Smart Buying

New Perks From Our Best Rewards Cards

No annual fee, new tiered rewards and more cash back are some of the offerings.

Credit card companies have been changing annual fees and beefing up rewards—or plan to roll out new cards later this year and next. Some of the changes affect some winners in our annual Best Rewards Credit Cards

Good news for anyone considering the Alliant Cashback Visa, which won silver in our Flat-Rate Cash Back (Worth the Fee) category: There’s no longer a $99 annual fee. There’s also a new tiered rewards program with no cap on rewards. Before, rewards were capped at $250. Now you can earn either 2.5% cash back on all spending up to $10,000 (with purchases after that earning 1.5%) or 1.5% overall if you don’t qualify for tier-one rewards status. (See www.alliantcreditunion.org for details.) Current cardholders have automatically been enrolled in tier-one rewards to give them time to set up an Alliant high-rate checking account, which is a requirement to qualify for tier-one status.

Chase now allows holders of most of its co-branded travel cards to sign up for a free one-year DashPass membership that also comes with some reduced service fees. The cards on our best list eligible for the deal include the Southwest Rapid Rewards Priority Visa, Marriott Bonvoy Boundless Visa and World of Hyatt Visa.

The Capital One SavorOne Mastercard, which took silver in our Dining Rewards category, increased cash back on grocery purchases from 2% to 3% and now pays 3% on eligible streaming services, such as Net­flix, Hulu and Disney+. Subscriptions and purchases from Amazon Prime, AT&T TV and Verizon FIOS On Demand are excluded.

The American Express Platinum card (silver in Premium Travel Rewards) is raising its annual fee to $695 on January 1. But cardholders will now get an annual statement credit of $179 for a membership to CLEAR, the airport security clearance network. Cardholders can also earn up to $240 a year on subscriptions to the New York Times, Peacock, Audible and SiriusXM, along with other perks.

Most Popular

Don’t Be Tricked Into Voluntarily Paying Higher Taxes on Your IRA
IRAs

Don’t Be Tricked Into Voluntarily Paying Higher Taxes on Your IRA

Traditional IRAs are set up in a way that basically incentivizes you (and your heirs) into paying the highest tax bill possible. Don’t fall for it. Co…
July 4, 2022
Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
The 15 Best Stocks for the Rest of 2022
stocks to buy

The 15 Best Stocks for the Rest of 2022

The lesson of the past two years: Be ready for anything. Our 15 best stocks to buy for the rest of 2022 reflect several possible outcomes for the seco…
June 21, 2022

Recommended

Financial Advice from America’s Founding Fathers
credit & debt

Financial Advice from America’s Founding Fathers

What money-management guidance can we glean from the words — and experience — of Benjamin Franklin, Thomas Jefferson, Alexander Hamilton and others?
June 30, 2022
When Will Student Loans Be Forgiven?
Paying for College

When Will Student Loans Be Forgiven?

Millions of Americans are waiting for the Biden Administration’s next hint, which could come later this summer, at how he’ll address the student loan …
June 27, 2022
Strategies to Pay Down Your Credit Card Debt
Making Your Money Last

Strategies to Pay Down Your Credit Card Debt

Consider these smart strategies to eliminate or reduce what you owe.
June 17, 2022
Is a Recession Coming?
Smart Buying

Is a Recession Coming?

With a lot of recession talk out there, we might just talk ourselves into one. We take that risk with Jim Patterson of The Kiplinger Letter. Also, dol…
May 31, 2022