Sunday, November 27, 2005
Holidy Shopping Tips
Christmas time. The celebration of capitalism. The time to move money around the economy by buying gifts for people.
Pundits and the like have decided to offer us some tips on how to make the most of this celebration. This article attempts to offer some sage advice. I'll just pick on the first one.
First you should -- "Use a credit card that offers a cash rebate. Put all your holiday purchases on the same card and pay it off when you get the bill. Do not let it slip into next year."
This sounds great. Nowehere does it say you should have saved up during the year for Christmas. I do agree with the cash rebate part (I myself have the 2% Costco/AMEX card) but often times the max rate you can earn is contingent upon carrying a balance. If one rolls a balance for a while, where's the rebate going? To pay for the interest.
Pundits and the like have decided to offer us some tips on how to make the most of this celebration. This article attempts to offer some sage advice. I'll just pick on the first one.
First you should -- "Use a credit card that offers a cash rebate. Put all your holiday purchases on the same card and pay it off when you get the bill. Do not let it slip into next year."
This sounds great. Nowehere does it say you should have saved up during the year for Christmas. I do agree with the cash rebate part (I myself have the 2% Costco/AMEX card) but often times the max rate you can earn is contingent upon carrying a balance. If one rolls a balance for a while, where's the rebate going? To pay for the interest.
