It’s the holiday season, which means most people are probably out there spending money to buy gifts for their friends and loved ones, and maybe the not-so-loved-ones-but-it-might-be-awkward-if-you-didn’t-get-them-anything people in your life. (C’mon, admit it, you have one or two people like that on your gift list… it’s your boss, isn’t it?).
Most of the time, gift giving means spending money, and if you aren’t careful, you can quickly go overboard. That’s where the American Express holiday giveaway promotion comes into play. American Express wants to let people know about the American Express Charge Card, which comes with the Membership Rewards program.
If you aren’t familiar with charge cards, they are similar to credit cards and feature all the same benefits, but they must be paid in full each month, whereas you can carry a balance with a credit card. Charge cards offer more flexibility than debit cards and don’t take money directly from your account, so you don’t have to worry about an overdraft penalty if payday is just a couple days away. Since you pay your bill in full each month, you don’t have to worry about interest eating you alive.
The Membership Rewards program features a points rewards system which you can use to turn around and buy gifts, including some of this season’s hottest items, such as an HP mini, cool video games or a Flip video camera.
Win one of 10 Flip video cameras
American Express was kind enough to offer 10 Flip Mino Video Cameras to lucky readers to promote their new charge card. How do you win one of these cameras? It’s easy – simply answer the following question:
“What is the savviest way you have made your money work harder for you this holiday season?”
I will select the 10 savviest money tips. To enter, leave a comment, or write an article on your blog if you have one, then drop a link to your article in the comments section so others can read about it. The goal is to share ideas to help others become more money savvy – and the best 10 tips will win a Flip video camera!
- No purchase necessary; void where prohibited
- One entry per person; US residents only
- All prizes are provided by American Express, and shipped directly to winners.
- Contest ends Saturday, December 19, 2009.
My tip to make my money work harder this holiday season:
My wife and I had our first child this summer and we opened a CollegeAdvantage 529 Plan for our daughter so we could start saving for her college. The best part was that we got almost $200 in Bonuses for opening Ohio 529 Accounts. Anyone can take advantage of this offer, but it expires on December 18th, so you’d better hurry!
What is your savvy money tip?