Buy-now, pay-later, or BNPL, loans are a type of short-term financing that allows you to split a purchase into equal, often interest-free, installments paid over a few weeks or months. 

Applying for a BNPL loan usually involves a soft credit check, meaning it won’t hurt your credit scores. But once the loan is approved and active, it may affect your credit. Read on to learn how these loans could affect your credit history and scores.

Does buy-now, pay-later affect your credit scores?

BNPL loans may soon affect your credit scores. Existing versions of the most widely used credit scoring models — FICO and VantageScore — aren’t using BNPL data in their score calculations yet, but the FICO® Score 10 BNPL and FICO® Score 10 T BNPL, launching in fall 2025, will factor in this information. 

Is buy-now, pay-later bad for your credit?

A buy-now, pay-later loan can hurt your credit if the BNPL provider reports your loan and activity to one of the three major credit bureaus — Equifax, TransUnion and Experian — and you make a late payment or miss one altogether. That negative history can appear on your credit report. Additionally, if you don’t repay your BNPL loan and it’s turned over to a debt collector, that collection could be reported to a credit bureau and hurt your credit scores. 

Some companies, such as Affirm, report BNPL activity to at least one credit bureau, while others, such as Klarna and Afterpay, don’t. 

If your BNPL provider does report to a credit bureau, here’s how the information is used:

• TransUnion notes on its website that any BNPL information provided to the credit bureau is visible to you but can’t be used by credit scoring companies or lenders and won’t affect credit decisions or your scores. It states, however, that this information may factor into your credit score provided by TransUnion in the future.
  
  Beginning in January 2026, all Credit Karma members with any BNPL account reported to TransUnion will see that account reflected on their TransUnion credit reports as “point-of-sale installment loan.” That information doesn’t currently affect members’ credit scores.

• Equifax credit reports include any BNPL information reported by providers. This information doesn’t affect your credit scores, but can be seen by lenders who request an Equifax credit report containing BNPL account information when deciding whether to approve you for a loan or credit.

• Experian also includes any reported BNPL data in your credit report. This information isn’t currently factored into existing credit scores, but is visible to lenders who request an Experian credit report and could affect whether they approve you for a loan or credit. 

How does buy-now, pay-later work?

BNPL is a type of short-term financing that allows you to make a purchase and pay for it later in installments. It’s a common option offered by online retailers, but you can also find it at some brick-and-mortar stores.

The standard BNPL plan operates as four equal payments over six weeks. You typically make the first payment at checkout, followed by a payment every two weeks.

Short-term BNPL loans often charge no interest because the provider earns money by charging merchants a transaction fee. But if you opt for longer-term options (ranging from three to 48 months) for bigger purchases, those typically charge interest — at an annual percentage rate, or APR, that’s typically higher than the average credit card APR.

What are the pros and cons of buy-now, pay-later loans?

If you need to make a purchase that just can’t wait, consider the advantages and drawbacks of a buy-now, pay-later loan.

Benefits of buy-now, pay-later loans

• Convenience. You’ll find out at checkout if you’re approved for a BNPL loan to make a purchase — no need to wait for a lending decision.
• Interest-free periods. With many short-term BNPL loans, like those offered by Klarna and Affirm, you won’t pay interest on your purchase.
• Soft credit check. The hard credit checks that some lenders do when you apply for a loan can ding your credit scores. But buy-now, pay-later providers typically use a soft credit check that won’t affect your credit scores.

Drawbacks of buy-now, pay-later loans

• Short repayment timeline. If you want to avoid paying interest, you typically need to pay for the entire purchase within six weeks, which might be tough for large purchases. 
• High interest rates for longer-term financing. Some providers, like Affirm and Klarna offer longer repayment terms — but it’ll cost you. These payment options charge interest, and rates for longer-term financing can be higher than the average APR for credit cards or personal loans. 
• Fees. If you make a late payment or it gets returned, you could be charged a hefty fee. 
• Might hurt your credit. Some providers report late or missed payments to the credit bureaus, which may appear in your credit report. 

Next steps

With BNPL accounts increasingly showing up on credit reports, it’ll be easier to track how your BNPL loan fits into your overall credit profile. 

If you have one or more BNPL loans, you can check your TransUnion report for free on Credit Karma to see if the account(s) appears as a “point-of-sale installment loan.” 

If you’re thinking about getting your first BNPL loan (or another one), consider comparing the loan terms and potential credit impact to that of a credit card or small personal loan. This can help you choose the best option for your financial situation and credit-building goals.

The American Express Platinum Card® stands out for both its high annual fee and the bevy of benefits it offers to help you justify the cost. Now, thanks to several card changes that went into effect on Sept. 18, it’s both more expensive and more loaded with credits to consider.

Read on for a guide to the new offerings and our tips on how to make them work for you.

Key takeaway: Despite the higher $895 annual fee, we think the updated American Express Platinum Card® offers enough extra value to maintain its appeal for anyone who liked the card prior to these changes. While not all of the boosted credits will appeal to all cardholders, the valuable new restaurant credits are more flexible than they appear at first glance. Plus, no key benefits were removed or made less valuable.

New annual fee takes effect in 2026

It’s understandable if the new $895 fee on the American Express Platinum Card® gives you pause. The good news is you’ll have time to assess how to maximize the value of your card’s new benefits before you start paying the higher fee.

While all of the new benefits of the card are now active, anyone who had the card before the Sept. 18 updates won’t pay the new annual fee until their next renewal date after Jan. 2, 2026. Depending on your anniversary date, that could give you several months to consider all the new benefits.

No cuts to key benefits

The best news about the new American Express Platinum Card® might not be what’s been added, but what’s not changing. If you’ve come to love many of the benefits on your card, you can rest easy that none of the card’s top benefits have been taken away. In fact, you might find that many of your favorite benefits are even better.

That includes the card-defining Global Lounge Collection, which now boasts more than 1,500 airport lounges worldwide.

Boosted hotel credits: Up to $600 annually

Your card offers up to $600 annually (or up to $300 every six months) in statement credits for Fine Hotels + Resorts® or The Hotel Collection bookings made via American Express Travel®. That’s three times the previous annual total for credits for these bookings. The boost to these credits carries the most potential value of any of the card’s new benefits, so it’s worth considering how you might make use of them.

Keep in mind that these credits come with some restrictions. Not all hotel bookings available via American Express Travel are part of these hotel collections, and those that are might not be the best choice for your travel plans. Also, as with many of the card’s statement credits, you can’t carry over any value you don’t use within the six months the credit is available.

A final note — the $300 credit for the second half of 2025 started on Sept. 18, so you’ll still get the full value even if you used the card’s previously available credit earlier in the year.

New restaurant credits: Up to $400 annually

The American Express Platinum Card® now offers a total of up to $400 in statement credits (distributed as up to $100 every quarter) on purchases at U.S. restaurants available for reservation through Resy. You don’t have to book a reservation through Resy for your purchase to qualify, or even have a reservation at all — you just have to use your card at an eligible restaurant.

