For many of us, the countdown to February 14 brings with it an increasing level of stress as we struggle to find a great present, make a reservation at the right restaurant and, most importantly, find a way to pay for it all.
In support of your plight, CardHub has identified a number of ways to ease the pain that love inflicts on your wallet. From seasonal discounts for existing cardholders to new cards offering the kinds of low rates and lucrative initial rewards bonuses you need to cure Cupid’s hangover, we’ve got you covered!
Card Hub surveyed the nation’s largest credit card issuers to determine how they plan on expressing their love for their dear customers this Valentine’s Day. Here’s what we learned:
These Amex Offers are accessible via your American Express account on the website or app, and if you sync your card with social media sites like Facebook and Twitter.
|Merchant||Offer||Start Date||End Date|
|Drybar||Spend $50, Get $10||1/21||3/31|
|Henri Bendel||Spend $200, Get $50||1/15||2/15|
|Teleflora||Spend $50, Get $15||12/15||2/14|
|City Sports||Spend $100, Get $20||1/19||3/16|
|Godiva||Spend $50, get $10||2/2||3/2|
|Exhale||Spend $100, get $20||2/3||2/28|
|1800flowers.com||Spend $50, Get $15||1/20||3/31|
- American Express Travel: Save 20%-40% on hotels when booked by 2/28 for travel between now and March 15 ( www.amextravel.com)
Barclays is offering a number of Valentine’s Day discounts in partnership with Upromise. For example:
- 50% Off: YouFlowers.com
- 20% Off: Proflowers,
- 15% Off: Personal Creations, 1-800-FLOWERS
Capital One’s World and Signature customers can use the company’s concierge service. The concierge services offered are different for each product (World and Signature). For example, the Visa Signature Concierge service can help customers find tickets to the top sports and entertainment events, book travel, make dinner reservations, and even help you find the perfect gift.
Chase Freedom cardholders have the opportunity to earn additional cash back throughout the year with Chase Freedom’s Cash Back Boost, which handpicks offers from popular retailers to make it easier to find something rewarding for every shopping season. The following offers are available for Valentine’s Day:
- Extra 14% Cash Back: ProFlowers
- Extra 5% Cash Back: Shari’s Berries, Chocolate Chip Delights, FTD and Cherry Moon Farms
Discover is offering 5% cash back on Gas and Ground Transportation this quarter. Plus, with Valentine’s Day on the horizon, cardmembers can earn cash back by shopping online through Discover Deals, the company’s online portal. Below is the full list of merchants showcased in the Discover Deals Valentine’s Day category:
- 25% Cash Back: FTD
- 20% Cash Back: 1800Baskets.com, 1800Flowers.com, Cheryl’s, Teleflora, The Popcorn Factory online, Fannie May Candies, Bliss
- 15% Cash Back: Saks Fifth Avenue, Brookstone.com, Jewelry.com
- 10% Cash Back: Macy’s, Sephora, Clinique, Lord & Taylor, Bumble and bumble, CHEFS Catalog, Saks Off 5th, Smashbox, Starbucks, Godiva, Zales
PenFed Visa cardholders can take advantage of three great Valentine’s Day merchant deals with Teleflora.com, BlueFly.com, and Shop.com.com when they enroll in Visa Checkout.
- Teleflora.com: Fresh flowers hand-delivered daily. Get 40% off your purchase when you use Visa Checkout.
- Shop.com: Spend $25 and get a free $15 gift card with use of Visa Checkout.
- Bluefly.com: Get free 2-Day shipping when you use Visa Checkout.
Wells Fargo credit card customers can earn rewards and enjoy special offers while shopping at their favorite online and in-store retailers through the Earn More Mall® Site. With the approach of Valentine’s Day, offers through the Earn More Mall Site include discounts on flowers, travel, gourmet treats and more for truly special gifts. Customers can earn up to 20 bonus points per $1 and shop their choice of over 10,000 popular merchants, including 1-800-Baskets.com®, Godiva.com, Ice.com, Macys.com, and SharisBerries.com.
You obviously won’t be able to get a new credit card in time for Valentine’s Day, but if you’ve been planning to go big with your present this year, you can certainly set yourself up for savings down the road. Whether it’s a balance transfer deal that prevents Valentine’s Day interest from haunting you for months to come or an initial rewards bonus that enables you to give the gift of a spring or summer vacation, these cards will score you major points with both your Valentine and your bank account.
- Paying Off Debt: Slate Card from Chase – This card offers 0% on balance transfers and purchases for 15 months and doesn’t charge either a balance transfer fee (for transfers made during the first 60 days) or an annual fee. You can therefore transfer any debt that you incur in the coming days to this card in order to avoid interest in the holiday’s aftermath.
