The Best Holiday Shopping Credit Cards to Use in 2020
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The Best Credit Cards for Maximizing Your Holiday Shopping

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‘Tis the season for holiday shopping.  If you’re planning on buying gifts for friends and family this year, and you can be responsible with those purchases, you should be getting something back on the money you spend – whether that’s extra bonus points or cashback for spending on certain categories, or maybe working towards a minimum spending requirement to earn a big sign up bonus on a new card.

We think now is the best time to get a card for your Holiday shopping. Here’s our list for the best cards to maximize your 2020 holiday shopping.

 

Thrifty Tip: Buying gift cards to support your local restaurants this year? Check out the best credit cards for restaurants.

 

The Blue Cash Everyday® Card from American Express

American Express is out with a great new offer on one of their best no annual fee cash back credit cards, the Blue Cash Everyday® Card from American Express.

For a limited time, you can earn $100 cashback after spending $1,000 in the first six months of card membership.

You’ll also earn 20% cashback on all Amazon purchases for the first six months of card membership on up to $1,000 in spending – for another $200 cashback. And on top of that, there are other standard bonus categories (listed below) on everyday spending that make the Blue Cash Everyday Card a great no annual fee card.

3% Cash Back: At U.S. Supermarkets on up to $6,000 of spending each year (then 1% back).

2% Cash Back: at U.S. gas stations and at select U.S. department stores.

1% Cash Back: On other purchases.

No Annual Fee (see rates & fees)

Terms Apply

 

Blue Cash Everyday

 

Click Here to learn more about the Blue Cash Everyday Card from American Express.

 

The Chase Freedom Flex Card

The Chase Freedom Flex is one of our favorite no annual fee credit cards on the marketplace. And that’s largely because each quarter Chase releases a list of retailers and/or spending categories that will earn a 5% cashback bonus on all spending up to $1,500.

On top of those bonus categories, cardholders earn 1% cashback per dollar spent on all other purchases.

But what makes the Freedom card so valuable is that as long as you hold either the Chase Sapphire Preferred Card or Chase Sapphire Reserve, all cash back earned on the Freedom Flex card can be converted into Chase Ultimate Rewards points. Read up on how to do that here.

And through December 2020, the bonus categories are Walmart and PayPal. And you can maximize your holiday shopping with PayPayl by using PayPal Key. It’s a free virtual credit card from PayPal that will link to your Chase Freedom Flex (or regular Freedom) card.

And once your card is linked, you can use PayPal Key to pay virtually anywhere online where credit cards are accepted. Every time you use PayPal Key, it will charge your linked Chase Freedom Flex credit card which in turn will earn you 5% cash back up to $1,500.

Head to this link on the PayPal website for more information about PayPal Key and to set it up for your Chase Freedom or Freedom Flex Card.

And see the full benefits of the Chase Freedom Flex below.

  • Sign up Bonus: Earn a $200 Bonus after you spend $500 in the first three months of card membership. The $200 can be converted to 20,000 Chase Ultimate Rewards points if you carry either the Chase Sapphire Preferred Card or the Chase Sapphire Reserve.
  • Earn 5% cashback on rotating quarterly categories on up to $1,500 of spending which could include: Grocery stores, gym memberships, streaming services, gas stations, etc. The currently categories for Q4 of 2020 are Walmart and PayPal.
  • Earn 5% cashback at grocery stores for the first year of card membership on up to $12,000 spent (this excludes Target and Walmart).
  • Earn 5% cashback on travel booked through the Chase Ultimate Rewards portal.
  • Earn 5% cashback on Lyft rides through March 2022.
  • Earn 3% cashback on dining, including takeout and delivery services.
  • Earn 3% cashback at drugstores.
  • No Annual Fee!

 

Chase Freedom
Click Here to learn more about the Chase Freedom Flex Card

 

The Chase Freedom Unlimited Card

As the name suggests, the Chase Freedom Unlimited Card has many similarities to the Chase Freedom Flex card discussed above. But instead of rotating 5% cashback quarterly bonuses, the Freedom Unlimited card earns an unlimited 1.5% cashback on every dollar you spend on the card.

Again, as long as you hold either the Chase Sapphire Preferred Card or Chase Sapphire Reserve, the cash back earned on the Freedom Unlimited card can be converted into Chase Ultimate Rewards points. You can read more about that here.

And see the full benefits of the Chase Freedom Flex below.

