If you want the best credit card in 2020, you have many options. These include Balance transfer, student, and high-tier rewards cards. How do you know which card is the best? Based on our research, we have compiled a list with the top credit cards for 2020. Continue reading to learn more. Our methodology has helped us sort through hundreds of offers from over 60 companies.
Cardholders can get interest-free credit
New cardholders have access to a variety of tempting deals due to increased competition between credit cards issuers. These deals offer interest-free credit cards that last for a period of 12 to 21 month. These offers are not available forever. There is no annual fee or balance transfer fee. Once the introductory period is over, any remaining balance will begin accruing interest at the regular rate, which may be between 12 and 25 percent annually.
To avoid interest charges on future purchases, you should pay your balance each month in full. You might need to pay off the balance in full each month for large, one-off purchases. A card with a lower interest rate may be more appropriate. You should choose an interest-free card that has a lower APR. 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. This year, extended 0% introductory balance transfer windows will help you save money. These deals are available to all customers, not just those who apply. These 51 top-rated rewards credit cards for 2020 are available in 17 categories. With simple rules, they offer strong rewards on all purchases.
Chase Freedom Unlimited Credit Card: Get 5% cashback when you make prepaid travel reservations or other purchases with this credit card. Other categories of rewards include gas stations, restaurants, or internet purchases. The cash back is redeemable for any amount. It can be used as a bank deposit or account credit. If you would prefer to give a donation to charity, you can use the 5% cashback for a gift card purchase. Other perks come with the Chase Freedom Unlimited card. 100 dollars in statement credits will be available for eligible software subscriptions.
Student credit cards
A student creditcard is one way to build your credit score. When you responsibly use your credit card, you can earn store vouchers and air miles. You must pay your balance in full each month to earn rewards. You might find that rewards can only be earned if your spending habits are good. 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. A majority of student cards offer 1% cashback when you purchase. Many also offer bonus rewards if the account is opened within the first few weeks. Most student cards are reported to all three major credit agencies. You can also add years of positive credit information to your credit score by paying on time.
Balance transfer cards
Balance transfer credit cards should be evaluated based on your credit score, the amount of debt you have, and whether you are able to afford the high interest. These three factors will influence which balance credit cards are the best for you. We have compared hundreds if not all cards to simplify the decision-making process. Five of them have no annual fees, and none other annual fees.
One of the many benefits of balance transfer credit card is that you can consolidate your debt into a single monthly payment. The best offers will be available for those with good credit. Balance transfer cards that are the best come with an introductory period. After which, your balance is charged at a regular interest rate. Many also offer modest cash back rewards. These cards allow you to pay off your debts quickly by using balance transfer credit cards.