3 Credit Card Rewards Programs that Offer Unlimited Rewards for All Purchases
Unlimited rewards credit card does not have any cap on the spending limit for earning the rewards points. This means that you get to earn cash back every time you use your card to pay for your shopping expenses. The following are the top 3 credit cards that offers unlimited rewards:
1. Chase Freedom Unlimited
Chase Freedom Unlimited offers a flat 1.5% cash back rewards no matter what item you purchase. The card offers a $150 signup bonus when at least $500 is spent. You can combine the points that you earn with other credit cards such as Chase Sapphire Preferred and Chase Sapphire Reserve. The points that you earn can be exchanged into cash back or airline miles. The rewards rate can increase up to 1.875% depending on what rewards you exchange. The card features a 15 months introductory period where you get charged with 0% interest on all your purchases during this period. The introductory period also applies to balance transfer. The cash back rewards do not expire and it does not have any annual fee. It does not have penalty APR but it charges a late fee for late payment. The foreign transaction fee for Chase Freedom Unlimited is 3%.
2. Citi Double Cash Card
Citi Double Cash Card offers a 2% rewards on everything that you buy without any cap. It first reward you with 1% rewards when you pay for your expenses. The other 1% rewards will be credited to your account at the end of the year. Card holders who leave a balance month to month will not be able to redeem the other 1% rewards. It does not have any bonus category so it is easy to get rewards from your purchases. The card does not offer any welcome bonus program. It features services such as Price Rewind and EMV technology. Citi Double Cash Card is suitable for use as a primary credit card because it does not have any annual fee.
3. Wells Fargo Propel 365 American Express Card
Wells Fargo Propel 365 American Express Card allows cardholders to earn unlimited rewards points on a few categories including 3x points on gas, 2x points on dining, and 1x point on all other purchases. The rewards points can be redeemed for a variety of merchandises including gift card, cash back, and travel voucher. The card has a signup bonus program that rewards customers with 20,000 bonus points after spending a minimum of $3,000. It offers 0% introductory period for up to 12 months. You can often get discount on booking airfare and accommodation when paying with the card. It features purchase protection and concierge services for 24/7. If you have a Wells Fargo checking/savings account, you will be eligible to earn up to 50% of rewards points as an annual relationship bonus.