The holiday shopping season is already in full swing, and budget-minded spenders are always looking for ways to stretch every dollar. One way to get the most bang for your buck is to choose the best credit card for the situation. Here’s a look at some of the most popular credit cards and how they could fit well into your holiday spending plans.
Online shopping: Chase Freedom
Chase Freedom offers 5.0% cash back on categories that rotate each quarter. This quarter, purchases made on Amazon, the online holiday shopping epicenter, qualify for the higher rate. In addition, customers get 1.0% cash back on all other purchases.
In-store shopping: American Express Blue Cash Preferred
The Blue Cash Preferred card from American Express offers 3.0% cash back at department stores. However, when it comes to holiday food shopping, the 6.0% cash back at grocery stores is hard to beat.
Cash Back: Discover It/Citi Double Cash
If you use Apple Pay, Discover It is offering an incredible cash back deal through the end of the year. Discover is offering 10% cash back on up to $10,000 in in-store Apple Pay purchases through the end of 2015. New card holders also get double cash back for their first 12 billing cycles, which means that they could earn up to $2,000 cash back on $10,000 in December purchases.
While Discover It may be the best short-term cash back option, the Citi Double Cash card offers the highest flat cash back rate among consumer cards: 2.0% across all purchases. In addition, the card charges no annual fee.
Initial rewards: Citi ThankYou Premier/Ink Plus Business
Possibly the best deal going for new users is…
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