According to AA Financial Services, now may be the perfect time to buy, taking advantage of early Christmas sales and beating the VAT rise.
The snow and ice have really hit retailers this Christmas, with a British Retail Consortium survey showing that 36% of retailers believe their Christmas sales will be worse than last year.
There’s also the VAT increase to 20% on 4 January 2011 looming.
As a result retailers are really pushing for business and there are some real bargains to be had.
Paying for this buying though needs to be considered. As Mark Huggins, director of AA Financial Services, says though “The credit card market also has some top offers that can help buyers through the Christmas period and help to cope with the January 2.5% VAT rise pain. For example the AA Credit Card not only offers 0% for 10 months on purchases (16.9% APR typical rate variable) but has a market-leading reward system – particularly for motoring purchases. ”
The AA Credit Card earns one point for every £1 spent on motoring purchases (including fuel) and one point for every £2 spent on all other purchases. AA members earn double that rate.
The AA Credit Card can be applied for online at www.theAA.com
The key is to not to fall into debt to pay for all these new purchases – according to Bright Grey, worryingly over 10% of adults will fall into debt this Christms as they pay for their festive fun.