Best Credit Cards 2020

Best Credit Cards 2020

Best Reward Credit Cards 2020 – Complete Guide

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How do I choose the best reward credit card that suits me?

Cards that give rewards can be overwhelming at first instance since they require you to evaluate the cost of the annuity if you have it with the reward.

Best Reward Credit Cards 2020
Best Reward Credit Cards 2020

Usually, if you don’t want to pay the annuity, the reward is cash, but if a card has an annuity, you can earn better rewards such as miles, flights, hotel stays and more. The main key to reward cards is to see the category of expenses. There are cards that pay you a percentage when you buy at the supermarket, trips, hotels, gasoline or any purchase. And there are also cards that rotate these categories.

When evaluating the following cards, think about the expenses you already make anyway, not what you should do. For example, if you are someone who travels a lot or spends a lot on gas, take advantage of a card with the corresponding category. But, on the contrary, if you don’t fly much, a flight card won’t suit you.
What is the secret to maximizing rewards? Have about two cards and only use them to take advantage of the categories. Maybe a card is only to buy the super and gasoline and another cash-back for any other purchase. Note that this strategy requires that you be super organized and have full control of your finances.

List of Best Reward Credit Cards 2020

Cards Rating Apply
CHASE SAPPHIRE RESERVE ⭐⭐⭐⭐⭐
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INK BUSINESS PREFERRED ⭐⭐⭐⭐⭐
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PLATINUM CARD ⭐⭐⭐⭐
Apply Now
AMERICAN EXPRESS GOLD ⭐⭐⭐⭐⭐
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CITI PREMIER CARD ⭐⭐⭐⭐⭐
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BEST REWARD CREDIT CARDS 2020: CHASE SAPPHIRE RESERVE

BEST REWARD CREDIT CARDS 2020: CHASE SAPPHIRE RESERVE
CHASE SAPPHIRE RESERVE

Type of Credit: Excellent

(740-850)

MAIN BENEFITS:
  • The introductory bonus of 50,000 points when you spend $ 4,000 during the first 3 months. This is equivalent to $ 750 dollars that you can use to travel.
  • Start accumulating 3X in redeemable points for trips after accumulating $ 300 dollars in redeemable points.
  • Covers $ 100 of the application for Global Entry or TSA Pre.
  • $ 450 of Annuity.
  • Access to 1,000+ exclusive rooms (lounges) in airports.

APR Intro APR Tranf. Balance APR Variable Annual cost
N / A N / A 17.99% - 24.99% $ 450
Apply Now

 

BEST REWARD CREDIT CARDS 2020: INK BUSINESS PREFERRED

INK BUSINESS PREFERRED CREDIT CARD
INK BUSINESS PREFERRED CREDIT CARD

Type of Credit: Excellent

(740-850)

MAIN BENEFITS:
  • The introductory bonus of 80,000 points when you spend $ 5,000 during the first 3 months. This is equivalent to $ 1,000 dollars that you can use to travel.
  • Start accumulating 3X in redeemable points in the first $ 150,000 in travel purchases and other business categories.
  • Cards for your employees at no additional cost.
  • $ 95 of Annuity.
  • No foreign transaction fee

APR Intro APR Tranf. Balance APR Variable Annual cost
N / A N / A 18.24% - 23.24% $ 95
Apply Now

 

BEST REWARD CREDIT CARDS 2020: PLATINUM CARD FROM AMERICAN EXPRESS

The American Express Platinum card
The American Express Platinum card

Type of Credit: Good to Excellent

(670-850)

MAIN BENEFITS:
  • Accumulate 60,000 points when you accumulate $ 5,000 in purchases during the first 3 months.
  • Earn 5X in points when you buy flights directly with airlines or with American Express Travel.
  • $ 550 Annuity.
  • 1.5 million establishments accept AMEX in the United States.

APR Intro APR Tranf. Balance APR Variable Annual cost
N / A N / A N / A $ 550
Apply Now

 

BEST REWARD CREDIT CARDS 2020: AMERICAN EXPRESS GOLD

Best Luxury Credit Cards 2020 - American Express Gold Card
American Express Gold Card

Type of Credit: Good to Excellent

(670-850)

MAIN BENEFITS:
  • Accumulate 35,000 pts when you accumulate $ 2,000 in purchases during the first 3 months.
  • Accumulate 4X points in restaurants. 3X on flights made directly with airlines or with American Express Travel.
  • $ 250 Annuity.
  • 1.5 million establishments accept AMEX in the United States.

