Best credit cards for holiday shopping in 2021

Date:

This story is part of Holiday Gift Guide 2021A list of ideas by topic, recipient, and price. Helps you find the perfect gift.

this 2021 holiday season You can harness the power of your credit card to maximize your holiday spending and take advantage of additional features such as purchase protection. There is no annual fee for all the options for choosing the best credit card for your holiday shopping. It often features a 0% introductory APR period, a competitive welcome bonus, and a credit card rewards program.

Intro bonus$ 200 Online Cash Reward Bonus After making a purchase of at least $ 1,000 in the first 90 days of opening an account

April13.99% -23.99% Purchase and Balance Transition Fluctuations APR

Recommended credit Excellent / good

Rate of return

  • Earn 3% cashback in selected categories (up to $ 2,500 for quarterly purchases in selected categories / grocery stores / wholesale clubs)
  • Automatically earn 2% at grocery stores and wholesale clubs (up to $ 2,500 for quarterly purchases in select categories / grocery stores / wholesale clubs)
  • Earn unlimited 1% on all other purchases.

Annual fee$ 0

Intro purchase April0% intro APR for 15 billing cycles of purchase

Intro Balanced Transfer APR0% intro APR for 15 billing cycles of BT created in the first 60 days. A 3% fee (minimum $ 10) applies.

Balance transfer fee $ 10 or 3% of the amount of each transaction, whichever is greater.

Balance transfer APR13.99% -23.99% Purchase and Balance Transition Fluctuations APR

Postpaid charges Up to $ 40

Foreign transaction fees 3%

Penalty april Up to 29.99% APR

  • Earn 3% cashback in selected categories (up to $ 2,500 for quarterly purchases in selected categories / grocery stores / wholesale clubs)
  • Automatically earn 2% at grocery stores and wholesale clubs (up to $ 2,500 for quarterly purchases in select categories / grocery stores / wholesale clubs)
  • Earn unlimited 1% on all other purchases.

Our take

Bank of America Customized Cash Rewards Credit Cards * will earn you the most cash back when you do most of your online shopping this holiday season. “Online shopping” is one of the categories you can choose with a 3% cashback reward rate on your card. Please note that you should actively select this benefit category in the Bank of America app or website. You’ll also get 2% cash back at grocery stores and wholesale clubs (up to $ 2,500 for quarterly purchases in the 3% and 2% categories, then 1%) and 1 for all other purchases. Earn a% cashback reward rate. Includes other incidental holiday expenses.

15 of $ 200 online cash rewards (after spending $ 1,000 in the first 90 days after opening an account) and referral bonus rewards and balance transfers (13.99% to 23.99%) made during purchases and the first 60 days 0% referral APR to the billing cycle followed by variable APR) also makes this cash reward card competitive with other picks.

Intro bonusA $ 200 bonus after spending $ 500 on purchases in the first three months of opening an account.

April14.99% -24.74% variable

Recommended credit Excellent / good

Rate of return

  • We spent up to $ 12,000 in the first year with 5% cash back on grocery purchases (excluding Target® or Walmart® purchases).
  • 5% of travel purchased through Chase Ultimate Rewards®.
  • 3% cash back on restaurant meals, including takeaways and eligible delivery services, and drugstore purchases.
  • Unlimited 1.5% cash back for all other purchases.

Annual fee$ 0

Intro purchase April0% Intro APR for 15 Months Purchase

Intro Balanced Transfer APR0% Intro APR on Balance Transition for 15 Months

Balance transfer fee $ 5 or 5% of the amount of each remittance, whichever is greater.

Balance transfer APR14.99% -24.74% variable

Foreign transaction fees 3% (US $) of each transaction

Penalty april Up to 29.99%

  • We spent up to $ 12,000 in the first year with 5% cash back on grocery purchases (excluding Target® or Walmart® purchases).
  • 5% of travel purchased through Chase Ultimate Rewards®.
  • 3% cash back on restaurant meals, including takeaways and eligible delivery services, and drugstore purchases.
  • Unlimited 1.5% cash back for all other purchases.

Our take

Chase Freedom Unlimited credit cards provide purchase protection against damage or theft of items within 120 days of purchase. This means you’ll get a refund of up to $ 500 per bill, with a limit of $ 50,000 per account. It’s like insurance for your holiday gift. This card also offers some of the best amenities on other cards. A low-priced intro bonus and an intro APR of 0% for 15 months at the time of purchase (and then a variable APR of 14.99% to 24.74%). You can also maintain these purchase protection benefits and rewards year-round without an annual fee. By doing so, cardholders will benefit from the generous reward rates of the non-holiday categories offered by this card (such as grocery stores and drug stores).

Intro bonusBuy $ 500 in the first three months of opening your account and you’ll get a $ 200 bonus.

