If you’ve got a few friends graduating this year, it may be time to whip at your credit card. As previously reported, issuers tend to offer seasonal discounts through their bonus malls or via Twitter that can save customers some cash in the long run. Here are some of the better deals issuers are offering in anticipation of graduation day.

Nazareth College / Flickr source

American Express is celebrating graduation season by offering its cardholders 5 times the points back on purchases made at select retailers who offer some grad-friendly merchandise.  This includes The Apple Store, The Home Depot, HP, Kohl’s, Saks Fifth Avenue, Land’s End, Omaha Steaks and electronics companies JR.com and TigerDirect.com.

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Cardholders should log into Amex’s rewards website, then click “earn points” to shop at the store’s website. The offers are valid through June 30, 2012.

Over at ShopDiscover, cardholders can also score an extra 5% cash back on electronics from The Apple Store, Best Buy, Circuit City or Dell, but if your friend is thinking about doing some traveling post-graduation, you might want to trade in some cash back bonus for a partner gift card. A few gifts card with good exchange rates (and booking flexibility) include $80 cash back in exchange for a $100 Travelocity gift card or $40 cash back for a $100 gift certificate good at Hyatt hotels.

Additionally, if the grad in your life is a bookworm, you may want to take ShopDiscover up on its offer of extra 20% cash back on Barnes and Nobles purchases.

If your friend or family member plans on moving post-graduation, you may want to buy some household necessities. MasterCard is offering double points back on Home Depot purchases in its online marketplace. You can also get double points plus up to 40% off back on Lowe’s purchases.

If you’re looking for a sentimental or personalized gift, Chase is offering 10 extra points back on each dollar spent at Red Envelope.

Bank of America is also offering six extra points back per dollar spent at Red Envelope in its WorldPoints mall. The bank is featuring deals 7 points back on dollars spent at keepsake retailer Precious Moments and 4 points back on dollars spent at Pottery Barn.

Remember, credit card bonus malls are a great go-to for flowers, chocolates and assorted food baskets, which are nice fail-safes for people who can’t personally attend graduation day celebrations.

Citi’s Bonus Center currently features an additional 6% cash back on online purchases from Harry & David and an extra 10% cash back on in-store purchases made at 1-800-Flowers. 1-800-Flowers is also advertising up to 60% off on purchases to Citi cardholders through June 30, 2012.

Meanwhile, Wells Fargo is offering 10 points back per dollar spent on purchases at FTD.com, ProFlowers and Telefora. The FTD bonus is paired with some special offers, including $10 off on graduation gifts through June 30, 2012.

To find deals offered by your card issuer, follow them on Twitter.


Jeanine Skowronski

Jeanine is an expert in a wide range of personal finance topics, with specialization in consumer banking products and credit.