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It’s no secret that some credit cards get more attention than others. Cards like The Platinum Card® from American Express and the Chase Sapphire Reserve that have won our loyalty time and time again are popular choices for travel rewards. But that doesn’t mean they’re the only game in town.

Today we’ll take a look at six of the most underrated credit cards, all of which offer cash back or a simplified “travel eraser” rewards structure, which means that to use those cards well, you won’t have to devote a lot of time to how you redeem your points.

Capital One Venture Rewards Credit Card

Sign-up bonus: Earn 50,000 miles (worth $500) after you spend $3,000 in the first 3 months

Annual fee: $95 (waived the first year)

Why you’ll love it: The Capital One Venture Rewards Credit Card has been one of the hottest cards this year, thanks to a solid sign-up bonus worth $500, a consistent 2 miles per dollar on all purchases and an eye-popping 10x miles on purchases. Simplicity is the name of the game here, from earning to redemptions. Your miles are worth a fixed 1 cent each toward the cost of travel, meaning there’s no agonizing about scoring the perfect redemption. Simply put travel purchases on your card and use your points to erase the charges within 90 days. There are no redemption minimums, so you can even erase minuscule charges like the $5.60 in taxes on most domestic award tickets.

The major additions to the Venture Rewards card since the beginning of 2018 include adding a Global Entry/TSA PreCheck application fee credit worth up to $100 and a partnership with that results in 10 miles per dollar when you pay using your Venture card and book through This stacks with Rewards, the website’s own loyalty program, which offers 1 free night for every 10 paid nights, essentially adding another 10% to your overall return. With 2% back on all purchases and up to 20% back on hotel bookings, this card deserves a lot more attention than it’s gotten. Read our full review of the card.

Bank of America Premium Rewards credit card

Sign-up bonus: Earn 50,000 points (worth $500) after spending $3,000 in the first 90 days

Annual fee: $95

Why you’ll love it: The Bank of America Premium Rewards credit card is a standout thanks to its strong perks, incredible freedom when it comes to redemptions and bonus opportunities that reward customer loyalty. You’ll get a $100 annual airline credit and a Global Entry/TSA PreCheck application fee credit worth up to $100, which more than makes up for the card’s modest $95 annual fee. Points earned with the Premium Rewards card are worth one cent each and you’ll earn bonuses on travel and dining, but your bonus categories will be amplified if you qualify for the Bank of America Preferred Rewards program, which is open to customers who have a Bank of America personal checking account and a 3-month average combined balance of $20,000 or more in a BoA and/or Merrill Edge or Merrill Lynch investment accounts. If you qualify, your bonus categories will be as follows:

Spend Categories Regular Cardholder Tier 1 – Gold ($20,000 – $50,000) Tier 2 – Platinum ($50,000 – $100,000) Tier 3 – Platinum Honors ($100,000+)
Travel/Dining Earnings 2x points 2.5x points 3x points 3.5x points
Other Earnings 1.5x points 1.875x points 2.25x points  2.625x points

The ability to earn up to 2.625x points (equivalent to 2.625%) on everyday spend makes this card highly competitive, as does the lack of foreign transaction fees and a sign-up bonus worth $500. Add in the ability to redeem your rewards for cash back, travel purchases or gift cards, and this card should be on the radar of every Bank of America customer. Read our full review of the card.

Capital One Savor Cash Rewards Credit Card

Sign-up bonus: $500 after spending $3,000 in the first 3 months

Annual fee: $95

Why you’ll love it: The recently refreshed Capital One Savor Cash Rewards Credit Card has a few things going for it. Not only is the $500 sign-up bonus among the highest of any personal cash back card on the market, but the Savor offers strong long-term earning potential. You’ll get an unlimited 4% back on dining and entertainment, 2% at grocery stores, and 1% everywhere else. This 4% back on the combination of dining and entertainment is a strong pair of bonus categories, and with Americans spending a record $61 billion dining out in July, it comes at a perfect time.

You’ll also enjoy all the flexibility of a cash-back card, including no redemption minimums and rewards that never expire as long as your account stays open. As long as you can earn enough rewards to offset the $95 annual fee, the Capital One Savor card can be a great addition to your wallet. Read our full review of the card.

Wells Fargo Propel American Express® Card

Welcom bonus: 30,000 points (worth $300) after spending $3,000 in the first 3 months

Annual fee: $0

Why you’ll love it: There are plenty of things to like about the revamped Wells Fargo Propel American Express Card. It combines a simple cash-back rewards structure with strong bonus categories that include 3% back on travel, dining, gas stations and select streaming services, with 1% back everywhere else and no annual fee. Huge props go out to Wells Fargo for going after millennials with the bonus for spending on popular streaming services, which include Netflix, Hulu, Spotify Premium, Apple Music and more. As a 22-year old traveler, I wish more card issuers would move in this direction.

