When you have excellent credit, you may feel like royalty. The excellent-credit credit cards that once wouldn't give you the time of day are now going to treat you like you're a favorite grandchild. With excellent credit comes excellent benefits, like cash back or rewards points that can be turned into cash or gift cards. You'll also now qualify for some really great welcome bonus opportunities. The CardName, for example, offers new cardholders the opportunity to earn 60,000 Chase Ultimate Rewards points once spending $4,000 within three months of opening an account– a bonus worth $750 when redeemed for travel through the Ultimate Rewards portal!
You may also get some great travel benefits like free checked bags, or even reimburements such as up to $100 back to cover Global Entry or TSA PreCheck application costs, as is offered with the CardName.
Assuming you're smart with your money and pay everything off on your credit card every month, basically, when you have an excellent-credit credit card, you're constantly going to be rewarded with discounts for spending money on things you'd have to spend money on anyway. But there's another excellent benefit that comes with having excellent credit, and that's that your interest rate tends to be lower than the average credit card holder. That can help you spend far less if you do end up having to carry a revolving balance for awhile; or at least you'll likely pay less in interest than a lot of people with credit cards that have higher annual percentage rates. Having excellent credit can also certainly help land the best deals when looking for financing for a house, a car or any sort of loan.
When you have excellent credit, lenders tend to trust that you're going to pay them back, and because of that, they want you as a customer, and so the excellent-credit credit cards will often give you the best deals.