Credit Cards
17 Best Credit Cards for Everyday Spending in November 2026
By
•
Augusta Stone
Augusta Stone
Credit cards writer
Augusta Stone is a credit cards writer for TPG. She joined the TPG team in 2023 and is excited to take points and miles beginners with her on a journey toward maximizing rewards.
Edited by
•Daisy Hernandez
Daisy Hernandez
Credit cards editor
Daisy is a credit cards editor at TPG. Her expertise spans earning and redeeming rewards across rotating categories on multiple cards.Prior to this, she wrote news stories, how-to guides and tested and reviewed gear for Popular Mechanics, Sports Illustrated, Bicycling and Runner's World.
Reviewed by
Stanley Sanford
Stanley Sanford
Compliance manager
Compliance manager Stanley Sanford has years of compliance experience in the credit card industry dating back to 2017. He's reviewed content for several reputable sites, including CreditCards.com, Bankrate, CNET. and even thepointsguy.com before leading the compliance team for The Points Guy full time in early 2022.
Most of the cards we feature here are from partners who compensate us when you approve through our site, and this may impact how or where these products appear. We don’t cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Please view our advertising policy and product review methodology for more information.
Possibly the easiest way to earn rewards is to use one of the best credit cards for everyday spending instead of using your debit card or cash as your go-to form of payment.
With so many options available, settling on one or two credit cards that will provide you with decent returns in the form of cash back, points or miles can be tough. Luckily, TPG’s expert editors have compiled this list of the best credit cards from our partners for everyday spending — including those with generous sign-up bonuses, simple cash-back structures and lucrative travel perks to enhance your next trip.
At The Points Guy, our goal is to help you maximize your travel experiences while minimizing spending. Our travel and credit cards experts share their own experiences and give honest analyses to help you make decisions that benefit you the most. While we do receive compensation through our credit card application links, ads, and clearly indicated sponsored content, our editorial content, points valuations and card analysis are entirely our own.
- Capital One Venture Rewards Credit Card: Best for airline miles
- Capital One Venture X Rewards Credit Card: Best for premium travel
- Chase Sapphire Preferred® Card: Best for beginners
- American Express® Gold Card: Best for dining at restaurants
- Capital One Venture X Business: Best for businesses with high-spending
- Capital One Venture Business: Best for high-spending businesses that want simple travel rewards
- Blue Cash Preferred® Card from American Express: Best for U.S. supermarkets and gas in the U.S.
- Bilt Palladium Card: Best for a premium, all-in-one rewards experience
- The Blue Business® Plus Credit Card from American Express: Best for everyday business expenses
- Capital One Savor Cash Rewards Credit Card: Best for entertainment
- Chase Freedom Unlimited®: Best for drugstores
- Citi Double Cash® Card: Best for no-frills cash-back rewards
- American Express® Business Gold Card: Best for flexible rewards earning
- Blue Cash Everyday® Card from American Express: Best for cash-back beginners
- Capital One Quicksilver Cash Rewards Credit Card: Best for flat-rate cash-back
- Ink Business Unlimited® Credit Card: Best for business cash back
- Bank of America® Premium Rewards® credit card: Best for travel
Comparing the best credit cards for everyday spending
Limited Time: Earn 75k bonus miles + $300 stays credit
Best for airline miles
Apply for Capital One Venture Rewards Credit Card
Apply now
for Capital One Venture Rewards Credit Cardat Capital One's secure site
Terms & restrictions apply. See rates & fees.
Rewards rate
| 5X miles | Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel |
| 2X miles | Earn unlimited 2X miles on every purchase, every day |
Intro offer
Open Intro bonus
Earn more than $1,000 in Travel Bonuses with a limited-time $300 Capital One Travel stays credit, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months of account opening—that's more than $1,000 in travel value
Earn more than $1,000 in Travel Bonuses
Annual fee
$95
Regular APR
19.74% - 28.74% (Variable)
Recommended credit
Open Credit score description
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850Excellent, Good
When it comes to simplicity and strong rewards, the Capital One Venture Rewards Credit Card is a solid choice for most travelers. You’ll earn 2 miles per dollar on every purchase with no bonus categories to memorize, making it an ideal card for those with busy lives. Read our review of the Capital One Venture Rewards Credit Card.
