As an Illinois resident, you can earn fantastic rewards by using your credit card. However, the most significant benefit of ownership comes from the ability to earn rewards, such as frequent flyer miles and cashback, which you can then use as a deposit for a future reward or as an economic stimulus via spending.
Here is a list of the best credit card, as well as their features so that you can get 100% benefit from your credit cards:
Chase Freedom Unlimited: Best Cash Back
Offers 1.5% cashback on all purchases, a $150 bonus for hitting the minimum spending requirement, and any month where you use your card at least 20 times.
Gives 5% cashback on rotating categories throughout the year up to the quarterly maximum (cashback match at the end of your first year)
Marriott Rewards Premier: Best Travel Perks
You get a free Silver status and 75,000 bonus points after $3,000 in purchases; stay four times and receive automatic Gold status; get a free night every year.
United MileagePlus Explorer
You can enjoy an annual companion pass, a free first checked bag on United flights, and priority boarding; get 10,000 bonus miles after $1,000 in purchases.
Starwood Preferred Guest Credit Card
Starwood Preferred Card from American Express – receive 25,000 bonus points after $3,000 in purchases and five points per dollar spent on all Starwood purchases.
Capital One Venture Rewards Credit Card
The Capital One Venture Credit Card offers 40,000 bonus miles once you spend $3,000 the first three months from account opening. In addition, no annual fee or foreign transaction on the purchases you make outside of the US.
The Citi / AAdvantage Executive World Elite
The Citi / AAdvantage Executive World Elite Mastercard comes with an annual fee of $450 for the first year. In addition, you will get a 50,000 bonus American Airlines AAdvantage.
Wells Fargo Cash Back College Visa
Wells Fargo Cash Back College Visa: Caters for college students. If you spend $500 first three months opening the account, you receive a $100 bonus. After that, the annual fee is free for the first year; $25 annually after that.
Blue Cash Everyday Card
Blue Cash Everyday Card from American Express – 3% cashback at US supermarkets up to $6,000 each year; 2% back at US gas stations and select US department stores; 1% on everything else.
American Express Blue Cash Preferred
American Express Blue Cash Preferred – 6% cashback on groceries, 3% at gas stations and department stores, 1%back everywhere else. Also, a $100 sign-up bonus for spending $1,000 in the first three months of opening your account.
Chase Ultimate Rewards
Cash Back: 5% on gas and groceries; 1% on all other purchases. Great for those who travel a lot and eat out often. Chase Ultimate card also allows you to collect points that are redeemable for free travel. For example, 10,000 points equal $100 worth of travel rewards.
Capital One Quicksilver Cash Rewards
Capital One Quicksilver Cash Rewards Offers 1.5% cashback on all purchases, with an additional .5% “bonus” on certain months of the year for targeted spending. No sign-up bonus, but no annual fee either.
PenFed Power Cash Rewards
PenFed Power Cash Rewards earns 3% back at gas stations and military bases (with proper ID), 2%back on grocery stores, and 1%cash back on everything else. Also, a $100 sign-up bonus for first-time cardholders.
There are tons of credit cards to choose from regarding rewards, cashback bonuses, or airline miles. The great thing is that Illinois has companies that offer lots of reward perks. Take a look at the best credit card perks in Illinois as per the above outline to make a decision.
Applying your credit card for all your purchases and paying off the balance each month will give you great flexibility and build your credit. Plus, there’s the perk of earning rewards along the way. Many credit cards offer bonuses.
The consensus on rewards credit cards is that the more points you can rack up, the more money you can save on non-essential expenses. You can redeem your points or leave them to accumulate for future use.