Top 7 Credit Card Offers For Those With Excellent Credit
by Tasha Lockyer November 6, 2013
Updated: June 16, 2016
Do you have excellent credit? If so, banks are actively looking to win you as a new credit card customer by offering some 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 top 7 deals you can take advantage of today:
Blue Cash Preferred Card from American Express: The Blue Cash Preferred Card from American Express (a NextAdvisor advertiser) is such a great cash back card that I have one. You’ll earn a spectacular 6% cash back at supermarkets (on up to $6K in purchases annually), 3% on gas and at department stores like JCP, Kohl’s and Macy’s, and 1% on everything else. Plus you’ll get a $150 intro bonus after spending $1,000 on purchases with your new Card in the first three months – that’s a 15% cash back bonus on the first $1,000 you spend! In addition you’ll enjoy a 0% 12-month intro APR on purchases and balance transfers. There is a $95 annual fee (just $75 if your application is received by 8/3/16), but depending upon your spending patterns this card should easily pay for itself and then some. If you want a similar card that has no annual fee, check out Blue Cash Everyday Card from American Express, which has the same 12-month 0% APR but lower cash back rates and a slightly lesser intro bonus.
Chase Slate: This card was designed with credit card balance consolidation in mind. It’s the only card we’ve found with both a lengthy 0% introductory APR and no balance transfer fee. Its 15-month, 0% introductory APR on both balance transfers and purchases translates to interest-free payments until 2017. Plus, there are no balance transfer fees during the first 60 days of card membership. This is a big deal, as depending upon how much you plan to transfer, balance transfer fees can really add up. In fact, a $0 intro balance transfer fee can save you hundreds of dollars in fees, and the $0 annual fee is also a money-saver. So if you have excellent credit, you absolutely should not be paying any credit card interest. Get this card and transfer your balances.
Chase Sapphire Preferred: This is our No. 1 travel rewards card because it offers a lot of value and flexibility. It starts off by earning you 2 points for each dollar spent on travel and dining out, and 1 point per dollar on all other purchases. That’s followed up by a 50,000 point bonus after spending $4,000 in the 3 months – equal to $625 in travel rewards or $500 cash back. Redeeming your earned points via Chase’s Ultimate Rewards saves 20% off travel costs, enabling you to stretch 50,000 worth of points to $625 in travel. You can also redeem your points for cash back, gift cards and merchandise.
The best part is that you can transfer your points 1:1 to many frequent travel programs with no transfer fees, including United MileagePlus, Southwest Rapid Rewards, Hyatt Gold Passport and Marriot Rewards. That means 1,000 points are equal to 1,000 partner miles/points, straightforward and simple. This feature is likely to appeal to road warriors who are members of various partner programs, as users aren’t limited to spending their points via Chase’s rewards program. There is a $95 annual fee, but it is waived the first year.
BankAmericard Cash Rewards Credit Card: If you’re in the market for a great cash back rewards cards that also has a 12-billing-cycle 0% APR, this is a smart pick. Not only can you transfer over balances from your high-interest cards to the BankAmericard Cash Rewards card and pay zero interest for a full year, but you’ll get the same 0% intro APR on new card purchases. Plus you’ll earn 3% cash back on gas and 2% cash back at wholesale clubs – including Costco! – and grocery stores (for the first $2,500 in combined purchases each quarter) and 1% cash back on everything else. And if you have a Bank of America checking account, the rewards can get much richer, up to 75% more – that’s 5.25% on gas, 3.5% on groceries and 1.75% on everything else – depending on your balance in the account (read this post for more details). The cherry on top is you’ll earn an additional $100 cash back after spending $500 in the first 3 months. This card really does have it all – cash back, an extra cash back bonus, a lengthy 0% intro APR on purchases and balance transfers AND no annual fee.
Citi Diamond Preferred: Shopping for a special item for yourself or someone else? This card will let you make big purchases then carry that balance into 2018 without paying a dime of interest. Citi Diamond Preferred (a NextAdvisor advertiser) features an incredibly lengthy 21-month 0% introductory APR for purchases and balance transfers. And there’s no annual fee. The 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.
Chase Freedom Unlimited: Chase Freedom Unlimited features an unlimited 1.5% cash back on all purchases and a lengthy 0% intro APR on purchases and balance transfers. The standard reward percentage makes earning cash back on your purchases worry-free, as you don’t have to do anything or remember to sign up for quarterly rewards like some other cards require. Instead you’ll get 1.5% back on every purchase you make. Plus you’ll earn a $150 cash back bonus after spending $500 in the first 3 months, which is equal to 30% back on the first $500 you spend! There’s also a 15-month 0% intro APR on purchases and balance transfers, and to top it all off there’s no annual fee.
Ink Cash Business Credit Card: Both small and large businesses should seriously consider this cash back business card with a 0% intro APR. First off, you’ll earn a $200 bonus after spending $3,000 in the first 3 months. The ongoing cash back rewards are great too – 5% back on office supplies, cable, internet and telecom services (on up to $25K in combined purchases annually), 2% back on gas and restaurants (on up to $25 in combined purchases each year), and 1% back on everything else. There are no cash back limits and no annual fee. Plus, you’ll enjoy a 12-month 0% intro APR on purchases and balance transfers, although there is a 5% balance transfer fee to consider. As an added bonus, employee cards are free so you can earn extra cash back via employee purchases.
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 our top 7 cards for people with less than perfect credit.
Disclaimer: This content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuers’ Affiliate Program.