With the hectic holiday season fast approaching but impacted by COVID-19, I wanted to drop you a quick note to make sure you didn’t miss any of WalletHub’s recent holiday studies and reports, highlights of which you can find below.
- JCPenney, Macy’s and Kohl’s are 2020’s Best Places to Shop on Black Friday, offering an average discount of at least 52%.
- Nearly 11% of items at major retailers will be more expensive on Black Friday than their current Amazon.com prices.
- Consumer packaged goods will offer the most value on Black Friday 2020 relative to their current prices, while computers and phones are expected to have the least rewarding deals.
- Nearly 1 in 3 consumers are forgoing holiday gifts this year due to COVID-19, according to WalletHub’s 2020 Coronavirus and Holiday Shopping Survey.
- Starbucks, Target and Fandango top the list of 2020’s Best Gift Cards.
- Consumers can save $300+ with one of 2020’s Best Credit Cards for Holiday Shopping.
- Some consumers already have access to little-known credit card benefits that can come in handy over the holidays, including price-drop protection and coverage for damaged or stolen items.
- Over 99% of store credit cards do not charge an annual fee, and the average card offering rewards in the form of discounts gives you more than 17% off your first purchase, according to WalletHub’s 2020 Store Card Landscape Report.
- More than half of the major retailers offering 0% financing use a dangerous feature called deferred interest, which has the potential to make holiday purchases up to 27.5 times more expensive than expected.
Please let me know if you have any questions or if you would like to schedule a phone, Skype or in-studio interview with one of WalletHub’s experts.
