Best Credit Cards for Excellent Credit [October 2020]

We’ve picked the best credit cards for excellent credit based on a number of different factors. Choose the one that most suits you and your financial goals.
Last updated Oct 5, 2020 | By Ben Walker
Best Credit Cards for Excellent Credit

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The best credit cards for excellent credit typically offer cardholders increased benefits and rewards compared to credit cards for good or average credit. That means you could enjoy airport lounge access and fee credit just for having the right card in your wallet.

If you have a high credit score and you’re interested in applying for a new card, here are some fantastic options from a variety of credit card issuers. You can use this info to compare credit cards and pick the one that's the best fit for you.

The best credit cards for excellent credit

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The best credit cards for excellent credit for October 2020

Card name Best for Why it’s special
Citi Premier Card Travel Generous 60,000-point sign-up bonus; travel rewards; travel partners; $100 annual hotel savings benefit
Chase Sapphire Reserve Chase luxury travel Generous 50,000-point sign-up bonus; travel rewards; travel partners; travel insurance; $300 annual travel credit; other premium travel benefits
The Platinum Card from American Express Amex luxury travel Generous 60,000-point welcome offer; travel rewards; travel partners; travel insurance; $200 annual airline fee credit; $200 annual Uber Cash; other premium travel benefits
Citi Double Cash Card Cash back Earn up to 2% cash back on all purchases: 1% as you buy and 1% as you pay
Costco Anywhere Visa Card by Citi Gas and restaurants Earn 4% on eligible gas purchases (on up to $7,000 per year) and 3% on eligible restaurant and travel purchases

Citi Premier Card: Best for travelers

The Citi Premier Card offers access to the valuable Citi ThankYou points rewards program, making it an ideal card for travelers. With the Citi Premier, you can earn 60,000 bonus points after spending $4,000 in the first 3 months.

ThankYou points can be transferred to over 12 different Citi transfer partners or redeemed for gift cards, statement credits, and travel. Transfer partners include many international airlines, like Aeromexico, Emirates, Singapore Airlines, and Turkish Airlines.

To quickly earn rewards for travel redemptions, use the Citi Premier to earn 3X points at restaurants, supermarkets, and gas stations, and on air travel and hotels; and 1X points on all other purchases. If you’re traveling abroad, keep in mind the Citi Premier has no foreign transaction fees. This can help cut down your travel expenses on purchases in other countries.

Earn Valuable Travel Points Even Faster

Citi Premier Card

Citi Premier Card

Citi Premier Card


  • 60,000 bonus point sign-up offer
  • 3X points in several popular categories
  • No foreign transaction fee

Chase Sapphire Reserve: Best for Chase luxury travelers

For frequent travelers who want an enhanced experience with premium benefits, the Chase Sapphire Reserve provides plenty of value as a travel rewards credit card. Earn 10X points on Lyft rides, 3X points on travel (excluding $300 travel credit), 3X points at restaurants, and 1X points per $1 spent on everything else.

There’s a $550 annual fee, but you can offset this with the $300 annual travel credit, complimentary Priority Pass membership, TSA PreCheck or Global Entry application fee credit, and special benefits from The Luxury Hotel & Resort Collection.

Additional benefits include up to $120 in DoorDash statement credits over a two-year period ($60 in 2020 and $60 in 2021) and a complimentary 12-month DashPass subscription. DashPass helps you avoid DoorDash delivery fees on eligible orders.

Even better, your Chase Ultimate Rewards points are worth 50% more when redeemed for travel on the Sapphire Reserve. This can be very useful for any rewards you earn, including the 50,000-point sign-up bonus after spending $4,000 in the first 3 months.

You can also transfer your Chase points to more than 10 Chase Ultimate Rewards transfer partners, including major airlines like JetBlue and Southwest as well as hotel loyalty programs.

#1 Premium Travel Credit Card


  • 50,000 point sign-up bonus
  • 3X points on travel and at restaurants
  • $60 annual DoorDash credit in 2020 and 2021
  • Priority Pass airport lounge access

The Platinum Card from American Express: Best for Amex luxury travelers

The Platinum Card from American Express is one of the best overall travel credit cards available, especially if you like earning Amex Membership Rewards points. Membership Rewards can be redeemed for travel, gift cards, statement credits, and more. Or you can transfer them to Amex transfer partners like Marriott Bonvoy and Hilton Honors.

With the Amex Platinum, cardmembers earn 5X points per dollar spent on eligible airfare and hotel purchases, and 1X points per dollar on all other eligible purchases. There is a $550 annual fee, but the card’s premium benefits can help offset the cost.

Take advantage of free Priority Pass membership, Amex Centurion Lounge access, TSA PreCheck or Global Entry application fee credit, Marriott Bonvoy Gold Elite status, Hilton Honors Gold status, and much more. And that’s not even including the 60,000-point welcome bonus offer after spending $5,000 in the first 3 months after account opening.

Best Luxury Travel Benefits


  • 60,000 Membership Rewards point welcome offer
  • 5X points on eligible flights and hotels
  • $15 in free U.S. Uber rides each month ($20 in December)
  • $200 airline fee credit each year
  • Access to Centurion and Priority Pass airport lounges
  • Terms apply

Citi Double Cash Card: Best for cash back

For a straightforward cash rewards credit card that earns on every purchase, consider the Citi Double Cash Card. Earn up to 2% cash back on all purchases: 1% as you buy and 1% as you pay. The Citi Double Cash has a $0 annual fee, so there’s no need to offset an annual cost. This allows you to focus more on earning your cashback rewards instead of stressing about fees.

This card offers a flat-rate, unlimited cashback rewards rate, so common purchases on gas, groceries, and other expenses can start earning you loads of cash back on day one.

