Best Credit Cards of 2020

Credit cards can be scary, but when used properly, they can be of significant benefit. In fact, it’s even possible that credit cards can help you save money if you use them properly. Purchases have to be made, but with the right cashback or rewards program, you can use your credit cards to earn, therefore saving money on future purchases. Here are the cards we think are the best at helping you save and spend properly in 2020:

Pay Off Debt: Citi Diamond Preferred

The Citi Diamond Preferred credit card is the perfect addition to your wallet if you’re about to make a sizeable purchase or are trying to eliminate credit card debt. If you’re trying to pay off credit card debt from another card, this card offers a 0% intro APR on balance transfers for 21 months as long as you make the transfers in the first four months. That gives you almost two years to pay off that debt without interest.

Or, maybe your home needs a new shed because of some winter damage. The Citi Diamond Preferred has 0% intro APR on purchases for 12 months from the time you open your account. That gives you a year to pay off that new shed without interest.

Bad Credit / No Credit: Horizon Gold

If you have poor credit or no credit, then Horizon Gold is perfect for you. After completing their fast and easy application process, you will receive a $500 credit line from Horizon Gold with a 0% interest rate. Make your minimum monthly payment and start to build your credit history with Horizon Gold.

Your $500 credit line can be used exclusively on the Horizon Outlet shopping site.

Future Purchases: Citi Rewards+

Here’s another star from the Citi catalog. The Citi Rewards+ card is the only credit card that automatically rounds up to the nearest 10 points on every purchase. And if you spend $1,000 in the first three months upon opening the card, you receive 15,000 bonus points. Down the line, you can save money on future purchases by paying with your points at places like Amazon.com and BestBuy.com. You can also redeem them for a selection of substantial rewards.

Travel: Chase Saffire Reserve

The Chase Saffire Reserve is the premier credit card in travel. If you’re looking to get away, consider adding this to your wallet before booking. The Chase Saffire Reserve offers 50,000 bonus points after you spend $4,000 on purchases in your first three months, which is $750 toward airfare, hotels, and more if you redeem through Chase Ultimate Rewards.

You also receive a $300 annual travel credit and receive 3x points on travel and dining worldwide. The only downside is the $550 annual fee. While that may not be a money saver, if you’re a consistent traveler, you can still save money on future travel plans.

 

Double Cashback: Discover it Cash Back

We all love to receive cashback on our purchases, but with the Discover it Cash Back credit card, you can receive even more. In your first year as a cardholder, Discover is matching all of your cashback. If you’re receiving $50 cashback at the end of the year, Discover will send you an extra $50, making it even easier to save money while still making necessary purchases.

 

Save Money Every Day: Capital One Quicksilver Cash Rewards

The Capital One Quicksilver Cash Rewards credit card is a no-fuss, versatile card. You can earn a $150 cash bonus if you spend $500 within the first three months, and you earn 1.5% cashback on every purchase, every day. Save up that cashback or use your rewards at Amazon.com. There’s also 0% intro APR for 15 months, giving you plenty of flexibility to pay off a major purchase.

The credit card world can be daunting, but there are plenty of excellent options out there, especially if you want to save for future use. Whether it’s spreading out payments for an expensive purchase, great rewards, or saving for travel plans to feed your wanderlust, there’s a credit card for you.

 

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