Are you looking to maximize your rewards and benefits from your credit cards this year? Look no further! We have compiled the top picks for the best credit card rewards in 2023. To help you get the most out of your cards while staying financially responsible, we'll walk you through the features and benefits of our top choices. Ready to unlock all the potential that credit card rewards programs have to offer? Let's dive in!
Best Credit Cards For Rewards 2023 Table of Contents
What to Look for in a Rewards Credit Card
Before we unveil our top picks for the best rewards credit cards, let's discuss the factors you should consider when choosing a card:
- Rewards Rate: Look for a card that offers a high rewards rate, such as 3x points on certain purchases.
- Sign-up Bonus: Many cards offer a generous sign-up bonus as a way to entice new customers. Look for one that has a bonus that aligns with your spending habits.
- Annual Fee: Consider whether your rewards will offset the cost of the card's annual fee. Cards with no annual fee may offer lower rewards rates, but might still be worth considering to avoid ongoing costs.
- Redemption Options: Choose a card that allows you to redeem your rewards through a variety of channels, including travel, statement credits, and gift cards.
- Perks and Benefits: Look for cards that offer additional perks, such as travel insurance, purchase protection, or lounge access.
Top Rewards Credit Cards of 2023
Based on these factors, we have selected some of the best credit cards for rewards in 2023:
1. Chase Sapphire Preferred® Card
- Sign-up bonus: Earn 60,000 points after spending $4,000 in the first three months.
- Rewards Rate: 2x points on travel and dining; 1x points on all other purchases.
- Annual Fee: $95
- Redemption Options: Redeem points for travel, statement credits, gift cards, or transfer to partner programs.
- Perks: Travel insurance, purchase protection, and no foreign transaction fees.
2. American Express® Gold Card
- Sign-up bonus: Earn 35,000 points after spending $2,000 in the first three months.
- Rewards Rate: 3x points on travel; 4x points at restaurants and supermarkets; 1x points on other purchases.
- Annual Fee: $250
- Redemption Options: Redeem points for travel, statement credits, gift cards, or transfer to partner programs.
- Perks: $100 annual airline fee credit, $10 monthly dining credit, and no foreign transaction fees.
3. Capital One Venture Rewards Credit Card
- Sign-up bonus: Earn 50,000 miles after spending $3,000 in the first three months.
- Rewards Rate: 2x miles on all purchases.
- Annual Fee: $95, waived the first year.
- Redemption Options: Redeem miles for travel, statement credits, or transfer to partner programs.
- Perks: Travel accident insurance, rental car insurance, and no foreign transaction fees.
Best Credit Cards For Rewards 2023 Example:
Suppose you travel frequently and dine out often. The American Express® Gold Card may be the best fit for you. With its 4x points at restaurants and supermarkets and 3x points on travel, you could quickly rack up points. Say you spend $1,000 per month on travel and dining – that's 4,000 points per month! And with the $100 annual airline fee credit and $10 monthly dining credit, the card's annual fee becomes more manageable.
Now that you're armed with our top picks for the best credit cards for rewards in 2023, it's time to do the math and determine which card aligns with your spending habits and financial goals. Remember, using your credit card responsibly is the key to unlocking the rewards and benefits that accompany it. Share the knowledge with friends and family, and don't forget to explore other guides on Flik Eco to continue mastering the world of personal finance!
