Best Visa credit cards for August 2022

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Millions of people worldwide own credit cards that use Visa’s state-of-the-art electronic payment network. While it doesn’t directly issue its own cards, Visa partners with other credit card issuers like Chase and Bank of America to offer the best Visa credit cards throughout the world. Whether you’re looking for a cash back card for everyday spending or a travel rewards card to use on your next vacation, you’ve got plenty of options with Visa. Check out Bankrate’s picks for the best Visa cards of 2022 from our credit card partners.

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BEST FOR CUSTOMIZABLE REWARDS

U.S. Bank Cash+® Visa Signature® Card

Reward rate
5

5% cash back on your first $2,000 in eligible net purchases each quarter on the combined two categories you choose.

3

5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Travel Center.

-1

1% cash back on all other eligible purchases.

1

1% cash back on all other eligible purchases.

Intro offer

$200 bonus

Annual fee

$0

Regular APR

16.74% - 26.74% (Variable)

Recommended credit

Good to Excellent (670 - 850)

The U.S. Bank Cash+® Visa Signature® Card is packed full of bonus rewards categories. It will take more than a little effort to track them all, but people who don’t mind strategizing to earn high rewards for all their purchases will enjoy having this card in their collection.
Pros
  • Multiple rotating and fixed bonus categories, which can make it easier to earn rewards quickly
  • The $200 sign-up bonus (after spending $1,000 within the first 120 days of account opening) increases the card’s first-year value
Cons
  • The $2,000 combined spending cap each quarter for your chosen 5% categories limits your ability to rake in rewards
  • Having to track and enroll in rotating categories can be a hassle for some
  • New! $200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening.
  • 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose
  • 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Travel Center
  • 2% cash back on one everyday category, like Gas Stations/EV Charging Stations, Grocery Stores or Restaurants
  • 1% cash back on all other eligible purchases
  • 0% Intro APR on purchases and balance transfers for the first 15 billing cycles. After that, a variable APR currently 16.74% – 26.74%
  • No Annual Fee
  • Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
  • Terms and conditions apply.

ADDITIONAL FEATURES

Purchase intro APR
0% Intro APR on purchases for the first 15 billing cycles.

Balance transfer intro APR
0% Intro APR on balance transfers for the first 15 billing cycles.

BEST FOR PERSONAL LOAN ALTERNATIVE

Upgrade Cash Rewards Elite Visa®

Reward rate
2.2

Earn 2.2% unlimited cash back on card purchases every time you make a payment

Intro offer

$200

Annual fee

$0

Regular APR

8.99% - 29.99% (Variable)

Recommended credit

Good to Excellent (670 - 850)

If you value having an incentive for making your credit card payments, you will find a lot to love with this card option. You’ll earn a competitive rate of 2.2 percent cash back on your purchases each time you make a payment. The card is also fairly affordable, skipping the annual fee, foreign transaction fees and many other common maintenance fees.
Pros
  • You won’t need to use your reward earnings to offset any maintenance fees.
  • You’ll earn a bonus after you open a Rewards Checking account and make three purchases with the card in your first 60 days.
Cons
  • The high end APR range is well above average. That could prove costly if you don’t have the credit needed to qualify for the lower range and you end up carrying a balance.
  • You won’t get a break on interest if you carry a balance since there are no intro APR offers on purchases or balance transfers.
  • $200 bonus on your Upgrade Card after opening a Rewards Checking account and making 3 debit card transactions within 60 days.*
  • New Feature: Pay your balance in full early each month and avoid interest with EarlyPay.
  • Earn 2.2% unlimited cash back on card purchases every time you make a payment
  • See if you qualify in seconds with no impact to your credit score
  • No Fees – $0 annual fees, $0 activation fees, $0 maintenance fees
  • Combine the flexibility of a card with the low cost and predictability of a loan
  • Access to a virtual card, so you can start earning while you wait for your card to arrive in the mail.
  • Contactless payments with Apple Pay® and Google Pay™
  • Mobile app to access your account anytime, anywhere
  • Enjoy peace of mind with $0 Fraud liability
  • *To qualify for the $200 welcome bonus, you must open and fund a new Upgrade Rewards Checking Account and make 3 debit card transactions within 60 days of your Upgrade Card account opening. The bonus credit will be posted to your Upgrade Card as a rewards credit within 1-2 billing periods following the third debit transaction on your Rewards Checking account. Your Upgrade Card must be in good standing to receive the bonus.

