It’s a bit early to make definitive predictions about the best credit cards for 2023, as the credit card industry is constantly evolving and new cards are being introduced all the time. However, I can provide you with some general information about the types of credit cards that tend to be popular and offer valuable rewards and benefits.
- Rewards credit cards: These cards offer points, miles, or cash back for purchases, and can be a great choice for consumers who want to earn rewards for their everyday spending.
- Travel credit cards: These cards offer rewards specifically tailored to travel, such as free flights or hotel stays.
- Balance transfer credit cards: These cards allow you to transfer high-interest credit card debt to a card with a lower interest rate, which can help you save money on interest charges.
- Cashback credit cards: These cards offer cashback rewards on purchase which you can redeem on statement credit or direct deposit.
- Premium credit cards: These cards offer exclusive perks, such as lounge access and travel insurance, and typically come with a high annual fee.
It’s important to note that the best credit card for you will depend on your specific needs and spending habits, so it’s essential to compare the rewards, benefits, and fees of different cards and choose one that fits your lifestyle.
It is always recommended to read the terms and conditions of the card, check for annual fees, interest rate, and any other charges, also it’s better to have a good credit score, to be able to apply for the cards with better benefits.
Best 10 Cards on 2023
- Chase Sapphire Preferred: This card offers a generous sign-up bonus and strong rewards for travel and dining purchases.
- Platinum Card from American Express: This premium card offers a wide range of travel and shopping benefits, including access to airport lounges and statement credits for certain purchases.
- Citi Prestige Card: This card offers a wide range of luxury travel benefits, including complimentary hotel nights and statement credits for travel purchases.
- Capital One Venture Rewards: This card offers a simple and flexible rewards program, with rewards that can be used on any travel purchase.
- Bank of America Travel Rewards: This card offers a generous sign-up bonus and flexible rewards that can be used on any travel purchase.
- Blue Cash Preferred from American Express: This card offers a high cashback rate on purchases at US supermarkets, US streaming services and US Gas stations.
- Discover it Cash Back: This card offers a rotating selection of cashback categories, along with a generous sign-up bonus.
- Chase Freedom Flex: This card offers a rotating selection of cashback categories and a sign-up bonus, along with a 0% Intro APR for the first 15 months on purchases.
- Wells Fargo Propel American Express: This card offers a generous sign-up bonus and rewards for travel, dining, and streaming services.
- U.S. Bank Altitude Go Visa Signature: This card offers a high rewards rate on dining and travel purchases and a sign-up bonus.
Again, it is important to compare the features and benefits of each of these cards in relation to your spending habits and financial situation, to determine which one is the best fit for you.
| Card Name | Sign-up Bonus | Rewards rate | Annual Fee | Travel Benefits |
|---|---|---|---|---|
| Chase Sapphire Preferred | 60,000 points after spending $4,000 in the first 3 months | 2x points on travel and dining | $95, waived the first year | Travel protection and trip cancellation coverage |
| Platinum Card from American Express | 100,000 Membership Rewards points after spending $5,000 in the first 6 months | 5x points on flights booked directly with airlines or with American Express Travel, 5x points on prepaid hotels booked on amextravel.com | $550 | Access to Global Lounge Collection, access to The Hotel Collection |
| Citi Prestige Card | 50,000 bonus points after spending $4,000 in the first 3 months | 5x points on dining and air travel, 3x points on hotels and cruise lines | $495 | 4th night free on hotel stays, complimentary hotel nights |
| Capital One Venture Rewards | 100,000 miles after spending $20,000 in the first 12 months | 2x miles on every purchase | $95, waived the first year | Travel accident insurance |
| Bank of America Travel Rewards | 25,000 points after spending $1,000 in the first 90 days | 1.5 points per $1 spent on all purchases | $0 | no travel benefits |
| Blue Cash Preferred from American Express | $300 statement credit after spending $3,000 in the first 6 months | 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% cash back on select U.S. streaming subscriptions | $95 | no travel benefits |
| Discover it Cash Back | Discover will match all the cash back earned at the end of the first year | 5% cash back in rotating categories (up to $1,500 in purchases each quarter) | $0 | no travel benefits |
| Chase Freedom Flex | $200 after spending $500 in the first 3 months | 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate | $0 | no travel benefits |
| Wells Fargo Propel American Express | 20,000 points after spending $1,000 in the first 3 months | 3x points on eating out and ordering in, 3x points on gas stations, 3x points on travel, including flights, hotels, homestays, and car rentals | $0 | no travel benefits |
| U.S. Bank Altitude Go Visa Signature | 25,000 points after spending $1,000 in the first 90 days | 4x points on dining and travel | $0 | Travel accident insurance, trip cancellation/interruption coverage |
Please note that credit card offers can change and it is better to confirm the details before applying. Also, please consider if you have any foreign transaction fee, if you travel frequently.
