The holiday season is here and we have some tips to help you with your finances. First, plan and stick to a holiday budget. Second, make sure your savings is making money for you by opening the right type of Savings Account. And third, don’t stress about going over budget; keep calm and enjoy the season with these holiday financial tips.
First, it’s ideal to set a holiday budget. Look at your anticipated expenses—travel, gifts, holiday decorations, holiday meals, childcare, extra holiday entertainment—and note how much you expect to spend on each. If you use Mission Fed Online Banking, you can make budgets and savings goals, plus track your spending and saving all within our system. Plan to save a certain amount during each pay period or week to cover anticipated costs, and then save a little more, just in case.
If you have a Mission Fed Credit Card, don’t forget to take advantage of our low rates and benefits, like Mission Rewards, which you can redeem for holiday gifts and entertainment!
If you don’t have a Mission Fed Credit Card, consider applying for one and transferring your balance to take advantage of 0% Introductory APR for 12 months on purchases and balance transfers posted within the first 90 days of a new Mission Fed Mastercard Platinum or Preferred Platinum Credit Card Account opening.
After that, your standard APR for Preferred Platinum Credit Cards will be 9.90% for purchases and 11.90% for balance transfers; and for Platinum Credit Cards, 11.90% for purchases and 13.90% for balance transfers. The balance transfer fee is either $2 or 2% of the amount of each transaction, whichever is greater. Plus, we’ve included 10,000 Mission Rewards points for members who have at least $1,000 in purchases that post within 90 days of the Credit Card Account opening. See our rates and more here.
And, now through December 31, 2017 during our Double Rewards promotion, you’ll earn two points for every $1 you spend on qualified purchases using a Mission Fed Credit Card with Mission Rewards. That’s twice as many points to use on things like cash back, hotel stays, gift cards and more.
Second, consider a Holiday Saver Account to earn higher dividends. Plus, after the holidays, you can open a Summer Saver Account to start your travel plans for your next vacation. These Savings Accounts offer higher dividend rates than our Standard Savings Accounts and are limited to one account per member. The initial deposit is $20-$500. The monthly transfer is $20-$500.
And third, check out these other Mission Fed blogs for more ways to set up a budget that works for your needs and how to keep calm during one of the busiest times of the year.
Don’t get overwhelmed about the holidays this year—use Mission Fed’s tools and holiday savings tips and let us help you meet your holiday goals! Your success is our bottom line, so let us help keep your holiday finances on-budget and stress free. We look forward to helping you this season and throughout the year!
All accounts and loans are subject to approval. Offer is good for new Credit Cards with Mission Fed. Balance transfers are for non-Mission Fed Credit Cards. Purchases and balance transfers must post within 90 days of the Credit Card Account opening. APRs are current as of 8/18/16. The balance transfer and cash advance fee is 2% of the amount of each item ($2 minimum). The foreign transaction fee is 1% of the amount of each transaction in U.S. Dollars. Maximum $20,000 in balance transfers per member. The 10,000 Mission Rewards points will be awarded one time for the first $1,000 in purchases that post within 90 days of the Credit Card Account opening. Mission Rewards points will be credited approximately 120 days after account opening. Certain restrictions may apply. All loans are subject to approval. Programs, rates, terms, conditions and services are subject to change without notice. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International, Inc.
To earn double points (1 base point plus 1 bonus point) on a purchase, it must be charged on a Mission Fed Credit Card with Mission Rewards. The charge must be transacted on the Credit Card December 1-31, 2017. Bonus Mission Rewards points will be applied by January 31, 2018. Qualifying purchases exclude cash advances, returns, traveler’s checks purchases, balance transfers, overdraft protection advances, convenience checks, fees of any kind, unauthorized charges and ATM transactions. No annual program fee for Mission Rewards. See Mission Fed’s General Program Terms and Conditions. Please visit www.MissionFed.com/Mission-Rewards or any branch for complete details on the Mission Rewards program.
The content provided in this blog consists of the opinions and ideas of the author alone and should be used for informational purposes only. Mission Federal Credit Union disclaims any liability for decisions you make based on the information provided. References to any specific commercial products, processes, or services, or the use of any trade, firm, or corporation name in this article by Mission Federal Credit Union is for the information and convenience of its readers and does not constitute endorsement, control or warranty by Mission Federal Credit Union.