Best Credit Cards for Black Friday and Cyber Monday
Countless stores on the high streets and online are preparing for the biggest shopping events—Black Friday and Cyber Monday. This November, thousands of shoppers will be making bulk purchases and going home with many discounted products.
While there are typically no rewards for cash payments except discounts, credit card users can expect many perks, which range from welcome bonuses to a 0% interest rate. Therefore, now is the time to get a credit card that offers the most rewards on your purchases. You do not want to miss out on this busy shopping season.
In this article, we will show you the best credit cards you can use for Black Friday and Cyber Monday shopping. Read on to learn how to choose the right one for you. Also, see the various perks that they have to offer.
Choosing the Right Credit Card for Black Friday and Cyber Monday
Before choosing a credit card for Black Friday and Cyber Monday, first, ensure that you are familiar with how to avoid common mistakes when using credit cards. Secondly, you need to clearly define what is most important to you when using a credit card: rewards, low interest, or low fees. Thirdly, follow our holiday shopping tips below, which will help you save money and enable you to get the most value from using a credit card for Black Friday and Cyber Monday.
Get a credit card that offers several rewards
Not every credit card offers rewards. Hence, while preparing for a big shopping season, you need to get one or more reward credit cards. They typically come with cashback, loyalty points, and travel miles. You need these rewards to help you save money.
Consider using virtual credit cards
You can use a virtual credit card for your online shopping on Black Friday and Cyber Monday. It works much like a physical credit card, except that it provides easy and fast access to your credit without having to carry a card.
For more information, check out the top 10 virtual cards for residents of the European Union and those for PayPal verification on our website.
Look out for promotional discounts
Even though you have a credit card that offers you some rewards and a convenient shopping experience, it is also good to watch out for drops in the prices of products. Try to find out which seller is offering a discount for Black Friday and Cyber Monday. Then take note of the items that are being discounted. Popular examples are electronics, articles of clothing, and kitchen utensils. You might find other products; the most important thing is not to miss the opportunity.
What Are the Best Credit Cards for Black Friday and Cyber Monday?
Make your Black Friday and Cyber Monday shopping better and more financially convenient by using the best credit cards for all your purchases and general spending. Below are our top-ranked credit cards that can help you get rewards, earn bonuses, maximise your savings, and enjoy other perks this season. They are listed in no particular order.
1. Best credit card for Walmart
Capital One Walmart Rewards
Capital One offers a variety of credit cards for different purchases and rewards. If you love shopping at Walmart, you can use the Capital One Walmart Rewards Credit Card to pay for all your purchases during Black Friday and Cyber Monday.
Rewards: This card offers 5% cashback for purchases at Walmart.com, which includes pickup and delivery; 2% cashback in Walmart physical stores, restaurant payments, and travel expenses; and 1 % cashback for shopping and card payments everywhere else that accepts Mastercard.
Welcome bonus: 5% cashback when the card is used with Walmart Pay in Walmart stores for the first 12 months.
Annual fee: None.
Intro APR: None.
Regular APR: 17.99% or 27.74% variable APR, according to your creditworthiness and the Prime Rate in the market.
Balance transfer fee: 3% of the amount transferred at the promotional APR; 0% for any amount transferred at the regular transfer APR.
Foreign transaction fee: None
Credit level needed: Fair.
2. Best credit card for Amazon
Amazon Rewards
If you are a regular user of the world’s largest online retail store, Amazon, you are probably familiar with the Amazon Rewards Visa Signature Card. If not, then we would like you to know that it is a credit card issued by Amazon to its shoppers who do not have Prime membership. It comes with Visa Signature benefits like zero fraud liability, travel and emergency assistance, and extended warranty protection. You can use this card for Black Friday and Cyber Monday shopping.
Rewards: The user gets 3% cashback at Whole Foods Market and Amazon.com; 2% cashback at drugstores, gas stations, and restaurants; and 1% cashback on every other purchase.
Welcome bonus: Upon approval, the holder gets an instant $60 Amazon Gift Card.
Annual fee: None
Intro APR: 0% promo APR for 6-18 months on not less than $50 purchases.
Regular APR: 17.24% to 25.24% variable APR.
Balance transfer fee: 5% of each transfer or $5.
Foreign transaction fee: None
Credit level needed: Good or excellent.
