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®From electronics to home decor to furniture, retailers are pulling out the stops to offer great Labor Day sales — and much of your shopping can be done from the comfort of your home.
Unfortunately, prices for goods have been on the rise. The July 2021 Consumer Price Index from the Federal Reserve announced that all items, subtracting food and energy, rose 4.3% in price over the last 12 months. This means that your dollars from last year are worth roughly 4% less this year. So any sales you take advantage of can help hedge against rising cost of goods.
Retailers are looking to push old inventory out to make way for the upcoming holiday season, and you can benefit from that effort. And with the right strategy and rewards credit card, you can see significant savings this Labor Day.
Retailers with big Labor Day sales
The offers mentioned below are no longer available.
Here are a few large retailers with Labor Day sales this year. However, supplies are limited with each of these deals. If you are unable to secure a deal online, consider calling a location near you to see if they have the item in stock.
Best Buy: Deals last until Sept. 16. Large appliance deals include up to $300 in e-gift cards with certain purchases and free delivery on appliances costing $399 or more. There are also deals on small appliances, including up to $150 off vacuums.
Home Depot: Up to 30% off select furniture and decor, up to 40% off select bath items and up to $80 off outdoor power equipment. Select small appliances are up to 40% off. Select appliances are up to 40% off through Sept. 16.
Overstock: Up to 70% off on a long list of items, plus free shipping.
How you can save using rewards credit cards
You can use a rewards credit card to help you save even more this Labor Day. Here are a few points to consider before using your card in person or online.
- Score a welcome bonus: If you sign up for a new credit card, you will have the opportunity to earn a welcome offer. For travel rewards credit cards, this typically looks like a large sum of rewards that can be redeemed for flights or hotels. If you choose a cash-back credit card, you will be able to save even more on your purchases if you use the cash back to cover the costs of your purchase.
- Cash back is an easy win: A cash-back credit card, like the Chase Freedom Flex®, will allow you to recoup some of the cost on each of your purchases.
- Individual credit card offers: Credit card issuers have programs, such as Chase Offers and Amex Offers, where they offer discounts to cardholders at specific retailers. Before shopping, be sure to check your credit cards to see if they offer shopping deals like this.
- Purchase protection: When you use a credit card with purchase protection, your purchase is automatically protected for the first 90-120 days of ownership, generally against theft and/or damage. Each card offers different coverage, so be sure to research the specific policies and what types of items are covered.
- Return protection: Buyers remorse is something consumers can be all too familiar with. If you are displeased with a purchase you've made, and the retailer will not accept your return, you can file a return protection claim if your credit card offers it. Several American Express cards offer this policy, including the *Delta SkyMiles® Reserve American Express Card and the *Marriott Bonvoy Brilliant® American Express® Card. Terms apply.
The best credit cards for Labor Day sales
If you plan on taking part in any Labor Day sales, whether online or in-person, consider using one of the credit cards listed below to maximize your purchases. These cards either offer a good welcome bonus, purchase protection, solid rewards on everyday spending or an intro 0% APR period.
Chase Sapphire Preferred® Card (See rates and fees): The Chase Sapphire Preferred is currently offering 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
American Express Platinum Card®: The Amex Platinum is an outstanding travel card. It offers a long list of benefits, including airport lounge access, *travel insurance and valuable rewards for your spending. With this card you may be eligible for as high as 175,000 Membership Rewards® points after you spend $12,000 in eligible purchases on your new Card in your first 6 months of Card Membership*. It also offers great purchase and return protection.
Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
Citi Double Cash® Card: The Citi Double Cash Card is a simple, yet effective cash back credit card. You can earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back. You will earn 2% cash back on all of your purchases, 1% when you buy plus 1% as you pay. The card has no annual fee and comes with valuable features like a 0% intro APR offer on balance transfers for 18 months. After that, it increases to 18.24% - 28.49% variable on purchases and balance transfers. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening. (see rates and fees).
Blue Cash Preferred® Card from American Express: The Amex Blue Cash Preferred is a valuable, low annual fee cash-back credit card that gives excellent returns. You will earn 6% cash back on groceries (up to $6,000 per year in eligible purchases, then 1%) at U.S. supermarkets, 6% cash back on streaming services, 3% cash back on transit costs, 3% on gas at eligible U.S. gas stations, and 1% cash back on everything else. There is a $0 intro annual fee for the first year, then $95 (see rates and fees).
New cardholders can apply and find out your welcome offer. As High As $300 cash back* after you spend $3,000 in purchases on your new Card within the first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply, and if approved: 1. Find out your offer amount 2. Accept the Card with your offer 3. Spend $3,000 in 6 months 4. Receive the cash back. *Cash back is received in the form of Reward Dollars that can be redeemed for a statement credit or at Amazon.com checkout.
U.S. Bank Visa® Platinum Card: While cash back and travel rewards are always great to earn, sometimes payment flexibility is the most important factor. With the U.S. Bank Visa Platinum Card, you will have an outstanding 0% introductory APR on purchases and balance transfers for 18 billing cycles. After that, it increases to 18.24% - 29.24% variable APR. Balances must be transferred within 60 days from account opening. Unfortunately, the card doesn't earn any rewards. However, the card does not have an annual fee.
Chase Freedom Unlimited®: The Chase Freedom Unlimited has many stand-out features, including excellent cash back categories and an intro 0% APR offer. If you need payment flexibility, the card offers 0% intro APR on purchases for the first 15 months on purchases (then 18.24%–27.74% variable; see rates and fees).
With the Freedom Unlimited, new cardholders earn 5% cash back on travel purchased through Chase Travel℠, 3% cash back on drugstore purchases and dining at restaurants (including takeout and eligible delivery service), and 1.5% on all other purchases.
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Information about the U.S. Bank Visa Platinum Card and Chase Freedom Flex® has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
For rates and fees of the Blue Cash Preferred® Card from American Express, click here.
*Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
*The American Express Platinum Card® Welcome Offer: To view your personalized offer, you must first submit an application. If approved, you will: (1) receive your Welcome Offer details, (2) have the option to accept the Card with that offer, (3) be required to spend $12,000 on eligible purchases within the first 6 months of Card Membership, and (4) earn Membership Rewards® points. Welcome offers vary and you may not be eligible for an offer. Terms apply.
