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Five Tips to Ensure Credit Card Holders Feel Jolly January 1 Consumers Look to Credit Cards as Holiday Shopping Increases In Phoenix and Across Nation
Tempe, Ariz. – Dec. 5, 2013 – Holiday spending is projected to increase more than 3.9 percent in Phoenix and across the nation, according to the National Retail Federation (NRF). Shoppers are already on track to hit these numbers, with 141 million Americans shopping Thanksgiving weekend and 131 million estimated on Cyber Monday. The NRF estimates shoppers will spend a total of $737 this holiday season. With an average of $407 spent during Thanksgiving weekend, consumers have approximately $330 left to spend.
But where are consumers turning to finance the increase? TruWest Credit Union– with nine locations in metro Phoenix – reports that credit card applications and spend are on the rise. While this is good news for financial institutions issuing credit cards, TruWest wants to make consumers fully aware of the impact today’s credit card purchases can have on the future.
“While our VISA credit cards offer one of the best rates and rewards programs in the industry, our primary focus remains the fiscal health of our members,” explains TruWest VISA Manager Anthony Carpenter. “As more consumers use credit cards this holiday shopping season, we want them to truly understand their options, so there won’t be any surprises with their bill January 1.”
Whether shopping at Scottsdale Fashion Square, Tempe Marketplace or the new Phoenix Premium Outlets, TruWest has prepared five tips that will help Valley residents responsibly fund their holiday shopping.
Five Credit Card Tips for Responsible Holiday Shopping
“We hope to share credit card education and resources for our community, to eliminate part of the stress that invariably comes each holiday season,” adds Mr. Carpenter. “While each consumer shops differently, our three VISA credit cards with low interest rates and other money-saving benefits ensure every member can still shop responsibly.”
To learn about TruWest’s VISA Platinum, VISA Platinum Points or VISA Signature cards, or to access free credit card resources and calculators, visit TruWest.org/VISA or call 1 (855) TRUWEST (855-878-9378).
About TruWest Credit Union TruWest Credit Union is headquartered in Tempe, Ariz., and operates as a cooperative to provide its membership with a lifetime of quality financial services and a culture of caring for its members, employees and communities. TruWest is a strong and sound financial institution with more than 60,000 members and assets totaling more than $791 million. TruWest Credit Union has 13 branches – nine in the metro Phoenix area and four in Austin, Texas.
Jill Collins, TruWest Credit Union, email@example.com