Best Credit Cards for Black Friday and Cyber Monday 2019

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Updated on Tuesday, September 24, 2019

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Black Friday and Cyber Monday are fast approaching, with Christmas not far behind. Last holiday season, consumers took on an average of $1,230 in debt for holiday shopping — and 68% of those with holiday debt put it on credit cards.

That’s especially true for younger shoppers. A 2018 MagnifyMoney survey found that millennials with holiday debt spent the most on credit, with an average of $1,318. By contrast, the number was $1,272 for Gen Xers, and $1,186 for baby boomers.

If using credit cards will be your strategy to fund holiday expenses, then it would be best to use it wisely, either by using a credit card with a 0% interest purchase promotion or a cashback card to help put some money back in your pocket. We’ve compiled a list of cards that can help you save money on interest or cash back to help you this holiday season.

Best for Amazon.com

If you’re an Amazon Prime member, the Amazon Prime Rewards Visa® Signature Card is a card you’ll probably want to have in your wallet for Cyber Monday. Earn 5% back at Amazon.com and Whole Foods Market with eligible Prime membership, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases.

Amazon Prime Rewards Visa® Signature Card

The information related to Amazon Prime Rewards Visa® Signature Card has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Amazon Prime Rewards Visa® Signature Card

Regular Purchase APR
14.24% to 22.24% Variable
Annual fee
$0
Rewards Rate
Earn 5% back at Amazon.com and Whole Foods Market with eligible Prime membership, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases.
Credit required
good-credit

Good

And one of the best things about this card? There’s no limit to how much you can earn. Some other cards offering 5% cash back have maximums on how much you can earn 5% back on — and once you hit that maximum, your rate drops until it’s time for a new category. If you plan to do a lot of Cyber Monday shopping on Amazon, this card is one of your best options.

There’s also a very nice sign-up bonus — Get a $70 Amazon.com Gift Card instantly upon credit card approval.

It should be noted that even though this card has a $0 annual fee, you must be a Prime member to have the card. Prime memberships cost $119 a year (or $59 a year for college students). There are monthly membership options available as well, but you’ll end up paying more over the course of a year than you would with the annual option.

If you already have Prime, getting this card is a great choice. You’re already paying for membership, and getting the Amazon Prime Rewards Visa® Signature Card is a great way to take advantage of that. If you don’t have Prime, and you’re considering getting it for this card, do the math first. You’ll need to spend $2,380 annually on purchases eligible for 5% cash back to recoup $119, or $1,180 to recoup the student rate of $59. After that, you’ll be earning net cash back.

Without Prime, you can apply for the Amazon Rewards Visa® Signature Card. It’s similar to the Amazon Prime Rewards Visa® Signature Card, but has a lower rewards rate and sign-up bonus. Earn 3% back at Amazon.com and Whole Foods Market, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases. Get a $50 Amazon.com Gift Card instantly upon credit card approval. The annual fee is $0.

Amazon Rewards Visa® Signature Card

The information related to Amazon Rewards Visa® Signature Card has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Amazon Rewards Visa® Signature Card

Regular Purchase APR
15.74% to 23.74% Variable
Annual fee
$0
Rewards Rate
Earn 3% back at Amazon.com and Whole Foods Market, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases.
Credit required
good-credit

Best for Walmart, Target and department stores

Our first card on this list, the Discover it® Cash Back, fits well for these stores, as well as Amazon. With it, you can earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases — automatically. The 5% category for October through December 2019 is Amazon.com, Target and Walmart.com. Between those three retail powerhouses, there’s not much you can’t buy.

There are two important caveats here. First, there’s a quarterly spending cap of $1,500 at the 5% cashback rate. So you can earn a maximum of $75 per quarter in the 5% category before your rate drops down to 1%. It will go back up to 5% when the next quarter’s category starts.

Second, while purchases made in-store at physical Target locations can be eligible, purchases made in-store at physical Walmart locations are not. So make sure to do your Walmart shopping online at Walmart.com and through the Walmart mobile app to get the higher cashback rate.

Now, if you know you’ll be doing most of your holiday shopping at Target, we’d be remiss not to mention the Target REDcard™ Credit Card. It offers a discount of 5% at Target & Target.com, applied automatically when you check out. It has an annual fee of $0. However, since this is a store card, you can only use it at Target and Target.com — so it might not be the best choice if you know you’ll be doing some of your Black Friday and Cyber Monday shopping elsewhere.

