We’ve put together this guide for the best credit card bonuses for new cardholders in 2023. If you’re looking for a way to earn rewards and save money on your everyday purchases, credit card bonuses can be an excellent option.
With so many credit card options available, it can be tough to know which bonuses are worth your time and money.
Best Credit Card Bonuses For New Cardholders Of 2023
Credit card bonuses come in many forms, including cash back, points, and miles. These bonuses are typically offered to new cardholders as an incentive to sign up and start using the card. In this post, we’ll explain what credit card bonuses are, why they’re important, and how to choose the best one for your needs. We’ll also share our top picks for the best credit card bonuses available in 2023.
Whether you’re looking to earn rewards for your daily purchases or take advantage of travel perks, there’s a credit card bonus out there that’s right for you. So let’s dive in and explore the best credit card bonuses for new cardholders in 2023.
What are Credit Card Bonuses?
Credit card bonuses are rewards offered by credit card companies to new cardholders as an incentive to sign up and start using the card.
These bonuses can be cash back, points, or miles. Cash-back bonuses give you a certain percentage of your purchases back as a cash rebate. Points and miles bonuses allow you to earn rewards for each purchase, which can then be redeemed for merchandise, travel, or statement credits. Credit card bonuses often have terms and conditions, so it’s important to read them carefully before signing up.
Top Credit Card Bonuses for 2023
Are you in the market for a new credit card and looking for the best bonuses to take advantage of? Here are five of the top credit card bonuses for 2023:
Chase Sapphire Preferred Card
If you’re a big spender and love to travel, the Chase Sapphire Preferred Card is a great choice. With this card, you can earn 100,000 bonus points when you spend $4,000 in the first three months. That’s enough to get $1,250 worth of travel when redeemed through Chase Ultimate Rewards. Plus, you can earn 2x points on travel and dining purchases and 1x points on all other purchases.
Capital One Venture Rewards Credit Card
Do you want to earn miles instead of points? The Capital One Venture Rewards Credit Card might be for you. With this card, you can earn 100,000 bonus miles when you spend $20,000 in the first 12 months. You can also earn 2x miles on all purchases and transfer miles to over 10+ travel loyalty programs.
Citi Double Cash Card
If you’re looking for a simple and straightforward cash-back bonus, the Citi Double Cash Card might be a perfect choice. This card lets you earn cash back twice on every purchase. You’ll earn 1% cash back when you make a purchase and another 1% cash back when you pay your bill. There’s no limit to how much cash back you can earn, and there’s no annual fee.
American Express Gold Card
For foodies and travelers, the American Express Gold Card offers a great bonus. You can earn 60,000 bonus points when you spend $4,000 in the first six months. Plus, you can earn 4x points on dining purchases, 4x points on up to $25,000 per year at US supermarkets, 3x points on flights booked directly with airlines or on amextravel.com, and 1x points on all other purchases.
Discover it Cash Back
Finally, if you’re looking for a unique cash-back bonus, the Discover it Cash Back card might be the way to go. This card matches all cash back earned in the first year. That means if you earn $500 in cashback in your first year, Discover will match it, giving you a total of $1,000 in cash back. You’ll also earn 5% cash back in rotating categories and 1% cash back on all other purchases.
Remember, it’s important to choose a credit card bonus that fits your spending habits and goals. With these top credit card bonuses for 2023, you can earn rewards ranging from travel points to cash back.
How to Choose the Best Credit Card Bonus
With so many credit card bonuses out there, it can be overwhelming to choose the right one for you. Here are some factors to consider when selecting the best credit card bonus:
- Your Spending Habits – Consider how you plan to use the credit card and what purchases you’ll be making. Do you spend a lot on travel or dining out? Look for a card with bonus points in those categories. If you’re a big online shopper, look for a card with bonus points for online purchases.
- Bonus Requirements – Make sure you understand the bonus requirements before applying for a card. Some cards may require you to spend a certain amount of money within a specific time frame to receive the bonus. If the bonus requirements are too high or unrealistic for your spending habits, you may want to consider a different card.
- Annual Fees – Some credit cards come with annual fees, which can offset the value of the bonus. Consider whether the annual fee is worth the bonus and any other benefits the card offers.
- Redemption Options – Look for a credit card with redemption options that fit your lifestyle. If you’re a frequent traveler, you may want a card that offers travel rewards. If you prefer cash back, look for a card with cash back rewards.
- Credit Score Requirements – Some credit cards require a good or excellent credit score to qualify. Check your credit score before applying for a card to ensure you meet the requirements.
By considering these factors, you can find a credit card bonus that suits your needs and helps you earn rewards on your purchases.