Last Minute Christmas Shopping

This year people are planning to spend more on Christmas than they did last year. Thereâ s only one week to go now until the big day and analysts are saying around  12 billion will be spent in this last week before Christmas.  2.1 billion of the  12 billion will be spent on credit cards which equates to 18 per cent of the total UKâ s spending this week, an incredible percentage! This year weâ re spending approximately  3 billion more than was identified this time last year.

Credit cards are a very quick and easy way to pay for your Christmas shopping but also can provide good rewards if you use them wisely. Credit cards also provide a certain degree of security because they save you from withdrawing and carrying cash around whilst Christmas shopping.

You need to ensure you choose the right credit card for your circumstances because they all offer different incentives and have varying terms and conditions. For example some credit cards offer 0 per cent on purchases for an introductory period, ideal for last minute Christmas shopping. Some credit cards offer these 0 per cent deals plus cash back or reward points, so depending on how much youâ re likely to spend, it may be worthwhile considering a cash back credit card if youâ re planning on a very big spend. Some supermarket credit cards will offer higher cash back or rewards in store when you use the card to pay for goods bought from them â " again if youâ re buying your Christmas food, wine and beer from a supermarket that offers a credit card why not take advantage of them this year?

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