With the Black Friday sales and holiday season round the corner, it would be hard to resist temptations of good discounts or bargains. Here are some important points to note in making smart choices and not get cheated.
The results of the holiday shopping survey, conducted by the National Retail Federation has been released, and estimates that consumer spending will go up by at least $689 this year, marginally more than last year. However, if one is not careful enough in doing the necessary homework, one can get cheated as well as feel compelled to buy unnecessary things which could increase bills as well as credit card payments.Some useful tips:
- Never let the credit card go out of sight, especially during this season when the credit card will be frequently swiped. If there is some work happening at home where there are workers, one must be cautious with the credit card. Also, watch out for moments when the credit card has to be swiped in small stores.
- Use coupons as much as possible from websites where credit card companies as well as retail merchants team up to provide discounts. Take a print out of the coupons from the relevant websites.
- Check on the credit cards` return policy in the cardholders` agreement. If there has been a purchase made and the store`s return policy is within 30 days, then one can review the credit cards` return policy and make use of the same.
- Always use credit cards while making purchases online and not debit cards. Credit cards are covered under the Federal rules, debit cards are not, as they come under the electronic fund transfer category. In case of a dispute the credit card company will be able to step in.
- Always set aside an extra 10% for unexpected expenses during this holiday season. There could be few unforeseen expenditure during this season.
- Find out about price matching well in advance. Shopping online could offer a good deal and help save on shipping costs. Big retailers will do the price matching in case the item is found to be cheaper elsewhere.
- Always remember that the bank is watching. Spending more during this season might actually put you up as high risk with the banks.