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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 has not been previewed, commissioned or otherwise endorsed by any 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

  • $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%). 3% Cash Back at U.S. gas stations and 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.
  • NEW 6% Cash Back on select U.S. streaming subscriptions.
  • NEW 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases.
  • Over 3 million more places in the U.S. started accepting American Express® Cards in 2017 and 2018.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 14.49% to 25.49%
  • $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%). 3% Cash Back at U.S. gas stations and 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% for 12 months (after that a 14.49%-25.49% variable APR applies), as well as an intro APR on balance transfers of 0% for 12 months (after that a 14.49%-25.49% variable 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.

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.
  • Cash Back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.49% to 25.49%.
  • 0% introductory plan fee for plans set up during your first 15 months of Card Membership with Plan It®, a feature that lets you split up big purchases into monthly payments with a fixed fee.
  • Over 3 million more places in the U.S. started accepting American Express® Cards in 2017 and 2018.
  • 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 14.49%-25.49% 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.

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

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

  • 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.*

  • Up to $200 per calendar year in baggage fees & more at one qualifying airline*

  • No foreign transaction fees & exclusive airport lounge access*

Highlights
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy 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 with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. 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 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 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.

Read our The Platinum Card® from American Express review.

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

  • 70,000 bonus miles. Earn 60,000 bonus miles after you spend $2,000 in purchases on your new Card in your first 3 months. Plus, earn an additional 10,000 bonus miles after your first anniversary of Card Membership. Offer Expires 4/1/2020.

  • Earn 2X Miles on Delta purchases, at restaurants worldwide and at U.S. supermarkets and 1X Mile on all other eligible purchases.

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

Highlights
  • Earn up to 70,000 bonus miles. Earn 60,000 bonus miles after you spend $2,000 in purchases on your new Card in your first 3 months. Plus, earn an additional 10,000 bonus miles after your first anniversary of Card Membership. Offer Expires 4/1/2020.
  • Enjoy your first checked bag free and Main Cabin 1 Priority Boarding on Delta flights.
  • NEW! Get ready for your next trip - spend $10,000 in purchases on your card in a calendar year and receive a $100 Delta Flight Credit to get you there sooner.
  • Earn 2X Miles on Delta purchases, at restaurants worldwide and at U.S. supermarkets.
  • Earn 1X Mile on all other eligible purchases.
  • Receive a 20% savings in the form of a statement credit after you use your Card on eligible Delta in-flight purchases of food, beverages, and audio headsets.
  • 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 70,000 bonus miles. Earn 60,000 bonus miles after you spend $2,000 in purchases on your new Card in your first 3 months. Plus, earn an additional 10,000 bonus miles after your first anniversary of Card Membership. Offer Expires 4/1/2020. Plus, cardholders earn Earn 2X Miles on Delta purchases, at restaurants worldwide and at U.S. supermarkets and 1X Mile on all other eligible purchases.

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.

Read our Delta SkyMiles® Gold American Express Card review.

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

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 14.49% - 25.49% (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 US supermarkets, on up to $6,000 per year in purchases (then 1x), 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 US 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.


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