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According to the U.S. Census Bureau, about 70% of American households have a credit card.
Many people have realized that there are benefits to using a credit card as long as you use it correctly.
If you want to start enjoying the benefits, you may be wondering what the best credit cards to sign up for are.
Discover here the best credit cards for everyday use in 2020.
Citi Double Cash Card
This card offers a 2% effective cash back rate on all of your purchases. There is also a 0% APR offer on this card, which doesn’t have an annual fee either.
There are no category restrictions on the purchases you make to earn cash back on this card.
The APR on this card ranges from 15.48 – 25.49%.
If you need cash quickly, however, you should think about applying for a personal loan. You can check out personal loans comparison here.
Chase Sapphire Preferred Card
If you travel a lot, you may want to look into getting the Chase Sapphire Preferred card.
They offer a wide range of rewards, but you do have to use them all on traveling expenses. However, if you’re okay with that, this card will definitely be worth the annual $95 fee.
Unfortunately, it’s not waived for your first year, but you will earn double points on travel and dining on this card.
When you sign up for this card, you’ll get a bonus of 60,000 points as a welcome.
You’ll need a good or excellent credit score to sign up for this card, and the APR ranged from 17.49% – 24.99%.
Discover It Cash Back Card
This card has a 5% bonus cashback, which makes it incredibly valuable to help you earn a little bit of money back.
If you have this card, you could end up maxing out every four categories of rewards in one year. You’d have to spend $6,000, but you’d earn $300 in cashback.
If you spend outside of the categories listed, you earn a normal 1% rate of cashback.
In the first year of having this card, Discover will match your first-year earnings.
For example, if you earn $350 in cashback, they’ll give you another $350 back as well.
This card is also good for people who travel because it doesn’t carry any transaction fees with it.
The APR for this card ranges from 16.49% – 24.24%.
Capital One Quicksilver Cash Rewards Credit Card
If you spend $500 within the first three months of opening an account with this card, you’ll get a $150 cash bonus.
After that, you can earn unlimited 1.5% back on every purchase.
For the first 15 months, there is no APR. After that, it ranges from 15.49% – 25.49%.
Sign Up for These Best Credit Cards for Everyday Use Today!
If you want to start putting your money to work, sign up for one of these best credit cards for everyday use.
Having a credit card comes with a lot of financial responsibility, but if you use these cards well, you could get some money back as well.
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