6 Of The Best Cash Back Credit Cards For Holiday Shopping – Info Money Manage
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Now that the holiday shopping season is here, it’s time to starting thinking about all the ways you can save money on your purchases.
Your bag of tricks might include clipping coupons, camping out on Black Friday, or just waiting for the biggest sales right after the holidays.
No matter what your plans are, using the right cash back credit card is another way to save money on your purchases.
Here are six great cash back credit cards that you should consider for this year’s holidays (and the rest of the year). But remember—cash back cards are best used by those who avoid interest by paying statement balances in full. If you have to carry a balance, you’re better off using a card with the lowest possible interest rate.
The Chase Freedom® card
This offer requires Excellent/Good credit.
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
- Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
- Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
- View Chase Freedom® details and how to apply »
Card Highlights
If you want to save money when you shop at the biggest stores, then you should consider the Chase Freedom® card. It offers five percent cash back on up to $1,500 spent each quarter at featured merchants and merchant categories, and one percent cash back elsewhere. For the holiday season this year, (October – December) the featured merchants are Walmart and select department stores.
Also, new applicants can receive a $150 bonus after spending $500 within three months of account opening. New accounts also receive 15 months of 0 percent APR financing on new purchases and balance transfers, with a five percent balance transfer fee.
There’s no annual fee for this card, but it does have a three percent foreign transaction fee.
Here’s our review of The Chase Freedom® card.
Discover it® Cash Back
This offer requires Excellent, Good credit.
- Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
- Plus, earn unlimited 1% cash back on all other purchases – automatically.
- INTRO OFFER: Discover will match ALL the cash back you’ve earned at the end of your first year, automatically. There’s no signing up. And no limit to how much is matched.
- View Discover it® Cash Back details and how to apply »
Card Highlights
As with the Chase Freedom®, the Discover it® Cash Back offers you five percent cash back on up to $1,500 spent each quarter on eligible purchases, and unlimited one percent cash back elsewhere. In the fourth quarter of 2018 (October – December) you get 5 percent back on your purchases from both Amazon.com wholesale clubs. And after one year, Discover will automatically match the cash back that you’ve earned in your first year as a card member. You do need to activate the bonus cashback quarterly.
The Discover it® Cash Back includes benefits such as free security alerts when a new account is opened in your name, or if your Social Security number is found on a risky website.
There’s no annual fee for this card, no penalty interest rate, and no foreign transaction fees.
Related: How Much Cash Back Can You Really Earn With The Discover it® Cash Back?
Bank of America® Cash Rewards credit card
This offer requires Excellent/Good credit.
- No annual fee
- NEW OFFER: $200 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
- Earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter
- View Bank of America® Cash Rewards credit card details and how to apply »
Card Highlights
This card offers new applicants $200 in cash back after spending $500 within 90 days of account opening. You also get 1 percent cash back on all purchases, 2 percent back at grocery stores and wholesale clubs, and 3 percent cash back on gas on your first $2,500 spent in combined grocery/wholesale club/gas purchases each quarter.
Also, if you have a Bank of America checking or savings account, then you’ll get an extra 10 percent bonus on you rewards earned when you redeem your cash back to your account.
There’s no annual fee for this card.
Capital One® Quicksilver® Card—0% Intro APR for 15 Months
This offer requires Excellent/Good credit.
When you want to earn rewards over the holidays, without the hassles, consider the Capital One Quicksilver. This card offers new applicants $150 in cash back after spending just $500 on new purchases within three months of account opening.
It also offers new applicants 15 months of 0 percent APR financing on new purchases and balance transfers, with a three percent balance transfer fee. After the promotional rate expires, the standard variable APR will apply.
This card also features an unlimited 1.5 percent cash back rewards on all purchases.
There’s no annual fee for this card and no foreign transaction fees.
Citi® Double Cash card
Looking for a simple way to earn cash back during the holidays? The Citi® Double Cash Card is a good choice. It offers one percent cash back when you make a purchase, and another one percent cash back when you pay for your purchases, for a total of two percent cash back. There’s no limit to the amount of cash back you can earn.
It also features 18 months of 0 percent APR financing on balance transfers, with a three percent balance transfer fee, and balance transfers do not earn cash back. After the promotional financing offer expires,a variable APR of 14.49 – 24.49 percent will apply, based on your creditworthiness.
There’s no annual fee for this card.
Learn more about the Citi® Double Cash card
Wells Fargo Cash Wise Visa® Card
With this card, new applicants can earn $200 in cash back after spending $1,000 on new purchases within three months of account opening. It also offers 1.5 percent cash back rewards on all purchases, with no limits.
New applicants receive 12 months of 0 percent APR financing on both new purchases and balance transfers, with a 3 percent balance transfer fee, and balance transfers do not earn cash back. After that, the standard interest rate will apply.
There’s no annual fee for this card, but it does have a 3 percent foreign transaction fee.
See our review of the Wells Fargo Cash Wise Visa® card.
Learn more about the Wells Fargo Cash Wise Visa® card
Summary
You shouldn’t ever get a credit card just for holiday shopping. That being said, there are plenty of cards you should consider for everyday use that also have great cash back categories during the holidays.
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Article Prepared by Ollala Corp