The Best Credit Cards of 2020

By Kris Majaski. Last updated 15 September 2020. 1 comment

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I spend a lot of time during the year reading credit card agreements and combing through the fine print. So when it's time to pick the top credit cards of the year, it isn't difficult to put together a list of candidates for each category.

Believe me, the really good ones stand out. But narrowing down the list and picking the winner isn't always easy. When I pick my favorite card for a category, I consider a lot of different things. Sure, I look at the interest rate, but I also consider the rewards, customer satisfaction, benefits, and more.

So after careful consideration, here's my list of the top credit cards for the year. As is usually the case, the top cards are reserved for those who have excellent credit. A lot of these "top credit card" lists don't include the cards that are available to those with bad credit. I think this is a terrible oversight because so many folks are still recovering from the recession and trashed credit scores.

So I decided to include winners for the "Best Card for Bad Credit" and the "Best Secured Credit Card." When you don't have terrific credit, it's really difficult to find a decent card. I hope my choices can help you rebuild your credit this year.

Okay, let's get to the winners. We'll start with the top dog, so pretend you hear a drum roll.

Airline-Branded: Southwest Rapid Rewards® Premier Credit Card

Any credit card with a free flight gets my attention. With the Southwest Rapid Rewards® Premier Credit Card, you can earn earn up to 75,000 points. Earn 40,000 points after you spend $1,000 on purchases in the first 3 months your account is open. Plus, earn 35,000 points after you spend $5,000 on purchases in the first 6 months your account is open. Okay, that's just plain awesome. Earn enough points and you also get a Companion Pass good for one whole year. Now, there are people who totally love Southwest, and there are those who don't because they don't like the boarding process or the lack of first-class seating. This is an individual thing. There's a $99 annual fee, but if you love Southwest, the rewards are worth the fee.

The information related to the Southwest Rapid Rewards Premier credit card has been collected by Wise Bread and has not been reviewed or provided by the issuer or provider of this product or service.

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Guest's picture

As always, excellent advice.