As December is getting closer, credit card issuers are trying to make the best offers, no matter if we’re talking about store credit cards, rewards credit cards and other types, perfect for getting some gifts for your loved ones!
According to CNBC, WalletHub analyzed over 1,000 credit card offers, in order to find the best options you have, considering rewards, cash back and zero-transfer offers.
Bonuses are the most attractive for card owners
After going through all offers, they came to one conclusion: the Chase Sapphire Preferred is the perfect card for this holiday season, ranking the highest for the best bonuses.
At signing, the cared includes a 50,000-point rewards bonus, but only if you manage to spend at least $4,000 withing the first three months. Also, you don’t need to worry about the annual fee, since it doesn’t exist.
Secondly, there’s the Citi Double, a cash back card, which offers 1 percent back on purchases, as well as 1 percent back when you pay your bills. Also, there’s no annual fee.
Other top picks from the list are the Barclaycard Arrival Plus and Citi Diamond Preferred, with zero-percent introductory APR on new purchases and balance transfers, a great option for those will need a bit of extra time in order to pay for all their holiday purchases.
Rewards cards have their disadvantages!
Generally speaking, rewards cards have relatively higher interest rates, compared to other cards, but this is completely justified, as issuers need to compensate for the additional perks.
This year, the holiday shopping sales are expected to grow with about 4 percent, according to a study conducted by the National Retail Federation. Also, it’s the first years when most of the spending is expected to be made online, as buyers want to avoid crowds and queuing for too long.
As for the most desired items in the United States, people are looking forward to receiving gifts from Amazon, Visa and Wal-Mart.
