The 5 best credit cards of 2022: Top cards compared

The 5 best credit cards of 2022: Top cards compared

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Credit cards are a large mode to gain a instrumentality connected galore antithetic kinds of spending. However, determination are a ton of cards to take from, and immoderate are decidedly amended than others. Like immoderate craftsperson volition archer you, there's a instrumentality for each occasion, and recognition cards are nary different.  

Here are the champion recognition cards for consumers to take among.

The Blue Cash Preferred from American Express

Best recognition paper overall

Intro BonusEarn a $350 connection recognition aft you walk $3,000 successful purchases connected your caller Card wrong the archetypal 6 months.

APR15.49%-25.49% Variable

Recommended CreditExcellent/Good

Reward Rates

  • 6% Cash Back astatine U.S. supermarkets connected up to $6,000 per twelvemonth successful purchases (then 1%)
  • 6% Cash Back connected prime U.S. streaming subscriptions
  • 3% Cash Back connected transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% Cash Back astatine U.S. state stations
  • 1% Cash Back connected different purchases

Annual Fee$95

Intro Purchase APR0% connected purchases for 12 months

Balance Transfer FeeN/A

Late Payment FeeUp to $40

Foreign Transaction Fees2.7% of each transaction aft conversion to US dollars.

Penalty APR29.99% Variable

Rewards & Redemption Details

  • 6% Cash Back astatine U.S. supermarkets connected up to $6,000 per twelvemonth successful purchases (then 1%)
  • 6% Cash Back connected prime U.S. streaming subscriptions
  • 3% Cash Back connected transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% Cash Back astatine U.S. state stations
  • 1% Cash Back connected different purchases

The Blue Cash Preferred is genuinely 1 of the champion recognition cards for mundane spending. It covers gas, groceries, streaming, and transit. And portion it does person an yearly interest of $95, it's waived for the archetypal year. And, its currency backmost complaint for groceries is truthful beardown that astir consumers (myself included) volition hardly announcement the fee.

Spend arsenic small arsenic $1,600 connected groceries per twelvemonth to gain $96, which is capable to screen its yearly fee. But cardholders volition gain overmuch much than that aft accounting for the card's state and streaming rewards.

Also, portion the paper is restricted to earning 5% currency backmost astatine US supermarkets (excluding Walmart, Target, and Costco) an casual enactment astir is to acquisition acquisition cards for different retailers astatine the market store. That way, you tin gain that precocious 5% currency backmost complaint with much than conscionable market stores.

With the outgo of mundane goods connected the rise, having a recognition paper that earns a beardown complaint for some state and groceries, arsenic good arsenic for thing that tin assistance consumers unbend a spot (i.e. streaming services), could spell a agelong way.

Curious to spot however it stacks up to the competition? Check retired our choices for the 5 champion market recognition cards.

Pros

  • 5% currency backmost astatine US supermarkets and for prime US streaming services
  • 3% currency backmost for gas
  • Annual interest waived archetypal year
  • 0% intro APR connection for caller purchases for 12 months (then 14.74% to 24.74% variable)

Cons

  • Annual fee
  • $6,000 yearly spending bounds connected groceries
  • $25 minimum redemption

Terms use to American Express benefits and offers. Enrollment whitethorn beryllium required for prime American Express benefits and offers. Visit americanexpress.com to larn more.

The US Bank Altitude Connect

Best for gas

Intro BonusIntro Offer: Earn 50,000 bonus points erstwhile you walk $2,000 successful eligible purchases wrong the archetypal 120 days of relationship opening.

APR17.49% - 25.49% (Variable)

Recommended CreditExcellent/Good

Reward Rates

  • 4X points connected travel, state stations, and EV charging stations.
  • 2X points connected streaming services.
  • 2X points astatine market stores, market delivery, and dining.
  • 1X constituent connected each different eligible purchases.

Annual Fee$0 introductory yearly interest for the archetypal 12 months, After that $95

Intro Purchase APRN/A

Balance Transfer FeeEither 3% of the magnitude of each transportation oregon $5 minimum, whichever is greater

Balance Transfer APR17.49% - 25.49% (Variable)

Foreign Transaction FeesN/A

Rewards & Redemption Details

  • 4X points connected travel, state stations, and EV charging stations.
  • 2X points connected streaming services.
  • 2X points astatine market stores, market delivery, and dining.
  • 1X constituent connected each different eligible purchases.

With state prices connected the emergence crossed the country, earning a instrumentality connected state spending is much important than ever. Although it does person a $95 yearly fee, it's waived for the archetypal year.

Each constituent is worthy 1 cent and tin beryllium redeemed for connection credits, which means the paper fundamentally earns 4% currency backmost astatine state stations. So, if you walk $2,500 annually connected gas, you'll gain $100 back, which covers the fee. 

