The Blog » Lifestyle » Guide for How To Save on Black Friday | Cyber Monday Credit Card Deals
Posted on 15 Nov, 2023 - Est. mins read
Black Friday and Cyber Monday are two of the most popular shopping holidays that allow you to save money and get access to great deals.
As a credit card owner, you must read this useful guide for how to save big with Black Friday and Cyber Monday Credit Card deals.
How to Save on Black Friday Credit Card Deals?
Keep Your Goal in Mind
When picking a credit card for Black Friday and Cyber Monday shopping sprees, make sure that you pick the right credit card from the ones you own.
If you are looking for higher rewards rates during Black Friday and Cyber Monday while shopping online, you should use a card that has the highest reward rates, like the American Express® Blue Cash EveryDay Card.
Shop Smartly with 0% APR
What you plan to shop also matters. For instance, if you want to make a large purchase such as a new home appliance, Chase Freedom Unlimited® with 0% introductory APR for purchases and balance transfers for the first 15 months can help you pay over time.
Get Price Protection with Expensive Purchases
Similarly, if you want to buy an expensive item like jewelry for personal use or gifting purposes, you can seek credit cards with price protection.
It lets you get a lower price for a specific timeframe if you use a specific credit card. The Capital One Platinum Credit Card is a good option to consider.
Avail Purchase Protection with Gadgets
Purchase protection allows you to get short-term insurance for everyday purchases in case products are damaged or stolen.
So, if you are after a latest gadget purchase like the latest iPhone 15, you can consider credit cards like American Express Gold Card that allow you to get some money back if your phone is stolen or lost.
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Trust Shopping Portals
Consider shopping portals like TopCashback and Rakuten to maximize your cashback. The additional cashback will help you save more with every purchase.
Here is an example of how Rakuten works. You can find a store from which you want to shop and find the categories that are eligible for cash back.
Let’s assume that you are shopping at HomeGoods or Marshall’s and there is an ongoing offer of 5% cashback on cookware.
In such a scenario, if you buy a blender which is on sale at $99.99, you will get an additional $5 cashback just because you went through Rakuten. It’s just that simple.
Other Benefits of Using a Credit Card During Black Friday and Cyber Monday
Price Protection or Matching Prices
It is strongly recommended that you use a credit card that offers price protection when seeking black Friday daily deals.
In case you don’t have one, you should strongly consider cards such as Capital One SavorOne card, a no fee card with broad coverage of items.
You may also look for a retailer that can match competitor prices during the holiday season.
Extended Warranties
When seeking the best black Friday credit card offers or Cyber Monday credit card offers, you should also focus on extended warranties that apply to all the products with a manufacturer’s warranty.
It will lengthen the time for which you can seek a repair or replacement. There are popular cards such as Chase Freedom Unlimited or Amex Blue Cash Preferred that offer extended warranties on purchases made with these cards.
Virtual Card Number
To enhance your safety online, use a virtual card number. It is an option provided by many credit card issuers that allows you to create a one-time number to use for purchases.
Return Protection
If you have a premium card, use it to get return protection. It means that a retailer will either accept your item back or reimburse you for that item.
There might be a cap on how much amount can be reimbursed.
Additional Tips to Maximize Your Savings on Black Friday and Cyber Monday
Shop Early
It is also a smart idea to shop early and not wait till the last minute to shop for black Friday 2023.
You should have a list of all you need to buy a few days before the holiday season starts so that you can buy exactly what you need.
Don't Overspend
Many people overspend when they see great black Friday credit card deals. It is not a smart idea as you might end up with something that you can’t afford and regret your choice.
So, always think with a calm mind before buying anything expensive and try not to be very impulsive.
How to Choose a Credit Card for Black Friday Shopping?
If you own multiple credit cards and want to use the right credit card for only Black Friday and Cyber Monday shopping, you need to consider these tips to ensure you pick the best option.
Look for a Decent Welcome Bonus
It is always smart to look for a decent black Friday credit card signup bonus when seeking credit cards.
If you don’t have a new credit card, you can apply for one and get a generous welcome bonus while you make purchases during holiday shopping.
If you are a cashback fan, the Capital One Quicksilver card offers a $200 cash bonus after you spend $500 on purchases within 3 months.
Save with Rewards
Always use a credit card that has decent rewards and can help you to get maximum cashback. You can then spend the cashback on something else you need.
Make sure that you read redemption policies, too, and get the opportunity to redeem the points on things you actually want or need.
Online Application is a Good Option
Whether you are seeking a credit card for Cyber Monday deals or black Friday deals, you must consider applying online, as you might get approval in less than a minute.
It might take longer in some cases where the issuer has chosen strict or numerous requirements to be met.
Seek 0% APR
Many people prefer to make big purchases like getting a new dishwasher or a refrigerator during Cyber Monday holiday card deals.
If you are one of them, we recommend that you seek credit cards with 0% APR (for a year or 15 months) such as Chase Freedom Unlimited card, as it allows you to pay down the balance slowly over a longer period.
How Do Credit Card Offers Work?
Credit card offers like gift card deals, cyber Monday, or Cyber Monday gift card deals are usually provided as statement credits or bonus rewards that you will only get if you shop at specific merchants.
You need to use a specific card when buying from the specified retailer to get the benefit.
For instance, if you want to make the most of amazon black Friday deals 2023, you will need to use the specific cards (one you have among the listed options) on Amazon during specific days to get the promised benefit.
You will receive the benefit automatically, and it will show up in your statement.
One exception is Capital One Offers, wherein you need to navigate to a merchant through Capital One’s website and then make your purchase.
Using other coupons or cashback offers is not allowed when you use any of the Capital One Offers.
When is Black Friday 2023?
This year, Black Friday is on November 24, 2023. So, make sure you read the fine print and have all the credit cards you need to make the most of every purchase.
Best Credit Cards for Black Friday and Cyber Monday 2023
Want to know which are the best credit cards for Black Friday and Cyber Monday 2023? Have a look at this compact table:
Get $200 statement credit on spending $2,000 within the first 6 months
$0
Discover it® Student Cash Back
Best Student Card for Black Friday
Fair/New to Credit
Cashback Match®
$0
Final Words
Whether you want to visit the nearest Best Buy or Walmart on Black Friday and Cyber Monday or just want to shop online from the comfort of your couch, make sure that you are using the right credit card at the right time to maximize your savings and have a more satisfactory holiday shopping experience. Good luck and happy shopping!
Uthrive carefully evaluates which cards will benefit our readers the most. You should strongly consider getting at least one of these cards and we are confident you will enjoy rewards and perks that come with them.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entities.
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