Credit card video: Holiday shopping tips

Getting the most from rewards cards

Connie Prater: The holiday season is here again and there are many ways to give. But before heading to the malls, shoppers should be prepared.

I’m Connie Prater, Senior Writer at

Gail Cunningham, national spokeswoman for the National Foundation for Credit Counseling, gives us advice on things to watch out for during this holiday season. The first thing: Debt regret.

Gail Cunningham: In an ideal world, we would not charge more than we could pay when the bill arrives, and in a worst-case situation, don’t charge more than you can repay within three months. I have seen lots of Januarys where people’s “Ho ho ho,” turned into “Oh oh oh.”

CR: As the economy worsens, and credit tightens, layaway is an option many families are turning to this year.

GH:Layaway is really the antithesis of credit; you see something you want, you go into a store, you put a little bit of money down, the store puts it back, you make payments and increments over time, and when you own it, then you bring it home.

CP: You may already be protected and not know it. Many credit card companies offer extended warranties and protection programs on items purchased with credit card.

GH: This is an ideal time for any consumer to call the bank, the issuer of the credit card, and inquire what protections come with that card. They may not even be aware that they have certain warranties and protection.

CR: Keep those important tips in mind before you go shopping this year.

For, I’m Connie Prater, Senior Writer.

For more news and advice, go to

As the holidays approach, there are many ways consumers can prepare for shopping. Before hitting the malls, beware of debt regret, don’t forget buying options such as layaway and make sure you call your credit card company to find out what warranties you may already have. 

Credit Card Rate Report Updated: August 21st, 2019
Cash Back

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.