Many people will most likely have to scale back their holiday spending this year given the economic uncertainty ahead. Finding creative and frugal ways to save money and/or stretch holiday budgets further is a top priority in many households.

One way to do that is to use a credit card in place of a debit card, cash or check for all of your holiday shopping. Several credit card issuers will be serving up holiday shopping promotions this year.

Discounted Shopping

With a grim retail sales report expected this holiday season, many retailers will be offering huge discounts and great deals on many of the season’s most popular items to compete for your money.

In the case of Discover Card, the company has partnered with one of the nation’s largest mall developers to offer a $20 Discover gift card on purchases totaling $200 when made with a Discover credit card at a participating mall location.

The promotion begins last years. All you have to do is take your original purchase receipts to the participating mall’s customer service desk to receive your gift card while supplies last. This bonus is available in addition to the cash back you would normally earn on most Discover credit cards.

Credit card issuer Capital One also offers savings of up to 40% off on featured deals and 10% off everything else through it exclusive shopping website when you use a Capital One credit card. The Capital One® Saving Zone SM is available through Yahoo! Shopping and features items for the home, men, women, kids, jewelry and more.

Additional Cash Back

Using a cash back card to save money on every purchase is the overwhelming choice of consumers. Cardholders can earn up to 5% cash back, but are often subject to tiers and/or limitations.

However, some credit card issuers are opening the proverbial floodgates to cardholders with additional cash back bonuses available at partnership retailers or through the issuer’s exclusive shopping website.

For example, Discover Card offers 5% to 20% cash back when cardholders use Discover’s exclusive shopping website to make purchases at over 100 top retailers. Retail partners include big names like: Barnes & Noble, Bloomingdale, Circuit City, Kohl’s, Sale’s and many more.

City cardholders won’t be left out either. City’s Bonus Cash Center SM gives its customer something to smile about too. Cardholders can earn an average of 5% cash back on purchases made through the website and 4% cash back on purchases made in-store. Visit the City Bonus Cash Center SM website to see if your credit card is eligible and to register.

There is no limit to the amount of cash back rebate you can earn and all purchases do not apply towards annual caps or restrictions. You can also buy gift certificates at any participating retailer to earn 5% cash back.

Another year of braving holiday crowds or shopping from the convenience of your computer can add up to some significant holiday savings this year when you use your credit card. Each of the programs is subject to its own terms and conditions, but understanding them and using them to your advantage will help your holiday budget go further this year. Don’t let these holiday promotions pass you by!

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