BEST Credit Cards For Holiday Shopping 2020! – The Credit Shifu

by YouTube Team

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In this video we look at the best credit cards for holiday shopping in 2020. These include the Freedom Flex, the Amex Platinum, the Discover it card and many more.

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Watch: youtu.be/5bj44xI2oWw
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NOTE: The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

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45 comments

07broly November 18, 2020 - 7:51 pm

First 😁😆

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Henry The III November 18, 2020 - 7:51 pm

Just in time! Glad I saw this before I stared shopping!

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Casey Burns Investing November 18, 2020 - 7:54 pm

Make sure you stay inside while your local politicians party it up in the streets. How dare you plan to have a dinner with your family? How dare you have so many people in your house at once?

This message was brought to you by your local government official, we’ll be delivering the tent that you may put your child in (all for your protection of course).

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Mark Reese // Credit & Finance November 18, 2020 - 7:55 pm

Discover it Cash Back’s 5% categories are always awesome for Q4 shopping 😎💯

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albaabkh November 18, 2020 - 7:56 pm

Does anyone know if you use your amex card, say platinum, on plastiq to pay rent (primarily to a roommate whose name is on the lease), it'll count as a purchase?

Got pre-approved for the platinum but trying to figure out how I can satisfy minimum spend if I decide to get it!

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David November 18, 2020 - 7:56 pm

I think the Amex BCE is also great for holiday shopping since part of the SUB is 20% cash back on Amazon for 6 months

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Chris Brown November 18, 2020 - 7:58 pm

I’ll definitely be using my Discover it this Xmas and getting that 10% cash back.

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Landon Walker November 18, 2020 - 8:00 pm

How did you earn $13K on Rakuten?????

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Vic & Lucy - Personal Finance & Investing November 18, 2020 - 8:01 pm

Buying Christmas presents to hit the welcome bonus

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Jackson Welch November 18, 2020 - 8:05 pm

I thought you couldn't talk about Discover?

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Amir Moradi November 18, 2020 - 8:24 pm

Another tip is if you have the target credit card you can get 5% back on gift cards you buy at target. So unless rakuten is giving you 5% or better then target might be the place to go

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Sick November 18, 2020 - 8:31 pm

Been loving the content lately, really informative and interesting!

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Sick November 18, 2020 - 8:34 pm

Love the baby yoda in the background btw, haha

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Daniel Delarosa November 18, 2020 - 9:28 pm

I love your videos. Keep it up!

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Nick Arnold November 18, 2020 - 9:28 pm

Good video! Kinda related, but can you get a us card (prepaid/debit) with at least some cashback outside of the us? That would be a nice way to get some cashback because German creditcards don’t have very much cashback at all.

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Jessica McCarrey November 18, 2020 - 9:29 pm

Great video!

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Ricky campos November 18, 2020 - 9:42 pm

Those are really good cards for the holidays

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Eric Mcdonald November 18, 2020 - 10:05 pm

Quick questions! If I have the chase freedom card can I apply and also have the flex card? If yes, do I get the sign up bonus if I got a similar one on the freedom? Thanks!

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Carlos Valdivia November 18, 2020 - 10:10 pm

Good information ℹ️

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Ryan Kling November 18, 2020 - 10:11 pm

Not sure why the recommendation to use the Amazon card over the Discover card for the first $1500 on Amazon for tenured Discover holders. Discover offers the ability to boost your cash back redemption value when redeeming for gift cards through their portal, which would make the earning equivalent over 5%.

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Brandon Reid November 18, 2020 - 10:19 pm

I’m using Amazon prime as a student. Am I able to apply for the Amazon rewards Visa and still only pay $60 per year for my Prime membership?

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Andres Conde November 18, 2020 - 11:03 pm

Amex platinum: Dell $100 credit good till January 2021+ Rakuten 8%

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Anthony Ardizzone November 18, 2020 - 11:42 pm

Credit cards aside, how did you get over $13,000 in cash back on Rakuten in between big fat check periods?

