If you're looking to simplify your finances, consider using just one credit card. Here are 10 of the best picks for earning travel rewards or cash back

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  • One of the quickest ways to earn a large sum of points, miles,
    or cash back is to earn a
    credit card sign-up bonus
    . But there are benefits to using just
    one credit card as well.
  • With a single-card strategy, you’ll know exactly how much
    you’re spending — without having to aggregate your balances
    across multiple credit card accounts. 
  • It also forces you to prioritize what rewards and benefits
    matter to you the most — do you care more about cash or travel
    points? High-end benefits or lower out-of-pocket costs?
  • When it comes to travel rewards credit cards, the
    Chase Sapphire Preferred Card
    is a solid option for a
    single-card strategy. On the cash-back, the
    Wells Fargo Propel American Express® Card
    is a top pick.

When it comes to travel
rewards credit cards
, using several in tandem can often get you
the most value. In order to get the most rewards for every dollar
you spend, you could easily use one card for
groceries
, another for
gas
, and another for
travel

While a multiple-card strategy can be beneficial for
accumulating various rewards and points, there’s also something to
be said for using just one credit card for everything. 

Reasons to use just one credit card

Using a single credit card simplifies your finances. You can
better track your purchases, payments, and rewards when your
spending is consolidated to just one card.

This eliminates the need to track via spreadsheet or app in
order to keep up to date on reward expirations and other criteria.
If you do have multiple credit cards,
having a system for keeping track of your spending
, card
benefits, and more is key.

Amplified rewards and points

Imagine the total dollar amount of purchases you charge per
year. If this total were charged to just one card, you’d accumulate
all your rewards in the same currency. Depending on your goals,
this could be better than earning smaller amounts of several
different loyalty currencies. For example, you could end up with
tens of thousands of Chase points to bring you closer to your next
free flight, rather than a few thousands here or there in a variety
of loyalty programs.

When you use one single card for all of your transactions, the
potential savings and rewards add up much faster and with more
intensity. 

It forces you to prioritize

When you’re using one single credit card, you have to decide
what really matters to you. 

Do you want travel points? Cash back? Both? Pick the one card
that has the best rewards and benefits to suit your lifestyle so
you can make the most out of your everyday purchases.

Lower annual fees

If you only have one card, you only have one annual fee, plain
and simple. You no longer have to
keep track of several fee charges
to maintain your points and
reward balances. 

Here are the top credit cards to consider for a single-card
strategy Best travel rewards credit cards

1.
Chase Sapphire Preferred Card

Sign-up bonus: 60,000 points after you spend
$4,000 within the first three months

Annual fee: $95

Points earning: 2x points on travel and dining,
1 point per dollar on everything else

Other benefits: Primary car rental insurance.
Get 25% more value when you redeem for airfare, hotels, car
rentals, and cruises through Chase Ultimate Rewards. If you like
this perks and are willing to pay a higher annual fee, the
Chase Sapphire Reserve
could also be worth a look. It has a
$450 annual fee but comes with a $300 annual travel credit and
other more premium benefits.


Read more: Chase Sapphire Preferred review

2.
Capital One Venture Rewards Credit Card

Sign-up bonus: 50,000 miles after you spend
$3,000 within the first three months

Annual fee: $95 (waived for the first year)

Miles earning: 2x miles on your purchases and
10x miles when book hotels at hotels.com/venture, 1 mile per dollar
on everything else

Other benefits: An application fee credit for
Global Entry/TSA PreCheck (up to $100). 

Read
more: Capital One Venture Rewards card review

3.
The Platinum Card® from American Express

Welcome bonus: 60,000 points after you spend
$5,000 in the first three months

Annual fee: $550

Points earning: 5x points on flights booked
directly with airlines or with American Express Travel, 5x points
on prepaid hotels booked on amextravel.com, 1 point per dollar on
everything else

Other benefits: Up to $15 in Uber credits each
month, with a bonus $20 in December. Airport lounge access. Up to a
$200 annual airline fee credit for incidentals like baggage
fees.


Read more: Amex Platinum review

4.
American Express® Gold Card

Welcome bonus: 35,000 points after you spend
$2,000 in the first three months

Annual fee: $250

Points earning: 4x points at restaurants
worldwide and 4x on the first $25,000 spent each year at US
supermarkets (then 1x), 3x points on flights booked directly with
airlines or amextravel.com, 1 point per dollar on everything
else 

Other benefits: Up to a $10 credit monthly at
Seamless, Grubhub, The Cheesecake Factory, Ruth’s Chris Steak
House, Boxed, and participating Shake Shack locations. Up to a $100
airline fee credit for incidentals like baggage fees each year.

Read more:
Amex Gold card review

Best cash-back credit cards

5.
Wells Fargo Propel American Express

Welcome bonus: 30,000 points after you spend
$3,000 in the first three months — that’s $300 in cash back

Annual fee: $0

Cash-back earning: 3x points (cash back) on
eating out and ordering in, travel including flights, hotels,
homestays, and car rentals, gas stations, rideshares, and transit,
and popular streaming services

Other benefits: No foreign transaction fee

Read
more: Wells Fargo Propel review

6.
Chase Freedom Unlimited

Sign-up bonus: Earn 3% back on all purchases
in your first year up to $20,000 spent. After that earn 1.5% back
on everything.

Annual fee: $0

Cash-back/points earning: If you have a Chase
Ultimate Rewards card like the
Sapphire Preferred
, you can combine your cash-back points from
the Freedom Unlimited with the other card’s points to get more
value. So instead of just getting cash back, you could use your
points with travel partners like Hyatt and United.

Read
more: Chase Freedom Unlimited review

7.
Blue Cash Preferred® Card from American Express

Welcome bonus: $250 statement credit after you
spend $1,000 in the first three months

Annual fee: $95 

Cash-back earning: 6% back on select US
streaming services, and at US supermarkets on up to $6,000 per year
(then 1% back), 3% back at US gas stations and on transit including
taxis/rideshare, parking, tolls, trains, buses and more, 1% back on
everything else


Read more: Blue Cash Preferred card review

8.
Capital One Savor Cash Rewards Credit Card

Sign-up bonus: $300 cash back bonus when you
spend $3,000 in the first three months.

Annual fee: $0 for the first year, then $95

Cash-back earning: Earn unlimited 4% cash back
on dining and entertainment, 2% at grocery stores and 1% on all
other purchases 

Read
more: Capital One Savor card review

Having one card can help you maximize your rewards earnings, so
choose your card wisely and go all in to reap the benefits. 

Click
here to learn more about the best rewards credit cards of 2019


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Source: FS – All-Travel destinations-News
If you're looking to simplify your finances, consider using just one credit card. Here are 10 of the best picks for earning travel rewards or cash back