ADDITIONAL FEATURES

Purchase intro APR
N/A

Balance transfer intro APR
N/A

BEST FOR GROCERIES

Blue Cash Preferred® Card from American Express

Reward rate
6

6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).

1

6% Cash Back on select U.S. streaming subscriptions.

3

3% Cash Back at U.S. gas stations

0

3% Cash Back at U.S. gas stations

1

1% Cash Back on other purchases

Intro offer

$350

Annual fee

$95

Regular APR

16.24%-26.24% Variable

Recommended credit

Good to Excellent (670 - 850)

With generous rewards rates in family-friendly categories including purchases at U.S. supermarkets and U.S. gas stations, on-the-go families will have a hard time finding a more rewarding credit card.
Pros
  • The base reward program is uber-lucrative, making this card a good choice for people looking for long-term value.
  • You don’t have to keep track of rotating spending categories or enrollment deadlines.
Cons
  • There is no intro APR offer on balance transfers.
  • You won’t earn the extra rewards for grocery shopping at major superstores and wholesale clubs, as those don’t count as U.S. supermarkets.
  • Earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a fixed monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% intro APR for 12 months on purchases from the date of account opening, then a variable rate, 16.24% to 26.24%.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • $95 Annual Fee.
  • Terms Apply.

ADDITIONAL FEATURES

Purchase intro APR
0% on purchases for 12 months

Balance transfer intro APR
N/A

BEST FOR ROTATING CASH BACK CATEGORIES

Discover it® Cash Back

Reward rate
5

Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.

1

Plus, earn unlimited 1% cash back on all other purchases – automatically.

Intro offer

Cashback Match™

Annual fee

$0

Regular APR

13.49% - 24.49% Variable

Recommended credit

Good to Excellent (670 - 850)

The Discover it Cash Back is a popular choice for cash back rewards because of the rotating bonus categories. It’s an exciting way to earn cash back quarter by quarter and all year-round without committing to a set rewards category.
Pros
  • Discover will match the cash back you earn at the end of the first year.
  • There are a few cash back redemption options, including credit to your account and donations.
Cons
  • You must enroll to take advantage of the bonus categories each quarter.
  • There is a spending limit on your highest cash back category each quarter ($1,500 in combined purchases per quarter).
  • Intro Offer: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • New! Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
  • Every $1 you earn in cash back is $1 you can redeem.
  • New Intro APR: Get a 0% intro APR for 15 months on purchases. Then 13.49% to 24.49% Standard Variable Purchase APR applies, based on credit worthiness.
  • No annual fee.

ADDITIONAL FEATURES

Purchase intro APR
0% for 15 months

Balance transfer intro APR
0% for 15 months

BEST FOR UP TO 2% CASH BACK

Citi® Double Cash Card

Reward rate
2

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

Intro offer

$200 Cash Back

Annual fee

$0

Regular APR

16.24% - 26.24% (Variable)

Recommended credit

Good to Excellent (670 - 850)

If you make your payments on time each month, it’ll be tough to find a better cash back card than the Citi Double Cash Card. With healthy financial habits, this card effectively becomes a 2 percent flat-rate cash back card (1 percent when you make purchases and another 1 percent when you pay your bill), a rare find in the cash back market.
Pros
  • You can convert your cash back earnings to Citi ThankYou points when paired with a card like the Citi Premier® Card, which can be redeemed for travel, gift cards and more.
  • There are no spending category restrictions or rotating categories
Cons
  • Your rewards can expire with this card if you don’t use it for a year.
  • The sign-up bonus spending requirement is higher than you’ll find on many no-annual-fee cash back cards.
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 16.24% – 26.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

