Holiday Shoppers Plan to Avoid Debt this Season - Other News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Holiday Shoppers Plan to Avoid Debt this Season

Holiday Shoppers Plan to Avoid Debt this Season

Holiday Shoppers Plan to Avoid Debt this Season
The content is accurate at the time of publication and is subject to change.

Data from the latest The American Express Spending & Saving Tracker survey has been released which indicates that the average American holiday shopper can be expected to spend in the neighborhood of $831 on gifts this season. That figure is 17% greater than the average amount spent last year, which was $710.

The National Retail Federation has estimated that the average amount that Americans will spend this holiday season is roughly $520 per shopper, while the American Affluence Research Center has predicted that affluent consumers can be expected to spend around $2,270 when purchasing presents. These amounts were both lower than last years` numbers, however both the NRF and the AARC believe that more Americans will be out shopping this year as compared to in 2010.

The American Express survey found that the vast majority of shoppers will be on the lookout for discounts and deals, and many plan to shop during Black Friday and Cyber Monday in order to take advantge of some of the tremendous savings offered by retailers.

“Consumers are savvier than ever, and they have memorized the holiday retail narrative. We`re continuing to see consumers employ a range of tactics to stay within budget and, at the same time, maximize their gift-giving potential,” said Pam Codispoti, an executive in the consumer car services division at American Express as reported by Fox Business.

Many of the respondents that participated in the American Express survey claimed that they would not take money out of their savings so that they could put it towards gifts. Instead, 28% plan to redeem their credit card rewards program points to obtain gifts when possible while 19% anticipate taking advantage of offers, deals and sales extended through various social media outlets. The survey also discovered that 25% of participants will utilize their cellular phone or mobile device to assist them in holiday shopping for purposes such as browsing for gift inspiration, comparing prices and accessing social media sites in search of special deals. Meanwhile, 6% indicated that they foresee making a purchase via their mobile device.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

The Newly Revamped Hawaiian Airlines World Elite MasterCard

Posted: July 20, 2018

Vacationing in Hawaii can be a dream for many, and those with the recently upgraded Hawaiian Airlines World Elite MasterCard and Hawaiian Airlines Business MasterCard can earn miles towards a trip quicker with the cards newly revamped ... Continue reading
Getting Cash Back When Flying With Aerolineas Argentinas

Posted: July 19, 2018

There is a new Amex Offer on the table for people who are thinking about flying with Aerolineas Argentinas, giving them $100 in cash back when booking flights with the airline. To get the deal, travelers must spend $500 or more. Continue reading
American Express Cardholders Get Free Amazon Prime

Posted: July 18, 2018

If you have an American Express credit card you may find a special offer in your inbox, one letting you take Amazon Prime for a test drive for free for three months. This offer is available until July 23rd, 2018, or until 160,000 people ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants,, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 15.74% - 25.74% based on your creditworthiness*
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!