APR Intro APR Tranf. Balance APR Variable Annual cost
N / A N / A N / A $ 250
Apply Now

 

BEST REWARD CREDIT CARDS 2020: CITI PREMIER CARD

CITI PREMIER CARD
CITI PREMIER CARD

Type of Credit: Excellent

(740-850)

MAIN BENEFITS:
  • Accumulate 50,000 points after spending $ 4,000 on purchases during the first 3 months.
  • Earn 3 points for every dollar spent on travel and gas stations
  • Immediate customer service just by saying the word “representative.”
  • No fee for foreign transactions.
  • The points do not expire while you keep the account active

APR Intro APR Tranf. Balance APR Variable Annual cost
N / A N / A 16.74% - 25.74% $ 0 first year; $ 95 every year after
Apply Now

 

Our suggestion for the best reward credit cards 2020

American Express Hilton Honors Surpass Card

WELCOME BONUS

  • Hilton Only Special Offer: Earn 130,000 Bonus Points
  • Earn 130,000 Bonus Points after making purchases for $ 3 or more with your new card during the first 2,000 months of card membership.

HILTON HONORS BONUS POINTS IN ELIGIBLE PURCHASES

  1. Earn 12 Hilton Honors bonus points for every dollar you spend on eligible purchases charged directly to the card with a hotel or resort from the Hilton portfolio.
  2. Earn 6 Hilton Honors bonus points for every dollar you spend on eligible purchases on your card:
    • In restaurants in the United States
    • In US supermarkets UU.
    • At gas stations in the United States
    • Earn 3  Hilton Honors Bonus Points for all other eligible purchases you make with your card.

STATE

  • Enjoy the complimentary Hilton Honors Gold level with your card.
  • In addition, spend $ 40,000 on eligible purchases with your card in a calendar year, and you can get an upgrade to the Hilton Honors Diamond level until the end of the next calendar year.

WEEKEND REWARD NIGHT

Get a weekend reward from Hilton Honors after making purchases for $ 15,000 with your card in a calendar year.

PRIORITY PASS

  • Relax with 10 free visits to airport lounges every year once you sign up for the Priority Pass ™ Select courtesy membership, which gives you access to more than 1,000 lounges in more than 120 countries.
  • NO CHARGES FOR TRANSACTIONS WITH FOREIGN CURRENCY Enjoy your international travel without paying additional charges for purchases made abroad.
  • ANNUAL QUOTA
  • $ 95 per year *

WHY IS IT IMPORTANT TO HAVE A CREDIT CARD IN THE UNITED STATES?

  • The simplest reason is called a credit history. If you want to take out a loan, buy a car, or a house, you need a good credit or credit score.
  • The easiest way to start making a good credit history is to take out a credit card and pay it in full every month.
  • You could say, “but I don’t want to borrow.” The reality is that banks need an indicator that proves that you can handle debts with reliability – so a credit card is ideal and necessary to form a good track record.

HOW DO I REQUEST A CREDIT CARD?

The first thing you need is to know:

  • What type of credit do you have (credit score)
  • What kind of benefit are you looking for (points, trips, cash, etc.)

Once you identify what type of card you need, you can apply.

  • Online (online)
  • By phone
  • In a bank

WHAT ARE THE BEST CREDIT CARDS?

The best card is the one that best suits your needs. Usually, the best cards:

  • They are free (no annual cost)
  • Annual cost lower than the points you are going to get
  • Offer low interest
  • They give you cash benefits or miles for flights
  • They allow you to qualify

For more information, check this article:

Best Credit Cards 2020

Other elements to take into account:

  • Your type of credit (good, bad, null, etc)
  • Type of benefit (cash, flights, low interest, etc.)
  • Issuing company and bank of your choice

WHAT ARE THE REQUIREMENTS TO GET A CREDIT CARD?

Usually, banks need:

  • Your social security number
  • Income
  • Credit history ( credit score )
  • Desired credit limit (how much you need a limit on the card

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