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Are you looking for the best credit cards for excellent credit scores? If you have a good to excellent credit score, you can maximize it for a great sign up bonus and other perks of a credit card, like cash back, travel rewards (for when you’re ready to travel again), or discounts on popular services. These credit cards usually come with some of the most valuable credit card offers and flexible rewards that can be used in 2020 and beyond.

It’s not uncommon that the other benefits can be worth more than the annual fee. So what are the best credit cards for people with good credit scores?

Credit cards for good credit scores can help you earn rewards while relaxing at places like They Cape Hyatt. Photo by Hyatt

Best Credit Cards for Excellent Credit

Here are this year’s best credit cards for excellent credit. Use this table to jump to a specific card.

By most standards, a 740 credit score is considered the beginning of having “excellent credit.” Your approval odds for most cards will be high, although, you will have better odds with a score above 800 as it’s closer to a perfect credit score (850 is considered perfect). If you aren’t sure what your credit score is, these are a few of the best places to get a free credit score check.

The following 9 best credit cards for excellent credit in 2020 can help you reap the most rewards for having the diligence to build excellent credit. Note that many of the cards listed below also have added bonus categories or points/miles earning abilities during the coronavirus pandemic.

Chase Sapphire Preferred Card – $750 Bonus

It’s hard not to like the Chase Sapphire Preferred® Card. It has flexible point redemption options, including a 25% travel redemption bonus and 1:1 airline and hotel transfer partners. New cardmembers also have the chance to earn 60,000 bonus points (worth $750 in award travel) by spending $4,000 in the first 3 months. The annual fee is only $95.

With the Chase Sapphire Preferred, you will earn unlimited 2x points on travel and dining and 1 point per $1 on everything else. Through April 30, 2021, cardholders automatically earn 2x points per $1 spent at grocery stores, up to $1,000 per month. Cardholders also earn 5x points on Lyft rides, through March 2022.

Having your points worth 1.25 cents each when booking travel through Chase makes them worth more than most credit card rewards points. But you might find more value from the 1:1 transfer partners like Southwest Airlines, United Airlines, British Airways, and World of Hyatt where you can usually redeem your points for 2 cents each or more.

However, as many of us aren’t traveling, Chase is allowing cardholders to use that 25% bonus benefit grocery, dining, home improvement, and contributions to select charities with the Chase Pay Yourself Back feature. This is available through April 30, 2021.

Points are also worth 25% more when redeemed through the new Chase Dining hub in Ultimate Rewards, now through April 30th, 2021.

Additional Perks for 2020 and 2021

Some of the additional exciting perks can save you money for the next few months. Cardholders can get unlimited deliveries with no delivery fee and reduced service fees on orders of $12 or more for a minimum of one year on qualifying food purchases with a DoorDash DashPass subscription (valued at over $100). Activate your card by December 31, 2021, to take advantage of this benefit.

Additionally, cardholders can earn up to $60 in statement credits on Peloton Digital and All-Access Memberships through December 31, 2021. Cardholders don’t need a Peloton bike or treadmill to take advantage of the digital membership that includes 1,000s of on-demand or live fitness classes. New Peloton Digital Members are entitled to a 30-day free trial. Visit Onepeloton.com/ChaseSapphire and enroll using your Sapphire Preferred card.

These perks make the Sapphire Preferred one of the best travel credit cards to have in your wallet.

Capital One Venture Rewards Credit Card – 2x Miles on Spending

If you prefer a flat-rate rewards card, the Capital One® Venture® Rewards Credit Card is flexible. All purchases earn unlimited 2 miles per $1 spent (Uber Eats purchases earn 5x miles per $1 spent through January 31, 2021). You can redeem your miles for 1 cent each for travel statement credits without a minimum redemption requirement. You can also use them to book award flights or transfer them to airline loyalty programs.

Another card benefit you might enjoy is the Global Entry or TSA PreCheck application fee credit, up to $100.

New cardholders can earn a 100k mile bonus by spending $20,000 on purchases in the first 12 months from account opening, or earn 50,000 miles if you spend $3000 on purchases in the first 3 months.

