[DISCLOSURE: Cards from our partners are mentioned below.]
Rewards credit cards already offer consumers a way to earn cash back, travel credits, and other benefits as they spend. But some credit card issuers go a step further and offers consumers access to online marketplaces where customers can shop at leading brands and gain exclusive discounts or rewards boosts.
Here are four credit cards that offer online marketplaces with great rewards.
Rewards: 5% cash back on up to $1,500 in quarterly purchases at specific retailers or in specific industries, and 1% cash back on other purchases.
Sign-Up Bonus: Discover will match all cash back earned in the first year with this card.
Annual Fee: $0
Annual Percentage Rate (APR): 0% APR for six months on purchases, then 13.49% - 24.49% Variable on purchases & balance transfers APR; 0% APR for 18 months on balance transfers, then 13.49% - 24.49% Variable on purchases & balance transfers APR.
Why We Picked It: Discover Deals offers extra cash back and exclusive discounts when you use this card.
The Online Marketplace: The Discover Deals platform features over 100 partner brands in categories ranging from fashion to travel. Cardholders can access online discounts, coupons for online and in-store purchases, and even bonus cash back at participating retailers.
Drawbacks: You’d have to keep track of the bonus categories, which change every quarter.
Rewards: Two points per dollar for travel and dining and one point per dollar for other purchases.
Sign-Up Bonus: 50,000 bonus points if you spend $4,000 in the first three months.
Annual Fee: $0 the first year, then $95 per year after that.
APR: 17.49% - 24.49% Variable.
Why We Picked It: Frequent travelers can rack up points quickly with Shop Through Chase.
The Online Marketplace: Shop Through Chase can help you quickly amass points for your next vacation. Shoppers simply log in to their Chase account to access offers for extra points at over 200 popular retailers.
Drawbacks: This card is most valuable for frequent travelers—but if that doesn’t describe you, keep looking.
Rewards: Earn 2% cash back: 1% cash back on all purchases with an additional 1% once the cardholder pays the bill.
Sign-Up Bonus: None
Annual Fee: $0
APR: 14.99% - 24.99%* (Variable) APR on purchases; 0% APR for 18 months on balance transfers, then 14.99% - 24.99%* (Variable) APR.
Why We Picked It: Citi offers seamless cash back accumulation and ease of redemption.
Drawbacks: There’s no sign-up bonus.
Rewards: Two points per dollar on up to $6,000 in U.S. supermarket purchases per year and one point per dollar spent on other purchases.
Welcome Offer: 10,000 bonus points when you spend $1,000 in the first three months.
Annual Fee: $0
APR: 0% for 15 months on purchases, then 14.49%-25.49% Variable APR.
Why We Picked It: American Express provides many ways to browse offers.
The Online Marketplace: Using your account, an online app, or even social channels like Facebook Messenger and Twitter, cardholders can earn bonus points by shopping Amex Offers. You simply find the deals you like, “add” them to your card, and then make a qualifying purchase. Bonuses will be applied within 90 days of an offer’s expiration date.
Drawbacks: Depending on your timing, you might have to wait a bit to access your extra rewards.
Choosing a Card with an Online Marketplace
Online marketplaces add value with exclusive discounts or additional rewards. The right credit card should align with your spending habits, provide rewards you’ll actually use, and include reasonable fees and APR.
Many credit card issuers make their online marketplaces compatible with some or all of their offered credit cards. If you find an online marketplace you like, you should look at every eligible card before arriving at a decision.
If an online marketplace doesn’t feature merchants or brands you like, it won’t offer much value to you. And while exclusive offers are appealing, they won’t always make up for higher prices—so make sure to shop around.
What Credit is Required for This Type of Card?
Rewards cards with online marketplaces will often require good or excellent credit. Before you apply, you should check your credit score to make sure you have a good shot at approval. You can check your credit report for free at Credit.com.