Best Credit Cards for Back-to-School shopping -
As summer winds down and the school year fast approaching, many families begin to make their list for purchases back to school. Whether you are an online marketer or if you prefer to go to your local store, we have the best credit cards to earn you cash back on your purchases to the school.
Why use a credit card to make purchases back to school?
Opting for the purchase back to your child's school supplies with a rewards credit card is a smart way to shop because you will earn rewards on purchases you are already intend to do. Even if you have already budgeted for your purchases back to school, you can still take advantage of these offers, as you can purchase a cash reward credit card back, and then pay the balance immediately. Although you may think that the rewards may not be important, they will not be with some cards, some cards you earn a generous bonus. Here's an example:
A recent study by the National Retail Federation found that families with children in K-12 classrooms will spend an average of $ 673.57 on clothing and accessories, electronics , shoes and school supplies this year, while college students and families with children in the university's plan to spend an average of $ 888.71 on supplies. Using these numbers, if you buy all the school supplies your K-12 students on Amazon.com with the Discover it - Cashback Match, that earns you 5% cash back on Amazon.com purchases through December 31 2016, you earn back $ 33.68. And since Discover match any cash back you earn in the first year of membership of the board, this amount double $ 67.36 back on supplies return to school . These revenues will only increase if you have a student because they require more supplies, especially if they move away from home for the first time.
Which credit cards are best for shopping back-to-school?
Now that you see the benefits of using a credit card to buy school supplies, you're probably wondering what cash back credit cards are best for those purchases. We ventilation:
Best for Amazon.com purchases: Discover it - Cashback game
If you intend to do your back to -school shopping on Amazon.com, Discover it - Cashback game is the card for you. As stated in our example above, this card earns you 5% cash back in bonus categories (including Amazon.com now through December 31, 2016) up to $ 1500 in purchases, then it is 1 %, and 1% on all other purchases. In addition, Discover will match all the cash back you have earned at the end of your first year, which means that you're essentially earning 10% cash back on purchases Amazon.com . This means that if you earn $ 400 in your first year of membership card, Discover will double to $ 800. Although you must register in rotating categories, the awards are so important that it's worth the minor inconvenience. To complete the Discover it - Cashback Match is a 12 months 0% Intro APR on purchases and balance transfers (with a 3% balance transfer fee), no annual fee and a copy of your credit score TransUnion FICO on your declaration and online [
Best for clothing purchases: Blue Cash Card from American Express preferred
There is no secret that children wear through their clothes quickly enough, which is why many parents opt to get their children new clothes for the school year. If you are one of these parents, the Blue Cash Preferred Card from American Express (NextAdvisor a seller) is probably a good option for you. This card you earn 6% cash back at supermarkets to $ 6000 / year in purchases (while it is 1%) 3% cash back at department stores - including Macy's, Kohl , JCPenney, Dillard and more - and gas stations, and 1% on all other purchases. American Express is also running a special offer that earns you 5% cash back on up to $ 4,000 in eligible travel purchases made during the first 6 months of membership card - that is up to $ 200 cash back! In addition, this card has 12 months 0% Intro APR on purchases and balance transfers (with a 3% balance transfer fee) and no categories in rotation, which means that you will still earn money back in the categories listed above. If the annual fee of $ 95 is a deal-breaker, you may want to look in the Blue Cash Everyday Card fee-less American Express, which offers 3% on food products (up to $ 6,000 / year then it is 1%) 2% cash back at department stores and petrol stations and 1% on all other purchases, and the same 5% cash back on shopping trip offer.
Best for all purchases
Chase Freedom Unlimited
The combination of a flat-rate unlimited cash back on all purchases with a pretty heavy intro bonus Chase Freedom Unlimited. With this card, you will earn a unlimited 1.5% cash back on all purchases you, which is fine if you do your shopping back to school in multiple stores or websites . And when you spend $ 500 within the first 3 months of opening the account, you will get a cash back bonus of $ 150. Add in the $ 25 bonus you will earn when you add your first authorized user and make your first purchase in the same period of 3 months, and you're looking at a potential bonus of $ 175. In addition, this card has no annual fee and includes a 15 months 0% Intro APR on purchases and balance transfers (with 5% balance transfer fee).
Barclaycard World MasterCard CashForward
Another card that offers a cash back rate unlimited on all purchases with a generous introductory bonus is the Barclaycard CashForward World MasterCard. This card earns unlimited 1.5% cash back on every purchase , making it another top option for all your purchases back to school. Then, when you spend $ 500 within the first 90 days after opening the account, you will get a $ 100 bonus cash rewards. Something unique to this card is that every time you redeem your rewards, you will earn a reward bonus of 5% Redemption money to use on your next redemption. For example, if you redeem $ 100 reward, you'll get an extra $ 5 deposited into your account rewards. To complete this card has no annual fee, 12 months 0% Intro APR on purchases and 12 month 0% Intro APR on balance transfers made within the first 45 days of opening the account (with transfer fees remaining 3%).
Citi Cash Card Double - 18 months BT offers
Although Citi Double Cash - 18 months BT offer (a NextAdvisor seller) does not offer intro a bonus as the two maps above, it does earn you a cash effective of 2% on all purchases . With one-of-a-kind cash back rewards, Citi Double Cash - 18 months BT offers earns you cash twice on every purchase - 1% cash back when you make a purchase and another 1% when pay for the purchase, which means that you are rewarded for paying your bill back to school. Although the card has no 0% Intro APR on purchases like other detailed maps in this post, Citi Double Cash - 18 months BT offers to have an 18-month 0% Intro APR on balance transfers (3% balance transfer fee) and no annual fee.
Want to know more about the detailed maps in this blog? Check our credit card reviews to see how they compare to other big names on the market.
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