Maximize your Cyber Monday shopping with these credit cards

Nov 30, 2020

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Update: Some offers mentioned below are no longer available. View the current offers here – Chase Freedom Flex

Welcome to Credit Cards week for the 2020 TPG Awards! I don’t know about you, but I am celebrating the start of this week on my couch surfing for Cyber Monday deals on all of the holiday gifts I’ve had on my list. I decided to skip out on in-person shopping this year to limit risk during the ongoing pandemic, but luckily, there are just as many online deals to take advantage of this holiday shopping season.

Whether you’ve been pregaming for Cyber Monday sales by compiling a list (guilty as charged), or are just browsing to see what strikes your fancy, you’ll want to make sure you’re maximizing those purchases. Today, I’m walking through the best credit cards to use during Cyber Monday, plus some tips to earn even more while you shop!

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In This Post

Cyber Monday shopping at major retailers

(Photo by Emanuele Cremaschi/Getty Images)

If you’re shopping at major retailers such as Target, Walmart and Amazon this Cyber Monday, here are the cards you should consider using:

Discover it Cash Back 

The Discover it Cash Back earns 5% back on rotating categories each quarter (up to $1,500 in spending each quarter; enrollment required). During the fourth quarter of 2020, the bonus categories are Walmart.com, Target.com, Amazon.com and Best Buy — all major retailers that offer great Cyber Monday deals. Even better? If you’re a new cardholder, Discover will match the cash back you earn at the end of your first year — not bad at all for a no-annual-fee credit card.

Related: Your ultimate guide to Discover cards

Chase Freedom Flex

Like the Discover it Cash Back, the Chase Freedom Flex earns 5% back on rotating categories each quarter (up to $1,500 in spending each quarter; enrollment required). This quarter, those categories include Walmart.com and PayPal. PayPal is an especially useful bonus category for Cyber Monday because millions of retailers accept PayPal at online checkout. Just make sure your PayPal account has your Chase Freedom Flex set to the default payment method before you start shopping.

Related: Why I switched from the Chase Freedom to the all-new Chase Freedom Flex

Amazon Prime Visa Signature Card

It’s hard to beat the Amazon Prime Visa Card when you’re shopping at Amazon. You’ll get 5% back on Amazon and Whole Foods purchases, plus Prime members get access to a number of special Cyber Monday deals. If you’re planning on spending most of your Cyber Monday budget on Amazon, this is a great card to use to maximize those purchases. Plus, right now, new cardholders get a $100 Amazon gift card when they are approved through Dec. 22, 2020. Cardholders also have additional Amazon financing options, including an option to make equal monthly payments on purchases over $150 with no interest. T

he information about the Discover it Cash Back and Amazon Prime Visa Signature cards have been collected independently by TPG. The card details on this page have not been provided by or review by the issuer. 

Related: 3 reasons why the Amazon Card is on my 2020 wish list

Cyber Monday shopping at smaller retailers

(Photo via Getty Images)

Smaller retailers and online boutiques may not fall into larger bonus categories, so flat-rate rewards credit cards are excellent options for these purchases.

Related: TPG’s picks for Small Business Saturday holiday shopping

Chase Freedom Unlimited

The Chase Freedom Unlimited is actually my go-to card for online shopping. You’ll get 1.5% back on all non-bonus spending. And if you also have a Chase Ultimate Rewards card such as the Chase Sapphire Preferred Card, those rewards can be converted into Ultimate Rewards points (turning your Cyber Monday spending into a 3% return according to TPG valuations). New cardholders can also get $200 after spending $500 in the first three months of account opening.

Check out the full card review. 

Capital One Venture Rewards Credit Card

The Capital One Venture earns 2x on all non-bonus spending, making it another great option for online spending that doesn’t fall under other spending categories. While the card does come with a $95 annual fee, you’ll also get 60,000 miles after spending $3,000 on purchases within the first three months of account opening. You’ll then be able to use your earned rewards at a fixed-rate on eligible purchases or by transferring to partners.

Check out the full card review. 

Citi® Double Cash Card

You can earn up to 2% back on every purchase with the Citi Double Cash — 1% when you buy and 1% when you pay. Like the others on this list, it’s a great choice to use on purchases that won’t earn rewards with other cards. While the card doesn’t offer a welcome bonus, you are able to convert rewards into ThankYou points if you also hold an eligible Citi ThankYou credit card.

Check out the full card review. 

Cyber Monday shopping for future travel

(Photo by Andrea Bacle Photography)

Chase Sapphire Reserve

If you’re planning on using Cyber Monday to book some of the travel deals available for future travel dates, then you can’t go wrong with the Chase Sapphire Reserve. You’ll earn 3x across all travel purchases, plus cardholders do get up to $300 in annual travel credits (if you haven’t already used yours for the year). Chase defines travel broadly, meaning a number of different travel purchases will qualify for awards.

Check out the full card review. 

Cobranded cards

Also consider using your cobranded cards when you book travel deals directly. Many airline and hotel credit cards offer best-in-class earning rates on brand purchases while offering perks like automatic elite status, free checked bags and more. While I wouldn’t suggest using your cobranded cards on everyday purchases from retailers like Target, you can use your specific cobranded cards when you book deals to maximize those Cyber Monday purchases.

Other tips for maximizing purchases

Shopping portals

In addition to using your credit cards rewards rates to maximize purchases on Cyber Monday, make sure you’re also taking advantage of online shopping portals. When you use shopping portals for your Cyber Monday shopping, you can double or even triple-dip your rewards earnings on top of what you’ll already save with Cyber Monday deals. I personally use the Rakuten Chrome extension and check CashBackMonitor.com to see which portals give me the best return at specific retailers. Plus most of the major U.S. airlines have their own shopping portals where deals abound.

Related: Using online shopping portals to maximize your holiday spending 

Amex and Chase Offers

Finally, make sure you’re checking the Amex Offers and Chase Offers available across your credit cards. Both programs offer additional rewards (sometimes in the form of additional points and sometimes in the form of cash back rebates) on specific retailers that normally do not earn rewards. You can stack these offers with rewards earned through shopping portals and with standard Cyber Monday deals.

Related: Guide to Amex Offers and Guide to Chase Offers 

Bottom line

Even in a typical year, the idea of getting my holiday shopping done online rather than braving the mass crowds is tempting. But this year especially, I’m going to be taking advantage of cyber deals from my favorite small businesses (hello, Blk & Bold coffee and tea restock!) from my couch and using my credit cards and shopping portals to rake in rewards without risking the crowds.

Featured image by Kena Betancur/VIEWpress/Corbis via Getty Images. 

Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.