Home » Top Picks » Best American Express Credit Cards of 2020

Best American Express Credit Cards of 2020

Best American Express Credit Cards of 2020

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Dec 30, 2019. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

Whether you want to earn bonus rewards on grocery purchases, access premium travel benefits or transfer a credit card balance without paying interest for an extended period of time, there’s an American Express card for you.

In this post, we break down some of the top American Express credit cards to help you determine which one is the best fit for your spending.

In this article:

Best for supermarket purchases: Blue Cash Preferred® Card from American Express

This offer and/or promotion may have since changed, expired, or is no longer available.

  • $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.*

  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 6% Cash Back on select U.S. streaming subscriptions. 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 1% Cash Back on other purchases.

  • 1% back on other purchases*

Highlights
  • Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • $95 Annual Fee.
  • Terms Apply.
  • See Rates & Fees

See additional details for Blue Cash Preferred® Card from American Express

More Info

If you spend a large amount at supermarkets each month, you’ll benefit from the Blue Cash Preferred® Card from American Express’ high rewards rate at U.S. supermarkets. Cardholders earn: 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 6% Cash Back on select U.S. streaming subscriptions. 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 1% Cash Back on other purchases.

What else we like. The Blue Cash Preferred® Card from American Express offers a welcome bonus of $250 statement credit after you spend $1,000 in purchases on your new card within the first 3 months. Additionally, the card comes with an intro APR on purchases of 0% on purchases for 12 months (after that a 13.99%-23.99% variable APR applies), as well as an intro APR on balance transfers of N/A (after that a n/a APR applies).

What to look out for. You can only earn the 6% at U.S. supermarkets on the first $6,000 each year, then you’ll earn 1%. That said, if you max out that amount, you’ll pocket $360 in cash back on your grocery purchases.

To see rates & fees for Blue Cash Preferred® Card from American Express please click here.

Read our Blue Cash Preferred® Card from American Express review.

Best for a simple rewards structure: American Express Cash Magnet® Card – $150 Welcome Offer

  • Earn up to $150 back

  • Unlimited 1.5% Cash Back on your purchases

  • Reward Dollars can be easily redeemed for statement credits, gift cards, and merchandise

Highlights
  • Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership.
  • Unlimited 1.5% Cash Back on your purchases.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, currently 13.99% to 23.99%.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee.
  • Amex Offers rewards you at places you like to shop, dine, travel, and more. You can add as many Offers as you’d like to your Card, then just use that Card to pay, and enjoy rewards directly on your statement.
  • Cash Back is received in the form of Reward Dollars that can be redeemed for statement credits.
  • No Annual Fee.
  • Terms Apply.
  • See Rates & Fees

See additional details for American Express Cash Magnet® Card – $150 Welcome Offer

More Info

If you prefer a straightforward approach to earning rewards, the American Express Cash Magnet® Card – $150 Welcome Offer is your best bet. The card offers unlimited 1.5% cash back on your purchases, so there’s no need to keep up with rotating bonus categories or rewards spending caps.

What else we like. In addition to unlimited 1.5% cash back on your purchases, the American Express Cash Magnet® Card – $150 Welcome Offer lets you earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. The card also offers an intro APR of 0% on purchases for 15 months (after that a 13.99%-23.99% variable APR applies).

What to look out for. If you’re planning a trip outside of the U.S., the American Express Cash Magnet® Card – $150 Welcome Offer is not ideal, since it charges foreign transaction fees of 2.7% of each transaction after conversion to US dollars.

To see rates & fees for American Express Cash Magnet® Card – $150 Welcome Offer please click here.

Read our  American Express Cash Magnet® Card – $150 Welcome Offer review.

Best for premium benefits: The Platinum Card® from American Express

The Platinum Card® from American Express

Apply Now

on American Express's secure site

Terms Apply

Rates & Fees

  • 75,000 Membership Rewards® Points after you use your new Card to make $5,000 in purchases in your first 6 months. *

  • Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually.*

  • No foreign transaction fees & exclusive airport lounge access*

Highlights
  • Earn 75,000 Membership Rewards® Points after you spend $5,000 on purchases on your new Card in your first 6 months of Card Membership.
  • Earn 10x points on eligible purchases on your new Card at U.S. Gas Stations and U.S. Supermarkets, on up to $15,000 in combined purchases, during your first 6 months of Card Membership. That’s an additional 9 points on top of the 1 point you earn for these purchases.
  • Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member and Additional Centurion Cards only.
  • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel. Starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year.
  • 5X Membership Rewards® Points on prepaid hotels booked on amextravel.com.
  • Enjoy complimentary access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits through American Express Travel with an average total value of $550 with Fine Hotels & Resorts® program at over 1,100 properties . Learn More.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That’s up to $50 in statement credits semi-annually. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees

See additional details for The Platinum Card® from American Express

More Info

The Platinum Card® from American Express offers a plethora of valuable benefits, including access to the American Express Global Lounge Collection, up to a $200 airline fee credit each calendar year, up to a $200 annual Uber credit, a $100 hotel credit each time you stay at least two consecutive nights, up to $100 Global Entry fee credit every four and a half years or an $85 TSA Precheck credit every four years, as well as up to $100 in Saks Fifth Avenue statement credits each year (enrollment required). Cardholders receive complimentary Hilton Honors Gold status and Marriott Bonvoy Gold Elite status.

