The 4 Best Credit Cards For Most People (Aug 2022)

August 11, 2022
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There are quite a few good credit cards out there, but some stand out above the rest for their impressive welcome bonuses and excellent rewards. In this post, I’m going to break down the 4 best credit cards of 2022, plus give some specific reasons for why they’re so valuable.

I recommend the American Express Cobalt Card as the #1 credit card of 2022 due to its low monthly fee and 30,000 points welcome bonus. If you’re looking for a more premium card, go with our #2 pick—the American Express Platinum Card—which offers a welcome bonus of up to 110,000 points, a $200 annual travel credit, and worldwide airport lounge access.

What Are The Best Credit Cards Of 2022?

#1 American Express Cobalt Card

The American Express Cobalt Card has generated a lot of buzz since its fall 2017 debut, and for good reason. $12.99 per month for a card that gives you 5X points on food and beverage purchases and 2X points on travel transactions anywhere across the world is an outstanding offer.

Of course, as is typical with American Express through its other incentives—such as the Platinum Card and the Business Platinum Card—there’s much more to the Cobalt than meets the eye.

The American Express Cobalt Card is targeted toward millennials and near-millennials, so if you fall into one of these categories, we suggest that you consider it. With a 30,000 MR point welcome bonus, a 5X earn rate on eligible eats & drinks (including spending on groceries, food delivery, restaurants), it’s a great value.

#2 American Express Platinum Card

The redesigned American Express Platinum Card now has an enticing new October offer with worldwide airport lounge access, a $200 yearly travel credit, platinum hotel memberships, travel medical insurance, a sleek metal card, and a welcome bonus of up to 110,000 MR points.

There are four special benefits to mention about the American Express Platinum Card:

#1: Platinum Lounge Benefit (Priority Pass)

In addition to the 110,000 Membership Rewards points you can earn with your Amex Platinum Card, you’ll also get access to 1,200+ airport lounges around the world.

#2: $200 Annual Travel Credit

This is what it sounds like: you get $200 every year to spend on travel. In the last three years, I used my $200 travel credit on a flight to Asia, South America, and Europe.

#3: Hotel Elite Statuses

Amex Platinum also improves your hotel status with a few chains. This means you’ll enjoy special perks like early check-in and late check-out, complimentary breakfasts, and so on.

#4: American Express Front Of The Line

Front of the Line is a program that gives American Express Cardmembers early access to tickets and reserved seating at concerts, musicals, sports events, and much more. The Front of the Line name says it all: you get access to tickets to the biggest shows (think Justin Bieber and Beyoncé) before anybody else.

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#3 American Express Marriott Bonvoy Card

The Marriott Bonvoy™ American Express Card is the finest travel credit card. It comes with a fantastic 75,000-point welcome bonus (required spend: $1,500), an additional free hotel night each year after the first year, and comprehensive travel insurance.

Even for modest travelers, the Marriott Bonvoy Card carries an affordable annual fee of $120 and pays for itself many times over. Even if you intend to stay in a hotel just once a year, the Marriott Bonvoy Card delivers outstanding value every year.

The 75,000-point welcome bonus (plus a $100 statement credit) is impressive. On top of that, the Marriott Bonvoy program is one of the most adaptable travel rewards systems available, right up there with American Express’s own Membership Rewards system.

The card, on the other hand, is not just for hotels—it also has numerous advantages for travelers. Whether you’re using your points to book a flight or getting covered by the card’s travel insurance, there’s a lot to appreciate about the Marriott Bonvoy Card.

#4 American Express Gold Rewards Card

The American Express Gold Rewards Card is once again available in Canada, with a sign-up bonus of up to 70,000 MR points, four annual visits to the Plaza Premium Lounge, and trip cancellation insurance.

The American Express Gold Rewards Card’s annual fee has climbed from $150 to $250 as part of this makeover.

The Gold Rewards Card justifies its $100 annual fee hike with a new feature: a $100 annual travel credit, similar to the Platinum Card’s $200 yearly travel credit.

The new Gold Rewards Card will be a metal card with the same iconic hue as previous versions. If their present card’s expiration date passes or if they lose their current card, existing cardholders will get a new metal card.

When the Gold Rewards Card reopens, new users will have the option of choosing a new Rose Gold color as well as the standard Gold finish.

There are quite a few good credit cards out there, but some stand out above the rest for their impressive welcome bonuses and excellent rewards.

I recommend the American Express Cobalt Card as the #1 credit card of 2022 due to its low monthly fee and 30,000 points welcome bonus. If you’re looking for a more premium card, go with our #2 pick—the American Express Platinum Card—which offers a welcome bonus of up to 110,000 points, a $200 annual travel credit, and worldwide airport lounge access.

Best Credit Cards In Canada FAQs

What’s the best business credit card in Canada?

The best business credit card in Canada is the American Express Business Platinum Card, which currently offers an incredible welcome bonus of up to 110,000 MR points, which I value at $2,200 – $3,300.

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