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The best rewards credit cards for June 2020

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The best rewards credit cards for June 2020

Meghan HunterThe best rewards credit cards for June 2020Million Mile Secrets Team

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We buy things almost every day, so why not make the most of these expenses with a travel rewards card? You can earn cash back with one of the top cards for cash back, or you can receive points or miles that can be redeemed for travel-related items like airfare, hotel rooms, car rentals and more.

There are a number of different credit cards out there, though, which can make it difficult to find the best one(s) for your situation. We’ve done the research and narrowed it down to 10 of the best rewards credit cards for those looking for cash back, miles for a specific loyalty program or flexible points currencies that can be redeemed at various places.

Best rewards credit cards for 2020

Comparing the best rewards credit cards

Credit CardRewards TypeIntro bonus offerAnnual fee
Chase Sapphire Preferred® CardTransferable points60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening$95
Chase Ink Business Preferred Credit CardTransferable points100,000 Ultimate Rewards points after you spend $15,000 on purchases in the first three months from account opening$95
Chase Sapphire Reserve®Transferable points50,000 Ultimate Rewards points after you spend $4,000 on purchases in the first three months from account opening$550
Marriott Bonvoy Boundless™ Credit Card Transferable points75,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening.$95
American Express® Gold CardTransferable points35,000 Membership Rewards points after spending $4,000 on purchases in the first three months of account opening. Terms apply. $250 (see rates & fees)
American Express® Green CardTransferable points30,000 Membership Rewards® points after spending $2,000 on purchases on the Card in the first 3 months of account opening. Terms apply.$150 (see rates & fees)
Capital One® Venture® Rewards Credit CardTransferable miles50,000 bonus miles after you spend $3,000 on purchases within the first three months from account opening$95
Chase Freedom®Cash back$200 bonus after you spend $500 on purchases in the first three months from account opening$0
Citi® Double Cash CardCash backN/A$0
Bank of America®️ Premium Rewards®️ credit cardTravel credits or cash back50,000 bonus points after you spend at least $3,000 on purchases in the first 90 days of account opening$95
Wells Fargo Propel American Express® cardTravel credits or cash back20,000 bonus points after spending $1,000 on purchases within the first three months of card opening$0
The information for the Ink Business Preferred, Chase Freedom, Capital One Venture, Bank of America Premium Rewards, Wells Fargo Propel Amex has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.
Plan for an adventure by making the most of your daily purchases with one of the best rewards credit cards. (Photo by Day2505/Shutterstock)

Best rewards credit cards

Chase Sapphire Preferred Card

Best for beginners to rewards travel 

Current welcome bonus

When you apply for the Chase Sapphire Preferred Card, you can earn 60,000 bonus points after spending $4,000 on purchases in the first three months from account opening. That’s worth at least $750 in travel when you redeem through Chase Ultimate Rewards.

Insider tip

This card earns Chase Ultimate Rewards points, which are incredibly flexible and valuable. Not only can you redeem them easily on things like gift cards and cash back, but you can get even more value by redeeming them on travel.

This is especially true when you transfer the points to any of Chase’s travel partners for hotels or airfare. You can check out our Chase Ultimate Rewards review and also our guide on the value of Chase points.

Benefits and perks

On top of the card’s welcome bonus, you’ll earn:

  • 2x points on travel and dining at restaurants
  • 1x point on all other purchases

The card also carries a ton of other perks like primary rental car insurance, baggage delay insurance, trip delay reimbursement and more. You can read more about the Chase Sapphire Preferred card’s benefits and perks here.

Why it’s worth it

There’s a reason we here at Million Mile Secrets have consistently touted this card as the best card for beginners. Chase Ultimate Rewards points are easy to earn and redeem and can be extremely valuable once you get to know the best ways to use them (usually by transferring to any of Chase’s travel partners).

You can read our review of the Chase Sapphire Preferred to learn how you can get over $1,000+ worth of travel from the welcome bonus.

Compared to many other more premium travel cards, the $95 annual fee is quite manageable, especially considering the $750+ value of the welcome bonus, the ongoing earnings rate for your purchases and how much you could save if you ever needed to use the card’s travel protections like trip delay insurance or primary rental car coverage.

Total value

The welcome bonus alone is worth at least $600. But if you decide to transfer to any of Chase’s travel partners, you could possibly see as much as $1,000 or more in value.

