This is a guest post from NerdWallet, a site that compares rewards credit card offers.
The piece missing from almost all credit card comparisons are the online rewards shopping portals. To help customers save money, numerous credit card companies have loyalty programs such as hotel rewards or frequent flier miles with their own online malls. With these online shopping portals, consumers can make all kinds of purchases at discount prices, or they can earn bonus rewards that can be exchanged for cash, gift cards or credits on their statement.
A lot of these programs boast their 2% cash back and 5% rewards on everyday purchases, but say little about their online malls. It’s really a shame because their customers could be saving an additional 2-20% by buying at the online malls.
Out of the 15 different online rewards centers that we have looked into, ShopDiscover is the winner. Last we checked, 190 different retailers offer deals on the ShopDiscover portal, and out of the 20 most popular shops we looked into, Discover offers better money saving opportunities in 12.
Here are some that stood out to us:
- 5% back from stores like Bloomingdales and Walmart.
- 10% cash back for shoes purchased at Puma and Nike, and books from Barnes & Noble.
- 15% cash back from Groupon, a site that already offers deals like 50% off at restaurants and attractions in your town.
- 20% cash back for flowers from shops like 1-800-flowers and FTD (perfect for Valentine’s Day!)
To sweeten the pot, Discover has also offered additional bonus promotions at various times of year. These past holidays, they had a variety of merchants double their discounts, like Sears and Dell, which offered 10% back on purchases for a limited time, rather than the standard 5%.
Who wants to deal with crowds when you can sit at home and earn cash back rewards all year long in your underwear? Some shops like Blue Nile even offer free shipping. So skip the lines, save your sanity, save on gas, and save money with nothing but your credit card and an internet connection.
Note, NerdWallet gets paid for some cards reviewed on the site. These are labeled “Sponsored.”