This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

3 Credit Cards That Are Great for Back-to-School Shopping

NEW YORK (TheStreet) -- August is the high season for back-to-school shopping, when parents are looking for ways to save some cash but not lose out on supplies a family needs once the school bell rings.

That’s where the right credit card -- one with good introductory offers, cash back on purchases and low fees -- comes in handy. Lucky for parents,  MyRatePlan.com offers a strong list of credit cards meeting those qualifications and helping keep spending down for the coming school year.

Since the average U.S. family is expected to spend $669 on school supplies this year, according to the National Retail Federation, any way to save a few bucks should appeal to back-to-school shoppers. Here’s a glimpse of the cards the website rates the highest:

Read More: New Paths to College Financing Include 2-Year Schools, Fewer Loans

Discover It For Students: This card might especially be good for college students, as it offers a six month introductory deal with 0% APR on all purchases. That will buy consumers some time before paying interest on all the items on their back-to-school shopping list.

Card users can double their rewards at gas stations and restaurants with 2% cash back on up to $1,000 in combined purchases each quarter. They also always earn 1% cash back on all other purchases. Online shoppers can earn 5% to 20% cash back at 200 Web retail sites including the Apple Store, Macy's and BestBuy. The card also offers a free FICO score on all of their monthly statements.

A similar card from Discover -- the Discover It Chrome For Students -- offers the same benefits plus text alerts that give cardholders "payment due" notifications a few days in advance.

Read More: 5 Steps to a Better Dorm Room for College Freshmen

Barclaycard Ring MasterCard: The Barclaycard offers consumers no balance transfer fee or annual fee, and it also offers an 8% annual percentage rate for all balance transfers -- one of the lowest APRs in the marketplace. It also offers a free FICO score for cardholders. The card also has some democratic appeal; Barclay lets online community members vote up or down on various card features. 

Regular card use and a prompt payment history can earn cash back through the card’s Giveback Program. But it’s the 8% APR that should really get parents’ attention for back to school shoppers.

Chase Sapphire Preferred Card: The Chase card offers 40,000 bonus points redeemable for $400 in cash, as long as you spend $3,000 during the first three months you own the card. You can also earn 5,000 bonus points after you add the first authorized user and make a purchase in the first three months you own the card. And there's no annual fee in the first year you own the card.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs