There are numerous credit cards that offer cashback, reward points, air miles, hotel points, low APRs, 0% balance transfer, and other benefits. But which one is right for you? No single credit card offers the best of all these features. Some are better in some aspects, while others appeal to a different kind of customer. But here’s what you need to know about the most popular credit cards of 2020.

• Capital One® Quicksilver® – For best cash rewards
• Capital One® Venture® – Best for 2x travel rewards
• Wells Fargo Propel American Express® – Best for total rewards
• Chase Sapphire Preferred® – Best for sign up bonus
• Discover it® – Best for balance transfer
• Citi Simplicity® – Best for balance transfer

Before you apply for one of the aforementioned cards, here are some vital points that you must consider.

Travel cards
Do you travel a lot? If yes then its best to apply for a credit card that gives you a lot of travel benefits. The best cards let you collect 2x points on travel. They’re flexible about letting you transfer points to any hotel or airline loyalty program.

Cashback credit cards
Look for cards that give you good cashback offers on different purchases. Choose cards with no expiration date on rewards. Generally, these cards offer rotating rewards on different categories. You can get cashback on gas station purchases for the first 3 months, groceries for the next 3 months, and so on.

Balance transfer cards
If you feel you’re paying too much of interest on your balances, look for a good 0% Balance Transfer Credit Card. Make sure that there’s no transfer charge. For instance, there can be a 3% to 5% charge to transfer balance from issuer to another. This works out to a huge amount if you carry a large balance. Ultimately, if you don’t get this, this can defeat the purpose of transferring balance to consolidate finances. Once you find a good card, carry out the transfer within the interest-free period. After that, stick to a good payment plan to clear the balance without interest.

Low APR credit cards
If you’re looking for a good low APR card, be prepared to do without reward points and cashback. Cards with that kind of perks come with a high-interest rate. If the interest is low enough, you can also consider this for balance transfer as well. Depending on your credit score, credit card companies decided the APR you can avail of. Most of these cards also offer an introductory low APR

Decide what you want from your new credit card. Do you have a habit of carrying a large balance on your card? Choose low-interest cards. Do you pay off balances on time and want to use perks offered by good credit cards even if they have a slightly higher APR? Ask yourself these questions before exploring options available in the market.