by Lyle Daly | Updated Sept. 16, 2021 - First published on Nov. 1, 2020
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About to get started on your holiday shopping? You could spend a lot less by using a Discover card.
Everyone wants to save money on their holiday gift shopping. Fortunately, camping out for Black Friday sales is not the only way to save a few dollars on holiday gifts. One of the simplest and most effective options is to choose the right credit cards to use for your holiday purchases.
If you'd like to keep your wallet happy through the season of giving, Discover credit cards are an excellent choice. None of them charge annual fees, so you can get one free of charge. And the Discover lineup includes several cards with perks that are perfect for holiday shopping. Here are all the ways Discover cards can help you boost your savings this holiday season.
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Buying holiday gifts online is a smart way to avoid crowded stores. If you have one of Discover's cash back cards with rotating bonus categories, you can score big rewards on those online gift purchases.
The Discover it® Cash Back and the Discover it® Student Cash Back earn 5% back on up to $1,500 in quarterly purchases across bonus categories you activate each quarter. From October through December, both cards are earning that bonus rate across Amazon.com, Target.com, and Walmart.com.
Since those are three of the largest retailers in the world, you'll be able to get a fantastic cash back rate on a huge selection of gifts. If you max out those bonus categories by spending $1,500, you'll get $75 back.
Maybe you just don't think you'll spend much online with Amazon, Target, and Walmart. In that case, the Discover it® Miles will get you a good rewards rate on purchases.
This card earns an unlimited 1.5 miles per $1, no matter where you shop. Miles are worth $0.01 each, meaning you earn 1.5% back. Don't be fooled by the term "miles," either. Although you can redeem miles for travel, you can also use them for cash back.
One of the biggest perks of Discover cash back cards is their first-year Cashback Match. This type of sign-up bonus gets more valuable the more that you use your Discover credit card. It's especially beneficial for consumers who stick to a one-card wallet.
Need extra time paying off your holiday shopping? Multiple Discover credit cards have 0% intro APR offers. Our favorites include the Discover it® Cash Back, the Discover it® Miles, and the Discover it® chrome. The go-to variable rate applies after the 0% intro APR expires.
Even with a 0% intro APR offer, it's still better if you can pay your credit card balance in full when it's due. Ideally, you should stick to a holiday budget. But if you end up springing for some costlier gifts -- and you can't quite pay them off right away -- a 0% intro APR offer could rescue you from expensive credit card interest charges.
A Discover credit card can save you money at any time of year, but the holidays are an especially good time to get one. You could earn up to 5% back -- and Discover's first-year match will increase those rewards. Rewards aren't the only valuable perk, either. A 0% intro APR can also be extremely valuable if you end up needing to finance any of that holiday spending.
Whatever you decide, don't start gift shopping without looking for the best credit card first. Your wallet will thank you.
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