The 2020 edition of Black Friday, one of the biggest e-commerce events in the world, will take place on November 27 and should bring unmissable offers. After that date and the offers that will emerge over the weekend, Cyber Monday will help keep online shopping heated.
Are you prepared for this period of promotions, especially if you plan to use your credit card?
There are still a few days left, but the recommendation is to get ready for the shopping period. In addition to doing the basics, such as separating a list of what you intend to purchase and having advance registration in some stores, there are other good practices that can help you avoid stressing the use of your credit card.
Compare prices and plan your purchases
The fundamental tip of any purchase is very valid for Black Friday. The point is that most consumers end up not comparing prices because they believe that the offers found are necessarily the lowest. Just because a product is 50% off doesn’t mean it’s the cheapest; it may be that a higher percentage is being offered by another store, which demonstrates that researching and comparing prices is essential on Black Friday as well.
In addition, we recommend planning purchases on your credit card. Rest assured that your account limit will not be reached and that you will be able to pay for everything you intend to purchase.
Avoid partial (or many times)
Although installment payment is an option for purchasing certain products, it may not be a good idea to split bills at times like Black Friday. During this period, which also takes into account Christmas and the end of the year festivities, the bills tend to increase, which means the commitment of a good part of the budget.
The ideal is to buy the products in cash or in installments in a few times, so you don’t end up discovering that you’re going to run out of money to pay the bill. And it is in this sense that we give the last tip.
Pay the full amount of the invoice
After taking advantage of all the discounts and shopping on Black Friday, it’s time to pay the bill. Nobody can escape the credit card bill and, if there was no planning, the bill may have a frightening value.
Even in the face of an invoice above expectations, the best suggestion is to pay it off in full, as those who choose to pay only the minimum amount end up dealing with one of the highest interest rates in the market. Thus, the purchase that was previously advantageous because of the discount ends up being more expensive due to the payment of the invoice in installments.
This content is provided by Motorola