If you’re going to spend a lot of money online, it makes sense to choose a credit card that rewards those purchases. These cards typically offer bonus points, cash back or miles for purchases made with specific online retailers or spending categories.
Other perks may include identity theft protection, an intro balance transfer or purchase APR, or offers for streaming services. Whichever card you choose, make sure to use it responsibly and pay off your balance in full every month.
Benefits
Shopping online is becoming more and more popular, and it’s an easy way to find good deals on items you might not otherwise be able to buy. It’s also convenient, as you can get the latest gadgets, clothing, and accessories without ever having to leave your home.
Luckily, there are credit cards that reward you for online spending and come with perks that make your online shopping experience easier. These benefits include bonus points, cash back, and miles on purchases made from certain online retailers or in specific spending categories.
One card that offers a great deal for online shopping is the Bank of America Customized Cash Rewards credit card, which rewards you with 3% cash back on the category of your choice and 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases). This is one of the best options out there for earning rich cash back on online shopping as long as you use it strategically.
Perks
If you shop online for most of your purchases, there are a number of credit cards that will help you save money. These cards offer a range of perks, including big initial bonuses, rewards on online purchases and low annual fees.
Some of these perks also come with security measures to protect your personal information. Citi’s Identity Theft Solutions program for example, helps you regain control of your data if it is stolen or lost.
Another perk is the ability to earn points or cash back for specific products. This is especially true for e-commerce giants like Amazon, which offers a credit card that allows you to earn 5% cash back on online purchases.
Security
Many credit card companies offer a range of security features to protect customers from online fraud. Some cards even provide 24-hour fraud monitoring services that contact you if there’s suspicious activity on your account. These services also typically provide a zero liability policy for unauthorized purchases.
One way to secure your online shopping is to use a virtual card number instead of your actual card for each purchase. This feature is available from several providers, including Capital One, Citi and Wells Fargo. These cards are typically issued for a set amount of time and are not tied to your real account number. You can create multiple virtual card numbers and use them to make purchases from different retailers. Some of these cards have additional security features, such as text alerts for suspicious transactions or access to customer service representatives via online chat. These features can be particularly useful if you make frequent purchases on your card.
Fees
Many credit cards reward online shoppers with cash back or points when they make a purchase. Some even offer generous sign-up bonuses or rewards for meeting a spending requirement. A card that’s the best for you depends on several factors, including your personal budget and shopping habits. Before you apply for any of these cards, be sure to look over the fees and rewards to make sure you’re getting the most bang for your buck.
Some credit cards also feature a few other perks that you won’t find on your average card, like identity theft protection, low APRs, and introductory offers for popular streaming services. These can be worth the extra effort to research before you make your decision. The most important thing to remember is that you should use your credit card wisely.
