6 Cash Back Credit Cards for Holiday Shopping

If you love buying gifts for friends, loved ones, and your postal carrier, you might already be shopping around ahead of the holiday season. But if you use cash or debit to pay for holiday gifts, you're losing out on rewards. Cash back credit cards can help you earn back money as you shop for gifts.

Here are six cash back credit cards ideal for holiday shopping.

1. Discover it Card – 18 Month Balance Transfer Offer

Rewards: 5% cash back on up to $1,500 in quarterly purchases in rotating bonus categories; 1% cash back on other purchases.
Sign-Up Bonus: Discover matches all cash back earned in the first year.
Annual Fee: $0
Annual Percentage Rate (APR): 0% APR for 18 months on balance transfers and six months on purchases, then variable 11.99% to 23.99% APR on purchases and balance transfers.
Why We Picked It: You can earn 5% cash back on gifts from select merchants.
For Your Holiday Gifts: Through December this year, Target and Amazon.com purchases earn 5% cash back, giving you big cash back rewards on a huge range of products. With Discover Deals, you get additional cash back offers and discounts from participating merchants.
Drawbacks: You have to track and activate bonus categories every quarter.

2. Blue Cash Preferred Card from American Express

Rewards: 6% cash back on up to $6,000 in yearly purchases at US supermarkets (1% cash back on purchases beyond that threshold); 3% cash back at US gas stations and select department stores; and 1% cash back on other purchases.
Sign-Up Bonus: $200 bonus statement credit if you spend $1,000 in the first three months.
Annual Fee: $95
APR: 0% APR for 12 months on purchases and balance transfers, then variable 13.99% to 24.99% APR.
Why We Picked It: This card provides many ways to earn cash back on your holiday expenses.
For Your Holiday Gifts: There are great cash back rates at supermarkets, gas stations, and eligible department stores. Savvy shoppers can earn cash back as they stock up on party supplies, buy gifts at department stores, and fill up their gas tanks on the way home.
Drawbacks: There's a $95 annual fee.

3. Chase Freedom

Rewards: 5% cash back on up to $1,500 in quarterly purchases in rotating spending categories; 1% cash back on other purchases.
Signup Bonus: $150 bonus cash back if you spend $500 in the first three months, and $25 bonus if you add your first authorized user and make your first purchase within the same three-month period.
Annual Fee: $0
APR:0% APR for 15 months on purchases and balance transfers, then variable 15.99% to 24.74% APR.
Why We Picked It: Gifts purchased at Walmart and department stores can earn a lot of cash back.
For Your Holiday Gifts: Through December, purchases at Walmart and department stores earn 5% cash back. Plus, you can earn an extra 1% to 15% cash back by shopping with participating merchants with Shop through Chase, Chase's online marketplace.
Drawbacks: This card requires you to track and activate quarterly bonus categories.

4. Citi Double Cash Card

Rewards: 1% cash back upon purchase and an additional 1% upon payment.
Signup Bonus: None
Annual Fee:$0
APR:0% APR for 18 months on balance transfers, then variable 14.49% to 24.49% APR; variable 14.49% to 24.49% APR on purchases.
Why We Picked It: You can earn double cash back on all purchases.
For Your Holiday Gifts: Purchases earn 2% cash back once they're paid off, so you can earn a great cash back rate on every gift you buy. With Citi's Bonus Cash Center, you can earn extra cash back or get discounts from hundreds of merchants.
Drawbacks: Purchases won't earn 2% cash back until they're fully paid off.

5. Capital One QuicksilverOne Cash Rewards Credit Card

Rewards: 1.5% cash back on all purchases.
Signup Bonus:None
Annual Fee:$39
APR:Variable 24.99% APR on purchases and balance transfers.
Why We Picked It: Shoppers with fair credit can earn solid cash back on every purchase.
For Your Holiday Gifts: All purchases for the holidays (and beyond) automatically earn 1.5% cash back, with no hoops to jump through. This card is available to consumers with fair credit, making it more attainable than many other cash back rewards cards.
Drawbacks: There's an annual fee and a high minimum APR.

6. Amazon Prime Rewards Visa Signature Card

Rewards: 3% cash back at Amazon.com (5% with Amazon Prime); 2% cash back at restaurants, gas stations, and drugstores; and 1% cash back on other purchases.
Signup Bonus:$70 Amazon.com gift card upon approval.
Annual Fee:$0
APR:Variable 15.24% to 23.24% APR on purchases and balance transfers.
Why We Picked It: With rewards at Amazon.com and more, online shoppers get a lot of value from this card.
For Your Holiday Gifts: The card earns rewards for all purchases, with special rates at Amazon.com, restaurants, gas stations, and drug stores. Your rewards are redeemable for future Amazon.com purchases and gift cards, which can help you cross more items off your gift list. You'll instantly get a bonus $70 Amazon.com gift card upon approval.
Drawbacks: If you don't like Amazon.com, this card isn't right for you.

How to Choose a Card for Holiday Gifts

You should choose a credit card that rewards the gifts you tend to buy. If you shop for gifts at a specific merchant type, identify the cards that specifically reward those purchases. If you tend to buy gifts at many different merchants, you might be better off with a card that has a flat cash back rate everywhere.

Cash back rewards can be redeemed for bank account deposits or statement credits, but some cards let you redeem for gift cards and merchandise. The latter option can help you add to your gift inventory, but make sure you aren't losing any value with this redemption type.

Lastly, you should check if a card issuer has a merchant network, as such networks offer additional ways to earn rewards and discounts.

What Credit Is Required for a Holiday Shopping Card?

There are cash back rewards cards available to shoppers with all types of credit scores. Before you apply for a card, you should check its credit requirements to make sure you measure up. You can check your credit report free at Credit.com.

Note: It's important to remember that interest rates, fees, and terms for credit cards, loans, and other financial products frequently change. As a result, rates, fees, and terms for credit cards, loans, and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees, and terms with credit card issuers, banks, or other financial institutions directly.