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Top 10 Credit Cards for Excellent Credit for October 2020

Top 10 Credit Cards for Excellent Credit for October 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 Oct 01, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

An excellent credit score can help you qualify for the best credit cards on the market, with generous rewards and valuable benefits. Whether you’re looking for travel rewards, cash back, an introductory 0% APR period or something else, having excellent credit means higher odds that you’ll be approved.

Based on a review of cards available on CompareCards, as well as from top national issuers, we’ve selected the top 10 credit cards for excellent credit in a variety of categories.

Just know that some of the cards with the most enticing features carry a high annual fee. The key is finding the best value and fit for your lifestyle.

What is excellent credit?

Credit scores fall into five levels, according to FICO® (the company behind the FICO Score):

  • Exceptional — 800 or higher
  • Very good — 740 to 799
  • Good — 670 to 739
  • Fair — 580 to 669
  • Poor — less than 580

Once your score hits the very good or exceptional tier, you should be able to qualify for your best rates on credit products. Typically, the highest credit score you can get is 850, though some scoring models have different ranges. For example, the FICO Bankcard Score 8 goes up to 900.

Best card overall: Wells Fargo Propel American Express® card

Why we like this card: Few cards with no annual fee earn as generous a rewards rate as the Wells Fargo Propel American Express® card in as wide a variety of categories. Earn 3X points on eating out, ordering in and popular streaming services, 3X points on gas stations, rideshares and transit, and 3X points on travel including flights, hotels, homestays and car rentals. Earn 1X points on other purchases. The best part is that all of this comes with a $0 annual fee.

There’s also a welcome offer: Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months - that's a $200 cash redemption value

Additional benefits:

  • Introductory APR of 0% for 12 months on purchases. After, a 14.49% to 24.99% (variable) APR applies.
  • Introductory APR of 0% for 12 months on qualifying balance transfers on balance transfers. After, a 14.49% to 24.99% (variable) APR applies.
  • Foreign transaction fee of none.
  • Cell phone protection of up to $600 per claim with a $25 deductible.
  • Retail protection on items damaged or stolen within 90 days of purchase.
  • Extended warranty on original manufacturer warranties of one year or less.
  • Lost luggage reimbursement.
  • Car rental loss and damage insurance.
  • Roadside assistance.

What to watch out for: If you’ve been approved for any other Wells Fargo credit card in the past 15 months, you might not be eligible for this card’s welcome offer or introductory APR.

Wells Fargo Propel American Express® card Review

Best for cash back: Citi® Double Cash Card – 18 month BT offer

Why we like this card: While there are many credit cards that earn flat-rate rewards, it’s common to earn 1.5% cash back or less per $1 spent. This card offers better: Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

Additional benefits:

  • Introductory APR of 0% for 18 months on balance transfers. After, a 13.99% – 23.99% (variable) APR applies.
  • Citi Entertainment offers special access to sporting events, concerts, dining and more.

What to watch out for: Unlike some 2% cashback cards, you don’t earn all your cash back up front with the Citi® Double Cash Card – 18 month BT offer. You earn the second half as you pay — as long as you make at least the minimum payment each month, that is. Pay late and you’ll miss out on that extra 1%.

Citi® Double Cash Card – 18 month BT offer Review.

Best for heavy spending: Alliant Cashback Visa® Signature Credit Card

Why we like this card: If earning 2% back on every purchase isn’t enough to get you excited, check out the Alliant Cashback Visa® Signature Credit Card. Earn 2.5% cash back on all purchases. This is the highest flat cashback rate we’ve found that doesn’t decrease after a promotional period. For consumers who spend at least $20,000 a year, this card will earn more cash back even after subtracting the annual fee ($99, waived the first year) than a 2% card such as the Citi® Double Cash Card – 18 month BT offer.

Additional benefits:

  • Rental car collision coverage
  • Roadside assistance
  • Travel accident coverage

What to watch out for: Because of the annual fee of $99, waived the first year, this card is best for heavy spenders. Those who spend less than $20,000 per year would be better off with a no-annual-fee card earning 2% cash back.

Also, you have to join Alliant Credit Union to be able to get this card. Ways to qualify for membership include:

  • If you work for or retired from an eligible employer
  • If you’re related to an Alliant member
  • If you’re a member of certain select organizations
  • If you live or work in a qualifying community in Illinois

For consumers unable to qualify through the above methods, Alliant offers the option to join by supporting a partner charity, Foster Care to Success (FC2S). You don’t have to join FC2S separately — when applying for Alliant membership, you can allow the credit union to share your name and contact information with FC2S and pay the $5 membership fee on your behalf.

