Credit Cards are a lifesaver and help you earn rewards. Read the article till the end to find out the best credit card rewards programs in 2023.
Credit cards are one of the greatest inventions of all time, and here is why– They are easy to carry and easy to use. You can also earn hefty rewards by using them sensibly.
Back in the day, just imagine how difficult it was to use cash as your primary source of purchases. Stuffing your wallet with money and then looking for cents in between a purchase– quite a lot of work.
As a result, a card system was introduced. People started using cards more often. And with time passing by, they started earning rewards– how convenient. By rewards, we mean great rewards. This article talks about the U.S. best credit card rewards programs in 2023. But before we start, let’s see,
What is the Golden Rule of Credit Card Use?
Getting into a cycle of debt is easy, mainly because it reduces your worries for a while. The debt numbers will blow your mind– USD 986 billion in the first half! Crazy numbers, right?
So what can you do to surpass this cycle and create a financial goal? Here’s what you need to do–
1. Set your spending limit:
Overspending is easy, especially if you don’t have a limit on how much you’re spending. So, why not set a spending limit and save yourself a fortune? Setting a spending limit that you can easily afford helps in building healthy credit.
2. Be on time:
Not paying your bills on time can become ugly too. Even if you are unable to pay in full, try to get rid of some amount to build a healthy credit score. And honestly, being on time every month prevents you from late fees.
3. Develop a strategy:
Making a strategy for yourself is a wise move. You can contact a professional who can help you with building a strategy. They can use their expertise to prepare a map and help you achieve your financial goals. And earning rewards becomes easy, in fact, super easy. But,
How Do I Know if my Card has Rewards?
The best way to know about your credit card rewards is to track your monthly statements. Your monthly statement has all the details of your expense and reward points. Note them carefully to see how many points you are gathering every month.
Now that the basics are done let’s focus on the U.S. best credit card rewards programs in 2023.
Best U.S. Credit Card Rewards Programs in 2023
Credit card rewards depend on many things– redemption options, program rules, and the way you are paid. And due to this, it becomes tough to find the best credit card rewards programs in 2023.
The first time we searched, there were tons of results. But after we compared all of them, we knew what to include in our list. Here are some of the:
1. American Express Gold Card Rewards:
This is our top pick because it has everything you need– crazy rewards, baggage insurance, and no charges overseas.
- This provides an ideal reward system for gluttons– 120 USD dining credit every year.
- You get a 4X reward on restaurants and 3X on booking flights directly with airlines or amextravels.com.
- There is baggage insurance up to 1250 USD on carry-ons and 500 USD on checked baggage that is damaged, lost, or stolen.
2. Chase Freedom Unlimited Credit Cards Rewards:
This offers the second-best credit card rewards programs in 2023.
- Zero Annual fees.
- 5% cash back on travel purchased through Chase Unlimited rewards.
- 3% on drugstore purchases and restaurants and 1.5% on all other purchases.
3. Capital One Venture Rewards Credit Card Rewards:
This is one of the best credit card rewards programs in 2023 because of the handsome travel bonus it provides.
- 75,000 bonus miles once you cover 4,000 USD on the purchase within 3 months of opening an account.
- 5 miles on rented cars (including hotel cars).
- 2X per dollar on every purchase.
4. Chase Sapphire Reserve Rewards:
A significant reason to include this credit card in the “best credit card rewards programs in 2023” list is because of the massive coverage of rewards.
- 300 USD annually for travel purchases.
- 60,000 points after spending 4,000 USD on purchases within 3 months of opening an account.
- Pass for more than a thousand VIP lounges.
5. Blue Cash Preferred Card for American Express Rewards:
This credit card reward program is best for groceries– the reward amount on groceries will blow your mind.
- 6% cash back at supermarkets on purchases up to 6,000 USD per year.
- 3% cash back at American gas stations.
- 6% cash back on American Streaming Platforms.
These were the U.S. best credit card reward programs in 2023. These credit card rewards are at the top of the list due to the combination of benefits they offer. But here is something you need to know– You can also use credit cards for specific benefits.
Here is another glance at the best credit card rewards programs in 2023.
|U.S. best credit card rewards programs in 2023||Benefits||Annual Fee|
|American Express Gold Card Rewards||Dining credits up to 120 USD per year.4X on restaurants and 3X on flight booking.Baggage insurance policies.||250 USD|
|Chase Freedom Unlimited Credit Cards Rewards||75,000 travelling bonus2X on every purchase5 miles on rented cars||0 USD|
|Capital One Venture Rewards Credit Card Rewards||No annual fees5% cash back on travel3% on drugstore||95 USD|
|Chase Sapphire Reserve Rewards||300 USD for annual travel purchases60,000 points on a 4,000 USD purchase within 3 months of opening an accountVIP lounge pass (1000+) on 500 cities||95 USD|
|Blue Cash Preferred Card for American Express Rewards||6% on supermarts6% on Streaming platforms3% on U.S. gas stations||0 USD for the first year, then 95 USD|
Are there any other Exclusive Options?
If you are looking for the best credit card rewards programs in 2023, then there are some other options that offer exclusive rewards.
Some other U.S. best credit card rewards programs in 2023:
|Credit Card Reward Programs:||Best for||Annual Fees:|
|Prime Visa||Online Shopping||0 USD (but prime membership)|
|Discover It – Student Chrome||College Students||0 USD|
|World of Hyatt Credit Card||Hotel Stays||95 USD|
|Chase Freedom Flex||Rotating Bonus Categories||0 USD|
|U.S. Bank Altitude- Go Visa Signature||Foodie Rewards||0 USD|
These were some of the U.S. best credit card rewards programs in 2023. Some of these are absolute goodies, and the remaining are best for specific rewards.