Most links in our content provide compensation to Slickdeals. Applying for and maintaining consumer credit accounts is an important financial decision, with lasting consequences, and requires thought, planning and comparison shopping for the offer that best suits your personal situation. That's why we offer useful tools to evaluate these offers to meet your personal objectives. Be sure to verify all terms and conditions of any credit card before applying.

How to Maximize Black Friday Shopping with a New Credit Card

Advertiser Disclosure: Most products in our articles are from partners who may provide us with compensation. However, opinions expressed here are author's alone, not those of any bank, credit card issuer, airline or hotel chain. This page may include information about American Express products currently unavailable on Slickdeals. American Express is not a partner of Slickdeals.

Applying for a credit card is probably not at the top of your to-do list when you think about preparing for holiday shopping, but maybe it should be. 

Even though the state of the economy impacts consumer spending, shoppers during the 2022 holiday season are expected to topple retail sales numbers from November and December of last year by 6% to 8%, according to The National Retail Federation

Here are a few reasons why applying for a new credit card right now might be a smart move in your preparations for the upcoming holiday shopping season.

Earn a Welcome Bonus

The fastest way to amass a large amount of cash back or travel rewards is by signing up for a new credit card and earning the welcome bonus. In many instances, a card’s welcome bonus offer can be worth hundreds or even thousands of dollars in valuable rewards.

There may not be a more convenient time to earn a substantial welcome bonus than during your holiday shopping. For instance, this is one of the best offers right now:

Offer Details

Secure application on issuer’s website.

Annual Fee: $95
Bonus: 80,000 ThankYou Points
APR: Variable APR Between 19.74% – 27.74%
Rewards Rate: 1X-3X ThankYou Points
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $95

APR: This card features a 19.74% – 27.74% variable APR based on creditworthiness.

Rewards Rate: The card offers 3x ThankYou Points per $1 spent at supermarkets, gas stations, restaurants, air travel and hotels. Beyond that, the card awards 1x ThankYou Points per dollar spent on all other eligible purchases.

Sign-Up Bonus: New account holders can earn 80,000 bonus ThankYou Points after making $4,000 worth of purchases during the first three months of account opening.

Who Should Use This Credit Card? People who want to maximize rewards in multiple spending categories and welcome transferring points to airline partners.

Why We Like It

Why We Like the Citi Premier® Card

The Citi Premier Card, from our partner Citi, is worth considering if you’re looking for accelerated travel rewards, but don’t want to pay a huge annual fee. It earns 3X points per dollar on air travel, hotels and spending at gas stations. You’ll also earn 3X points per dollar at supermarkets and restaurants and 1X point on everything else.

It’s easy to quickly rack up lots of points on this card. While you can redeem ThankYou points for gift cards, you’ll get more value when you redeem points for flights and hotels, and potentially even better value when you transfer points to travel partners.

Citi has dramatically improved the ThankYou Rewards program in recent years as well as the cards that earn those points, especially the Citi Premier Card. To compete with American Express Membership Rewards and Chase Ultimate Rewards, Citi has onboarded new airline partners like Avianca LifeMiles and JetBlue TrueBlue.

Meet Minimum Spending Requirements Easier

Many of today’s generous credit card offers require a certain spend threshold to unlock a generous welcome bonus. Worried you won’t be able to buy enough gifts to meet the spending requirement? Black Friday and holiday shopping may be the best time to plan your spending by putting most of your everyday purchases on the new card you want to get a welcome bonus on. 

You can easily meet the minimum spend requirement and get the welcome bonus if you switch your spending to everyday things like groceries, gas, and eating out. So put away your other credit cards, and redirect all spending to your new card.

Related: Best Credit Card Offers Now

Ongoing Rewards Earning

While many consumers choosing a new credit card are drawn in by a tempting welcome bonus, the ongoing earning rates are just as important, if not more so, than the initial one-time bonus. That’s because, with time, you can accumulate a considerable amount of cash back, points, or miles on certain bonus categories with the right card. 

One of the most rewarding no-annual-fee credit cards on the market is the Chase Freedom Flex. It delivers an earning rate of 5% cash back on rotating bonus categories every quarter, which means consumers can rack up a healthy dose of cashback. 

For example, in Q4, the Chase Freedom rotating bonus categories are Walmart and PayPal. Cardholders can earn 5% back at these merchants on the first $1,500 spent in combined purchases (then 1%) between October 1 and December 31, 2022 (activation is required each quarter to earn 5% back).

Because of how popular these bonus categories and stores are, like Walmart, PayPal, Amazon.com, digital wallets, and more, customers can earn valuable rewards all year, not just during the holidays.

Offer Details

Secure application on issuer’s website.

Annual Fee: $0
Bonus: $200
APR: Variable APR After Intro 0% APR Period
Rewards Rate: 1%-5% Cash Back
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $0

Intro APR: New cardholders can enjoy an introductory 0% APR on both purchases and balance transfers for the first 15 months. After the introductory period, a variable rate will apply. Balance transfers made within the first 60 days of account membership will be charged a balance transfer fee of either $5 or 3% of the amount of each transfer. After 60 days, that balance transfer fees increases to either $5 or 5% of the amount of each transfer, whichever is greater.

APR: Variable APR depending on credit worthiness. See terms for details.

Rewards Rate: Earn 5% cash back on up to $1,500 spent each quarter in rotating categories (when you activate), 5% back on travel booked through Chase Ultimate Rewards, 3% back on dining, including takeout and delivery, 3% back at drugstores and 1% back on everything else.

Sign-Up Bonus: Receive a $200 bonus after you spend $500 in the first three months.