Pros
- Simple earning structure.
- Multiple transfer partners.
- Flexible redemption options.
Cons
- Lower transfer ratios for select partners.
- Limited bonus categories.
- No U.S. airline transfer partner.
- LIMITED-TIME OFFER: Enjoy $300 to use on hotel and vacation rental bookings through Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening – that’s more than $1,000 in travel value
- Earn unlimited 2X miles on every purchase, every day
- Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
- Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
- Transfer your miles to your choice of 15+ travel loyalty programs
- Top rated mobile app
Apply for Capital One Venture X Rewards Credit Card
Apply now
for Capital One Venture X Rewards Credit Cardat Capital One's secure site
Terms & restrictions apply. See rates & fees.
Rewards rate
| 10 Miles | 10 Miles per dollar on hotels and rental cars booked through Capital One Travel |
| 5 Miles | 5 Miles per dollar on flights and vacation rentals booked through Capital One Travel |
| 2 Miles | 2 Miles per dollar on every purchase, every day |
Intro offer
Open Intro bonus
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
Earn 75,000 bonus miles
Annual fee
$395
Regular APR
19.74% - 28.74% (Variable)
Recommended credit
Open Credit score description
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
740-850Excellent
If you can maximize the $300 credit toward Capital One Travel, the Venture X’s annual fee effectively comes down to $95. Add in a 10,000-mile bonus every account anniversary (worth $185, according to TPG valuations) and lounge access, and the card may become the strongest option out there for a lot of travelers. Read our full review of the Capital One Venture X Rewards Credit Card.
Pros
- Earn a lucrative welcome offer
- 10,000 bonus miles every account anniversary
Cons
- $395 annual fee.
- $300 annual credit only applicable for bookings made through Capital One Travel portal
- Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
- Receive a $300 annual credit for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
- Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
- Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights and vacation rentals booked through Capital One Travel
- Earn unlimited 2X miles on all other purchases
- Enjoy access to 1,300+ lounges worldwide, including Capital One Lounge and Landing locations and participating Priority Pass™ lounges, after enrollment
- Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Top rated mobile app
at Chase's secure site
Terms & restrictions apply. See rates & fees.
Rewards rate
| 5x | Earn 5x on travel purchased through Chase Travel℠. |
| 3x | Earn 3x on dining, vacation homes at top brands, gas & EV charging, top streaming services and online groceries (excluding Walmart, Target, and wholesale clubs). |
| 2x | Earn 2x on all other travel purchases. |
| 1x | Earn 1x on all other purchases. |
Intro offer
Open Intro bonus
Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
75,000 bonus points.
Annual fee
$95
Regular APR
19.49% - 27.74% Variable
Recommended credit
Open Credit score description
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
670-850Excellent/Good
The Chase Sapphire Preferred® Card remains one of the easiest travel rewards cards to recommend because it has elevated rewards across everyday spending categories, valuable travel protections, useful statement credits and an approachable annual fee. Whether you're new to points and miles or already maximizing transfer partners, it offers a rare combination of flexibility and long-term value for both beginners and experienced travelers alike.
Pros
- Earn elevated rewards in popular categories, including travel, dining, gas, EV charging and vacation home stays at top brands
- Premium travel protection benefits include trip cancellation/interruption insurance, primary car rental insurance and lost luggage insurance
- Versatile airline and hotel transfer partners
- Features up to $100 in annual hotel credits through Chase Travel℠
Cons
- Has an annual fee
- No airport lounge access
- Transfers to Hyatt at a lower rate than other Sapphire cards
- Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
- Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, 3x on vacation homes at top brands, 3x on gas & EV charging, 3x on top streaming services and online groceries (excluding Walmart, Target, and wholesale clubs), 2x on all other travel purchases, 1x on all other purchases.
