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Cards bank on early holiday shopping

By Janna Herron ·
Friday, September 13, 2013
Posted: 4 pm ET

Is it time to plan holiday shopping already? Some credit card companies think so, and are offering bonus rewards on purchases made at common holiday shopping destinations.

This week Chase announced that its Chase Freedom cardholders will earn 5 percent back from October through December on purchases made at online retailer Amazon and at a host of department stores, up to $1,500. Every other purchase gets 1 percent back.

Discover cardholders can earn 5 percent back between October and December on online purchases, also up to $1,500. Cardholders earn 1 percent back on all other spending.

Last year, Americans spent $42.3 billion online during the November-December holiday shopping season, an increase of 14 percent versus 2011, according to comScore.

Citi's Dividend Platinum Select Visa credit card will offer 5 percent back on purchases made at Best Buy, department stores and toy stores for the final three months of the year, according to company spokeswoman Emily Collins.

These cards all feature rotating categories that change each quarter and earn accelerated rewards (up to a limit). Cardholders must sign up for these bonus categories, typically either online or over the phone. Chase cardholders can also sign up via text and at a branch.

Are you planning to earn rewards through your holiday shopping?

Follow me on Twitter:  @JannaHerron

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