ADDITIONAL FEATURES

Purchase intro APR
N/A

Balance transfer intro APR
0% intro for 18 months on Balance Transfers

A closer look at the best Visa credit cards

Chase Sapphire Preferred: Best for sign-up bonus

  • What we love about the Chase Sapphire Preferred: Its rewards rates make it a great fit for travelers and foodies alike. Plus, your points are worth 25 percent more when redeemed for travel through the Chase Ultimate Rewards portal.
  • Who is this card good for: People new to the world of travel credit cards. Cardholders will earn flexible travel points that are easy to earn if you dine out and travel and are simple to redeem.
  • Alternatives: If you’re a traveler looking to earn rewards in more categories, the Citi Premier® Card is another mid-level travel card that is a decent choice for travelers. The Sapphire Preferred has a slightly lower APR and earns rewards at a higher rate than the Citi Premier. Still, Citi Premier cardholders will earn 3X points at gas stations and restaurants, as well as air travel purchases.

Chase Freedom Unlimited: Best for drugstore purchases

  • What we love about the Chase Freedom Unlimited: This card not only earns cash back at a solid rate on travel, restaurant and drugstore purchases, but also offers a boosted flat rate on all other purchases — a rare combination. That makes it especially valuable and flexible as a standalone rewards card.
  • Who this card is good for: Travelers who dine out often or shop frequently at drugstores and are looking for a flexible, low-cost rewards card that lets you redeem for both travel and cash back without sacrificing point value.
  • Alternatives: The Blue Cash Preferred® Card from American Express is a great option if you need a card that earns rewards on groceries. The card earns 6 percent cash back at U.S. supermarkets (on up to $6,000 per year, then 1 percent after that) — easily the highest cash back rate available in that category. And while it charges a $95 annual fee, this cost should be easy to offset via everyday spending.

Bank of America® Travel Rewards credit card: Best for diverse travel reward categories

  • What we love about the Bank of America® Travel Rewards Credit Card: The broad definition of travel purchases means that cardholders can earn travel rewards at amusement parks, zoos and campgrounds—among other places.
  • This card is best for: Travelers who want to earn rewards for their adventures closer to home. This card is great for Bank of America customers who want to earn travel rewards with road trips and attractions, not just getaway trips overseas.
  • Alternatives: The Discover it® Miles card is a solid alternative to the Bank of America Travel Rewards Credit Card. Especially for travelers who may carry a balance month to month as the APR is slightly lower (13.49 percent to 24.49 percent variable) than the Bank of America Travel Rewards Credit Card’s APR 16.24 percent to 26.24 percent variable APR)
Creditcard's Insight

U.S Costco warehouse locations and U.S Costco gas stations exclusively accept Visa cards.

What is Visa?

Visa is a payment network utilized by many credit card issuers and banks. Payment networks are needed to facilitate an electronic transaction of funds between buyers and sellers, and they generally charge a small fee for each transaction.

While Visa technically acts as the facilitator for all payments made with a Visa credit card, it is not a credit card issuer or bank. It simply provides the payment network technology that credit card issuers and banks use for all cards.

Visa is at the top of the payment processing industry as the largest of the four major U.S. credit card networks. If you have a debit, credit or prepaid card in your wallet, there’s a good chance that the card is partnered with Visa.

With over 1 billion credit cards in circulation worldwide (an estimated 798 million outside the U.S.), Visa’s international presence is undeniable. Their cards are accepted in over 200 countries and can be used with over 10 million merchants in the United States. In 2020, Visa’s worldwide credit payments totaled nearly $2 trillion, according to Creditcards.com Market Share Statistics.

Pros and cons of Visa credit cards

  • Worldwide acceptance. Visa cards are accepted in over 200 countries and territories, making it one of the most widely accepted payment networks in the world.
  • Travel benefits. The Visa benefit tiers feature an array of travel-related perks ranging from roadside dispatch at the lowest tier to lost luggage reimbursement at the highest tier.
  • Straightforward benefit tiers. There are three Visa benefit tiers: Traditional, Signature, and Infinite. Having only three tiers can make understanding benefits a bit easier, though you’ll have to carefully review the specific benefits that come with your card.
 
