Nifty deals to cash in on this Black Friday

Just like Christmas, Black Friday comes but once a year. It may not be the most wonderful time of the year, but whether or not you like this crazed shopping spectacle, it’s still a good time to get a bargain on something you’ve been needing for a while, whether that be a new kitchen appliance, sporting equipment or even a Christmas present for your loved one.

The same goes for finance products as well, so check out some deals on offer this Friday:

Kogan Credit Card’s Black Friday special

If you’re thinking of getting a credit card to cover all your online expenses before Christmas, you might want to check out Kogan Credit Card’s Black Friday special. Granted you sign up before 11.59pm on 6 December 2019, you could bag yourself a sweet $500 worth of Kogan.com credit to spend within the next 12 months.

All you have to do to lock in this deal is spend $500 on eligible purchases with your new Kogan Money Black Card, within the first 30 days of approval. And after that you might even be sorted for next Christmas!

Other noteworthy features of the card include zero annual fees, that’s right zilch, nada, plus uncapped Kogan.com rewards points and complementary Kogan First membership. On top of all that, you’ll also benefit from security and fraud protection services FRAUDSHIELD and Visa Zero Liability.

Of course it should be noted that Kogan’s credit card does come with a 20.99% p.a. purchase rate, but if you think this might be worth it to access the rewards, you might want to check it out.

eBay’s red hot Black Friday deals

eBay is yet another retailer to take advantage of this day, well actually more like this whole week. The online retailer kicked things off early this year with pre-Black Friday deals starting from Monday 25th November.

Among the brands on offer are Fitbit, Oral B and Parlux, so if you’re looking for something in particular as a Christmas present for a friend or family member, eBay might just be worth checking out this time round.

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Of course, one thing to keep in mind while you’re chasing after a really cheap item on Black Friday is scams.

While many retailers spot the opportunity to entice customers through the door with lower prices, a lot of online scammers will also take the chance to bamboozle Black Friday shoppers with money scams.

How to spot a scam?

According to the Australian Competition and Consumer Commission’s report on online shopping scams, the most common types of scam to look out for are:

• Phony websites/stores. Scammers will often set up phoney online shops with great deals to trick consumers. These websites can often look genuine and offer luxury items at extremely low prices. So just beware that if you do stumble across a site you’ve never heard of before with really low prices, chances are it may not be the real deal.

• Phoney sellers. Phoney sellers will often try to pass themselves off as real sellers on a marketplace with lots of sellers. Red flags for this will be if the seller says they are travelling and will have someone else deliver the goods to you.

Tips on safe online shopping on Black Friday, including some from Mastercard:

• Don’t send your bank or credit card details via email, as it’s not always a secure space. When entering card details, always look for the padlock symbol on a website, which lets you know it’s a secured page.

• Make sure you have security software installed on whatever device you’re using and it’s all up-to-date. Those pesky computer updates often include security updates, so don’t ignore them!

• Beware of requests to pay via direct bank transfer or other unusual types of payment method, including cryptocurrency.

• Do your research: if you’re using a new website, search for online complaints and verifications of the website. And remember, if something seems too good to be true, it probably is!

The internet can be a murky place to navigate on Black Friday, but it can also be a great place for some really great deals. So as long as you watch out for scams and do your research, you could tick some items of your bucket list this Friday. And if you’re ready for a new piece of plastic to help with your spending, why not check out Mozo’s credit cards comparison page, to see which one could be the best fit for your wallet.