Sunday, November 13, 2011

Best Credit Cards for the Holidays Shopping

Disclaimer - The Discover offers are no longer valid.

Here are my favorite credit cards, in order, for the specific type of shopping people usuallydo during the holidays:

1) Citi Dividend - 5% on every major category of spending for the holidays.  Department Stores (like Macy's), clothing stores, toy stores and electronics.
            - Keep in mind that you can only get $300 of rewards a year
            - You also get $200 back after spending $500 in the first 3 months.

2)  Discover it™- 5% back on restaurants, department stores and clothing stores for this quarter.
            - You only get 5% on $300 of spending in these categories
            - Turn your 5% into 6.25% back with gift cards

3) Chase Freedom - 5% at restaurants, department stores, movie theaters and charities (not clothing stores) for this quarter.
            - You can get 5% on up to $1,500 of purchases
            - $100 sign up offer when you spend $500 in the first 3 months.

4) Target Red Card - 5% off target all year round, not just the holidays, and free shipping.