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Black Friday is just around the corner and many shoppers already keeping an eye out for this year's best deals. It's no secret that the day after Thanksgiving can be the best day of the holiday season to save on Christmas shopping.
But extra savvy shoppers can add to their savings by using one of the best credit cards for Black Friday deals. Some cards offer as much as 10% cash back on certain holiday shopping purchases!
We've selected the top credit cards from our partners for holiday purchases to earn the most rewards on your spending, so here are five credit cards for Black Friday that can help you earn loads of rewards.
Top 5 Credit Cards for Black Friday & Holiday Shopping 2016
This popular cash back credit card can earn you loads of rewards on this year's holiday spending. On top of earning 1% cash back on all purchases, the Discover it Card earns 5% cash back in special bonus categories that rotate each quarter. From now until the end of the 2016, cardholders earn 5% cash back on Amazon.com, department stores, and Sam's Club.
The 5% category rewards cap at $1,500 and then you will earn 1% on other purchases after that cap is reached. The list of approved department store and online retailers include Walmart.com, Target.com, JCPenny stores, Sear's stores, and more. See the full list, here.
As if the rewards rates weren't good enough, Discover will also match all the cash back cardholders earn during their first year of cardmembership. This means that if you earn $200 in rewards, you'll end up receiving $400! With this special bonus the Discover it® Cashback Match™ allows you to make your holiday spending go farther than any other credit card.
If you plan on doing the majority of you holiday shopping on Amazon.com, you should definitely apply for the Blue Cash Prefered® Card from American Express. If you apply by 1/11/2017, you'll earn an unbelievable 10% cash back at Amazon.com in the first 6 months, up to $200! *This offer and/or promotion may have since changed, expired, or is no longer available.
In addition to the great intro bonus on Amazon.com, cardholders can earn $150 back after spending $1,000 in purchases within the first 3 months. But the rewards don't stop there; you'll earn an incredible 6% cash back on up to $6,000 per year in purchases at U.S. Supermarkets, unlimited 3% cash back at U.S. gas stations, and 1% on other purchases.
This card offers 0% intro APR for 12 months on purchases and balance transfers and an ongoing APR of 13.99%-24.99% Variable. The Blue Cash Preferred® Card from American Express comes with an annual fee of $95, but you should easily be able to cover that with all the cash back you earn. *Terms and restrictions apply.
Just like the Discover it Card, the Chase Freedom offers a generous 5% cash back at department stores until the end of the year. You'll also earn 5% cash back on purchases at wholesale clubs and drugstores, plus 1% back on all other purchases. The 5% cash back on the Chase Freedom categories are limited to the first $1,500 in purchases each quarter.
Cardholders will also earn $150 cash back bonus after spending $500 on purchases in the first 3 months from account opening. There is no annual fee with the Chase Freedom® and you'll even enjoy 0% intro APR for 15 months on purchases and balance transfers! The ongoing APR is 15.74% - 24.49% Variable.
If you're interested in earning loads of travel rewards this Black Friday, the Barclaycard Arrival Plus is an excellent travel credit card that will earn you a consistent 2x miles per dollar on all of your purchases. Earning double miles on all purchases makes this the perfect card for shoppers who want to earn a good rewards rate on holiday purchases even if you're shopping outside of the normal retailers like Amazon.com and department stores.
Another incentive to use the Barclaycard Arrival Plus™ World Elite MasterCard® on all your holiday shopping is that there's a sign up bonus of 50,000 bonus miles after you spend $3,000 in the first 90 days. That's enough to redeem for a $500 travel statement credit!
For consumers who are more into cash back than travel rewards, look no further than the Citi Double Cash if you want to earn constistently generous rewards this Black Friday. Cardholders earn 1% cash back on all purchases and an additional 1% cash back when you pay for those purchases. There are no caps to how many rewards you can earn and no enrollment is required.
This card also comes with a great balance transfer offer of 0% intro APR for 18 months. There is no annual fee on the Citi® Double Cash Card, and the ongoing interest rate for purchases and balance transfers is 14.49% - 24.49%* (Variable).
The Bottom Line
Earning credit card rewards is a great way to save money during what can be the most expensive time of the year for many consumers. Whether you're interested in travel rewards or cash back, it's easy to find a credit card that fits your needs this holiday season.
Don't settle for simply getting a great deal this holiday season; use a rewards credit card to take your savings even further! Apply today so you'll be ready to hit the stores on Black Friday!