Black Friday is a time awaited by many consumers eager for discounts and promotions. To optimize your purchases and get the most benefits during this period, choosing the right credit card can be crucial. Let’s explore the best options that offer special rewards, protections and advantages for this long-awaited date.
1. Cards with Attractive Cashback Programs
Credit cards offering generous cashback are intelligent choices for Black Friday. Cashback programs give back a percentage of purchases, providing tangible savings. Cards like Chase Freedom Unlimited, Citi Double Cash, and Discover it Cash Back are known for offering significant cashback in various purchase categories, including Black Friday deals.
2. Cards with Special Rewards for Purchases at Participating Stores
Certain cards are aligned with major retailers and offer extra benefits for purchases made at these stores during Black Friday. The Amazon Prime Rewards Visa Signature Card or Target REDcard are clear examples. These cards often ensure additional discounts, increased cashback, or even free shipping for purchases made in the store or at partner retailers during this period.
3. Cards with Extended Purchase Protection and Benefits
Opting for cards that offer additional protection for your purchases is advantageous during Black Friday. Some cards include purchase protection insurance, extended warranty, and even extended return policies, providing more security when buying discounted products.
4. Cards with Zero Foreign Transaction Fees
For those planning to take advantage of international deals during Black Friday, cards with no foreign transaction fees are essential to save on purchases. Cards like Chase Sapphire Preferred or Capital One Venture Rewards stand out in this regard, allowing international purchases without additional fees.
5. Cards with Special Offers for New Cardholders
Some cards offer special incentives for new cardholders during Black Friday, such as signup bonuses or additional cashback in the first few months. These offers can be particularly advantageous for those with specific shopping plans during this period.
Is Black Friday Worth It?
TL; DR: Mostly. Long answer: Black Friday deals are usually the best deals you see all year and set a precedent for better prices in the coming months. However, some Black Friday deals aren’t that great or repeat themselves year after year. The prices of smart home technologies such as Amazon’s Echo Dot or Google’s Nest Mini, for example, are predictable.
In years past, these speakers went on sale every November for around $20-25. The price may drop to the same this year as well. It’s technically the lowest price, but consider whether you need another cheap mini speaker before you order, especially if these deals are repeated throughout the year.
Because products go on sale every few months, some discounts don’t dominate, and the fact that a store repeats an offer often says a lot about the nature of the sale. However, if you’re looking for a specific item and want to save money, it’s worth the deal. Remember, price research is important. So don’t worry if you miss a deal. It is possible that this will happen again at some point in the future.
How Much Money Can I Save on Black Friday?
It depends on what you buy. There are so many categories that it would be impossible to list them all here. For example, it’s generally a good idea to buy a TV around Black Friday if you can find the right model. They are cheapest at this time of year and on bank holidays.
You can also save on clothes, toys, housewares, etc., but when you look at the actual dollar amount, these deals may not seem as attractive. However, the price is cheaper than usual. The bottom line is that there are deals on almost any type of item you can think of. By shopping carefully, you can save a lot of money on the things you need and want to buy.
Conclusion
Selecting the ideal credit card for Black Friday depends on individual preferences, spending patterns, and desired deals. It’s crucial to carefully review the advantages offered by each card and understand their terms to maximize the benefits. By doing so, consumers can optimize their purchases during Black Friday, maximizing the benefits offered by their chosen credit cards.