The annual fee is $95. Capital One Venture vs Chase Sapphire Preferred, is another excellent card to consider for those consumers wanting travel rewards.

Learn more: Rewards Credit Cards

Capital One Savor Cash Rewards Credit Card

The information for the Capital One® Savor® Cash Rewards Credit Card has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

Maximizing your dining and entertainment purchases can be easiest with the Capital One Savor Cash Rewards Credit Card. You earn unlimited 4% back on dining and entertainment purchases, 2% back at grocery stores, and 1% back on everything else. Through January 31, 2022, Vivid Seats purchases get 8% back.

New cardmembers can get $300 bonus cash by spending $3,000 in the first 3 months. The annual fee is $0 for the first year then $95 annually after that. Like other Capital One credit cards, there isn’t a foreign transaction fee with the Capital One® Savor® Cash Rewards Credit Card.

The Platinum Card from American Express

The Platinum Card® from American Express is a perennial top contender for being the best premium travel rewards credit card. You may prefer the Platinum Card if you are a frequent flyer and like complimentary travel benefits including airport lounge access and up to $200 annually in air travel statement credits for incidental fees at one qualifying airline. Cardholders also get hotel benefits including a $100 on-property Luxury Hotels & Resorts credit and upgraded Marriott Bonvoy Gold Elite and Hilton Honors Platinum status.

Besides these benefits, you also get 5x points on plane ticket purchases made directly with the airlines or on Amextravel.com with The Platinum Card® from American Express. Starting January 1, 2021, earn 5x points on up to $500,000 on these purchases per calendar year. But the most valuable point redemption option can be the 1:1transfer partners including Delta, Emirates, Etihad, Southwest Airlines, and Avianca LifeMiles.

New cardmembers can earn 75,000 bonus Membership Rewards® Points after spending $5,000 on purchases in the first 6 months of account opening. Cardholders also earn 10x points on eligible purchases at U.S. gas stations and U.S. supermarkets, up to $15,000 in combined purchases, during your first 6 months of card membership. There is an annual fee of $550 (See Rates & Fees). 

Learn more: Johnny Jet Recommended Credit Cards

Chase Sapphire Reserve

Many consider Chase Ultimate Rewards points as the most valuable credit card rewards points. The Chase Sapphire Reserve® is the most benefit-rich Ultimate Rewards credit card. You have a 50% travel redemption bonus and the 1:1 Chase Ultimate Rewards transfer partners.

The reason to get the Sapphire Reserve over the Sapphire Preferred is the annual $300 travel credit, Global Entry or TSA PreCheck fee credit, and Priority Pass Select lounge membership. Cardholders also earn 3x points on dining and 3x points on travel (immediately after earning the $300 travel credit). From November 01, 2020, through April 30, 2021, cardholders automatically earn 3x points per $1 spent at grocery stores, up to $1,000 per month.

Plus, cardholders earn 10x points on Lyft rides, including bikes and scooters. Complimentary Lyft Pink Membership is also available when activated by March 21, 2022.

New members can earn 50,000 bonus points (worth $750 in award travel) by spending $4,000 in 3 months.

The annual fee is $550 but the benefits can help justify the cost.

Additional Sapphire Reserve Perks for 2020 and 2021

As we aren’t traveling much in 2020, Chase is also applying the $300 travel credit for gas and grocery purchases. This is available through June 30, 2021.

Additionally, cardholders can earn up to $120 in statement credits on Peloton Digital and All-Access Memberships through December 31, 2021. Cardholders don’t need a Peloton bike or treadmill to take advantage of the digital membership that includes 1,000s of on-demand or live fitness classes. New Peloton Digital Members are entitled to a 30-day free trial, by visiting Onepeloton.com/ChaseSapphire and enrolling using your Sapphire Reserve card.

This is in addition to the complimentary DashPass subscription from DoorDash that lets cardholders get unlimited deliveries with a $0 delivery fee and reduced service fees. They also earn up to $120 in statement credits on DoorDash purchases ($60 in statement credits through 2020 and another $60 in statement credits through 2021).

Points are worth 50% more now through April 30th, 2021 when redeemed for purchases in current categories of grocery, dining, home improvement, and contributions to select charities with the Chase Pay Yourself Back feature.

