Holiday credit cards are in full abundance this time of year. Every credit card company under the sun is trying to push out more and more of their product during this time of year. They know that people want to shop for holiday gifts, and those same people may not have the funds required to pay for everything that they want to get. In order to breach this divide, the credit card companies put out plenty of holiday cards for shoppers who are short on cash.
The problem with holiday credit cards is that they are so manipulative in many ways. They are designed to allow the user to think that they are getting some kind of break from the credit card company. They have things like special introductory periods of zero percent interest and the like. That leads plenty of people to come to the conclusion that they do not really have to pay anything on their cards. The reality though is that they probably will pay interest if they have not paid off the full balance of the card at the introductory period says USA Today.
Delaying payments right now in the hopes of better financial times to come in the future is a very dangerous game to play. It is something that many of us can talk ourselves into, but the risks far outweigh the benefits. Instead, focus on getting your financial house in order so that things like this are not an issue in the future.