Best Credit Cards of April 2022: Reviews
This month, we have compiled a list of the best Credit Cards of April 2022 for credit professionals, according to five notable sources. These sources include Forbes, CardRatings.com, MoneyGuidePro, and WalletHub.
Lowe’s Credit Cards:
Lowe’s is a privately-held company and the third-largest home improvement retailer in the United States and Canada also one of the best Credit Cards of April 2022, with approximately $70 billion in sales. They have over 2,300 stores and 46 distribution centers. The company has announced a number of expansions projects and plans to open approximately 25 stores each year through 2022. They are committed to continually improving customer service and delivery speeds. “Whether you’re looking to spend time outdoors, improving your home or entertaining family and friends, Lowe’s is the place for you,” the company website says.
- Why it’s popular:
Lowe’s Credit Card is the best Credit Cards of April 2022Credit Card for April 2022 because it has an attractive points and rewards program that provides more opportunities for shoppers to earn rewards. The card gives you:
- Up to $400 in extra rewards after purchases made online and in stores.
- $15 in statement credits per month when you pay your bill on time.
- $60 in statement credits per year if you maintain a 15 percent to 30 percent on-time payment rate.
- $100 after you spend $3,000 on purchases in your first three months.
American Express Membership Rewards
American Express Membership Rewards is the award-winning frequent flyer program for American Express. It was first launched in 2008 and has been well-received by its members. It is similar to SkyMiles in that it offers a points structure that you must meet to earn the miles. The program is open to residents of the United States and Canada.
- Why it’s popular:
The Membership Rewards program offers two points per dollar spent on eligible purchases. In addition to its reciprocal points program with American Express, the program has partnerships with nearly 100 partner airlines, including United, Southwest, British Airways, and Iberia. Amex has also expanded to Asia, Australia, and Latin America.
Chase Sapphire Reserve
Chase Sapphire Reserve is the flagship product of Chase’s premium rewards card line. It has excellent points and benefits, including $300 in annual credits toward travel (or dining and shopping). The card gives you the following:
- 3 points per dollar on all travel and dining purchases.
- 5 points per dollar on flights purchased through Chase, including flights operated by a Chase-branded airline.
- 10 points per dollar on all purchases at The Stationery Store.
- 25 points per dollar on all purchases at Nordstrom (JWN) stores.
- 100 points per dollar on purchases through Untuckit.
Plus, Chase is offering a limited-time promotion that includes 50,000 bonus points after spending $4,000 in the first three months after opening the account. In addition, there is a 30-day grace period. This card is a “no annual fee, no foreign transaction fees” card, but there is a $300 initiation fee and a $95 annual fee.
- Why it’s popular:
Chase Sapphire Reserve is one of the most powerful travel rewards cards and best Credit Cards of April 2022. It has a relatively high annual fee, but this is waived for the first year and will cost you $450 after the first year. In addition, this card provides annual travel credits of $200 to $400 based on how you use the card. The card has a large sign-up bonus and exceptional cash-back benefits, making it a solid choice for those who pay their credit cards in full every month.
Marriott Rewards
Marriott is the largest hotel chain in the world and has 12 brands with more than 6,500 properties around the globe. Cardholders can earn hotel and air miles. As a reward for a qualifying stay, customers earn points and miles toward free nights in one of the company’s hotels. The Marriott Rewards Credit Card is a membership-based, fee-free card for travel, dining, shopping, and streaming services.
- Why it’s popular:
Marriott Rewards has a very high-profile best Credit Cards of April 2022 that provides customers with the chance to earn free nights. The card also rewards customers for making purchases and paying their bills on time. Plus, the card provides travelers with an annual credit of:
- Up to 30,000 points for the first night in a qualifying property;
- Up to 30,000 points for qualifying purchases at properties including The Ritz-Carlton, The Westin, St. Regis, and JW Marriott hotels;
- Up to 15,000 points after spending $15,000 in purchases in a calendar year;
- Up to 10,000 points after spending $4,000 on a qualifying, eligible charge card in a calendar year.
Chase Sapphire Preferred Card
Chase Sapphire Preferred Card is a credit card that you can use to earn rewards on purchases you make in stores, online, or on mobile devices. It Preferred cardholders get:
- Up to 100,000 bonus points after you spend $4,000 on purchases in the first three months.
- 40,000 bonus points if you spend $4,000 on purchases in the first three months;
- 5,000 points after you spend $3,000 on purchases in the first three months.
- If you spend $5,000 in the first three months, you will earn the 100,000 points offer in the first year.
Other perks of the card include:
- Access to 5x points on travel;
- 50,000 points after your first year if you renew your card;
- 50,000 points after the third year if you renew your card;
- No foreign transaction fees.
- In addition, Cardmembers can earn:
- 5x points on direct flights purchased with United Airlines;
- Free checked bags on United Airlines;
- Free in-flight Wi-Fi on all flights;
- 20,000 points for every $1,000 spent on dining, hotels and entertainment through Chase Premier Dining;
- Discounts on car rentals through Chase Ultimate Rewards;
- $150 travel statement credit for purchases made with the card in the first three months;
- In some cases, a statement credit is issued to Cardmembers for those who have spent $3,000 or more in the first three months, after which point the credit is rolled into the points balance and will never expire.
