Best credit cards for good credit of January 2020
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Though "good credit" isn't quite "excellent credit," it's still possible to qualify for some of the best credit cards from our partners. It takes work to get to the "good" level, and just because you haven't (yet) reached "excellent" doesn't mean you shouldn't have access to some of the best credit cards on the market.
If you've already run a credit score report and know that your credit score is "good" or higher, you've come to the right place! Read on to learn more about the best credit cards for those with good credit from our partners.
Why We Like It: Since Chase rewards points can be redeemed through the Chase travel portal or transferred directly at a 1:1 ratio to a number of airline and hotel loyalty programs, the Chase Sapphire Preferred® Card gives its cardholders the freedom they long for when using their rewards points to book a trip, making it an ideal option for those who are not loyal to one particular airline or hotel brand when they travel. Furthermore, when redeeming for travel with Chase Ultimate Rewards® get 25% more value, adding more bang to your redemption buck.
The Bonus: Receive 60,000 bonus points after you spend $4,000 on purchases in your first 3 months of account membership, equivalent to $750 in travel when redeemed through Chase Ultimate Rewards®.
The Annual Fee: $95
The Rewards: Earn two points on travel and dining at restaurants and one point on everything else. Plus earn five points on Lyft rides through March 2022. That's three points in addition to the two points you already earn on travel. You'll also get 25% more value when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®.
Why We Like It: If the large bonus of 50,000 miles offer doesn't capture your attention, perhaps the ongoing high rewards rate will. Venture cardholders receive two times the miles on every purchase, uncapped. Rewards can then be redeemed toward any flight, hotel stay, car rental, or cruise, among other travel-related purchases, with no blackout dates to worry about. Plus, you can transfer your miles to over 12 leading travel loyalty programs.
The card comes with no foreign transaction fees when making purchases outside of the United States, as well as an application fee refund of up to $100 for your Global Entry or TSA Pre✓® application, a perk normally reserved for credit cards with much higher annual fees.
The Bonus: Receive 50,000 miles (equal to $500 in travel) after you spend $3,000 on purchases within your first 3 months your account is opened.
The Annual Fee: $0 intro for first year; $95 after that
The Rewards: Earn 2 miles for every $1 spent without a cap or category to consider. And, thanks to a new partnership, use your card to book stays through Hotels.com/Venture and earn 10 times the miles on those bookings through Jan. 31, 2020. That's in addition to the Hotels.com rewards program through which you earn a free night for every 10 nights you book via the site.
Why We Like It: Thanks to no annual fee, no foreign transaction fees, and 3 points earned on every travel purchase, the Wells Fargo Propel American Express® card truly is a great option for any frequent traveler with good credit. Not only do cardholders receive unlimited 3 points on restaurant purchases, gas, ride shares, transit, flights, hotels, home stays, car rentals, and on popular streaming services, but they can also earn 20,000 bonus points when spending $1,000 in purchases in the first 3 months--that's a $200 cash redemption value. Other perks worth noting include 0% Intro APR intro APR for 12 months on purchases and qualifying balance transfers (fees apply), then a 15.49%-27.49% Variable APR; balance transfers made within 120 days qualify for the intro rate and fee. There is also $1,200 of annual cell phone protection (up to $600 per claim with a $25 deductible).
The Bonus: Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months--that's a $200 cash redemption value.
The Annual Fee: $0
The Rewards: Earn 3 points on restaurant purchases, gas, ride shares, transit, flights, hotels, home stays, car rentals, and popular streaming services, and 1 point on all other purchases.
Why We Like It: Whether you eat out once a week or every night, you might as well be rewarded for it! With the Savor Rewards credit card from Capital One, you'll earn unlimited 4% cash back on all dining and entertainment purchases putting more money back in your wallet for the things we all love most, you know, like dessert or an extra round of drinks. Plus, if you spend $3,000 with the card within your first 3 months of account membership you'll automatically earn a bonus of $300, helping you to pay off your next bill, or to use for something special like a three-star Michelin meal or tickets to a Broadway show. And the rewards don't stop there! Outside of dining and entertainment purchases, users earn an attractive 2% on grocery purchases, and 1% on everything else, so even if you don't dine out often, you'll still be rewarded for doing something we all do every single day -- eating!
The $95 annual fee is waived the first year, however, if you're looking for a no annual fee card, Capital One offers a suitable alternative: the Capital One® SavorOne® Cash Rewards Credit Card , which offers a $150 cash bonus once spending $500 within 3 months, unlimited 3% cash back on dining and entertainment purchases, 2% at grocery stores, and 1% on everything else.
The Bonus: Earn $300 cash back after you spend $3,000 in your first 3 months of account membership.
