1
Discover it® Cash BackDiscover
No Annual Fee•Cash Back•$1,500 cap
Requires Activation
Rotating (Quarterly)5.00%
effective return
2
No Annual Fee•Membership Rewards
4.00%
effective return
3
$95/year•Capital One Miles
3.70%
effective return
5
Capital One Venture X Rewards Credit CardCapital One
$395/year•Capital One Miles
3.70%
effective return
6
No Annual Fee•Chase Ultimate Rewards
3.00%
effective return
8
$195/year•Hilton Honors Points
2.50%
effective return
9
Capital One VentureOne Rewards Credit CardCapital One
No Annual Fee•Capital One Miles
2.31%
effective return
10
$95/year•Chase Ultimate Rewards
2.00%
effective return
Our Methodology
We rank cards by effective return percentage, calculated as:
Effective Return = Category Multiplier × Base Point ValuationThis normalizes points, miles, and cash back into a single comparable metric.