It’s hard to believe, but it’s almost time for the holiday shopping craziness to begin! If you like to get a head start on things, you may already be on the lookout for deals on gifts — and Black Friday and Cyber Monday are not that far off!
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One of my favorite credit cards to save on holiday shopping is the Discover it® – Cashback Match card. Every winter, you can save 5 percent on purchases up to $1500 on Amazon.com (that saves you $75) when you use your card to make the purchases. This year, they’ve added Target to the mix, as well! But first you need to hold the card 🙂 and then you need to activate their 4th quarter bonus, which is available for activation right now.
Maximizing Amazon Holiday Savings
It can be tough to save at Amazon, as they don’t typically offer many coupons or hold percentage off sales, so this presents a unique opportunity to save on your holiday shopping. I don’t know about you, but we do LOTS of holiday shopping on Amazon and hold the Amazon Prime membership!
You can use the 5% cashback on Amazon Prime memberships and gift cards! So you could always buy a $1500 gift card for holiday shopping, saving you $75 or effectively giving you $75 in free goods. Or get yourself an Amazon Prime subscription.
We’ve had an Amazon Prime subscription for about three years and find it hugely helpful not to have to worry about shipping charges and to get things sent to us sooner. Prime costs $99/year and offers free 2-day shipping, video streaming, music streaming, unlimited photo storage (I LOVE this!), early access to lightning deals, access to 800,000 free ebooks and more. A no brainer if you ask me ;-).
Maximizing Target Holiday Savings
If you already hold Target’s Red Card Debit Card, which automatically saves you 5 percent on all purchases and comes right out of your bank account (no credit line is extended), this is not any additional savings. But whether you use the Red Card or Discover, you can also stack additional Target savings on top, including use of the Cartwheel app, which saves money off of particular items, coupons within the Target app and coupons you may receive in the mail. Holders of the Target Red Card Debit Card also get FREE shipping on Target.com. I LOVE the Target Red Card Debit Card!
To apply for any of the cards in the post (aside from the Target Red Card), please consider starting at the TRAVEL CREDIT CARDS link in the main menu above. This allows me to earn a commission — at no cost to you — to help me pay the blogging bills and continue to bring you great information FREE! Thank you for taking this extra step!
All About Discover it – Cashback Match
If you don’t hold the Discover it – Cashback Match card, it’s a great free card to have in your wallet, especially if you already have all the Chase cards you want. Chase will NOT approve you for any new cards if you have been approved for five or more credit cards in the last 24 months. So you likely don’t want to waste one of those on a Discover card application. BUT if you already are at your max Chase cards, I’d definitely recommend Discover it – Cashback Match.
Here are the benefits:
- You earn 1% cash back on all purchases. Cash back is credited to you each month and can be transferred directly to your bank account, used to purchase gift cards (at amounts higher than your cashback total, making them more valuable), or used to pay your Discover bill.
- Earn 5% cash back up to $1500 on select rotating categories each quarter, including Amazon.com in the 4th quarter, as well as gas, groceries, home improvement purchases, restaurants and more throughout the rest of the year.
- There is NO annual fee.
If you’d prefer to earn credit toward travel purchases, you can consider Discover it Miles, which I recommend as a great travel credit card for those new to the miles and points hobby. Here is my full review of Discover it Miles.
How to Activate Your Amazon/Target 5% Bonus
If you already hold the Discover it – Cashback Match card, log in to your Discover It card account, and click on Rewards/5% Cash Back Bonus. Click Activate to activate the 4th quarter category.
Save More With Discover Deals
As a Discover card holder, you also have access to Discover Deals, which are special discounts and offers ON TOP OF the 1-5% cashback. They rotate but have included some of the following:
- 5% cashback bonus on Walmart.com
- $5 off $50 at Target.com
- 20% off at Bath and Body Works online
- 5% cashback bonus at OldNavy.com
- 5% cashback bonus at Ann Taylor online
To access these offers, log on to your account at Discover.com, click on Rewards and then Discover Deals.
- 8 Reasons to Get Amazon Prime This Christmas
- Discover it Miles: The Perfect Travel Credit Card for Beginners