Experian and CreditMatch logo

Best Rewards Credit Cards of 2022

At Experian, one of our priorities is consumer credit and finance education. This post may contain links and references to one or more of our partners, but we provide an objective view to help you make the best decisions. For more information, see our Editorial Policy.

Some of the best rewards credit cards offer several ways you can rack up cash back, points or miles on every purchase you make. In many cases, you may also be able to score a huge welcome bonus when you open your account.

If you're looking for your next rewards credit card, it's important to understand the type of rewards you want and how you spend your money. It's also critical that you check your credit score: Most of the best options are reserved for people with good credit or better.

With that in mind, here are some cards that can help you start your search.

2 Partner Offers

Our Picks for the Best Rewards Credit Cards
Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

2 miles per dollar spent on every purchase and 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel

75,000 miles once you spend $4,000 with the card in the first 3 months

Petal® 1

Petal® 1 "No Annual Fee" Visa® Credit Card

2% - 10% cash back from select merchants

This card is issued by WebBank

Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is an excellent choice for travelers who value simplicity. The card offers a flat 2 miles per dollar spent on every purchase you make, with the exception of travel, hotel and rental car purchases made through Capital One Travel, which earn 5 miles per dollar.

As a new cardholder, you'll earn 75,000 bonus miles after you spend $4,000 during the first 3 months from account opening. You'll also get an application fee credit worth up to $100 for Global Entry or TSA Precheck when you use your Venture card to apply, which can save you a lot of time if you travel on the regular. The card has a $95 annual fee.

What really makes this card special, though, is the flexibility you'll get with redeeming miles for travel. You can book directly through Capital One, book on your own and request a statement credit or transfer your miles to one of the bank's many airline partners.

Capital One Venture Rewards Credit Card


on Capital One's website

Good - Exceptional

Capital One Venture Rewards Credit Card


20.24% - 28.24% (Variable)

Intro APR



5x Miles on hotels and rental cars booked through Capital One Travel

2x Miles on All Purchases

Intro Bonus

Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel

Annual Fee


Card Details
  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • 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 $100 credit for Global Entry or TSA PreCheck®
  • Enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through the Partner Lounge Network
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs

Petal® 1 "No Annual Fee" Visa® Credit Card

If you're brand new to credit, finding a rewards credit card can be tough unless you qualify for a student credit card. The Petal® 1 "No Annual Fee" Visa® Credit Card issued by WebBank offers an excellent way to build your credit from scratch while earning rewards along the way.

If you don't have a credit score, don't fret. Simply connect your bank account, and the card issuer will review your cash flow to determine how well you manage your money. What's more, the card doesn't require a security deposit.

In terms of rewards, the card offers from 2% to 10% back at select merchants. While it may be disappointing not to earn rewards on every purchase you make, big purchases that do earn rewards can easily make up for that. The card has no annual fee.

Read full review

Petal® 1 "No Annual Fee" Visa® Credit Card


on Petal's website

Issued by WebBank, Member FDIC

Poor - Fair, New to Credit, Rebuilding

Petal® 1 "No Annual Fee" Visa® Credit Card


24.49% - 33.99% Variable

Intro APR




Annual Fee


Card Details
  • $0 Annual Fee
  • Variable APRs range from 24.49% - 33.99%
  • $300 - $5,000 credit limits
  • Earn a credit limit increase in as little as 6 months. Terms and conditions apply.
  • No credit score? No problem. If eligible, we'll create your Cash Score instead.
  • 2% - 10% cash back at select merchants
  • See if you're pre-approved within minutes without impacting your credit score
  • No annual or foreign transaction fees
  • Build credit alongside hundreds of thousands of Petal card members
  • Petal's mobile app makes it easy to manage your money, track your spending, and automate payments
  • Petal reports to all 3 major credit bureaus
  • No deposits required
  • Card issued by WebBank

Rates and Fees

How to Decide Which Card Is Right for You

There is no single best credit card for everyone. As a result, there are a few different things to keep in mind when trying to decide which rewards card is the best option for you:

  • Credit score: Most rewards cards require good or excellent credit. There are options available for bad- and fair-credit borrowers, but they're limited. If you want to add a top rewards card to your wallet, take steps to improve your credit score to increase your chances of approval. That starts with paying down current credit card balances and bringing any past-due accounts up to date.
  • Spending habits: While some rewards cards offer the same rewards rate on every purchase you make, others will give you bonus rewards on select purchases. Take a look at your expenses over the past few months to see how much you can earn with each card you review.
  • Preferences: Think about how you want to use the rewards you earn with your new card. If it's to travel, the right travel card will be much more effective than a cash back card. Also, look at each card's other features, such as fees, insurance protections and other perks, to determine which one best suits you.

Also, take some time to learn about how credit cards work to get a better idea of which direction you want to go.

How Do Rewards Credit Cards Work?

Rewards credit cards offer cash back, points or miles when you make eligible purchases. In most cases, that's all purchases, but some cards for limited or bad credit may restrict your rewards-earning to certain merchants or categories.

In many cases, you'll also earn rewards through a welcome bonus. Most cards will require you to spend a certain amount before you get the bonus rewards. But in some cases, you simply need to make one purchase to qualify. Just make sure you pay off the purchase quickly so you don't end up paying a lot in interest just to get the bonus.

Redeeming rewards can vary from card to card. With cash back, for instance, you can typically get your rewards in cash, statement credits, gift cards or other ways. With travel rewards, though, your redemption options will depend on the type of travel card you chose.

How to Maximize Credit Card Rewards

If you're looking for a way to rack up as much as possible in rewards, here are some tips to help you out:

  • Earn points fast with welcome bonuses.
  • Use your card for everything you reasonably can—as long as you can pay off the balance each month.
  • Get multiple credit cards that complement each other's rewards rates based on your spending habits.
  • Pay your bills on time and in full every month to avoid interest charges and dings to your credit score.
  • If you're earning travel rewards, make sure you understand all of your redemption options so you don't leave money on the table.

Additional Credit Card Perks, Protections and Insurance

In addition to cash back, points or miles, many credit cards also offer insurance protection and other credit card benefits that can provide a lot of value. Some of the more basic perks include:

  • Rental car insurance
  • Purchase protection
  • Extended warranty coverage
  • Travel insurance
  • Cellphone protection

With some travel cards, you may also get things like:

  • Global Entry or TSA Precheck application fee credits
  • Credits for travel purchases
  • Complimentary airport lounge access
  • Trip cancellation or interruption insurance
  • Lost luggage reimbursement and delayed baggage insurance

As you compare cards, look beyond the rewards to ensure you're getting the most value based on how you plan to use your new card.

Make Sure Your Credit Is Ready for a New Card

It can be tough to know if you'll qualify for a certain credit card, especially if you're still in the process of building credit. Check your credit score to see where you stand, and also consider reviewing your credit report to determine whether you need to address potential issues.

Also, consider using a tool like Experian CreditMatch™ to get prequalified for rewards cards based on your credit profile. This process won't hurt your credit score—and will give you the chance to compare cards for which you have a good chance of getting approved.