Best Credit Cards for Excellent Credit

Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Your credit score is one way for lenders to gauge how responsible you are when it comes to credit and your finances in general. A credit score in the “excellent” range—generally, anything over 760—makes you more or less in a better position to be considered for credit approval, however, remember that other factors play a role in this decision. Having excellent credit increases the chance you may be able to nab the best (lower) interest rates on what you borrow, however, there are no guarantees.

Having a lower interest rate is important if you’re looking for a new credit card and you carry a balance from time to time. We rounded up a couple of credit cards we think may be a fit for individuals with excellent credit. Take a look to see which cards made the cut and how they stack up against each other.

1. Unlimited 2X Miles Per Dollar: Capital One® Venture® Rewards Credit Card

Best for: Travelers who want a hassle-free way to earn rewards

Card highlights we want to feature:

  • You can earn unlimited 2X miles per dollar on every purchase, every day
  • New cardmembers who qualify earn a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • $0 introductory annual fee for the first year; after that the annual fee is $95
  • There are no foreign transaction fees

The Capital One® Venture® Rewards Credit Card is a winner if earning miles towards travel is on your agenda. With this card, you earn unlimited 2X miles on every purchase and your miles won’t expire for the life of the account.

Every 100 miles is equal to $1 in travel rewards and you can apply miles towards flights, hotel stays, car rentals and cruises. Fly any airline, stay at any hotel – there are no blackout dates. Plus, transfer your miles to over 12 leading travel loyalty programs.

New cardmembers who qualify earn a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, that’s equal to $500 in travel.

If you choose to redeem your rewards for something other than travel, for example, such as for cash in the form of a check or gift cards, the rates for these other redemption options vary and are subject to change.

This card has a $0 introductory annual fee the first year. After that, the annual fee is $95, but you can earn that back in travel credit once you charge around $4,750 in purchases. There are no foreign transaction fees to worry about if you use the card for purchases outside the U.S.

2. Cash Back: Bank of America® Cash Rewards Credit Card

Best for: Existing Bank of America customers and individuals who want to earn cash rewards with no annual fee

Card highlights we want to feature:

  • You can earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs and 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. You’ll earn 3% and 2% cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then 1%
  • New cardmembers can earn a $150 online cash rewards bonus after spending at least $500 on purchases in the first 90 days of account opening
  • Bank of America® Preferred Rewards clients get a rewards bonus of 25% – 75% on every purchase
  • There is no annual fee

We think the Bank of America® Cash Rewards credit card is a solid pick if you’ve got excellent credit and you like earning cash back rewards without an annual fee. This card offers three different rewards tiers, along with an opportunity for new cardmembers who qualify to earn a $150 online cash rewards bonus after spending at least $500 on purchases in the first 90 days of account opening.

As far as the rewards program you earn 1% cash back on every purchase you make with the card, 2% at grocery stores and wholesale clubs and 3% in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. You’ll earn 3% and 2% cash back for the first $2,500 in combined purchases of your choice category/grocery store/wholesale club each quarter. Once you reach the spending limit, you keep earning 1% cash back on those purchases until the new quarter starts.

This card is one to consider if you’re already a Bank of America® banking customer. Preferred Rewards clients can increase their rewards value by 25% -75%, based on their membership status. Bottom line, you have a shot at racking up some nice rewards with this card if Bank of America® is your bank of choice.

These two cards are the ones we feel are good options for individuals who have excellent credit.  Quick note to add here, please understand each card issuer has different criteria they use to determine if you will be approved for a credit card and the terms they will extend to you, so, having a credit score in a particular range is not a guarantee that you will be approved for the card or for the terms you applied for. To explore more card options, check out what’s available in our credit card marketplace from our credit card partners and don’t forget to snag your free credit report card to get a look at your credit score.

 


Disclaimer: The information about the Bank of America® Cash Rewards credit card has been collected by CreditSesame.com and has not been reviewed or provided by the issuer of these card.

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See the online provider’s application for details about terms and conditions. Offers are subject to change and the terms displayed may not be available to all consumers. Please visit the provider’s site for current information and verify all terms and conditions of any offer prior to applying.

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Published October 3, 2016
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