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These offers are no longer available on our site: Ink Business Preferred® Credit Card, Capital One® Venture® Rewards Credit Card, Bank of America® Premium Rewards® Visa® credit card
Hear from our editors: The best credit cards for excellent credit of July 2020
Updated June 17, 2020
We update credit card details (e.g., APR, sign-up bonus) as we receive new information from our marketing partners.
Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our marketing partners don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when it’s posted.
Written by: Ben Luthi
The best credit cards for excellent credit provide some solid rewards and perks that can enhance your experience as a cardholder.
If you have excellent credit — typically considered to be a VantageScore above 780 or a FICO® score of 800 or higher — you’ll have a chance to qualify for some of the best credit cards available on the market. That includes premium rewards and benefits, strong cash back offers, top-tier business credit cards and more.
Here’s our take on the best options.
- Chase Sapphire Reserve®: Best for premium rewards
- Platinum Card® from American Express: Best for luxury perks
- Capital One® Venture® Rewards Credit Card: Best for straightforward travel rewards
- Bank of America® Premium Rewards® Visa® credit card: Best for a cash back bonus
- Citi® Double Cash Card: Best for a high cash back rewards rate
- Ink Business Preferred® Credit Card: Best for small business expenses
Chase Sapphire Reserve®: Best for premium rewards
Here’s why: This travel card offers a large sign-up bonus plus triple the rewards on travel and dining. What’s more, all your points are worth 1.5 cents apiece when you redeem them for travel through the Chase Ultimate Rewards® portal.
First, you’ll earn 50,000 bonus points after you spend $4,000 in the first 3 months after account opening. Plus, you’ll earn 10 points per $1 spent on Lyft rides (through March 2022), three points per $1 on travel and dining worldwide and one point per $1 on all other eligible purchases.
If you have the Chase Sapphire Reserve®, your points are worth 50% more when you use them to book travel through Chase, which means the sign-up bonus offer is worth $750 when redeemed in that way. If you want more flexibility and the potential for better value, you can also transfer your rewards to one of Chase’s several airline and hotel partners.
Here are some other benefits of the Chase Sapphire Reserve®.
- $300 annual travel credit
- Complimentary Priority Pass Select airport lounge access
- Lyft Pink membership for one year, when you activate by March 31, 2022
- DoorDash DashPass membership for at least one year, when you activate by Dec. 31, 2021
- Up to $120 in statement credits on DoorDash purchases through 2021
- Application fee credit for Global Entry or TSA PreCheck
The major downside is the card’s annual fee: $550. But if you can take full advantage of its rewards program and benefits, it can be worth it.
Read Credit Karma’s review of the Chase Sapphire Reserve® to learn more.
Platinum Card® from American Express: Best for luxury perks
Here’s why: The luxury benefits that you get with the Platinum Card® from American Express can provide more than enough value to make up for its steep Platinum Card® from American Express annual fee.
You’ll earn five points per $1 on flights booked directly with airlines and through Amex Travel, as well as on prepaid hotels booked through Amex Travel. But all other purchases will net you just one point per $1.
You can redeem rewards directly with Amex for up to 1 cent per point, or you can transfer your points to one of the card issuer’s airline and hotel transfer partners to potentially get more value.
But the Platinum Card® from American Express’ real value is in its benefits, which include the following:
- A $200 annual airline fee credit
- Up to $200 in annual Uber credits
- Up to $100 in annual Saks Fifth Avenue credits
- Complimentary airport lounge access with Priority Pass, Delta Sky Club, Escape Lounges and more
- Application fee credit for Global Entry or TSA PreCheck
- Elite hotel status with Hilton Honors and Marriott Bonvoy
- Luxury hotel benefits with select brands
- Premium rental car benefits with Avis, National and Hertz
Depending on how (and how often) you travel, you can squeeze much more value out of this card every year than what you pay for it.
Get more details in our Platinum Card® from American Express review.
Capital One® Venture® Rewards Credit Card: Best for straightforward travel rewards
Here’s why: You’ll earn a flat two miles per $1 spent on every purchase you make. You’ll also get a bonus of 50,000 miles when you spend $3,000 in the first 3 months after opening your account.
Miles are worth 1 cent apiece when redeemed for travel, and you’ll have a lot of flexibility with how you can book. You can redeem directly through Capital One or use your card to book travel elsewhere, and then request a statement credit against the purchase after it posts to your account.
The card also offers an application fee credit for Global Entry or TSA PreCheck, and it has an annual fee of $95.
Read the full review of the Capital One® Venture® Rewards Credit Card for more information.
Bank of America® Premium Rewards® Visa® credit card: Best for a cash back bonus
Here’s why: This hybrid rewards card (travel and cash back) offers 50,000 bonus points after you spend $3,000 in the first 90 days after account opening.
You can use those points to book travel through Bank of America, buy gift cards, get a statement credit or get a deposit into your Bank of America checking account or Merrill Lynch investment account.
You’ll also earn two points per $1 on travel and dining and 1.5 points per $1 on everything else — unless you’re a Bank of America Preferred Rewards client, which can qualify you to earn up to 75% more in rewards.
The card charges a $95 annual fee but makes up for it with an annual $100 airline incidental statement credit — think seat upgrades, baggage fees, in-flight services and airline lounge fees — and an application fee credit for Global Entry or TSA PreCheck.
Read our Bank of America® Premium Rewards® Visa® credit card review if you’re considering the card.
Citi® Double Cash Card: Best for a high cash back rewards rate
Here’s why: You’ll earn a flat 2% cash back with the Citi® Double Cash Card — 1% back when you make a purchase and 1% back as you pay it off.
You can redeem your cash back as a statement credit, direct deposit or paper check, or you can convert it into Citi ThankYou Rewards points, which can open up a lot more redemption options.
The annual fee is $0, but there’s one more thing to consider: There’s no sign-up bonus.
Learn more about the Citi® Double Cash Card in our full review.
Ink Business Preferred® Credit Card: Best for small business expenses
Here’s why: The Ink Business Preferred® Credit Card offers a massive sign-up bonus of 100,000 points after you spend $15,000 in the first 3 months. That’s worth $1,250 in travel when you book through Chase.
The card also offers three points per $1 on a handful of bonus categories, including travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines. All other purchases will net you one point per $1.
Points are worth 1.25 cents each when you use them to book travel through Chase, but you can potentially get even more value out of them if you transfer rewards to one of Chase’s travel partners.
Just keep in mind that the card charges a $95 annual fee.
Read our full Ink Business Preferred® Credit Card review to find out if it’s right for you.
How we picked these cards
If you have an excellent credit score, you’re likely to be able to choose from a lot of credit card options. With that in mind, we wanted to pick a wide variety of rewards credit cards that could suit your needs. And while many of these cards have annual fees, cardholders can find ways to cover them with points and perks.