Five Financial Products For Your Christmas Shopping

It's money and creativity, rather than actual financial products

, that's really necessary when you're doing your Christmas shopping but the financial products can certainly help, as this guide hopes to show.

There are a number of ways that the right deals can do this but this article will limit itself to just five ways.

Here's the first one: it's the 0% purchase credit card.

All cards offer some form of interest free period on spending of course but these are special because they last for a number of months, sometimes even longer than a year, and that could allow you to spread the cost of a particularly pricey Christmas over a long period, all without paying a penny for the privilege.

Go to compare credit cards, though, and you'll notice most of the best deals are for those with a good credit history.

However, even those with a fairly limited credit history could benefit from shorter deals offering this facility.

When you compare current accounts you'll also notice that the zero percent rate is substantially better than what is charged on many overdrafts so it's particularly worth it if an overdraft is your alternative to cards.

The second product that could help is a reward credit card.

As well as offering points or cash back at a time of increased spending these products, if their allied to certain shop or chain, often offer extras such as free delivery at Christmas time to keep their customers on board.

All in all, very big retailers and utility companies are willing to put in some serious work in order to keep your business and that could end up being seriously rewarding.

Some retail reward credit cards offer bonus points when you first open the account or when you first use the credit card to pay for a purchase.

Bonus points can be a great way to kick start your point earnings, and are often enough to claim your first free reward too! Loyalty points work on the same basis.

Finally, in the run up to Christmas it may be worth going to compare savings accounts to find the best way to withdraw money from an account without damaging the interest rate that the account attracts.

Fixed-rate accounts such as ISAs can lose all their interest if an unplanned withdrawal is made so it's well worth checking this out before going.

by: Julia Cook

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