Christmas eve goes credit card crazy
I could hardly believe the figures when I first read about this! Today we’re due to spend £1.5 million per minute as we attempt the last minute, mad dash to finish our Christmas shopping!
Of today’s total £2.14 billion spending spree a staggering £380 million or 18 per cent, will be put on credit cards.
The research from Sainsbury’s Bank also revealed that 1 million people predictthat all of their Christmas shopping will be done today.
With this amount of shopping predicted for just today it’s essential that people look for the best deals when applying for a credit card. Obviously for the £380 million going on credit today people may not have the best credit card deal available but there are no excuses come the New Year.
Get online and shop around for the best credit card deals you can find. In January there will be a number of different credit card providers offering zero per cent balance transfer deals. Make sure you’re aware of the balance transfer fees, usually 2 to 3 per cent of the amount you transfer.
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