Best Credit Cards for Holiday Shopping

Best Credit Cards for Holiday Shopping

November 24, 2015         Written By Lynn Oldshue

LowCards is a Citi partner. These offers, valid when the article was written, may have expired. View our full editorial disclaimer here.

The holiday season brings out the shopaholic in all of us as we buy the gifts for loved ones and friends. To make the most of the money you spend, make sure you maximize your credit card rewards program.

Here are a few of the cards that are more appealing to use during the holiday season.

Citi Double Cash

card image
The Citi Double Cash card features one of the leading cash back rewards programs. Cardholders receive a total of 2% cash back on all purchases in the form of 1% at the time of the transaction, and another 1% at the time of payment. There are no limits to the cash back you can earn, and no bonus categories to worry about. The Double Cash card features 18 months of 0% APR on balance transfers, with a balance transfer fee of 3%. Subsequently, the standard interest rate will be 15.49% - 25.49% (Variable) depending on your creditworthiness when you applied.

Capital One Quicksilver

card image
The Capital One Quicksilver card is a very attractive cash rewards credit card that also comes with no annual fee and a relatively low APR. You receive 0% APR on both purchases and balance transfers until September 2016 (almost nine months from today). Then, the on-going APR is 15.49% - 25.49% (Variable). The rewards are incredibly strong and easy to understand. Cardholders receive 1.5% back on all purchases with no limit to the amount. In addition, you receive a $100 bonus after you spend $500 during the first three months of card ownership. The card does have a balance transfer fee of 3%, but no foreign transaction fees. You need “good” credit to qualify for this card.

Chase Freedom

The Chase Freedom is a great cash back credit card for the holidays. It offers 5% cash back at and other select online stores through December 2015. The limit for the 5% offer is $1,500 per quarter, but you can still get 1% cash back on all other purchases. There is a $150 cash back bonus once you spend $500 during the first three months of having the card. Plus, you can earn a $25 bonus after adding your first authorized user and making a purchase within the same three month period.There is no annual fee with this card.

Citi Diamond Preferred

card image
The Citi Diamond Preferred card made it on our list because of its long introductory period. Sign up for this card, and you receive a 0% introductory APR for 21 months on balance transfers (must be made within the first four months of card membership) and 12 months on purchases. That gives you a long time to pay off your holiday shopping, clear through the middle of 2017. After that, the APR will be 15.24% - 25.24% (Variable) based upon your creditworthiness. There is no rewards program associated with the card, but it is a great option when you just need an interest-free loan to shop with during the holidays.

Retail Store Credit Cards

Some stores offer attractive deals on their retail credit cards during the holidays, knowing this is a peak time for applications. But consumers need to be very diligent in reading the terms and conditions of these cards before you apply. Many have incredibly high APRs. If you carry a balance from one month to the next, those interest payments will more than negate any up-front savings.

Purchasing gift cards can also be a way to save money. Many stores and restaurants run specials on gift cards during the fourth quarter where they will give a small gift card to the buyer as a reward for purchasing a larger gift card. Contact your favorite restaurants to see if they offer any bonus on the purchase of a gift card.

The information for the Chase Freedom has been collected independently by The product details on this page have not been reviewed or provided by the bank advertiser.

The information contained within this article was accurate as of November 24, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Lynn Oldshue

Lynn Oldshue has written personal finance stories for for twelve years. She majored in public relations at Mississippi State University.
View all posts by Lynn Oldshue
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured No Annual Fee Card
Top Features : Earn cash back twice. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : No Annual Fee; Cash Back match at the end of your first year; Social Security Alerts
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time
Featured Cash Back Card
Top Features : No Annual Fee, Bonus Offer, Cash Back