Aggressive Cash Back Credit Card Deals for the 2011 Holiday SeasonNovember 23, 2011 - 12:24 pm
With more people in search of savings and deals for the 2011 holiday shopping season, credit card issuers are offering more aggressive cash back programs and increased rewards points earnings in an effort to entice customers to use their credit card over the competition.
Shopping from specific brands including Apple and Target during Cyber Week of November 21st to November 30th will allow American Express cardholders to earn five times the normal rewards points.
Amazon Rewards Card
Buying digital downloads from Amazon.com on your Amazon rewards card between November 15th and December 31st offers additional rewards points to cardholders.
Cash back Discover card members will earn 5% to 10% additional cash back when shopping specific retailers on Discover’s ShopDiscover website during the holiday season.
Retailer-Specific Credit Cards
Customers should be prepared for credit card offers in the checkout lines when cashing out at many retailers like Gap, Macy’s and Best Buy. The holiday season is when retail credit cards are promoted – with many offering additional savings on your current purchase just for signing up for a card when you pay for your items.
The instant savings on your holiday purchase may be substantial, but keep in mind interest rates on retailer-specific credit cards are almost always about 10 percentage points higher than a traditional credit card, and will negate any rewards or cash back you earn if you don’t pay your credit card bill in full each time the statement arrives. You can also only use the card at the retailer that issued it, so unless you shop at the store frequently, it may not be useful to apply for a retailer-specific credit card, no matter how great the promotional offer is!