Alliant Cashback Visa® Signature Credit Card Review

Best for travel: Chase Sapphire Reserve®

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases.

  • One Year Complimentary Lyft Pink ($199 minimum value). Complimentary DashPass subscription from DoorDash after activating by 12/31/21.

Highlights
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
  • One Year Complimentary Lyft Pink ($199 minimum value). Complimentary DashPass subscription from DoorDash after activating by 12/31/21.

See additional details for Chase Sapphire Reserve®

More Info

Why we like this card: Frequent travelers will find much to love about the Chase Sapphire Reserve® and it is often rated as one of the best rewards cards among travel bloggers. For starters, it offers a $300 annual travel credit, which automatically reimburses cardholders for travel purchases made on the card. Plus, from now until the end of 2020, this credit can be used for gas station and grocery purchases. And for rewards, earn 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases.

Cardholders can also earn 5X points on Instacart pickup orders and deliveries on up to $3,000, as well as a $50 statement credit on Instacart Express membership — from July 1 through September 30, 2020. Plus, earn 5X points on gas purchases on up to $1,500 and 10X points on participating streaming services on up to $1,500 during that same time period.

There’s a generous sign-up bonus as well: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

It should also be noted that the points earned with the Chase Sapphire Reserve® are Chase Ultimate Rewards® points. When redeemed for travel via the Chase Ultimate Rewards portal, each point is worth 50% more — for example, 50,000 points are worth $750 toward travel.

Points can also be transferred at a 1:1 value to the following travel partners:

  • Aer Lingus AerClub
  • British Airways Executive Club
  • Emirates Skywards
  • Flying Blue Air France KLM
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club
  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

Plus, you can take this card abroad with no worries, because the foreign transaction fee is $0.

And finally, cardholders get a complimentary membership (enrollment required) in Priority Pass Select, which offers access to more than 1,000 airport lounges in over 500 cities.

Additional benefits:

  • Up to $100 credit every four years to reimburse Global Entry or TSA PreCheck
  • Special benefits when staying at properties in the Luxury Hotel & Resort Collection
  • Trip cancelation/interruption insurance
  • Trip delay reimbursement
  • Lost luggage reimbursement
  • Emergency evacuation and transportation coverage
  • Auto rental collision damage waiver (primary coverage)
  • Purchase protection for 120 days against damage or theft
  • Return protection for 90 days on items the store won’t take back
  • Extended warranty on original manufacturer warranties of three years or less

What to watch out for: With an annual fee of $550, the Chase Sapphire Reserve® isn’t cheap to carry, although anyone renewing their card between July 2 and December 31, 2020, will save $100 due to the issuer reducing the annual fee due to the pandemic.

Chase Sapphire Reserve® Review

Best for dining: U.S. Bank Altitude® Go Visa Signature® Card

  • Earn 25,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening.

  • Earn 4X points on dining, takeout and food delivery, 2X points at grocery stores, grocery delivery, streaming services and gas stations, and 1X points on all other eligible purchases.

  • 0% for 12 billing cycles on purchases*, then 14.99% - 23.99%* (Variable) and 0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening, then 14.99% - 23.99%* (Variable)

Highlights
  • Earn 25,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening That's a $250 value redeemable towards merchandise, gift cards, cash back, travel and more
  • Earn 4X points on takeout, food delivery and dining
  • Earn 2X points at grocery stores, grocery delivery, gas stations and on streaming services
  • $15 credit for annual streaming service purchases such as Netflix and Spotify
  • No annual fee*
  • 1X point per $1 on all other eligible purchases
  • Low Introductory APR on purchases and balance transfers
  • Points never expire
  • See Rates & Fees

See additional details for U.S. Bank Altitude® Go Visa Signature® Card

More Info

Why we like this card: Foodies can rake in the points with the U.S. Bank Altitude® Go Visa Signature® Card, all for a $0* annual fee. Earn 4X points on dining, takeout and food delivery, 2X points at grocery stores, grocery delivery, streaming services and gas stations, and 1X points on all other eligible purchases.

There’s also a sign-up bonus that offers excellent value for a reasonable spend amount. Earn 25,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening.

Additional benefits:

  • Intro APR of 0% for 12 billing cycles on purchases*. After, a 14.99% - 23.99%* (variable) APR applies.
  • 0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening. After, a 14.99% - 23.99%* (variable) APR applies.
  • $15 credit for annual streaming service purchases such as Netflix and Spotify
  • Foreign transaction fee: None

What to watch out for: U.S. Bank may deny applicants who have applied for any credit card in the past six months, or have applied for more than one credit card in the past year.

