online at select merchants and 1% cash back on all other purchases without limits to how much you can earn. plus, the points never expire and there is no annual fee.
2) Discover® More Card – $50 Cashback Bonus – this offer is another one that top’s the industry in both cash rewards, points and balance transfer terms. It’s a fairly versatile card and currently comes with a $50 cash bonus after just $250 in purchases within the first 3 months. You’ll get an 0% APR intro period on balance transfers for an entire year and a 0% APR intro period on purchases for 6 months. You’ll also be able to rack up 5% cash back in select categories such as travel, gas, groceries, restaurants, etc. and 1% unlimited cash back on all other purchases. there is also no annual fee associated with this card.
3) United Mileage Plus® Signature® Visa Card – this card would certainly hold the #1 spot on this list if it were slightly more attainable. right now, you must have excellent credit to get your hands on this card, but if you think your credit is in good standing it’s probably worth a shot. here is what you’ll get – for starters, you’ll earn 25,000 bonus air miles after your very FIRST PURCHASE. to put this offer in perspective, 30,000 air miles is more than enough for a round trip ticket to anywhere in the continental US. plus, you’ll get a $50 statement credit after your first purchase as well. You’ll also earn 1 mile for every $1 in purchases with the card and they’ll waive the annual fee of $60 in your first year. to sum it up – depending on who you fly with, you’re essentially getting a reward package worth between $500-$750 just by opening the card.
Source : http://kiwago.info/best-credit-cards-for-rewards-in-2011/
