Here at Savings.com, we stress that credit cards are not your best bet when saving money. A 20% off sitewide code is great, but if you're putting that payment on a credit card with a 15% APR, that will basically negate the savings from a coupon. If you don't pay off that bill immediately, you're going to be paying interest for months into the future.
When it comes to Christmas shopping, the same principle applies...and then some. If you carry a balance on your credit card, it's quite likely that you could be paying off this year's holiday gifts well into the next year - if not the whole year round until the next holiday season comes around! If you bought Christmas gifts on credit in 2008 and your credit card is not yet paid off, it's like you're paying for Christmas throughout the year. The answer? Don't pay with credit. Of course, that's not a feasible strategy for everyone.Read More »