U.S. Bank Altitude® Go Visa Signature® Card Review

Best for groceries: Blue Cash Preferred® Card from American Express

  • $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 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
  • Limited Time Offer: Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Offer Expires 12/10/2020
  • Limited Time Offer: $0 introductory annual fee for one year, then $95. Offer Expires 12/10/2020
  • 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.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
  • See Rates & Fees

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

More Info

Why we like this card: The Blue Cash Preferred® Card from American Express earns the highest rate on U.S. supermarket purchases of any card we’ve come across. Cardholders can 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. 3% Cash Back on U.S. gas stations and transit (e.g., taxis/rideshare, parking, tolls, trains, buses and more).

There’s also a welcome offer with a high-value payout for a reasonable spend amount. Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.

Additional benefits:

  • Introductory APR of 0% on purchases for 12 months. After, a 13.99%-23.99% variable APR applies.
  • Car rental loss and damage insurance
  • Global Assist Hotline when traveling more than 100 miles from home
  • Return protection for 90 days from purchase on items the seller won’t take back
  • Exclusive access to Broadway shows, concert tours, sporting events and more
  • Free two-day shipping on purchases made with ShopRunner when you sign up
  • Terms Apply.

What to watch out for: The Blue Cash Preferred® Card from American Express comes with a $0 introductory annual fee for one year, then $95 annual fee. If you spend at least $132 a month on purchases that earn 6% cash back, you can recoup that amount.

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

Blue Cash Preferred® Card from American Express Review

Best for luxury: The Platinum Card® from American Express

The Platinum Card® from American Express

Apply Now

on American Express's secure site

Terms Apply

Rates & Fees

  • 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 VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status available to Basic Card Member 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 access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • $200 Airline Fee Credit, up to $200 in statement credits per calendar year in baggage fees and more when you select one qualifying airline.
  • 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

Why we like this card: For travelers looking for luxury benefits, there’s no card quite like The Platinum Card® from American Express. It offers access to the Global Lounge Collection, which includes more than 1,200 lounges across 130 countries and counting.

The Global Lounge Collection includes access to lounges in the following networks:

  • The Centurion Lounge
  • The International American Express Lounges
  • Priority Pass
  • Escape Lounges
  • Delta Sky Club
  • Plaza Premium
  • Air Space

For rewards, 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.

And for the welcome offer, earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.

In addition, points can be transferred to the following airline and hotel travel partners, often at a 1:1 ratio:

  • Aer Lingus AerClub
  • AeroMexico Club Premier
  • Air Canada Aeroplan
  • Air France KLM Flying Blue
  • Alitalia MilleMiglia
  • All Nippon Airways ANA Mileage Club
  • Asia Miles
  • Avianca LifeMiles
  • British Airways Executive Club
  • Delta Air Lines Delta SkyMiles
  • EL AL Israel Airlines EL AL Matmid Frequent Flyer Club
  • Emirates Skywards
  • Etihad Airways Etihad Guest
  • Hawaiian Airlines HawaiianMiles
  • IberiaPlus
  • JetBlue TrueBlue
  • Qantas Frequent Flyer
  • Singapore Airlines KrisFlyer
  • Virgin Atlantic Flying Club
  • Choice Privileges
  • Hilton Honors
  • Marriott Bonvoy

Plus, through December 2020, cardholders can earn up to $20 per month in statement credits on select U.S. streaming services and up to $20 per month in statement credits on wireless phone services (when made directly with U.S. wireless telephone providers).

Additional benefits:

  • Up to $200 in statement credits each year for incidental charges on one airline
  • Fee credit of up to $100 every four years to reimburse the Global Entry application fee or of up to $85 every four-and-a-half years to reimburse TSA Precheck
  • Uber VIP status and $200 in Uber Cash every year for Uber rides or Uber Eats orders
  • Car rental loss and damage insurance
  • Complimentary membership in premium car rental programs
  • Premium Global Assist Hotline when traveling more than 100 miles from home
  • Trip delay coverage
  • Trip cancelation coverage
  • Return protection for 90 days on items the merchant won’t take back
  • Purchase protection for 90 days against theft, loss or accidental damage
  • Extended warranty on original manufacturer warranties of five years or less
  • Benefits when you stay at a property in the Fine Hotels & Resorts program
  • Complimentary Marriott Bonvoy Gold Elite status
  • Complimentary Hilton Honors Gold status
  • Platinum Travel Service to help with custom travel itineraries
  • Platinum Card Concierge to help with everything from dining to shopping
  • Terms apply.

