| Credit Card | Best For | Min. Credit |
| Wells Fargo Active Cash® Card | Best Overall | Good |
| Blue Cash Preferred® Card from American Express | Best for Cash Back | Good |
| Chase Sapphire Preferred® Card | Best Initial Bonus | Good |
| Target Credit Card | Best for Target Purchases | Fair |
| Capital One Spark Cash Plus (see Rates & Fees) | Best for Business | Excellent |
Methodology for Selecting Best Everyday Credit Cards
To identify the best everyday credit cards, WalletHub’s editors routinely compare 1,500+ credit card offers based on factors such as the credit score required, two-year cost (negative amounts reflect savings), standout features (like low APRs or high rewards rates in particular spending categories), and other WalletHub Rating components.
How Two-Year Cost Is Calculated
Two-year cost is used to calculate the monetary value of cards for better comparison and is calculated by combining annual and monthly membership fees over two years, adding any one-time fees or other fees (like balance transfer fees), adding any interest costs, and subtracting rewards. Negative amounts indicate savings. When fees or other terms are presented as a range, we use the midpoint for scoring purposes.
Rewards bonuses and credits have been taken into account for two-year cost calculations. However, bonuses applicable to only a very small portion of cardholders are not considered. For example, credits and bonuses awarded for spending or redeeming rewards through a company portal with non-co-branded cards have not been taken into account. Similarly, bonuses and credits related to spending with specific merchants using a non-co-branded card have not been taken into account (for example, if Card A offers credits with DoorDash, this feature would not be factored into calculations because it is hard to assess how many cardholders would use the benefit or exactly how much value they'd get from it).
Cardholder Spending Profiles
Given that different users have different goals and are likely to use their credit cards differently, we identified spending profiles that are representative of different users’ financial priorities and behaviors. For each cardholder type, we have assumed a specific amount of monthly spending by purchase type (e.g., groceries, gas, etc.), as well as an average balance, balance transfer amount, amount spent on large purchases and average monthly payment. Spending assumptions are based on Bureau of Labor Statistics data for consumers and PEX data for businesses.
