Which Credit Cards Have Double Rewards?

Which Credit Cards Have Double Rewards?

September 14, 2020         Written By Heaven Speirs

Credit card rewards are a critical element of card selection. Consumers want low fees and interest rates, but what they really want is great rewards. Many points credit cards and cash back credit cards offer a 1:1 rewards ratio per dollar spent on the card. However, there are a lucky few out there that offer double, triple, or even quintuple awards! Read on to learn which credit cards have double rewards.

Top Credit Cards with Double Rewards

Some credit cards offer double rewards as a temporary promotional offer, while others provide lucrative rewards all year long. Check out these credit cards with double rewards to find the perfect card for you.

Featured Good Credit Card

Top Features:

No fees whatsoever. No late fee, international fee, annual fee, or any-other-kind-of-fee, fee

 

ABOC Platinum Rewards Mastercard®

The standard rewards program for the ABOC Platinum Rewards Mastercard® offers 1 point per $1 spent, but, you can earn 5X rewards in select categories every quarter! The categories change throughout the year, but they include utility payments, dining, travel, department stores, online retailers, and more. You can earn 5 points per $1 for up to $1,500 worth of purchases each quarter. Rewards outside of the revolving category will still earn 1 point per $1.

The ABOC Platinum card has no annual fee and a 25-day grace period for payments. If you pay off your balance within that time, you can avoid the 12.90% - 22.90% (variable) variable APR. Thankfully, there is 0% APR on the card for the first 12 months, and you can earn a $150 statement credit if you spend $1,200 on the card in the first 90 days. The card is smart chipped and comes with no foreign transaction fee, making it a perfect choice for travel.

 

 

 

Honorable Mention: Petal® Visa® Credit Card

The Petal® Visa® Credit Card doesn’t technically offer double rewards, but it does have a rewards program that’s worth mentioning. This card’s unique rewards structure increases with positive payment history. If you make on-time payments for 6 months straight, the cashback rewards jump from 1% to 1.25% per $1. After 12 months of on-time payments, the rewards increase to 1.5% cashback per $1.

This card is an excellent option for applicants with no credit history. Petal will take into account your other bill payments if there is no credit file to review. Card limits range from $500 to $10,000, and there are no fees of any kind on the card (annual fee, late payment fee, monthly fee, etc.). The Petal credit card has an APR of 12.99% to 29.49% Variable and it does not offer cash advances or balance transfers at this time.

How to Choose the Best Rewards Card for Your Needs

Now that you know which credit cards have double rewards, you need to think about the big picture. Are the rewards worth the fees on the card? Are there even better rewards for your lifestyle and spending habits? Here are some factors to keep in mind:

  • How you spend money on your credit card: If you mostly use your card for dining and fuel purchases, look for a rewards credit card that offers double rewards in that category. Having a high-paying rewards program doesn’t mean much if you can’t actually benefit from the rewards offer.
  • The types of rewards you’ll use most: If you travel frequently, and airline rewards card may be a great option for you! If not, look into cashback rewards cards or points rewards that correspond with your favorite merchants.
  • How the fees compare to the rewards: This can make or break the value of the rewards program. If you only earn $50 in travel credits each year, a $95 annual fee would negate your rewards. Review all the features on the card, not just the rewards program.
  • Upcoming travel plans: If you plan to use your credit card for international travel, make sure it features no foreign transaction fee. On average, this fee can add 3% to your foreign purchases, which quickly adds up on a big trip. If you can get a card with free TSA Pre✓® or Global Entry, that’s even better.
  • How likely you are to qualify for the card: Many double rewards credit cards require good or excellent credit for approval. If you know your credit is less-than-ideal, you may opt for an entry-level credit card that can boost your score over time. For applicants with no credit history whatsoever, the Petal® Visa® Credit Card is a fantastic rewards credit card that builds credit.

Read Your Credit Card Terms Closely to Understand Your Rewards Program 

If you find a credit card with double rewards that aligns with your needs, read the card terms closely. You want to make sure the rewards program is not an introductory offer. Also, be aware that many rewards credit cards have revolving rewards categories. That means that you earn extra rewards for certain types of spending at different times of the year. These cards can pay off tremendously, but only if you’re aware of the revolving categories.

If you plan to add an authorized user or employee to your credit card account, see if those purchases will qualify for rewards. If not, that may limit how much you can earn on the account. Make note of any exemptions for the rewards programs, such as cash advances, alcohol purchases, returned merchandise, etc. It’s standard for these transactions to be exempt from rewards, but you need to be aware of exactly what your card offers.

Double Your Credit Card Rewards by Using a Mobile Wallet

Have you ever tried coupon stacking? That happens when you use a coupon for an already-discounted product or use two coupons for the same purchase. The result is additional savings without additional spending, and that’s exactly what you could achieve with mobile wallet rewards.

By using your rewards credit card on Samsung Pay, Apple Pay, or other mobile wallets, you have the chance to ‘stack’ your rewards. For instance, Chase cardholders can earn Chase Ultimate Rewards and Samsung Rewards by using their credit card through Samsung Pay. The Apple Card comes with 2% cashback when using Apple Pay. You can earn extra rewards for the purchases you’re already making. You just have to learn the system.

More Ways to Earn Extra Credit Card Rewards

In addition to using mobile wallets and spending money in your card’s rewards categories, there are some easy ways to maximize your credit card rewards. Try these simple hacks for double credit card rewards:

  • Use your credit card for your everyday purchases. Instead of using your debit card for everything, save that money and use your credit card. When your bill comes in, pay off the balance with the money from your bank account. You’re not out any interest, and you’ve now expanded your rewards opportunities!
  • Upgrade to a better rewards credit card. If you’re unhappy with your current rewards offers, consider upgrading to a new card. You may even be able to get a card from the same card issuer, just with lower interest and better rewards. As long as you’ve had at least 6 months of on-time payment history, you have the leverage to request better rewards.
  • Set phone calendar reminders about revolving category changes. If you have a rewards card with revolving categories, set phone reminders for when the transitions occur. Then you can adjust your card usage to match the rewards offers.
  • Use your rewards to get new rewards. Some cards will allow you to earn cashback or rewards points even if you use your rewards to make a purchase. For example, let’s say you have $100 in travel rewards that you use toward a $300 plane ticket. You could still earn rewards on the full $300 purchase, not just the $200 you covered out of pocket. This turns your credit card into the gift that keeps on giving.

Instead of splitting the bill, offer to charge it to your card. If you’re going to split the bill for a meal or mutual purchase, you could pay for the full purchase upfront. Then have your friend give you cash or send the money through a peer-to-peer payment app. Of course, you should only do this with trusted friends and family members so you’re not stuck with a big bill. If it works out though, you could earn extra rewards from someone else’s purchases.

 

If you need help finding the right credit card, use the Low Cards Credit Card Selection Tool to get started. The process only takes a few seconds, and we’ll match you with the best credit card offers to meet your needs.

The information contained within this article was accurate as of September 14, 2020. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

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heaven

About Heaven Speirs

Heaven Speirs is a contributing writer for LowCards.com. She remains up-to-date with the latest developments in the credit card industry and the financial sector as a whole. Heaven has over 10 years of experience in online journalism, the bulk of which has been focused on personal finance. Heaven attended Oklahoma State University, where she discovered her talent for research and content creation. In her spare time, Heaven enjoys painting, playing poker, and spending time with her husband and three dogs.