Last year, Americans racked up more than $1,000 in debt during the Christmas season, a 5% increase from the year prior, and this year looks to be no different.
But savvy consumers who employ the right credit-card strategy stand to save big bucks.
“If you’re worried about overspending, stick to cash or debit so you can’t go over budget,” said Ted Rossman, industry analyst at CreditCards.com. “For card holders who can pay their balances in full and avoid interest, credit cards are an awesome tool to earn extra money around the holidays via cash back and/or travel rewards.”
