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Smart Ways to Use Your Credit Card on Black Friday


I am writing to you direct from NYC today.  I’ve been here since Saturday to partake in all the holiday festivities and pre Black Friday sales.  I am happy to say thanks to good ol’ New York City I am officially DONE my Christmas Shopping.   Yes that’s right, I’m done!

This is unusual behavior for me, but thanks to the wonder of online shopping and all the stores for their awesome deals I am done my shopping  before December 1.   However I know that some of you probably haven’t even started.

Last night I had the pleasure of joining other personal finance experts Barry Choi, Vanessa’s Money and RateHub for the #cdnmoney chat.  It’s a weekly Twitter chat where experts answer questions and share their favorite money tips.  Last night it was all about how to use your credit card wisely while #BlackFriday shopping.






Here are some of the great tips for all you savvy shoppers out there from our Twitter chat next week:

Always watch where you swipe

More shopping means more credit card transactions and believe me when I say your fraud radar should be on high alert this time of the year.  Thieves are out in full swing during the holidays so make sure to always keep an eye on your credit card when using it in stores.

Look for sales

Your favorite items are probably on sale this time of the year, but that’s no reason to buy at the first store you visit.  Check flyers and online stores to compare prices and make sure you get the best deals possible.  If that means lining up tomorrow at midnight then so be it.

Check for bonus points promotions

Having a great rewards credit card comes in handy this time of the year.  I am happy to say that all my holiday purchases were put on my credit card.  It was enough to put me over the next rewards level and I exchanged in all the points and ordered myself a Starbucks gift card – Merry early Christmas to me.  If you’re looking for a new credit card use this tool to find the best credit cards in Canada.

Don’t be afraid to ask

If you don’t find what you want don’t walk away.  Find a sales associate to help .  It never hurts to ask them to check the back store for more items.  At the end of the day they are there to help and  you are there to shop.  You don’t want to wake up early and wait in line only to find your item is sold out.

Check your inbox for promotions

Before you head out and hit the stores check your inbox for email promotions and deals.  This is especially helpful if you’re not sure what you want to buy for everyone on your list, but know you need to get something.  I always get great gift ideas from being on a mailing list.

When using your credit card for holiday shopping don’t forget to spend within a limit and pay off the balance to avoid excessive interest charges.

What’s on your wish list this Black Friday?

Photo from Pixabay

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