While that mightiness look steep, with record-breaking state prices, it wouldn't beryllium astonishing to spot adjacent higher levels of yearly spending. For example, according to Yardeni Research, a US household could walk much than $5,000 connected state successful 2022. Spending $5,000 successful state with the US Bank paper would equate to $200 back.

In summation to beardown state rewards, the paper earns a bully complaint for hotels and rental cars, groceries, dining, and streaming, truthful it's much than conscionable a one-trick pony. It's issued arsenic a Visa Signature, too, which means it comes equipped with a bully enactment of utile perks, arsenic good arsenic an yearly $30 streaming recognition to screen immoderate of your binge-watching needs.

Pros

  • 4x points per dollar for gas
  • Annual interest waived the archetypal year
  • $30 yearly streaming credit
  • Visa Signature perks
  • Global Entry/TSA PreCheck exertion interest credit

Cons

  • Annual fee
  • $25 minimum redemption

The Platinum Card from American Express

Best for traveling

Intro BonusEarn 100,000 Membership Rewards® points aft you walk $6,000 connected purchases connected your caller Card successful your archetypal 6 months of Card Membership.

APRSee Pay Over Time APR

Recommended CreditExcellent/Good

Reward Rates

  • Earn 5X Membership Rewards® Points for flights booked straight with airlines oregon with American Express Travel up to $500,000 connected these purchases per calendar year.
  • Earn 5X Membership Rewards® Points connected prepaid hotels booked with American Express Travel.

Annual Fee$695

Intro Purchase APRN/A

Rewards & Redemption Details

  • Earn 5X Membership Rewards® Points for flights booked straight with airlines oregon with American Express Travel up to $500,000 connected these purchases per calendar year.
  • Earn 5X Membership Rewards® Points connected prepaid hotels booked with American Express Travel.

It's hard not to deliberation of The Platinum Card from American Express erstwhile considering the champion question cards. Few recognition cards tin vie with its astir unparalleled payment offering. However, it should lone beryllium considered by the avid traveler, arsenic it has an yearly interest of $695.

That said, it besides comes equipped with a staggering fig of yearly credits that efficaciously little the yearly interest to a overmuch much manageable number. That's different crushed wherefore it shouldn't beryllium considered by the mean traveler; you'll lone get the existent worth from the paper truthful agelong arsenic you're capable to instrumentality vantage of everything it has to offer.

While the paper does person bully question rewards, the existent gully are its benefits. In summation to a immense array of question protections, including Travel Accident Insurance, rental car insurance, baggage insurance, and travel hold insurance, The Platinum Card has respective yearly credits, including a $200 edifice credit, a $200 incidental hose interest credit, a $189 CLEAR credit, a $240 integer amusement credit, a $155 Walmart+ credit, and a Global Entry/TSA PreCheck exertion interest credit, to sanction a few.

If you tin utilize those credits each year, it would much than screen the yearly fee. There's besides the complimentary Elite statuses it offers with Hilton and Marriott Bonvoy, positive entree to the largest postulation of airdrome lounges done the Global Lounge Collection membership. Suffice to say, determination is plentifulness of worth to beryllium had present for the predominant traveler.

Terms use to American Express benefits and offers. Enrollment whitethorn beryllium required for prime American Express benefits and offers. Visit americanexpress.com to larn more.

Pros

  • Numerous yearly credits
  • Strong question protections
  • Good rewards

Cons

  • High yearly interest ($695)
  • Only for the predominant traveler

Terms use to American Express benefits and offers. Enrollment whitethorn beryllium required for prime American Express benefits and offers. Visit americanexpress.com to larn more.

The Chase Sapphire Preferred

Best for earning rewards

Intro BonusEarn 60,000 bonus points aft you walk $4,000 connected purchases successful the archetypal 3 months from relationship opening. That's $750 erstwhile you redeem done Chase Ultimate Rewards®.

APR16.74% - 23.74% Variable

Recommended CreditExcellent/Good

Reward Rates

  • 5x connected question purchased done Chase Ultimate Rewards®
  • 3x connected dining.
  • 2x connected each different question purchases, positive more.

Annual Fee$95

Intro Purchase APRN/A

Balance Transfer FeeEither $5 oregon 5% of the magnitude of each transfer, whichever is greater.

Balance Transfer APR16.74% - 23.74% Variable

Late Payment FeeUp to $40

Foreign Transaction Fees$0

Penalty APRUp to 29.99%

Rewards & Redemption Details

  • 5x connected question purchased done Chase Ultimate Rewards®
  • 3x connected dining.
  • 2x connected each different question purchases, positive more.

With its precocious invited bonus, flexible redemption options, and lucrative rewards program, it's casual to spot wherefore this is simply a bully prime for a rewards card. While it is geared toward travel, cardholders volition nary uncertainty spot a bully instrumentality connected their spending aft taking afloat vantage of what it has to offer.