Enrollment is required to activate your credit, and the credits don’t carry over from quarter to quarter.

If you have Resy-affiliated restaurants in your area, you might be able to use the credit just by eating at some of your favorite spots. Even if you don’t frequent eligible restaurants, you can keep the credit in mind when looking for restaurants while traveling in the U.S.

Boosted digital entertainment credit: Up to $300 annually

One of the most useful credits on the American Express Platinum Card® just got better. You’ll now get up to $25 in statement credits every month (or up to $300 annually) on eligible digital entertainment purchases. That’s an extra $5 per month on what was previously offered.

Participating digital entertainment subscriptions include Disney+, ESPN+, Hulu, The New York Times and YouTube TV and more. You’ll need to enroll for this benefit via your Amex account to receive the credit.

New Uber One membership credit: $120 annually

If you regularly take advantage of the Uber Cash credits on your card, you’ll probably find value in the new Uber One membership statement credits. When you use your card to purchase an auto-renewing membership (annual or monthly), you’ll get up to $120 in statement credits annually.

Uber One offers $0 delivery fees on qualifying Uber Eats orders, credits on rides and orders, and various other offers and savings opportunities. The monthly cost is $9.99, so your credit will cover the full amount.

New credits: Lululemon and Oura Ring

You’ll also get statement credits for purchases with Lululemon and Oura Ring.

For Lululemon, you’ll get up to $75 in quarterly statement credits for eligible purchases at Lululemon retail stores (not including outlets) and lululemon.com when you enroll to receive the benefit. If you’re a fan of the brand, or have even just been curious to try it, these credits could come in handy.

For Oura Ring, you’ll get up to $200 in statement credits annually when you enroll to receive this benefit through Amex and purchase an Oura Ring — which tracks dozens of health and wellness metrics while you wear it — at ouraring.com.

While we see straightforward potential value in the Lululemon credit, you might want to do some more homework before taking advantage of the Oura Ring credit. The currently available Oura Ring 4 starts at $349, and Oura also requires a monthly membership for the full suite of metrics. Plus, even if you decide the Oura Ring is right for you, it might be a one-time purchase, unless you lose yours or decide to buy one as a gift.

New mirror design available to all

No matter your thoughts on these new and improved benefits, you’ll still be able to upgrade the look of your American Express Platinum Card®. If you want to change your card to the new mirror-design version, you can order a replacement via your account.

Using the right credit card can earn you valuable rewards on dining out, take-out orders or food delivery purchases. Here are our picks for the best dining rewards credit cards.

Best for everyday cash back: Chase Freedom Unlimited®

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Here’s why: With the Chase Freedom Unlimited®, you get 3% Cash Back rewards on restaurant purchases, including takeout and eligible food delivery services.

You’ll also get 5% back on travel bookings made through Chase Travel℠, 3% cash back at drugstores and 1.5% on all other purchases. The annual fee is $0.

Best for a relaxing night at home: U.S. Bank Altitude® Go Visa Signature® Card

Here’s why: The U.S. Bank Altitude® Go Visa Signature® Card offers four Altitude Rewards points for every $1 spent on takeout and food delivery as well as dining at restaurants on up to $2,000 each quarter (then one point per $1 spent).

Additionally, you’ll earn two points per $1 spent on grocery store purchases, on streaming services and at gas stations and EV charging stations. All other eligible purchases earn one point per $1. Combined with a $15 annual streaming credit, you’ll have the makings for some great nights in. 

The card has an annual fee of $0.

Best for dining credits: American Express® Gold Card

Here’s why: The American Express® Gold Card offers up to $10 in monthly statement credits when you enroll and pay with the card at partners including Grubhub, The Cheesecake Factory and Five Guys. 

You can also earn …

• Up to $7 in monthly statement credits at U.S. Dunkin’ locations (enrollment required)
• Up to $100 in statement credits each calendar year when you dine at U.S. Resy restaurants (enrollment required) 
• Up to $10 in Uber Cash each month, which you can use by selecting your American Express card as the payment method on Uber Eats orders or Uber rides in the U.S.

In addition to the credits, the card offers four Membership Rewards® Points per $1 spent on dining purchases, which includes takeout and delivery services in the U.S. (on up to $50,000 per year, then one point per $1 spent). Purchases outside of bonus categories earn one point per $1 spent.

The card has a $325 annual fee, so consider whether you’ll get more value out of the card than the fee before applying.

See if you have an offer for the American Express® Gold Card on Credit Karma (you must be logged in to see this offer).

Best for DoorDash: Chase Sapphire Reserve®

Here’s why: The Chase Sapphire Reserve® provides a complimentary 12-month DashPass membership when you activate by Dec. 31, 2027, which entitles you to free delivery and reduced service fees on eligible DoorDash orders.

The card also offers three Ultimate Rewards® points for every $1 spent on dining (including takeout and food delivery). After earning the card’s $300 annual travel credit, you’ll get four points per $1 spent on flights and hotels booked direct. All other purchases earn one point per $1.

Before applying, consider whether the card’s benefits outweigh the substantial $795 annual fee.

See if you have an offer for the Chase Sapphire Reserve® on Credit Karma (you must be logged in to see this offer).

Best for Uber Eats: American Express Platinum Card®

Here’s why: The American Express Platinum Card® offers up to $200 in Uber Cash annually, good for Uber rides and Uber Eats orders when you add the card to your Uber account and use it for payment.

As a premium travel card, it also provides access to world-class airport lounges, a $200 airline fee credit (enrollment required) and complimentary elite status at Hilton and Marriott hotels (enrollment required).

With a $895 annual fee, this card may be a good fit if your travel and lifestyle purchases help offset the cost.

See if you have an offer for the Platinum Card® from American Express  on Credit Karma (you must be logged in to see this offer).

The recently enacted One Big Beautiful Bill has significantly updated the tax code, altering the calculus for taxpayers deciding between the standard deduction and itemized deductions on their tax returns.

The new law not only affects traditional itemized expenses but also creates several new tax deductions that can be claimed by both people who take the standard deduction and those who itemize.

The standard deduction is a fixed amount set by the IRS that lowers your taxable income based on your filing status (single, married filing jointly, etc.). Itemized deductions are a list of qualifying expenses — like home mortgage interest and charitable donations — that you can use to reduce your taxable income instead.

While these provisions apply to federal tax returns for individuals, the One Big Beautiful Bill also introduced changes that impact businesses. Deductions for businesses are calculated separately.  

We’ll provide a more detailed overview of both the standard deduction and itemized deductions as we outline how to determine which one might work best for your financial situation.

• Standard deduction vs. itemized deductions: How they work
• How the One Big Beautiful Bill could affect your deductions
• New tax deductions for itemizers and non-itemizers alike

Standard deduction vs. itemized deductions: How they work

To decide between the standard and itemized deduction, start by comparing your total eligible tax write-offs to the standard deduction for your filing status. The option that results in a larger deduction will maximize your tax savings.

