Credit Card News: Shopping

Selected cards: 0
Compare
Advertising Disclosure
Spring Renovations Pay Off With Seasonal Cash Back Cards
26 Mar
Tis the season—for renovating your house, that is. Springtime is the most popular time to start a big home improvement project, and credit card companies are making it even more attractive to spruce the place up, with 5% cash back on purchases made at home improvement stores during the second quarter of the year.

Rotating category cash back credit cards are some of the most popular credit cards on the market, and it’s easy to see why. The issuing banks make the 5% back bonus categories sync up with the seasons, so the things people are most likely to want to spend money on are the things they will get the most back on.

For example, in March, April, and May, cards like Chase Freedom and Discover it often give 5% cash back at Lowe’s, Home Depot, and other home improvement stores. The offer is capped at $75 per quarter, or $1500 in spending, and after that, customers get the usual 1% or 2% cash back for the rest of their purchases. Terms and conditions vary so cardholders should be sure and check their bank’s policies.

Opting in isn’t optional

For some of these rotating cash cards, the savings or cash back isn’t automatic. People must opt in for the extra cash back on home improvement purchases or whatever the seasonal offering is. They can do this by logging into their account center online, calling the customer service department number on the back of their card, or sometimes by text message. Once they opt in, the savings or cash back will start.

Seasonal offerings vary

Home improvement savings are usually unique to spring, but each season has its own popular savings category. In the summer, gas is often one of the reward categories, as people hop into their card for road trips. In the fall, department stores offering back to school savings are the best bet for extra cash back. Winter, and the holiday season, might see online shopping and travel, such as hotel or airline purchases, giving extra cash back.

One good thing about these cards, say credit card experts, is that people can get a couple different ones to increase their possible savings. Financial advisors urge folks to pay attention to which card they are using to pay for purchases, so they get the most bang for their buck when shopping.

Read Also Related News

  • 26 Apr

    Mobile payments are gaining momentum, and that’s being demonstrated by the success of Visa Checkout, the online payment option for folks with a Visa card and a mobile device, desktop, or laptop computer. More than 20 million people have...

  • 17 Jan

    Everyone always vows to save more money, especially around the new year, when resolutions are at a fever pitch. But in fact, statistics show that 90% of all households save less than 2% of their disposable income. In order to encourage...

  • 13 Oct

    There are so many different rewards offered by different credit cards now, it can be hard to keep track of what’s available. Between points, miles, cash back and statement credits, it can get a little confusing. But consumers are not...

looking for a Credit CARD:
Credit One Bank®: Credit One Bank® Platinum Credit Card with Rewards
Apply Online
Receive 1% cash back on eligible purchases, terms apply
Mid America Bank & Trust Company: Milestone® MasterCard® with Free Choice of Card Image
Apply Online
Applying is quick and easy with our fast decision process
Horizon Card Services: Horizon Gold Credit Card
Apply Online
Guaranteed $500 Unsecured Credit Limit
Credit One Bank®: Credit One Bank® Platinum Visa®
Apply Online
See if you Pre-Qualify without harming your credit score
Want to Read News From Other Categories?
Your Money
Card Issuers
Travel
Security
Shopping
Technology
  • 20 Jun

    Discover cardholders will be able to contact customer service more easily with the advent of in-app messaging, which allows customers to communicate with Discover customer service agents without having to stop and restart their interactions when they are logged into or...

Customer Questions

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • 0 Selected Cards Compare