Chase Sapphire Reserve

Best card for frequent travelers

Current bonus

As a Chase Sapphire Reserve cardmember, you can earn 50,000 Ultimate Rewards points after you spend $4,000 on purchases in the first three months from account opening.

Insider tip

This card earns valuable Chase Ultimate Rewards points which you can transfer to any Chase travel partner to maximize their value. Airline travel partners include:

  • Aer Lingus
  • British Airways
  • Emirates
  • Flying Blue
  • Iberia
  • JetBlue
  • Singapore Airlines
  • Southwest
  • United Airlines
  • Virgin Atlantic

Hotel travel partners include:

  • Hyatt
  • IHG
  • Marriott

To give you an idea of how much Chase points can be worth, I stayed at the Park Hyatt New York earlier this year for three nights. The cash price was $3,000, but I paid nothing by redeeming 90,000 Chase Ultimate Rewards points instead.

Benefits and perks 

This is a top premium travel card, so it comes packed with perks. You’ll get a $300 statement credit for travel purchases each account anniversary year, a statement credit for up to $100 for Global Entry, plus Priority Pass airport lounge access and more.

You’ll also earn 3x points on travel (excluding the $300 travel credit) and dining at restaurants, and 1 point per $1 spent on all other purchases worldwide.

You can read more about what the card offers in our review of the Chase Sapphire Reserve.

Why it’s worth it

Although the card carries a $550 annual fee, you can think of it effectively as $250 because of the $300 statement credit for travel purchases you’ll receive each account anniversary year. The welcome bonus is also worth at least $750 if redeemed through the Chase travel portal. And if getting through airport security more quickly and with less hassle is your thing, you’ll be happy to know that you’ll also receive a statement credit for up to $100 for Global Entry or TSA PreCheck.

Then there are the intangibles like having airport lounge access so that you can have a place to relax before your flight, which is hard to put a price tag on sometimes.

Total value

Between the card’s welcome bonus, statement credit for Global Entry and the annual statement travel credit, you can easily get over $1,000 of value from this card.

(Photo by Isabelle Raphael)

Marriott Bonvoy Boundless Credit Card

Best for international travel

Current bonus

The Marriott Bonvoy Boundless Credit Card comes with 75,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening.

Insider tip

You can transfer Marriott points to 40+ airline partners, including perennial favorites like American Airlines, Alaska Airlines and ANA. Transferring to airlines can be one of the best ways to use Marriott points.

Million Mile Secrets team member Jason got this card the last time it had a 100,000-point bonus and converted some of those points into Alaska Airlines miles (to book Qantas flights) because Marriott is the only major flexible points program that transfers to Alaska Airlines.

Benefits and perks

Perks of being a Marriott Bonvoy Boundless cardholder include a free-night certificate each year on your card anniversary that’s valid at participating Marriott hotels that cost up to 35,000 points per night, automatic Silver elite status, 15 elite-night credits every year you keep the card and more. You can read our in-depth review of the Marriott Bonvoy Boundless benefits and perks here.

Why it’s worth it

On top of the welcome bonus, you can get plenty of value from the Marriott Bonvoy Boundless by making the most of the free-night award at participating Marriott hotels (up to 35,000 points per night). That can more than offset the $95 annual fee.

Plus, you’ll find Marriott hotels all over the world, which means you won’t have any problem using the rewards you earn from this card.

Total value

If you use your points wisely it’s easy to get $1,000+ in value from the Marriott Bonvoy Boundless welcome offer. For example, those 75,000 Marriott points are more than enough for a night at a fancy Category 8 hotel, like the St. Regis Bora Borawhere rates easily exceed $1,000 per night.

You’ll find our review of the Marriott Bonvoy Boundless card here.

American Express® Gold Card

Best card for earning dining and travel rewards

Current bonus

You can earn 35,000 Membership Rewards points after spending $4,000 on purchases in the first three months of account opening when you apply for the Amex Gold Card.

Insider tip

This is a fantastic card for those who travel and eat out frequently. For starters, the Amex Gold earns flexible Membership Rewards points which can be transferred to any Amex travel partners, which include a number of airlines and hotels. And if you eat out often, you can quickly rack up rewards for your next trip thanks to the card’s strong earnings rate for purchases made at restaurants, U.S. supermarkets and on travel.

