With the holidays coming up the thing most on our minds is what it will be like with COVID? Trips and get-togethers con la familia will have to be put on hold but thankfully we’ll still be able to send gifts. Of course, your spending limit will be different based on how you’ve been affected by the pandemic, but what everyone can agree on is that saving money is the best policy.
So what can we do to save when we spend? A strict budget and a cash back credit card can be a good place to start. But what makes a good credit card for holiday shopping?
A few things like cash back, rewards, no interest shopping, and low introductory APR. We’re trying to get the max cash back on what we already plan on buying.
Here are our 3 favorite credit cards for holiday shopping:
This credit card has huge cash back rewards and no annual fee! You can earn 5% in rewards on things like grocery stores so you can get all the ingredients for abuelitas tamales, and use rideshare services so you can get to and from social distance shopping dates. You can spend cash back rewards on Amazon– plus this card automatically matches your cash back earned after your first year!
Chase Freedom offers great rewards on most of the stuff you already buy. They’re offering 5% on travel purchased through Chase Ultimate Rewards®, 3% on drugstore purchases, 3% on dining at restaurants, including takeout and eligible delivery services which is great if you plan on ordering in during the holidays and 1.5% on all other purchases. There is no annual fee and no limit to redeem cashback.
This credit card isn’t joking about offering double! You get 2% cash back, 1% when you make a purchase and another 1% when you pay for it. And there is no limit to the amount you can earn. You also get 18 months of 0% APR financing on transfers, with a 3% balance transfer fee.