Standard deduction

Claiming the standard deduction is easier because you don’t have to keep track of expenses. For taxes on your 2025 income, the standard deduction is …

• $15,750 for taxpayers filing as single or married filing separately
• $23,625 for head of household filers
• $31,500 for taxpayers filing as married filing jointly

Itemized deductions

To itemize your deductions, you’ll likely want to track and document specific expenses throughout the year by saving receipts, bank statements and other records. 

After adding up all of your qualifying expenses, you’ll need to complete and file Schedule A (Form 1040) to see if your total exceeds the standard deduction for your filing status. If it does, itemizing could lead to a lower tax bill.

Itemized deductions that haven’t changed for tax year 2025 include …

• Mortgage interest: You can deduct home mortgage interest on up to $750,000 of that debt.
• Medical expenses: You may deduct out-of-pocket medical and dental expenses that exceed 7.5% of your adjusted gross income.
• Charitable contributions: You can deduct cash and property donations made to qualified charitable organizations, typically up to 60% of your adjusted gross income.

How the One Big Beautiful Bill could affect your deductions

The One Big Beautiful Bill introduces key tax code changes that may affect your decision on whether to take the standard deduction or to itemize.

While the new tax law made many provisions of the 2017 Tax Cuts and Jobs Act permanent, including the larger standard deduction, it also made a number of changes. For example, the new tax law temporarily offers a more generous deduction for state and local taxes.

Increase in the SALT deduction cap

The State and Local Tax (SALT) deduction allows taxpayers who itemize to subtract certain taxes — such as property, income or sales taxes — paid to state and local governments from their federal taxable income.

Since 2018, this deduction has been limited to a combined total of $10,000 ($5,000 if married filing separately).

For tax years 2025 through 2029, the new law …

• Raises the cap to $40,000 for taxpayers with a Modified Adjusted Gross Income (MAGI) under $500,000 ($250,000 for those married filing separately).
• Gradually phases out the cap for taxpayers with a MAGI over $500,000, reducing it by 30% for every dollar their income exceeds the threshold until it reaches the original $10,000 limit.
• Adjusts the cap and income threshold annually by 1% to account for inflation.

New tax deductions for itemizers and non-itemizers alike

The One Big Beautiful Bill introduced several new deductions for tax years 2025 through 2028 that you can claim whether you take the standard deduction or itemize. 

Additional senior deduction

Taxpayers ages 65 and older can claim an additional deduction of $6,000. For married couples filing jointly, the maximum deduction is $12,000 if both people qualify.

Eligibility: This deduction is phased out for single filers with a MAGI over $75,000 and for joint filers with a MAGI over $150,000. 

Tip income

Eligible workers can deduct up to $25,000 in qualified tips. 

Eligibility: The deduction begins to phase out for single filers with a Modified Adjusted Gross Income (MAGI) over $150,000 and for joint filers with a MAGI over $300,000.

Overtime pay

Workers who receive qualified overtime pay can deduct up to $12,500 ($25,000 for joint filers). 

Eligibility: The deduction begins to phase out for single filers with a MAGI over $150,000 and for joint filers with a MAGI over $300,000.

New car loan interest

A deduction of up to $10,000 is available for interest paid on a loan for a new car assembled in the U.S. Used vehicles are not eligible for this new deduction.

Eligibility: This deduction phases out for single filers with a MAGI over $100,000 and for joint filers with a MAGI over $200,000.

Next steps

Deciding whether to itemize or take the standard deduction is often a simple comparison, but the best choice depends on your personal situation.

A good first step is to create a digital or physical folder to collect and organize all of your documents for potential tax write-offs throughout the year.

As you track your deductible expenses, like medical bills or charitable donations, you can compare your running total to the standard deduction amount for your filing status. 

This proactive approach can help you determine which option will lead to the biggest tax savings.A free online tool like TurboTax’s Tax Refund Calculator can also help you run the numbers to estimate your tax refund or what you may owe.

On July 4, 2025, the legislation known as the “One Big Beautiful Bill” was signed into law. The new tax laws are as much about old tax laws as they are about new ones.

The law permanently extends tax cuts from the Tax Cuts and Jobs Act of 2017 and temporarily increases the cap on the amount of state and local or sales tax and property tax (SALT) that you can deduct. For certain workers, a temporary change provides a tax deduction for qualified tips and qualified overtime income.

• One Big Beautiful Bill — 2025 tax law changes
• Other 2025 tax law changes
• One Big Beautiful Bill tax law changes for your 2026 (and on) tax returns

One Big Beautiful Bill — 2025 tax law changes

Most of the changes in the One Big Beautiful Bill take effect on Jan. 1, 2026, but some are retroactive and could impact your 2025 tax returns that you file in 2026. 

Many of the changes have certain requirements such as adjusted gross income limits, and some are temporary, only lasting for a few years. Changes that might affect the most common 2025 tax returns include:

• No tax on tips — Deduction of up to $25,000 per taxpayer with phaseout for modified adjusted gross income (MAGI) over $150,000 (over $300,000 for married filing jointly filers)
• No tax on overtime — Deduction of up to $12,500 per taxpayer with phaseout for MAGI over $150,000 (over $300,000 for married filing jointly filers)
• Increased child tax credit — Increased from $2,000 to $2,200 for qualified taxpayers
• Additional senior deduction (2025 through 2028) — Additional $6,000 deduction for taxpayers 65 and older with phaseout for MAGI over $75,000 (over $150,000 for married filing jointly filers)
• Partially refundable adoption credit — Up to $5,000 (adjusted for inflation) refundable
• Increased state and local tax (SALT) itemized deduction — Increased to $40,000 (adjusted annually) for 2026 through 2029
• Deduction for interest payments on certain vehicles — Up to $10,000 deduction with phaseout for MAGI over $100,000 (over $200,000 for married filing jointly filers)
• Trump savings accounts for children — A form of an IRA retirement account with a $1,000 tax credit when opened for a child born between Jan. 1, 2025, and Dec. 31, 2028. Additional contributions are also allowed with distributions beginning after the beneficiary turns 18.
• End of the electric vehicle credit as of Sept. 30, 2025
• Increase in the standard deduction — Increases the 2025 standard deduction to $15,750 for single, $23,625 for head of household and $31,500 for married filing jointly filers. These amounts will increase with inflation each year.

Additional items included in the bill mostly having an impact on businesses include:

• Restoration of 100% bonus depreciation
• Restoration of expensing of certain R&D costs
• Business interest deductions moving back to the EBITDA standard
• 100% expensing for certain manufacturing structures (temporary)
• Increased Section 179 limits
• 1099-K issuance threshold increase

Other 2025 tax law changes

Inflation adjustments to deductions and brackets

Income tax brackets, eligibility for certain tax deductions and credits, and the standard deduction will all adjust to reflect inflation.

Tax brackets will also be adjusted for inflation with each bracket increasing its range of income. For example, the top end of the 10% tax bracket for a single filer will increase from $11,600 for 2024 to $11,925 for 2025. The 37% rate starts at $609,350 for a single filer in 2024 but doesn’t start until $626,350 for 2025.

