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2016 holiday shopping and credit guide

Summary

Wise use of cards can put money your pocket and keep debt off your back

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2016 holiday shopping and credit guide

 

Temperatures are falling, store displays are changing and credit card bills may be climbing, all in preparation for the fast-approaching holiday season.

American consumers are expected to spend an average of $589 on holiday gifts this year, and total holiday spending is expected to rise 3.6 percent from 2015, according to the National Retail Federation’s annual forecast. Many people are already racking up holiday bills, too, according to CreditCards.com poll. Approximately 34 million Americans had already started their holiday shopping by late September, and 1 million were finished before October even began.

Whether you’re still checking items off your seasonal shopping list or just looking for deals, CreditCards.com has compiled resources you need to get you – and your credit – through the 2016 holiday shopping season:

  • 2016 holiday card perks and rewards: If you’re putting holiday expenses on your cards this year, here’s a sampling of the current card specials that may help you get something back while you’re giving so much.
  • How four families rein in their holiday spending: With pressure to reciprocate gifts and give kids magical holiday memories, how will parents make ends meet – and stay within their holiday spending budgets? These are the stories of how four American families rein in their finances while celebrating the season.
  • Compare best sign-up bonus rewards cards: Want extra funds to put toward holiday gifts or travel? Check out these six credit cards currently offer sign- up bonuses worth $1,000 or more.
  • 7 ways to unstuff your family budget: To plan for the upcoming (and often unexpected) extra expenses the holiday season brings, try unstuffing your budget as much as possible now so you can avoid debt later.

See related: Poll: Holiday retail season starts too darn early

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Credit Card Rate Report Updated: May 23rd, 2019
Business
15.61%
Airline
17.50%
Cash Back
17.60%
Reward
17.62%
Student
17.79%

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