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CNN Underscored reviews financial products such as credit cards and bank accounts based on their overall value. We may receive a commission through The Points Guy affiliate network if you apply and are approved for a card, but our reporting is always independent and objective.

If you’ve having trouble making ends meet during the pandemic, it may seem counterintuitive to think about credit cards. But a new credit card could help you through the economic downturn, perhaps by letting you finance the things you need to buy at 0% interest for several months, or consolidating debt at a lower interest rate. Or perhaps you just want to make sure you’re earning the most in rewards when you’re ordering online or having food delivered to your home.

Our comprehensive methodology compares every aspect of each credit card to our “benchmark credit card” to determine which cards can potentially help you the most. So give yourself a few minutes to take a look at our list of the best credit cards for the month of August and see if one might be useful to you right now.

The best credit cards of August 2020

Citi® Double Cash Card: Best for flat-rate cash back
Chase Sapphire Preferred Card: Best sign-up bonus
Chase Freedom Unlimited: Best for flexible rewards
Blue Cash Everyday® Card from American Express: Best for U.S. supermarkets
Capital One® SavorOne® Cash Rewards Credit Card: Best for food delivery
U.S. Bank Visa® Platinum Card: Best introductory rate on purchases
Citi Simplicity® Card: Best for balance transfers
Capital One® Venture® Rewards Credit Card: Best for easy travel redemptions
The Blue Business® Plus Credit Card from American Express: Best for small businesses
Capital One® Spark® Miles for Business: Best for larger businesses

Why did we select these cards as our best credit cards for 2020? Dive into the details of each card with us, and see how they stack up.

Citi Double Cash Card

Best for flat-rate cash back

Why it’s great in one sentence: The Citi Double Cash Card is both simple and lucrative, offering a market-leading 2% cash back on every purchase — 1% when you buy, 1% when you pay your statement — for no annual fee.

This card is right for: People who want a card that will work for them but don’t have the time, patience or interest to chase bonus categories or figure out complicated travel loyalty programs.


  • Earn 2% cash back on all purchases with no limit.
  • 0% interest for 18 months on balance transfers made in the first four months after you open the card (13.99%-23.99% variable afterward).
  • Cash back can be converted to Citi ThankYou travel points at a ratio of 1 cent per point when combined with the Citi Prestige® Card or Citi Premier℠ Card.
  • No annual fee.

Sign-up bonus: None.

What we like about the Citi Double Cash: Life is complicated enough right now — not everyone wants to make their credit cards complicated as well. If you don’t want to deal with bonus categories, transfer partners or spending caps, you can’t get much simpler than the Citi Double Cash.