Target REDcard™ Credit Card

The information related to Target REDcard™ Credit Card has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Target REDcard™ Credit Card

Regular Purchase APR
25.15% Variable
Annual fee
$0
Rewards Rate
5% at Target & Target.com

For those planning to shop at stores such as Macy’s and Kohl’s, we recommend the Chase Freedom®. While department stores often offer their own store cards, we prefer a card that can be used anywhere. The Chase Freedom® gives you more flexibility than a closed-loop store card that can only be used at the retailer while also offering competitive rewards on department store purchases.
Chase Freedom®

The information related to Chase Freedom® has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Chase Freedom®

Regular Purchase APR
14.99% to 23.74% Variable
Annual fee
$0
Rewards Rate
Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months. Unlimited 1% cash back on all other purchases.
Credit required
good-credit

Excellent/Good

With this card, you can Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months. Unlimited 1% cash back on all other purchases. The 5% category for October through December 2019 is department stores and purchases made using PayPal or Chase Pay.

Plus, if you have the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve®, you can transfer points earned with the Chase Freedom® to your Sapphire card and redeem them for travel via the Chase Ultimate Rewards portal for additional value than they’d otherwise be worth.

Read: 10 Best 5% Cash Back Credit Cards

Best for 0% intro APR on purchases

Shopping for everyone on your list can get expensive. That’s especially true if you’re purchasing big-ticket items, such as electronics. But if you get a card offering a 0% introductory APR on purchases and make a plan to pay off what you charge within the intro period, you can save by avoiding interest charges.

The HSBC Gold Mastercard® credit card and the TruWest Visa Platinum Card both offer great introductory periods on purchases. The former offers 0% Introductory APR on credit card purchases for the first 18 months from account opening. After that, it’s Variable APR of 12.99% - 22.99% will apply after the Introductory Period. The latter offers 0% introductory APR for 18 months. After, 5.95% - 19.95% Variable.

HSBC Gold Mastercard® credit card

The information related to HSBC Gold Mastercard® credit card has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

HSBC Gold Mastercard® credit card

Regular Purchase APR
Variable APR of 12.99% - 22.99% will apply after the Introductory Period
Intro Purchase APR
0% Introductory APR on credit card purchases for the first 18 months from account opening
Intro BT APR
0% Introductory APR on balance transfers for the first 18 months from account opening. Balance Transfers must be posted within the first 60 days following Account opening.
Annual fee
$0
Balance Transfer Fee
Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check.
Credit required
good-credit

TruWest Visa Platinum Card

TruWest Visa Platinum Card

Regular Purchase APR
5.95% - 19.95% Variable
Intro Purchase APR
0% introductory APR for 18 months
Intro BT APR
0% introductory APR for 18 months
Annual fee
$0
Balance Transfer Fee
3% of the amount of each balance transfer

If you get to the end of your intro period and are still facing a large balance, it might be worth considering a balance transfer card. You can transfer debt from your existing card to a new card offering a 0% intro period for balance transfers. Just note that balances can’t be transferred between cards from the same bank, and you will typically incur a balance transfer fee of 3% to 5% of the amount transferred — however this fee is often outweighed by the amount you could save on interest. (There are also a few cards available which don’t charge a fee for balance transfers.)

For long periods of 0% intro APRs on balance transfers, as well as reasonable balance transfer fees, some cards worth considering are the Citi Simplicity® Card - No Late Fees Ever, the Citi® Double Cash Card – 18 month BT offer, and the Discover it® Balance Transfer.

Citi Simplicity® Card - No Late Fees Ever

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The information related to Citi Simplicity® Card - No Late Fees Ever has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Citi Simplicity® Card - No Late Fees Ever

Intro BT APR
0% for 18 months on Balance Transfers
Intro Purchase APR
0% for 18 months on Purchases
Regular Purchase APR
14.74% - 24.74% (Variable)
Annual fee
$0
Balance Transfer Fee
Balance transfer fee – either $5 or 3% of the amount of each transfer, whichever is greater.
Credit required
good-credit
Excellent/Good
Citi® Double Cash Card – 18 month BT offer

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The information related to Citi® Double Cash Card – 18 month BT offer has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Citi® Double Cash Card – 18 month BT offer

Intro BT APR
0% for 18 months on Balance Transfers
Regular Purchase APR
13.99% – 23.99% (Variable)
Annual fee
$0
Rewards Rate
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
Balance Transfer Fee
3% of each balance transfer; $5 minimum.
Credit required
good-credit
Excellent
 Cash Rewards Visa® Card from Baxter CU

The information related to Cash Rewards Visa® Card from Baxter CU has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Cash Rewards Visa® Card from Baxter CU

Intro BT APR
0%
Credit required
unknown-credit

Best for low, ongoing APR

We never recommend carrying a balance on your credit card. Your best option for covering big purchases, if possible, is to get a card offering a 0% intro APR deal on purchases and then pay off what you charge to the card before the intro period expires. However, if that’s not possible and you need to carry a balance for a longer period of time, a card with low ongoing APR can help you save some money on potentially expensive interest charges.

Keep in mind that you’re not guaranteed a specific APR when you apply for a card. You can see the card’s APR range, so you know what the minimum and maximum will be, but your specific rate will depend on a variety of factors. The better your credit score and credit history, the better chance you have of getting approved for an APR toward the lower end of the card’s range.

