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9 Excellent Credit Cards of 2020

From huge sign-up bonuses to generous rewards, we've picked credit cards that stand out from the crowd. Compare these deals, some of which are from our partners, to find the right one for you.

NerdWallet's Excellent Credit Cards of 2020

Excellent for

Bonus Categories and First Year Cashback Match

Discover it® Cash Back

on Discover's website, or call (800) 347-0264

Rates & Fees

on Discover's website, or call (800) 347-0264

Rates & Fees
Annual Fee

$0

Regular APR

11.99% - 22.99% Variable APR

Intro APR

0% intro APR on Purchases and Balance Transfers for 14 months

Recommended Credit Score
  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • No annual fee.

on Discover's website, or call (800) 347-0264

  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • No annual fee.

on Discover's website, or call (800) 347-0264

Pros

  • Cash back match at the end of your first year
  • Bonus cash back categories
  • No annual fee
  • Intro APR period on Purchases and Balance Transfers

Cons

  • Slightly less merchant acceptance for Discover in US - acceptance outside of US can be an issue
  • If you value simplicity, a flat rate cash back card may be better

Excellent for

Flat Rate Cash Back

Citi® Double Cash Card

on Citibank's application

Annual Fee

$0

Regular APR

13.99% - 23.99% Variable APR

Intro APR

0% on Balance Transfers for 18 months

Recommended Credit Score
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 13.99% - 23.99%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

on Citibank's application

Pros

  • High rewards rate
  • No annual fee
  • Intro APR period on Balance Transfers

Cons

  • No sign-up bonus
  • No 0% APR for purchases
  • $25 minimum redemption

Excellent for

Everyday Spending

American Express Blue Cash Preferred Credit Card

on American Express's website

Rates & Fees
Annual Fee

$95

Regular APR

13.99% - 23.99% Variable APR

Intro APR

0% intro APR on Purchases for 12 months

Recommended Credit Score
  • Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 1% Cash Back on other purchases.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, currently 13.99% to 23.99%.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • $95 Annual Fee.
  • Terms Apply.

on American Express's website

Pros

  • Leading cash-back rewards at U.S. supermarkets
  • Rich bonus offer for new cardholders
  • Intro APR period on Purchases

Cons

  • Has annual fee — but if you spend more than $31 per week at U.S. supermarkets, the rewards offset the fee
  • American Express isn’t accepted at as many merchants as Visa or Mastercard
  • $25 minimum redemption

Excellent for

Long 0% interest periods for balance transfers

Citibank Diamond Preferred Credit Card

on Citibank's application

on Citibank's application

Annual Fee

$0

Regular APR

14.74% - 24.74% Variable APR

Intro APR

0% on Purchases and Balance Transfers for 18 months

Recommended Credit Score
  • 0% Intro APR for 18 months on purchases from date of account opening and 0% Intro APR for 18 months on balance transfers from date of first transfer. After that the variable APR will be 14.74% - 24.74%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
  • Get free access to your FICO® Score online.
  • With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
  • Shop with confidence knowing that you have dependable protection benefits, including $0 Liability on Unauthorized Purchases and Citi® Identity Theft Solutions.
  • The standard variable APR for Citi Flex Plan is 14.74% - 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

on Citibank's application

Pros

  • No annual fee
  • 0% for 18 months on transfers if you qualify

Cons

  • No rewards

Excellent for

Intro APR period with No Annual Fee

Discover it® chrome

on Discover's website, or call (800) 347-0264

Rates & Fees

on Discover's website, or call (800) 347-0264

Rates & Fees
Annual Fee

$0

Regular APR

11.99% - 22.99% Variable APR

Intro APR

0% intro APR on Purchases and Balance Transfers for 14 months

Recommended Credit Score
  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
  • Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. Based Customer Service available any time.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • No annual fee.

on Discover's website, or call (800) 347-0264

Pros

  • Bonus cash back categories
  • No annual fee
  • Intro APR period on Purchases and Balance Transfers
  • No foreign transaction fee

Cons

  • Requires good/excellent credit
  • Discover cards are not widely accepted outside of the U.S.

Excellent for

Cash-Back Pairing with Chase Sapphire Preferred®

Chase Freedom Unlimited Credit Card

on Chase's website

on Chase's website

Annual Fee

$0

Regular APR

14.99% - 23.74% Variable APR

Intro APR

0% on Purchases for 15 months

Recommended Credit Score
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn unlimited 1.5% cash back on all other purchases.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No annual fee
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open.

on Chase's website

Pros

  • High rewards rate and no minimum redemption
  • No annual fee
  • Intro APR period on Purchases

Cons

  • Has foreign transaction fee
  • No ongoing bonus categories
  • Requires good/excellent credit

Excellent for

Everyday Spending With No Fee

American Express Blue Cash Everyday Credit Card

on American Express's website

Rates & Fees
Annual Fee

$0

Regular APR

13.99% - 23.99% Variable APR

Intro APR

0% on Purchases for 15 months

Recommended Credit Score
  • Earn a $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores.
  • 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest.
  • Cash back is received in the form of Reward Dollars that can be redeemed for statement credits.
  • No annual fee.
  • Terms Apply.

