The holiday season is not just a time for cheer and festivities; it's also a prime shopping season. Smart shoppers can use of a credit card to fund their purchases while enjoying some additional benefits. From earning rewards to managing spending, understanding how to effectively use your credit card is one way to enhance your holiday shopping experience.
1. Rewards
Using a rewards credit card during the holidays is a smart move. Not only do you get the usual benefits like points, cashback, or miles, but many credit cards also offer special holiday promotions. For instance, some cards, like KEMBA’s Platinum or Signature Visa, may offer additional rewards or cashback when you spend a certain amount during the holiday season, maximizing the value of every dollar you spend on gifts and festivities.
2. Track Holiday Spending
One of the significant advantages of using a credit card for holiday purchases is the ability to track your spending. Credit cards make it easy to create a budget and monitor where your money goes, which is important during an often-hectic shopping season. Additionally, setting up fraud alerts and spending notifications can keep your account secure and prevent overspending, ensuring you stay within your designated holiday budget.
3. Balance Transfers
Post-holiday debt can be a challenge, especially debt accumulated with high-interest store cards. Using a balance transfer to consolidate debt onto a credit card with a lower interest rate can be a wise decision. For example, some credit cards offer a 0% APR on balance transfers made within a specific period after opening the account. This can significantly reduce the interest you pay and help manage debt more effectively. It is important to be mindful of the standard rates that will apply after the promotional period.
4. Christmas Club
Planning for next year's holiday expenses can start today. With a Christmas Club account from KEMBA, you can set aside money throughout the year specifically earmarked for holiday spending. This dedicated saving strategy can help alleviate the financial stress of holiday shopping, allowing you to enjoy the season without worrying about the impact on your monthly finances.
KEMBA Can Help
Navigating holiday expenses with smart financial tools and strategies can transform how you manage your holiday spending. At KEMBA Financial Credit Union, we offer a variety of products to help you optimize your shopping this season, from rewarding credit cards to a convenient Christmas Club account.
Explore how our credit card options can enhance your purchasing power and provide valuable rewards this holiday season. For more tailored financial advice or to set up a Christmas Club account, we invite you to visit our homepage or stop by a local KEMBA branch. Let us assist you in making the most out of your holiday spending and beyond.