There are many credit cards available if you're looking for the best in 2020. There are several options available, including High-tier rewards, Balance transfer and Student cards. But how can you tell which card is best for you? We've put together a list of the best credit cards for 2020 based on our methodology. Keep reading to discover what we mean. Our methodology has helped us sort through hundreds of offers from over 60 companies.
Credit cards with no interest
A number of attractive deals are available to new cardholders due to the intense competition among credit card issuers. Many of these deals provide interest-free credit card for a 12- to 21-month period. These offers are not available forever. There is no annual fee or balance transfer fee. Any balance remaining after the introductory period ends will begin to accrue interest at the regular rate of 12-25 percent annually.
You can avoid paying interest on any new purchases by making sure you pay your entire balance each month. If you need to make big purchases, a card with low interest rates might be more practical. These situations call for a low APR interest-free card. A 0% introductory card is available for those with low monthly expenses.
High-tier rewards cards
You have many options for rewards credit cards. However, you need to remember that interest rates will rise year-round if you have a balance. You can save money this year by taking advantage of extended 0% balance transfer windows. These deals are available for existing customers and not only new applicants. Our 51 picks for the best rewards credit cards of 2020 cover 17 categories. These cards provide strong rewards for any type of purchase, and have simple rules.
Chase Freedom Unlimited: This card gives you 5% cashback for pre-paid travel reservations as well as other purchases. Other categories of rewards include gas stations, restaurants, or internet purchases. Cash back can be redeemed for any amount. It can be used to fund your bank account or as a credit. You can also use the cash back of 5% to purchase a gift voucher if you wish to give a charity gift. Other perks come with the Chase Freedom Unlimited card. 100 dollars in statement credits will be available for eligible software subscriptions.
Credit cards for students
A student credit card is one way to build a good credit score. Credit card users can get rewards like store coupons and air miles if they use their credit card responsibly. You must pay your balance in full each month to earn rewards. You may be able to earn rewards depending on which card issuer you have. These tips will help to build your credit score.
Before you apply for a card, it is important that you understand the various benefits and features provided by the company. Most student cards offer 1% cash back on purchases and some even offer bonus rewards if you make your payments on time and spend a certain amount of money in the first few months of account opening. Moreover, most student cards report to all three major credit bureaus. You can also add years of positive credit information to your credit score by paying on time.
Transfer cards for balances
Consider your credit score, what you owe and whether you can afford high interest rates when looking at balance transfer credit cards. These factors will determine which balance transfer credit card is best for you. This comparison has helped make it easier to compare hundreds of cards. Five cards have no annual fees and none have annual fees.
One of the benefits of balance transfer credit cards is the fact that you can consolidate your debt into one low monthly payment. You may be eligible for the best offers if your credit is excellent. Balance transfer cards with the best rates come with an initial period. After that, your balance will be charged at a regular rate. Many offer small cash back rewards. Balance transfer credit cards can be a great option for those who want to quickly pay off their debt.