- Earn up to $100 in statement credits each account anniversary year for hotel stays through Chase Travel℠.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Coverage, Emergency Evacuation and Transportation, and more.
- Get a year of complimentary Apple TV when activated by December 31, 2026 - a value of $180.
- Complimentary DashPass membership, a $120 value for 12 months. Enjoy $0 delivery fees and reduced service fees on eligible DoorDash orders, plus exclusive Chase savings on grocery, everyday essentials, and more. Activate by 12/31/29.
- Receive one statement credit of up to $120 every four years as reimbursement for the application fee charged to your card for a Global Entry, TSA Precheck® or NEXUS application.
- Transfer points to leading airline and hotel loyalty programs.
- Member FDIC
at American Express's secure site
Terms & restrictions apply. See rates & fees.
Rewards rate
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 5X | Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App™. |
| 3X | Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App™, or purchased directly from airlines. |
| 2X | Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App™ and cruises booked and paid through AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro offer
Open Intro bonus
You may be eligible for as high as 100,000 Membership Rewards® Points after spending $8,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.
As High As 100,000 points. Find Out Your Offer.
Annual fee
$325
Regular APR
See Pay Over Time APR
Recommended credit
Open Credit score description
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Excellent to Good
This isn’t just a card that’s nice to look at. It packs a real punch, offering 4 points per dollar at restaurants worldwide (on the first $50,000 in purchases per calendar year; then 1 point per dollar) and U.S. supermarkets (on the first $25,000 in purchases per calendar year; then 1 point per dollar). There’s also an up to $120 annual dining statement credit, plus up to $120 annually ($10 per month) in Uber Cash, which can be used on Uber Eats orders or Uber rides in the U.S. The card must be added to your Uber account and you can redeem with any Amex card. All this makes it a very strong contender for all food purchases, which has become a popular spending category. Enrollment required for select benefits. Read our full review of the American Express Gold Card.
Pros
- Valuable dining and food-related credits
- Flexible rewards with airline and hotel transfer partners
- Multiple travel and purchase protections
- No foreign transaction fees
- Access to Amex Offers for additional savings (enrollment required)
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App™.
- Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App™, or purchased directly from airlines.
- Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App™ and cruises booked and paid through AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- Pay It® lets you tap in the American Express® App to quickly pay for small purchase amounts throughout the month and still earn rewards the way you usually do. Plan It® gives you the option to split up big purchases into equal monthly payments with a fixed fee. You’ll know upfront exactly how much you’ll pay.
- $120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub (including Seamless), Buffalo Wild Wings, Five Guys, The Cheesecake Factory, and Wonder. This can be an annual savings of up to $120. Enrollment required.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year at over 10,000 qualifying U.S. Resy restaurants after you pay for eligible purchases with the American Express® Gold Card. That’s up to $50 in statement credits semi-annually. Enrollment required.
- $84 Dunkin' Credit: Earn up to $7 in monthly statement credits after you pay with the American Express® Gold Card at U.S. Dunkin’ locations. Enrollment required.
- $120 Uber Cash on Gold: Enjoy up to $120 in Uber Cash annually with your Gold Card. Just add your Card to your Uber account and you'll get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an Amex Card for your transaction.
- Enjoy complimentary Hertz Five Star® Status benefits like skipping the counter at select locations, adding an additional driver at no additional cost*, and vehicle upgrades**. Benefit enrollment and Hertz Gold+ registration are required. *Additional drivers must meet standard rental qualifications and must be a spouse or domestic partner to qualify as complimentary. Other additional drivers subject to fees. **Benefits are subject to availability and vary by location. Additional Hertz program Terms and Conditions including age restrictions apply.
- Book two nights or more with The Hotel Collection through AmexTravel.com or the Amex Travel App™ and receive a $100* credit towards eligible charges at over 1,400 upscale hotels worldwide. *Eligible charges vary by property.
- Book your travel through the Amex Travel App™ with added peace of mind – backed by American Express® service and support. Only for American Express® Card Members.
- Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.
