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Best credit cards of 2020

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Upgrade Credit Card

Why we recommend it:

The Upgrade credit card is perfect for those looking to responsibly build and manage their credit. The perks include a 0% foreign transaction fee, no annual fee, and no hidden banking fees. Conveniently, the card can be used wherever Visa is accepted. Once approved, you will immediately have access up to $20,000, which will fall within the $500-$50,000 credit line range that Upgrade offers. This card is a great way to expand your flexible credit limit while also building your credit mix.

Capital One SavorOne Cash Rewards Credit Card

Why we recommend it:

Foodies and active individuals will benefit the most from the Capital One SavorOne Cash Rewards Credit Card. Unlimited 3% cashback on dining and entertainment, followed up with 2% at grocery stores, and 1% on every other purchase… while charging absolutely no annual fees or fees on foreign transactions?! Allow your belly to benefit as much as your account!

Capital One Venture Rewards Credit Card

Why we recommend it:

Just as recently as 2018, CNBC named this product ‘The Best Travel Card’. It’s easy to understand why, when you take into account that you will be able to earn 2x miles for every purchase. That is just the tip of the iceberg. This card comes with many perks, including a $100 application credit for Global Entry and an $85 credit for TSA Pre✓®. Venture freely!

Avant Credit Card

Why we recommend it:

The AvantCard offers a secured card alternative for individuals who may either have limited or bad credit allowing them the opportunity to build credit with a minimally constructed product. Pre-qualification approval and the removal of a security deposit on account opening helps erase the hurdles many face when applying for a new product. Additionally, there is no foreign transaction fee allowing all cardholders a worry-free mindset when making purchases while traveling abroad. Another highlight is this card carries a maximum $1,000 card limit (compared to most secured cards going up to $2,500) which makes this an ideal learner card.

The Platinum Card from American Express

Why we recommend it:

The Platinum Card from American Express makes it so that every cardholder has access to a wide range of travel perks: upgrades, travel credit, insurance, access to lounges worldwide, and numerous other luxury benefits. When you book directly with any eligible partners, you will receive 5X points. WOW! High rewards and top perks make this card one of the best on the market!

Blue Cash Preferred Card from American Express

Why we recommend it:

The American Express Blue Cash Preferred card does exactly this with their high rewards in supermarkets, gas rebates, and streaming categories allowing your daily expenses to reward you. Additionally, you will start off with some leeway, as this card comes with a 12 month period of 0% APR and Balance Transfers.

Capital One Quicksilver Cash Rewards Credit Card

Why we recommend it:

The sign-up bonus will usually catch an eye, but what if we told you about a few more benefits! After racking up your points (unlimited 1.5% cashback on every purchase), you can redeem those points for cashback or gas rebates at any time for any amount—no minimum required! In addition, you will be starting off with a 15 month period of 0% APR, making this one of the longest runways you could ask for! I almost forgot to mention, there are absolutely no foreign transaction fees whilst traveling abroad! All-around, a very solid card that can match the credit building needs of any applicant, while charging no annual fee!

Wells Fargo Platinum®

Why we recommend it:

This card is able to shine in places where traditional cash back or high rewards cards usually do not. The 18 month runway of chargeless financing gives every cardholder a great opportunity to recalibrate their finances! A perfect card if you are a business owner or bootstrapping a new venture where you can finance expenses simultaneously growing your company!

Brex Card for Startups

Why we recommend it:

The Brex card was one of our first business credit cards and for good reason. Without the need to pull your credit score, Brex underwrites your business, considering factors such as your cash balances and spending patterns allowing you to access more credit. Have to travel internationally for work as well? No problem, Brex charges absolutely nothing for foreign transactions.

Novo - Free Business Checking Account

Why we recommend it:

No extra fees here! Novo is a business account with no hidden fees, enabling you to save and keep growing your business. Banks usually charge growing companies excessively which can make it a struggle to grow. We have a lot of users that have run into unexpected bank fees. With Novo, you can continue to hold onto your earnings with no money transferring fees and refunds on all ATM charges. Now that’s a smart way to build your business and get rid of unnecessary losses at the same time!

