About a year ago, my best friend told me that he traveled for free. Baffled, I asked him what he meant by that. Imagine my surprise when he said he traveled by using his credit card for miles and rewards.
I didn’t know about this world, but that didn’t mean it wasn’t there. Reward credit cards have been around for years. When it comes to traveling, travel perks are nice, but you really want to make sure you earn a lucrative sign-up bonus and generous rewards for each dollar you spend on your card as well. To help with your search, the editorial team at ConsumersAdvocate.org compared hundreds of credit cards in terms of their earning rates, welcome bonuses, travel benefits, and fees.
There are hundreds of credit card issuers in the United States, and each one offers something between a handful and dozens of credit cards. It’s therefore impossible to evaluate all the cards on the market, and it’s necessary to narrow the selection down.
In some ways, choosing the right credit card is like choosing the right kind of car to buy, since you’ll first need to decide what you’ll use it for. Just as you would need a different kind of car for hauling lumber than you would for driving across the country, you’ll want a different card if your goal is to rebuild your credit, earn rewards, or save money on interest.
Here are ConsumersAdvocate.org’s best credit cards of 2020:
Chase Sapphire Preferred® Credit Card
Chase Sapphire Reserve® Credit Card
Citi® Double Cash Credit Card
Citi Rewards+℠ Credit Card
Citi® Diamond Preferred® Credit Card
PenFed Power Cash Rewards Visa Signature® Credit Card
PenFed Platinum Rewards Visa Signature® Credit Card
PenFed Gold Visa® Credit Card
Blue Cash Preferred® Card from American Express
The Platinum Card® from American Express
Chase Freedom Unlimited® Credit Card
Mastercard® Black Card™
American Express® Business Gold Credit Card
American Express® Gold Credit Card
Chase Freedom Flex℠
U.S. Bank Altitude® Go Visa Signature® Credit Card
Capital One Venture® Rewards Credit Card
Petal 2 Cash Back Visa® Credit Card
To learn more about this list and why these choices are the top-ranked, please visit ConsumersAdvocate.org.
It doesn’t matter when you travel to Europe, make sure you have a Chip and Pin credit card ready. You can learn why here.”
Raúl A. Menéndez