The 6 best rewards credit cards of 2023

Do you want a card which you can earn reward points by spending on your credit card and gives you a lot of benefits? If you do, keep reading and find out how you can get it!

Look what you’ll see in this post:

• What are reward points?
• How to earn reward points?
• How can you use your reward points?
• Which credit cards offer reward points?
• Conclusion

We know there are so many options for credit cards in this big finance industry and sometimes it’s hard to choose one that will help you in your daily life. Nowadays, people usually are looking for a credit card that can offer them benefits.

One of these benefits is the reward points, when you collected enough points you can redeem them for air miles, cash back, gift vouchers, you also can get discounts in hotels, and much more.

So, this article will help you to find the best credit cards that offer you those benefits. Are you curious to know which are they? I am sure you are!

What are reward points?

Most credit card companies provide their customers’ benefits or a type of incentive, which are called “reward points”. When you spend some money on your credit card, they give you a reward point.

Ensure you obtain a credit card that provides real value, as some banks offer just one point for every dollar spent. However, it’s crucial to note that others may offer different terms, so it will depend on which company you will choose.

How to earn reward points?

There are so many ways to earn these points, and it is very easy. Each bank offers its customers different types of rewards.

You can earn them by making purchases in different categories like travel, purchases, and more. I will tell you some of them and then you can choose which one is the best option for you.

• Cash back promotions: In this category, you can earn a percentage back on your credit card spending.
• New cardmember bonus promotions: Once you create your account and sign up, you earn some rewards points. Banks usually offer this kind of bonus points because they can gain customer trust.
• Participating in loyalty programs: In this type of program, the bank gives discounts to customers, special incentives, and rewards.
• Purchases in select categories: This category is one of the more interesting since you make purchases in certain categories, you can get points and they can be used in differents places.

How can you use your reward points?

There are so many ways to use the reward points. See below some of them:

• Shop online;
• Cash back;
• Gift cards;
• Get discounts on hotels, stores;
• Redeem points for airline tickets;
• Streaming services.

Which credit cards offer reward points?

Many credit cards offer this kind of thing, but now I will show which ones are the best. Keep reading and don’t miss the opportunity to know which they are.

Chase Sapphire Preferred Card

It is one of the best credit cards on the market and it is gaining more and more space in the financial market. The Chase Sapphire Card is one of the most popular credit cards that brings so many benefits for customers.

When you get this credit card you will not pay foreign transaction fees. It has only a small annual of $95.

The nicest benefit is that when you spend $4,000 in your fisrt three months you will win 60,000 bonus point. This is amazing, right?

You also can win points for every dollar spent on travel and dining purchases, and get 25% more value when you redeem for hotels, airfare, cruises, etc.

• Annual fee: $95.
• Intro APR period (Annual Percentage Rate):  non-applicable.
• Regular APR (Annual Percentage Rate):  15.99% – 22.99% (variable).
• Welcome bonus: 100,000 bonus points.
• Credit score: 690 or higher.

Blue Cash Preferred from American Express

This credit card was made for you who have a lot of spending on food and streaming services, as it has many cashback benefits, so you can save and have extra money.

In the first 6 months of using the Blue Cash Preferred you can earn 20% cash back on Amazon store purchases and after you spent $3.000 in your first six months you will be able to earn $ 300 back.

There are so many cash back rewards, so I will tell you some of them. You can earn 6% on specific US TV and music streaming services and at U.S supermarkets, 3% on purchases at U.S gas stations, 3% on ground transportation, also, 1% on any purchase.

• Annual fee: $0 intro for the first year, then $95.
• Intro APR period: $0 intro APR on purchases for 12 months.
• Regular APR: 13.99% – 23.99% (variable).
• Welcome bonus: $300 statement credit card after you spend $3,000.
• Credit score: 690 or higher.

Citi Custom Cash

If you are looking for a card that fits your lifestyle, the Citi Custom Cash will meet all your needs. In addition to not having an annual fee, this card offers 5% cash back until you reach 500 spent dollars, when exceeding this amount the cashback will be 1%.

