Best Credit Cards For Online Holiday Shopping

People love online shopping because of the convenience it offers. It’s easy to compare prices, you don’t have to deal with crowds, you have more choices, and of course, it’s the responsible choice during the pandemic. These reasons — and then some — are why more holiday shoppers will be turning to online retailers this year.

If that’s you, make sure you’re prepared with a credit card that can help you lock in significant savings. You can start your search by checking out these five cards from the Motley Fool’s list of the best credit cards for online holiday shopping.

Bank Of America Cash Rewards

The Bank of America Cash Rewards credit card is something you don’t find every day. With it, you can earn bonus rewards for everything you buy online, instead of restricting your options to select retailers. Additionally, it’s one of the few credit cards that lets you pick your spending category so you can earn even more rewards.

So, if you select online shopping as your bonus category, you could see 3% cash back for online purchases, 2% for groceries (including wholesale retailers), and 1% on all other purchases. You can earn cash back rewards up to $2,500 in total bonus categories each quarter.

Not only that, but you can also qualify for a $200 welcome bonus when you spend $1,000 within 90 days of account opening. Plus, you can pick a different 3% bonus category each month, ensuring you get the most out of your card. 

Chase Freedom Flex

It’s possible to support smaller, independent retailers and still shop online with the Chase Freedom Flex credit card. When you activate your bonus category, you can start earning 5% cash back on all PayPal transactions, which means you can earn rewards at hundreds of online retailers this year. 


Not only can you earn 5% cash back on PayPal purchases, but you can also enjoy the same rate for everything you buy at Walmart, too (valid until December 31, 2020). During your first year, you can get 5% back on groceries and travel booked through Chase, 3% on dining and drugstores, and 1% on all other purchases.

If you spend at least $500 within three months after opening an account, you can also receive $200. All of these reasons are why The Motley Fool ranked the Chase Freedom Flex as one of the best credit cards for online holiday shopping.

Discover It Cash Back

The Discover it Cash Back credit card may not come with the same variety of online retailers, but it does provide a great cash back rate from three of the biggest names in retail. From now until the end of December, you can get 5% cash back when you shop online at Walmart, Amazon, and Target while still earning 1%b back on everything else.

After activating your bonus rewards, you can start getting your 5% back on the first $1,500 you spend in qualifying categories every quarter. After one year, Discover will double your cash back — which means you essentially receive 10% back on your bonus category spending.

Amazon Prime Rewards Visa Signature

If you have an Amazon Prime membership, you’re most likely already planning on knocking out your holiday shopping on the world’s largest online shopping site. This card has no annual fee (unless you count the cost of your membership), and you can earn excellent rewards such as 5% back on all Amazon and Whole Foods purchases, 2% at dining, gas stations, and drugstores, and 1% on all other purchases.

Best of all, there is no limit on how much 5% cash back you can earn and no spending requirement to qualify for the bonus.

Target RedCard

If you are a loyal Target customer, then this store credit card is perfect. Instead of redeeming the cash back you collect, you can exchange it for a 5% discount off all Target purchases when you check out. Additionally, you’ll also get free shipping on most purchases.

The Target RedCard doesn’t limit the discounts you can earn or require spending minimums, but some items, like prescriptions, gift wrap, and gift cards, are not eligible.

Most people have already transitioned to online shopping, but the shift will be even more apparent this year. Online shopping is an excellent way to find the best deals and stay safe while taking care of your seasonal essentials. Make sure you have the right credit card to make the most of your at-home shopping experience.


  • Meyers, Brittney. “5 Credit Cards That Will Reward You for Shopping Online This Holiday Season.” The Motley Fool, 6 Nov. 2020,
Ian Schindler