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7 Best Purchase Rates Credit Cards

Credit cards can be powerful tools that offer various spending benefits as well as a reliable way to build your credit score. As of 2021, roughly 84% of adults possessed a credit card. To maximize their spending, many cardholders look for the cards that offer the best rewards rate on their purchases.
Let’s examine the credit cards with the best purchase rates that you can find on the market today.

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Wells Fargo

Wells Fargo offers one card that stands above others for offering the highest level of simple cash back: the Wells Fargo Active Cash credit card.

Active Cash Card: 2% Cash Back

The Active Cash Card offers 2% cash back on all purchases, with no categories to track or quarterly activation. These rewards never expire as long as your account remains open. Additionally, this card letsyou claim your rewards in plenty of ways, including redeeming them for purchases on your credit card, sending cash to your checking account, withdrawing cash from an ATM, or redeeming points for a gift card.

The Active Cash Card also offers a 0% intro APR for the first 15 months after opening an account. After that, your variable APR will be 20.24%, 25.24%, or 29.99%. Balance transfers made within 120 days qualify for the intro rate and fee. This card does not have an annual fee.

American Express

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

American Express offers three different credit cards with attractive purchase rates: Cash Magnet Card, Blue Cash Preferred® Card from American Express, and Blue Cash Everyday® Card from American Express.

Cash Magnet Card: 1.5% Unlimited Cash Back

Non-Affiliate Disclosure: All data about the American Express® Cash Magnet Card has been collected independently by Wisepal. American Express® Green Card is no longer available through Wisepal.  

The Cash Magnet Card offers a uniform 1.5%unlimited cash back. But, another major benefit is that this card lets you earn cash back every time an Additional Card Member makes an eligible purchase with their Card. In this sense, you can earn rewards from other people’s spending. You’ll receive cash back in the form of Reward Dollars that can be redeemed as a statement credit.

The Cash Magnet Card offers a 0% intro APR on purchases and balance transfers for the first 15 months after opening an account. After the intro period, this card charges a variable APR, 19.24% to 29.99%. The Cash Magnet Card does not have an annual fee. Terms Apply.

Blue Cash Preferred Card: 1% Unlimited Cash Back

The Blue Cash Preferred Card offers a uniform 1% cashback on all purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Additionally, this card offers the following spending benefits:

●    6% cash back on groceries: Up to six thousand dollars per year in purchases at U.S. supermarkets (then 1%)
●    6% cash back on select U.S. streaming subscriptions.
●    3% cash back on transit
●    3% cash back on purchases from U.S. gas stations

The Blue Cash Preferred Card card offers a 0% intro APR on purchases and balance transfers for the first 12 months after opening an account. After the intro period, this card charges a variable APR, 19.24% to 29.99%. This card also offers no introductory annual fee for the first year (and then an annual fee of ninety-five dollars. See rates and fees.).

Blue Cash Everyday Card: 1% Unlimited Cash Back

The Blue Cash Everyday Card offers a uniform 1% cash back on all spending. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. In terms of other spending benefits, this card also offers:

●    3% cash back on U.S. supermarkets: Up to six thousand dollars per year in purchases (then 1%)
●    3% cash back on U.S. online retail purchases: Up to six thousand dollars per year in purchases (then 1%)
●    3% cash back on purchases from U.S. gas stations: Up to six thousand dollars per year in purchases (then 1%)

The Blue Cash Everyday Card offers a 0% intro APR on purchases and balance transfers for the first 15 months after opening an account. After the intro period, this card charges a variable APR, 19.24% to 29.99%. Another major benefit of this card is that it has no annual fee. See rates and fees.

JPMorgan Chase

There are four different credit cards from Chase that we like for their purchase rates: Chase Freedom Unlimited®, Chase Freedom Flex®, Chase Sapphire Preferred® Card, and Chase Freedom Rise.

Chase Freedom Unlimited®: 1.5% Unlimited Cash Back

We believe that the Chase Freedom Unlimited Card® is a great choice because it offers unlimited 1.5% cash back or more on all purchases. This card also includes additional spending rewards in the following categories:

●    3% on dining and drugstores
●    5% on travel purchased through Chase Travel℠ portal 

The Chase Freedom Unlimited® card also offers a 0% intro APR for the first 15 months after opening an account for both purchases and balance transfers. After the intro period, it offers a variable APR of 20.49%–29.24%. The Chase Freedom Unlimited® card does not charge an annual fee. Terms Apply.

Chase Freedom Flex®: 1% Unlimited Cash Back

We consider the Chase Freedom Flex® a quality credit card because it helps you earn a consistent 1% cash back on all purchases. Additionally, it offers the following spending benefits:

●     5% cash back on up to one thousand five hundred dollars on combined purchases in bonus categories each quarter you activate.
●     5% cash back on travel purchased through Chase Travel℠
●     3% on dining, including takeout and drugstores 

We also like the Chase Freedom Flex® card because it offers a 0% intro APR for the first 15 months after opening an account for both purchases and balance transfers. After the intro period, a variable APR of 20.49%–29.24%. The Chase Freedom Flex® card does not have an annual fee.

Chase Sapphire Preferred: 1 Point Per Dollar Spent

One reason that we like the Chase Sapphire Preferred card is that it offers a uniform 1 point per dollar spent. Additionally, this card offers several other benefits including:

●    3x points on dining, including eligible delivery services, takeout and dining out
●    3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs)
●    3x points on select streaming services
●    2x on travel purchases

This card charges a variable APR of 21.49%–28.49% and has an annual fee of $95

Chase Freedom Rise: 1.5% Unlimited Cash Back

We love the Chase Freedom Rise credit card because it allows you to enjoy 1.5% unlimited cash back on all purchases. If you don’t have a credit card then the Chase Freedom Rise card is considered by many to be a good place to start.

This card offers a 26.99% variable APR as well as no annual fee.

Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.