Earn Cash Back Twice

Citi Double Cash Card

Citi Double Cash Card

Citi Double Cash Card


  • 0% intro APR on balance transfers for 18 months
  • 2% cash back on all purchases - 1% when you buy and 1% when you pay
  • No annual fee

Costco Anywhere Visa Card by Citi: Best for gas and restaurant rewards

The Costco Anywhere Visa Card by Citi can help you earn great rewards in a few different places. With the Costco Anywhere Visa, earn 4% cash back on eligible gas purchases (up to $7,000), 3% on restaurant and travel purchases, 2% on all other Costco purchases, and 1% on everything else. Of course, you’ll earn bonus cash back from Costco purchases, but using the Costco Anywhere Visa for spending in certain bonus categories — like gas, restaurant, and travel purchases — will net you even more rewards.

All cash back earned on this card is redeemable for cash or merchandise at any U.S. Costco warehouse. So if you want to put it straight back into more everyday purchases at Costco, it’s easy to do so. This will help you save on common expenses like gas and groceries.

Earn up to 4% cash back

Costco Anywhere Visa Card

Costco Anywhere Visa Card

Costco Anywhere Visa Card


  • Up to 4% cash back
  • No annual fee
  • No foreign transaction fees

How we chose these cards

In general, people with excellent credit want to see their creditworthiness pay off. It’s not always easy to build your credit, especially up to an excellent score, so the credit cards with the most rewards and benefits are reserved for individuals with excellent credit. Keeping this in mind, we picked credit cards that provide the best benefits and rewards in their respective categories.

We can’t assume everyone who wants a credit card is looking for the same thing or has the same financial needs. This is why there are different types of credit cards and why we chose the best ones in many common categories, including travel, luxury travel, cash back, grocery rewards, and restaurant rewards. There’s a wide variety of cards to choose from and they all provide amazing benefits.

What is an excellent credit score?

An excellent credit score is a high-ranking score on either the FICO or VantageScore models. For FICO, an excellent credit score is 800 or above. On the VantageScore model, it’s a score above 780. Both models have credit score ranges between 300 and 850, and a score of 300 is considered very poor, whereas an 850 is a perfect score.

Excellent credit scores are achieved when you continuously satisfy the requirements of building your credit score. Here are the common factors that affect your score:

  • Late payments: If you miss payments on your debt balances, your credit score will be negatively affected.
  • Credit utilization: Consistently utilizing more than 30% of your total available credit is a red flag for lenders and can have a negative impact on your credit.
  • Credit history: The length of time you’ve had open credit accounts affects your credit score. The longer the history of your credit accounts, the better your credit score will be.
  • Credit mix: Credit cards, car loans, student loans, mortgages, and other lines of credit all affect your credit score. If you have a good mix of different types of credit, your score will be positively affected.
  • New credit: If you’ve recently opened multiple credit cards or have had too many hard inquiries from lenders checking your credit history, your credit score can go down.

Individuals with excellent credit are able to comply with all of these requirements and because of this, they enjoy more benefits and better interest rates. They rarely, if ever, make a late payment and typically don’t use more than 30% of their available credit. They also have a good mix of different types of credit with accounts that have been open for a long time, usually years.

How many people have excellent credit?

According to Experian, one of three national credit bureaus along with Equifax and TransUnion, about 21% of Americans have excellent credit. This is opposed to 25% with very good credit, 21% with good credit, 17% with fair credit, and 16% with very poor credit.

Overall, having good credit or above is an acceptable indication of your willingness to lenders to pay off debt. Because more than 60% of Americans have at least good credit, the majority of people in the U.S. can typically enjoy average or better rates from lenders. If you have excellent credit, expect to qualify for the best credit accounts available.

How to improve your credit score to excellent

If you want to improve your credit score to excellent, there are different steps to take that can help build your credit. The best way to build your credit, though, is to incorporate all the steps together into a combined effort instead of focusing only on one or two.

Here are ways to improve your credit score to excellent:

  • Open credit accounts. It’s impossible to build credit if you don’t open any credit accounts or get added as an authorized user on an account. As soon as you’re able to open an account, by meeting the requirements and being financially responsible, you should do so. This will start the process of building your credit history. Just don’t open too many accounts in a short period of time.
  • Never miss a payment. If there’s ever a reason for you to miss a credit card or other type of credit payment, you likely shouldn’t have a credit account. If you simply forget about payments now and then, make sure you have on payment reminder notifications, which can be set up in any online credit card account.
  • Keep debt levels low. Credit cards are great tools, but only if used correctly. Use them to pay for expenses, but don’t continuously max out your credit limits. It may seem like using a lot of credit is good for your credit score, but if your credit utilization is too high, your score will go down.
  • Mix up your credit. Only using credit cards or only having a car loan can build your credit a lot, but you’ll need to have multiple sources of credit to continue improving your score. Lenders want to see different types of credit so they know how well you can handle your finances. This step should come naturally as you open credit card accounts and then look to make big purchases, like on a car or home.

Bottom line

If you have excellent credit, you can likely qualify for a variety of different credit card offers, ranging from cashback credit cards to travel cards. But finding the best cards for excellent credit really depends on what you’re looking for. Each rewards card has its own unique benefits and perks, so the right card for someone else might not be the right card for you.

Use this guide to narrow down your choices for your ideal credit card. As you align a card’s earning potential and benefits with your spending habits and financial goals, you’ll have an easier time finding a worthy addition to your wallet.

#1 Travel Rewards Card


  • 80,000 point sign-up bonus
  • 2X points on eligible dining and travel purchases
  • 25% more value when redeeming rewards for travel through Chase Ultimate Rewards
  • Premium travel protection benefits