We’ll look at the top five credit cards for 2023.But first, consider a credit card. One may ask?
What exactly is a credit card?
Well, we will look at the definition of a credit card from a reliable source, Investopedia.
According to Investopedia, is “a thin rectangular piece of plastic or metal issued by a bank or financial services company that allows cardholders to borrow funds to pay for goods and services with merchants that accept cards for payment.”
How does a credit card operate?
This is a good question, but as you may know,a credit card provides holders with terms that allow them to repay the amount borrowed.
This has made credit cards to be the most popular method of payment.
These 5 best credit cards were categorized based on their ability to meet multiple situations.
Capital One Venture X Rewards Credit Card
The number one best travel credit card in 2023 is the “Capital One Venture X Rewards Credit Card”.
Why, you may ask. This is because,the card is packed with better options like their extras, that are like no other among its competitors.
The other important part is that,It also has an annual fee that cannot be compared with others. This is because its annual fee is lower than many other cards. That is not all,the “Capital One Venture X Rewards Credit Card’s” annual travel credit and anniversary miles are enough to justify its annual fee. Aside from this, miles with this card are easy to earn and use as well.
This amazing credit card can earn you 75,000 bonus miles whenever you “spend $4000 on purchases within the first three months of your account opening”. This is equal to $750 in travel.
Again, with this card,you can “receive up to $300 back annually as statement credits for bookings through Capital One Travel”.
There is also that better reward where one stand’s to get Capital One’s best prices on many thousands of options.
They also offer the chance to “earn unlimited 2X miles on all other purchases.”
Other benefits include the following:
- “Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
- Receive up to a $100 credit for Global Entry or TSA PreCheck®.
- Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars, and more. You can even transfer your miles to your choice of 15+ travel loyalty programs.
- Elevate your stay at luxury hotels and resorts from the Premier Collection with a $100 experience credit, daily breakfast for 2, and complimentary WiFi on every booking, plus other premium benefits like room upgrades, early check-in, and late checkout when available”.
Chase Sapphire Preferred Card
This card is also a must get credit card in 2023. This is even important for those who spend frequently on travel and dining out.
This card is the exact card gives you gives you a superior points earning rate.
The must have card has an annual travel credit of $300.
The following are the other details of the card that you have to pay attention to:
- “Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when you redeem through Chase Ultimate Rewards®.
- $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
- Earn 5x the total points on flights and 10x the total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining and 1 point per $1 spent on all other purchases.
- Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $900 toward travel.
- 1:1 point transfer to leading airline and hotel loyalty programs
- Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority PassTM Select and up to a $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
- Count on trip cancellation and interruption insurance, auto rental collision damage waiver, lost luggage insurance, and more”.
The Platinum Card® from American Express
This is the third credit card to have in 2023. This goes well especially those who are
frequent travelers as they may want to fully leverage on the luxury of travel benefits.
The Platinum card has all that for you.
The card has benefits such as a high reward on flights as well as hotel bookings, and this is through American Express Travel.
This unique credit card offers “comprehensive airport lounge access”. There are also luxury travel benefits with elite status, and this is with Hilton and Marriott with enrollment.
The following are other amazing details of the card that make it the preferred card:
- “Earn 80,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of card membership.
- Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 per calendar year, and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
- $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
- $240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, The New York Times, and other participating providers Enrollment required.
- $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. The cost includes $12.95 plus applicable local sales tax.
- American Express has expanded The Centurion® Network to include more than 40 Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card.
- $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or food orders in the US annually. Uber Cash and Uber VIP status are available to Basic Card Members only.
- $300 Equinox Credit: Get up to $300 back each year on an Equinox+ subscription or any Equinox club membership when you pay with your Platinum Card. Enrollment required. Learn more.
- $189 CLEAR® Credit: Breeze through security with CLEAR® Plus at 45+ airports nationwide and get up to $189 back per year on your membership (subject to auto-renewal) when you use your Card.
- $695 annual fee”.