Benefits and perks

When you use your card for your daily purchases, you’ll earn:

  • 4x Amex Membership Rewards points per dollar at restaurants
  • 4x Amex Membership Rewards points per dollar at U.S. supermarkets (on up to $25,000 per calendar year, then 1x)
  • 3x Amex Membership Rewards points per dollar on flights booked directly with airlines or on amextravel.com
  • Terms apply

You’ll also get a few other benefits and perks (terms apply):

  • Dining credit of up to $120 ($10 monthly) each year at participating restaurants (enrollment required)
  • Credit of up to $100 for airline incidental fees each calendar year on your selected airline

Why it’s worth it

Although the card carries an annual fee of $250 (see rates and fees), it’s effectively just $30 for those who eat and travel frequently. That’s because the card’s dining credit and airline incidental fee credit offer a value of $220 right off the bat. When you factor in the welcome bonus and strong daily earning rate, it’s definitely worth the annual fee for those who take advantage of what the card has to offer.

Total value

Amex Membership Rewards points can be redeemed for at least 1 cent per point, making this card’s welcome bonus worth at least $350. But it can be worth much more if transferred to an Amex travel partner.

You can read our full review of the American Express® Gold Card here.

American Express® Green Card

Best card for general travel purchases 

Current bonus

Earn 30,000 Membership Rewards points after spending $2,000 on purchases on the card in the first three months.

Insider tip

For anyone who eats out and travels, this card is definitely worth a look. You’ll earn 3x Amex Membership Rewards points on travel and restaurant purchases worldwide, along with a few handy perks, like statement credits for CLEAR and LoungeBuddy.

Benefits and perks 

The Amex Green offers two unique perks that few other cards are currently offering. Each year, you can receive a statement credit of up to $100 when you use your card to pay for a CLEAR membership. CLEAR is one of the programs that can help you speed through security more quickly. Read our review of CLEAR here.

You’ll also receive up to $100 in LoungeBuddy statement credits per year, if airport lounge access floats your boat.

Why it’s worth it

If you plan on taking advantage of the card’s perks, you can easily come out ahead and make the $150 annual fee (see rates and fees) worth it. Here is our take on who should (and shouldn’t) get the Amex Green card.

Total value

The welcome bonus is worth at least $300 (and possibly more if you transfer to any of Amex’s travel partners). You also receive $100 in statement credit for CLEAR, and up to $100 in LoungeBuddy statement credits.

All in all, you’re getting much more than the card’s annual fee. If you plan on taking advantage of the card’s perks, it’s well worth it to add to your wallet. You can read our Amex Green card review here.

(Photo by Wyatt Smith)

Capital One Venture Rewards Credit Card

Best for ease of redeeming rewards

Current bonus

With the Capital One Venture Rewards Credit Card, you can earn 50,000 bonus miles after you spend $3,000 on purchases within the first three months from account opening.

Benefits and perks

Capital One Venture Rewards Credit Card cardmembers will be able to earn the following:

  • 2x Venture miles per $1 spent on all purchases
  • A statement credit of up to a $100 for TSA PreCheck or Global Entry
  • No foreign transaction fees

You’ll also be protected with additional purchase and travel protections like travel accident insurance and lost luggage insurance. You can read the full details in our review of the Capital One Venture Rewards card as well as our Capital One Venture benefits and perks guide.

Why it’s worth it

Earning and redeeming rewards doesn’t get much simpler than with the Capital One Venture Rewards Credit Card. After you make a travel-related purchase, you can log into your online account and “erase” the travel expense by redeeming your miles.

Total value

Right out of the box, you can see a value of at least $600 between the card’s welcome bonus (worth at least $500) and the statement credit of up to $100 for TSA PreCheck or Global Entry.

Chase Freedom

Best for rotating bonus categories 

Current bonus

With the Chase Freedom, you can earn a $150 bonus after you spend $500 on purchases in the first three months from account opening.

Insider tip

If you have other Chase cards, you can pool Chase Ultimate Rewards points so that you can get more value from them. For instance, if you transfer the points to the Chase Sapphire Reserve, they’ll be worth as much as 50% more when redeemed through the Chase travel portal or you can transfer them to travel partners like United or Hyatt.

Benefits and perks 

As a Chase Freedom cardholder, you’ll earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. All other purchases will earn an unlimited 1% cash back.

