Last updated on November 15th, 2022
The holidays are a time for family and friends. Ready to start prepping your holiday budget? Here is a selection of our top credit cards for holiday entertaining:
At a Glance
Citi® Double Cash Card
|Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.|
Costco Anywhere Visa® Card by Citi
|4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter.|
Discover it® Cash Back
|Earn up to 5% cash back in rotating categories||Learn More|
Savor Cash Rewards Card
|Earn unlimited 4% cash back on dining, entertainment, popular streaming services and at grocery stores.||Learn More|
Blue Cash Preferred® Card
|Earn 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).||Learn More|
The Best Credit Cards for Holiday Entertaining
Citi® Double Cash Card – 18 month BT offer
Earn 2% back on everything
Earn 1% back when you make a purchase and 1% back when you make you pay off that balance
The Citi® Double Cash Card is an all-around holiday star. That’s because the card offers unlimited 2% cash back on all eligible purchases. That 2% back breaks down as 1% back when you buy and 1% back when you pay for your purchases. The simplified cash back rewards with the Double Cash are ideal for holiday entertaining. The card is a great way to stretch your budget in times of financial difficulty.
The simplified cash back is matched by two equally generous welcome offers. First, new accounts earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening. Second, new accounts enjoy 0% intro APR on balance transfers for 18 months, with a variable rate based on creditworthiness after that.
The triple threat combination of a lack of an annual fee, the 2% back, and the 0% introductory APR on balance transfers for the first 18 months make the Citi Double Cash Card the perfect everyday credit card for anyone getting ready for the holiday season.
Costco Anywhere Visa® Card by Citi
4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter
If you are looking to stock up on holiday essentials, the Costco Anywhere Visa® Card by Citi is a great way to stock the freezer and get all your holiday shopping done – all while earning valuable cash back rewards. The card, which doubles as your Costco membership card, earns 2% back on Costco purchases (including costco.com) and 3% back on restaurants and eligible travel purchases.
The dining and travel 3% categories are great for anyone who plans to hit the road this holiday season, as are the impressive rewards on fuel purchases. Costco Anywhere Visa cardholders earn a huge 4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter. This lucrative category makes the Costco Visa one of the very best gas rewards credit cards on the market today.
This combination of Costco savings and impressive travel and commuting rewards is excellent for the end of the year, as Thanksgiving and holiday travel can rack up some serious bills.
Discover it Cash Back
5% cash back in rotating categories each quarter, up to the quarterly maximum, when you activate
0% for 15 months from account opening
The Discover it® Cash Back is a perennial favorite because of its excellent 5% cash back calendar. The Discover it earns 5% cash back on the first $2,500 in quarterly spending in select categories, then 1% after that. Those 5% bonus categories are lucrative, with the 2022 calendar looking as follows:
|5% Cash Back Category|
|January – March 2022||Grocery stores plus gym and fitness club memberships|
|April – June 2022||Gas stations and Target|
|July – September 2022||Restaurants and PayPal|
|October – December 2022||Amazon.com and digital wallets|
Amazon is a regular feature of Q4 for Discover, making the it one of the best cards for holiday shopping. The Amazon website pretty much sells anything you can imagine, including groceries via Amazon Fresh or Whole Foods. Earning 5% back with Discover around the holidays is easy – almost as easy (and enjoyable) as Discover’s Cash Back Match.
All Discover credit cards come with the Cashback Match. This unique bonus means the bank matches all the earned cash back rewards a cardholder earns in their first year – dollar for dollar, automatically, and with no cap. Add to that 0% APR for 15 months, and this is a great card for your holiday season.
Not sure if the Discover it is right for you? Consider the Citi Custom Cash℠ Card, which earns 5% back on purchases in your top eligible spend category each billing cycle up to the first $500 spent and 1% cash back thereafter.
Capital One® Savor® Cash Rewards Card
4% cash back on dining, entertainment, and popular streaming service
3% cash back at grocery stores
The Capital One® Savor® is one of the best dining and entertainment credit cards on the market today. The card, which carries a relatively modest $95 annual fee, earns an impressive 4% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases.
As detailed in our comprehensive Savor review, the Savor easily recoups that $95 yearly charge with just $198 in dining purchases every month – an easy task for the well-seasoned foodie. And since the card also earns 2% back on groceries, it offers plenty of value for those who prefer to dine out or are planning a big family feast this year.
The Savor also comes with a complementary food delivery membership through Postmates. This benefit offers $99 in value, quickly recouping the annual fee – and saving cardholders money while earning 4% back on their order!
Blue Cash Preferred® Card from American Express
6% back at U.S. supermarkets on up to $6,000/year
6% back on select U.S. streaming services
Planning on entertaining at home? If so, the Blue Cash Preferred® Card from American Express is an excellent option to consider this holiday season. The Preferred-Blue Cash Card is Amex’s answer to the Savor Card, featuring enhanced cash back on select purchases and a $95 annual fee (which Amex waives for the first year).
Like the Savor, the Blue Cash Preferred earns elevated cash back in categories that are essential for great holiday entertaining. These bonus categories include:
- 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
- 6% back on select streaming services
- 3% cash back at gas stations and on transit
New accounts also enjoy a $250 statement credit when they use their new card to make $3,000 in purchases in the first six months of card membership. That welcome offer is easily attainable for the average spender – and even easier to reach for the holiday entertainer looking to put smiles on faces this holiday season.