- Getting Some Extra Cash: Chase Sapphire Preferred Card – Charging $4,000 to this card in the first three months will get you a 40,000-point initial rewards bonus, redeemable for $500 in travel accommodations (when redeemed through Chase Ultimate Rewards) or a $400 statement credit. That means you can use it to either effectively subsidize what you spend now or better afford a promised present down the line.
- Scoring a Free Trip: Barclaycard Arrival Plus Card – Spending at least $3,000 in the first three months that you have this card will get you 40,000 bonus miles, which you can redeem for $400 in travel expenses. You also get a 10% mileage discount when you redeem for travel statement credits, which gives this card a slight edge over the Venture Card from Capital One’s similar rewards structure. Ultimately, this Barclaycard is a great way to make up for a lackluster Valentine’s Day with a nice weekend getaway! There is no annual fee for the first year ($89 thereafter).
- Saving Everyday: Citi Double Cash — You get 2% cash back on all purchases made; 1% on purchases made and another 1% when you pay off your balance and it has no annual fee (up to By using this card to save a little bit every day, you’ll be able to afford that family vacation or V-Day present you’ve had your eye on for a while now.
- Improving Your Credit: Harley-Davidson Secured Card – There’s nothing sexier than a good credit score! Truthfully. Good credit signals responsibility and saves you money – a lot of it. They Harley-Davidson Secured Card can help put you on the path to such perks.It doesn’t charge an annual fee, and anyone can get approved for it as long as they place a refundable security deposit of at least $300. The deposit will serve as your credit line, ensuring you won’t overspend, and as long as you pay on time every month the information that gets reported to the credit bureaus will be positive.
- Try to Beat Average: The average person Valentine’s Day celebrator is expected to spend $142.31 this year, according to the National Retail Federation. Make it your mission to spend less than that amount. In so doing, you’ll be giving yourself a budget and turning frugality into a competition.
- Celebrate During the Day: Celebrating while it’s light out opens up a number of cost-effective activities, from picnics to scenic hiking. Things like restaurant reservations are also easier to come by.
- Buy Discounted Gift Cards: Most people love gift cards, judging from the more than 60% of people who say they want one each holiday season. If you decide to get one for your sweetheart, make sure to shop at an online gift card exchange like the one Card Hub offers in order to pay well below face value.
- Cook & Eat Out the Following Night: Not only is cooking for your partner a gift in itself, especially if you aren’t the one who usually does it, but staying in on high-traffic Valentine’s Day will also enable you to beat the crowds and get the reservation you want the next night.
- Use Credit Card Rewards: When was the last time you redeemed your credit card’s cash back, miles or points balance? If it’s been awhile, consider using your earnings to celebrate your love. This is especially beneficial if you’re dealing with points or miles, as it will enable you to avoid rewards devaluation.
- Recreate Your First Date: Chances are your first day was relatively inexpensive. That means recreating when the sparks first flew is not just a thoughtful, romantic gesture – it’s also a frugal one. Just make sure not to blow it this time around!
- Think Thoughtful, Not Expensive: Some people love material items, yes. And if you’re married to one, good luck to your wallet. For everyone else, keep in mind just how far imagination and sentimentality can take you. Recreating your first date is one example of this, but there are countless ways that you can woo your boo on a budget. Just think about the most special times you’ve spent together, inside jokes you share, important occasions, shared interests, etc. and the ideas will start coming to you.
- Sell Your Reservation: There probably isn’t time to do this in 2015, but if you really want to take things to the next level next year, think about what restaurants and attractions will be most popular on Valentine’s Day and book reservations well in advance. Then, when the place inevitably fills up, you can offer to sell your spot to another couple that you know. If you play your cards right, you’ll be able to pay for your own celebrations.
- Relax with Redbox: Watching a movie at home, whether it’s from Redbox or On Demand, is great way to bond with your sweetheart at very little expense. It’s also an opportunity to turn the lights down and get your cuddle on!
- Look for Daily Deals: While you might be growing tired of endless e-mails from sites like Groupon and LivingSocial, paying especially close attention to them for at least one more week could really pay off. Countless Valentine’s specials are going to be offered; you just need to be decisive when the right one catches your eye.
** Numbers may exceed 100% in total due to double counting.
Ask The Experts: Examining the Economics of Love
- Do you have any tips for saving money on Valentine’s Day celebrations?
- What do you believe recent Valentine’s Day trends say about consumer spending habits?
- Is Valentine’s Day, in its current form, based more in history or corporate influence?
- To what extent is Valentine’s Day a major marketing/branding success?
- Is Valentine’s Day losing its luster?