Why it’s worth it

With rotating bonus categories that change on a quarterly basis each year, you’re bound to find at least a few months out of the year when you can earn a whopping 5% cash back on purchases you’d be making anyway. And because the card carries no annual fee, it won’t cost you anything to keep in your wallet.

Total value

The welcome bonus is worth at least $150, and because you’ll earn these in the form of Ultimate Rewards points you could potentially get even more value if you combine it with another Chase card like the Chase Sapphire Preferred or Chase Sapphire Reserve.

(Photo by Isabelle Raphael)

Chase Ink Business Preferred Credit Card

Best for business owners who travel

Current bonus

With the Chase Ink Business Preferred Credit Card, you’ll earn 100,000 bonus points after spending $15,000 in the first three months of account opening.

Insider tip 

If you’re a business owner and rent cars or travel frequently, you can definitely save a lot of time and hassle with the primary rental car insurance that is baked into the card.

When you rent a car for business purposes and decline the Collision Damage Waiver (CDW) through the car rental agency, you generally won’t have to file a claim with your own personal insurance if the vehicle ends up being damaged. Instead, you can simply file a claim through Chase and you should see a reimbursement check in the mail in just a matter of weeks.

Benefits and perks

If you’re a business owner, I’m sure it seems like the expenses never stop. So why not get something back for these expenses?

With the Chase Ink Business Preferred Credit Card, you’ll earn 3x Chase Ultimate Rewards points for every dollar spent on travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines (up to a maximum of $150,000 in combined purchases per account anniversary year). You’ll also receive valuable cellphone insurance if you pay your cellular bill with the card.

The great thing is that Chase’s definition of travel is very broad and includes a ton of things you might not have thought would qualify. For instance:

  • Airbnb
  • Amtrak or European rail travel
  • Bridges and tolls
  • Bus fares with Megabus or BoltBus
  • Campground reservations at KOA and others
  • Car rentals (plus primary auto rental insurance when renting for business purposes)
  • Expedia, Orbitz, and Priceline reservations
  • Ferry rides
  • Lyft and Uber rides
  • Monthly mass transit card
  • National Park admission fees
  • Parking at a stadium or concert venue
  • Renting a public bicycle from services like Citi Bike in New York City
  • Zipcar rentals

You can read our Chase Ink Business Preferred review for more.

Why it’s worth it

If you travel as a small-business owner, this card could go a long way toward helping with your expenses. You can save tons of money by redeeming Chase Ultimate Rewards points for travel instead of paying out of pocket. And with perks like primary rental-car coverage and cellphone insurance for you and any employees listed on your cellphone bill, you could turn an accident into a mere inconvenience.

All that for a very reasonable annual fee.

Total value

The value of the welcome bonus alone is at least $800. If you decide to redeem through the Chase travel portal, that value goes up to $1,000. And if you ever have to use the card’s cellphone insurance or primary rental-car coverage, that could easily save you still more from an expensive repair bill.

Citi Double Cash Card

Best card for no annual fee

Current bonus

None.

Insider tip

You can squeeze even more value from the rewards you earn on this card by converting them to ThankYou points and redeeming through any of Citi’s transfer partners. You’ll need a linked ThankYou rewards account to do so, but it does add flexibility and value to the card.

Benefits and perks

With the Citi Double Cash card, you can earn 2% on every purchase – 1% when you buy, plus an additional 1% as you pay for the purchases. As with any other credit card, make sure you make your payments on time.

Here is our full review of the Citi Double Cash Card.

Why it’s worth it

Cards with no annual fee don’t cost you anything to hang onto year after year. This card offers simplicity and flexibility. You can use it like a straight cash-back card, earning 1% on your purchases plus an additional 1% when you pay for them. You can also link it to a ThankYou rewards account and potentially get even more value by transferring your points to Citi’s travel partners.

Total value

The card isn’t currently offering any welcome bonus, but it’s also not charging any annual fee, so you’ll come out ahead with your very first purchase.

There’s no limit to the amount of cash back you can earn with the Citi Double Cash Card. (Photo by ptnphoto/Shutterstock)

Bank of America Premium Rewards

Best card for Bank of America Preferred Rewards program members

Current bonus 

The welcome bonus on the Bank of America Premium Rewards offers you 50,000 bonus points after you spend at least $3,000 on purchases in the first 90 days of account opening.

