We will look at 5 best credit cards for 2023. But first let us look at a credit card. What is a credit card?
Investopedia defines a Credit card as “a thin rectangular piece of plastic or metal issued by a bank or financial services company that allows cardholders to borrow funds with which to pay for goods and services with merchants that accept cards for payment”.
How does does a credit card work?
A credit card gives conditions which allows holders to be able to pay back the amount they borrowed.
It also allows card users to pay back their interest as well as any additional charges that are there to settle.
A credit card user is given the opportunity to borrow money and this may be in the form of cash advances.
The cash advances can be accessed via normal bank tellerss, ATMs and or credit card convenience checks points.
It must be noted that such cash advances comes with disadvantages like no grace periods and even higher interest rate.
It worthy to note that most businesses allow their customers to buy using their credit cards. This has made the credit card the most common way of payment especially when making purchases for consumer goods and services.
It is has been said that credit cards as well as debit cards are offers for those who have little. They are mostly induced with perks such as cash back, discounts and even reward miles.
We know that no one credit card is good for every budget and that is why we have put together 5 best travel credit card in 2023.
These cards are based on their ability to meet multiple situations.
Capital One Venture X Rewards Credit Card
The first best travel credit card is the Capital One Venture X Rewards Credit Card.
This card is packed with better options like extras that is like no other among its competitors.
It also has an annual fee which cannot be compared with others as it is lower than many other cards. The Capital One Venture X Rewards Credit Card annual travel credit and anniversary miles are enough to justify their annual fee. Aside this, their miles are easy to earn and use as well.