While Black Friday and Cyber Monday promotions tend to capture the spotlight during the holiday shopping season, consumers looking for excellent deals might find that cash back credit cards offer as good, if not better promotions than so-called "door-busters".
This holiday season a number of major credit card companies are offering consumers substantial cash back sign-up bonuses of up to $200 that can go a long way in reducing holiday credit card bills. Other credit card deals provide slightly lower sign-up bonuses, but 0% interest rates that can prevent the cost of holiday gifts from escalating for those who need a little extra time to pay off expenses.
Here are noteworthy deals worth considering:
1.) Citi Dividend Card with $100 Cash Back : While not the largest cash back deal available this season, the Citi Dividend $100 cash back offer is an ideal card for consumers who will be paying off holiday purchases over time as well as for those who currently have high rate balances on their credit cards. The Dividend card offers a 0% interest rate for 15 months on new purchases and balance transfers . This intro period can be used to pay down existing balances as well as to prevent new purchases from racking up interest. Plus, consumers who spend $500 within three months get a $100 cash back reward on top of the 1% to 5% that can be earned year round.
2.) Chase Freedom Rewards Card : Chase offers multiple versions of the Chase Freedom card. The Chase Freedom $200 cash back offer is similar to the Dividend offer in that it provides a $200 cash back bonus after $500 is spent within three months. However, this particular offer does not provide a 0% interest rate. A second version of the card offers $100 cash back and a 0% interest rate that lasts for 6 months on purchases and 12 months on balance transfers. This isn't nearly as generous as the Dividend offer, but is okay for consumers who just need a few months to repay holiday bills.
3.) Discover More $150 Cash Back Bonus : Discover is offering a $150 cash back bonus to new customers. However, unlike Chase and Citi offers, this particular card requires $1,000 of spending over three months in order to obtain the cash back bonus. This higher spending requirement works out to slightly more than $300 per month which is likely attainable for most consumers. Additionally, the Discover $150 offer also provides a brief 6 month 0% introductory period that applies to purchases and balance transfers.
4.) Citi Diamond $200 : The limited time Citi Diamond $200 rewards offer differs from other holiday credit card deals in that this card isn't a cash back rewards card. Thus, although a $200 bonus can be obtained, future purchases do not earn rewards. However, like the Citi Dividend $100 offer, the Diamond card offers an exceptionally long 0% interest rate period that applies to both purchases and balance transfers which lasts 18 months. This feature is ideal for consumers who desire a nice sign up bonus, but can benefit more over the long term from 0% rates than they can from earning rewards.
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