Best Credit Cards in 2023
Today, credit cards have become an integral part of our lives. Whether it is to buy something, watch a movie, or go on a trip, we usually make payments through credit cards only. We also get some extra rewards whenever we pay with a credit card. Many credit cards offer additional perks that help us save money, earn more money, and live the lifestyle we want.
Most credit cards give us some cashback, miles, or points as rewards. Along with this, credit cards also give us the facility of interest-free financing. Which gives us the freedom to buy up to the credit card limit.
Credit cards also give us the facility to buy things in installments, so that we don’t have to pay the total amount.
There are various credit cards available in the market today, but choosing the right credit card is very difficult as the rewards and points you get on credit card spending depend on which credit card you are using.
For your convenience, we have put together a list of the best credit cards that are organized according to their charges, rewards, welcome bonuses, introductory offers, features, and benefits. You can choose a credit card as per your requirements and avail the benefits.
Wells Fargo Active Cash® Card
CURRENT OFFER
Earn a $200 cash reward bonus when you spend $500 in purchases in the first 3 months. Plus, earn unlimited 2% cash rewards on purchases.
| RECOMMENDED CREDIT SCORE | 690-850 (Good – Excellent) |
| ANNUAL FEE | $0 |
| APR (%) | 0.00% introductory APR for 15 months from the date of account opening. After that, your APR will be 19.99%, 24.99%, or 29.99%, based on your creditworthiness. Balance transfers made within 120 days from account opening qualify for the intro rate and fee. |
| REWARDS EARNING RATE | ● Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months ● Earn unlimited 2% cash rewards on purchases |
| BALANCE TRANSFER FEE | An introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer, with a minimum of $5, |
| FOREIGN CURRENCY CONVERSION FEE (%) | 3% of each transaction converted to U.S. dollars. |
| LATE PAYMENT FEE | Up to $40 |
| PROS AND CONS | PROS ☑ No annual fee ☑ High rewards rate ☑ Intro APR period CONS ☒ No bonus categories |
Chase Freedom Unlimited®
CURRENT OFFER
Earn an additional 1.5% on all purchases up to $20,000 in the first year. That’s a value of up to $300 in cash back!
| RECOMMENDED CREDIT SCORE | 690-850 (Good – Excellent) |
| ANNUAL FEE | $0 |
| APR (%) | 0% intro APR for 15 months from account opening on purchases and balance transfers. After the intro period, a variable APR of 20.24%–28.99% |
| REWARDS EARNING RATE | ● Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®; ● 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service; and ● 3% on all other purchases. |
| BALANCE TRANSFER FEE | An intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that, Either $5 or 5% of the amount of each transfer, whichever is greater, |
| FOREIGN CURRENCY CONVERSION FEE (%) | 3% of the amount of each transaction in U.S. dollars. |
| LATE PAYMENT FEE | Up to $40. |
| PROS AND CONS | PROS ☑ No annual fee ☑ High rewards rate ☑ Intro APR period ☑ No minimum redemption amount CONS ☒ Requires good/excellent credit |
Capital One Quicksilver® Cash Rewards Credit Card
CURRENT OFFER
Earn unlimited 1.5% cash back on every purchase, every day. plus a $250 Cash Bonus.
| RECOMMENDED CREDIT SCORE | 670-850 (Good – Excellent) |
| ANNUAL FEE | $0 |
| APR (%) | 0% intro APR for 15 months on purchases and balance transfers; 19.99%–29.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months |
| REWARDS EARNING RATE | 1.5% cash back on every purchase, every day. NEW CARDMEMBER OFFER Earn a one-time $250 cash bonus once you spend $1,000 on purchases within 3 months of account opening. |
| BALANCE TRANSFER FEE | 3% of the amount of each transferred balance during the first 15 months that your account is open, or at a promotional APR that Capital One may offer. After 15 months, there were no transferred balances at the purchase APR. |
| FOREIGN CURRENCY CONVERSION FEE (%) | 0% |
| PROS AND CONS | PROS ☑ A simple rewards program with a solid return ☑ Decent introductory offers on purchases ☑ No annual or foreign transaction fees CONS ☒ No bonus categories ☒ One-time bonus is relatively modest |
Chase Sapphire Preferred® Card
CURRENT OFFER
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®.