Deductions and credits phaseout adjustments

In line with the adjustments for inflation, many tax deductions and tax credits will have their phaseouts adjusted to account for these changes. Some phaseout changes to note are:

• Earned Income Tax Credit — The maximum credit for filing jointly as a married couple and claiming three or more qualifying dependents amounts to $8,046 in 2025, with the credit completely phased out at $68,675 of adjusted gross income (AGI). If you are a single filer with no dependents, you can receive a maximum credit of $649 with your phaseout beginning at $19,104 of AGI.
• The Alternative Minimum Tax — Higher exemptions and income phaseouts will occur in 2025. See below for more details.
• IRA contributions — Contribution amounts remain the same in 2025, but phase-out levels for taking deductions for these contributions increase as follows:
  • For active participants in employer retirement plans, phaseout for making individual retirement account (IRA) contributions will occur at AGIs between $79,000 and $89,000 for single and head of household filers, $126,000 and $146,000 for joint returns.
  • For those married filing jointly, with IRAs who do not actively participate in another plan, but their spouse does, phaseout will now range from $236,000 to $246,000.
  • For those filing as married filing separately, the phase-out range is not subject to an annual cost-of-living adjustment and remains between $0 to $10,000.
  • Phaseouts do not apply if neither the taxpayer nor the spouse has a workplace retirement plan.

What’s new with the Alternative Minimum Tax (AMT) adjustments

Because the AMT’s exemptions did not automatically update for inflation, an increasing number of middle-income taxpayers got hit with the AMT until a permanent, annual update got put in place starting in 2013. Now, the AMT exemption amount automatically adjusts with inflation, allowing many taxpayers to avoid the tax.

In 2025, these amounts will change to $88,100 with phaseout beginning at $626,350 ($137,000 for married couples filing jointly with a phaseout beginning at $1,252,700).

Planning ahead: How to prepare for 2025-2026 taxes

With these tax changes in 2025, you can take advantage by planning now. Don’t let opportunities like contributing more toward your retirement plan or participating in a health savings account pass you by. Contributing to these accounts can save you money for needs you have down the road and lower your tax bill today, no matter what 2026 brings.

One Big Beautiful Bill tax law Changes for your 2026 (and on) tax returns

As the TCJA changes were set to expire at the beginning of 2026, the 2025 One Big Beautiful Bill makes many of these once-temporary changes permanent. Much of what takes effect beginning in 2026 is in essence a permanent continuation of the Tax Cut and Jobs Act of 2017.

While there are a handful of changes that are retroactive into 2025, the majority of the changes in the One Big Beautiful Bill take effect on Jan. 1, 2026. Similar to some 2025 changes, many of those that begin in 2026 have certain requirements such as adjusted gross income limits, and not all are permanent — with some only lasting a few years.

In addition to the tax-year 2025 retroactive items above, 2026 and on tax changes include many permanent ones including:

• Elimination of personal and dependent exemptions
• Increased standard deductions
• Current tax brackets
• Increased child tax credit
• $750,000 deductible personal mortgage limit
• Limitation on personal casualty losses, miscellaneous itemized deductions and moving expense deduction for most taxpayers
• Increased AMT exemption 
• Increase of estate tax exemption
• Deduction for qualified business income at 20%

Unless otherwise noted, all of the retroactive business-related identified items above that begin in 2025 carry into 2026 and on.

This article was adapted from TurboTax.

The Bank of America® Customized Cash Rewards credit card offers flexibility to maximize your cash back earnings, but you’ll need to understand its key features to truly make it work for you.

As a new cardholder, you can immediately take advantage of high cash back rates in your first year. Beyond that initial boost, knowing how to use its adaptable reward structure is key to continuously optimizing your benefits.

1. Select your 6% cash back category
2. Keep an eye on quarterly earning caps 
3. Earn your welcome bonus
4. Choose how to get your cash back
5. Understand your 0% intro APR offer
6. Explore Preferred Rewards for even more cash back

1. Select your 6% cash back category

Choosing your top category early with the Bank of America® Customized Cash Rewards credit card can be the difference when it comes to maximizing your rewards. 

As a new cardholder, you’ll earn 6% cash back in your chosen category for your first year from account opening. Officially, that’s 3% cash back plus an additional 3% first-year cash back bonus in the category of your choice. After your first year, you’ll earn 3% cash back in your chosen category and 1% on other purchases. Keep in mind that you’ll receive the boosted cash back rate in your chosen category and 2% cash back at grocery stores and wholesale clubs on up to $2,500 in combined purchases each quarter, then 1% on all purchases.

You can select from the following categories for this higher cash back rate:

• Gas and EV charging stations (default)
• Online shopping
• Dining
• Travel
• Drugstores
• Home improvement and furnishings

No matter your initial pick, you can change your bonus category once each calendar month through your Bank of America Online Banking or Mobile Banking app.

2. Keep an eye on quarterly earning caps

While the bonus cash back on your chosen category is a nice perk, there’s a limit to how much you can earn at the higher rate.

Your earnings on both that bonus category and the 2% cash back you earn at grocery stores and wholesale clubs are capped at $2,500 in combined purchases each quarter. After that, you earn 1% — the same rate as on all other purchases.

Even if you don’t hit the cap, it’s good to be mindful of your spending to maximize rewards. If you have another card that earns rewards in those categories, it might be worth using once you reach your limit.

3. Earn your welcome bonus

New cardholders can earn a $200 online cash rewards bonus after making at least $1,000 in purchases within the first 90 days of account opening. That’s a substantially higher rewards rate than what you can earn in your 6% bonus category each quarter.

4. Choose how to get your cash back

Once you start earning and accumulating cash back, you have a few redemption options.

• Statement credit — Apply your cash back directly to your credit card balance.
• Direct deposit — Have your cash back deposited into a Bank of America checking or savings account.
• Pay for purchases — Use your cash back to pay for eligible purchases when you shop at Amazon or check out with PayPal.
• Credit to an eligible Merrill account — If you have an investment account with Merrill, you can deposit your cash back there.

The deposit options have the potential to be especially convenient — you can set up automatic redemptions (minimum $25) to have your cash back applied as a deposit into an eligible Bank of America or Merrill account.

5. Understand your 0% intro APR offer

Your Bank of America® Customized Cash Rewards credit card comes with a 0% introductory APR for your first 15 billing cycles for purchases, and for qualifying balance transfers made within the first 60 days of account opening. Here’s what to know.

• Balance transfer fee: There’s an intro balance transfer fee of 3% for 60 days from account opening, then 4% for future balance transfers.
• Variable APR after intro period: After the intro 0% APR offer ends, a variable APR of 17.99% - 27.99% will apply to both purchases and balance transfers.

You can use the introductory APR strategically to save on interest, but it’s crucial to have a plan to pay off your balance before the promotional period expires to avoid interest charges.

6. Explore Preferred Rewards for even more cash back

If you’re an existing Bank of America member with significant assets, you might be eligible for the Bank of America Preferred Rewards® program. This program offers an even higher cash back bonus on your Bank of America® Customized Cash Rewards credit card, ranging from 25% to 75% more cash back, depending on your tier.