on American Express's website

Pros

  • Bonus rewards at U.S. supermarkets and U.S. gas stations
  • No annual fee
  • Bonus offer for new cardholders
  • Intro APR period on Purchases

Cons

  • American Express isn't accepted at as many merchants as Visa or Mastercard
  • Requires good/excellent credit
  • $25 minimum redemption

Excellent for

Flat-Rate Travel Rewards with Miles Match

Discover it® Miles

on Discover's website, or call (800) 347-0264

Rates & Fees

on Discover's website, or call (800) 347-0264

Rates & Fees
Annual Fee

$0

Regular APR

11.99% - 22.99% Variable APR

Intro APR

0% intro APR on Purchases for 14 months and 10.99% intro APR on Balance Transfers for 14 months

Recommended Credit Score
  • UNLIMITED BONUS: Only Discover will automatically match all the Miles you’ve earned at the end your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles.  There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.
  • Earn unlimited 1.5x Miles for every dollar spent on all purchases - with no annual fee.
  • Turn Miles into cash in any amount, any time. Or redeem as a statement credit for travel purchases like airfare, hotels, rideshares, gas stations, restaurants and more with no blackout dates. However you redeem, Miles keep the same value. And Miles never expire
  • No Blackout Dates. Simply pay for travel purchases like airlines, hotels, rental cars, and more with your Discover it® Miles card.
  • Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.

on Discover's website, or call (800) 347-0264

Pros

  • Rewards can be redeemed for travel or cash back at equal value
  • No annual fee or foreign transaction fee
  • Sign-up bonus
  • Flexible redemption options

Cons

  • No luxury perks
  • Other cards offer higher rewards rates
  • Discover cards not widely accepted outside the U.S.
  • Requires good/excellent credit

Excellent for

Airline Miles and a Large Bonus

Chase Sapphire Preferred Credit Card

on Chase's website

Annual Fee

$95

Regular APR

15.99% - 22.99% Variable APR

Intro APR

N/A

Recommended Credit Score
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • 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 unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.

on Chase's website

Pros

  • A large bonus
  • No foreign transaction fee
  • Cool factor - metal card
  • Earn more points on travel and dining at restaurants
  • Premium travel protection benefits

Cons

  • $95 annual fee
Credit CardNerdWallet Rating Intro APRRegular APRAnnual FeeLearn More
Discover it® Cash Back

Discover it® Cash Back

on Discover's website, or call (800) 347-0264

Excellent for Bonus Categories and First Year Cashback Match

0% intro APR on Purchases and Balance Transfers for 14 months

11.99% - 22.99% Variable APR

$0

on Discover's website, or call (800) 347-0264

Citi® Double Cash Card

Citi® Double Cash Card – 18 month BT offer

on Citibank's application

Excellent for Flat Rate Cash Back

0% on Balance Transfers for 18 months

13.99% - 23.99% Variable APR

$0

on Citibank's application

American Express Blue Cash Preferred Credit Card

Blue Cash Preferred® Card from American Express

on American Express's website

Excellent for Everyday Spending

0% intro APR on Purchases for 12 months

13.99% - 23.99% Variable APR

$95

on American Express's website

Citibank Diamond Preferred Credit Card

Citi® Diamond Preferred® Card

on Citibank's application

Excellent for Long 0% interest periods for balance transfers

0% on Purchases and Balance Transfers for 18 months

14.74% - 24.74% Variable APR

$0

on Citibank's application

Discover it® chrome

Discover it® chrome

on Discover's website, or call (800) 347-0264

Excellent for Intro APR period with No Annual Fee

0% intro APR on Purchases and Balance Transfers for 14 months

11.99% - 22.99% Variable APR

$0

on Discover's website, or call (800) 347-0264

Chase Freedom Unlimited Credit Card

Chase Freedom Unlimited®

on Chase's website

Excellent for Cash-Back Pairing with Chase Sapphire Preferred®

0% on Purchases for 15 months

14.99% - 23.74% Variable APR

$0

on Chase's website

American Express Blue Cash Everyday Credit Card

Blue Cash Everyday® Card from American Express

on American Express's website

Excellent for Everyday Spending With No Fee

0% on Purchases for 15 months

13.99% - 23.99% Variable APR

$0

on American Express's website

Discover it® Miles

Discover it® Miles

on Discover's website, or call (800) 347-0264

Excellent for Flat-Rate Travel Rewards with Miles Match

0% intro APR on Purchases for 14 months and 10.99% intro APR on Balance Transfers for 14 months

11.99% - 22.99% Variable APR

$0

on Discover's website, or call (800) 347-0264

Chase Sapphire Preferred Credit Card

Chase Sapphire Preferred® Card

on Chase's website

Excellent for Airline Miles and a Large Bonus

N/A

15.99% - 22.99% Variable APR

$95

on Chase's website

Last updated on August 3, 2020