As you dive into holiday shopping, get some extra oomph from your spending by using a rewards credit card that provides additional cash back or points at the retailers — or retailer websites — you visit most.
The Discover It card, for example, provides 5% cash back on up to $1,500 in combined purchases at Amazon.com, Target.com and Walmart.com in the fourth quarter of 2020 (1% on all other spending). Quarterly categories for 2021 haven’t been announced, but bonus categories in 2020 included grocery stores, gas stations, wholesale clubs and restaurants.
For rewards on a broader variety of online purchases, consider the Bank of America Cash Rewards Visa.
You choose one of six categories that earn 3% cash back, including online shopping, gas, dining, travel, drugstores, and home improvement and furnishings — and each calendar month you can change the category.
The card also offers 2% back at grocery stores and wholesale clubs. After you spend $2,500 combined in the 2% and 3% categories each quarter, you get 1% back on purchases in both categories. All other spending earns 1% back.
The branded card of a retailer you are loyal to might have strong rewards.
The Amazon Rewards Visa offers 3% cash back on Amazon purchases (5% if you’re a Prime member), and the Capital One Walmart Rewards Mastercard provides 5% back at Walmart.com and 2% at Walmart stores (5% in-store the first 12 months if you use Walmart’s mobile payment app).