Travis Ledbetter with Arvest Bank shares helpful tips on how to be wise with credit card purchases during the holidays.
-Write down a holiday budget before you begin spending.
-Do not ignore your statement until after the holidays. Keep tabs on how much you are spending throughout the month.
-It’s a good habit to check your account frequently to be aware of any fraudulent charges.
-Know the difference between a debit card and a credit card.
-It’s best to pay off your monthly balance. If that is not possible, try to pay off more than the minimum requirement to reduce interest costs.
-If you use your card for big purchases, such as traveling, find a card which offers good rewards.