April14.99% -24.74% variable

Recommended credit Great, good

Rate of return

  • We spent up to $ 12,000 in the first year with 5% cash back on grocery purchases (excluding Target® or Walmart® purchases).
  • 5% cash back up to $ 1,500 on total purchases in the bonus category each quarter you activate. Enjoy the new 5% category quarterly!
  • 5% cash back on travel purchased through Chase Ultimate Rewards®.
  • 3% cash back on restaurant meals, including takeaways and eligible delivery services, and drugstore purchases.
  • 1% of all other purchases.

Annual fee$ 0

Intro purchase April0% Intro APR for 15 Months Purchase

Intro Balanced Transfer APR0% Intro APR on Balance Transition for 15 Months

Balance transfer fee $ 5 or 5% of the amount of each remittance, whichever is greater.

Balance transfer APR14.99% -24.74% variable

Foreign transaction fees 3% (US $) of each transaction

Penalty april Up to 29.99%

  • We spent up to $ 12,000 in the first year with 5% cash back on grocery purchases (excluding Target® or Walmart® purchases).
  • 5% cash back up to $ 1,500 on total purchases in the bonus category each quarter you activate. Enjoy the new 5% category quarterly!
  • 5% cash back on travel purchased through Chase Ultimate Rewards®.
  • 3% cash back on restaurant meals, including takeaways and eligible delivery services, and drugstore purchases.
  • 1% of all other purchases.

Our take

Chase Freedom Flex offers a cashback rate of 5% in the rotating quarterly category. For the fourth quarter of 2021, the categories are Wal-Mart purchases and purchases via PayPal. You can enjoy this benefit for a total of $ 1,500 (1% thereafter) with a quarterly purchase. You will need to manually activate this bonus reward category from your account, but other reward rates in other categories will be applied automatically. The card offers a cashback rate of only 1%, while its cousin Chase Freedom Unlimited has a cashback rate of 1.5%, but it also offers purchase protection.

Intro bonusNot applicable

April12.99% -26.99% (variable)

Recommended credit Limited / Normal / Good / Excellent

Rate of return

  • Up to 1.5% cash back on eligible purchases after making 12 scheduled payments each month.
  • Immediate 1% cash back on eligible purchases.

Annual fee$ 0

Intro purchase AprilNot applicable

Foreign transaction fees $ 0

  • Up to 1.5% cash back on eligible purchases after making 12 scheduled payments each month.
  • Immediate 1% cash back on eligible purchases.

Our take

WebBank, a Petal 2 Visa credit card issued by member FDIC, allows you to breathe this holiday season, even if you have fair or limited credit. This card has a credit limit of $ 300 to $ 10,000 based on creditworthiness.Unlike many Credit card for those with limited creditIt does not need to be cashed in advance and provides cashback rewards. In fact, you can get up to 1.5% cashback on eligible purchases (1% at the time of purchase, up to 1.5% with 12 scheduled monthly payments) and 2-10% large cashback. .. Cash back at some sellers.

You can keep this card open and continue to use it to build credits beyond holidays, without an annual fee. The card also has features to improve your financial management, such as budgeting and freezing your account.

Frequently Asked Questions

How can I save money using my credit card during holiday shopping?

Credit card referral offers, bonus points, and rewards programs are one of the best ways to spend and make the most of your money. Especially when using a card with no annual membership fee and repaying the balance every month.

Will the price be higher this year?

Supply chain shortage It can affect prices and inventory for this holiday season. The best way to avoid the effects of these shortages is to shop early and plan your budget in advance so that you don’t exceed the amount you can afford to raise prices. If you are considering a particular purchase, compare prices from different vendors online to make sure you get the best deal and make sure your item is in stock.

Do I need to close my credit card after vacation?

In general, no. Even if you have a credit card dedicated to holiday shopping, you can add resilience to your credit report by keeping your account open. That is, both the number of open accounts and the age of open accounts are taken into account. Credit score..

CNET confirms your credit card by thoroughly comparing your credit cards across the set criteria developed for each major category, such as cashback, welcome bonuses, travel benefits, and balance transfers. We take into account the typical spending behavior of different consumer profiles (understanding that everyone’s financial situation is different) and the specified features of the card.

For example, for cashback credit cards, important factors include annual fees, “welcome bonuses”, and cashback rates (or rates, depending on the spending category). For award cards and mileage cards, the net amount of each award on the card is calculated and evaluated. In addition, the balance transfer credit card analyzes specifications such as the 0% APR period at the time of introduction and the balance transfer fee, and recognizes secondary factors such as the standard APR and the time required for the balance transfer later. Open an account.

* Bank of America Customized Cash Rewards All information about credit cards is collected independently by CNET and has not been reviewed by the publisher.

The edits to this page are based solely on an objective and independent evaluation by the writer and are not affected by advertising or partnerships. It is not provided or outsourced by a third party. However, you may be rewarded for clicking links to products or services offered by our partners.

Best credit cards for holiday shopping in 2021 Source link Best credit cards for holiday shopping in 2021

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