A credit card is a shopaholic’s best friend. Plastic doesn’t take up a lot of space in our wallets, so using credit is much easier than walking around with a wad of cash. But although a shopaholic doesn’t leave the house without his credit cards, this doesn’t suggest irresponsible use.
If you’re going to shop, it only makes sense to get the most out of each trip. Whether it’s a sweet reward, cash back or lower fees, if a credit card can save you money, that’s more cash in your pocket for other things. Here’s a look at nine of the best low-interest credit cards for shopaholics.
1. Discover It Cash Back
With its generous cash-back rewards program, you can’t go wrong with the Discover It Cash Back credit card. This credit card offers 5 percent cash back on rotating categories like dining, gas and groceries, and 1 percent cash back on all other purchases.
Unlike some cash-back programs where you have to wait to redeem your money, this card lets you redeem any amount at any time for statement credit, a check or use on Amazon.
The interest rate starts at 10.99% APR, plus you’ll enjoy no annual fee and 0% interest on purchases and balance transfers for the first 14 months. And since every shopaholic needs a credit card, you’ll also benefit from Discover’s free overnight card replacement service if your card is ever lost or stolen.
2. BuyPower Card From Capital One
If you’re planning a new car purchase in the next few years, why not earn cash toward this purchase with the BuyPower Card from Capital One? You can earn 5 percent cash back on your first $5,000 in purchases every year, and unlimited 2 percent cash back on every other purchase.
If credit is your preferred method of payment, the savings will add up quickly, and you can apply your earnings toward the purchase of a new Chevrolet, Buick, GNC or Cadillac. If you can save money on a car purchase and get a cheaper monthly payment, that’s more disposable income for shopping. There’s no annual fee, and the card features a low rate of 11.90% APR, plus 0% interest on purchases for the first 12 months.
3. BankAmericard Better Balance Rewards
Apply for the BankAmericard Better Balance Rewards credit card and the bank automatically credits any cash-back bonus to your card balance. But this isn’t the only feature to get excited about. It makes good financial sense to pay more than your minimum every month — especially if you’re a big spender. With this credit card, pay more than your minimum on time every month and you’ll earn a $25 bonus each quarter.
Do you have a Bank of America checking or savings account? If so, you’ll earn an additional $5 bonus per quarter. Enjoy 0% APR on purchases and balance transfers for 12 billing cycles, and then pay a standard rate as low as 11.99%. There is no annual fee for this card.
4. Capital One Quicksilver Cash Rewards
Apply for the Capital One Quicksilver Cash Rewards and earn unlimited 1.5 percent cash back on every purchase, and there’s no limit to how much you can earn. Get a $100 cash bonus after spending $500 within the first three months. The more you shop, the more you earn, and your cash back rewards never expire. There are multiple ways to save because the card features no annual fee and 0% APR on purchases and balance transfers for the first nine months, followed by a standard rate of 12.90% APR.
5. Blue Cash Everyday Card From American Express
The Blue Everyday from American Express pays 1 percent cash back on all other purchases. But this isn’t the only way to earn rewards: The card also offers 3 percent cash back at supermarkets up to $6,000 per year. And if you’re obsessed with Saks Fifth Avenue, Bloomingdale’s, Kohl’s, Macy’s or Nordstrom, you can earn 2 percent cash back at these department stores and other select major U.S. retailers.
Keep reading: 10 Things You Should Never Put on a Credit Card
6. BankAmericard Cash Rewards
You can earn 2 percent cash back at grocery stores and 3 percent cash back on gas up to $1,500 each quarter with the BankAmericard Cash Rewards card, plus 1 percent cash back on every other purchase. As a reward bonus, existing Bank of America customers receive an exclusive 10 percent bonus every time they deposit cash back earnings into a Bank of America checking or savings account.
It gets better if you’re a Bank of America preferred rewards client. Redeem your cash-back bonus into your checking or savings account and the reward bonus increases to between 25 percent and 75 percent.
There’s no annual fee, and with the bank’s online-only offer you’ll get $100 in cash rewards after spending $500 in the first 90 days. You’ll also enjoy 0% APR for the first 12 billing cycles and then an interest rate starting at 12.99%.
7. Citi Double Cash Card
Apply for this credit card and earn 1 percent unlimited cash back on purchases, plus another 1 percent cash back just for paying your credit card statement. The Citi Double Cash card features no annual fee and 0% APR on purchases and balance transfers for 15 months, and then a standard rate as low as 12.99%.
This credit card offers other features to keep cash in your pocket, thus allowing you to spend more. For example, if you get busy and forget about a due date, there’s no fee with your first late payment. With Citi’s Price Rewind, the bank searches and compares prices for items you’ve purchased with the card. If the bank finds the item at another retailer for a cheaper price, it refunds the difference to your credit card, up to $300 per item and $1,200 per year.
8. Chase Freedom
Earn 5 percent cash back on rotating categories every three months, plus unlimited 1 percent cash back on all other purchases with the Chase Freedom credit card. As a new cardmember, you’ll also earn a $100 bonus after spending $500 in the first three months, and another $25 bonus once you add an authorized user on your account and he makes a first purchase within 90 days.
Enjoy 0% APR for 15 months on purchases and balance transfers, and then a low interest rate starting at 13.99%. There’s no annual fee, and if you prefer online shopping, you can shop through Chase.com and earn 2 percent to 5 percent cash back with select retailers.
9. PenFed Platinum Rewards Visa Signature
The PenFed Platinum Rewards Visa Signature lets you earn five points on gas purchases at the pump, three points at the supermarket and one point on all other purchases. There’s no annual fee and you can enjoy a low APR starting at 9.99%. Redeem your points for a variety of rewards including merchandise, gift cards or get cash on a Visa prepaid debit card. You’ll also receive special savings from top retailers and discount tickets to events.
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