| RECOMMENDED CREDIT SCORE | 690-850 (Good – Excellent) |
| ANNUAL FEE | $95 |
| APR (%) | 21.24% to 28.24% |
| REWARDS EARNING RATE | ● Travel purchases through rewards portal: 5x points on travel purchased through Chase Ultimate Rewards®, excluding hotel purchases that qualify for the $50 Annual Ultimate Rewards Hotel Credit. ● Other travel purchases: 2x points on all other travel. ● Restaurant purchases: 3x points on dining. ● Lyft purchases: Earn 5x points on Lyft rides through March 31, 2025. That’s 3x points in addition to the 2x points you already earn on travel ● Everyday purchases: 3x points on select streaming services and online grocery purchases ● Annual points perk: 10% anniversary points boost |
| BALANCE TRANSFER FEE | Either $5 or 5% of the amount of each transfer, whichever is greater. |
| FOREIGN CURRENCY CONVERSION FEE (%) | 0% |
| LATE PAYMENT FEE | Up to $40. |
| PROS AND CONS | PROS ☑ High rewards rate ☑ Flexible rewards redemption ☑ Bonus categories ☑ New cardholder bonus offer ☑ Primary rental car coverage CONS ☒ Has annual fee ☒ Requires good/excellent credit |
Capital One SavorOne Cash Rewards Credit Card
CURRENT OFFER
Earn a one-time $200 cash bonus once you spend $1,000 on purchases within the first 3 months from account opening.
| RECOMMENDED CREDIT SCORE | 690-850 (Good – Excellent) |
| ANNUAL FEE | $0 |
| APR (%) | 0% introductory APR for the first 15 months that your account is open; after that, Your APR will be 19.99%, 25.99%, or 29.99%, based on your creditworthiness. |
| REWARDS EARNING RATE | ● Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. ● Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. ● Earn 8% cash back on Capital One Entertainment purchases. |
| BALANCE TRANSFER FEE | ● 3% of the amount of each transferred balance that posts to your account during the first 15 months that your account is open, or at a promotional APR that we may offer you at any other time. ● None for transferred balances at the Purchase APR after the first 15 months that your account has been open. |
| FOREIGN CURRENCY CONVERSION FEE (%) | $0 |
| LATE PAYMENT FEE | Up to $40. |
| PROS AND CONS | PROS ☑ No annual fee ☑ Bonus categories ☑ No foreign transaction fees ☑ Intro APR period CONS ☒ Requires good/excellent credit |
United℠ Explorer
CURRENT OFFER
Earn 60,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.
| RECOMMENDED CREDIT SCORE | 670-850 (Good – Excellent) |
| ANNUAL FEE | $0 Intro fee for the first year. After that, $95 |
| APR (%) | 21.49% – 28.49% variable |
| REWARDS EARNING RATE | ● 2 miles per $1 spent on purchases from United, including tickets, Economy Plus®, inflight food, beverages, Wi-Fi, and other United charges. ● 2 miles per $1 spent on dining, including eligible delivery services. ● 2 miles per $1 spent on hotel accommodations when purchased directly with the hotel. ● 1 mile per $1 spent on all other purchases. |
| BALANCE TRANSFER FEE | Either $5 or 5% of the amount of each transfer, whichever is greater. |
| FOREIGN CURRENCY CONVERSION FEE (%) | 0% |
| LATE PAYMENT FEE | Up to $40. |
| PROS AND CONS | PROS ☑ Annual fee is waived the first year ☑ Earn two miles per $1 on United, dining, and hotels CONS ☒ Balance transfer fee of 5% (min $5) ☒ Fewer free checked bags than some competing airline cards. |
BankAmericard® credit card
CURRENT OFFER
No offer
| RECOMMENDED CREDIT SCORE | 690-850 (Good – Excellent) |
| ANNUAL FEE | $0 |
| APR (%) | 0% Introductory APR for the first 21 Statement Closing Dates following the opening of your account. After that, your APR will be 15.99% to 25.99%. |
| REWARDS EARNING RATE | No rewards |
| BALANCE TRANSFER FEE | 3% of the amount of each transaction. |
| FOREIGN CURRENCY CONVERSION FEE (%) | 3% of the U.S. dollar amount of each transaction made in a foreign currency. |
| LATE PAYMENT FEE | Up to $40 |
| PROS AND CONS | PROS ☑ No annual fee ☑ Intro APR period CONS ☒ No ongoing rewards ☒ Requires good credit |
World of Hyatt Credit Card
CURRENT OFFER
30,000 Bonus Points after you spend $3,000 on purchases in your first 3 months from account opening. Plus, earn up to 30,000 More Bonus Points by earning 2 Bonus Points total per $1 spent in the first 6 months from account opening on purchases that normally earn 1 Bonus Point, up to $15,000 spent.
