If you are looking for the best credit cards 2020, go ahead and read this article to choose the best credit card. First, you should note that the best credit card for each person can be different. For example, a person who travels abroad a lot needs a different card than the person who goes camping for vacation. According to Experian, American citizens have more than two credit cards on average. Depend on your financial status or your credit score; you may have one or more than one credit card. You may use one card for daily use, one for travel, and one for restaurants. We have prepared a bunch of useful information about credit cards in the USA that can help you to choose the best credit card that fits you.
● Citi® Double Cash Card
This card has no annual fee. It also has one of the highest standards among credit cards. It has a great reward rate. You can get rewards for anything you buy except lottery tickets. You also can spend your award in any way you wish. Also, you can quickly transfer the money into a retirement account or any other type of account. However, this card does not offer a welcome bonus point.
● Chase Sapphire Preferred® Card.
According to many sources, this is one of the best Credit cards. It has an annual fee of $95.Also, it has 2x points on spending for travel and restaurants and a 1x point for all the other purchases. You can get a 6000 points welcome bounce by spending $4000 in the first three months.
● Southwest Rapid Rewards® Priority Credit Card
This credit card has an annual fee of 149$. You can get 2x points by using southwest airline services and also, 1x point for all other purchases you make. You can earn 40,000 points by spending 1000$ in the first three months. Also, You can get 7500 points on your anniversary.
● Bank of America® Premium Rewards® credit card
This card has an annual fee of 95$. You can get 2x points by spending on travel and restaurants and 1.5x points for other purchases. You can get 50,000 welcome bonus points and 500$ value after spending only 3000$ in the first three months. This card has generous rewarding options compared to its low annual fee.
● Chase Sapphire Reserve®
This card has a 550$ annual fee. You can get 3000$ travel credit. Moreover, you get 3x points by spending on travel and restaurants. You can earn 50,000 points after spending 4000$ in the first three months. This card is the best choice for travelers. It offers excellent traveling bonuses whether you travel by a rental car, airplane, or other vehicles in the USA or abroad.
● Discover it® Student Cash Back
All full-time students that have 2-year or 4-year study programs can apply for this card. It offers a 1% return in all shoppings. Moreover, in some special purchases such as spending on restaurants, it provides up to a 5% return. The minimum credit line is 500$. You can transfer it to a standard card after graduation.
● Capital One® Quicksilver® Cash Rewards Credit Card
This card has no annual fee. You can get 1.5x points for all shoppings. Moreover, you can get a 150$ cash bonus after spending 500 $ in the first three months. Capital one offers two credit cards they both have almost similar pros, but one charges a 39$ annual fee, so be careful while choosing your credit card.
● United℠ TravelBank Card
It has no annual fee. So, You can earn 1.5% cash for all shopping; you can earn 2% cash for united purchases. As a welcome bonus, it offers 150$ cash after spending 1000$ in the first three months. This credit card is an excellent choice for travelers. You can get travel bonuses on every purchase.
The best credit card can vary from one person to another. You should choose the best credit card according to your needs and your financial situation. Furthermore, You can choose the card according to your income, type of spending, and your target purchases. Moreover, you can get more than one or two credit cards. According to Experian, each American has 2.5 credit cards on average.
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