  • High annual fees on certain cards. Visa cards can come with annual fees ranging from $35 to over $500. There are also plenty of Visa cards that do not charge an annual fee, though the reward offers on these cards may not be as luxurious.
  • More focus on travel protection, less on discounts/experience. Competitors like Mastercard feature travel experience benefits like airport concierge service, a feature that isn’t offered at Visa Signature or Infinite tiers.
Creditcard's Insight

Visa is the largest of the four major U.S. credit card networks, processing 206 billion payments and transactions within the last year.

Why choose a Visa card?

Visa is one of the most widely accepted payment networks in the world. If you have a Visa credit card in your wallet, you can rest easy knowing that your card could be accepted by retailers all over the globe. Other payment networks can operate a bit differently. For example, Discover and American Express both process transactions and issue their own cards.

Mastercard is Visa’s major competitor. In fact, Visa and Mastercard dominate the payment processing industry in the U.S. According to the Nilson Report, both companies have had continued high-volume success, with Visa accounting for $1.94 trillion in credit card purchases in 2020 and Mastercard reaching $837 billion.

How to choose the best Visa credit card for you

Choosing a Visa credit card is the same as choosing the best card for you from any credit card network. You should find the one that suits your overall financial situation best. Visa has partnered with several issuers to offer a vast selection of credit cards, so you’re sure to find one that meets your needs no matter what your spending habits are.

Who should get a Visa card?

The key to picking a credit card is finding one that aligns with your financial needs and spending habits. Visa is a large network and partners with credit card issuers on many different types of cards, including rewards cards, credit-building cards, balance transfer cards and more.
There are plenty of credit card options for business owners in Visa’s network, many of which charge no annual fee and offer rewards on common business purchases. The Ink Business Unlimited® Credit Card is one option that offers a solid welcome bonus ($750 cash back if you spend $7,500 within the first three months of account opening) and rewards everyday spending (1.5 percent cash back on all purchases).
Frequent travelers will have no difficulty finding a Visa card that fits into their rewards strategy and rewards purchases in everyday categories like dining and grocery shopping. The Chase Sapphire Preferred card is a great choice if you can afford the $95 annual fee or feel confident you’ll offset it with the rewards you’ll earn in the card’s boosted categories. But if you want to avoid annual fees, a great alternative is the Bank of America® Travel Rewards credit card which earns an unlimited 1.5X points per dollar on all purchases with no annual fee.
Students and those who are new to credit or building credit are likely to benefit from at least one Visa credit card. A great option is the Petal 2 “Cash Back, No Fees” Visa Credit Card which earns 1 percent back on all purchases but incentivizes on-time payments by offering 1.5 percent back after you make 12 months of on-time payments. This can promote financial responsibility and ease cardholders into positive credit habits that can help them build credit.
Visa’s network includes several cards that are great for earning rewards on groceries, dining, gas, travel and other everyday spending categories. These categories make up the majority of the average person’s spending each year and high rewards rates in these categories can help you make the most of your Visa credit card.The Bank of America® Customized Cash Rewards Credit card is a great choice if you’re looking for an easy way to earn rewards in multiple everyday categories. Cardholders can choose an eligible category that will earn 3 percent back (includes dining and gas stations) while also earning 2 percent back on grocery and wholesale club purchases automatically without category enrollment. Although both the card’s 3 percent and 2 percent rewards rates are capped at a combined $2,500 in quarterly spending, it could be a great Visa card for moderate spenders

Choosing the best Visa credit card means deciding what you want from a card in general. Of the many cards in the Visa network, one should fit your needs.

Still unsure if a Visa credit card is right for you? Check out our Credit Card Spender Type Tool where you can get personalized credit card recommendations based on your credit score, spending habits and daily needs.

What are Visa’s benefit tiers?

All Visa cards fall under one of three benefit tiers: Traditional, Signature and Infinite. Each card tier differs in the level of protections and benefits offered, but the exact benefits that come with your card will be determined by your card issuer.