The Annual Fee: $0 intro for first year; $95 after that
The Rewards: Earn unlimited 4% cash back on dining and entertainment purchases, 2% at grocery stores, and 1% on all other purchases.
Why We Like It: Thanks to 6% cash back on U.S. supermarket purchases (up to $6,000 annually, then 1%) and 3% cash back at gas stations (among other cash back rewards discussed below), the Blue Cash Preferred® Card from American Express earns you money just for shopping on everyday necessities. In addition to this, if you spend $1,000 within the first 3 months of opening an account, you can earn a $250 statement credit. Earn money just for purchasing things you'd need to regardless! With this card, suddenly mundane tasks like grocery shopping and filling up your tank feel fun! (Terms apply; American Express is a CardRatings advertiser)
The Bonus: Earn $250 cash back after you spend $1,000 in your first 3 months of account membership.
The Annual Fee: $95. Terms apply.
The Rewards: Earn 6% cash back on purchases made at U.S. supermarkets (up to $6,000 spent annually, then 1%) and on select U.S. streaming subscriptions; unlimited 3% cash back on purchases made at U.S. gas stations and on transit such as rideshares, parking, tolls, train fares and more; and 1% cash back on all other purchases.
Why We Like It: If you, like many people, spend more money in certain categories during particular periods of the year than others (think gas purchases during the summer for family vacations, heavy department store shopping October-December for the holidays) the Chase Freedom® credit card might be a good option for you, especially if using it alongside the no-annual-fee Chase Freedom Unlimited®.
Earning 5% cash back on purchases is excellent, however, with the Chase Freedom® credit card you'll only earn 5% in bonus categories, up to $1,500 a quarter, and then your rewards rate drops to just 1%. Chase Freedom Unlimited®, though, earns users 1.5% back on all purchases, all year long, with no caps or categories to worry about. If you use Chase Freedom® for bonus category purchases during the appropriate times of the year, and then Chase Freedom Unlimited® for all other purchases, you'll be able to maximize the amount of money you'll put back in your wallet each year.
The Bonus: Earn $150 cash back after you spend $500 in your first three months of account membership, plus enjoy a 15-month intro period of 0% purchase and balance transfer APR (then, 16.49% - 25.24% Variable).
The Annual Fee: $0
The Rewards: Earn 5% cash back on up to $1,500 quarterly in combined purchases in bonus categories (category examples: gas stations, grocery and department stores, and Internet, cable, and phone services) each quarter you activate, and 1% cash back on all other purchases all year long.
Why We Like It: With no rotating categories or spending caps to worry about, the Capital One® Quicksilver® Cash Rewards Credit Card is a simple way to put money back in your pocket, on every purchase, every day. With unlimited 1.5% cash back earned on every purchase, the Capital One® Quicksilver® Cash Rewards Credit Card rewards you for every purchase you make, no matter the amount, no matter the category. It's as simple as that.
The Bonus: Earn $150 cash back after you spend $500 in your first 3 months of account membership, plus enjoy a 15 month intro period of 0% purchase and balance transfer APR (then, 15.49% - 25.49% (Variable)).
The Annual Fee: $0
The Rewards: Earn unlimited 1.5% cash back on every purchase, every day.
Why We Like It: While cash back rewards are always welcome, sometimes just having a bit of extra leeway when it comes to paying off debt is the best reward of all. While we condone responsible credit card use and spending within your means, 0% APR credit cards can help bridge the gap during periods of unavoidable extra spending.
If you are a new cardholder the 0% intro APR on balance transfers lasts for 21 months from the date of your first transfer—one of the longest 0% intro APR periods currently on the market— and 12 months for purchases (all transfers must be made within the first four months). After the introductory period, a regular 16.24% - 26.24% (Variable) APR rate will apply. Cardholders will also enjoy a no fee policy – no late fees, no penalty rate, no annual fee, ever.
The Bonus: Enjoy 0% intro APR for 21 months on balance transfers, and 12 months for purchases.
The Annual Fee: $0
The Rewards: No late fees, no penalty rate, no annual fee, ever.
Many credit card companies state "good/excellent" when advertising the status of credit needed to apply for a particular card; however, you'll sometimes see that just "excellent" is stated. We recommend that you do not apply for cards requiring "excellent credit" if you have not yet reached this status. Instead, focus only on those cards that stipulate "good," or "good/excellent" if your credit is on the upper end of "good." If you apply for multiple cards and are denied repeatedly, these credit card inquiries can end up lowering your credit score, so it's better to err on the side of caution when it comes to applying for a new credit card and only apply for cards that you know your credit score is acceptable. If you don't know your credit score, sign up for a free credit score, credit report card, as well as a personal credit analysis with our preferred partner, Credit Sesame.
For rates and fees of the American Express cards discussed in this article, please see the following links: Blue Cash Preferred® Card from American Express (See Rates and Fees)