Even the lowest thresholds for Preferred Rewards requires a three-month average daily balance of $20,000, but it’s worth investigating if you qualify. It could significantly boost your card’s rewards-earning potential.

Next steps

The perks we’ve highlighted in this guide are designed to help you maximize your card’s value, especially in your first year. As your financial journey continues, though, you may want to consider other Bank of America credit cards to fill any gaps you may have. For example, you might be able to optimize your travel rewards with a card that earns points that can be redeemed for flights and hotel stays.

Chase Sapphire Reserve® is undergoing major changes starting on Oct. 26, 2025, and you’ll need to know all the details to decide if it’s still the right card for your wallet.

We’ve looked at the fine print and provided key tips and insights to help you assess the new features and how they fit together.

Key takeaway: With a host of new features and a higher $795 annual fee, Chase Sapphire Reserve® now requires cardholders to put in more effort to get value for their money. Committed users will be able to find plenty of value to justify the cost, but it might mean sacrificing flexibility and moving most (or all) your spending onto the card.

1. It’s more work to figure out how you’ll cover the annual fee.

For years, Chase Sapphire Reserve® has been a stand-out credit card thanks to its excellent combination of valuable benefits and clear value for your money. Chase’s revamp of this top-tier travel card has changed that profile in a major way.

Simply put, it’s now more difficult to understand how to get full value for the $795 annual fee, up from the previous $550. While Chase has added several new valuable card features, they require more consideration to use effectively.

At the same time, not everyone will have to put in that extra work just yet. If your 2025 cardholder anniversary occurred before October 26, you won’t be charged the new annual fee until your anniversary comes up again in 2026. If you’re part of this group, you’ll have a bit more time to consider how you plan to use the updated Chase Sapphire Reserve®.

2. The $300 travel credit is still the best way to find value.

Thankfully, the card’s signature perk hasn’t changed. Chase Sapphire Reserve® still offers the annual $300 travel credit that applies to a wide variety of travel purchases, so you’ll continue to receive this clear value without having to think too hard about how you’re using your card.

Chase Sapphire Reserve® also continues to offer varied airport lounge access via a complimentary Priority Pass™ Select membership (and the growing list of Chase Sapphire Lounge by The Club locations). And you’ll still get an application fee credit of up to $120 every four years for Global Entry, TSA PreCheck or NEXUS.

3. New credits offer lots of potential, but you’ll need to know how they work to benefit fully.

Chase values the card’s “lifestyle” benefits at more than $1,500. And there’s no denying the Chase Sapphire Reserve® now offers considerably more potential from spending credits — unfortunately, most of these perks are tied to purchases with specific brands and businesses, and they might not all carry equal appeal for you.

Cardholders who don’t plan to use these credits might be leaving value on the table though. This guide can help you take advantage.

Exclusive Tables dining credit: Up to $300 annual value

Chase Sapphire Reserve® now boasts a combined $300 in statement credits for dining at restaurants included in the Sapphire Reserve Exclusive Tables program. You’ll get up to $150 in statement credits to cover eligible purchases from January through June, and another chance at up to $150 to cover July through December, with no carryover between the two periods.

Chase has partnered with OpenTable for this benefit, but, confusingly, you don’t need to book a reservation through OpenTable to take advantage. The credit applies on eligible purchases at participating restaurants, regardless of how you got your table.

If you live in one of the cities with eligible restaurants, the dining credit is attractive. But for cardholders living outside one of the program cities, you can still take advantage by searching out one of these restaurants when traveling. (Available restaurants are listed on OpenTable’s website.)

Apple TV+ and Apple Music subscriptions: $250 annual value

Cardholders receive complimentary subscriptions to both Apple TV+ and Apple Music (through June 22, 2027), when activated via Chase’s website or mobile app. These subscriptions are valued at a combined $250 annually.

If you already pay for these two subscriptions, that’s a meaningful cost now covered by your card. If you don’t currently subscribe, it won’t cost you anything to add them, and it might even allow you to save by canceling another streaming service.

DoorDash credits and benefits: Up to $420 annual value

DoorDash users will still benefit considerably from the Chase Sapphire Reserve®. When you use your card as default payment for a DashPass membership, you’ll get …

• A complimentary DashPass membership for a minimum of 12 months (when activated prior to the end of 2027). That membership is valued at $120 for 12 months.
• $5 per month in credits on DoorDash restaurant orders, for as long as you have your DashPass membership through your card. Credits don’t carry over from month to month, but that’s still a $60 annual value if you always use the credit.
• $10 in credits on two DoorDash non-restaurant orders per month, for as long as you have your DashPass membership through your card. This credit can be applied to orders from convenience stores and grocery stores and adds up to $240 in value annually if you always use the credit.

Keep in mind that these credits are likely to be most valuable if you already use DoorDash regularly.

Lyft credits: Up to $120 annual value

You’ll get up to $10 a month toward in-app credits for Lyft rides when you use your card as your payment method (available through September 2027). That’s an annual value of $120 for everyone who uses this benefit every month. And you’ll also get five points per $1 on qualifying Lyft rides (through September 2027) for extra value.

StubHub credits: Up to $300 annual value

Cardholders now receive a combined $300 in statement credits annually for purchases made with StubHub and viagogo through 2027. You’ll get up to $150 in credits to cover January through June and up to $150 for July through December. This credit requires a one-time activation via your Chase account, too.

The value of these credits depends heavily on your personal habits. If you regularly buy event tickets via StubHub, you’re likely to know how much value you’ll get from the credit every six months. If you don’t use it, you’ll need to assess several factors — your willingness to buy tickets this way every six months, the likelihood there will be an available event you want to attend, the cost of tickets relative to the amount of the credit, etc.

Peloton membership credits: $120 annual value

You card now offers a monthly $10 credit for purchases of Peloton memberships (with one-time activation via your Chase account). However, that $10 won’t cover the full cost of a monthly membership in most cases.

The usefulness of this credit is easy to judge — if you already use Peloton for workouts or plan to in the future, it will be good value. If you weren’t interested in Peloton, you’ll need to decide if you want to use Peloton or purchase any of their equipment to do so. If you do, you can also take advantage of the new rewards rate: on a minimum purchase of $150, you’ll get 10 points per $1 (on up to $5,000 in total purchases, then 1 point after) when purchasing Peloton equipment and accessories through 2027.

4. You’ll gain more from booking travel with Chase, but you’ll give up flexibility.

The card’s refreshed rewards rates make it clear why it pays to book with Chase Travel.

• 8 points per $1 on on all Chase Travel purchases (after earning your $300 travel credit)
• 4 points per $1 on flights and hotels booked direct (after earning your $300 travel credit)
• 3 points per $1 on dining (including eligible delivery services, takeout and dining out)
• 1 point per $1 on all other purchases

The standout here is that you’re getting twice as many points for booking flights and hotels with Chase Travel compared to directly with airlines and hotels.

When you book hotel stays with Chase, it might be smart to start with properties included in Chase’s The Edit collection. Chase Travel offers up to $250 in statement credits twice per year (one from January through June and again from July through December) on prepaid bookings made with The Edit hotels and resorts (for a minimum of two nights).

