You can save money on online shopping by using a credit card. These credit cards usually have a rewards program in place to allow you to earn some cashback. You can earn cashback by making purchases in selected categories that are designated by the credit card company. The following are the 5 best credit cards for online shopping.
1. U.S. Bank Cash+ Visa Signature Card
U.S. Bank Cash+ Visa Signature Card offers 5% cashback on 2 categories every quarter. The bonus is valid for up to $2,000 in every quarter. It awards 2% cashback on the everyday category and 1% cash back on the rest of the purchases. They will give you a $150 bonus once you have spent $500 within the first 90 days. It has no annual fee. There is 12 months zero percent intro ongoing offer for the card.
2. Bank of America Cash Rewards card
Bank of America Cash Rewards card is a cashback credit card that includes online shopping as a bonus category. It offers 3% cashback on one selected category every quarter. Some of the bonus categories are online shopping, drug stores, and home improvement. It offers 2% cashback for up to $2,500 when spending money at grocery stores, and wholesale clubs.
3. Amazon Prime Rewards Visa Signature
Amazon Prime Rewards Visa Signature will offer you 5% cashback when you shop at Amazon and Whole Foods Market. It also offers 2% cashback when you shop at restaurants, gas stations, and drug stores. There is 1% cashback on the rest of the purchases. It has no limit on the amount of cashback you can earn. As soon as you are approved, you will receive a $70 Amazon gift card.
4. Costco Anywhere Visa Card by Citi
Costco Anywhere Visa Card by Citi offers 2% back on all your purchases at the online Costco store and the local Costco department store. There is a 4% cashback on gas purchases for up to $7,000 in each year. Afterward, you will earn 1% cashback on the gas purchases. There is a 3% cashback when you spend money in restaurant and travel purchases. It charges a membership fee which has to be renewed every year even though it has no annual fee.
5. Target REDcard Credit Card
Target REDcard credit card is offering a 5% discount for the majority of the items on sale in-store and online. In addition, you can enjoy free two-day shipping on selected items and 30 extra days for returns when you use the card for shopping. They will send you a 10% discount coupon on your card anniversary every year. Target REDcard credit card has no annual fee.