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Best Credit Cards for Black Friday Shopping

At Experian, one of our priorities is consumer credit and finance education. This post may contain links and references to one or more of our partners, but we provide an objective view to help you make the best decisions. For more information, see our Editorial Policy.

Black Friday might look a little different in 2020. The coronavirus pandemic has put a financial strain on millions of families, and forecasted spending growth is down. According to Deloitte, retail holiday sales will increase by 1% to 1.5% this year, a contrast from last year's 4.1% increase for the holiday period. And much of the shopping that does occur will happen online, as consumers continue to prefer buying online over heading to the mall.

Still, if you'll be shopping for loved ones (and maybe even yourself) this holiday season, Black Friday deals make it one of the best times to buy. To take advantage of those deals and get even more back, consider getting a credit card that provides a lot of value on your purchases. Here are some of our top choices.

Discover it® Cash Back

Discover it® Cash Back

Apply

on Discover's website

Recommended FICO® Score*
Good - Exceptional

Discover it® Cash Back

APR

11.99% - 22.99% Variable

Intro APR

0% on Purchases and Balance Transfers for 14 months

Rewards

5% cash back on Rotating Categories

1% cash back on All Other Purchases

Intro Bonus

Unlimited Cashback Match. Discover will automatically match all the cash back you’ve earned at the end of your first year.

Annual Fee

$0

Card Details
  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back in any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • No annual fee.
  • Discover is accepted nationwide by 99% of the places that take credit cards.

Rates and Fees

The Discover it® Cash Back card stands out with its rotating bonus categories. An added Black Friday bonus: Its end-of-year categories are usually geared to holiday shopping. From October 1 through December 31, 2020, you'll earn 5% cash back on up to $1,500 spent at Amazon.com, Walmart.com and Target.com, when you activate. You'll earn 1% on purchases after you reach the $1,500 limit.

What's more, if you're a new customer, Discover will match all the cash back you earn during your first year. So if you're planning on doing most of your Black Friday shopping online—and don't forget about Cyber Monday—the Discover it® Cash Back card is tough to beat. Keep in mind, though, that you'll earn just 1% cash back on non-bonus categories.

Finally, the card's introductory 0% APR (annual percentage rate) on purchases and balance transfers for 14 months means you'll have plenty of time to pay down your holiday spending without accruing interest. After the intro period, you'll pay a variable rate of 11.99% to 22.99%. There is no annual fee for this card.

Citi® Double Cash Card - 18 month BT offer

Citi® Double Cash Card - 18 month BT offer

Apply

on Citi Credit Cards's website

Recommended FICO® Score*
Good - Exceptional

Citi® Double Cash Card - 18 month BT offer

APR

13.99% - 23.99% (Variable)

Intro APR

0% for 18 months on Balance Transfers

Rewards

2% cash back

Annual Fee

$0

Card Details
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

Rates and Fees

If you're hoping to get a credit card that you can use on Black Friday and beyond, the Citi® Double Cash Card - 18 month BT offer from our partner is worth considering. The card offers a flat 2% cash back on every purchase—that's an unlimited 1% back when you buy and an additional 1% back when you pay off your purchases.

This card could also be helpful after the holiday season is over because of its balance transfer offer. You'll get an introductory 0% APR on balance transfers for 18 months, with an upfront 3% balance transfer fee ($5 minimum). After that, the variable rate will be 13.99% to 23.99%. If you do transfer a balance, you'll be charged interest on your purchases unless you pay your entire balance (including balance transfers) by the due date each month. And, unfortunately, the 0% APR promotion doesn't extend to new purchases. But the flat 2% cash back is among the best flat rewards rate in the business, so it's a solid card to use now and in the future. There is no annual fee.

Capital One® Quicksilver® Cash Rewards Credit Card

The Capital One® Quicksilver® Cash Rewards Credit Card could be a solid choice if you want to leverage your Black Friday spending to get a little extra cash for the rest of the holiday season.

The card offers a one-time intro bonus of 200 after you spend $500 in the first 3 months. You'll also earn 1.5% cash back on every purchase you make, and there's no minimum redemption amount, so you can use your rewards whenever you want. You can even redeem your cash back directly at checkout when shopping on Amazon.com.

The card has a 15-month intro 0% APR on purchases, giving you extra time to pay off holiday spending at no interest; after that, you'll pay a variable rate of 15.49% to 25.49% depending on your creditworthiness.

This card also offers an extended warranty for eligible items. There is no annual fee.

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

Apply

on Chase's website

Recommended FICO® Score*
Good - Exceptional

Chase Sapphire Preferred® Card

APR

15.99% - 22.99% Variable

Intro APR

N/A

Rewards

2X points on Dining & Travel

1X points on All Other Purchases

Intro Bonus

Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®

Annual Fee

$95

Card Details
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.

If you're considering a travel rewards card and want to maximize the value you'll get back from Black Friday and other upcoming spending, you can't go wrong with the Chase Sapphire Preferred® Card. It offers a whopping 80,000 bonus points after you spend $4,000 in the first 3 months—that's worth $1,000 in travel when you book through Chase Ultimate Rewards.

On an ongoing basis, the card offers 2 points per dollar on travel and dining and 1 point per dollar on everything else. Through March 2022, however, you'll also get 5 points per dollar on Lyft rides. Other perks include the ability to transfer points to airline and hotel rewards programs and a complimentary DoorDash DashPass subscription for at least one year (if you activate by December 31, 2021).

This card also offers extra protections when you use it for holiday (and other) spending. With purchase protection, you can get up to $500 back if an item you purchased was damaged or stolen within 120 days of purchase. And the extended warranty gives you an extra year of coverage on eligible U.S. products that offer warranties of three years or less. The annual fee is $95.

Credit One Bank American Express® Credit Card

Most of the best credit cards for Black Friday shopping require good or excellent credit to get approved. If your credit needs some work but you still want to take advantage of rewards, the Credit One Bank American Express® Credit Card should be on your radar.

The card offers unlimited 1% cash back on every purchase you make, plus the chance to get statement credits on some of your purchases through Amex Offers. For eligible items you buy, you'll get retail protection, which reimburses you if eligible items are accidentally damaged or stolen within 90 days of your purchase—many major credit card issuers no longer offer this perk.

The card is available for people with fair credit or better, which starts at a FICO® Score of 580. The annual fee is $39. Terms apply.

Which Card Should You Choose for Black Friday Shopping?

There's no single best credit card out there for everyone, so it's important to consider a few things before deciding which one is right for you. Start by checking your credit score to see where you stand. If you have good credit, you'll have a pretty good shot at getting approved for most, if not all, of these top Black Friday credit cards.

If your credit score is less than stellar, though, your options may be limited. Consider using Experian CreditMatch™ to get an idea of what you might qualify for based on your credit profile.

Next, think about your spending habits—not just for Black Friday, but in the future—and focus on the cards that will give you the most bang for your buck. Finally, think about other preferences you might have. For example, if your budget is tight, a card with an introductory 0% APR promotion and rewards could be a solid choice. Or if you want a big sign-up bonus, narrow down your selection based on that feature.

Whatever you do, take your time to shop around and compare several cards to make sure you find the best fit for your needs.

All information about the Credit One Bank American Express® Credit Card has been collected independently by Experian and has not been reviewed or provided by the issuer of the card.