What Are the Best Credit Card Promotions in 2023?

As we enter 2023, credit card companies are offering some of the best promotions we've seen in years. From sign-up bonuses tocashback rewards, there are plenty of options for consumers to take advantage of. In this article, we will explore the bestcredit card promotionsfor 2023 and provide some tips for making the most of your credit card.

Sign-Up Bonuses

One of the most popular credit card promotions is the sign-up bonus. These bonuses are typically offered to new cardholders who meet a certain spending requirement within the first few months of opening the account. The bonuses can range from cashback rewards to travel points to statement credits. Some of the best sign-up bonuses for 2023 include:

- Chase Sapphire Preferred: Earn 100,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards.

- American Express Gold Card: Earn 60,000 Membership Rewards points after spending $4,000 on purchases in the first 6 months of card membership.

- Capital One Venture Rewards Credit Card: Earn 100,000 bonus miles after spending $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months.

Cashback Rewards

Cashback rewards are a great way to earn money back on your everyday purchases. Many credit cards offer cashback rewards on specific categories, such as groceries or gas, while others offer a flat rate on all purchases. Some of the best cashback rewards cards for 2023 include:

- Citi Double Cash Card: Earn 2% cash back on all purchases – 1% when you buy and 1% when you pay.

- Blue Cash Preferred Card from American Express: Earn 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, 3% cash back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), and 1% cash back on other purchases.

- Discover it Cash Back: Earn 5% cash back on rotating categories each quarter (up to the quarterly maximum when you activate), and unlimited 1% cash back on all other purchases.

Travel Rewards

If you're a frequent traveler, a credit card that offerstravel rewardscan help you save money on flights, hotels, and rental cars. Some of the best travel rewards cards for 2023 include:

- Chase Sapphire Reserve: 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.

- Platinum Card from American Express: Earn 100,000 Membership Rewards points after you spend $6,000 on purchases in the first 6 months of card membership.

- United Quest Card: Earn up to 100,000 bonus miles – 80,000 after you spend $5,000 on purchases in the first 3 months your account is open, plus an additional 20,000 bonus miles after you spend $10,000 total on purchases in the first 6 months.

Tips for Using Credit Cards

While credit cards can be a great way to earn rewards and build credit, it's important to use them responsibly to avoid debt and fees. Here are some tips for using credit cards:

- Pay your balance in full each month to avoid interest charges.

- Set up automatic payments to ensure you never miss a payment.

- Monitor your credit score regularly to ensure it's accurate and to catch any potential fraud.

- Don't overspend just to earn rewards – only make purchases you can afford.

- Avoid carrying a balance on high-interest credit cards.

- Keep your credit utilization low – aim for no more than 30% of your available credit.

Conclusion

In 2023, credit card companies are offering some of the best promotions we've seen in years. From sign-up bonuses to cashback rewards to travel rewards, there are plenty of options for consumers to take advantage of. Byusing credit cards responsiblyand making the most of these promotions, you can save money and earn valuable rewards.