Benefits and perks

In addition to a strong earnings rate, you’ll also get some travel perks. Cardmembers of the Bank of America Premium Rewards receive:

  • 2 points per $1 spent on travel and dining purchases
  • 1.5 points per $1 spent on all other purchases
  • A credit of up to $100 for airline incidentals per calendar year
  • A credit of up to a $100 for Global Entry or TSA PreCheck
  • No foreign transaction fees

Why it’s worth it

The Bank of America Premium Rewards card comes with a number of valuable benefits and perks, which help offset the card’s $95 annual fee. If you take advantage of the airline incidental-fee credit, you’ll come out ahead in the first year, even when you factor in the card’s annual fee. And that’s not even considering the other perks like the credit for Global Entry or TSA PreCheck (which are an absolute must-have if you don’t like long airport security lines).

Plus, if you’re part of the Bank of America Preferred Rewards program, your rewards could be worth as much as 75% more.

Total value

Between the card’s welcome bonus of $500, the up to $100 airline-incidental credit per calendar year, and an up to $100 credit for Global Entry or TSA PreCheck, the math shows that the card’s small annual fee of $95 is worth paying.

You can read our full review of the Bank of America Premium Rewards here.

Wells Fargo Propel American Express® card

Best for gas rewards

Current bonus

You’ll earn 20,000 bonus points after spending $1,000 on purchases within the first three months of card opening.

Benefits and perks

One of the Wells Fargo Propel card’s best perks is the great cell phone insurance it offers. With a low $25 deductible, it covers up to $600 per claim, and $1,200 per 12-month period.

The card also offers triple points on popular spending categories, including eating out and ordering in, travel, select streaming services, gas stations and more.

Here’s a detailed look at the Wells Fargo Propel’s benefits and perks.

Why it’s worth it

Being able to earn a welcome bonus worth $200 on a card that doesn’t have an annual fee is a solid deal. Plus, there are very few cards that offer such great cell phone insurance — especially given it’s a no-annual-fee card!

Total value

Points are worth 1 cent each, so you’ll receive a value of $200 by meeting the spending requirement and earning the card’s welcome bonus. You can use it for cash back, travel, gift cards, and other rewards. Here’s our full review of the Wells Fargo Propel card.

Types of rewards cards

Cash-back cards

Cash-back cards are great if you want to earn rewards that are simple to understand and even simpler to redeem. With these cards you’ll earn cash every time you use your card. So if you have a card that’s giving you 2% back on every purchase and you make a $100 purchase, you’d earn $2 just from using your cash-back card.

Points-earning cards

There are many cards out there that earn points but not all points are created equal. Some points programs allow you to transfer your points directly into a frequent-flyer account, or you can redeem your points for cash back or a gift card. It takes research to understand what each points program offers for redemptions.

The biggest advantage of having a points-earning card is that you can sometimes get massive value when transferring to a hotel or airline partner. For instance, if you transfer 60,000 Chase Ultimate Rewards points to United, that’s enough to book a one-way flight from the U.S. to Europe in business class. Business-class flights to Europe typically cost thousands of dollars, so you’d be getting more value if you used your points this way than if you were to redeem them for cash back (60,000 Chase points  = $600 cash back).

How we choose the best rewards cards

Intro bonus

The credit card industry is competitive and banks are constantly fighting to win your business. Many will offer lucrative welcome bonuses that are worth several times what they charge in an annual fee. These are the best types of offers because you come out ahead as a new customer.

Ongoing earnings

We’re not talking about one-trick ponies here. We go after the cards that have something to offer for the long haul. That’s why we look at each card’s earnings ability for your daily purchases. A strong rewards rate means you can quickly accumulate points to redeem for something meaningful in a reasonable amount of time. 

Flexibility and ease of redeeming rewards

Cards that offer you multiple avenues to redeem your rewards make it more likely you can find a redemption option that you’re happy with.

The more flexibility a card offers, the more likely it is to offer more value too. So it’s important to easily redeem the rewards you’ve worked hard to earn. 

Special perks

Some things are difficult to put a price tag on, like having the ability to speed through security and have plenty of time to relax and enjoy snacks and drinks in a lounge before you board your flight. That’s why cards that offer perks like airport lounge access and statement credits to TSA PreCheck, Global Entry or CLEAR are among our favorites.

For rates and fees of the Amex Green Card, please click here.
For rates and fees of the Amex Gold Card, please click here.

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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