We’re barely two months away from Black Friday, the official start of the holiday shopping season. Many of us will spend money shopping online at Amazon and other retailers during the days leading to Christmas, Hanukkah, and Kwanzaa. A number of great credit cards — many with no annual fee — will earn you bonus points for shopping online and in-person!
Let’s talk about some of the best personal cards to earn travel points/miles or cashback for shopping online!
We’ll discuss credit cards earning more than 1% or 1 point per dollar spent — which is pretty much the standard “bonus” for shopping online with most cards.
Why Are We Talking About This So Early?
Many credit cards come with welcome bonuses (extra cashback, points, etc) that must be earned by spending a certain amount of money during a designated period of time — usually three months. So applying now for a new credit card gives you plenty of time to be approved, receive your card in the mail, and use it for holiday shopping! (And who doesn’t need some extra money after the holiday season?)
Best Personal Cards for Amazon, Online Shopping, and Other Retailers
If you regularly shop certain big box stores (i.e. Best Buy, Nordstrom, Target, etc) you might have one of their co-branded credit cards that give you discounts or money back.
For other stores, though, or if you don’t own a store’s cobranded card, here are some options you’ll want to consider:
The Chase Freedom Unlimited Card has no annual fee and gives you 3% back on all purchases (up to $20,000 in purchases) during the first year you hold the card. So if you get the card now, you’ll have until next fall to enjoy the 3% back (until you reach $20,000).
After the first 12 months or $20,000 spend limit is met, all purchases thereafter made with your Chase Freedom Unlimited Card earn 1.5% cashback.
Capital One Quicksilver Cash
Capital One’s Quicksilver Cash (learn how to apply) is another no annual fee card and earns an unlimited 1.5% cashback on every eligible purchase.
You’ll receive a $150 cash bonus after spending at least $500 in purchases within three months of being approved.
The no annual fee US Bank Cash 365 American Express Card rewards you unlimited 1.5% cashback on all purchases.
Plus, you earn a $150 bonus after applying online and spending at least $500 in eligible purchases within 90 days of your account’s opening.
It’s also a nice way to take advantage of “additional” Amex Offers if you have one more other American Express cards.
Wells Fargo Cash Wise Visa Card
Last but not least, Wells Fargo has a card similar to the others. Its Cash Wise Visa Card (learn how to apply) offers unlimited 1.5% back on all purchases. Plus, you can receive a $150 cash rewards bonus after spending $500 or more within the first three months after being approved. This, too, has no annual fee.
The Chase Freedom Unlimited Card‘s 3% cashback during the first year is great, especially for online shopping. If you reach $20,000 in spend during the first 12 months, you’ll receive $600 back.
However, the other cards will give you $150 bonus after spending only $500 in the first three months. You’ll need to spend ten times that on the Chase Freedom Unlimited Card to earn $150 back. But 3% back for an entire year — especially on a no annual fee card — is pretty tempting, too.
Save MORE Money with Cashback Portals!
Don’t forget to start your online shopping at a cashback portal such as TopCashback, Rakuten (formerly Ebates), BeFrugal, or DOSH. Those rebates are separate from and stack with credit card promotions (i.e. Amex Offers) and points/cashback earnings.
I made a recent purchase at Best Buy — and received $3 back thanks to the 1% instore cashback offer.
A Good Strategy
You likely won’t use these cards for other everyday purchases. They’re good in conjunction with other rewards cards, though — especially because they carry no annual fee.
For example, the Chase Sapphire Reserve offers 3% back on dining and travel — which can be redeemed for 4.5% when booking travel through Chase’s travel portal. The American Express Gold Card (learn more and compare) earns 4% on worldwide dining. Chase Sapphire Preferred‘s 2X on dining and travel are worth 2.5 points on travel through Chase’s portal.
Even though it carries a $95 annual fee (which can easily be recouped), the Blue Cash Preferred Card from American Express (learn more and compare to other cards) earns 6% back at US supermarkets (up to $6000 spent annually) and on streaming services, 3% at US gas stations and on taxis/rideshare/parking/tolls/trains/buses/etc. So the US Bank Cash 365 American Express Card or Capital One’s Quicksilver Cash (learn how to apply) would better serve you when shopping online.
Questions or Recommendations?
Do you have or particularly like these — or other — cash back cards for shopping online? Please share your thoughts in the Comments section!
Cover image: ©iStock.com/BsWei
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