With spring weather on its way, it's time to change out those sweaters, scarves, and skinny jeans for light and airy blouses, capris, and floral print dresses. If you're lucky, some of last year's wardrobe will suffice to get you through this year's spring season. But if you changed sizes, wore last year's cool weather clothing down to threads, or simply changed styles, you'll soon be at the mall with the rest of us.
Fortunately, the right rewards card can actually help you earn money while you shop for this year's newest trends. By signing up for the right card and maximizing its benefits, you could easily earn 5 percent back or more for every dollar you spend. Here's how:
Score an Epic Signup Bonus
If you're looking for a way to score some quick cash back, consider a card with a signup bonus and a fairly low minimum spending requirement. The Chase Freedom® card is a top option in this respect. After spending just $500 on your card within the first 90 days, you'll earn a $150 signup bonus. If you were to spend that $500 on a new spring wardrobe, that's an instant 30 percent return on your money!
Another newer option to consider is the Barclaycard CashForward™World MasterCard®. With this card, you'll earn $100 in cash back after spending just $500 within the first 90 days. Plus, you'll earn 1.5x points for every dollar you spend thereafter. It doesn't get any better (or any easier) than that.
Best of all, neither of the cards mentioned here will ever charge an annual fee.
Utilize Shopping Portals to Rack Up More Points
If a lot of your clothing shopping is done online, most of the top cash back cards make it easy to earn even more cash back. The Chase Freedom®card is another that stands out in terms of its online shopping power. By clicking through the Chase shopping portal as you browse, you can earn an extra 2-5x points for every dollar you spend at popular retailers like Macy's, Sears, Banana Republic, and Old Navy.
If you have a card like the Discover it®, on the other hand, you can earn similar rewards through the Discover shopping portal. Just click through the portal as you shop and use your card for your purchases to earn additional cash back that varies depending on the store.
Pick a Card that Doles Out a Generous Flat Rate
If you don't want to mess with minimum spending requirements or shopping portals, picking a cash back card that offers a sweet flat rate might be your best bet. The Citi® Double Cash card is one that really stands out in this category. With this card, you'll earn a flat 2 percent cash back on all of your purchases – 1 percent when you make a purchase and another 1 percent when you pay it off. Best of all, there is no annual fee.
The Discover it® card has also made it easy to earn more than average rewards this year. While you typically only earn 1x points on regular spending and 5x points in categories that rotate every quarter, Discover has promised to double the cash back you earn at the end of your first year. So, if you managed to earn $200 during your first 12 months as a cardholder, Discover will automatically double that to $400. Once again, the Discover it® card is a smart option that doesn't charge an annual fee.
As you update your wardrobe to accommodate the warmer temperatures, don't forget all the ways you could be earning cash back with a rewards card. With the right card in your wallet and some creative planning, you could get through spring with some extra cash in your wallet.
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