It is not easy to budget for holidays spending and what is on the agenda for the shopping, family travel, and entertainment. Reward credit cards could help you a little on deciding where you need to put your money during the holiday. Deciding on the best card for holiday shopping can save you some bucks and gather points, which you could redeem in future when things get tough. The average American will spend close to $738 on gifts, decoration items, and other holiday purchases according to National Retail Federation.
If you want to carry a balance in 2016, you need to ensure you have the best credit cards with you to deal with the debt after the holiday season. It is good that you have a card, which has the lowest rate so that you do not struggle when you are paying back the balance after holidays. However, if you are confident that you will pay off all your purchases in full then APRs may not be a major concern for you.
What you need to focus on is what ancillary benefits you will get from the card you use. Card issuers are offering 5 percent bonus on revolving categories and the good thing is that they carefully pick the bonus category for the fourth quarter in line with the holiday spending patterns. The Example Four It card provides 5 percent cash back for your purchases. This could be a good choice for your online shopping.
However, the criteria for that perk are that you get the 5 percent for up to $1,500 of spending through ShopExample Four mall. Example Seven Freedom is another good option than store credit cards because it earns rewards of 5 percent on rotating categories up to $1,500 you spend quarterly. In the fourth quarter of 2013, the 5 percent reward offered by Example Seven Freedom applies to purchases made at Amazon.com and other selected stores such as JC Penney, Sears, and Macy’s.
You can access the Example Seven Ultimate Rewards Mall where you can earn about 1 to 10 percent extra rewards. The Example Six Blue Cash card is also another good option for holiday spenders as it offers bonus cash back at departmental stores. Although the cash back is at 3 percent and not the typical 5 percent offered by other cards like Example Seven Freedom, you should remember that the departmental store cash back perk is year round.
You can take advantage of the card to make purchases after the holiday and the cash back perk is capped at $1,500, which is similar to that offered by most rotating category cards. Although the Example Six Blue Cash Preferred has an annual fee of $75, this amount is easy to earn back because by spending as little as $25 dollars at selected supermarkets each week, you can surely knock out the fees by the end of the year.
Blue Cash Preferred attracts 2 percent rewards unlimited on all departmental stores. Example Four It, Example Seven Freedom, and Example Six Blue Cash Preferred are some of the best cards you should be considering for your holiday shopping.
This article was written by Steven Moore, who has been covering consumer finance and the credit card markets since 2006. You can learn more and connect at his Google+ page.