5 Black Friday Credit Card Strategies To Add To Your List

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In addition to writing my own content, I contribute to money-saving articles written by top talent in the smart shopping, beauty, and personal finance space. The post below from Forbes.com is the latest!

 Written by Kimberly Palmer

Now that you can almost smell the turkey roasting in the oven, you might be in the mood to shop: NerdWallet’s 2018 Holiday Shopping Report found that the nation’s consumers plan to spend an average of $776 on gifts this year, which is $116 more than they said they planned to spend last year. 

They’ll also be buying more of those gifts with credit cards — almost three-quarters of shoppers surveyed said they plan to buy presents with a credit card, while just 58% of shoppers said that last year. They estimate it will take them just over three months to pay off those purchases. Meanwhile, more than 1 in 4 people who purchased gifts with credit cards last year are still paying off those balances today.

Smart shoppers know that having Black Friday credit card strategies beats shopping unprepared! Here's how to get ready for black friday shopping. #blackfriday #blackfridayshopping #blackfridaydeals #creditcards #bestcreditcard #creditcardtips

Smart shoppers know that having Black Friday credit card strategies beats shopping unprepared! Here’s how to get ready:

Choose a store card if you’ll be shopping at one merchant

“Store cards, like the Target and Kohl’s cards, often offer extra perks, but watch out for steep APRs,” says Trae Bodge, a shopping expert and founder of the website truetrae.com. “Shoppers can really benefit from using these cards, but only if they pay them off in full every month.”

She says that she shops a lot at Amazon, so she uses the Amazon Prime Rewards Visa Signature card for 5% back on her Amazon and Whole Foods purchases.

Act now for a sign-up bonus

If you’re thinking of applying for a new credit card soon, consider getting it before Black Friday so you can earn any available sign-up bonus, Bodge says. You typically have to spend a certain amount on the card within a few months of opening it, so getting the card now can help ensure you hit the required spending amount with your holiday shopping.

Click here to read the full article on Forbes.com.

Follow Trae Bodge:

Smart Shopping Expert

Trae Bodge is an accomplished lifestyle journalist, TV presenter, spokesperson, and educator, specializing in beauty, tech, apps, toys, gift guides, and smart shopping. She has appeared as an expert on dozens of TV shows and radio networks, including Today, Rachael Ray Show, Inside Edition, CNN, Reuters, CNBC.com, Sirius Radio, and numerous FOX, ABC, CBS and NBC affiliates. Trae has been featured as a beauty tastemaker in Elle, Redbook, InStyle, and Essence, and her work has appeared on Yahoo Finance, Marketwatch, USNews.com, Credit.com, CBSNews.com, Time.com.

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