Use the right card when shopping at local small businesses

Jan 16, 2020

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Editor’s note: This post has been updated with new card details. It was originally published on Nov. 30, 2019. 


Even though retail giants like Amazon, Target and Dillards are still go-to shopping locations for many Americans, there has been a movement the past few years to get consumers to shop local. Shopping local supports community entrepreneurs and your local economy, not to mention there are some fantastic small businesses you can shop with no matter where you live.

Most credit cards don’t offer bonus categories that many small retail businesses will fall into, but that doesn’t mean you can’t still maximize those purchases and get a solid return on your spending. Here are three of my top picks to use for small business shopping.

In This Post

Citi® Double Cash Card

(Photo by Josh Gribben for The Points Guy)
(Photo by Josh Gribben for The Points Guy)

With the Citi® Double Cash Card, you’ll earn 2% back on every purchase — 1% when you buy and 1% when you pay your bill each month. This is a great card to use when shopping local because you’re earning a flat rewards rate no matter where you shop. That means no matter the retailer, from your favorite clothing boutique to your favorite bakery, you’ll earn 2% back. Plus, the Citi Double Cash rewards can now be converted to ThankYou Points with an eligible linked ThankYou account, so you can use your rewards as cash back or points.

Read our full Citi Double Cash Card review.

Chase Freedom Unlimited

The Chase Freedom Unlimited comes with unlimited 1.5% back on purchases. While it’s not quite as high as the Citi Double Cash’s rewards rate, remember that you can convert Chase Freedom Unlimited rewards into Chase Ultimate Rewards points if you also have an eligible Chase card such as the Chase Sapphire Preferred Card. Chase UR points are worth 2 cents each, so you’ll end up with a 3% return on all spending, no matter where you decide to shop local.

The information for the Chase Freedom Unlimited has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Read our full Chase Freedom Unlimited review. 

Bank of America® Premium Rewards® credit card

If you are an existing Bank of America customer with enough stashed with the bank to qualify for the Preferred Rewards program, it’s hard to beat the Premium Rewards Card‘s rewards structure. You’re earning 2x points on travel and dining purchases, plus 1.5x point on everyday purchases. But Preferred Rewards members can get anywhere from 25% to 75% more in rewards based on what tier you qualify for. That means you could earn up to 2.62x on non-bonus spending, making it the highest potential earner on this list.

Read our full Bank of America Premium Rewards Card review. 

Bottom line

Shopping local is a great way to support local business owners and the local economy. 2019’s Small Business Saturday (Nov. 30, 2019) recorded an estimated $19.6 billion in sales across independent retailers and restaurants, according to data from the 2019 Small Business Saturday Consumer Insights Study from American Express. Same same study found that 97% on consumers who shopped during the recent Small Business Saturday agreed that small businesses are essential to the community.

Using the right card while you shop local could help your local economy while boosting your rewards earnings.

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Featured photo by Rafa Elias / Getty Image

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,600

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 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Intro APR on Purchases
N/A
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.