Shopping around for the best credit card offers in 2023 is crucial for anyone looking to maximize their rewards and make sound financial decisions. With so many features and benefits to consider when shopping for a credit card, such as cash back, travel rewards, balance transfer offers, and annual fees, it’s important to compare multiple offers before making a decision.
According to Experian, only 56.3% of Americans compare credit card offers before completing applications, and only 16.5% review their cards and terms annually. However, doing some research upfront can save you from hidden fees, high-interest rates, and overall bad deals.
To get started, think about what you’ll use the card for. If you plan to use it for everyday spending, consider the best cash back credit cards for categories like entertainment, travel, or dining. For those seeking balance transfers, the best credit card options should offer an introductory interest rate while also having a rewards program.
Next, consider your credit score. Companies will be transparent about the type of financial risk they’re willing to take for their rewards programs, so it’s best to apply only for programs you’re relatively sure you’ll be approved for to reduce additional dings on your credit score.
While there are tons of options to consider, places like Wise Bread offer updated lists on the best credit card offers, including zero percent introductory APR rates, 6% cash back on purchases, and free access to FICO scores. When applying for the best credit card for you, make sure to spend time confirming the terms and reading the fine print.