The Edit bookings also come with a $100 property credit that includes dining, spa treatments and other on-site activities. Not every bookable hotel is included in The Edit, but these credits could help you decide between options when you see them pop up in your search.

You’ll get additional value when you book with IHG hotels, too. Your card membership comes with complimentary IHG One Rewards Platinum Elite status through 2027 (with enrollment in the IHG One program and account-linking via Chase). This status comes with numerous benefits, including complimentary room upgrades (when available) and a welcome amenity at check-in.

While these perks can be valuable, you’ll need to decide if it’s worth sacrificing flexibility to get them. If you always book with Chase, seek out The Edit locations, and stay loyal to IHG, you’re limiting your options and allowing your card perks to decide your behavior. That’s not necessarily a bad idea, but it’s a choice you’ll want to make with eyes open.

5. The 50% travel redemption bonus is gone, but you can still get extra value for your points.

Chase Sapphire Reserve® stood out from many other premium travel cards by offering a 50% boost to points redeemed through the Chase Travel portal. Unfortunately, that standard bonus rate is now gone, and any points you earn starting October 26 will now be worth 1 cent each when redeemed for travel with Chase. (Points earned before October 26 will still be redeemable at 1.5 cents each until Oct. 26, 2027.)

To compensate for this removed feature, Chase has introduced Points Boost, which allows Chase Sapphire Reserve® cardholders to redeem for select flights and hotel stays at a value of up to 2 cents each. At launch, those higher-value bookings are available from a selection of Chase travel partners, and the value fluctuates depending on what kind of booking you make. In other words, Points Boost is a potentially valuable but unpredictable feature.

If you’re looking for more control over the value of your points, it might be worth considering transferring your points to one of Chase’s travel partners. While the value you get with these partners won’t be consistent, you’ll gain lots of flexibility and the ability to seek out especially good value for your points. It takes a little more effort, but it can pay off in the long run.

6. Spending $75,000 in a year unlocks a new level of benefits, but it takes commitment.

Cardholders who spend at least $75,000 a year on the Chase Sapphire Reserve® stand to unlock a new level of perks for the remainder of that calendar year and the following calendar year:

• $500 credit for Southwest Airlines bookings on Chase Travel
• Southwest Airlines Rapid Rewards A-List status
• IHG One Rewards Diamond Elite status (one level above the Platinum Elite status available to all cardholders)
• $250 in statement credits for purchases at The Shops at Chase (an e-commerce platform)

Realistically, you might need to shift all your credit card activity to your Chase Sapphire Reserve® to hit the $75,000 requirement and see the benefits. And in that case, you’d be giving up benefits from other cards in your wallet that might not be available from this card. You’ll need to decide if that’s worth the tradeoff.

Best for most grocery shopping: Blue Cash Preferred® Card from American Express

Here’s why: The Blue Cash Preferred® Card from American Express offers an outstanding 6% cash back on up to $6,000 you spend each year on eligible purchases at U.S. supermarkets, then 1%.

You’ll also get 6% cash back on select U.S. streaming services, 3% cash back at eligible U.S. gas stations and on transit, and 1% cash back on all other purchases.

The card has a $0 intro annual fee for the first year, then $95.

Best for Whole Foods and Amazon shoppers: Amazon Prime Visa

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Here’s why: The Amazon Prime Visa offers an unlimited 5% cash back at Amazon.com, Amazon Fresh and Whole Foods Market for Amazon Prime members.

The card, which has a $0 annual fee, also offers 5% back on purchases made through Chase Travel, 2% back at restaurants, gas stations and on local transit and commuting, and 1% back on everything else.

Best for no annual fee: Blue Cash Everyday® Card from American Express

Here’s why: The Blue Cash Everyday® Card from American Express can help you save money on groceries without paying an annual fee.  

You’ll earn 3% cash back on up to $6,000 each year in eligible purchases at U.S. supermarkets, then 1%. 

The card also offers 3% back at U.S. gas stations on up to $6,000 in eligible purchases a year (then 1%), 3% back at U.S. online retailers on up to $6,000 in eligible purchases a year (then 1%) and 1% cash back on everything else.

Best for students: Bank of America® Customized Cash Rewards credit card for Students

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Bank of America® Customized Cash Rewards credit card for Students

Bank of America® Customized Cash Rewards credit card for Students

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Here’s why: The Bank of America® Customized Cash Rewards credit card for Students offers an automatic 2% cash back at grocery stores and wholesale clubs.

You’ll also earn 3% cash back in a category that you choose each month. You’ll get the 2% and 3% bonus rates on your first $2,500 in combined quarterly spending, then 1%. You’ll get an unlimited 1% cash back on all other purchases.

The available 3% categories include gas, online shopping, dining, travel and drug stores.

This card comes with a $0 annual fee.

Best for using grocery rewards on travel: American Express® Gold Card

Here’s why: The American Express® Gold Card can help you maximize your rewards on food-related purchases, including groceries.  

You’ll earn four Membership Rewards® points per $1 spent at U.S. supermarkets on up to $25,000 per year (then one point) and four points per $1 at restaurants worldwide, including takeout and delivery in the U.S., on up to $50,000 per year (then one point).

You’ll also get three points for every $1 spent on flights booked directly with the airline or through amextravel.com and two points for every $1 on prepaid hotels booked through amextravel.com. All other purchases earn one point for every $1 spent. 

The card has an annual fee of $325, so make sure you’ll get enough value from everything this card has to offer before applying.

Best for Target groceries: Target Circle™️ Card

Here’s why: The Target Circle™ Card offers a 5% discount on most in-store purchases, including groceries. This hefty discount also applies to online orders, deliveries and pickups.

You can combine the card’s 5% discount with rewards offered by Target Circle, the retailer’s free loyalty program that offers access to deals that will be automatically applied at checkout.

The Target Circle™ Card has no annual fee.

Best for Costco members: Costco Anywhere Visa® Card by Citi

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Costco Anywhere Visa® Card by Citi

Costco Anywhere Visa® Card by Citi

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Here’s why: You can save money on bulk grocery purchases with the Costco Anywhere Visa® Card by Citi.

The $0-annual-fee card offers 2% cash back on Costco purchases, including groceries. 

You’ll also get 5% cash back on gas at Costco gas stations and 4% back on gas and EV charging at other gas stations on up to $7,000 in combined spending a year, then 1% back. Additionally, the card offers 3% cash back on restaurants and eligible travel purchases.

Looking to save money at the pump? Gas credit cards can help you earn rewards or cash back every time you fill up. Here are our top picks.