- Why it’s popular:
Sapphire Preferred is one of the most lucrative rewards cards on the market. The card also provides perks including:
- 3x points on airfare purchased with United Airlines;
- Discounts on car rentals through Chase Ultimate Rewards;
- 20,000 points for every $1,000 spent on dining, hotels and entertainment through Chase Premier Dining;
- In some cases, a statement credit is issued to Cardmembers for those who have spent $3,000 or more in the first three months, after which point the credit is rolled into the points balance and will never expire.
SkyMiles
SkyMiles is a frequent flyer program for American Airlines. The program has a points structure that you must meet to be eligible for certain levels. The program has seven membership levels: Business+, Premier, Executive, First, MasterCard Executive, Air France/KLM/Citibank/UBS Rewards. You must be a SkyMiles member to earn points and frequent flyer miles. Membership levels are also available to those with SkyMiles credit cards.
- Why it’s popular:
SkyMiles has an impressive loyalty program that is highly regarded in the frequent flyer community. Membership cards for the program are available through American Express (AXP), Capital One (COF), Chase (JPM), Citi (C) and HSBC (HSBC).
Costco
Costco was the first membership warehouse club. The company, founded in 1983, is the world’s largest membership warehouse club. It has about 830 stores worldwide. It sells a large variety of products including food, apparel, books, electronics, and more. The company also has a credit card that is similar to the Lowe’s cards mentioned above.
- Why it’s popular:
Costco has many favorable points and rewards program attributes that make it popular with consumers. It has the largest selection of products compared to other warehouse clubs and gives its members money back for their membership fees. Costco also offers an investment plan for its members. If you wish to see all of the benefits that are available to members, you can visit the Costco Benefits Guide. The Costco Cash Card gives you 5 percent back on Costco purchases and rewards members with 1.5 percent back on non-store purchases. Costco’s credit card is in high demand for its low APR (yes, they pay less interest than other credit cards).
Home Depot
Home Depot is the second-largest home improvement retailer in the United States. They have over 2,200 stores, including franchises. The company reported more than $68 billion in annual sales in 2016, and generate over $96 billion in retail sales each year. They are committed to improving their customers’ satisfaction by providing a safe environment and courteous customer service.
- Why it’s popular:
Home Depot offers consumers two products — Home Depot Cash Cards and American Express credit cards. The Cash Card offers an interest-free introductory period of 12 months with no foreign transaction fees. After the introductory period, the card requires a $3-per-charge APY. You can earn 2 percent cashback in points after making purchases at Home Depot, plus one cent per dollar spent on eligible purchases. If you use the American Express card, you can earn 1.5 percent cashback in points and 1 cent per dollar spent on eligible purchases.
Sam’s Club
Sam’s Club is a warehouse chain that caters to both large and small businesses. The company is privately-held and serves more than 600,000 members. It boasts having the largest collection of private label brands, which makes it a popular place to shop for the holiday shopping season. With an annual membership of $45, Sam’s Club is the cheapest membership at this list.
- Why it’s popular:
According to WalletHub, Sam’s Club members have been loyal to the company. They say the Sam’s Club Credit Card is popular because it provides unlimited 1.5 percent back in rewards on purchases of gas, groceries, and department and warehouse store items. Members can also earn an additional one percent back when they shop for membership items.
Lowe’s Home Improvement
This month’s third-place winner, Lowe’s Home Improvement is the nation’s second-largest home improvement retailer. They serve more than 60 million customers each week in the United States. They operate on a 4,600-store and 2,390 warehouse distribution system. The company reported annual revenue of $68.4 billion in 2017.
- Why it’s popular:
The Lowe’s card gives you up to 5 percent back in rewards on purchases at Lowe’s and 2 percent back on purchases at other stores. The card can be used to cover payments to a retailer’s card in a similar program.
Amazon Prime
It’s no wonder Amazon’s Prime membership is the most popular one in the U.S. This year, the company reported $3.4 billion in sales from Prime members. The annual cost of Prime membership is $119. According to WalletHub, Prime members are 62 percent more likely to shop at Amazon than non-members.
- Why it’s popular:
This is the most obvious reason — Prime offers a great variety of benefits to members. These include free two-day shipping on most items purchased on Amazon, access to Prime Now, one-hour delivery service available in select cities, and free streaming of music, movies, and TV shows. The perks for Prime members continue with exclusive offers and other discounts.
While a popular card, the Uber Visa Platinum Cashback Card earns one percent back in rewards on all purchases. However, the Uber Visa Gold Credit Card is the highest in terms of APY, paying 2.5 percent in rewards and offering 0 percent APR for the first 15 months on purchases.
Both cards have the Uber logo embossed on the front and gold highlights along the edges. Cardholders can earn unlimited 1.5 percent cash back in rewards on Uber rides and Uber Eats orders. Uber also offers bonus points for purchases of up to $10,000 and discounts on pre-paid travel programs, including UberFlights, UberX, and UberXL.
Conclusion
The credit card industry offers huge credit rewards to its customers. The number of credit cards in the market has grown substantially in the last few years. In the last few months, credit card issuers have started offering attractive rewards. In this article, we have shared details of some of the most popular Credit Cards of April 2022. There are some excellent reasons to apply for them. If you are a low-income earner, it is not possible to compare the rates mentioned here with the current card rates. Many cards that are available are the same as the present ones.
