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The Best Credit Cards for Maximizing Your Holiday Shopping

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‘Tis the season for holiday shopping. According to a recent study, Americans will spend roughly $87 billion on Black Friday and Cyber Monday shopping in 2019. That breaks down to an average of about $397.50 per adult.

If you plan to partake in the deal madness this Black Friday and beyond, and you can be responsible with those purchases, you should be getting something back on the money you spend. Whether that’s increased points or cash back, or 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 2019 Black Friday, Cyber Monday, & holiday shopping.

 

The Chase Freedom Card

The Chase Freedom Card 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. For the fourth quarter of 2019, those bonus categories are:

  • Department Stores (think Macy’s, Nordstrom, Bloomingdale’s, etc.)
  • PayPal & Chase Pay transactions (see which retailers accept Chase Pay here).

On top of those bonus categories, cardholders earn 1% cash back per dollar spent on all other purchases. What makes the Freedom card so valuable is that as long as you hold either the Chase Sapphire Preferred or Chase Sapphire Reserve, all cash back earned on the Freedom card can be converted into Chase Ultimate Rewards points. Read up on how to do that here.

  • Welcome Offer of $150 cashback after spending $500 in the first three months (can be converted to 15,000 Ultimate Rewards Points)
  • Earn 5% cashback (or 5x Chase points) on up to $1,500 in spending in rotating quarterly bonus categories. You will earn 5% back at department stores, Paypal & Chase Pay transactions through the end of 2019.
  • Earn an unlimited 1% cashback on all other purchases
  • No Annual Fee
  • 0% introductory APR for the first 15 months
  • Subjected to the Chase 5/24 Rule

 

Holiday Shopping Credit Cards

 

Click Here to learn more about the Chase Freedom Card. 

 

The Chase Freedom Unlimited Card

As the name suggests, the Chase Freedom Unlimited Card has many similarities to the Chase Freedom card. 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 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.

  • Welcome Offer of $150 cashback after spending $500 in the first three months (can be converted to 15,000 Ultimate Rewards Points)
  • Earn an unlimited 1.5% cashback on all purchases
  • No Annual Fee
  • 0% introductory APR for the first 15 months
  • Subjected to the Chase 5/24 Rule

 

Holiday Shopping Credit Cards

 

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

 

The Citi Double Cash Card

The Citi Double Cash card is another great cashback card that might make sense for your upcoming holiday shopping. The card earns 1% cashback when you make a purchase, and another one percent cashback when you pay your bill (2% total).

Like the Chase Freedom cards above, the Citi Double cash will even give you the option to convert the cashback earned on the card into Citi ThankYou points, as long as you hold a card that earns them like the Citi Prestige or Citi Premier cards.

  • Get 2% on every purchase with unlimited 1% back when you buy, plus an additional 1% as you pay for those purchases.
  • 0% introductory APR for the first 18 months
  • No Annual Fee

 

 

Click Here to learn more about the Citi Double Cash Card (this is not an affiliate link)

 

A Card You Are Working Towards A Minimum Spending Requirement On

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 on either Black Friday or Cyber Monday (or both), you’ll be able to chip away at the minimum spending requirement – even if it’s as small as $500, as with the Chase Freedom Card.

Read our post on the Top 10 Travel Rewards Cards for November 2019

 

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.

 

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 also offer an introductory 0% APR period to ease the strain any holiday spending might cause.

 

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Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer.

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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