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Credit Cards Bring Festive Cheer
By: Peter Kenny
Christmas is almost upon us once again and the worry of meeting the demands that
it has on our finances comes to the fore. Many will get themselves into a level
of debt that they cannot sustain and if it’s paid for with your current credit
card or god forbid a store card, then the expenditure will be worse with the
addition of the interest charges that come with your plastic.
Use your credit card wisely…
This does not mean we should be avoiding using our plastic over the festive
season, far from it, as apart from having the cash to pay for your goods and
leaving you without any debt, the credit card is the next best thing in getting
your gifts, festive food and drink in, without the interest being a problem.
So how do you fancy getting all of this and interest free for nine or twelve
months? Well if you need that bit of breathing space and the Christmas period
sorted interest free, then taking advantage of one of the credit card that are
offering a 0% introductory offer on purchases. These will help ease the burden
and will give you up to 12 months to pay it off, or in other words just in time
for Santa coming back next year!
Keep clear of store cards…
Doing it this way rather than using your current credit card will mean that you
could save around £75 in interest payments if you spent in the region of £500,
which is being claimed that as a nation we spend on average per person. Do not
use a store card to make any purchases as the majority of these credit cards
come with an APR as high as 29.9%.
Other methods that you could use to accommodate your Christmas shopping could be
an overdraft, but always remember to speak to your bank first, as going in to
the red without the permission of the bank, will only see you face charges that
could see you having to pay a hefty interest of almost 30%.
Use a 0% credit card
So the best bet to deal with Christmas this year is to take advantage of a 0% on
purchases credit card and budget for what you will have to pay back each month,
so that when the 0% period is over, you will have a clear balance and no
interest payments to meet, before you have to start dealing with next year and
starting all over again.
So get applying now and have your Christmas sorted and worry free before the big
day is upon you.
About the Author:
Peter Kenny is a writer for creditcards-gb, For additional articles and an
extensive resource for everything about credit cards, please visit us at http://www.creditcards-gb.co.uk
and
www.creditcards2go4.com For credit card advice please visit here
www.creditcards-gb.co.uk/creditcardadvice.html
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