Top 10 Rewards Credit Cards for October 2018

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Looking for the best rewards credit card offers for October 2018? Each month we feature the best credit card offers on cash back cards, flexible rewards cards, and co-brand cards from some of our favorite airline and hotel loyalty programs. We do the legwork researching the best credit card deals as ranked by the AwardWallet team and assemble them in an easy to digest format in the table below, alongside why they make our top-ten.

When assessing the best credit card deals available to points and miles fans, we weigh up the current welcome offer, annual fee (or lack thereof), the ongoing value the card provides, and, to some degree, any special considerations such as application restrictions or transfer policies. The list includes a few limited-time offers, and although not every card features a monster 100K+ welcome bonus, we think these cards provide outstanding value.

Singapore Airlines new first class seat.

Best Rewards Credit Card Offers for October 2018

Credit CardEarning CategoryCurrent OfferAnnual FeeWhy It Makes The List
Ink Business Preferred℠ Credit CardSmall BizEarn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.$95Highest Ultimate Rewards signup offer available, useful 3x bonus categories for small business owners, affordable annual fee. Full card review.
Chase Sapphire Reserve®Flexible PointsEarn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.$450Stellar signup offer of 50K bonus points, offers a $300 travel credit, 3x Ultimate Rewards on travel and dining, provides tangible, valuable perks and travel protection. We break down the math to see if this is the right card for you.
Capital One® Savor® Cash Rewards Credit CardCash Back$500 Cash Back after you spend $3000 on purchases within 3 months from account opening$0 intro for first year; $95 after thatHigh-value welcome offer for a cash back card, particularly when you factor in you won't pay an annual fee for the first year. 4% back on dining and entertainment is a top return for both categories with no cap on the cash back you can earn.
Ink Business Unlimited℠ Credit CardSmall BizEarn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.$0Huge $500 cash bonus charging $0 annual fee, 1.5% cash back (1.5x Ultimate Rewards) on all purchases, if you hold an Ultimate Rewards earning card with an annual fee you can combine points for higher fixed redemption value and points transfer to travel partners. Full card review.
British Airways Visa Signature® CardAirline MilesEarn up to 120,000 bonus Avios$95Welcome bonus of up to 120,000 bonus Avios, combine points across Avios earning cards. Avoid paying high fuel-surcharges with Avios.
Hilton Honors American Express Ascend CardHotel Rewards125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Ascend Card after you use your new Card to make $2,000 in eligible purchases within the first 3 months of Card Membership. (Terms Apply)$95 (Rates & Fees)The best of the Hilton offers in our books. Cardholders receive Gold Elite status which qualifies you for free breakfast, 12x points on Hilton spend, plus a weekend free night when you spend $15K in a calendar year.
Barclaycard Arrival Plus® World Elite Mastercard® - See TermsFixed-Value Travel RewardsEnjoy 70,000 bonus miles after spending $5,000 on purchases in the first 90 days$89 (waived first year)Valuable 70K welcome offer providing up to $700 in travel redemptions, 2x miles on all purchases, 5% back on redeemed miles
The World Of Hyatt Credit CardHotel RewardsEarn up to 50,000 Bonus Points$95Up to 50,000 bonus World of Hyatt points, anniversary category 1-4 free night certificate plus a second free night after $15K spend, earn 4x points on Hyatt spend, complimentary Discoverist status and ability to spend your way to top-tier status. See 5 reasons to get the World of Hyatt Card
Wells Fargo Propel American Express® CardCash BackEarn 30K bonus points when you spend $3,000 in purchases in the first 3 months that's a $300 cash redemption value$0High-value bonus for a card with no annual fee; 3x points on travel, dining, streaming services, gas, and transit purchases; points transfer free to other WF accounts for higher redemption value. Read more in our full card review.

Best Flexible Rewards Card

Chase Sapphire Reserve®

Current Offer – Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

Why It Takes the Top SpotWe’ve done the math on the Sapphire Reserve and believe it is the best overall consumer rewards card package currently on offer. While no longer offering the record high bonus the card launched with, 50,000 Ultimate Rewards points provide a ton of value if transferred to partners such as Hyatt, United, or Singapore for premium travel experiences. Provided you spend at least $230 per month on travel and dining on the Sapphire Reserve (not taking into account any other spending on the card), you’ll come out ahead of holding the Chase Sapphire Preferred® Card.

Best Co-Brand Travel Card

The World Of Hyatt Credit Card

Current Offer – Earn up to 50,000 Bonus Points - 25,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening. Plus an additional 25,000 Bonus Points after you spend a total of $6,000 on purchases within the first 6 months of account opening.

Why It Takes the Top Spot – The replacement for The Hyatt Credit Card, the The World Of Hyatt Credit Card offers a massive 50,000 point signup bonus. You can earn up to 2x free category 1-4 free night certificates each year (1x on account anniversary + 1x after $15K spend), earn 4x points on all Hyatt spend, and spend your way to mid/top-tier elite status (for every $5K spent on the card you receive 2x elite qualifying nights). The minimum spend is higher than it's predecessor, but you have 6 months to complete the required spend and earn the full welcome offer. Read our review of the new Hyatt card.

Best Small Business Card

Ink Business Preferred℠ Credit Card

Current Offer – Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

Why It Takes the Top Spot – Offering the highest-value welcome bonus of any card on our signup radar at 80,000 Ultimate Rewards points, and featuring top-class bonus categories for small business owners that allow you to earn up to 450,000 Ultimate Rewards per year at 3x points per dollar, we rate the Ink Preferred the best small business card on offer. Pair it with the Ink Business Unlimited and maximize the return on business expenses.

Final Thoughts

Welcome offers on rewards cards are continually changing, and it can be hard keeping tabs on the latest signup bonuses. We update our top-ten offers every month, so if you have a card you think belongs in the list, let us know why in the comments below.

For rates and fees of the cards mentioned in this post, please visit the following links: Barclaycard Arrival Plus® World Elite Mastercard® (See Terms), and Hilton Honors American Express Ascend Card (Rates & Fees)

Top 10 Rewards Credit Cards for October 2018
4.4 (88.57%) 7 votes
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