Credit Card Deals for People with Excellent Credit
7 Credit Cards You Should Not Ignore If You Have Great Credit
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If you have excellent credit, now is the time to take advantage of it.
Credit card companies are competing for those with excellent credit. In fact, they have impressive offers specifically for people with great credit scores.
What does this mean for you? You have your pick among benefits such as cashback and travel rewards, 0% intro APRs, no-fee balance transfers, and other perks.
If you're smart (which presumably you are, if you've managed to handle your credit responsibly thus far), you can get money-saving rewards and benefits with a new card.
Read on for 7 brilliant credit cards only for those with excellent credit.
Credit Cards to Consider If You Have Excellent Credit
To those with great credit, these credit card deals are just for you.
Hot Deal: Earn 50,000 Bonus Points
Chase Sapphire Preferred offers one of the largest sign up bonus we've seen. You can earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®. You can also earn 5,000 bonus points after you add the first authorized user and make a purchase in the first three months.
Imagine what you would do with $625? A flight to Las Vegas? A weekend hotel stay in New York?
This card is made for people who like to travel:
- You’ll earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide.
- There is a $0 foreign transaction fee.
- You can transfer points at 1:1 to a leading frequent travel program such as United MileagePlus and Marriott Rewards.
1:1 point transfer means 1,000 Chase Ultimate Rewards points equal 1,000 partner miles/points.
Airline partners include Southwest, British Airways, Korean Air, Virgin Atlantic, United, and Singapore Airlines. Hotel transfer partners include Marriott, Hyatt, IHG, and the Ritz-Carlton.
- You get premium travel and purchase protection benefits including trip cancellation/trip interruption insurance, auto rental collision damage waiver, and purchase protection.
Keep in mind:
- There is an annual fee (introductory annual fee of $0 the first year, then $95). Even though there is a tempting 50,000 bonus point offer on the table, the $95 annual fee may be hard to swallow for some users.
Our suggestion: if you like to travel, then consider the Chase Sapphire Preferred.
Otherwise, consider a no annual fee credit card instead.
1.5% Cash Back with No Annual Fee
Barclaycard CashForward offers a jaw-dropping 1.5% cashback on every purchase with no annual fee.
Plus, every time you redeem, you get a 5% cash rewards redemption bonus to use toward your next redemption. You can redeem your cash rewards for a deposit into your bank account, a statement credit or gift cards. Redemptions start at $50. Your cash rewards do not expire as long as your account is open, active and in good standing.
This card features a 0% introductory APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable APR applies, currently 15.24%, 20.24%, or 25.24% depending on your creditworthiness. Please note, there is a fee for balance transfers.
Apply now and get a $100 cash rewards bonus after you spend $500 in purchases in the first 90 days after account opening.
Want to get something in return for those trips to the grocery store and gas station?
Blue Cash Preferred from American Express (a CreditDonkey partner) lets cardholders earn 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). You also get 3% cash back at U.S. gas stations and select U.S. department stores (like Macy's, Nordstrom, Kohl's, and Sears) and 1% on other purchases.
And there's more: the Blue Cash Preferred comes with 0% intro APR on purchases and balance transfers for the first 12 months. After that, a variable APR, currently 13.49% to 23.49%, depending on your creditworthiness and other factors.
As if that's not enough, new Blue Cash Preferred cardholders receive $150 back (in the form of a statement credit) after making $1,000 in purchases with the card in the first 3 months.
What is $150 worth to you? A new cell phone for yourself? A new tablet for the family?
Keep in mind:
- There is a $95 annual fee. Our suggestion: the Blue Cash Preferred is good for folks who spend at least $61 a week on groceries. If you do not buy a lot of groceries at supermarkets, consider a credit card with no annual fee instead (such as the Blue Cash Everyday, which has no annual fee but a lower cash back rewards rate).
- Rewards credit cards (such as the Blue Cash Preferred) are good for folks who pay off their entire balance each month. If you have credit card debt, consider a low interest credit card instead.
To learn more, read our Blue Cash Preferred Review or visit American Express' secure website to apply now.
Balance Transfer: Save Money with Low Interest Rates
Look, we get it. Sometimes you cannot pay off your entire balance each month.
But that does not mean you should pay a FORTUNE in interest charges.
