Our pick for everyday cash back: Blue Cash Preferred® Card from American Express
Up to 6%
Cash back
- Huge 6% cash back on select US streaming services
- 6% at US supermarkets on up to $6,000 each year, then 1%
- Enjoy cash back on gas and transit, too
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Best everyday credit cards of 2020
The right card will pay you back handsomely on your day-to-day purchases.
An everyday credit card rewards you for purchases you make regularly like on gas and groceries. But your savings will differ depending on your card’s annual fee, reward rate and your spending habits.
When comparing the best everyday credit cards we looked at several features, including eligible reward categories, points or cash back earned per dollar spent, earnings flexibility, annual fees, welcome bonus value, introductory APRs and other reward perks. The cards that stood out in one or several of these categories were chosen for our top picks.
The best everyday credit cards of 2020
The best card for you depends on your budget and spending habits. Determine where you spend the most to help you decide which is best for you.
Chase Freedom Flex℠
★★★★★
670
Min. credit score
Min. credit score
$0
Annual fee
Annual fee
Up to
5%
Cash back
Cash back
$200
Welcome offer
Welcome offer
This is an excellent card to maximize cashback rewards on a variety of categories. You can earn accelerated cash back at grocery stores, travel, Lyft rides, dining and more.
- Cash back. Earn 5% back on travel purchase through the Chase Ultimate Rewards program, 5% back on Lyft rides through March 2022 and 5% back on rotating categories on up to $1,500 each quarter. After reaching the cap, you earn 1% back. You also earn 3% back at drugstores and restaurants, including take out and delivery, and 1% back on all other purchases.
- Signup bonus. Earn $200 cash bonus after you spend $500 in the first 3 months. Also, earn 5% back at grocery stores on up to $12,000 in the first year when you open your account.
- Annual fee: None.
| Annual Fee | $0 |
|---|---|
| Purchase APR | 0% intro for the first 15 months (then 14.99% to 23.74% variable) |
| Balance transfer APR | 14.99% to 23.74% variable |
| Welcome offer | $200 after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year |
| Rewards | 5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases |
Citi® Double Cash Card
740
Min. credit score
Min. credit score
$0
Annual fee
Annual fee
Up to
2%
Cash back
Cash back
n/a
Welcome offer
Welcome offer
This is an excellent card to use for all of your day-to-day purchases. If you pay your balance in full every month, the Citi® Double Cash Card is the top no-annual-fee cashback product on the market.
- Rewards: 1% cash back on all purchases and another 1% as you pay for them. If you consistently pay your balance in full, the Citi® Double Cash Card offers solid cash back.
- Intro APR: 0% on balance transfers for 18 months following your account opening, and 13.99% to 23.99% variable after that.
Citi offers a balance transfer intro APR from time to time, and an excellent one at that. This intro APR is one of the best you'll find. - Annual fee: None.
| Annual Fee | $0 |
|---|---|
| Purchase APR | 13.99% to 23.99% variable |
| Balance transfer APR | 0% intro for the first 18 months (then 13.99% to 23.99% variable) |
| Welcome offer | N/A |
| Rewards | Up to 2% cash back on purchases (1% when you buy plus 1% as you pay) |
Citi Premier® Card
740
Min. credit score
Min. credit score
$95
Annual fee
Annual fee
Up to
3x
Points
Points
60,000
Points welcome offer
Points welcome offer
An excellent travel credit card with accelerated rewards on purchases made at restaurants, gas stations and supermarkets. Redeem points for a variety of rewards including travel purchases, cash, gift cards or use them at Amazon.com.
- Reward points. Earn 3x points at gas stations, supermarkets, restaurants and flights and hotels. Everything else you buy earns 1x points.
- Signup bonus. Earn 60,000 bonus points after you spend $4,000 in your first 3 months when you open your account.
