10 Most Highly Recommended Credit Cards in 2020 See Latest Update
10 Most Highly Recommended Credit Cards in 2020 See Latest Update.
Recommended Credit Cards: Getting a credit card isn’t always the problem, the problem is getting the right credit card for your desired purpose.
In this article, I’ll basically be doing one thing and that is showing you the best credit card to own in 2020.
Chase Sapphire Preferred
The Chase Sapphire Preferred is number one on the list of recommended credit cards on the market. It pays 50,000 bonus points after you spend $4,000 on travel in the first three months after opening your account.
The 50K points are worth $625 if you redeem them through Chase Ultimate Rewards.
Ongoing, you’ll earn two points for every dollar you spend on travel and dining purchases and one point for every dollar you spend on all other purchases.
Rewards are worth 25% more when you redeem them through Chase Ultimate Rewards.
Important Pricing: The regular APR is 18.24% to 25.24%. The $95 annual fee is waived in the first year.
Capital One Savor
The Capital One Savor gives you a one-time $500 cash bonus after you spend $3,000 on buying within three months of opening your account. This puts on the list of recommended credit cards.
Also, you will earn limitless 4 percent cash back on dining and entertainment; 2% back at grocery stores; and 1% back on all other purchases, sound amazing right?
You will need excellent credit to be suitable for the Capital One Savor Rewards credit card which comes with a few other perks plus lengthy warranty, price protection, complimentary concierge services, and 24-hour travel assistance.
Important Pricing: The regular APR is 16.74% to 25.74%, based on your creditworthiness. The $95 annual fee is waived in the first year.
Blue Cash Preferred from American Express
The Blue Cash Preferred from American Express pays you a $200 bonus statement credit after you use $1,000 on buying within the first three months of opening your account.
You will also get 6 percent cash back rewards at U.S. supermarkets up to $6,000 in purchases each year; 3 percent cash rewards on buying things at U.S. gas stations;
and 1 percent on everything else plus grocery purchases past the yearly $6,000 threshold. You can get $360 in cash back just by maxing out the grocery rewards.
Important Pricing: The regular APR after the 12-month 0% introductory promotional period ends is 15.24% to 26.24%. The annual fee is $95.
Chase Sapphire Reserve
The Chase Sapphire Reserve is a top rewards credit card with a huge signup bonus, outstanding perks, and a developed yearly payment.
Get 50,000 bonus points after spending $4,000 on buying things in the first three months after opening your account and you could exchange them for up to $750 in travel credit.
As you go on, you will get three points per dollar on travel after you’ve gotten your $300 yearly travel credit; three points for each dollar on dining worldwide;
and one point for each dollar on everything else. Points are worth 50% more when you redeem them through Chase Ultimate Rewards.
Ink Business Preferred
By using the Chase Ink Business Preferred, you can get 80,000 bonus points for your business just after you spend $5,000 on buying stuff in the first three months after opening your card. Get your bonus via Chase Ultimate Rewards and its value up to $1,000 toward travel.
You will get three points for each dollar on the first $150,000 spending some type of business category per year. They include travel, shipping, internet, cable, phone, as well as social media/search engine advertising purchases. All your other card purchases will earn one point for each dollar with no limitation
Points are worth 25 percent more when you get them for airfare, hotels, car rentals, and cruises via Chase Ultimate Rewards. Also, you can transfer points between other partner rewards programs with 1:1 transfer.
Important Pricing: APR is 18.24% to 23.24%. The annual fee is $95 and there’s no foreign transaction fee.
Gold Delta SkyMiles Credit Card
Spend $1,000 on buying stuff on your new Gold Delta SkyMiles credit card within the first three months of opening your account and get 30,000 bonus miles.
In addition to this, you will get a $50 statement credit after you make a Delta purchase with your card in the first three months.
Ongoing, you’ll earn two miles for each dollar spent on Delta purchases and one mile for each dollar you spent on all other credit card purchases.
Your Gold Delta SkyMiles relinquishes the fee on your first checked bag and you’ll also get Main Cabin 1 priority boarding.
Important Pricing: The regular APR is 17.99% to 26.99% based on your creditworthiness. The $95 annual fee is waived in the first year and there’s no foreign transaction fee.
USAA Visa Platinum Credit Card
The USAA Visa Platinum Credit Card has a low 8.90 percent interest rate on every buying you make; this card is of the lowest interest rates of any credit card.
It should be noted however that you must be a current or retired member of the military or the immediate family member of a current or retired member of the military to join USAA and apply.
If you are Qualified and you get the USAA Visa Platinum Card, you can get 2,500 bonus points with your first purchase — no minimum spending amount needed.
Also, you will get one point for every dollar you spend on all purchases. There’s no limitation to the number of points you can earn and your points never expire.
Important Pricing: After a six-month 0% promotional period, the regular APR is 8.90 to 25.90%. There is no annual fee.
U.S. Bank Visa Platinum
Looking for a credit card with a long promotional period? The U.S. Bank Visa Platinum is undoubtedly the best choice for you. Enjoy 0 percent APR on every buying you make and balance transfers for the first 18 billing cycles.
There aren’t lots of extra rewards outside the promotional interest rate. However, you’ll get up to $1,200 in cell phone protection each year when you pay your cell phone bill with your credit card.
If you’re presently paying insurance via your cell service provider, you cancel and save on your monthly cell phone bill.
Important Pricing: The regular APR after the promotional period ends is 14.74% to 25.74%. There’s no annual fee.
Open Sky Secured Credit Card
Having presently delinquencies or bankruptcy can make it pretty hard to get accepted for most credit cards — even some secured ones but it is not the same with The Open Sky Secured credit card.
It doesn’t need a credit check which means you can be approved if you have trouble clearing other credit card applications.
You can open your card by making a security deposit between $200 to $3,000 via debit card, wire transfer to Capital Bank, Western Union, or by mailing a check or money order.
While Open Sky does report your credit history to the three major credit bureaus, your card won’t convert to an unsecured credit card no matter how well you manage your account.
After you manage your account well for several months, you may qualify for an unsecured credit card with another credit card issuer.
Important Pricing: The APR is 19.39%. The annual fee is $35.
Discover it Secured Credit Card
The Discover it Secured credit card pays 1 percent cash back at restaurants or gas stations on up to $1,000 in mixes purchases for each quarter and 2 percent cash return on all other purchases.
Additionally, as a bonus, Discover will automatically match all the cash back you earn in your first year.
To open a Discover it secured credit card, you have the option of making a security deposit between $200 and $2,500. (Your credit limit is equal to your security deposit.)
Beginning at eight months, Discover will analyze your account history to define if you can get repayment of your security deposit and keep your credit limit.
Important Pricing: The APR is 24.99% and there is no annual fee.
CSN Team.