Best for gas rewards with no annual fee: Bank of America® Customized Cash Rewards credit card

Here’s why: The Bank of America® Customized Cash Rewards credit card allows you to choose what category you get 3% cash back on each month. Eligible categories include gas, online shopping, dining, travel, drugstores and home improvement. You’ll get:

• 3% cash back on purchases in the category of your choice
• 2% on grocery store and wholesale club purchases 
• 1% on all other purchases 

It’s important to note that the 3% and 2% cash back categories are capped at a total of $2,500 in combined purchases each quarter. After you spend $2,500, you’ll get 1% cash back on all additional purchases. During your first year with the card, you’ll get a bonus 3% cash back on top of the existing 3% cash back category that you’ve chosen, for a total of 6% (the $2,500 spending cap applies to this bonus as well). The card charges a $0 annual fee.

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Bank of America® Customized Cash Rewards credit card

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Best for rewards variety: Wells Fargo Autograph® Card

Here’s why: The Wells Fargo Autograph® Card offers 3 points for every $1 you spend in several useful bonus categories, including at gas stations and electric vehicle charging stations. 

In addition to fuel, you’ll also earn 3 points per $1 spent on restaurants, travel, transit, popular streaming services and phone plans. All other purchases earn 1 point per $1. There’s a $0 annual fee to help maximize your rewards value.

See if you have an offer for the Wells Fargo Autograph® Card on Credit Karma.

Best for gas and groceries: Blue Cash Preferred® Card from American Express

Here’s why: The Blue Cash Preferred® Card from American Express could save you at the pump — and when you’re checking out at the grocery store. You’ll earn:

• 3% cash back on eligible U.S. gas station purchases and on transit (including rideshare, parking, tolls, trains, buses and more). 
• 6% cash back on up to $6,000 in eligible purchases each year at U.S. supermarkets
• 6% cash back on select U.S. streaming subscriptions. 
• 1% cash back on all other purchases. 

The Blue Cash Preferred® Card from American Express has a $0 intro annual fee for the first year, then $95.

See if you have an offer for the Blue Cash Preferred® Card from American Express on Credit Karma (you must be logged in to see this offer).

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Citi Custom Cash® Card

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Best for road trips: Hilton Honors American Express Surpass® Card

Here’s why: The Hilton Honors American Express Surpass® Card is great for road trips. When you fill up, you’ll earn 6 points for every $1 you spend at U.S. gas stations. For overnight stays, find a Hilton hotel — you’ll earn 12 points per $1 spent on purchases there. 

Purchases outside of bonus categories earn 3 points per $1 spent. You can use the points you earn to help pay for future Hilton stays. This card has an annual fee: $150. So consider whether you’ll get enough value from the card before applying.

See if you have an offer for the Hilton Honors American Express Surpass® Card on Credit Karma (you must be logged in to see this offer).

Best for Costco members: Costco Anywhere Visa® Card by Citi

Here’s why: The Costco Anywhere Visa® Card by Citi offers great value for Costco members. You get:

• 5% cash back on gas at Costco 
• 4% cash back on other eligible gas and electric vehicle charging purchases
• 3% cash back at restaurants
• 3% cash back on eligible travel purchases
• 2% back on all other purchases from Costco and costco.com
• 1% on everything else

It’s important to note that cash back on gas and EV charging purchases is capped at $7,000 per year (after which you earn 1%). There’s a $0 annual fee for the card.

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Costco Anywhere Visa® Card by Citi

Costco Anywhere Visa® Card by Citi

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Best for Sam’s Club members: Sam’s Club® Mastercard®

Here’s why: When you pay with your Sam’s Club® Mastercard®, you’ll earn 5% cash back on gas at many gas stations across the U.S. This applies to both Sam’s Club and non-Sam’s Club locations, and is limited to the first $6,000 you spend on gas each year (1% after). There’s no annual fee for the card, but you must be a Sam’s Club member to get it.

Best for free nights: World Of Hyatt Credit Card

Here’s why: The World Of Hyatt Credit Card stands out for its complimentary free night award delivered each year on your cardmember anniversary. This benefit is typically sufficient to offset the card’s $95 annual fee, and, if you spend $15,000 on the card in a calendar year, you’ll receive a second free night. 

You’ll earn up to 9 total points per $1 spent at Hyatt hotels (4x from the card, plus up to 5x as a World of Hyatt member). Cardholders also get automatic Discoverist status in the World of Hyatt program, which comes with perks like preferred room upgrades, late checkout and premium internet access.

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Best for hotel variety: Chase Sapphire Reserve®

Here’s why: The Chase Sapphire Reserve® features a $300 annual travel credit that’s flexible enough for use at any hotel. And once this travel credit is fully used, cardholders can earn four Ultimate Rewards® points per $1 spent on hotels when booked direct.

If you’re taking a flight to your hotel destination, the Chase Sapphire Reserve® card offers a complimentary Priority Pass™ Select membership, giving you access to more than 1,300 airport lounges worldwide. The card comes with a $795 annual fee, so make sure you’ll get enough value from the benefits and perks to make the card worth it.

Best for no annual fee: Hilton Honors American Express Card

Here’s why: The Hilton Honors American Express Card can help maximize Hilton benefits with a $0 annual fee. Cardholders earn 7 Hilton Honors Bonus Points per $1 spent directly at Hilton hotels and resorts. 

The card also grants complimentary Hilton Honors Silver status, which includes a 20% bonus on base points earned during Hilton stay. As an added bonus, you’ll get a fifth night free on standard room reward stays of five nights or more.

Best for rewards points: Hilton Honors American Express Surpass® Card

Here’s why: The Hilton Honors American Express Surpass® Card helps you earn a large number of Hilton Honors points quickly, making it easier to work toward free nights at Hilton properties. Cardholders earn 12 Hilton Honors Bonus Points per $1 spent directly with Hilton hotels and resorts. 

Complimentary Hilton Honors Gold status is included, offering benefits like free breakfast, room upgrades and an 80% bonus on base points earned during Hilton stays. The Hilton Honors American Express Surpass® Card has an annual fee: $150

Best for a more comfortable stay: Hilton Honors American Express Aspire Card

Here’s why: The Hilton Honors American Express Aspire Card is built for dedicated Hilton loyalists seeking a premium experience. You’ll get to use various travel credits annually to help offset travel expenses: 

• $400 in Hilton resort credits (split as $200 in statement credits January through June and $200 in statement credits July through December)
• $200 in flight credits ($50 in statement credits per calendar quarter)
• $100 in property credits at participating Waldorf Astoria® Hotels & Resorts and Conrad® Hotels & Resorts 

To top it off, the card offers a free night reward redeemable at Hilton properties and automatic Diamond status — Hilton’s highest elite tier. All these perks come at a price: The card has a $550 annual fee.

Best for elite status: American Express Platinum Card®

Here’s why: The American Express Platinum Card® provides complimentary elite status at both Hilton and Marriott hotels, an exclusive perk that requires enrollment to activate.

Travelers get access to the Global Lounge Collection®, which provides entry to more than 1,400 airport lounges across 140 countries. The American Express Platinum Card® card also provides various statement credits for travel, entertainment and shopping (enrollment required), which can help offset the hefty $895 annual fee.

Best for road trips: Wyndham Rewards® Earner℠ Card

Here’s why: The Wyndham Rewards® Earner℠ Card is an ideal companion for road trippers. It offers 5 points per $1 spent at Wyndham hotels and on qualifying gas purchases, a strong earning rate for both filling up at the pump and finding a comfortable place to rest after a long day of driving.

