Save Even More Using the Best Credit Cards for Black Friday
Black Friday is this week, making some things on your holiday wish list much cheaper than before. Using the right credit card for your purchases can increase your savings (or help you make that bigger purchase), and sometimes give you as much as 5% cash back! Here are our picks for the best credit cards to use on all your Black Friday shopping.
Best Credit Card for Amazon
Amazon Prime Store Card - 5% cash back on Amazon purchases.
The Amazon Prime Store Card offers a 5% cash back statement credit on all Amazon purchases. As the name suggests, you'll need to be an Amazon Prime member to take advantage of this offer. However, if you're going to get the true value of 5% cash back at Amazon, a Prime membership is a great investment. As a cardmember, you'll also get access to exclusive deals that give you more than 5% back on certain items. I have this card in my wallet, and it's a great way to save money on my Amazon purchases. Plus, it has no annual fee!
Best Credit Card for Department Stores (and Walmart!)
The Chase Freedom Flex℠ Card offers 5% cash back in four rotating categories throughout the year and Q4 2020 will see that 5% cash back. That 5% is capped at $1,500 in spending, so that's a max of $75 back per quarter. You'll earn 5% cash back this quarter at Walmart and PayPal with no annual fee on the card.
Other Options for Cash Back
Citi Double Cash-1% cash back upon initial purchase, and an additional 1% cash back when you pay your bill.
If you don't qualify to be a USAA member, the next best credit card for you is the Citi Double Cash card, which earns a 1% cash back upon initial purchase, and an additional 1% cash back when you pay your bill. This card gets our seal of approval, both for the size of the return on spending, and for encouraging healthy spending habits. There's no annual fee.