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- Best Credit Cards
Best Credit Cards of December 2020
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On our shortlist of the best credit cards for 2020, you'll find market-leading picks with perks that include lucrative rewards programs, big sign up bonuses, long 0% intro APR offers to avoid interest, and no annual fees. Add up the value of these benefits and it's not uncommon for the best credit card offers to pack in upwards of $1,000 in value. That's why we think it's smart to keep a credit card in your wallet. But to take advantage of the wide array of credit card benefits, you need to know where to get started. We've crunched the numbers on hundreds of credit cards and included only our select few top picks below. Read on to learn more about the hand-picked credit card offers that we would recommend to our closest friends and family.
The Ascent's picks for the best credit cards for December 2020:
- U.S. supermarkets and gas: Blue Cash Preferred? Card from American Express
- Balance transfers and 0% intro APR for purchases: Citi? Diamond Preferred? Card
- Bonus category cash back: Discover it? Cash Back
- Unlimited cash back: Chase Freedom Unlimited?
- Travel sign up bonus: Chase Sapphire Preferred? Card
- Cash back versatility with a big bonus: Chase Freedom Flex?
- Balance transfers and cash back: Citi? Double Cash Card – 18 month BT offer
- Long 0% intro APR offer: U.S. Bank Visa? Platinum Card
- Student cash back: Discover it? Student Cash Back
- Bonus and cash rewards flexibility: Bank of America? Cash Rewards credit card
- Travel and sign-up bonus: Bank of America? Travel Rewards credit card
- Building credit with cash back: Discover it? Secured
- Limited or no credit history: Petal 2 "Cash Back, No Fees" Visa? Credit Card
Great for: U.S. supermarkets and gas Blue Cash Preferred? Card from American Express
Rating image, 5.0 out of 5 stars.
5.0 stars
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor.
Bottom Line
This card is a triple hitter with stellar cash back rates -- particularly at U.S. supermarkets and gas stations, a big welcome offer, and a competitive 0% intro APR offer. Read Full Review
Rewards
6% cash back at U.S. supermarkets ($6,000 spending cap per year), 3% cash back at U.S. gas stations and on transit, 1% back on all else
Annual Fee
$0 introductory annual fee for one year, then $95
Foreign Transaction Fee
2.7% of each transaction after conversion to US dollars.
Intro APR
Purchases: 0%, 12 months
Balance Transfers: N/A
Ongoing APR
13.99%-23.99% Variable
Bonus
Earn $300 after spending $3,000 within 6 months. Offer Expires 12/10/2020.
Highlights
- Limited Time Offer: Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Offer Expires 12/10/2020
- Limited Time Offer: $0 introductory annual fee for one year, then $95. Offer Expires 12/10/2020
- 6% Cash Back at U.S. supermarkets o