Visa Traditional

Visa Traditional is the base level benefits tier. If your Visa card simply says Visa then you likely have Visa Traditional benefits and are covered for:

  • Emergency card replacement
  • Emergency cash dispersal
  • Lost or stolen card reporting
  • Zero liability protection
  • Auto rental collision damage waiver
  • Roadside dispatch

Visa Signature

Visa Signature is the mid-level benefit tier. It includes cards like the Chase Sapphire Preferred Card and offers fewer benefits than the Visa Infinite tier, but more than the Traditional tier. Visa Signature includes everything covered in Traditional plus:

  • Warranty Manager Service
  • Year-end budget summary
  • Travel and emergency assistance services

Visa Infinite

Visa Infinite cards, like the Chase Sapphire Reserve, provide cardholders with the highest level of protections and perks. Visa Infinite covers everything covered by Visa Signature plus:

  • Trip cancellation coverage
  • Return Protection
  • Travel emergency and accident coverage
  • Lost luggage reimbursement

It’s worth checking the terms and conditions of your Visa card to see what you’re covered for. While Visa designates benefit tiers and includes a list of perks available in each tier, not every card issuer offers those benefits. For instance, you may carry a Visa Signature card, but whether that card comes with all Visa Signature benefits will be at the discretion of your card issuer —not Visa.

Visa vs. Mastercard: what’s the difference?

Visa and Mastercard are two of the four major credit card processing transaction networks. Unlike the other two processing networks, Discover and American Express, Visa and Mastercard don’t issue credit cards. Instead they both partner with financial institutions like banks that do issue credit cards and debit cards.

However, there aren’t many overt differences between Visa and Mastercard. Most of the differences between any given Visa and Mastercard credit card will be based on which financial institution issues the card.

In the news: Visa rolls out a hike in merchant fees

According to a report released by the Wallstreet Journal , Visa plans to increase its merchant fees. The fee increase—initially set to take place in 2020 but stalled by the pandemic—comes soon after the Federal Reserve’s recent rate hike. The increases are expected to impact most online and in-person purchases made with Visa cards. The most significant increases will be seen in purchases made with premium travel cards and at grocery stores.

These fee hikes are technically directed at merchants—and they will likely push back on the fees. The Merchant Payment Coalition is currently lobbying Congress to put a stop to the fee increase. If merchants don’t see a reduction in fees, consumers are likely to see more surcharging while they shop.

How we chose our top-rated Visa cards

Bankrate’s personal finance experts have evaluated the top Visa credit cards according to our 5-star rating system. The list of criteria for rating credit cards includes:
Rewards

Whether the card offers cash back, travel points/miles or multi-purpose rewards for eligible purchases and the potential returns based on rewards rate (1 percent cash back per $1 spent, 1 mile per $1 spent, and so on).

Perks and benefits

Whether the card offers extras such as retail discounts, extended warranties on purchases, travel insurance and financial management tools.

Annual fee

Whether the card charges an annual fee and if so, how much the card's overall value and benefits might offset the fee.

Introductory offers

Whether the card has a sign-up bonus, welcome offer or similar sign-up incentive and how much it adds to the card's overall value.

Variable APR

How the card's annual percentage rate (APR) compares with current averages as an indicator of cost and value.

Foreign transaction fee

Whether the card charges a foreign transaction fee for international purchases and how the fee affects the card's overall value.

Frequently asked questions

Visa is a transaction processing network and does not issue credit cards. While some payment networks, like Discover and American Express, offer their own credit cards, Visa works with issuers to offer cards to consumers.
The best Visa credit card for you will depend on your spending habits, which benefits interest you and your credit score. Luckily, there are a wide variety of Visa credit cards and there’s likely a great option for you available from a major credit card issuer.
Apply directly through the issuer of the card you’re interested in. You can do this in-person at some banks, online at the issuer’s website or through tools like Bankrate’s CardMatch™ tool.

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Financing.credit is an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which Financing.credit receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Other factors, such as our own proprietary website rules and the likelihood of applicants’ credit approval also impact how and where products appear on this site. Financing.credit does not include the entire universe of available financial or credit offers.

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