With a $0 annual fee, there’s no cost limiting your rewards. The Wyndham Rewards® Earner℠ Card also gives you automatic Wyndham Rewards Gold membership status, which comes with perks like late checkout and preferred room selection (subject to availability).

Best for business trips: Marriott Bonvoy Business® American Express® Card

Here’s why: The Marriott Bonvoy Business® American Express® Card offers great value for business travelers. You’ll earn 6 points per $1 spent on Marriott stays, 4 points per $1 spent on global dining and 2 points per $1 on all other purchases. The card includes automatic Marriott Bonvoy Gold Elite status (with perks like late checkout and room upgrades) and an annual free night award. 

The card also comes with a welcome offer of up to 125,000 Marriott Bonvoy® points, earning 75,000 points after spending $6,000 on eligible purchases in the first 6 months of account opening, plus an extra 50,000 points after spending an additional $3,000 on eligible purchases within the first 6 months. There’s also and a 7% discount on paid stays when you book directly with Marriott. This card comes with a $125 annual fee.

Best for simple cash back: Citi Double Cash® Card — $500 minimum limit

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Citi Double Cash® Card

Citi Double Cash® Card

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Here’s why:  The Citi Double Cash® Card has a minimum credit limit of $500, but you may be able to get a significantly higher limit based on factors like your income and payment history.

Regardless of your approved limit, the $0-annual-fee card offers straightforward and valuable rewards: 2% cash back on all purchases — 1% when you use the card and another 1% when you pay your bill.

Best for bonus cash back: Chase Freedom Unlimited® — $500 minimum limit

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Here’s why: The Chase Freedom Unlimited® has a $500 minimum credit limit, but the limit is at least $5,000 if you’re approved for the Visa Signature® version of the card.

The card offers 5% back on travel booked through Chase Travel℠, 3% back on dining at restaurants and drugstore purchases, and 1.5% on all other purchases.

The Chase Freedom Unlimited® has a $0 annual fee. 

Best for premium travel: Chase Sapphire Reserve® — $10,000 minimum limit

Here’s why: The Chase Sapphire Reserve® comes with a high minimum credit limit of $10,000, plus tons of valuable perks.  

With a large sign-up bonus and elevated rewards on travel and dining, this card is ideal for frequent travelers. Benefits include a $300 annual travel credit and airport lounge access.

With an annual fee of $795, you’ll want to make sure you can take advantage of this card’s suite of perks before you apply.

Best for entry-level travel: Chase Sapphire Preferred® Card — $5,000 minimum limit

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Chase Sapphire Preferred® Card

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Here’s why:  Along with impressive rewards, the Chase Sapphire Preferred® Card has a $5,000 minimum credit line. 

This card comes with a big welcome bonus, a generous rewards program, annual credits and anniversary bonus points.

The Chase Sapphire Preferred® Card has an annual fee of $95.

Best for rebuilding credit: U.S. Bank Cash+® Secured Visa® Card — $300 to $5,000 limit

Here’s why: With the U.S. Bank Cash+® Secured Visa® Card, you can earn up to 5% cash back on purchases while building or rebuilding your credit.

To open the card, you’ll need to make a refundable deposit between $300 and $5,000 to a U.S. Bank secured savings account. You’ll then get a credit line equal to your deposit.

With enrollment each quarter, you’ll get up to 5% cash back on purchases in eligible categories that you choose.

This card has a $0 annual fee.

Best for students: Discover it® Student Cash Back — $500 minimum limit

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Here’s why: Students who qualify for the Discover it® Student Cash Back can get a minimum credit limit of $500 — more than enough to start building a positive credit history. 

The card offers 5% back on up to $1,500 spent on purchases (then 1%) in quarterly rotating categories that must be activated. All other purchases earn 1% back.

The card charges a $0 annual fee.

A balance transfer card can consolidate multiple debts into one payment, potentially accelerating your debt payoff and reducing the amount of interest you pay. Our guide to the best balance transfer cards can help you find one that matches your financial goals.

Best for people who might forget to pay back in time: Citi Simplicity® Card

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Citi Simplicity® Card

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Here’s why: The Citi Simplicity® Card has an 0% introductory APR for 21 months on balance transfers and for the first 12 months on purchases from date of account opening (you may see different offers on Credit Karma), plus no late fees or penalty APR for late payments.

To get the promotional rate, you’ll need to complete any balance transfers within four months of opening your account. The card has a balance transfer fee: Intro fee 3% of each transfer ($5 minimum) completed within the first 4 months of account opening. After that, 5% of each transfer ($5 minimum).

After the intro periods, you’ll be charged a variable APR of 17.99% - 28.74% for purchases and balance transfers.

Best for a long 0% intro APR: Wells Fargo Reflect® Card

Here’s why: The Wells Fargo Reflect® Card offers a lengthy intro APR period — 21 months from account opening — for balance transfers and purchases.

The 0% intro APR applies to purchases as well as balance transfers made within 120 days from the day you open your account. Once the intro period ends, the card’s ongoing APR for both balance transfers and purchases jumps to a variable 17.99%, 24.49%, 28.74%.

The balance transfer fee is 5% (minimum $5) of the total balance transferred.

Best for a long 0% intro APR: BankAmericard® credit card

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BankAmericard® credit card

BankAmericard® credit card

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Here’s why: The BankAmericard® credit card gives you a 0% introductory APR for 18 billing cycles for purchases as well as for balance transfers made in the first 60 days after opening your account.

Both APRs then rise to a variable 15.49% to 25.49%. The card charges a balance transfer fee: 3% of the amount of each transaction during the first 60 days. After that, the fee is 4%.

Best for time to transfer your balances: Citi® Diamond Preferred® Card

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Citi® Diamond Preferred® Card

Citi® Diamond Preferred® Card

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Here’s why: With the Citi® Diamond Preferred® Card, you’ll have four months from account opening to complete any balance transfers to get the 0% intro APR for 21 months.

The card has a balance transfer fee of 5% (minimum $5) of each transfer. After the intro period, the variable APR will be 16.99% - 27.74%.  

You’ll also get a 0% intro APR on purchases for the first 12 months from account opening. After that, the variable APR is 16.99% - 27.74%.

Best for simple cash back: Citi Double Cash® Card

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Citi Double Cash® Card

Citi Double Cash® Card

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Here’s why: For straightforward cash back along with a solid intro APR offer on balance transfers, the Citi Double Cash® Card is worth considering.

You’ll get a 0% intro APR for 18 months from the date of account opening on balance transfers completed within four months of opening your account. After the intro period, the variable APR will be 17.99% - 27.99%. The card has a balance transfer fee: Intro fee 3% of each transfer ($5 minimum) completed within the first 4 months of account opening. After that, 5% of each transfer ($5 minimum).

The Citi Double Cash® Card also offers a flat 2% cash back on every purchase you make — 1% back when you make the purchase and then another 1% back when you pay it off.