Its superior features are its 1:1 transportation complaint to Chase's question partners and 25% redemption bonus erstwhile redeeming rewards for question done Chase Ultimate Rewards. Each constituent is typically worthy 1 cent, but if you redeem done Chase Ultimate Rewards, that'll beryllium bumped up to 1.25 cents. However, if you transportation your points to 1 of Chase's question partners, you tin find an adjacent higher per-point value.

If you tin find the close transportation deal, Chase Ultimate Rewards points could beryllium worthy 1.5 cents oregon much each. With its 5x points for question booked done Chase Ultimate Rewards, 3x points for eating and streaming, and 2x points for each different travel, that would mean the paper earns the equivalent of 7.5%, 4.5%, and 3% currency backmost for those categories, respectively. Chase's question partners see JetBlue, United, Southwest, World of Hyatt, and Marriott Bonvoy, among others.

Want to spot however it compares to the competition? Take a look astatine our 6 champion rewards recognition cards.

Pros

  • 1:1 transportation rate
  • 25% redemption bonus done Chase Ultimate Rewards
  • 5x points for question booked done Chase Ultimate Rewards
  • 3x points for eating and streaming
  • 2x points for each different travel

Cons

  • Annual fee
  • Takes other enactment to get the astir retired of the card

The Chase Ink Business Cash Card

Best for tiny businesses

Intro BonusEarn $750 bonus currency backmost aft you walk $7,500 connected purchases successful the archetypal 3 months from relationship opening

APR13.99% - 19.99% Variable

Recommended CreditGood, Excellent

Reward Rates

  • Earn 5% currency backmost connected the archetypal $25,000 spent successful combined purchases astatine bureau proviso stores and connected internet, cablegram and telephone services each relationship day year
  • Earn 2% currency backmost connected the archetypal $25,000 spent successful combined purchases astatine state stations and restaurants each relationship day year
  • Earn 1% currency backmost connected each different paper purchases with nary bounds to the magnitude you tin earn

Annual Fee$0

Intro Purchase APR0% Intro APR connected Purchases for 12 months

Balance Transfer FeeEither $5 oregon 5% of the magnitude of each transfer, whichever is greater.

Balance Transfer APR13.99% - 19.99% Variable

Foreign Transaction Fees3% of each transaction successful U.S. dollars.

Penalty APRUp to 29.99%

Rewards & Redemption Details

  • Earn 5% currency backmost connected the archetypal $25,000 spent successful combined purchases astatine bureau proviso stores and connected internet, cablegram and telephone services each relationship day year
  • Earn 2% currency backmost connected the archetypal $25,000 spent successful combined purchases astatine state stations and restaurants each relationship day year
  • Earn 1% currency backmost connected each different paper purchases with nary bounds to the magnitude you tin earn

If you're a tiny concern proprietor who's looking for a mode to gain a instrumentality connected a fewer business-related expenses, see this card. It earns 5% currency backmost for fashionable concern categories, including bureau supplies, internet, and cablegram and telephone services. It besides has a lucrative invited bonus and offers rewards connected state and dining.

It's a bully enactment for a concern that spends crossed a fig of antithetic categories. It's elemental and rewarding, and adjacent comes with an intro 0% APR connection for caller purchases (then 13.49% to 19.49% variable). Additionally, it features escaped worker cards and a bully enactment of question and buying protections.

Looking for different options? Check retired our 6 champion recognition cards for concern owners.

Pros

  • Simple and rewarding
  • Lucrative invited bonus
  • 5% currency backmost for concern expenses
  • 2% currency backmost for state and dining
  • No yearly fee

Cons

  • $25,000 yearly walk bounds connected 5% rewards
  • Foreign transaction fee

What is the champion recognition card?

While each of the cards collected present are large options, the champion wide recognition paper for consumers is the Blue Cash Preferred from American Express. It's incredibly rewarding and covers indispensable purchases similar state and groceries. It does transportation an yearly fee, but you'll hardly announcement it acknowledgment to its precocious currency backmost rate. It mightiness not person the astir awesome postulation of benefits, but the currency backmost complaint for indispensable purchases is excessively bully to walk up.

Considering that the outgo of state and nutrient is increasing, having a paper that tin enactment immoderate wealth backmost into your pouch for purchases you request to marque careless of the terms is precise valuable. And with a small other work, you tin gain 5% currency backmost astatine your favourite retailers simply by purchasing acquisition cards from your section market store.

It's benefits, portion not arsenic awesome arsenic The Platinum Card, volition inactive beryllium utile for cardholders. Your caller purchases volition beryllium covered against harm and theft for 90 days, you tin support an oculus connected your VantageScore 3.0 recognition score, positive instrumentality vantage of escaped two-day shipping with qualifying merchants acknowledgment to the card's ShopRunner membership.

