Credit cards to help with Christmas costs

By Amelia Hetherington · · 3 min read
Fact Checked
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Woman doing Christmas shopping with a credit card

There are a lot of costs associated with the Christmas period. From presents, food, drinks and Christmas events, it can all really add up and put a strain on your wallet. 

If you’re struggling to stretch your money to cover all of your expenses, you may want to consider getting a credit card, which can give you more time to cover the bill.

So, if you think a card would suit your needs and you’re confident paying it off as required, it might be time to start comparing the different credit cards on offer right now. 

What sort of credit card should you opt for?

With so many different types of credit cards on the market, it can be overwhelming trying to differentiate between them and find one that’s right for you. That’s where we come in at Mozo - to explain the differences between different types of credit cards so you can pick the best one for your needs.

Let's dive in...

Low rate credit cards

A low rate credit card is generally classified as any credit card with a purchase rate of below 14%. If you aren’t sure you will be able to pay off your balance before the end of your interest free period, a credit card with a low purchase rate will stop you from being charged too much in interest.

Here are some low rate credit cards to consider:

Low fee credit cards

If you are looking for a credit card to tide you over until your next paycheck and know you’ll be able to pay off your balance before the end of the interest free period, a low fee credit card can be a good option.

Because you won’t be charged interest on your purchases, the purchase rate of such a  credit card doesn’t matter as much, and because of this, you should be able to get a credit card with a lower annual fee.

A lot of credit cards come with annual fees and these fees can vary significantly. While some cards have no annual fees, others come with fees of more than $400 a year. However, it’s worth noting that cards with high fees can sometimes have good rewards as well. 

Here are some credit cards with no annual fees:

Here are some credit cards with no annual fees:

Rewards credit cards

If you are planning on spending a lot of money and want to get rewards for your spending, a rewards credit card might be a good idea.

There are multiple credit cards that have special offers which allow you to earn bonus points if you spend a specific amount in the first 3 months of having the card.

Currently the cards with the top introductory bonus Point offers are: 

To help cut the costs of your Christmas shopping, find out which retailers are having pre Christmas and pre Boxing Day sales! 

To compare all credit cards, head over to our Credit Card hub!