5 Credit Card Options for People With Excellent Credit
Chase Sapphire Preferred Card
Chase features a credit card with rewards for cardholders with excellent credit. As of 2015, every dollar spent dining or traveling earns cardholders two points and one point for other purchases. Accumulated points can be used to redeem rewards, cash back or gifts. The annual fee is often waived for the first year and new cardholders are typically offered interest rates as low as 15.99 percent.
Capital One Venture Rewards Credit Card
Applicants with excellent credit can earn unlimited double miles on every dollar of purchase with the Capital One Venture Rewards Credit Card. This elite credit card waives foreign transaction fees and the annual fee for the first year. Capital One offers automatic alerts for changes in credit scores as well as a monthly credit score for cardholders. Some members may be given an introductory 0 percent interest rate or interest rates as low as 11.9 percent.
American Express Blue Cash Preferred Card
American Express cardholders with excellent credit may qualify for the Blue Cash Preferred Card which offers 6 percent cash back at supermarkets, 3 percent at select department stores and gas stations and 1 percent on all other purchases. Reward dollars can be redeemed as a statement credit for most cardholders. Sign-up offers vary, but many American Express cardholders receive a $150 statement credit if $1,000 in purchases accrue during the first three months. Interest rates start as low as 11.99 percent.
Citi Double Cash Card
Cardholders get rewarded twice when opting for the Citi Double Cash Card. People with excellent credit may be eligible for 1 percent cash back when making purchases with the credit card and an additional 1 percent cash back when paying for the purchases. Some individuals may also qualify for a 0 percent APR on purchases and balances during an introductory period. The Citi Double Cash Card does not charge an annual fee.
Bank of America Credit Card
Cardholders seeking to transfer balances and receive a 0 percent introductory rate on transfers and purchases can choose the Bank of America Credit Card. Individuals with excellent credit may qualify for interest rates as low as 10.99 percent following the specified introductory period. Bank of America does not charge an annual fee.
People with excellent credit often have numerous low-interest options for credit cards. The reward for paying bills on time and building an impressive credit history can bring many offers for additional credit cards to the table. Individuals with excellent credit can choose from credit cards with low-interest offers that offer sound savings over time.
Credit cards require cardholders to manage their expenses and purchases responsibly and maintain on-time payments without exceeding their credit limits. Individuals with excellent credit have proven their fiscal responsibility and are often afforded more opportunities to obtain lower interest credit cards with rewards and cash back bonuses.