3. Best credit card with the highest welcome bonus
Capital One Spark Cash Plus
Capital One Spark Cash Plus is the best choice for anyone who wants to have a high welcome bonus. It offers $1,000 to the cardholder for the first 6 months.
That card also will be a great option for members of wholesale business clubs. It can be used during Black Friday and Cyber Monday for all purchases. It is a business card with many perks, which include support for cash flow preparation tools and cloud-based accounting software like Quickbooks and Xero. We also consider it the best for anyone who wants a high welcome bonus because it offers $1,000 to the cardholder for the first 6 months.
Rewards: Users get 2% cashback with no spending limit.
Welcome bonus: $1,000 early-spend bonus in the first 6 months.
Annual fee: $150.
Intro APR: None.
Regular APR: No APR, full balance is due monthly, but the late fee is 2.99% per month.
Balance transfer fee: None
Foreign transaction fee: None
Credit level needed: Excellent.
4. Best credit card for department stores
U.S. Bank Cash+
Department stores offer a wide selection of merchandise, which includes furniture and appliances, toys, drugs, lawn and garden supplies, automotive parts, sporting goods, apparel, and many other miscellaneous items. If you are interested in buying a variety of goods during Black Friday and Cyber Monday, you will need to use a credit card like the U.S. Bank Cash+ Visa Signature Card. It offers rewards for shopping at department stores.
Rewards: It offers 5% cashback on a user’s first $2,000 in eligible combined purchases.
Welcome bonus: $200 in the first 120 days after account opening and spending $1,000 on eligible purchases.
Annual fee: None
Intro APR: 0% on purchases within the first 15 billing cycles.
Regular APR: 18.24% to 28.24% variable APR.
Balance transfer fee: 3% of the transfer amount; minimum of $5.
Foreign transaction fee: 2% of each transaction in USD, or 3% of every transaction in any other currency.
Credit level needed: Good or Excellent
5. Best credit card for general shopping, spending, and entertainment
Capital One SavorOne Rewards Credit Card
The SavorOne Rewards credit card from Capital One is the best card for general shopping and any kind of spending. It is suitable for payments with respect to travel, entertainment, meals, hotels, groceries, streaming services, rentals, and general merchandise. You can imagine how much you can earn from using this card for Black Friday and Cyber Monday shopping.
Rewards: It offers unlimited 3% cashback on payments for popular streaming services, dining, entertainment, and groceries; and 1% cashback on other purchases.
Welcome bonus: One-time $200 cash bonus upon spending $500 on purchases in the first three months after opening the account.
Annual fee: None
Intro APR: 0% for 15 months.
Regular APR: 17.99% to 27.99% variable.
Balance transfer fee: 3% within the first 15 months.
Foreign transaction fee: None
Credit level needed: Excellent
6. Best credit card for crypto rewards on purchases
Nexo Card
Black Friday and Cyber Monday shopping are not only for those who have accounts with traditional banks or neobanks and spend fiat money. Crypto enthusiasts, traders, and investors can benefit from the big shopping season by using the right credit card. In this regard, our top pick is the Nexo Crypto Card. This credit card allows you to make everyday purchases from your crypto credit line while keeping your portfolio intact. You can use it to spend up to 90% of the fiat money value of your cryptocurrency without having to sell it.
Rewards: For all your purchases, it offers up to 2% back in NEXO crypto rewards or up to 0.5% in Bitcoin (BTC).
Welcome bonus: None
Annual fee: None
Intro APR: None
Regular APR: 0% to 13.9% variable APR.
Balance transfer fee: None
Foreign transaction fee: None for a range of monthly transaction limits that depend on your Loyalty tier: Basic (up to €3,000), Silver (up to €5,000), Gold (up to €10,000), and Platinum (up to €20,000). A fee of 0.5% applies when you exceed your limit.
Credit level needed: None.
7. Best credit card for rotating bonus
Chase Freedom Flex
If you like to use credit cards with rotating bonuses that need to be activated periodically, we have a reliable option for you. It is the Chase Freedom Flex card. In this time of high inflation, when everyone is looking for ways to reduce costs and save money, the last thing on your mind is to spend without rewards on Black Friday and Cyber Monday. That is why you may want to use this no-annual-fee rewards credit card for rotating bonuses as you spend on groceries, gas, and home improvement.