- $100 annual hotel savings. Once every calendar year, get a $100 discount on hotel stays of $500 or more. But you have to book your stay via the Citi ThankYou program.
| Annual Fee | $95 |
|---|---|
| Purchase APR | 15.99% to 23.99% variable |
| Balance transfer APR | 15.99% to 23.99% variable |
| Welcome offer | 60,000 points after spending $4,000 in the first 3 months |
| Rewards | 3x points at restaurants, supermarkets, gas stations, flights and hotels and 1x points on everything else |
Blue Cash Preferred® Card from American Express
★★★★★
670
Min. credit score
Min. credit score
$95
ongoing
Annual fee
Annual fee
Up to
6%
Cash back
Cash back
$300
Welcome offer
Welcome offer
If groceries are your biggest bill, the Blue Cash Preferred® Card from American Express is a strong choice. Its grocery rewards are the best on the market, and you'll earn accelerated cash back on purchases made at US gas stations.
- Rewards: Up to 6% cash back. Earn 6% cash back at US supermarkets. For this rewards rate, there's a $6,000-per-calendar-year spending cap. After you reach it, you'll earn 1% cash back in this category. Earn 6% on select US streaming services. Earn 3% on transit purchases. Earn 3% cash back at US gas stations and 1% cash back on other purchases.
- Welcome offer: $300 back after you spend $3,000 in purchases within the first 6 months of card membership. If you qualify, you'll receive this welcome offer in the form of statement credit. This offer expires December 10, 2020.
- Intro APR: 0% intro APR on purchases for 12 months after account opening, then 13.99% to 23.99% variable. This is a decent intro APR, though several other cards offer intro purchase APRs of 15 or more months.
| Annual Fee | $0 intro annual fee for the first year ($95 thereafter) |
|---|---|
| Purchase APR | 0% intro for the first 12 months (then 13.99% to 23.99% variable) |
| Balance transfer APR | N/A |
| Welcome offer | $300 after spending $3,000 in the first 6 months (Offer expires 12/10/2020) |
| Rewards | 6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases |
American Express® Gold Card
★★★★★
680
Min. credit score
Min. credit score
$250
Annual fee
Annual fee
Up to
4x
Points
Points
60,000
Points welcome offer
Points welcome offer
With 4x points on dining that can give you an 8% reward rate after point transfers, the American Express® Gold Card is a powerhouse choice if you're a foodie. You'll also earn the same rewards rate at US supermarkets on up to $25,000 per year in spending, then 1x points.
- Rewards. 4x Membership Rewards points on dining. 4x points at US supermarkets on up to $25,000 in spending per calendar year, then 1x points. 3x points on eligible flights and 1x points on other eligible purchases.
- Credits. Earn up to $120 in dining credits per calendar year. Receive up to $100 per calendar year in credits on one qualifying airline.
- Welcome offer. Earn 60,000 Membership Rewards points after you make $4,000 in purchases with your card within the first 6 months of opening your card.
| Annual Fee | $250 |
|---|---|
| Purchase APR | |
| Balance transfer APR | |
| Welcome offer | 60,000 points after spending $4,000 in the first 3 months |
| Rewards | 3x points on directly-booked flights; 4x at restaurants; 4x at US supermarkets on up to $25,000 annually (then 1x points) |
PenFed Platinum Rewards Visa Signature® Card
670
Min. credit score
Min. credit score
$0
Annual fee
Annual fee
Up to
5x
Points
Points
$100
Welcome offer
Welcome offer
Among general-rewards cards, the PenFed Platinum Rewards Visa Signature® Card offers the highest rewards rate on gas when you buy at the pump.
- Rewards: Up to 5x points. Earn 5x points when you buy gas at the pump. Earn 3x points on groceries and 1x points on all other purchases.
- Signup bonus: $100 statement credit. To earn this bonus, spend $1,500 on purchases in the first 90 days of card membership.
- Promotional APR: 0% on balance transfers for 12 months following your account opening. After the promotional period is up, your APR will revert to to 17.99% variable.
- Annual fee: None.
| Annual Fee | $0 |
|---|---|
| Purchase APR | 13.49% to 17.99% variable |
| Balance transfer APR | 0% intro for the first 12 months (then 17.99% variable) |
| Welcome offer | $100 after spending $1,500 in the first 90 days |
| Rewards | 5x points on gas at the pump, 3x points on groceries and 1x points on all other purchases |
Capital One® Venture® Rewards Credit Card
670
Min. credit score
Min. credit score
$95
Annual fee
Annual fee
5x
Miles
Miles
50,000
Miles welcome offer
Miles welcome offer
The Capital One® Venture® Rewards Credit Card offers a strong and consistent rewards rate on all purchases.
