» This page is out of date
One or more offers described in this article may have changed since it was published. See our best credit card tips for the current month.
The clocks are shifting and the evenings are growing longer. It’s time to light up these cold nights with some warm holiday celebrations.
Entertaining can get expensive, though, so use these credit card tips to earn cash back and rewards this November.
Get cash back on Black Friday
Hold off until Friday, Nov. 23, to make big purchases such as household appliances and electronics so you can take advantage of Black Friday deals. Major retailers like Best Buy and Walmart will share more details about their Black Friday sales in the coming weeks, and Target recently publicized its deals.
Wholesale clubs will offer deals on big-ticket items like televisions and gaming systems. And if you have either the Chase Freedom® or an eligible Discover card like the Discover it® Cash Back, it could be a lucrative shopping day indeed, as wholesale clubs are a 5% cash-back bonus category for those cards in the fourth quarter of 2018. With either the Chase Freedom® or a qualifying Discover card, you'll earn 5% cash back on up to $1,500 in combined quarterly purchases in bonus categories that rotate every three months (quarterly activation is required). All other purchases earn 1% back.
Keep in mind, however, that Costco accepts only Visa cards.
If the idea of camping out in front of a big-box store gives you nightmares, the 5% bonus for Q4 on the Discover it® Cash Back also applies to Amazon.com — perfect for both Black Friday and Cyber Monday. The other 5% bonus categories for the Chase Freedom® this quarter are department stores and purchases made via Chase Pay.
Consider cards with lengthy intro APR periods
Planning to replace your old fridge or washer/dryer on Black Friday this year? It can be hard to budget for huge household expenses while also buying holiday gifts. Consider using a credit card with a lengthy introductory APR period to buy the new appliance, and then pay the balance off over time without also having to pay interest. If you want to have such a card in time for Black Friday, now is the time to apply.
Some examples of credit cards that offer lengthy intro APR periods and charge no annual fee:
Use the right card for Thanksgiving groceries
The cost of a turkey and all the trimmings really adds up. Choose a card that will reward you handsomely for all that stuffing mix and canned cranberry goo.
With the Blue Cash Preferred® Card from American Express, you can earn a tough-to-beat 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (1% back after that). Terms apply. It does have an annual fee of $0 intro for the first year, then $95. But it's possible to come out on top with the rewards at U.S. supermarkets plus 6% back on select U.S. streaming subscriptions; 3% cash back at U.S. gas stations and transit (including such things as taxis, rideshares, parking, tolls, trains and buses); and 1% cash back on all other purchases. Terms apply. There’s also a welcome offer: Earn 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back. Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits. Terms Apply.
If you’d prefer a card with no annual fee, the Blue Cash Everyday® Card from American Express earns 3% cash back at U.S. supermarkets on up to $6,000 in purchases per year, 2% back at U.S. gas stations and select U.S. department stores, and 1% back everywhere else. You can also earn a welcome offer.
Give generously to those in need
Giving Tuesday, on Nov. 27, provides a nice break from nonstop Black Friday and Cyber Monday shopping. Consider using your rewards or cash-back credit card to make a donation to your favorite charity.
While credit card processing fees may reduce your donation by a small amount, some issuers and charitable organizations offer ways to offset that cost, so that the organization ends up receiving your full gift.
You’ll earn credit card rewards and possibly even a tax deduction if you itemize.