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BronxProject November 18, 2020 - 11:49 pm

I wonder if you'll ever do a video on department store cards 🤔

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Points of View November 19, 2020 - 12:01 am

Make sure that you check your Amex offers everyday as one could come up to help out with your holiday shopping.

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Louis Lam November 19, 2020 - 12:48 am

Citi double cash is also offering 5% back in statement credits on up to $500 online spending between 11/24-11/30, if you enroll in the offer. For any of u that have that card and none of these lol

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Richard Forester November 19, 2020 - 12:53 am

7:47 You said Rakooten. LOL. I used to pronounce it that way too.

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MrThatblueguy November 19, 2020 - 4:06 am

Nice, I have all but the platinum. Paypal key purchases from my linked Freedom have been counting as paypal 5x back as well.

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Foggy Shores November 19, 2020 - 6:34 am

US Bank Cash+ the most underrated card on any YouTube channel or list. Great card.

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Eric Donovan November 19, 2020 - 6:40 am

You've earned $13,744 through rakuten? Darn! How long have you been using it? I've earned $400 back but I always forget to even use it, probably could be around $3,000 ish if I always used it.

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Eric Donovan November 19, 2020 - 6:44 am

I'm doing ALL Christmas shopping on the platinum for purchase and return protection!

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JesseMolina817 November 19, 2020 - 7:33 am

Cash App card has weekly discounts boosts. Including 10% off any grocery store purchase including gift cards. Also I got 20% discount off gift cards at USPS (post office) inside -maximum $7.50 off.

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Jeff Langham November 19, 2020 - 2:56 pm

Business Credit Card video when?

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Jonathan Kleinfelt November 19, 2020 - 3:31 pm

Thanks for the reminder to use my Saks credit!

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Amari Grant November 19, 2020 - 5:33 pm

am I the only one that experiences a balance carried over into the next billing cycle in JUST right after the holiday shopping season??!!! 😣🤪

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MJM November 19, 2020 - 5:40 pm

I'm never stepping foot into a Walmart ever again, its a very sketchy place. you meet the weirdest people there.I don't ever feel safe going to one.

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Ryan Therrien November 19, 2020 - 5:41 pm

Rakuten also has their own credit card that gets you an extra 3% cash back on top of whatever amount is offered on the Rakuten site. So for example, if Rakuten is offering 4% back at Nike, you can use your Rakuten credit card to get 7% back and you'll get paid however much cashback you've accumulated once per quarter into your PayPal. TCS made a video on it a while back. I have this card and it's not bad, only really useful for purchases through Rakuten but definitely recommended for the shopping season!

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GraphyteTV November 19, 2020 - 7:39 pm

I’ve never even heard of saks that’s how poor I am 😂😭😭

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Paul H-man November 19, 2020 - 11:06 pm

What about PayPal's 6 months no fees plan?

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Sam November 19, 2020 - 11:19 pm

Be prepared. The Bank of America Preferred Rewards takes 3 months to kick in. And Doctor of Credit has posted an alert that they might be reducing the bonus.

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Doc November 20, 2020 - 12:37 am

i already received & will be using these offers:

5% on $500 for online shopping on Citi DC
3% on $2500 on anything on Discover More
$100 SUB after $1500 spend on Andrews FCU card

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Justin Huff November 20, 2020 - 5:30 am

Talk about the invite only ollo optimum mastercard: 2.5% cashback, no annual fee. I want your feedback 🤔

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Buckshot00fan November 20, 2020 - 9:57 am

So I've always had a Sychrony Bank amazing store card that always gives 5% unlimited.

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Ed Courtney November 21, 2020 - 4:59 pm

Chase is also giving 5x back at Amazon and 3x back on groceries on their Hyatt card in November and December.

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TheFedExMan November 27, 2020 - 2:12 am

Rakuten. $1/100 points. Life lock

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