Online Credit Professor

With the holidays just around the corner, we are all looking for the perfect gift for our loved ones. However, most of us are even more busy than ever during the holiday season, and looking for shortcuts to gift buying. One solution that appears to be a good gift, on the surface, is the gift credit card.

The problem with gift credit cards is in the fine print. Most of them charge many fees when the card is used, so the recipient of the gift card does not get the face value of the card - a fact that many gift givers do not realize. Another hidden problem is that many of these cards expire within a certain number of months of purchase, or alternatively within a certain time after the first use. So, make sure you understand the details before you buy.

A better solution may be a gift certificate from the gift recipient’s favorite store. Store certificates are usually not subject to fees and expiration dates.

Something that others may like is the Amazon.com wish list. You could encourage all your family members to make a wish list, which is similar to a gift registry. You’ll still save a lot of time because you can complete your purchases online, and you’ll know you are buying a gift that is wanted.

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Tags: Personal Finance by admin
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Tags: Business Credit, Credit Card Debt, Credit Report, Mortgage Rates, Personal Finance by By RON LIEBER
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