San Diego, Calif. (PRWEB) December 20, 2012
Today, Creditnet.com announced its list of the three best rewards credit cards in 2013, based on category. The credit experts at Creditnet based the list on a number of factors, including rewards incentives, interest rates, purchasing bonuses and fees.
Because each consumer is different, Creditnet determined its top choices based on category, as well. Here's Creditnet's list of the three best rewards credit cards in 2013.
1.) Best Travel Rewards Credit Card: Chase Sapphire Preferred
The Chase Sapphire Preferred card is the number one travel rewards credit card in 2013, according to Creditnet. This card is especially renowned by shoppers for its bonus program, which rewards consumers with 40,000 Chase Ultimate Rewards points - the equivalent of $500 in travel rewards - after making $3,000 in purchases in the first three months as a cardholder.
The Chase Sapphire Preferred Card is especially useful for consumers that prefer to redeem points on travel; this includes 2x points on travel and dining purchases, no foreign transaction fees, and members can take 20% off travel expenses like airfare, hotels, car rentals and cruises when redeeming through Chase's Ultimate Rewards.
The perks for travel consumers are why Creditnet.com named the Chase Sapphire Preferred card it's number one travel rewards credit card in 2013.
2.) Best Cash Back Rewards Credit Card: Discover More® Card
Consumers in the market for a cash back card in 2013 would be hard-pressed to find a more rewarding card than the Discover More® Card, according to Creditnet's experts.
Discover's 5% Cashback Bonus® enrollment program includes rotating categories in which cardholders can receive 5x cash back on specific purchases. Cardholders receive 1% cash back on all other purchases, and like the aforementioned Ultimate Rewards program, shoppers can save up to 20% on purchases made at Discover's online store.
No foreign transaction fees, no annual fees and a low-to-average ongoing APR were also reasons that Creditnet chose this card amongst others in 2013. However, the biggest factor was the cash back potential consumers can earn in the new year.
3.) Best Rewards Credit Card for Consumers on the Go: Blue Cash Preferred Card from American Express®
Consumers that spend a lot of time at the gas pump will benefit the most from this American Express Card in 2013, according to Creditnet.
The Blue Cash Preferred Card from American Express® rewards cardholders with 3% cash back on all gas and department store purchases. Cardholders can receive another 6% on all grocery purchases up to $6,000, and 1% on everything else.
Unlike the previously mentioned rewards credit cards, this American Express® card does charge an annual fee of $75. However, consumers can earn $150 in the form of a cash back bonus after $1,000 spent in the first three months as a cardholder.
"American Express is regarded for their lucrative rewards program," said Jason Bushey, VP of operations at Creditnet. "This card in particular has a points system that's easy to track, and the annual fee is on the low side for AmEx."
With marketplace competition for the best rewards program becoming as competitive as ever, Creditnet.com says 2013 is shaping up to be one of the most lucrative years ever to own a rewards credit card.
Creditnet.com is an online authority on credit card reviews, credit news and credit building advice. As the host of Credit Talk - the oldest and most comprehensive credit discussion forum on the web - Creditnet has been helping consumers rebuild credit since 1995. Creditnet's credit card search tool matches up consumers with the perfect credit card for them, and their CreditCents blog includes credit card reviews, news and weekly consumer tips.