Most of us waited until that last long weekend before Christmas to cover our holiday shopping, according to consumer surveys by the National Retail Federation. Even though thousands of Americans told NRF's researchers that they intended to hold their spending to around $750, all signs show that a few extra shopping days may have inspired us to add a few more items to our carts than we expected. This month's featured credit card deal can help you stretch out your holiday budget until after Valentine's Day -- in 2014!
Slate from Chase remains that lender's flagship account for helping consumers consolidate and eliminate credit card debt. Just in time to help prevent a retail hangover, you can By waiving the usual balance transfer fee for this period, Chase provides just enough time to tally up totals and qualify your yuletide bills for 15 months with no finance charges and a $0 annual fee.
After the teaser rate expires, Slate cardholders end up with a variable interest rate determined by credit history. Bring your solid credit score to Chase's New Year's party, and you'll end up with one of the best low interest credit cards on the market. If your credit report took a few hits in 2012, you'll still get an acceptable rate. That's where Slate's other big feature can help.
Blueprint lets you calculate just how much you'll need to save when you want to pay off your credit card debt by a specific deadline. Blueprint will also help you categorize and pay down certain types of purchases, like holiday travel or business expenses. You can even use this online tool to help budget for the new year based on your existing spending patterns. However you use it, Blueprint can help you clear as much of your balance as possible before your APR kicks in.
The NRF discovered that many Americans, especially holiday shoppers younger than 35, plan to spend around $150 each on "self-gifting" this year. If you managed to top that amount, Chase's generous offer can keep those holiday deals from turning into savings account dents.