This Holiday Season, these Credit Cards Are a Cut Above the Rest

It’s that time of the year again. Christmas trees on display in shop windows, discounts at your favorite store and that feeling of excitement as you hunt for gifts for family and friends.

It is also that time of the year when your credit card is put to its maximum use!

So before you start spending this holiday season, make sure that you have a card that maximizes your purchase dollars by charging the lowest interest rate possible, getting the most cash back on purchases, or by earning rewards on gifts and other purchases.

If you plan to finance a big holiday purchase or perform a balance transfer to pay off another card balance this holiday season, opening a new credit card with an APR that is even just a few percentage points lower than what your current card is charging could possibly save you hundreds of dollars.

Here is a list of the best low interest credit cards for both introductory APRs and on-going interest rates for holiday shopping.

The City Simplicity Card has a 21 month 0% APR on both new purchases and balance transfers. After the introductory period is up, the on-going interest rate climbs to anywhere between 12.99%-22.99%, based on individual credit worthiness.

The Citi Diamond Preferred Card is similar to the City Simplicity Card, but it additionally offers access to the Citi Easy Deals program through which customers can earn points on purchases and redeem them for merchandise and gift cards, and slightly lower on-going interest rates.

The Chase Slate credit card is the only card we’ve found that comes with an introductory $0 balance transfer fee (as long as you complete the balance transfer within 60 days of account opening), and no annual fees. It offers 15 months with 0% introductory APR on purchases and balance transfers. The on-going interest rate on the Chase Slate card is 12.99%, 17.99%, or 22.99%, depending on credit worthiness.

The Barclaycard® Ring MasterCard offers an extremely low on-going variable APR of 8%. However, the downside is that there is no introductory APR.

As for cards offering rewards or cash back on purchases, quite a few good ones are on the market.

The Citi Double Cash offers 1% cash back for all purchases made and 1% cash back after you pay for your purchases. It has a new Citi® PriceRewind feature that ensures cardholders receive the best deals on all purchases, making holiday shopping easier and less expensive.

The Chase Freedom card is another good option. From October 1, 2015 to December 31, 2015 it offers 5% cash back on up to $1,500 worth of purchases from certain online retailers like Amazon and Zappos. For new cardholders, there is an additional $100 bonus signup offer (after spending $500 on purchases within the first three months).

The Discover It card also offers 5% cash back at department stores and clothing stores in addition to cash back with online retailer, Amazon.com. This deal, which lasts through December 2015, comes coupled with the opportunity to enjoy 1% cash back on all other purchases. Additionally, for new cardholders, Discover It doubles the cash back earned, which effectively translates into 10% cash back on purchases that were made with the 5% cash back bonus!

The Upromise MasterCard puts rewards directly towards college tuition, and cash back opportunities range from 5% – 1% cash back.

For those contemplating a vacation this holiday season, the Capital One Venture credit card has a generous 40,000 bonus miles (or $400 in travel purchases) introductory offer once $3,000 is spent on purchases within the first 3 months. Cardholders can receive 2x miles on every purchase, uncapped, and rewards can be redeemed for miles for any flight, hotel stay, car rental, cruise, among other travel-related purchases, with no blackout dates to worry about.

So what are you waiting for? Take your pick from the cards listed above, and make this holiday season a memorable one, both for yourself and others.

If you or your business needs $50,000 to $250,000 in 0%, unsecured capital, Fund&Grow has the best deal going. Contact us today at (800) 996-0270, Monday through Friday, 9:30 to 5:30 EST, or anytime via email.