Save On Your Next Tech Upgrade with These Credit Cards
We all want the newest tech. But we also want to get the best deal. Unfortunately, the newest devices and technology are rarely discounted. Even if you’re just looking to upgrade to a laptop with the latest chipset or a tablet with a better display, you will have to wait for a holiday sale or the next version to be released to see a price drop. Most techies are savvy enough to search for the best prices, but you may be missing out on steep savings if you’re not using a rewards credit card.
Credit cards can be more than just a convenient way to make a purchase. You can realize real savings in the form of cash back signup bonuses and rewards earnings. They also offer purchase protection coverage benefits that provide more than just peace of mind when you invest in a device.
Key Credit Card Benefits for Tech Purchases
Earn Rewards – Look for cards that allow you to earn cash back or points on every dollar you spend. Some cards also offer a significant cash back signup bonus after you spend a certain amount on the card.
Purchase Protection – Especially important when it comes to delicate technology purchases. Look for credit cards that offer extended warranties, damage and theft protection, and price protection (in case your purchase drops in price after you buy it).
0% APR Offers – Something to consider for big ticket items. Look for cards that offer a 0% introductory APR on purchases. This means that you won’t pay interest on your purchase during the intro period. If you stick to a payment plan, you can pay down the balance on that new laptop before the intro period ends.
It is important to use a credit card responsibly. Staying within your means and not carrying a balance you have to pay interest on will let you see the full benefit of your rewards. Before your next big purchase, consider one of these credit cards:
Flat-Rate Cash Back
While you have the potential to earn big rewards, keeping track of rotating categories and bonus categories isn’t for everyone. Flat-rate cash back cards offer significant rewards earning while simplifying the cash back process.
Chase Freedom Unlimited®
The Chase Freedom Unlimited® card offers the strong consumer protections and an impressive rewards bonus. The Chase Freedom Unlimited℠ offers 1.5% cash back on all purchases. No categories to worry about or opting in necessary, and you can redeem your cash back at any amount. The card also has a $150 signup bonus if you spend just $500 on purchases in the first 3 months of opening your account. The Freedom Unlimited℠ also offers a 0% introductory APR on purchases for 15 months (after that, a variable 19.24%-27.99% applies) and there is no annual fee with this card.
You also have strong consumer protection benefits, like purchase protection, price protection, and extended warranty protection, as well as the Shop Through Chase portal. You can see real-world-savings with this card. For example, say you have your eyes on the new Apple 13.3" MacBook Pro. The starting price of $1,399 is enough to give anyone pause, but, with the $150 signup bonus and 1.5% cash back, buying that laptop on the Chase Freedom Unlimited card could earn you around $170 in rewards.
Citi® Double Cash Card
When it comes to cash back, the Citi® Double Cash Card from Citi, a Credit Cards House advertiser, is consistently rated near the top. While the Citi® Double Cash Card doesn’t offer a signup bonus or a 0% intro APR on purchases, it does offer 2% cash back on purchases. You earn an unlimited 1% cash back when you make purchases, and an additional 1% when you pay for those purchases. If you don’t carry a balance and use this as your everyday credit card, you can earn significant rewards, all for no annual fee.
The card also comes with Citi’s strong consumer protection coverage. You get Damage & Theft Purchase Protection on purchases for 120 days from purchase, as well as extended warranty coverage that will add an extra year to the manufacturer’s warranty. The card also comes with Citi Price Rewind, which searches for price drops on your purchases. No need to keep looking for a price drop; Price Rewind searches for you. If it finds a lower price within 60 days of purchase, you may receive the difference in price.
When it comes to tech purchases, having the extra peace of mind of consumer protection coverage is no small thing. Using a credit card responsibly can lead to significant savings and rewards. Understanding your financial situation and the impact of a big tech purchase is key to maximizing your rewards.
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.