Aspire Platinum Mastercard® from Aspire FCU

Aspire Platinum Mastercard® from Aspire FCU

Regular Purchase APR
8.15% - 18.00% Variable
Intro Purchase APR
0% Intro APR on Purchases for 6 months
Intro BT APR
0% Intro APR on Balance Transfers for 6 months
Annual fee
$0
Balance Transfer Fee
$5 or 2% of the amount of each balance transfer, whichever is greater
Credit required
fair-credit

Average

The Aspire Platinum Mastercard® from Aspire FCU is a great choice if you need a long ongoing APR. This card offers an intro rate on purchases of 0% Intro APR on Purchases for 6 months. After that, the regular purchase APR is 8.15% - 18.00% Variable.

Because this card is issued by a credit union, you’ll need to join Aspire Federal Credit Union to apply for the card. If you don’t qualify through your employer or through a family member, you may be able to join through the Marine Stranding Mammal Center.

Best for big welcome offers

If you plan to spend a lot on Black Friday and Cyber Monday deals, this might be a good time to take advantage of a sign-up bonus. Sign-up bonuses, sometimes referred to as welcome offers, often require you spend a certain amount on purchases using your new card within a certain time frame from opening the account. If you do that, you can earn bonus cash back, rewards points or miles. Here are some of our top picks:

 Chase Sapphire Preferred® Card

The information related to Chase Sapphire Preferred® Card has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Chase Sapphire Preferred® Card

Regular Purchase APR
15.99% - 22.99% Variable
Annual fee
$95
Rewards Rate
2X points on travel and dining at restaurants, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases worldwide.
Credit required
good-credit

Good/Excellent

The Chase Sapphire Preferred® Card offers excellent value to frequently travelers. One of its key features is access to the Chase Ultimate Rewards® portal. Points redeemed for travel through this portal have additional value compared with other methods of redemption. If you don’t mind the annual fee of $95, this card is well worth considering. That’s especially true if you put your Black Friday and Cyber Monday shopping on this card and use it as a way to earn the sign-up bonus — Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.

With the Discover it® Cash Back, Discover will automatically match all the cash back you’ve earned at the end of your first year for new cardmembers. There’s no signing up and no limit to how much Discover will match. If you put the bulk of your spending on this card within the first year you have the card, this sign-up bonus has the potential to be an excellent value.

Wells Fargo Propel American Express® Card

The information related to Wells Fargo Propel American Express® Card has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Wells Fargo Propel American Express® Card

Regular Purchase APR
14.49% to 24.99% (Variable)
Annual fee
$0
Rewards Rate
Earn 3X points on eating out, ordering in and popular streaming services, 3X points on gas stations, rideshares and transit, and 3X points on travel including flights, hotels, homestays and car rentals. Earn 1X points on other purchases.
Credit required
excellent-credit

Excellent/Good

The Wells Fargo Propel American Express® card lets you earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months - that's a $200 cash redemption value — a $300 value. Plus, the ongoing rewards are great too. Earn 3X points on eating out, ordering in and popular streaming services, 3X points on gas stations, rideshares and transit, and 3X points on travel including flights, hotels, homestays and car rentals. Earn 1X points on other purchases. The card’s annual fee is $0.

Best for flat-rate cash back on everything

Maybe you don’t want to restrict your shopping to specific stores or purchase categories. If that’s the case, a flat-rate cashback credit card can help you earn money back on every purchase you make. Here are two of our favorite cards for flat-rate cash back:

The Citi® Double Cash Card – 18 month BT offer is regularly among our top choices for cashback cards. With this card, you can Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases..

Citi® Double Cash Card – 18 month BT offer

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The information related to Citi® Double Cash Card – 18 month BT offer has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Citi® Double Cash Card – 18 month BT offer

Intro BT APR
0% for 18 months on Balance Transfers
Regular Purchase APR
13.99% – 23.99% (Variable)
Annual fee
$0
Rewards Rate
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
Balance Transfer Fee
3% of each balance transfer; $5 minimum.
Credit required
good-credit
Excellent

A worthy competitor is the Capital One® Quicksilver® Cash Rewards Credit Card. With this card, you can earn 1.5% Cash Back on every purchase, every day It’s not quite as high a cashback rate as the Citi® Double Cash Card – 18 month BT offer, but you get all your cash back up front, rather than half as you pay off the charges on the card.

The bottom line

With the right credit card and careful budgeting, you can take advantage of great deals this holiday season while also avoiding taking on expensive debt. If you plan to pay off your balance in full, consider a cashback credit card to put some money back in your wallet. If you can’t pay off your balance all at once, consider applying for a card with a 0% introductory APR on purchases, and make a plan to pay off what you charge before the intro period ends.

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