Earn 300K Miles + $1,300 Travel Credit
Best for businesses with high-spending
at Capital One's secure site
Terms & restrictions apply. See rates & fees.
Rewards rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro offer
Open Intro bonus
Limited-time card anniversary offer: Celebrate 3 years of Venture X Business and earn up to $4,300 in travel value when you spend $120,000 in your first 4 months as a cardholder—$1,000 bonus to use on Capital One Business Travel + 300,000 bonus miles + your $300 annual Capital One Business Travel Credit
Earn up to $4,300 in travel value when you spend $120,000 in your first 4 months as a cardholder
150,000 miles
Annual fee
$395
Regular APR
25.99% (Variable)
Recommended credit
Open Credit score description
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
740-850Excellent
The Capital One Venture X business card has all the Capital One Venture X Reward Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit and lounge access. Read our full review of the Capital One Venture X Business card.
Pros
- The Capital One Venture X Business card has a lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 travel credit and airport lounge access, at a reasonable annual fee of $395.
- Business owners are also able to add employee cards for free.
Cons
- The card requires a significant amount of spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- Limited-time card anniversary offer: Celebrate 3 years of Venture X Business and earn up to $4,300 in travel value when you spend $120,000 in your first 4 months as a cardholder—$1,000 bonus to use on Capital One Business Travel + 300,000 bonus miles + your $300 annual Capital One Business Travel Credit
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge and Landing locations and participating Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- Your card is designed to be paid in full. However, you have the option to carry over a portion of your balance with interest if needed. Pay at least the minimum payment amount by your payment due date, otherwise you'll be charged a 2.99% late fee
- Top rated mobile app
Comparing the best credit cards for everyday spending
Credit card | Best for | Intro offer | Earning rate | Annual fee | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Limited Time: Earn 75k bonus miles + $300 stays credit at Capital One's secure site | airline miles | Earn more than $1,000 in Travel Bonuses Open Intro bonus Earn more than $1,000 in Travel Bonuses with a limited-time $300 Capital One Travel stays credit, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months of account opening—that's more than $1,000 in travel value | 2 - 5X miles Open Rewards rates
| $95 | ||||||||||||
at Capital One's secure site | premium travel | Earn 75,000 bonus miles Open Intro bonus Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel | 2 - 10X miles Open Rewards rates
| $395 | ||||||||||||
at Chase's secure site | beginners | 75,000 bonus points. Open Intro bonus Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. | 1 - 5X points Open Rewards rates
| $95 | ||||||||||||
at American Express's secure site | dining at restaurants | As High As 100,000 points. Find Out Your Offer. Open Intro bonus You may be eligible for as high as 100,000 Membership Rewards® Points after spending $8,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer. | 1 - 5X points Open Rewards rates
| $325 | ||||||||||||
Earn 300K Miles + $1,300 Travel Credit at Capital One's secure site | businesses with high-spending | Earn up to $4,300 in travel value when you spend $120,000 in your first 4 months as a cardholder Open Intro bonus Limited-time card anniversary offer: Celebrate 3 years of Venture X Business and earn up to $4,300 in travel value when you spend $120,000 in your first 4 months as a cardholder—$1,000 bonus to use on Capital One Business Travel + 300,000 bonus miles + your $300 annual Capital One Business Travel Credit 150,000 miles | 2 - 10X miles Open Rewards rates
| $395 |
How we rate cards
Choosing an everyday credit card is crucial for any savvy shopper. Primary factors we considered for this list were earning rates on everyday spending and annual fee. Whether you’re looking for cashback or reward earnings, having a solid everyday credit card is crucial to any credit card strategy. The right card will help you get the most out of your spending. To learn about how TPG evaluates and chooses cards for our roundups, check out our methodology here.
Earning ratesCards on this list offer elevated returns on daily expenses so that you can get the most out of your everyday purchases.
Annual feeSelect cards on this list feature an annual fee but in turn also offer elevated earning rates.
Welcome bonusA welcome bonus has a substantial impact on a card’s value and there are some solid welcome bonuses on this list.
