What would Santa’s credit card statement look like?
Article by Ceyda Erem
We all think we have it tough around Christmas, especially with our credit cards swiping like crazy.
There’s always that one uncle who has everything or your mum who says she doesn’t need anything, but imagine what it would be like to buy presents for all the children in the world.
With that in mind, we thought it might be interesting to preview just what Santa’s credit card statement might look like.
Let’s assume that Santa set a generous budget at $50 per child with a cut off age of 15. With close to 1.8 billion children in the world under the age of 15, his card balance would be a jaw-dropping $9 billion.
However, if he doesn’t pay this balance off in full and has an interest rate of 20.74%, he’ll face $1.86 billion in interest.
And since he is a big spender, Santa’s taken it upon himself to bag a rewards credit card to earn some points for all that midnight house surfing he does on his sleigh. So if he’s earning 0.5 points per dollar spent, he’ll score 4.5 billion rewards points along with $90 million in cashback, which we’re sure he’ll redeem to score some gift cards for next year’s shopping, frequent flyer points or to spoil Mrs Claus with something from the Qantas or Virgin store.
With that nifty rewards card comes complimentary travel insurance that’ll cover the big man himself, his eight reindeer and the presents for all the good boys and girls around the world (imagine his astronomical insurance premium!).
So without further ado, here is what a typical December might look like for Santa Claus and his plastic
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