Planning an epic New Year’s celebration? In addition to high spirits and good company, you’ll need the right credit card to pull it off. Check out the Nerds’ top picks below — we have a solid recommendation for every type of fete.
If you’re hitting a bar (or two): Chase Sapphire Preferred® Card
But the Chase Sapphire Preferred® Card also offers another option when it comes time to cash in your points: You can transfer them at a 1:1 ratio to participating frequent traveler programs. If you’re an experienced travel hacker, this is a huge opportunity to wring a lot of value out of each point.
The Chase Sapphire Preferred® Card is also a great option if you frequently travel overseas. It charges no foreign transaction fee and comes chip-enabled.
Finally, this card offers a stellar signup bonus: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®. Keep in mind that it carries an $0 for the first year, then $95.
If you’re hosting a party at home: Blue Cash Preferred® Card from American Express
If the bar scene is a little too wild for you, using the Blue Cash Preferred® Card from American Express to host a party at home is a smart idea. With this card, you’ll earn 6% cash back at U.S. supermarkets, up to $6,000 spent per year (then 1%). You’ll also earn 3% cash back on gas and department store spending, and 1% cash back on all other purchases. Since having a party usually means buying a lot of food and drinks, using the Blue Cash Preferred® Card from American Express to stock up at the supermarket will earn you a hefty pile of cash back.
In terms of a sign-up bonus, the Blue Cash Preferred® Card from American Express offers a generous one: Offer is no longer available through our site. $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months. Terms Apply. The annual fee has a Special Offer: $0 intro annual fee for the first year of Card Membership, then $95.. If you’re spending a lot at the supermarket throughout the year you’ll likely still come out ahead because of the card’s high rewards rate.
If you’re catching a movie or concert: Citi ThankYou® Preferred Card
Also, keep in mind that the Citi ThankYou® Preferred Card provides access to another benefit that could make your holiday sparkle: Citi Private Pass. Private Pass will give you the opportunity to buy exclusive tickets to a wide range of entertainment events, so be sure to capitalize on this feature.
When it comes time to redeem all those ThankYou points you’ve been earning, you’ll have a wide range of options. But the Nerds recommend using them for gift cards or cash equivalents. This way, you’ll get the most value out of each point.
Since all these great perks come at an annual fee of $0, this is definitely a card to keep on hand.
If you’re planning a getaway: Barclaycard Arrival Plus™ World Elite MasterCard®
Planning to get out of town to celebrate the New Year? Think about using the Barclaycard Arrival Plus™ World Elite MasterCard® to book your trip. With it, you’ll earn 2 miles on every dollar you spend. Each mile is worth $.01 apiece, but you’ll also get 5% of your miles back every time you redeem.
Speaking of redeeming for travel, this couldn’t be easier with the Barclaycard Arrival Plus™ World Elite MasterCard®. You’ll simply book your trip as you normally would – using the airline, hotel chain or discount travel site of your choice – then pay yourself back with your miles in the form of a statement credit. This flexibility means that you’ll have the freedom to search out the best deal on your trip, while still being able to use your rewards to pay for it.
If your end-of-year bash will take you overseas, the Barclaycard Arrival Plus™ World Elite MasterCard® has you covered. It comes with chip-and-PIN capability and charges no foreign transaction fees.
Also remember that the Barclaycard Arrival Plus™ World Elite MasterCard® comes with an outstanding signup bonus: Offer is no longer available through our site. Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days — that's enough to redeem for a $500 travel statement credit. It charges an annual fee of $0 for the first year, then $89.
Here’s to a happy, healthy and financially savvy New Year!
Cheers image via Shutterstock