| RECOMMENDED CREDIT SCORE | 670-850 (Good – Excellent) |
| ANNUAL FEE | $95 |
| APR (%) | 21.24% – 29.24% variable |
| REWARDS EARNING RATE | ● Up to 9 total Points per $1: 4 Bonus Points per $1 spent on purchases at all Hyatt hotels. Plus, 5 Base Points from Hyatt per eligible $1 spent for being a World of Hyatt member. ● 2 Bonus Points per $1: 2 Bonus Points per $1 spent at restaurants, on airline tickets purchased directly from the airline, on local transit and commuting, and on fitness club and gym memberships. Plus, earn 1 Bonus Point per $1 spent on all other purchases. Points don’t expire as long as your World of Hyatt Credit Card account is open. ● Get a Free Night Every Year*: Receive one free night at any Category 1–4 Hyatt hotel or resort every year after your cardmember anniversary. Plus, an extra free night at any Category 1–4 Hyatt hotel or resort if you spend $15,000 in a calendar year. |
| BALANCE TRANSFER FEE | Either $5 or 5% of the amount of each transfer, whichever is greater. |
| FOREIGN CURRENCY CONVERSION FEE (%) | 0% |
| LATE PAYMENT FEE | Up to $40 |
| PROS AND CONS | PROS ☑ Superior points value among hotel reward cards ☑ Outstanding introductory rewards bonus ☑ Anniversary award night good for a stay at category 1-4 Hyatt properties CONS ☒ Annual fee isn’t waived first year |
Capital One Venture Rewards Credit Card
CURRENT OFFER
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening.
| RECOMMENDED CREDIT SCORE | 690-850 (Good – Excellent) |
| ANNUAL FEE | $95 |
| APR (%) | 20.99% – 28.99% variable |
| REWARDS EARNING RATE | ● Earn unlimited 2 miles per dollar on every purchase, plus 5 miles per dollar on hotels and rental cars booked through Capital One Travel. Redeem miles for any airline, any hotel, rental cars, and more. ● Receive up to a $100 credit for Global Entry or TSA Pre Check®. ● Enjoy two complimentary visits per year to Capital One Lounges or to 100+ locations through our Partner Lounge Network. |
| BALANCE TRANSFER FEE | 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR. |
| LATE PAYMENT FEE | Up to $40. |
| PROS AND CONS | PROS ☑ High rewards rate CONS ☒ High annual fee ☒ Rewards have limited flexibility |
Blue Cash Preferred® Card from American Express
CURRENT OFFER
Earn $250 Back after you spend $3,000 in purchases on your new Card within the first 6 months of Card Membership. You will receive the $250 back in the form of a statement credit.
| RECOMMENDED CREDIT SCORE | 670-850 (Good – Excellent) |
| ANNUAL FEE | $0 Intro fee for the first year. After that, $95 |
| APR (%) | 0% intro APR on purchases and balance transfers for 12 months from the date of account opening, then a variable APR, 18.99% to 29.99%. |
| REWARDS EARNING RATE | ● Earn 6% back at US supermarkets (up to $6,000 per year in purchases), ● 6% on select U.S. streaming subscriptions, ● 3% on eligible transit and US gas stations, and ● 1% on other purchases. |
| BALANCE TRANSFER FEE | Either $5 or 3% of the amount of each transfer, whichever is greater. |
| FOREIGN CURRENCY CONVERSION FEE (%) | 2.7% |
| LATE PAYMENT FEE | Up to $40 |
| PROS AND CONS | PROS ☑ Annual fee is waived the first year ☑ Ability to earn 6% cash back on groceries, streaming services and gas station purchases CONS ☒ Foreign transaction fee of 2.7% |
