This Rewards Card Gives You 5 Percent Back on All Your Holiday Shopping

This Rewards Card Gives You 5 Percent Back on All Your Holiday Shopping

November 15, 2017

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If you’re gearing up for the holiday shopping season and looking for new ways to save, it always helps to think outside the box. Of course you’ll scoop up bargains on Black Friday and Cyber Monday, but your deal-seeking doesn’t have to end there. With the right rewards credit card (or credit cards), you could get 5 percent cash back – or a 5 percent discount on most of your holiday gift-giving this year. Believe it or not, you could also earn an additional $150 in free cash for Christmas gifts.

Here’s how it works: Sign up for the Chase Freedom® to take advantage of the card’s smart introductory offer. For a limited time, you’ll earn $150 in cash back after you use your card for $500 in purchases within three months of account opening.

Here are some other card details to be aware of:

  • Earn 5 percent cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Earn an unlimited 1 percent cash-back on everything else
  • Get 0 percent APR for 15 months on purchases and balance transfers. Balance transfer fee is equal to 5 percent of balance with a minimum of $5
  • No minimum to redeem for cash back
  • Rewards never expire
  • No annual fee

How to Earn Cash Back on Holiday Spending

The path to earning 5 percent back on your holiday spending is simple this year, mostly due to the card’s quarterly bonus categories. From October through December 31, 2017, the Chase Freedom® is offering 5 percent back on your first $1,500 spent at Walmart, Walmart.com, and select department stores.

While not all department stores are accepted for this promotion, a ton of popular options are. Not only can you get 5 percent back at Walmart, but you can save at these stores, too:

  • JCPenney®

  • Kohl's®

  • Macy's®

  • Nordstrom and Nordstrom Rack

  • Sears®

  • Barney’s

  • Baskins®

  • Bealls

  • Beiter’s

  • Belk

  • Bergdorf Goodman

  • The Big Store

  • Bloomingdale's

  • Bon-Ton®, including

  • Bergner's®

  • Boston Store®

  • Carson's®

  • Elder-Beerman®

  • Herbergers®

  • PARISIAN

  • Younkers®

  • Boscov's

  • Burke's®

  • Cayman's®

  • Cee & Cee Department Store

  • Cook Brothers

  • Dillard's

  • Flemington Department Store

  • Getz's®

  • Gumps

  • Jeffery

  • Joe Brand

  • Loehmann’s

  • Lord & Taylor

  • Magic Mart

  • Neiman Marcus and NM Last Call

  • RH Renny

  • Saks Fifth Ave and Off 5th

  • Shopko

  • Von Maur®

  • Weaver’s Store

Strategize your holiday shopping around Walmart and this selection of stores and you’ll be on your way to 5 percent back in no time.

Once you’ve racked up a reasonable amount of rewards, you can redeem in more than one way. For example, you can cash in your points for a statement credit that covers your purchases at a rate of one cent per point (10,000 points = $100), or you can redeem your points for high value gift cards at the same rate.

You can also redeem Chase points for travel and for purchases made through Amazon.com.

Keep in mind, however, that you have to “activate” your card to get the rewards flowing and earn the 5 percent back. You only have to activate once per quarter, however, and you can do it easily online on this page.

Other Benefits to Boost Your Holiday Shopping Experience

While rewards are the most obvious benefit the Chase Freedom® offers, there are plenty of other perks to be aware of. Most importantly, the card offers a wide range of consumer protections that can help you save money and, more importantly, avoid taking a loss this holiday season.

Some of the benefits include:

  • Purchase Protection: Use your card for a purchase and this protection covers that purchase for 120 days against damage or theft up to $500 per claim and $50,000 per account.

  • Extended Warranty Protection: Buying appliances or electronics with a warranty? Use your card for the purchase and you’ll get a free extended warranty that extends the time period of the U.S. manufacturer’s warranty by an additional year (on eligible warranties of three years or less).

  • Zero Liability Protection: If someone gets your credit card numbers or steals your card, you won’t be on the hook for covering fraudulent purchases. Most of the time, Chase will just cancel your card and send you a new one.

Other notable benefits this card offers in the travel space include auto rental collision damage waiver, roadside dispatch, trip cancellation/interruption insurance, lost luggage reimbursement, and travel accident insurance. While these benefits don’t apply to holiday shopping, they can absolutely help make holiday travel safer and more affordable.

Another Holiday Offer to Consider: Discover it®

If the Chase Freedom® isn’t your thing or you want a way to earn even more rewards this holiday season, you can always consider signing up for the Discover it® card. This card works similarly to the Chase Freedom® in the fact it doesn’t charge an annual fee but still offers 5 percent in back in rotating categories.

For the last quarter of the year (October – December), the Discover it® is doling out 5 percent cash back on Amazon.com and at Target stores. These options align nicely with the holiday shopping season, obviously.

The best part is, Discover has even promised to double the amount of cash back you earn the first year, bringing your total rewards in bonus categories to an astounding 10 percent back. Of course, it’s important to note that, like the Chase Freedom® offer, you’ll only earn extra points on the first $1,500 you spend in bonus categories every quarter.

The Bottom Line

Before you dive into the holiday shopping season, make sure you have the right rewards and travel credit cards in your wallet. Instead of paying with cash or debit, you can use credit cards to rack up meaningful amounts of cash back. As long as you pay your bill in full and use your credit card like cash, this is the closest thing to “free money” you’ll ever mind.

Also remember that you can “stack” rewards with other offers, such as super discounts and loss leaders at stores like Walmart on Black Friday. While getting a good deal is something to celebrate, the real spoils of the holiday shopping season go to those who think long and hard about their plans and strategize as much as they can.




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