A quick guide to surviving the 2018 Boxing Day sales

Evie Weily

18 Dec 2018

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If your credit card limit has managed to survive the pre-Christmas shopping frenzy but you still have your eye on something special before the year comes to a close, the Boxing Day sales might be the perfect time to  grab a bargain!

But with the nation’s total credit card balance predicted to hit $52.4 billion this December, we’ve put together five Boxing Day sales tips to help you avoid a new year financial hangover.

1. Plan your Boxing Day purchases

With the post-Christmas sales hype in overdrive, carefully planning your purchases can help you avoid any temptation to make impulse decisions. Create a list of the items you would like to purchase and try to budget what you expect to pay for them, factoring in some contingency on those inevitable impulse purchases.

2. Don’t be afraid to jump online

Despite the Black Friday and Cyber Monday sales having been and gone, don’t assume that the best deals in the post-Christmas sales will only be found in-store. Surfing online sites before you hit the shops will not only give you a sense of what prices you should be paying, you can also find out what stores are selling what and if they have stock available, which could save you time and money on the day.

It can also pay off to go in-store armed with a competitor’s price list to take advantage of any price matching programs.

3. Avoid cupboards clutter

Just because something is on sale, doesn’t mean it’s a great purchase. Multi-buys can be good value depending on what you’re purchasing, but getting 50% off 100 scented candles that are only likely to take up space in your cupboard is something you’ll probably want to reconsider. If you aren’t certain about your purchase, most Australian businesses have good returns policies so be sure to check the store’s guidelines on making a return.

4. Avoid the ‘buy now, pay later’ pain

Although post pay services such as Afterpay and ZipMoney have become popular payment methods in Australia, they are not the only solution to a sales season shopping spree. In a recent survey conducted by Mozo on Afterpay, 30% of those surveyed admitted to having missed at least one payment. So to save yourself any future financial pain, going back to basics and using a debit card or cash at the sales could be the way to go.

5. Don’t be afraid to haggle

Don’t be afraid to push the retailers to get the best price possible. The sales exist to encourage purchases, so if you’re determined to grab a bargain then why not try your hand at haggling? Some tips for successful bargaining include:

• Never shop unprepared: know exactly what competitors are offering and get the store to match them.

• Bundle for bigger discounts: if you’re buying more than one product ask for an additional discount, or see if they’ll throw in something extra for free.

• Stay firm: always be prepared to walk away if you can’t secure the offer you want

Want to arm yourself with a budget-friendly credit card for the new year? Check out some of the great low interest deals below, or head over to the Mozo credit card comparison hub for even more offers.

Credit card offers 2018 - rates updated daily

  • Promoted

    CUA Low Rate Credit Card

    0% p.a. for 13 months and then 21.74% p.a.

    11.99% p.a.

    $49 $0 in the first year

    0% balance transfer rate for 13 months and up to 55 interest free days. No annual fee for the first year and $49 after.

    • 11.99% p.a.

    • -

    • 0% p.a. for 13 months and then 21.74% p.a.

    • 21.74% p.a.

    • 55

    • 0.0

    • 3.40%

    • $49 $0 in the first year

    • $12.50

    • 2.00%, Min $3.50

    Read our Mozo Review to learn more about the Low Rate Credit Card

    Details Close

  • Promoted

    St.George Vertigo

    0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

    0% p.a. for 7 months then 13.99% p.a.

    $55 $0 in the first year

    Enjoy 0% p.a. for 22 months on balance transfers at card application. 1.5% balance transfer fee applies. Rate then switches to applicable variable cash advance rate. Plus, 0% p.a. on purchases for 7 months. Rate then switches to applicable variable purchase rate. First year annual card fee waived for the first year ($55 thereafter). Available to new cards only, Eligibility criteria and T&Cs apply. Offer ends September 30th 2020.

    • 0% p.a. for 7 months then 13.99% p.a.

    • 0% p.a. for 7 months

    • 0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

    • 21.49% p.a.

    • 55

    • 0.0

    • 3.00%

    • $55 $0 in the first year

    • $15.00

    • 2%, Min $2.50

    Read our Mozo Review to learn more about the Vertigo

    Details Close

  • Promoted

    Hot Deal $200 Cashback Offer (T&Cs apply)

    Westpac Low Rate

    0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)

    13.74% p.a.

    $59

    Enjoy 0% p.a. interest on balance transfers for the first 20 months. Get $200 cashback with $1k minimum spend on eligible purchases within 90 days of card approval. 55 interest free days and low on-going rate of 13.74% on all purchases.

    • 13.74% p.a.

    • -

    • 0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)

    • 21.49% p.a.

    • 55

    • 3.00%

    • $59

    • $15.00

    • 2%, Min $2.50, Max $150

    Read our Mozo Review to learn more about the Low Rate

    Details Close

  • Promoted

    NAB StraightUp Card ($10/month - $1,000 Credit Limit)

    No current offer

    0% p.a.

    $120 $10/month - waived if no spend & no balance owing

    Pay no interest and no late payment fees, just a $10 monthly fee for a $1,000 credit limit. Plus, if you don't make any purchases and have an outstanding balance of $0 during the whole statement period, the monthly fee will be reversed. Also pay no foreign currency fees when you shop online or overseas.

    • 0% p.a.

    • -

    • No current offer

    • 0

    • 0%

    • $120 $10/month - waived if no spend & no balance owing

    • $0.00

    • n/a

    Read our Mozo Review to learn more about the StraightUp Card

    Details Close

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