However, if you're inactive not sold, coming successful 2nd would beryllium the Chase Sapphire Preferred. It's a lucrative paper with tons to offer, but it takes immoderate enactment to get the champion worth and is chiefly question focused, which makes it little accessible to the mean consumer.

No substance which paper you choose, however, you'll find a bully woody of worth and utility. Take a look astatine each of the champion recognition cards, side-by-side, and take the 1 that would champion suit your needs.

Card Name

Best for

Rewards

Blue Cash Preferred

Essential spending

  • 6% currency backmost (on the archetypal $6,000 spent, past 1%) astatine US supermarkets
  • 6% for prime US streaming services
  • 3% astatine US state stations and transit
  • 1% for everything else

US Bank Altitude Connect

Gas

  • 5x points per dollar connected prepaid hotels and car rentals booked straight successful the Altitude Rewards Center.
  • 4x points for gas, travel, and EV charging stations
  • 2x points for groceries, dining, and streaming
  • 1x constituent for everything else

The Platinum Card from Amex

Travel

  • 5x points per dollar (on the archetypal $500,000 spent) for flights booked straight with airlines oregon with Amex Travel
  • 5x points for prepaid hotels booked done Amex Travel
  • 1x constituent for everything else

Chase Sapphire Preferred

Rewards

  • 5x points per dollar for question purchased done Chase Ultimate Rewards
  • 3x points for eating and takeout
  • 3x points for online market purchases (excluding Target, Walmart and wholesale clubs)
  • 3x points for prime streaming services
  • 2x points for each different travel
  • 1x constituent for everything else

Chase Ink Business Cash

Business

  • 5% currency backmost (on the archetypal $25,000 spent successful combined purchases) astatine bureau proviso stores and connected internet, cablegram and telephone services
  • 2% (on the archetypal $25,000 spent successful combined purchases) astatine state stations and restaurant
  • 1% for everything else

Which recognition paper is close for you?

Each of these recognition cards has plentifulness to offer, and utilizing 1 oregon much for its peculiar advantages could maximize the instrumentality connected your spending. For example, usage the Blue Cash Preferred for each of your market buying and the Chase Sapphire Preferred arsenic your go-to rewards card. The US Bank Altitude Connect would beryllium amended for gas, and the Ink Business Cash is simply a large prime for concern owners.

Get this card…

If you are…

The Blue Cash Preferred

Looking to gain a ton of currency backmost for groceries, streaming, and gas

US Bank Altitude Connect

Looking to gain rewards for filling up your state tank

The Platinum Card from Amex

Looking for premium question benefits and rewards

Chase Sapphire Preferred

Looking to gain rewards and program to usage them to money your travels

Chase Ink Business Cash

A concern proprietor who wants to gain currency backmost for concern expenses

How did we take these recognition cards?

We chose these recognition cards due to the fact that they connection best-in-class rewards and benefits for their respective categories. The recognition cards for each class were compared based on their rewards, benefits, redemption versatility, rates, fees, and intro APR offers. 

The ones that made it to the apical did truthful due to the fact that they are wide recognized arsenic beardown recognition cards that would marque a welcomed summation to immoderate consumer's wallet. Choose the paper that champion fits your spending habits and beryllium definite to usage it responsibly.

Can I usage much than 1 recognition card?

The elemental reply is yes. However, the fig of recognition cards consumers should use for varies. In general, it's a bully thought to bounds yourself to a rewards paper for indispensable purchases specified arsenic state and groceries, a question paper depending connected however often you find yourself connected the road, and a rewards paper (such arsenic a flat-rate currency backmost card) that earns rewards for purchases not covered by the different rewards card. Anything beyond 3 recognition cards should beryllium considered with greater caution.

You tin usage immoderate of the cards present together. The Blue Cash Preferred is large for groceries, and combined with the US Bank Altitude Connect, you'd person some state and groceries covered by beardown rewards. You could past take either the Sapphire Preferred for a wide question card, oregon The Platinum Card if you question capable to warrant the cost.

With each fiscal products, what's important is utilizing the tools responsibly and being alert of the presumption and fees. Pay your measure connected time, debar spending wealth you don't have, and don't alteration your spending habits to acceptable a card. You privation the recognition paper to enactment for you, not the different mode around.

Can I get each recognition paper connected this list?

Technically speaking, yes. However, it's not a bully idea, some from a recognition standpoint and a inferior standpoint for the cards. Some of the recognition cards overlap successful rewards and features, similar the Chase Sapphire Preferred and The Platinum Card, arsenic good arsenic transportation comparatively precocious yearly fees.

Are determination immoderate alternate recognition cards worthy considering?