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Credit cards offering instant rewards

Credit cards offering instant rewards

With free two-day shipping, delivery apps, and in-store pickup, it’s never been easier to get instant gratification. Credit card rewards have been a notable exception, however, often requiring you to wait until the end of a billing cycle to finally get what’s rightfully yours.

Some credit cards reduce this waiting time the day after the purchase. If you want your rewards ASAP, here are some card options that won’t take their time.

The Best Credit Cards That Offer Instant Rewards

Apple Card

Our selection for: Fans of the brand

Why we love it

The Apple Card Earn 3% cash back on Apple purchases and at select retailers when you use Apple Pay. Earn 2% back on other purchases when you use Apple Pay and 1% back when you use the physical card. Managing the card and tracking your spending and cash back through Apple Wallet is a user-friendly experience, and you can see if you’re eligible for the card without affecting your credit score. However, you must be a frequent Apple Pay user to get the most out of the Apple Card.

How to Use Instant Rewards

Cashback is earned in the form of Daily cash, which becomes available once a trade is posted to your account. If you add a co-owner or attendee to your account through Apple Card Family, everyone earns daily cash on their purchases. This is different from some other authorized user arrangements, where primary cardholder only can use earned rewards.

Capital One Cards

Our pick for: Quick rewards

Why we love them

Officially, your earned rewards will appear online within 10 days and may take up to two billing cycles to post to your account, but for the record, cardholder points become available more quickly.

How to Use Instant Rewards

For cash back cards, this just means you can redeem points faster – that’s more money in your pocket, so to speak. Also, unlike some cards, there is no minimum redemption threshold. For travel cards, this can help you reach a miles goal and book award travel sooner.

Bilt Mastercard

Our pick for: Rewards on rent payments

Why we love it

Rent can eat up a big chunk of your budget, so you might as well take advantage of it. When you use it five or more times during a statement period, the Bilt Mastercard earns 3 points per $1 on meals, 2 points per $1 on travel, 1 point per $1 on rent payments (you can earn up to 50,000 points in this category per calendar year), and 1 point per $1 on all other purchases. On the first of every month, you’ll earn double points on meals, travel, and other purchases (excluding rentals). Unlike some other third-party payment processors that you can use to pay rent with a credit card, the Bilt Mastercard doesn’t charge any transaction fees.

How to Use Instant Rewards

Points will post to your account within five business days. Redeem points by:

  • Transfer them to travel partners

  • Spend them on fitness classes, art, decor, and clothing.

  • Apply them to next month’s rent payment.

  • Save them for a future down payment on a home.

American bank cards

Our pick for: opt-in text exchanges

US Bank Cash+® Visa Signature® credit card

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Why we love them

US Bank Altitude™ Visa Infinite® Reserve Card

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How to Use Instant Rewards

Sign up for US Bank’s Real Time Rewards program online or on the bank’s mobile app. When you make a qualifying purchase, you will receive a text message asking if you want to immediately redeem cash rewards earned from that purchase (you cannot redeem combined rewards earned from multiple text purchases). You can answer “REDEEM” to get a statement credit.

American Express Cards

Our choice for: A faster welcome bonus

Why we love them

Technically the cards win American Express Membership Rewards will release your welcome bonus eight to 12 weeks after you reach the minimum spend requirement, even if you still have a month or two to reach that point. But many cardholders report that the points show up in their accounts within a day or two of meeting that spending requirement.

How to Use Instant Rewards

You can have up to six months to reach a minimum spend with qualifying American Express cards, but if you applied for a card knowing a large purchase was coming, you could potentially earn that welcome bonus faster. You can redeem Membership Rewards points for travel, statement credits, gift cards, merchandise and more (point values ​​may vary depending on how you choose to use them).

Select store cards

Our pick for: Discounts at checkout

Target REDcard™ credit card

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Why we love them

Some store credit cards, such as Target REDcard™ credit card and the Lowe’s Advantage Card, offer rewards in the form of a 5% cashback at checkout on qualifying purchases. Unlike other cash back cards, where you accumulate rewards and eventually request a redemption, the savings are effortless. It’s like using a coupon, without having to.

Lowe's Advantage Card

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How to Use Instant Rewards

Simply use your store credit on qualifying purchases. Note that there may be restrictions. The Target REDcard™ credit cardfor example, does not offer 5% off certain purchases, including Target Optical eye exams or the purchase of Target gift cards.

Barclays arrival cards

Our choice for: Existing cardholders

Why we love them

How to Use Instant Rewards

With both cards, you’ll earn miles as transactions appear in your account. Miles are worth 1 cent each when redeemed as a credit on the eligible travel expense statement. With the Barclaycard Arrival Plus® World Elite Mastercard®you will get 5% of the miles you have redeemed back for later use.

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