Top 5 Credit Card Categories to Maximise Your Rewards in 2023
Are you looking to make the most of your spending in 2023? Credit cards can help you earn some great rewards on a host of things, including your everyday expenses as well. Whether you're looking to earn rewards for doing the things you do or for spending on a particular category like travel or entertainment, there’s a world of good credit cards out there.
In this guide, we will talk about the top five credit card categories to maximise your rewards and make your money work smarter for you. We will also talk about the online application process for credit cards.
What are reward credit cards?
Reward credit cards are a type of credit card that rewards you with a percentage of your purchases as reward points. For every eligible transaction you make using the credit card, a percentage of the amount spent is credited back to your card account.
This can range from 1% to 5% or more, depending on the credit card and the spending category. Credit card rewards can be redeemed for statement credits or used to offset future purchases. Before highlighting the top five credit card categories for higher rewards, let’s examine how to obtain reward credit cards.
How to apply for a reward credit card online?
To apply for a reward credit card online, follow these simple steps:
- Research the available reward credit card options to find the ones that align with your spending habits and offer attractive rewards.
- Visit the website of the credit card providers to learn or compare credit card offers.
- Fill out the online application form with your personal details, contact information, and income details.
- Submit the necessary documents, such as identity proof, proof of address, and proof of income.
- Review the terms and conditions of the credit card before submitting your application.
- Await approval from the credit card provider, which may involve verifying your application and credit worthiness.
Once approved, you will receive your reward credit card by mail, along with instructions on activating it.
Top 5 Credit Cards to Maximise your Rewards in 2023
In 2023, the following categories and types of reward credit cards are guaranteed to offer you the most benefits:
1. Everyday Expenses and Groceries
With the skyrocketing living costs, this is the best type of reward credit card to arm yourself with. You'll be able to earn rewards on daily essentials such as groceries, utilities, and recurring bills, which can lower your living costs. You may also enjoy higher reward rates for spending at certain partner supermarkets, local markets, and online grocery platforms. For example – OneCard provides 5x rewards points on the top two spending categories for users.
2. Dining and Entertainment
If ordering in or going out is part and parcel of your being, then using a credit card that offers rewards for dining and entertainment can be your next best friend. And why not? It’ll let you go about doing the things you like, and earn you some great reward points. These credit cards also come with exclusive tie-ups that translate to further discounts and offers on booking movies and other events.
3. Travel and Transportation
If you’re an avid traveller, you can make your travel experiences more rewarding by earning rewards on flights, hotel stays, and transportation expenses. You may also get rewarded with airport lounge access, travel insurance, and other perks for travel-related spending.
This card is also suitable if you want to cut down your daily transportation costs since it offers reward points on fuel purchases at designated petrol pumps.
4. Online Shopping and E-Commerce
Online shopping can be very therapeutic. If you enjoy shopping online, you can earn rewards on your online purchases from e-commerce platforms by choosing the best credit card online It could be neighbourhood retail stores, restaurant chains, petrol pumps, and online marketplaces.
5. Utility bills
Some credit card companies reward their customers for paying utility bills with their credit cards. These types of cards can help you make some good savings on monthly utility bills like electricity, mobile phone, fuel, DTH subscriptions, internet data packs, and other recurring bills.
Conclusion
Whether you're a frequent traveller, a food enthusiast, an avid online shopper, or someone who simply wants to earn rewards on everyday expenses, there are great credit cards to suit your needs. Applying for the right credit card online can open the door to a world of benefits and rewards. Take advantage of these exciting cards and take your financial game to the next level.