  • Sign up Bonus: Earn a $200 Bonus after you spend $500 in the first three months of card membership. The $200 can be converted to 20,000 Chase Ultimate Rewards points if you carry either the Chase Sapphire Preferred Card or the Chase Sapphire Reserve.
  • Earn 5% cashback at grocery stores for the first year of card membership on up to $12,000 spent (this excludes Target and Walmart).
  • Earn 5% cashback on travel booked through the Chase Ultimate Rewards portal.
  • Earn 5% cashback on Lyft rides through March 2022.
  • Earn 3% cashback on dining, including takeout and delivery services.
  • Earn 3% cashback at drugstores.
  • Earn 1.5% cashback on all other purchases. 
  • No Annual Fee!

 

chase freedom unlimited

 

Click Here to learn more about the Chase Freedom Unlimited Card. 

 

The Amex Platinum or Amex Gold Card

If you ask us, there’s never been a better time to pick up either the Platinum Card® from American Express or the American Express® Gold CardThe Platinum card is widely considered one of the best travel credit cards thanks to an amazing array of travel perks and benefits. The Gold Card, meanwhile, is one of the best all-around credit cards, period.

But both cards are out with some of the biggest welcome bonuses we’ve ever seen. You can earn 225,000 points or more on one of these cards. And to top it off, you can currently squeeze a ton of extra value out of these cards thanks to credits that can help zero out their annual fees.

You can currently earn at least 75,000 American Express points after spending $5,000 within the first six months on the Platinum Card from American Express. That’s up from the standard offer of 60,000 points – plus you’ve got twice the usual three-month period to earn them. So if you are going to be spending money on holiday shopping, this is a great way to take a bite out of that minimum spending requirement.

But it gets even better. In addition to that bigger welcome bonus, you’ll also earn 10x points for every dollar you spend at both gas stations and at supermarkets in the U.S. on up to $15,000 in combined purchases in the first six months of card membership! That’s the most lucrative bonus you’ll find for spending at supermarkets or gas stations.

Add that up, and you can earn a total of 225,000 to 275,000 points on this credit card. That’s one of the biggest offers on any travel credit card. And it’s more than enough points for many to justify the card’s $550 annual fee (see rates & fees).

Even if you’ve already had the Platinum Card, it turns out you may still be eligible for this massive new offer!

 

amex platinum 1

 

Click Here to learn more about the Platinum Card from American Express. 

 

But it’s not just the Platinum card out with a bigger bonus. You can currently earn 60,000 points on the Amex Gold Card after spending $4,000 within six months. That’s nearly double the standard 35,000-point bonus, and you’ve got twice as long to meet the minimum spending requirement. You can also see if you’re targeted for an even better 75,000-point bonus via CardMatch!

To top it off, you’ll always earn 4x points at U.S. supermarkets and restaurants all around the world. It’s one of the best credit cards for your weekly groceries or dining out. And that’s what makes it one of the best all-around credit cards for any traveler – and why it’s fairly easy to stomach the card’s $250 annual fee (see rates & fees).

 

Gold Card

 

Click Here to learn more about the American Express Gold Card. 

 

Work Towards A Minimum Spending Requirement on Any Card

Almost every new travel rewards credit card you open will give you a three-month window to hit the minimum spending requirement for those bonus points or miles.

Take, for example, the Chase Sapphire Preferred Card, which is currently offering 60,000 Chase Ultimate Rewards points after spending $4,000 in the first three months. And while that spending requirement is on the higher side, opening a card now, you will give have until mid-February 2020 to meet the spending required to earn the bonus. 

So if you are planning on tackling some of your holiday shopping soon, you’ll be able to chip away at the minimum spending requirement.

Read our post on the Top Travel Rewards Credit Cards Offers for November

 

Take Advantage of Increased Cash Back & Shopping Portals

Don’t forget to stack any deals you find via an online shopping portal. You can use a site like cashbackmonitor.com to find the best deal wherever you are about to make a purchase.

And if you’ve got a card that earns American Express Membership Rewards points, you can even earn Amex points instead of cashback by shopping via Rakuten.

Thrifty Tip: Not using Rakuten? Sign up using our referral link and you can earn $40 after making your first purchase.

 

Bottom Line

At the end of the day, any card is a good card to use for holiday shopping if you are working towards a minimum spend requirement to earn a large welcome offer bonus. But you should never spend money you don’t have just to reach the minimum spending requirement. That’s just a path to financial trouble.

The cards on this list are solid holiday shopping options and some (the Chase Freedom cards) also offer an introductory 0% APR period to ease the strain any holiday spending might cause.

 

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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