What to watch out for: With a $550 annual fee, this is one of the most expensive travel cards around. However, lounge memberships and statement credits can offset this fee very quickly.

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

The Platinum Card® from American Express Review

Best for hotel stays: Hilton Honors Aspire Card from American Express

Why we like this card: Those who frequent Hilton-branded hotels will appreciate the generous rewards rate and valuable perks of the Hilton Honors Aspire Card from American Express.

For ongoing rewards: Earn 14X per $1 of eligible purchases on your card directly with a participating Hilton hotel or resort, 7X for eligible purchases: on flights booked directly with airlines or amextravel.com; on car rentals booked directly from select car rental companies; & at U.S. restaurants, and 3X for other purchases on your card.

And for the welcome offer: Earn 150,000 Hilton Honors Bonus Points after you spend $4,000 in purchases on the Card within your first 3 months of Card Membership.

The card also offers complimentary Hilton Honors Diamond status, which comes with benefits such as 100% bonus points on all base points you earn, room upgrades and more.

Finally, you can get one weekend night reward every year after your card renewal, as well as earn an additional night if you spend $60,000 on purchases in a calendar year.

Additional benefits:

  • Up to $250 in statement credits each year for purchases at participating Hilton Resorts
  • Up to $250 in statement credits each year for incidental charges on one airline
  • Up to $100 in credits for charges at Waldorf Astoria Hotels & Resorts and Conrad Hotels & Resorts when you book two nights or more via hiltonhonorsaspirecard.com
  • Unlimited lounge visits for you and up to two guests with a complimentary Priority Pass Select membership, which provides access to more than airport 1,200 lounges
  • Car rental loss and damage insurance
  • Premium Global Assist Hotline when traveling more than 100 miles from home
  • Baggage insurance plan
  • Return protection for 90 days on items the merchant won’t take back
  • Access to Broadway shows, concert tours, sporting events and more
  • Concierge service to help with dining reservations, entertainment and more
  • Terms apply.

What to watch out for: The premium rewards and benefits are matched by the premium price tag. There’s a $450 annual fee to carry the Hilton Honors Aspire Card from American Express. However, the welcome offer offsets that during the first year, and the annual free weekend night reward and statement credits can justify that fee if you take advantage of them.

Hilton Honors Aspire Card from American Express Review

Best for the introductory APR: Citi® Diamond Preferred® Card

Why we like this card: For consumers looking to make a big purchase and spread the payments out over time, it’s hard to beat an introductory APR period of 0% for 18 months on purchases. After, a 14.74% - 24.74% (variable) APR applies.

The Citi® Diamond Preferred® Card is also great for consumers who need to transfer a balance from another credit card. It offers an introductory APR period of 0% for 18 months on balance transfers. After, a 14.74% - 24.74% (variable) APR applies. Balance transfer fee applies with this offer: 3% of each balance transfer; $5 minimum.

What to watch out for: Make sure to transfer balances to this card within four months of account opening to take advantage of the introductory APR offer.

Additional benefits:

  • Citi Entertainment offers special access to sporting events, concerts, dining and more.
  • This card works with digital wallets including Apple Pay, Google Pay and Samsung Pay.

What to watch out for: Make sure to transfer balances to this card within four months of account opening to take advantage of the introductory APR offer.

Citi® Diamond Preferred® Card Review

Best for small businesses: Chase Ink Business Preferred℠ Credit Card

Why we like this card: Business owners who travel frequently can find value in the Chase Ink Business Preferred℠ Credit Card’s competitive rewards rate and useful benefits. Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.

There’s a sign-up bonus too: Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.

 Like the Chase Sapphire Reserve®, this card earns Chase Ultimate Rewards points.

When redeemed for travel through the Chase Ultimate Rewards portal, points are worth 25% more. For example, 100,000 points redeemed through the portal are worth $1,250 in travel.

And like the Chase Sapphire Reserve®, points earned with the Chase Ink Business Preferred℠ Credit Card can be transferred at a 1:1 value to a variety of airline and hotel travel partners.

Additional benefits:

  • Foreign transaction fee of $0
  • Cellphone protection of up to $600 per claim with a $100 deductible
  • Trip cancelation/trip interruption insurance
  • Auto rental collision damage waiver
  • Roadside dispatch
  • Purchase protection for 120 days against damage or theft
  • Extended warranty on manufacturer warranties of three years or less
  • Employee cards at no additional cost

What to watch out for: There’s an annual fee of $95.

Chase Ink Business Preferred℠ Credit Card Review

The information related to Hilton Honors Aspire Card from American Express and Ink Business Preferred℠ Credit Card have been independently collected by CompareCards and have 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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