Credit cards can play an important role in managing your finances and earning benefits. But with so many cards available, choosing the right one can be challenging. Investopedia evaluated credit cards based on fees, rewards, benefits and features to determine the best credit cards of 2023.
The Capital One Quicksilver Cash Rewards Card is Investopedia's best overall credit card. It offers an unlimited 1.5% cash back on every purchase with no annual or foreign transaction fees. New cardholders can earn a $200 bonus after spending $500 within 3 months.
The Chase Sapphire Reserve is the best travel and rewards card. Cardholders earn 10x points on dining and travel purchases and can redeem points for travel through Chase at a 50% higher rate. The $300 annual travel credit and airport lounge access help offset the $550 annual fee.
The UnitedSM Explorer Card is Investopedia's best airline card. Cardholders earn 2 miles per $1 spent on United purchases and dining. The $95 annual fee is waived the first year.
The World of Hyatt Credit Card is the best hotel card. It offers a 30,000-point bonus after spending $3,000 in 3 months. Cardholders earn 4x points on Hyatt stays and get an automatic award night at category 1-4 Hyatt properties each cardmember anniversary.
The Citi® Diamond Preferred® Credit Card is best for balance transfers with 0% interest for 21 months on balance transfers and 12 months on purchases. It has no annual fee.
The Bank of America® Travel Rewards for Students card earns unlimited 1.5 points per $1 spent on all purchases. It has no annual fee and offers no-interest financing for 18 billing cycles.
The Ink Business Preferred Credit Card earns 3 points per $1 spent on the first $150,000 each year in select business categories. New cardholders can earn a 100,000-point bonus after spending $8,000 in 3 months.
The Blue Cash Preferred® Card from American Express earns 6% cash back at U.S. supermarkets (up to $6,000 per year) and 3% on gas and transit. The $95 annual fee is waived the first year.
The Capital One® SavorOne® Card earns 3% cash back on dining, entertainment, grocery stores and streaming services, plus 1% on all other purchases. There is no annual fee and no foreign transaction fees.
The Capital One Platinum Secured credit card is the best secured card with flexible security deposit options, no annual fee and no foreign transaction fees. It can upgrade to an unsecured card with responsible use.