The Ultimate Guide to Credit Cards
Saturday, April 4, 2020
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2020's Best Credit Cards for Excellent Credit

Below are our staff picks for 2020's best credit cards for those with an excellent credit rating, which is generally considered a credit score of 750 or higher.

Average APR
16.90%
Average Annual Fee
$12.00
Rate Trend
0.07%
since last month
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Review Breakdown: Cards for Excellent Credit

Still looking for your ideal credit card? If you have an excellent credit history, you have a variety of options when it comes to choosing your next card. Below is a simple summary of the top cards for excellent credit. Simply click on the card's name to visit the issuer's official application.

Here are 2020's best credit cards for excellent credit:

Best Credit Cards Excellent Credit
RankCard NameFeatureRegular APRExpert Rating
1Chase Freedom Unlimited®1.5% cash back16.49% - 25.24% Variable ★★★★★ 5.0
2Capital One® Venture® Rewards Credit CardExcellent Credit17.24% - 24.49% (Variable) ★★★★★ 5.0
3Chase Freedom®$150 Bonus16.49% - 25.24% Variable ★★★★★ 5.0
4Chase Sapphire Reserve®50,000 bonus points18.49% - 25.49% Variable ★★★★★ 4.9
5Capital One® VentureOne® Rewards Credit CardExcellent Credit14.49% - 24.49% (Variable) ★★★★★ 4.8
6Capital One® Quicksilver® Cash Rewards Credit Card1.5% cash back15.49% - 25.49% (Variable) ★★★★★ 4.8
7Capital One® Spark® Cash Select for Business1.5% cash back14.49% - 22.49% (Variable) ★★★★★ 4.8
8Chase Sapphire Preferred® CardExcellent Credit17.49% - 24.49% Variable ★★★★★ 4.8
9Capital One® Savor® Cash Rewards Credit CardExcellent Credit15.99% - 24.99% (Variable) ★★★★★ 4.8
10Ink Business Unlimited℠ Credit Card1.5% cash back14.74% - 20.74% Variable ★★★★★ 4.8
11Capital One® SavorOne® Cash Rewards Credit CardExcellent Credit15.49% - 25.49% (Variable) ★★★★★ 4.8
12Ink Business Cash℠ Credit CardExcellent Credit14.74% - 20.74% Variable ★★★★★ 4.8
13Capital One® Spark® Cash for BusinessExcellent Credit18.49% (Variable) ★★★★★ 4.7
14Capital One® Spark® Miles for BusinessExcellent Credit18.49% (Variable) ★★★★★ 4.7
15Capital One® Spark® Miles Select for BusinessExcellent Credit14.49% - 22.49% (Variable) ★★★★★ 4.7
16Ink Business Preferred® Credit CardExcellent Credit17.49% - 22.49% Variable ★★★★★ 4.5

5 Benefits of an Excellent Credit Rating

Brittney Mayer
By: Brittney Mayer
Finance Contributor
Updated:
5 Benefits of an Excellent Credit Rating
CardRates.com Guide: Excellent Credit

Nestled in the fine print of every credit card or loan offer will typically be a phrase that goes something like: “Offer subject to credit approval.”

For example, those ever-so-tempting car commercials advertising, “$0 down, 0% interest, and $0 due at signing!” aren’t aimed at consumers with so-so credit scores; no, the very best rates, fees, and deals are often reserved for applicants with the very best credit scores.

Although there are various credit scoring models in use, the FICO models are by far the most widely used. Most FICO models use a scale of 300 to 850, with 850 being the best possible score. The higher your score is, the more great deals you can unlock, but the best savings will be had if you have a score above 800 — the threshold for excellent credit. With excellent credit, you'll get a lot of perks, including:

1. The Best Interest Rates on Your Credit Cards

The current credit card market is full of amazing cards offering benefits such as airport lounge access and elite hotel status. But, while available to the public, these top-tier rewards cards aren’t just for anyone — you’ll typically need an excellent credit score to qualify. An excellent credit score is generally defined as one at 760 or higher.

2. Increased Credit Limits and Borrowing Capacity

Although most people know that having a high credit score will net you lower interest rates, it’s not as commonly known that excellent credit can also unlock a higher credit limit. And not just for credit cards; a high credit score can result in larger loans for a variety of products, including auto loans and home mortgages.

3. Better Mortgage and Refinancing Rates

When it comes time to buy a home or to refinance the home you’re in, the banks will fall over themselves to make you the best deal possible when you have excellent credit. That’s because they get graded on the average credit rating of their borrowers.

With excellent credit ratings being scarce, you can bet the banks want your business.

4. Better Auto Loans

This is where you get to take advantage of those zero-zero-zero auto-financing deals. Only the most attractive credit scores get invited to this party.

In fact, have a copy of your excellent credit score with you when you walk into the dealership and ask what kind of deals they have. You may be quite impressed.

5. Lower Insurance Rates

What does my credit score have to do with how good a driver I am, you ask? The truth is absolutely nothing. But if you have a good driving record and an excellent credit score, you are more likely to receive the preferred rates on car insurance.

This is because the insurance company has one more metric by which to judge you as a financially responsible person.

There are other benefits to having an excellent credit rating. Any personal or signature loans you need also will have the lowest rates assigned. In fact, as more parties use credit scores to gauge your level of responsibility, nearly everything gets better when you have excellent credit.

Always pay your bills on time and use less than 30% of your available credit to maintain your excellent credit rating.

Editorial Note: Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

The information on this page was reviewed for accuracy on .

About the Author

Brittney Mayer Brittney Mayer Finance Contributor

Brittney is a Credit Strategist and Finance Expert who has spent years honing her knowledge of the credit industry both personally and professionally. Brittney applies her more than a decade of research experience to crafting in-depth consumer guides designed to help CardRates readers make better, more informed financial decisions.

Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which CardRates.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CardRates.com does not include all credit card companies or all available credit card offers. See the credit card issuer's website for specific terms and conditions of each card.