1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Holiday Savings Expert Teaches Consumers How to Save $270 on Holiday Shopping Using Credit Cards

With the kickoff of holiday shopping season, Go Banking Rates savings expert, Jennifer Calonia, confronts credit card users with the realities of using credit cards for gift purchases recklessly.

 
 
best way to pay off credit cards
best way to pay off credit cards
PRLog - Nov. 21, 2012 - EL SEGUNDO, Calif. -- Consumers are expected to spend an estimated $750 on holiday purchases this year, according to the National Retail Federation. While retailers are flooding their aisles with discounts and deals, Go Banking Rates emphasizes the dangers of the holiday debt hangover when using credit cards to pay for shopping expenses.

“While bargain hunters earnestly believe they’re saving money by buying discounted goods,” explains Ms. Calonia, “the savings falter once credit card interest rates are calculated into the equation. Shoppers who fail to keep their shopping under control can easily get carried away with the hype surrounding consumer-driven events like Black Friday.”

In her feature, Ms. Calonia demonstrates how seemingly harmless holiday purchases, like a bicycle or iPad add up in terms of credit card interest rates over time, and their dire effect on shoppers’ wallets after hundreds of dollars in interest racks up.

While her investigation cautions against over-using credit cards as a method of payment, Ms. Calonia supports credit card use as long as two specific rules are maintained by holiday shoppers.

Employing the conventional credit card practices that Ms. Calonia encourages helps consumers avoid the mounting credit card debt so many Americans face in the month of January.

Click here to read the full article. (http://www.gobankingrates.com/credit-card-rates/black-fri...)

Jennifer reports on personal finance, with a specialty in saving money, budgeting and lifestyle. She is available to comment on any of these topics and can be reached via e-mail.

About Jennifer Calonia

Jennifer Calonia (https://twitter.com/Go_Jenn) is a reputed journalist covering personal finance subjects like banking, saving money and debt. Her features and helpful savings tips encourage and empower households across America to achieve financial balance.

Her work is featured in major publications like US News & World Report, Yahoo!, Yahoo! Finance, LearnVest, Business Insider, Can Do Finance and Consumerism Commentary. Jennifer’s next project, a column called “Breaking Up with Debt”, is scheduled to launch late-November 2012.

About Go Banking Rates

Go Banking Rates (GoBankingRates.com) a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information. Go Banking Rates also regularly publishes expert advice from personal finance professionals.

GoBankingRates.com belongs to a network of more than 1500 finance websites, including GoInsuranceRates.com and GoFreeCredit.com. These sites receive more than 2 million visits each month.

For questions or comments, please contact:

Jaime Catmull, Director of Public Relations
www.GoBankingRates.com
JaimeC@GoBankingRates.com
310.297.9233 x261

Photo:
http://www.prlog.org/12027794/1

--- End ---

Click to Share

Contact Email:
***@gobankingrates.com Email Verified
Source:Go Banking Rates
Phone:1-310-297-9233x261
Zip:90245
Location:El Segundo - California - United States
Industry:Shopping, Deals
Tags:credit cards, discounts, Gifts, budgeting, shopping
Shortcut:prlog.org/12027794
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share