Additionally, since The Platinum Card® from American Express doesn’t charge foreign transaction fees, you won’t incur additional charges when using your card outside of the U.S.

What else we like. The Platinum Card® from American Express offers 75,000 Membership Rewards® Points after you use your new Card to make $5,000 in purchases in your first 6 months. Plus, cardholders earn 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X Membership Rewards® points on prepaid hotels booked on amextravel.com.

What to look out for. These luxury benefits come at a high price: The annual fee for The Platinum Card® from American Express is $550. However, the value of the perks easily cover the annual fee each year if you take advantage of them.

To see rates & fees for The Platinum Card® from American Express please click here.

Read our The Platinum Card® from American Express review.

Best for airline rewards: Delta SkyMiles® Gold American Express Card

  • Earn 35,000 bonus miles after you spend $1,000 in purchases on your new Card in your first 3 months.

  • Earn 2X Miles on Delta purchases, at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.

  • Check your 1st bag free on every Delta flight*

Highlights
  • Earn 35,000 bonus miles after you spend $1,000 in purchases on your new Card in your first 3 months.
  • Earn 2X Miles on Delta purchases, at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
  • Earn now. Travel when you're ready. After you spend $10,000 in purchases in a calendar year, you will receive a $100 Delta Flight Credit to inspire your next travel.
  • Enjoy your first checked bag free on Delta flights.
  • Earn 1X Mile on all other eligible purchases.
  • Enjoy a $0 introductory Annual Fee for the first year, then $99.
  • Terms Apply.
  • See Rates & Fees

See additional details for Delta SkyMiles® Gold American Express Card

More Info

With the Delta SkyMiles® Gold American Express Card, you can earn a generous amount of Delta SkyMiles while paying a $0 introductory annual fee for the first year, then $99. Cardholders earn Earn 35,000 bonus miles after you spend $1,000 in purchases on your new Card in your first 3 months. Plus, cardholders earn Earn 2X Miles on Delta purchases, at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.

What else we like. The Delta SkyMiles® Gold American Express Card comes with a variety of travel perks, including your first checked bag free, 20% savings on in-flight purchases, car rental loss and damage insurance and a global assist hotline. Additionally, the card does not charge foreign transaction fees.

What to look out for. The Delta SkyMiles® Gold American Express Card comes with a solid welcome offer and standard travel benefits. But if you’re interested in more premium perks and a higher introductory bonus, the Delta SkyMiles® Platinum American Express Card will be a better fit. Keep in mind, though, that the card comes with an annual fee of $250.

Or, if you want a $0-annual-fee card that also offers bonus miles at U.S. restaurants ⁠— and you don’t mind earning a much smaller welcome bonus ⁠— the Delta SkyMiles® Blue American Express Card will be a better choice.

To see rates & fees for Delta SkyMiles® Gold American Express Card please click here.

Read our Delta SkyMiles® Gold American Express Card review.

Best for balance transfers: The Amex EveryDay® Credit Card from American Express

This offer and/or promotion may have since changed, expired, or is no longer available.

If you have high-interest credit card debt that you want to transfer to a card with a low or 0% intro APR, you should consider The Amex EveryDay® Credit Card from American Express. The card offers an introductory APR on balance transfers of 0% for 15 months, after that a 12.99%- 23.99% variable APR applies. Additionally, the card comes with a $0 balance transfer fee.

What else we like. The Amex EveryDay® Credit Card from American Express offers 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months Additionally, earn 2x points at U.S. supermarkets, on up to $6,000 per year in purchases (then 1x), and 1x points on other purchases

Plus, when you use your card 20 or more times in a billing period, you earn 20% more points on those purchases.

Keep in mind, though, that it’s best to pay off the full balance of your transfer within the promotional period prior to focusing on earning rewards on purchases.

What to look out for. The Amex EveryDay® Credit Card from American Express is not a good card to take with you when traveling outside the U.S., since it charges foreign transaction fees of 2.7% of each transaction after conversion to U.S. dollars

Read our The Amex EveryDay® Credit Card from American Express review.

The bottom line

Essentially, choosing the right American Express credit card comes down to how you plan to use the card. For example, if don’t want the hassle of dealing with bonus rewards categories or spending caps, the flat-rate American Express Cash Magnet® Card – $150 Welcome Offer will be the best fit. But if you are a frequent traveler who enjoys premium perks and doesn’t mind a $550 annual fee, The Platinum Card® from American Express will be a better choice.

The information related to the Delta SkyMiles® Platinum American Express Card and The Amex EveryDay® Credit Card from American Express has been independently collected by CompareCards and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.


Recommended Posts:

Read More

Best Credit Cards for Holiday Shopping in 2020

Whether your holiday plans include hosting a large family dinner, taking a trip to visit friends or relatives or purchasing gifts for everyone you know, choosing the right credit card can help fund those activities. Depending on which card you choose, you have the potential to earn rewards on groceries and travel, or even finance […]

Read More