2023 is just around the corner, and if you're looking to make the most out of your spending habits, choosing the right credit card can make all the difference. With countless options available, we've researched and narrowed down the best credit cards for 2023 that suit a variety of needs. Read on to find the perfect one for you.
Best Credit Cards To Apply For 2023 Table of Contents
1. Best Overall: The Ultimate Everyday Card
2. Best Cash Back Card: Earn Money as You Spend
1. Best Overall: The Ultimate Everyday Card
Chase Sapphire Preferred
- Excellent rewards for dining and travel
- Flexible points redemption options
- Low annual fee
For those who want a versatile card with great rewards, the Chase Sapphire Preferred is our top pick. It offers 2x points on dining and travel purchases and 1x point on all other spending. The Chase Ultimate Rewards points system allows for flexibility in redeeming points, including travel booking, cash back, or statement credit.
2. Best Cash Back Card: Earn Money as You Spend
Discover it Cash Back
- High cash back rates in rotating categories
- No annual fee
- First-year Cashback Match
The Discover it Cash Back card earns you 5% cash back on up to $1,500 in combined purchases in specific categories each quarter and 1% on all other purchases. New cardholders also benefit from Discover's Cashback Match program, which doubles all the cash back earned during the first year.
3. Best for Travel: Explore the World with Great Rewards
Capital One Venture Rewards
- Unlimited 2X miles on every purchase
- Generous welcome offer
- Low annual fee after the first year
Capital One Venture Rewards card is perfect for frequent travelers, offering 2X miles on every purchase with no caps. The card also features a welcome offer of 60,000 bonus miles after spending $3,000 within the first three months of card membership.
4. Best Low Interest Rate Card: Save on Interest Expenses
American Express Blue Cash Everyday
- 0% introductory APR for 15 months on purchases
- Cash back rewards
- No annual fee
If you're looking to finance a major purchase, the American Express Blue Cash Everyday card has a 0% introductory APR on purchases for 15 months. Plus, you'll earn cash back on your spending, with 3% cash back at U.S. supermarkets, 2% at U.S. gas stations and select U.S. department stores, and 1% on all other purchases.
Best Credit Cards To Apply For 2023 Example:
Imagine you're a young professional who loves dining out and traveling. You choose the Chase Sapphire Preferred card and spend $500 a month on dining and travel, earning 12,000 points per year in these categories (2x points). Additionally, you spend $1,000 a month on other purchases, earning another 12,000 points per year (1x points). With a total of 24,000 points, you could redeem those for $300 in travel rewards or cash back.
With so many fantastic credit card options available, it's essential to choose one that fits your lifestyle and financial needs. The best credit card for you in 2023 will reward you for your everyday spending habits while reinforcing healthy financial practices. If you found this guide helpful, don't forget to share it with your friends and family who might be on the hunt for a new credit card. And for more financial wisdom, head to the Flik Eco blog for more articles on personal finance, investing, and more.
