The Best Credit Cards for the Online Shopper
Most of us love getting good deals. Online shopping makes it easier than ever to find exactly what you’re looking for at a good price. You can usually save money without ever leaving the house. Technology makes it possible for you get a good deal no matter where you are, or whether you are on your desktop or using a mobile device.
You can get even more out of your online shopping if you make purchases with a credit card. With the right credit card in hand, you’ll not only save money as a savvy shopper, but get cash back on top of it. Online shoppers receive a number of benefits and opportunities to make the most of their hard-earned dollars, and credit cards can be a big part of that if you choose the right one.
How to Get the Most Out of Your Online Shopping
Your best results as an online shopper come when you can compare prices and choose the best deal. Use an online aggregator to compare prices on various options. Read reviews of products to ensure that you are getting a good deal on a quality item. When you compare prices and read reviews, you have a better chance of getting the best deal.
There are also websites designed to help you find offers, promotions, and special deals. Before you complete a purchase, take the time to visit a site like creditcardshouse.com or TechBargains.com to find coupon codes and other deals. You might be able to find an extra discount that helps you save even more on online purchases.
Finally, when you checkout, make sure that you pay with a credit card. Credit cards offer the following benefits for the online shopper:
- Rewards points: One of the best reasons to use a credit card is for the rewards points. Not only do you receive a discount when you shop online, thanks to low prices and special offers, but you can also earn rewards points and cash back for planned purchases.
- Fraud protection: While many debit cards also offer fraud protection, the reality is that the law offers better protections for credit purchases than it does for debit purchases. Your liability for fraudulent purchases is lower with a credit card (according to the law), and you have more time to report a fraudulent purchases.
- It’s not your money: When you shop with a credit card, you aren’t using your money. It doesn’t come out of your bank account. As a result, you can dispute a charge or send an unsatisfactory item back without it impacting your bank account. Even if you get the money back eventually, it’s still missing from your bank account until the issue is resolved—and that can take days or weeks—if you use a debit card.
- Purchase protection: Many credit cards come with purchase protection. You might receive a free extended warranty and/or price protection if the cost of a purchase drops right after you buy it.
As you look for the best credit card for your situation, understand your individual needs and consider the following cards:
Citi® Double Cash Card
One of the best credit cards for the online shopper is the Citi® Double Cash Card from Citi, a Credit Cards House advertiser. This credit card starts out with 0% APR on balance transfers for the first 18 months (after the intro period a variable APR of 18.49% - 28.49% (Variable) will apply, based on your creditworthiness). You receive 2% cash back on purchases: 1% cash back when you buy and you also receive another 1% cash back when you pay off the purchase.
There are no category restrictions or rewards caps, and there is no annual fee. The Double Cash card from Citi's APR is 18.49% - 28.49% (Variable).
Capital One Venture Rewards Credit Card
Use the Capital One Venture Rewards Credit Card from Capital One when you make online travel purchases, especially for international travel. There are no foreign transaction fees, and you receive great rewards that can be redeemed for travel. There is a $95 annual fee.
The variable rate ranges from 20.24% - 28.24%. There is also a one-time bonus of 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from your account opening. You will also earn double miles per dollar on each purchase. You can also earn 5X miles on hotels and rental cards that you book through Capital One Travel. And new card holders receive a metal Venture Card.
With the right approach and the right credit card you can save extra money and get great rewards for the online shopping you do regularly.
First published , last updated
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.