There is no rotating bonus, according to your spending changes, you earn adjusts automatically. You can see more information about the card below:

• Annual fee: non-applicable.
• Intro APR period: %0 intro APR on pucrchases and balance transfers for 15 months.
• Regular APR: 13.99% – 23.99% (variable).
• Welcome bonus: $200 cash back after spending $750.
• Credit score: 690-850

American Express Gold

With so many rewards points systems, the American Express Gold Card is one of the best cards on the market. Using this card, you earn 4 points per dollar spent in U.S supermarkets.

If you’re looking for a credit card with a bunch of benefits and that will facility your life, this card was made for you.

This card also offers travel and entertainment benefits, for example, you earn $10 in statement credits monthly at Seamless, Ruth’s Chris Steak House, Grubhub… and if you add your credit card to your Uber account you can receive $10 per month in Uber Cash, Uber Ride or Uber Eats.

About the protection and insurance benefits, this card offers rental car insurance, baggage insurance plan, etc. Check out more information below:

• Annual fee: $250.
• Intro APR period: non-applicable.
• Regular APR: see pay over time APR
• Welcome bonus: 60,000 membership rewards points after spending $4,000.
• Credit score: 690-850.

Venture Rewards Credit Card from Capital One

If you are the kind of person who loves to travel, keep reading because this credit card will help you to get benefits. Have you ever thought of earn 2x miles on every dollar spent?

Well, Capital One Venture Rewards offers this and much more. In the first 3 months, you can get 75.000 bonus miles when you spend $4,000 on purchases. Isn’t it amazing? Now you will be able to travel more and more.

As you can see it is a card for people who travel regularly, so if you are looking for a card that offers low fees, big initial bonus, double miles on purchases, and a lot of flexibility this is the one.

• Annual fee: $95.
• Intro APR period: non-applicable.
• Regular APR: 15.99% – 23.99%
• Welcome bonus: 20,000 bonus miles after they spend $500 on purchases.
• Credit score: at least 700 or higher.

Chase Freedom Flex

This credit card has no annual fee, so if you don’t want to waste your money paying this kind of rate Chase Freedom Flex is for you. There are a lot of benefits and I bet you are going to like it.

Furthermore, it offers cash back rewards. You will earn 5% on up to $1,500 in spending per quarter, the most interesting benefit of this card is that it offers rotating bonus categories and provide bonus points on several other categories.

•  $ 200 cash back welcome bonus.
• $500 on purchases in your first 3 months from account opening.
•  You also can earn 5% cash back on grocery store purchases.

• Annual fee: non-applicable.
• Intro APR period: $0% intro APR for 15 months after that 14.99%- 23.74%
• Regular APR: 14.99- 23.74% (Variable).
• Welcome bonus: $ 200.
• Credit score: 690 or higher.

Conclusion

As you can see, one of the best advantages of getting a credit card is that it can provide you a bunch of advantages. Nowadays, we can notice that people are using more credit cards than cash since they can be safer and provide you a lot of benefits.

If you are the type of person who doesn’t usually use this type of payment, I bet that you probably changed your mind after reading this article, right? But if one of your concerns is about credit card security, do not worry, because I can guarantee you it is very safe.

If somehow your card is used fraudulently or stolen, you will be able to claim your money back.

You must let your card provider know of the fraud or stolen immediately, so your card and account will be frozen. It is important to say that you should try to keep your card as safe as possible. As everyone knows how difficult it is to deal with this kind of situation.

This way, we can conclude that credit card is one of the most common payment methods today, as it provides convenience to consumers, besides being more flexible.

Therefore, the financial market is constantly innovating and looking for new methods to attract its customers.

In conclusion, reward points are just one of the methods that banks have created to attract the public, however it is important to remember that the market is constantly changing, so finance companies must create new methods all the time, since customers are increasingly demanding and are always looking for something that will bring benefits for them in some way, after all, who doesn’t want to get rewards?

Read more: The best banks to take out a loan in 2022