Rewards: It offers up to 5% cashback on travel purchases and 5% cashback up to $1,500 in quarterly rotating categories of expenditure. Users can also get 1% cashback on every other purchase.
Welcome bonus: $200 in three months after spending $500 on purchases upon activation of the card.
Annual fee: None
Intro APR: 0% on purchases and balance transfers for 15 months after account registration.
Regular APR: 17.99% to 26.74% variable APR.
Balance transfer fee: $5 or 3% of the transfer amount.
Foreign transaction fee: 3% of every international transaction.
Credit level needed: Good or excellent.
8. Best credit card for buy now, pay later shopping with 0% APR
Klarna Visa Card
It is not always possible for everyone to pay in full while shopping. That is why some people need secure and reliable buy-now-pay-later (BNPL) apps that will allow them to spread their payment over a few days or weeks. Hence, our best pick for a BNPL credit card for Black Friday and Cyber Monday is the Klarna Visa Card. It offers interest-free payments in four days (pay-in-4) and 30 days, and a financial plan that lets you pay for large purchases in 6-to-35 months.
Rewards: The user gets 1 point for spending $1. Points can be used to get gift cards, vouchers, and other kinds of rewards at participating e-commerce brands.
Welcome bonus: None
Annual fee: Monthly fee of $4.99 for interest-free purchases.
Intro APR: None
Regular APR: 0% fixed.
Balance transfer fee: None
Foreign transaction fee: None
Credit level needed: Good or excellent.
9. Best for fair credit level
Capital One QuicksilverOne Credit Card
If you have a fair credit score, do not think that there is no option for you this season while you hope to improve your creditworthiness. The QuicksilverOne credit card from Capital One can allow you to make rewarding purchases every day and during Black Friday and Cyber Monday. It offers unlimited 1.5% cashback and access to other valuable perks.
Rewards: 1.5% cashback on all purchases.
Welcome bonus: None
Annual fee: $39
Intro APR: None
Regular APR: 28.49% variable
Balance transfer fee: None
Foreign transaction fee: None
Credit level needed: Fair
Our Methodology
While selecting the above-mentioned best credit cards for Black Friday and Cyber Monday, we analysed dozens of options for customers who spend fiat money and those who would like to pay in cryptocurrencies. We compared several highly rated payment cards, considering their features and suitability for rewards when used at popular department stores and business clubs. Our team also looked at which credit cards work best for general shopping, crypto payments, BNPL, rotating bonuses, 0% APR, bonus gift cards, travel expenses and risks, as well as meals and entertainment. Lastly, we used the following common characteristics to make a fair comparison and accurate selection: rewards, welcome bonus, annual fee, introductory APR, regular APR, balance transaction fee, and required level of creditworthiness.
FAQ
If you intend to have more than one credit card, try to obtain different ones for different purposes. The four best credit cards to have are Capital One Walmart Rewards (for Walmart shopping), Capital One SavorOne Rewards (for general shopping), Nexo Card (for crypto rewards on purchases), and Klarna Visa Card (for 0% APR and instalment payments).
You should have as many credit cards as you need. Ideally, two to four is enough. But ensure that your goal is to build or maintain a good credit score. Also, avoid common mistakes with opening credit cards.
You can get the most out of Black Friday by making all your shopping payments with a credit card that offers cashback and other benefits. We have shown you the best ones in this article.
Yes, you can save money on Black Friday by buying only discounted items that you need. But ensure that you are buying good quality products and not just picking items because they are cheap. Besides, you still would have bought those goods without the discount on any day, therefore, getting them at cheaper rates during Black Friday is a wise and profitable decision.
The best time to shop on Black Friday is during the period of low traffic, which is usually early in the morning, say, between 6 AM and 9 AM, if the shops in your location open that early. For most stores, traffic peaks on Black Friday between 2 PM and 4 PM.
Yes, Black Friday is both an online and in-store shopping event.
Conclusion
There is no doubt that the credit cards we have discussed in this article are the best choices for any holiday shopping, including Black Friday and Cyber Monday. The cards offer a lot of rewards and attractive rates that make them excellent for small and large purchases.
Emphatically, Capital One account holders have the most options for highly rewarding credit cards in the market. The online banking giant offers a rich variety of credit cards to choose from. You can find those for general and specific shopping purposes. We hope that you will be able to make a choice from all the cards we have discussed in this article. Try to get a lot of rewards this shopping season.