- Rewards: 2x miles on every purchase. This strong base rate rewards you on all purchases.
- Signup bonus: 50,000 bonus miles after you spend $3,000 on purchases within the first 3 months of card membership. Earn an additional 50,000 bonus miles after you spend at least $20,000 within your first 12 months.
- Global Entry/TSA PreCheck credit. Every four years, you're eligible for a statement credit for your Global Entry or TSA PreCheck application fee.
| Annual Fee | $95 |
|---|---|
| Purchase APR | 17.24%, 21.99% or 24.49% variable |
| Balance transfer APR | 17.24%, 21.99% or 24.49% variable |
| Welcome offer |
50,000 bonus miles after spending $3,000 in the first 3 months
Earn an additional 100,000 miles after spending $20,000 on purchases within the first 12 months |
| Rewards | 5x miles on Uber Eats and 2x miles on all purchases |
Discover it® Secured
300
Min. credit score
Min. credit score
$0
Annual fee
Annual fee
Up to
2%
Cash back
Cash back
Other
Welcome offer
Welcome offer
The Discover it® Secured is one of the rare secured cards that offers rewards on purchases. If you need to rebuild your credit, this card can help you earn rewards on everyday purchases at the same time.
- Earn 2% cash back at gas stations and restaurants on the first $1,000 in combined purchases each quarter. Earn 1% back after that and on everything else.
- Discover will match the cash back you earn at the end of your first year.
- Discover may upgrade your card to an unsecured card after eight months of responsible card usage.
- Global Entry/TSA PreCheck credit. Every four years, you're eligible for a statement credit for your Global Entry or TSA PreCheck application fee.
| Annual Fee | $0 |
|---|---|
| Purchase APR | 22.99% variable |
| Balance transfer APR | 10.99% intro for the first 6 months (then 22.99% variable) |
| Welcome offer | Discover will match cash back earned at the end of your first card year |
| Rewards | 2% back on gas and dining up to $1,000 combined each activated quarter, then 1% after that and on all other purchases |
How to choose the best everyday credit card
It can be difficult to choose the right credit card for everyday use as there are so many options. Here are a couple of factors to consider when making your choice:
- What does your monthly spending look like?
Each rewards cards offers a different rewards structure. One card might offer elevated rewards for your favorite categories, while another might not fit your spending at all. Take stock of how you spend and find a card that offers accelerated rewards for where you spend the most. Without changing your spending, you can get paid back daily in the form of cash back, points or miles. - Do you want to pay no annual fee?
Many everyday cards have $0 or low annual fees, but lack spectacular features. Your main consideration with these products will be the rewards rates. Premium cards are loaded with great benefits, but they come with steep annual fees — often $450 or more. - How big of a signup bonus do you want?
A signup bonus can give you a quick burst of rewards and cover your card’s annual fee several times over. Consider whether you can meet the spending requirement before the signup-bonus window closes. Cards with higher annual fees tend to have more impressive bonuses. - Do you want an intro APR?
An intro APR can help you save on interest. But many of the top rewards cards don’t have promotional interest rates.
Alternatives to everyday credit cards
Everyday credit cards tend to be great picks for day-to-day purchases such as groceries, gas and the odd purchase here and there. But they’re not always the best if your spending is concentrated in other areas. Here are a few alternatives:
- Premium travel credit cards. While these cards may have a higher annual fee, they can be worth it for the frequent traveler who will enjoy top-notch travel rewards. If that’s you, you might like cards such as the Chase Sapphire Reserve®
- Dining credit cards. The American Express® Gold Card is a dining credit card that happens to give great rewards at US supermarkets as well. For more dining options, consider the Capital One® Savor® Cash Rewards Credit Card, Wells Fargo Propel American Express® Card and Citi Prestige® Credit Card.
- Airline and hotel credit cards. If you’re a loyal customer with a certain airline or hotel chain, check if it has a cobranded card. You can earn accelerated rewards with your card, plus get access to special perks you might find nowhere else.
Compare everyday credit cards
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Bottom line
An effective everyday credit card is one that rewards you for your day-to-day spending. Consider your budget and find a product that offers elevated rewards for your top categories.
If you’re not sure an everyday credit card is right for you, consider other rewards products.
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