Top 3 Credit Cards of 2020
The best part about living in a world full of various kinds of people is the unique quality of differences in their characteristics. People’s shopping trends, the way they spend money, the kind of food they like; all these things have a different expression for each individual.
That being said, no single credit card could fulfill everyone’s distinct needs and lifestyle. Credit cards simply do not follow the idea of “one size fits all”. The best credit card for you depends on several factors like whether you need one for yourself or your family, how much you spend on luxurious activities like traveling, how much your annual income is, etc.
This goes to show that credit card usage for most people differs from one another. For example, somebody who travels abroad frequently and indulges in leisure purchases needs a different credit card compared with someone who limits to essential commodities.
Everybody’s needs are unique. To address this standpoint, we’ve picked out some of the best credit cards of 2020 that would suit several cases.
1. Blue Cash Preferred from American Express
The Blue Cash Preferred from American Express is a great cashback card. The reward rate for this credit card is up to 6%, with a credit score of 700 to 749. American Express is offering a limited time deal wherein consumers don’t have to pay for the first year. From the following year, the fee is $95.
They also have a welcoming bonus in place for prospective customers. Within the first six months of receiving the card, if you spend $3000, then you receive $300 as a bonus. Both the welcoming bonus and annual fee offer expire on 12/10/2020.
This credit card is especially beneficial for people who spend a lot at U.S. supermarkets, gas, taxis, and other public transportation.
2. CitiⓇ Double Cash Card
The selling point of the CitiⓇ Double Cash Card is that it has no annual fee. The reward rate for this credit card is up to 2%, with a regular APR of 13.99% – 23.99%. It has an excellent credit score of 750 – 850.
With this credit card, potential consumers have the advantage of earning 2% on each purchase. They also receive an unlimited 1% cashback on all purchases, with an added 1% for paying the minimum due in time.
Please note that transfers of balance are not eligible for any cashback on this credit card.
3. Chase Sapphire PreferredⓇ Card
The Chase Sapphire PreferredⓇ Card is perfect for anyone who loves to travel. Consumers can earn up to 60,000 bonus points for spending $4000 in the first three months of opening their account. If redeemed through Chase Express Rewards, that’s worth $750, with an additional 25% value.
As a cherry on top, consumers can get free delivery on orders over $12 on food purchases with DashPass and DoorDash’s subscription programs. Furthermore, till April 30, 2021, users of this credit card can earn 2x total points over $1000 purchases in grocery stores.
With 2x reward rates on traveling and dining in restaurants globally, this is a great credit card for people who have a knack for travel.
In conclusion, whether you’re a regular shopper at Target or like to order takeout every night, the right credit card can make your life a whole lot easier. We hope you find the best credit card without making any compromises in the way you live your life.