Who Should Use This Credit Card? People who want to maximize cash-back rewards with the option to get more value with travel redemptions.

Why We Like It

Why We Like the Chase Freedom Flex℠ Card

We love that the Chase Freedom Flex card expands on an already lucrative offering from Chase. The original Chase Freedom card was already a solid choice for cash-back enthusiasts, and this one raises the bar.

The Freedom Flex also gives cardholders access to Chase Ultimate Rewards, which is arguably the most versatile credit card rewards platform available. You’ll get plenty of redemption options at good rates. Plus, if you have one of the program’s travel credit cards, you can transfer points from your Chase Freedom Flex to your travel card account and get even more value and flexibility with how you redeem.

Best Cards for Shopping During the Holidays

Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is another great card that can help offset holiday purchases by providing valuable rewards. This card offers a straightforward 2x miles per dollar spent, which is great for people who don’t want to stress about remembering bonus categories and different earning rates.

You can redeem miles to cover the cost of any travel purchase made with your Venture card within 90 days or transfer your miles to your choice of more than 15 travel loyalty programs. You can also redeem miles for gift cards with popular merchants or turn those miles you’ve earned into cash back, but you’re better off using them toward travel purchases for a higher value.

Offer Details

Secure application on issuer’s website.

Annual Fee: $95
Bonus: 75,000 Miles
APR: Variable APR Between 18.99% – 26.99% 
Rewards Rate: 2X-5X Miles
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $95

APR: Variable APR between 18.99% – 26.99% applies based on creditworthiness.

Rewards Rate: The card offers a flat 2X miles on every purchase you make, giving cardholders predictability and simplicity. You’ll also earn 5X miles on all hotel and rental car purchases that you make with the card through Capital One’s proprietary travel booking platform.

Sign-Up Bonus: You can earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening.

Who Should Use This Credit Card? Travel rewards enthusiasts who want simplicity in credit card rewards and benefits.

Why We Like It

Why We Like the Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card offers a lot of value to beginner and expert travelers alike. The card’s big upfront bonus and high ongoing rewards rate aren’t easy to beat, making it a solid option for a large audience. Where it really shines, though, is with the redemption process. When it comes to travel credit cards, it can be really challenging to find a way to use your rewards in the way you want.

With hotel and airline credit cards, for instance, you’re basically stuck redeeming your points or miles with the co-branded hotel or airline partner. And with some general rewards programs, you might get less value if you use your points or miles to book a flight versus a rental car or hotel.

With the Capital One Venture Rewards Credit Card, though, you’ll get a lot of flexibility. Here are some of the top redemption options that are available: redeem miles to cover past travel expenses, book travel through Capital One or transfer miles to any of Capital One’s multiple airline and hotel loyalty programs.

Citi Simplicity® Card

If you need extra time to pay off your Christmas shopping binge, it may be wise to consider opening a 0% APR credit card.

A 0% intro APR credit card lets you purchase things without paying interest for a certain amount of time (usually 6 to 21 months). This allows users to avoid paying sky-high interest rates on debt without giving up credit card privileges. During the holidays, when most household spending goes up, a card with a 0% APR on purchases like the Citi Simplicity may help spread out your debt and salvage your credit score.

Offer Details
Citi Simplicity card art

Secure application on issuer’s website.

Annual Fee: $0
Bonus: None
APR: Variable APR Between 17.74% – 28.49% After Intro 0% APR Period
Rewards Rate: None
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $0

Intro APR: Receive 0% APR for 12 months on purchases from date of account opening and 21 months on balance transfers from the date of first transfer. Note that balance transfers must be made within the first four months of account opening to be eligible for the no-interest offer. After the no-interest offer expires, a variable APR between 17.74% – 28.49% based on your creditworthiness, will be applied to all balances. There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.

APR: After the intro 0% APR offer concludes, a 17.74% – 28.49% variable APR will apply.

Rewards Rate: None

Sign-Up Bonus: None

Who Should Use This Credit Card? People who want to take advantage of long-term 0% APR for either balance transfers or new purchases.

Why We Like It

Why We Like the Citi Simplicity® Card

The Citi Simplicity Card, from our partner Citi, is relatively straightforward in its offering, but don’t let that fool you — the value you could gain from getting it could be worth hundreds or even thousands of dollars.

The card’s primary feature is its introductory 0% APR promotion for 21 months on balance transfers, giving you nearly two years to pay down a big credit card balance transferred to this credit card. In other words, you can use the Citi Simplicity to pay off some or all of a balance on another credit card, then pay it off interest-free for 21 months.

Bottom Line

Since you will likely spend more money during the holiday season than usual, applying for a new credit card before holiday shopping may be a savvy idea. You might also be able to use your holiday spending to get a big welcome bonus, ongoing rewards, statement credits, and other card perks. Just make sure to pay off your holiday shopping bill in full by the due date so you don’t get charged interest and lose your rewards.

While we work hard on our research, we do not always provide a complete listing of all available offers from credit-card companies and banks. And because offers can change, we cannot guarantee that our information will always be up to date, so we encourage you to verify all the terms and conditions of any financial product before you apply.

Juan Ruiz
Juan Ruiz
Juan has been writing and editing stories involving credit cards, loyalty programs, travel, and personal finance topics for more than 10 years. In addition to working and contributing to a number of outlets including The Points Guy, Forbes, and Business Insider, Juan was recently the editor-in-chief at Money Under 30, where he led a team of personal finance journalists. He is also an adjunct professor at Florida International University and a licensed real estate professional.

Take this 1-minute survey to help improve your site experience

Related Links

Related Posts