Points are also worth 50% more when redeemed through the new Chase Dining hub in Ultimate Rewards, now through April 30th, 2021.

Related: Is Paying Annual Fees on Premium Credit Cards During COVID Worth It?

Marriott Bonvoy Brilliant American Express Card

To finalize the Marriott Rewards and Starwood Preferred Guest merger, the Marriott credit card lineup relaunched in early 2019. The premium Marriott Bonvoy Brilliant American Express Card is one of the most valuable options for these benefits:

  • Up to $300 in Marriott Bonvoy statement credits
  • 1 annual free night reward redeemable at properties costing 50,000 points or less

Although this is a hotel credit card, you also get two air travel benefits. They are Priority Pass Select membership and a Global Entry or TSA PreCheck application fee credit. The annual fee is $450 (See Rates & Fees). 

There is also a limited-time welcome bonus available with the Marriott Bonvoy Brilliant™ American Express® Card. New cardholders can earn up to 125,000 Marriott Bonvoy points. Earn 100,000 bonus points after you spend $5,000 in purchases on your new card in your first 3 months. Plus, earn an additional 25,000 bonus points after your first anniversary of card membership. This offer expires on  01/13/2021. New cardholders can also enjoy complimentary Platinum Elite status for the 2021 status year. This offer also expires on 01/13/2021.

Learn more: Hotel Rewards Credit Cards

Delta SkyMiles Platinum American Express Card

The Delta SkyMiles® Platinum American Express Card is a benefit-rich miles credit card. It’s not only a good option if you fly Delta regularly, but also because you can earn 40,000 bonus miles and 5,000 Medallion Qualification Miles (MQMs) after you spend $2,000 in purchases on your new card in your first 3 months. Plus, earn a $100 statement credit after you make a Delta purchase with your new card within your first 3 months. The annual fee is $250 (See Rates & Fees). 

You also get Delta Sky Club access at $39 per person. To get free Sky Club access and more luxurious benefits including an annual companion certificate valid in Delta First Class or Comfort+, you might consider the Delta SkyMiles® Reserve American Express Card instead.

Learn more: Airline Credit Cards

Ink Business Preferred Credit Card

Maybe you are needing a business credit card. The Ink Business Preferred® Credit Card is one of the best, but one of the deciding factors is having excellent credit. The business version of the Chase Sapphire Preferred, it has the same annual fee, 25% travel redemption bonus, and 1:1 point transfer partners.

Where the Ink Business Preferred Credit Card differs is how it earns purchase rewards. You will earn 3x points on the first $150,000 spent on combined spending for travel, shipping, internet, phone, and cable services, and advertising on social media and search engines.

The Ink Business also carries the distinction of having the largest ongoing signup bonus of 100,000 bonus Ultimate Rewards points. This bonus is worth $1,250 in award travel and new cardmembers qualify after spending $15,000 in the first 3 months. All of these business perks make this one of the best credit cards for excellent credit.

Citi Double Cash Card

Sometimes, you appreciate the simplicity of earning cash rewards. The Citi® Double Cash Card earns up to 2% cashback on every purchase. Cardholders earn 1% back when they buy, plus an additional 1% back when they pay. There is no limit to how much cardholders can earn.

While the Double Cash has no annual fee, it has a 3% foreign transaction fee, which doesn’t make this card terribly friendly when traveling abroad. Still, it is one of the best credit cards for excellent credit as it earns for each purchase you make.

Summary

Having excellent credit lets you qualify for some of the most valuable and exclusive credit cards. Once you decide which benefits and purchase rewards maximize your spending habits, it’s time to enjoy the fruits that other credit cards don’t offer. Which of these best credit cards for excellent credit do you prefer?

Related Articles:

For rates and fees of The Platinum Card® from American Express, please click here.

For rates and fees of the Marriott Bonvoy Brilliant™ American Express® Card, please click here.

To learn more about the rates and fees of the Delta SkyMiles® Platinum American Express Card, please click here.

Johnny Jet Editorial
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Chase Sapphire Preferred® Card

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  • Earn 60,000 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®
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.

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