Making your credit card pay part of your holiday shopping bill

TULSA - Before hitting the stores check out the rewards or points program your credit card offers. watches over trends in the credit card industry and its CEO Bill Hardekopf says
"Credit card issuers are using generous rewards and bonus offers to attract people to their card."

Whether you use rewards or points to get cash back, pay off some of your credit card bill or earn gift cards there are a lot of great offers out there.

Just read the fine print or call the number on the back of your credit card and talk to a company representative.

An important word of caution:  If you can't pay off your entire credit card balance when the bill comes due the next month you should opt to pay in cash.   The money you'll pay on interest charges will almost always be higher than any rewards you can earn. offers this information to help maximize your rewards:

Consumers will spend an average of $749.51 on their holiday shopping, up 1.2 percent from the $740.57 spent last year, according to the National Retail Federation.

Shoppers can save money by using their rewards card to help pay for holiday shopping.

"Credit card issuers are still using generous rewards and bonus offers to attract attention to their card. However, most offers now come with spending requirements that make you purchase a certain amount in a specified time period in order to get the bonus," says Bill Hardekopf, CEO of  "If you pay off your balance each month, this shopping season is a great time to earn extra rewards. But if you can't afford to pay off your balance in January, forget about rewards and use cash or the credit card with the lowest rate."

Here are some tips for making the most of your credit cards during the holidays:

1) Use your reward points as currency to buy gift cards or merchandise offered through partner programs. The programs vary by issuer, but the partners could be stores where you already shop. Discover turns $20 rewards into $25 gift cards for AMC Theatres, Bed Bath & Beyond, and many national clothing retailers. Citi gives an additional one to five percent cash back when you shop at their over 400 retail partners. The Citi ThankYou card has a $50 gift card for Fandango or iTunes for 5,000 points, or a $25 Olive Garden gift card for 2,500 points. American Express offers a $100 Amazon gift card for 18,000 points. Capital One is adding bonus rewards for purchases made from November 25-28 with some retail partners in its online shopping portal, Perk Central. Some retailers include: (100 percent rewards increase), (40 percent rewards increase), (100 percent rewards increase) and (40 percent rewards increase).

2) Look for five percent rotating cash back offers. Chase Freedom, Discover More and Citi Platinum Select offer an attractive five percent back on spending in designated categories during a certain period of time. The October-December bonus categories for these issuers focus on shopping and entertainment. If you have these cards, remember to sign up for these attractive rebate offers each quarter since enrollment is not necessarily automatic.

3) Check for cash back bonuses on new accounts. A number of cards offer up-front cash back bonuses to new cardholders, and the increased spending during the holidays are the best time to quickly reach these spending tiers and earn additional  cash. In nearly every case, the consumer needs to spend a certain amount of money on the card during the first three months of being a cardholder. Examples of cards with up-front bonuses include Chase Freedom ($100 bonus if $500 is spent within three months), Capital One Venture One (10,000 miles if $1,000 is spent within three months), Citi Dividend Platinum Select ($100 bonus if $500 is spent within three months), BankAmericard Cash Rewards ($100 bonus if $500 is spent within three months) and Blue Sky from American Express ($100 statement credit if $1,000 is spent within three months).

4) Pay attention to reward limits. Some cards have a limit on the bonus. As an example, the Discover More card offers five percent cash back but only on the first $300 in purchases each quarter. After you reach the rewards limit on one card, stop using that card and switch to another card in order to maximize your rewards.

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