Redemption optionsWhether you’re looking for cash back or transferable reward points, our best everyday credit cards offer a plethora of redemption options.
Added benefitsSelect cards offer additional benefits like annual airline incidental credit and a long introductory APR period for balance transfers.
Ask our experts
What’s your favorite everyday credit card — and why?
How to choose the best everyday spending credit card
With so many options available, the main factors to consider when choosing a credit card for everyday purchases are your own spending habits and what type of rewards you’re looking to accumulate. Selecting a card for everyday spending that aligns with how you make purchases and aligns with your goals (earning cash back or stacking up points and miles, for instance) will give you the best return on purchases you’re already making.
Here are some of the main points to consider when choosing an everyday credit card:
- Select cards feature an annual fee but often feature an elevated earning rate. If you spending will earn more from the elevated rate than the card’s annual fee, then the card may be worth its annual fee for you.1Annual fee
- Welcome bonuses are a major contributor to a card’s value but larger bonuses typically require larger spending. Choose a credit card that you can meet the spending limit for to earn the card’s welcome bonus.2Welcome bonus
- For an everyday credit card, you want to look for cards that feature bonus categories that best align with your spending. Whether it is travel or groceries, choosing an everyday credit card that offers elevated earnings on your main spending category will help you reap the most rewards out of your spending.3Bonus categories
Credit pointers with Brian Kelly
Turn your everyday expenses, from bills to grocery shopping, into credit card rewards
59 sec video
Pros + cons of everyday spending credit cards
Pros
- When used responsibly, credit cards can improve your credit score.
- Many everyday credit cards offer a solid return on your spending — whether it’s a flat earning rate on all purchases or bonus rewards in key categories.
- Some everyday spending cards feature additional travel perks or statement credits.
Cons
- Spending beyond your means just to earn rewards can impact your credit score and cost you hundreds of dollars in interest.
- Some everyday credit cards only earn cash-back rewards, limiting your ability to use them for maximum value.
- If you select a broad everyday spending card, you may miss out on brand-specific perks — like free checked bags with your preferred airline or automatic hotel elite status.
Frequently asked questions
There is no single best card for everyday spending — just the best one for your situation.
The Chase Freedom Unlimited® is a great starter card to begin accruing valuable Ultimate Rewards points. Meanwhile, the Blue Business Plus offers an impressive return on general spending. In comparison, the Capital One Venture Rewards Credit Card offers a valuable sign-up bonus paired with a return of more than 2 miles per dollar on everyday spending long-term.
The Citi Double Cash® Card earns 2% cash back (1% when you buy, plus 1% as you pay), which can be converted to ThankYou points via a linked ThankYou Rewards account. And the Bank of America® Premium Rewards® credit card is a superb option if you have a high-balance relationship with BofA Rewards™ program.
Ultimately, all the cards on this list are valuable for everyday spending. Which one you choose will be determined by your spending habits and goals.
Using your credit card for everyday purchases is a great way to earn rewards and build your credit. With responsible usage, having a credit card for everyday spending can help you save money by earning cash back or reward points on money you already spend.
Credit cards do not have to be reserved for an emergency or an unexpected expense. Using a credit card for the spending you already do and paying it off every month — at TPG, we always recommend that you avoid carrying a balance whenever possible — is a great way to increase your credit score and improve your financial health.
The answer depends on your spending habits, financial goals and how many cards you’re comfortable managing at once for everyday spending. Some TPG staffers have over 20 credit cards, while others only hold a few. Many beginners start with just a single credit card, but if you’re considering more, be sure you’re comfortable juggling them all — especially when it comes to making on-time payments on everyday and recurring purchases.
A goal for many experts is to never earn just 1% on any given purchase. Generally, this means having cards that earn bonus rewards in the categories you spend the most in each month and at least one card that earns a decent reward rate on non-bonus spending.
If a slim wallet of two or three cards helps you hit your goals, then that’s the number of cards you should have. If a wallet filled with 20 or more helps you maximize spending and travel plans, then that’s valid, too. It’s all about your specific needs, wants and spending habits.