Study: Credit Cards for Online Shopping 2015
Here are the best credit cards from our partners for online shopping
To attract new customers, many credit cards offer special deals specifically for online shopping - and you could easily earn cash back and rewards just for buying things you’d be buying anyway.
Why not give to yourself while you’re giving to others? All you need to do is make sure you’re armed with the right credit cards before you start filling up your shopping cart.
We’ve done the hard work by zeroing in on the new offers from our partners that will give you the best payback. Of course, this money-saving idea assumes you’ll pay off your balance when it comes due, otherwise the late fees and interest charges negate the sweet perks.
Here were the guidelines we used in our study: Taking into account nationwide averages, we measured the perks of various cards based on an average American consumer (for the purposes of this article, we’ll call him Jake). Jake spends $700 shopping online from Thanksgiving through December.
Barclaycard CashForward comes in with Jake pocketing $110.50 by the time he's done. Assuming Jake was new to using the Barclaycard CashForward card and he used only that card for all of his online shopping, he would earn:
- $100 from Barclaycard's bonus offer since he's a first-time cardmember and spent over $500 within the first 90 days of opening his account.
- $10.50 from the 1.5% cash back on the $700 Jake spent.
For travelers who plan to spend over $3,000 within the first 90 days, take a look at the Barclaycard Arrival Plus. It offers 50,000 bonus miles if you spend at least $3,000 on purchases within the first 90 days of opening your account – that's worth a $500 travel statement credit. Moreover, you earn 2x miles on all purchases. There is an $89 annual fee, which is waived for the first year.
- Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $500 travel statement credit
- Earn 2X miles on all purchases
- Redeem for travel or cash back statement credits, gift cards and merchandise. Redemption values vary
- Get 5% miles back to use toward your next redemption, every time you redeem
- Miles don't expire as long as your account is open, active and in good standing
- No foreign transaction fees on anything you buy while in another country
- 0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 16.24%, 20.24% or 23.24%, based on your creditworthiness.
- Please note, there is a fee for balance transfers.
|Intro APR for Purchases||Intro APR for Balance Transfer||Regular APR||Annual Fee|
0% for 12 months (on balance transfers made within 45 days of account opening)
16.24%, 20.24% or 23.24% Variable
$89 - Waived first year
For big spenders who plan to spend thousands of dollars, consider the Chase Sapphire Preferred. The card lets you earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®. There is an introductory annual fee of $0 the first year, then $95.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
|Intro APR for Purchases||Intro APR for Balance Transfer||Regular APR||Annual Fee|
16.24% - 23.24% Variable
Introductory Annual Fee of $0 the first year, then $95
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.
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