Credit cards aren’t just for making purchases—they can also be a powerful tool for building wealth.
By strategically using rewards credit cards, you can earn cash back, travel points, or other rewards that contribute to your financial goals. Here’s how to make the most of these seven rewards credit cards to build your wealth.
Important: Remember that credit card terms and benefits can change any time without notice. So be sure and verify everything before you apply for any credit card.
1. Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card is ideal for maximizing travel rewards, offering 2x points on travel and dining, redeemable for travel, gift cards, or cashback. (Terms may change.)
For a limited time, the card also offers a large sign-up bonus to help you get a head start on your rewards balance.
This card provides excellent long-term value, whether you’re saving for your next vacation or building points for future travel.
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2. Citi® Double Cash Card
For those who prefer simplicity, the Citi® Double Cash Card offers 2% cash back on every purchase—1% when you make a purchase and 1% when you pay it off. (Terms may change.)
This card is a great way to earn cash back without worrying about rotating categories or spending limits.
Whether you buy groceries, pay bills, or make larger purchases, you’ll earn solid cashback that adds up over time, helping you build your wealth with minimal effort.
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3. Blue Cash Preferred® Card from American Express
The Blue Cash Preferred® Card from American Express is ideal for families or anyone who spends a lot on groceries. This card can offer 6%cash back on groceries (up to $6,000 per year), 3% on transit and gas, and 1% on other purchases. (Terms may change.)
With such high rewards on everyday spending, you’ll quickly accumulate cash back, which you can use to pay down debt, save for emergencies, or reinvest in other wealth-building opportunities.
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4. The Platinum Card® from American Express
If you’re a frequent traveler or business professional, the Platinum Card® from American Express is perfect for maximizing travel rewards and luxury perks.
You can earn 5x points on flights booked directly with airlines or through American Express Travel, along with 1x points on other purchases. (Terms may change.)
Beyond rewards, the card also offers complimentary access to airport lounges and concierge services, making your travel experience more convenient while you earn rewards on every purchase.
Pro Tip: If you’re looking to rack up flexible rewards points or miles to go on your dream vacation, here are the Top Rewards Credit Cards.
5. Capital One® Quicksilver® Cash Rewards Credit Card
The Capital One® Quicksilver® Cash Rewards Credit Card is hard to beat for a no-fee, straightforward rewards card.
You can earn 1.5% cash back on every purchase, which is excellent for those who want a simple way to earn rewards without worrying about categories or restrictions. (Terms may change.)
This card is a great choice to build wealth through consistent cash back on your everyday spending, with no annual fee to eat into your rewards.
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6. Discover it® Cash Back
The Discover it® Cash Back card offers 5% cash back on rotating categories (up to $1,500 per quarter) and 1% on all other purchases. (Terms subject to change.)
The key to building wealth with this card is staying on top of rotating categories like groceries, restaurants, or gas.
What sets this card apart is that Discover will match all the cash back you earn in your first year, doubling your rewards. This is an excellent option for those looking to earn many rewards in their first year.
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7. Wells Fargo Propel American Express® Card
The Wells Fargo Propel American Express® Card offers 3x points on dining, travel, and streaming services and 1x points on all other purchases.
With no annual fee, this card is perfect for those who want to maximize their rewards on both everyday purchases and big-ticket items like travel.
The points can be redeemed for travel, gift cards, or cash back, helping you earn rewards in various categories while keeping your spending efficient and profitable.
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Building Wealth with Rewards Credit Cards
By strategically using rewards credit cards, you can build wealth through cash back, travel rewards, and other benefits that help you save money or invest in experiences.
These seven cards offer excellent opportunities to earn rewards on everyday spending, save for a vacation, or get cash back to reinvest.
Choose cards that fit your lifestyle and pay off balances monthly to avoid interest. With disciplined spending, you can maximize benefits and build your financial future.
