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
http://www.creditcards2go4.com For credit card advice please
visit here
http://www.creditcards-gb.co.uk/creditcardadvice.html