Wells Fargo Cash Wise Visa®

Why we recommend it:

The Wells Fargo Cash Wise Visa card is one of few cards that offer 1.5% cash back on your purchases with no annual fee. In addition, this card also has a unique offer of an excellent signup bonus with rewards boost for both gas rebates and when using digital wallets. Coupled with 0% APR for the first 15 months, this card is a standout! If you’re a mobile wallet user, this is made for you!

American Express Business Gold Card

Why we recommend it:

The American Express® Business Gold Card creates a tailored experience for its business-owning cardholders. One main feature—the 4X elevated rewards—are automatically customized to your top spending categories each month. There’s no need to keep tabs yourself! As your company grows, allow this card to help reward you at a higher level.

Deserve EDU Mastercard

Why we recommend it:

The Deserve® Edu Mastercard is an excellent card for students looking to build credit as having a previous credit history and security deposit is not required. Another perk allows international students to apply without the need for a Social Security Number, making it one of the only cards with this offer. Take note of the term 'international', as this card has zero charges on foreign transactions. The best part is you will be earning an unlimited 1% cashback on all purchases, allowing for perfect rewards for students. Earning rewards while building credit? A rare combination for a starter card.

Chase Freedom Flex

Why we recommend it:

Chase Bank's newest credit card offers many substantial features for a no-annual-fee card. For instance, rotating rewards categories allow cardholders to cash in across multiple spending verticals throughout the year. Additionally, cardholders can transfer their Chase Ultimate Rewards points to other Chase products, primarily with the Sapphire Preferred, with the combination leading to a redeeming multiple of 1.25x towards travel. Earn consistently and more than ever with a foundation card targeted towards those with above-average credit that acts as a luxury card without any (hidden) fees.

Wells Fargo Propel American Express Card

Why we recommend it:

The Wells Fargo American Express Propel Card is racing for the lead spot for travel cards by means of waiving annual fees paired with great incentives to apply and strong rewards points. Most cards with no annual fee provide up to 2x points. In addition, there's a 12 month period of 0% on both APR and Balance Transfers, allowing the cardholder optimal time to take advantage of all the perks! This card stands at the top of its league as a great travel rewards card. Finally, this card also boasts absolutely no foreign transaction fees! A winner in our books!

American Express Gold Card

Why we recommend it:

Few cards include supermarkets in their rewards offering, let alone an outstanding 4x points on dining and food. This card offers 3x points on travel, but it only starts there. Food and travel perks kick in with $120 dining credit, $100 airline fee credit, and free bags/ in-flight meals covered by American Express. If you like food and travel, this may be an excellent choice for you!

United Explorer Card

Why we recommend it:

The United Explorer Card, powered by Chase Bank, offers amazing benefits for potential cardholders looking to capitalize on traveling with United Airlines including flights, restaurants, and hotel stays. Travel very often? The good news, cardholders can receive up to $100 as a statement credit for either Global Entry or TSA PreCheck™ every 4 years as reimbursement for the application fee when charged to your card. Additionally, cardholders are entitled to two annual lounge passes, therefore you can bring a Co-Pilot of your choice.

Citi Simplicity® Card

Why we recommend it:

Simplicity at its best. The Citi Simplicity card 's clear purpose: gain credit card benefits without the fees. This card makes it easy to build up and use credit - knowing it has no late fees, no annual feels and no penalty fees - letting you keep your finances in the clear as you also can make good use of the 0% APR and 0% balance transfer terms! Keeping it simple, we highly recommend the Citi simplicity card for it’s friendly promise of no fees and strong 0% financing terms!

OpenSky Secured Visa Credit Card

Why we recommend it:

The OpenSky Secured Visa Credit Card is the perfect tool to help consumers with thin credit files build their credit. If that sounds like you, look no further! Fun Fact: No credit check or bank account is necessary to apply, meaning there will be no inquiries on your credit reports, saving you from a potential score drop from a typical hard-pull. Additionally, your credit limit, which ranges from $200 to $3,000, is determined by the refundable deposit you make when opening your account. In other words, you control how much credit line you get! This card is excellent for newcomers or those who are looking to rebuild their credit.

