NerdWallet’s Best Credit Card Tips for February 2024

Jaime Hanson
By Jaime Hanson 
Updated
Edited by Erin Hurd

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Whether you’re a die-hard football fan, showing your love to a special someone or hyped for a three-day holiday weekend, the shortest month of the year packs plenty of opportunities to spend on days like Valentine’s Day, Super Bowl Sunday and Presidents Day.

That said, if you’re still recovering from December’s holiday spending, now is probably not the time to derail your financial New Year's resolutions. Here’s a look at the best credit card offers available this month to help you enjoy a fun, yet frugal, February.

Make it an entertaining Valentine's Day

Capital One® SavorOneSM Cash Rewards Credit Card
NerdWallet rating 

Whether you’re showing your love for a significant other, your best friends or even your pets this Valentine’s Day, the cost of showing you care can really add up. In an annual survey conducted by the National Retail Federation, 52% of consumers said they plan to celebrate Valentine’s Day in 2024, spending an average of $185.81.

If a dynamic date night is on your Valentine’s Day menu, look no further than the Capital One SavorOne Cash Rewards Credit Card, which is NerdWallet's Best-Of Awards winner for entertainment in 2024.

It offers unlimited 3% cash back on dining and entertainment, popular streaming services and for purchases at grocery stores (excluding superstores like Walmart and Target), plus 1% on all other purchases, all for a $0-annual fee.

Prefer to skip Valentine’s Day altogether, or celebrate with a cozy night in? The Capital One SavorOne Cash Rewards Credit Card still has you covered, offering an eye-popping 10% cash back on purchases made through Uber and Uber Eats, plus complimentary Uber One membership statement credits through Nov. 14, 2024.

Plan ahead for Presidents Day savings

If you’ve been anticipating a large purchase, particularly on big-ticket household items like furniture, mattresses, TVs and appliances, Presidents Day (Feb. 19), could be your prime opportunity to score a great deal.

These big-ticket items are almost always advertised alongside financing options directly from the retailer, so you can expect to be presented with a store credit card offer while you shop.

Retail financing offers can be tempting, whether because of an accompanying store discount or as a way to help you pay off the purchase over time. But note that store clerks aren’t financial advisors, and the moment you’re standing in line at checkout isn’t the best time to make a financing decision. 

Make sure you’ve read and understand the terms of any store credit card product before you walk into the store. Is that 0% interest offer truly 0% APR, or is it (much more likely) a deferred interest offer? How does the discount available with the store’s credit card compare with rewards you could obtain with a different card in your wallet?

Empower yourself with research and a spending plan before Presidents Day arrives to avoid making spur-of-the-moment spending decisions you may later regret.

Find interest relief on your debt-free journey

Citibank Simplicity Credit Card
NerdWallet rating 

Though the short month of February brings many opportunities for spending, many Americans are still focusing on financial New Year’s resolutions, like saving money and paying down credit card debt. 

If you have good credit (around a score of 690 or higher), consider a low-interest balance transfer card to help you save money on accrued interest while you pay down your credit card balances.

The Citi Simplicity® Card offers the following: 0% Intro APR for 21 months on Balance Transfers and 12 months on Purchases, and then the ongoing APR of 19.24%-29.99% Variable APR . » MORE: What is a balance transfer, and should I do one?

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