The holidays are known to be the most wonderful time of the year, but they can also be the most expensive.
With all the gifts, parties and traveling going on during the holiday season, many Canadians will find their monthly expenses skyrocket…specifically by an average of $1,551.
If you haven’t pre-budgeted for the holidays, you might want to reevaluate your “naughty and nice” list because you never want to charge more than you can afford on your credit card. Being left with interest payments is not worth it. That beautiful cashmere sweater is also not worth it.
But, if you have pre-budgeted for the holiday season, then we want to recommend the best credit cards to use for the gifts, the traveling and the lavish parties so that at the end of the year, you won’t be broke in January.
Using BMO’s 2015 Holiday Report as a guide for where Canadians are spending their money, we’ve highlighted the best cards to use for holiday spending to ensure you aren’t left with a post-holiday financial hangover:
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