Self Credit Builder Account

Why we recommend it:

A true game-changer, Self, unlike typical credit builder loans, will set you up to fund a certificate of deposit (CD) through a Credit Builder Account. You are able to make deposits into a savings account, which then acts as security for a credit card of the same amount. Therefore, instead of making a security deposit, Self has set up a loan program in which the payments go into a CD. As you start making your monthly payments on time you will not only improve your credit rating (wherein the average user sees a credit score increase of 32 points), but you will also have a fully funded CD at the end of the program! Additionally, the annual percentage rate (APR) for all accounts comes out to a lower interest rate than many other creditors would charge.

Credit One Bank® Unsecured Visa® with Cash Back Rewards

Why we recommend it:

The Credit One Bank Unsecured Visa Card is an alternative for those looking to build credit without the deposit required for a secured credit card. This product offers many benefits including 1% cash rewards on eligible purchases, zero fraud liability, and the chance for a $0 annual fee dependent upon your initial available credit line. Additionally, cardholders who manage their credit usage and make timely payments in full each month can graduate to a lower-fee credit card while simultaneously building their credit.

TD Cash Visa Credit Card

Why we recommend it:

The TD Cash Visa Credit Card rivals any and all (rare) $0-annual-fee products that earn bonus rewards on dining and grocery store purchases. A significant plus is there are no caps or limits as long your account is in good standing, allowing cardholders to stack up reward points for future purchases. An ideal product for frequent diners and at-home-chefs to liven up their foodie experience.

Chime

Why we recommend it:

Chime has emerged as one of the most popular online banking options providing all users with a debit card, a checking account, and an optional savings account. A core focus of Chime is to reduce unnecessary fees the average consumer is spending while using a regular bank or credit union. Therefore, Chime goes above and beyond to provide a straightforward banking experience for its users with zero hidden fees. Also, there are many cost and saving efficient tools that Chime offers, including SpotMe, which covers purchase overdrafts of up to $100 with no fees. By addressing prominent concerns and obstacles, Chime has set itself apart from other alternatives.

Chase Freedom Unlimited

Why we recommend it:

Being the newer sibling to the Chase Freedom card, there are noticeable improvements to acknowledge: there are zero category limitations. Unlike its predecessor, this card offers a flat 1.5% cashback rate on every purchase. Coupled with no annual fee, this is one the best and most accessible starter cards on the market. In addition, there's a 15 month period of 0% APR and 0% on Balance Transfers, providing a long period to take advantage of such a rare benefit! Well done, Chase!

Chase Sapphire Reserve

Why we recommend it:

The Chase Sapphire Reserve credit card has consistently earned a reputation for being one of the best travel cards offering premium rewards available today. If you are looking to gain benefits while traveling (whilst being charged 0% on any foreign transactions), we recommend you to start with this card. This card carries a fair annual fee of $550, however the average cardholder earns $717 in annual rewards, allowing you to gain a more net positive return as your rewards points and bonuses will accumulate quickly. In addition, it offers credit towards many services such as Lyft, TSA Pre-Check, and many others!

Milestone Unsecured Mastercard

Why we recommend it:

The Milestone Unsecured Mastercard is a solid first step for individuals looking to rebuild their credit. Milestone reduced the speedbumps usually seen during the application process such as providing an easy pre-qualification process that does not affect your credit score, accepting any previous bankruptcies, and reducing the floor for eligibility. Additionally, there is no deposit required during the application making this product one of the simplest lines of credit to get approved for.

Capital One Secured Mastercard

Why we recommend it:

The Capital One Secured Mastercard is Capital One's premier offering for credit building seekers. The perks heavily outweigh the minimal required deposit needed for an application while offering a fast track path for cardholders to build their credit limit within the first 5 months when making on-time payments. Additionally, there is no annual fee and foreign transaction key, making this one of the few secured cards on any marketplace with those benefits.

Indigo Platinum Mastercard

Why we recommend it:

The Indigo Platinum Mastercard is a good card for those looking to build or rebuild credit with minimal hurdles. This card provides a standard credit limit with no security deposit due at application and offers a $0 annual fee for the first year, allowing cardholders to start building credit immediately. However, there are no rewards points or welcome offers that come with this product, strictly adhering to being a foundational tool towards credit re-establishment.