While the 3% bonus categories are solid on their own, you can potentially get 50% more value if you also hold the Wells Fargo Visa Signature® card. Points with the Visa Signature card are worth 1.5 cents each when redeemed for airfare instead of 1 cent apiece, and you can combine points between the two cards. You can even get as much as 1.75 cents per point in value for airfare if you spend $50,000 a year or more on the Visa Signature, turning the Propel’s 3% bonus categories into an effective 5.25% return. Read our full review of the card. (The information for the Wells Fargo Visa Signature Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.)

Discover It® Cash Back

Sign-up bonus: Discover will match the cash back on all purchases (including bonus categories) for your first year of cardmembership

Annual fee: $0

Why you’ll love it: While the Discover It bears a striking resemblance to the Chase Freedom, it doesn’t get nearly as much press. This is largely because it doesn’t have the same option to maximize your rewards that Chase’s Freedom family offers. Still, the Discover It is seriously worth considering. Similar to the Freedom, it offers 5% back on your first $1,500 when you enroll in rotating quarterly categories every three months, and 1% everywhere else. The categories in 2018 have included gas stations, restaurants, grocery stores, and Amazon and wholesale clubs.

The real kicker on the Discover it card is the unique sign-up bonus. Instead of earning a fixed amount of points or cash after you spend a certain amount, Discover will match your first year’s cash back. This means the bonus categories are worth 10% for the first 12 months, and your non-bonus spending will earn a respectable 2%. The Discover it has no annual fee and no foreign transaction fees, making the card ideal both at home and on the road.

Citi Double Cash Card

(Photo by Eric Helgas for The Points Guy)
(Photo by Eric Helgas for The Points Guy)

Sign-up bonus: None

Annual fee: $0

Why you’ll love it: If all the jargon, acronyms, and program names make you question your commitment to this hobby, then the Citi Double Cash Card is perfect for you. It does one thing, and it does it quite well: simple, rewarding cash back. You’ll earn 1% back when you make a purchase and another 1% back when you pay your bill, but you should always remember to pay your bill in full each month to avoid accruing expensive interest. Once your rewards balance reaches $25, you can cash out by requesting a check, a statement credit, a gift card, or use your rewards to make a charitable donation.

While the card doesn’t have a sign-up bonus or any bonus categories to speak of, it does a great job letting you earn rewards without any effort. Just remember that there’s a hefty 3% foreign transaction fee on the Citi Double Cash, so you should leave this card at home when you travel overseas.

Bonus: The Blue Business℠ Plus Credit Card from American Express

This list is focused on personal credit cards, as not everyone is eligible to apply for a business card. But if you’re in the market for a great and highly underrated business card, The Blue Business Plus Credit Card from American Express is a terrific choice. The card earns 2 points per dollar on all purchases up to $50,000 each calendar year, and 1 point per dollar thereafter. Even better, you’ll earn full-fledged Amex Membership Rewards points with the Blue Business Plus that can be transferred to all of American Express’ airline and hotel partners without having to own any other Amex credit card.

The welcome bonus on the Blue Business Plus has historically never been very big, and for several months the card didn’t have any bonus at all. From now until September 26, you’ll get 10,000 bonus points after spending $3,000 in the first 3 months you have the card, worth $190 based on TPG’s latest points valuations. Best of all, the card has no annual fee, which is why it’s the top business credit card we recommend for everyday spending.

Bottom Line

Chase and Amex offer some incredibly popular credit cards, but that doesn’t mean there aren’t plenty of other lesser known cards on the market worth considering. So don’t just look at the best known cards on the market. Instead, broaden your horizons with some of the credit cards that don’t get as much attention, but which could very well be worth your time and consideration.

Capital One® Venture® Rewards Credit Card

New! Earn unlimited 10x miles on hotel stays booked and paid through Pair that with the Rewards program and you'll essentially be getting 20% off of hotel bookings! With the 50,000 mile sign-up bonus you'll be getting the equivalent of $500 and you'll have the flexibility to redeem those miles on any purchase for airfare, hotel stays, car rentals and more.

Apply Now
More Things to Know
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels; learn more at
  • Named ‘The Best Travel Card' by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Fly any airline, stay at any hotel, anytime; no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that
Intro APR on Purchases
Regular APR
14.74% - 24.74% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Balance Transfer Fee
Recommended Credit
Excellent, Good

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.