Christmas credit card

We all know Christmas is an expensive time of the year whether you spend your money on presents, holidays, food or decoration. The average person will spend around £600 this Christmas with some more than others; so people may wonder where they are going to find the extra cash this Christmas for all their festivity spending.

There is a credit card being introduced which will act as a cushion for your bank account when the spending starts in December. It works by rewarding you every time you spend using your credit card, similar to store cards but you do not receive store credit or points which you need to save you will earn money to do what you wish with. Although this will not cancel out any spending it will soften the blow.

The card is not recommended if you are intending on not paying the repayments back in full on time. You will incur charges and the benefit of cash back will be cancelled out by repayment charges, for example, the American Express Platinum card offers a satisfying 5 per cent on all purchases, but failing to make the monthly repayments will open a gloomy interest rate of 18.7 per cent.

If you are struggling to get by the day to day aspects of Christmas then you should consider the abbey essential card, it offers a decent 3 per cent on all purchases on the things like fuel and food shopping, the cash back has a limit of £75 for the first 6 months.

Compare different cards online to find the best deal for you, interest free credit cards are the holy grail of credit cards and should be taken if offered.