Here is a credit card with a surprisingly low interest rate:
Barclaycard Ring has no balance transfer fees and a low 8.5% variable APR on balance transfers and purchases. Plus, the card has no annual fee.
What's the catch? You need excellent credit to qualify for this card.
Barclaycard Arrival Plus lets you earn 50,000 bonus miles (worth $500 travel statement credit) after you spend $3,000 on purchases in the first 90 days. It has no foreign transaction fee, which is a plus if you tend to travel overseas.
Best of all, cardholders earn 2X miles on all purchases.
It's easy to use your miles. You can redeem miles for a statement credit toward travel purchases such as flights, hotels, and car rentals. This includes any airline purchase to any destination, with no blackout dates.
Why this card may not be for you: Big rewards usually come with an annual fee and this card will charge you $89 every year just to have it. Still, the annual fee is waived for the first year.
Do you spend over $334 per month on your credit card? Do you like to fly Delta? If so, consider the Gold Delta SkyMiles Credit Card from American Express, a CreditDonkey partner.
The Gold Delta SkyMiles offers 30,000 bonus miles after you spend $1,000 on the card within the first three months. You can redeem the miles toward award travel. One way award tickets start at 10,000 miles (plus taxes and fees) for travel within and between the Continental U.S., Alaska and Canada.
In addition, if you make a Delta purchase with your new card within the first three months, you can earn a $50 statement credit.
But there is a $95 annual fee ($0 introductory annual fee for the first year). Is it worth it? It depends. For instance, the card allows you to check your first bag free on every Delta flight -- that is a potential savings of up to $200 per round trip for a family of four.
To learn more, visit American Express' secure website.
Do you like airline miles and hotel points? If so, here is why we like the Starwood Preferred Guest Credit Card from American Express, a CreditDonkey Partner:
- You earn Starpoints. You can redeem Starpoints at over 1,300 hotels and resorts in over 100 countries (with no blackout dates).
- But here is the kicker. Instead of redeeming points for hotels, you can transfer Starpoints to airline transfer partners.
Many are on a 1:1 basis such as:
- American Airlines,
- Delta Airlines,
- Alaska Airlines,
- Hawaiian Airlines,
- British Airways,
- Air Canada,
- Virgin Atlantic,
- Qatar Airways,
- Korean Air,
- Asiana Airlines,
- Jet Airways,
- Air China,
- Air Berlin,
- Japan Airlines,
- Hainan Airlines,
- Thai Airways,
- China Southern Airlines,
- Korean Airlines,
- Miles and More,
- All Nippon Airways,
- and even China Eastern Airlines (a relatively smaller carrier).
- American Airlines,
- But there's more. You get 5,000 bonus Starpoints per 20,000 Starpoints transferred to an airline transfer partner (in a single transaction).
Keep in mind:
- $95 annual fee ($0 introductory annual fee for the first year)
Who do we recommend this credit card for?:
- Travelers who like to stay at Starwood hotels such as Sheraton, Westin, St Regis, W Hotels, Le Meridien, Element, Loft, or Four Points.
- Travelers who like to fly American Airlines or any of their 1:1 airline transfer partners.
Why? Because unlike most airline credit cards that only offer 1 mile per dollar spent, you can effectively earn 25% more with this card — by taking advantage of the 5,000 bonus Starpoints whenever you transfer 20,000 points to an airline transfer partner.
Apply now and earn 25,000 bonus Starpoints after you make $3,000 in purchases within the first 3 months on your new card.
What can you do with 25,000 Starpoints? You can redeem them for free hotel nights or transfer them to an airline transfer partner.
To illustrate: a free night at a "category 3" hotel costs 7,000 points a night and a mid-tier "category 4" costs 10,000 points a night.
To learn more, read our AMEX SPG Credit Card review or visit American Express' secure website to apply now.
PS: I like to save up points and book 5 night award stays.
Here's why: if you redeem Starpoints for 5 consecutive nights at a category 3-7 hotel, the 5th night is free. So that Category 3 hotel room for 5 nights costs 28,000 Starpoints (instead of 35,000!).
Before rushing to fill out an application for one of these cards, keep in mind you usually need excellent credit. If you have a long history of paying your bills on time, only applying for the credit you need, and you haven’t neared your credit limit, you probably have a great credit score.
Know someone with excellent credit? Show them this article.
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.