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Thanksgiving is coming, and whether you are hosting your Thanksgiving dinner, coming as a guest, or travel for Thanksgiving, your spending is going to accumulate faster than you can notice. A holiday feast is a costly matter - each year, Americans spend more and more on Thanksgiving dinner. Those who intend to travel on Thanksgiving are going to spend even more: somewhere from $500 to $2,000 or more.
However, you can turn costs into profits if you have the right rewards credit card. Grocery shopping for Thanksgiving can be a lot of fun, and you can count rewards instead of debts if you have a credit card for grocery shopping. Those who are visiting cozy small hometowns or plan to escape to white-sand beach resorts can find travel credit cards more rewarding and beneficial. Check out the cards you'll say thanks to during your Thanksgiving shopping quest below.
Best Credit Cards for Grocery Shopping
This card offers a simple way to save on your Thanksgiving shopping. Discover it® Cash Back is a typical cash back card with rotating categories, which means that each quarter you get increased rewards in certain shopping categories. Enroll in the current 5% cash back shopping category to earn additional cash back on your purchases (up to a quarterly maximum). If you do not enroll, you will earn only 1% cash back on all purchases. One more good thing about cash back is that Discover will match all the cash back you earn for the first year of using the card (provided you are a new cardmember). For example, if you earn $150 cash back, you'll get $300 cash back.
This credit card with flexible 5% cash back in the top eligible spend category can be a great option for those who tend to maximize their spending in one category and do not like to bother themselves with activation. While the maximum 5% cash back is limited to $500 spent in the top category, it resets every billing cycle. So, that's basically up to $25 in cash back each month plus 1% cash back you earn when you reach the limit and 1% cash back in all other categories. The card has no annual fee and 0% intro APR for 15 months (19.24% - 29.24% (Variable) APR after that). All this will allow you to maximize your first-year earnings and potentially earn the card's welcome bonus offer.
Best Credit Cards for Travel
If you think winter is the perfect time for traveling, raise your hands. Ok, we think so too. Grocery shopping can bring you a lot of miles that you can spend on travel, if you apply for the Discover it® Miles. Discover it Miles gives you 1.5x miles on every dollar of every purchase and matches all earned miles at the end of the first year if you are a new cardmember. Thus, if you earn 35,000 miles, you'll get 70,000 miles. So, basically, you get 3 miles per dollar on all your holiday shopping during the first year of the cardmembership. Add here no annual fee and promotional rates, and you can easily maximize your earnings the first year.
This is a good option for those who celebrate Thanksgiving together with their family and therefore need to travel from far to gather together. The Citi Premier® Card earns 3x points at gas stations, hotels and air travel. Plus, you will also earn 3x points at restaurants and supermarkets, while all other purchases will earn 1 point per $1 spent. In addition to ongoing rewards, new cardmembers can qualify for the welcome bonus offer of 60,000 bonus ThankYou® Points. You will need to spend $4,000 in purchases within the first 3 months of account opening to qualify. While the Citi Premier Card has an annual fee, it can be easily offset with rewards and benefits like Annual Hotel Savings benefit.
Get extra savings this Thanksgiving with the most rewarding credit cards
Thanksgiving is the time to spend with your family and friends. However big company you'll gather around the festive table or set off for Thanksgiving travel, costs shouldn't spoil the fun. Fortunately, now you know the way to save this Thanksgiving: pay with rewards credit cards and enjoy turkey and pumpkin pie without any worries about the cost.