How to Get 5% Cash Back on Holiday Purchases

By Elizabeth Lang. Last updated 19 May 2017. 2 comments

This post contains references to products from our advertisers. We may receive compensation when you click on links to those products. The content is not provided by the advertiser and 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 bank, card issuer, airline or hotel chain. Please visit our Advertiser Disclosure to view our partners, and for additional details.

How much did you spend during the holiday season last year? How much will you spend this year? Think for a moment.

The reality is that the holidays cost a lot of money.

Thankfully there are 5% cash back credit cards that will ease the strain on your wallet this season. (Or at least give you a boost in your cash reserves in January when you're able to redeem the rewards.) If you spend $3,500 during the holidays on a 5% back card, you'd be entitled to $175 in cash back rewards. Even if you just spend $500, with a 5% rewards card you'll get $25 back.

Target REDcard

When I think of holiday shopping, I immediately think of Target. This is because as a kid I would save up my money and my parents would let me visit Target by myself and buy presents for everyone. Target has gifts for everyone on your list — from clothes to electronics. Get 5% off all your Target purchases with the Target REDcard; plus with groceries in many stores you'll also save 5% on food for the holidays. Cardholders can also get free shipping on their Target.com purchases along with an additional 30 days to return an item.

Click here to learn more and apply for the Target REDcard today!

Amazon Rewards Visa

The other place I go to for holiday shopping is Amazon. Prime members using the Amazon Rewards Visa credit card will get 5% cash back on their Amazon purchases, along with a nice 2% at restaurants, gas stations, and drugstores (1% on other purchases). Even if you're not a Prime member, you'll still get 3% cash back on your Amazon purchases. 

4
Average: 4 (4 votes)
Your rating: None
ShareThis
Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Guest's picture

I think people forget about the hidden costs of the holidays. I'm guilty of buying a new top when maybe I could just wear a festive colored one that I already have. Thanks for the reminder. I'm hoping to score some cash back this year.

Guest's picture
Guest

You have the current Chase Freedom categories completely wrong. They should be Amazon and select department stores.