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The Best Credit Card for You in 2020

The Best Credit Card for You in 2020

There are a lot of credit card options out there. How do you pick the right one for you? We’ve narrowed down which credit cards should be in your wallet this year based on your credit and lifestyle goals. Whether you are looking for the Best Travel Card or a card for your Bad Credit , we’ve got you covered.

If you don't know what type of credit you have, you can find out here for free.

Best Card for Cash Back Rewards:

Chase Freedom Unlimited®

The Chase Freedom Unlimited® is best for those with good/excellent credit that want to earn cash back without paying an annual fee. You’ll earn unlimited 1.5% cash back on ALL purchases and the cash back rewards never expire for as long as your account is open. This card also has 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.74% - 27.49%.

Chase Freedom Unlimited®

Credit Recommended (660-850):
Good/Excellent
Learn More
Chase Freedom Unlimited®
Editor’s Rating: 4.7
4.7
Credit Recommended (660-850):
Good/Excellent
Intro (Purchases)
0% Intro APR on Purchases 15 months
Intro Rewards Bonus
Up to $300 cash back
Annual Fee
$0
Learn More on Chase secure website.
Intro (Transfers)
0% Intro APR on Balance Transfers 15 months
Regular APR
18.74% - 27.49% Variable
Credit Recommended
Good/Excellent

Highlights

  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
  • Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.74% - 27.49%.
  • No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
  • Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
See additional details for Chase Freedom Unlimited®

Best Card for Fair Credit (600-680 score):

PREMIER Bankcard® Mastercard® Credit Card

With fair credit, it will be difficult to qualify for a rewards card, however, a card like the PREMIER Bankcard® Mastercard® Credit Card is a great way to start getting that credit score up. This card has a manageable credit limit, meant to fit your budget and getting you back on track with timely payments.

PREMIER Bankcard® Mastercard® Credit Card

Credit Recommended:
Fair/Poor
Credit Recommended:
Fair/Poor
Checking Account Required
Yes
Reports to Consumer Reporting Agencies
Yes
Card Brand
Mastercard®
Apply Now on PREMIER Bankcard® secure website.
Credit Recommended
Fair/Poor

Highlights

  • Don’t let a low FICO score stop you from applying – we approve applications others may not.
  • You don’t need good credit to apply.
  • Just complete the short application and find out in 60 seconds if you’re approved.
  • When you need assistance our award-winning US-based Customer Service agents are there to help.
  • FICO scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any PREMIER Bankcard® product.
See additional details for PREMIER Bankcard® Mastercard® Credit Card

Best Card for Travel Rewards:

Chase Sapphire Preferred® Card

If you are looking for an amazing intro bonus and free travel opportunities, the Chase Sapphire Preferred® Card kicks your rewards in high gear with our best offer ever! Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel. Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024. You will need good to excellent credit to qualify for the Chase Sapphire Preferred® Card.

Chase Sapphire Preferred® Card

Credit Recommended (660-850):
Good/Excellent
Learn More
Chase Sapphire Preferred® Card
Editor’s Rating: 4.8
4.8
Credit Recommended (660-850):
Good/Excellent
Intro Rewards Bonus
60,000 bonus points
Rewards Rate 1
5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases
Foreign Trans Fee
$0
Learn More on Chase secure website.
Annual Fee
$95
Regular APR
19.74% - 26.74% Variable
Credit Recommended
Good/Excellent

Highlights

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
See additional details for Chase Sapphire Preferred® Card

Best Card for Poor Credit (Less than 600 score):

First Digital Mastercard®

If you have poor credit (less than 600 score) you may be wondering which card you can actually qualify for? The First Digital Mastercard® is a great option for those looking to improve their credit. This card reports to all major credit bureaus giving you the opportunity to help you improve your credit score as long as it is used responsibly. The First Digital Mastercard® gives you the convenience of a full-feature unsecured MasterCard®.

First Digital Mastercard®

Credit Recommended:
See website for Details*
Credit Recommended:
See website for Details*
Regular APR
35.99%
Cash Advance APR
35.99%
Annual Fee
$75.00 for first year. After that, $48.00 annually.
Apply Now on Synovus Bank secure website.
Late Payment Fee
$40
Activation Fee
$95.00 (one-time fee)
Cash Advance Fee
Either $10, or 3% of the amount of the Cash Advance, whichever is greater.

Highlights

  • Get the security and convenience of a full-feature, unsecured MasterCard® Credit Card – accepted at millions of merchant and ATM locations worldwide and online.
  • Build up your credit history with a card that reports to all three major credit bureaus every month.
  • Perfect credit not required for approval; we may approve you when others won’t.
  • Easy and secure online application – It takes just moments to apply.
  • Issued by Synovus Bank, Member: FDIC
See additional details for First Digital Mastercard®

Unfortunately, most people don’t realize what credit cards they will actually qualify for. If this feels like you, you can get matched to the top credit cards specifically for you based on your credit score through the CreditSoup Card Finder . It’s a great tool to take the guesswork out of finding your next card!

Editorial Disclaimer: Information in these articles is brought to you by CreditSoup. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles. The information is accurate to the best of our knowledge when posted; however, all credit card information is presented without warranty. Please check the issuer’s website for the most current information.



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Editor’s Rating

Our editors review each credit card and provide our ratings based on the features the credit card offers consumers including the fees, interest rates, benefits, rewards, and how it compares to other credit cards in its category. Card ratings may vary by category as the same card may receive a different rating based on that category.

CreditSoup.com may be compensated by companies mentioned on our site when a consumer’s application is accepted or approved by the company.