Top tips to use credit cards wisely for festival shopping
Credit cards serve as valuable financial instruments, enabling seamless transactions and the option to convert significant expenditures into manageable EMIs. Festive seasons, as well as other occasions, witness a plethora of enticing discounts and special offers extended by offline and online retailers to attract customers.
Festive seasons are an exciting time in India that brings celebrations and a surge in shopping activities. While purchasing your favourite items to add more joy to your festival, it’s also an occasion when many of us turn to credit cards to fund our purchases. Using credit cards wisely during festive shopping can help you enjoy the season without getting into bad debt. Here are some tips to keep in mind before embarking on the festive shopping spree with credit cards.
Who does not like buying things we like but setting a budget will ensure you can repay the borrowed money timely and without default. Before you begin your festive shopping, establish a realistic budget. Determine how much you can comfortably spend without straining your finances. Make a list of all the items you plan to purchase, including gifts, decorations, and electronic items. Allocating specific amounts for each category will help you stay on track and avoid impulsive spending. Your budget should consider your monthly income, existing debts, and other financial obligations.
Look for cards that offer rewards, cashback, or discounts at popular retailers or online marketplaces. Some credit cards are specifically designed for festive seasons and provide attractive benefits like higher cashback rates or zero-interest EMI options. Additionally, consider cards with no annual fees or low-interest rates to keep your overall expenses in
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