CREDIT CARD BLUNDERS TO AVOID WHILE GRABBING CHRISTMAS OFFERS

When the time of holiday shopping in round the corner, it’s actually dangerous to buy gifts during Christmas sale. You should very well understand that it’s wrong when you have just finished paying off the debts for the season last year. Moreover, you would not able to accept the fact that you would be draining your bank account when expenses need to be met. So, with this in mind, we have curated some tips that would avoid credit card blunders.

Don’t be a prey to store credit cards which offer deferred interests. This is something that entices customers while they make up their mind to splurge and dream big with items. The case is different even when stores promise that you won’t have to pay interest till the advertised period ends. For those who don’t take things seriously, such type of interests actually devastates if something goes out of control. According to the experience of a CEO, if in case you fail to pay off you would be charged interest till the introductory period draws to a close.

During holiday shopping you would forget on how much is spent on Christmas gift accessories till you have to settle on bills. We suggest you keep a tab on the holiday expenses and create a list as well as post at a location which catches your eye all the time. It could be your refrigerator or a cabinet where you store things often. You shouldn’t be poor and feel insufficient for spending later on the holidays that are yet to arrive.

Be careful when you go shopping online especially through a Wi-Fi connection inside a coffee shop or a mall. Though public places are your favorites, you shouldn’t forget that these are also in the list of scam artists. There are millions of chances where they would get hold of your credit card information and misuse for their advantage. Last heard, many fraudulent online stores and apps were created just for visitors who would find it safe to key in credit card information. Illegitimate text messages were found by the cops. These were deceptive and asked consumers whether or not they want secret shoppers.

Just similar to deferred interest deals, think twice before you opt for store credit cards. Say ‘no, thanks’ to sales professionals who would be following up with for such cards. Make a choice only when you are shopping regularly or buying Christmas electronics accessories. Do maintain a record of the transactions of credit cards.

Finally, it’s better to forget about rewards on credit cards. A survey revealed that people used their cards just with the prime objective of earning rewards. While this sounds fantastic, a personal finance expert advises individuals that it’s not a good idea of overspending just to grab rewards. Ultimately, you don’t earn anything but would be hungry for getting your account filled with dollars.