5 Reasons to put Christmas on a Card
These 5 card benefits are based on the benefits I receive on my personal American Express Blue Cash Preferred Card. Other cards may offer similar benefits, but I am more familiar with this card because I use it. You can click on the link VowofPracticality.com/AMEX to see how to earn $250 back on the first $1,000 you spend, and pay 0% APR for 12 months.
Special Note: Before we begin… Do not put more on a credit card than you would have put on your debit card… Also pay the whole thing off when your December statement comes in… Yes… all of it.
1. Purchase Protection
You bought all the toys for the kiddos and put them under the tree, but come home to find they’ve all been stolen. How terrible would that be? But how great would it be to know you bought them on a card that offered Purchase Protection, and that your decision saved Christmas? ( insert Whoville Christmas song here )
Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. It can help protect eligible purchases made on your Card against accidental damage or theft, for up to 120 days* from the date of purchase. Please read important exclusions and restrictions to see if your item is eligible for coverage. *For residents of New York, Indiana, Guam, Puerto Rico, and Northern Mariana Islands coverage duration remains at 90 days.
2. Return Protection
Let’s say you buy someone a gift, but when they go to return it the retailer won’t take it back. Wouldn’t it be nice to have the money refunded by your credit card company instead? Some cards will actually do this!
If you try to return an eligible item within 90 days from the date of purchase and the merchant won’t take it back, American Express may refund the full purchase price (excluding shipping and handling), up to $300 per item, up to a maximum of $1,000 per calendar year per Card account, if you purchased it entirely with your eligible American Express® Card. Please read important exclusions and restrictions.
3. Extended Warranty
Did you know by simply purchasing a product with the right credit card and keeping the receipt, you can often double the warranty period? Typically a 1 year warranty is extended to 2 years for example.
Extended Warranty♦ is an embedded benefit of your Card Membership and requires no enrollment. It can provide up to two extra years* added to an original U.S. manufacturer’s warranty of five years or less when you use your Card on new eligible purchases. Please read important exclusions and restrictions. *For residents of Indiana, Guam, Puerto Rico, and Northern Mariana Islands, Your coverage will continue to match the original warranty period for warranties of less than one (1) year or provide one (1) additional year if the warranty is between one (1) and five (5) years.
4. Cash Back
I’m going to go out on a limb and assume you are human. If so, you buy groceries… What if you got 6% of that money back every month just by putting it on a card? What if you got 3% back for the Christmas gifts you bought at a department store, or 1% back for all the Amazon gifts you bought? It all adds up, and as long as you would have spent the money anyway… you’re saving a bundle.
6% Cash Back at U.S. supermarkets up to $6,000 per year in purchases (then 1%);
3% Cash Back at U.S. gas stations;
3% Cash Back at select U.S. department stores; and
1% Cash Back on other purchases.
5. Save $250
If you spend $1,000 in purchases on a new Blue Cash Preferred Card in your first 3 months you will receive the $250 back in the form of a statement credit when using our affiliate link. Blue Cash Preferred Card. (Click link to make sure offer is still valid)
Paying for Christmas with a credit card!
Sounds like a bad idea to some; and it might be if you have a spending problem. But if you have a little self control, and you plan on buying gifts this year with cash or a debit card anyway, and WILL pay off the card immediately WITH MONEY YOU HAVE. Then this might be a really good deal for you.
There are a lot of credit cards out there, and many of the good ones offer some great reasons to use them during the holidays. Typically the best cards have an annual fee, so you need to utilize the benefits of these cards to offset that cost. I personally use the American Express Blue Cash Preferred Card, which at the time of this writing has a pretty small $95 annual fee. I felt it was worth the fee for all the things I outlined above, as well as other benefits such as roadside assistance, free credit scoring, and concierge services.
Also to show you that I practice what I preach, here is a screenshot of my balance. 🙂
(Now I’m just showing off)
C.J. is the blogger behind the Vow of Practicality. “Let’s grow your wealth, increase your productivity, and maximize your happiness.”