Top 5 Credit card in USA 2020

 

Source: Forbes
No single credit card is the best option for every family, every purchase or every budget. Your credit history, the composition of your family, how much you spend and on what, whether you travel abroad and whether you are comfortable having multiple cards could all affect the best card for you.

In short, the best credit card for an affluent single who splurges on foreign travel and eating out may be different than the best for a cost-conscious family that goes camping for vacation and mostly shops at Target.

For this reason, Forbes Advisor has chosen the best credit cards of 2020 in a way designed to be the most helpful to the widest variety of readers. Rather than simply selecting the “best rewards card” or “best cash back card,’’ we’ve attempted, with this list, to highlight the best cards for a variety of situations.

Keep in mind that most Americans have more than one credit card—according to Experian, Millennials have an average of 2.5 credit cards each, and Baby Boomers average 3.5 each. With that in mind, you can choose a card that rewards your spending in certain categories such as groceries or dining, then a flat rate rewards card to compliment it.

  1.  Citi® Double Cash Card
    Up to 2% Reward Rate
    First, you earn 1% unlimited cash back on every purchase you make. 
    Welcome Bonus
    None
    Annual Fee
    $0
    Regular APR
    13.99% - 23.99% (Variable)
    Credit Score
    Excellent (750 - 850)
    Citi® Double Cash Card
    On Citibank's Secure Website

    The Citi Double Cash card tops the Forbes list of the best cash back credit cards, and with good reason. It offers an unbeatable cashback rate on all purchases, plus a long-lasting 0% intro APR offer, all without an annual fee.

     

    2. Best Cash Back Card

    Blue Cash Preferred® Card from American Express

    Up to 6% Reward Rate
    Earn 6% cash back at U.S. supermarkets, on up to $6,000 per year in purchases
    Welcome Bonus
    $250 back
    Annual Fee
    $95
    Regular APR
    13.99%-23.99% Variable
    Credit Score
    Excellent, Good (700 - 749)
    Blue Cash Preferred® Card from American Express
    On American Express's Secure Website
    See Rates & Fees / Terms Apply
    Partner Offer

    Big spenders at US supermarkets and road warriors who frequently spend on gas or taxis, rideshares or transit can rack up impressive cash back rewards.

     

    3. Hilton Honors Aspire Card from American Express *

    Up to 14X Reward Rate
    Earn 14X Hilton Honors Bonus Points on eligible purchases at participating hotels or resorts 
    Welcome Bonus
    150,000 points
    Annual Fee
    $450
    Regular APR
    15.74% - 24.74% Variable APR on purchases
    Credit Score
    Good/Excellent (700 - 749)
    Hilton Honors Aspire Card from American Express

    The flagship card from Hilton, the Hilton Honors Aspire Card from American Express comes with a price tag to match its top-tier status and perks. It's a perfect fit for big spenders who haunt Hilton properties enough to leverage the rich suite of benefits that come with the complimentary Diamond status.

     

    4. Amazon Prime Rewards Visa Signature Card *

    Up to 5% Reward Rate
    Earn 5% Back at Amazon.com and Whole Foods Market; Earn 2% Back at restaurants, gas
    Welcome Bonus
    $70 Amazon.com Gift Card
    Annual Fee
    $0
    Regular APR
    14.24% - 22.24% Variable APR on purchases and balance transfers
    Credit Score
    Good/Excellent (700 - 749)
    Amazon Prime Rewards Visa Signature Card

    For existing Prime members who frequently shop at Amazon and Whole Foods, the 5% rewards rate is stellar. To further sweeten the deal, the Amazon Prime Rewards Visa Signature Card offers a 2% rewards category plus Visa Signature benefits.

     

    5. Target REDcard™ Credit Card *

    Welcome Bonus
    Annual Fee
    $0
    Regular APR
    22.90% Variable APR on purchases
    Credit Score
    Good/Excellent (700 - 749)

    If you shop frequently at Target and pay off your balance every month, you can't beat getting a 5% discount on Target purchases with this $0 annual fee store card.

     

     

     


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