Australians love gifts. In fact, Aussies love giving more than receiving, according to recent research from the Financial Planning Association. 85 per cent of people surveyed said they get more joy from giving gifts than do from receiving gifts. Adults spend about $100 per month buying gifts and presents for other people, including an average spend of $437 per year on gifts for spouses and partners, $361 for children, $201 per parent and $115 for our pets. At Christmas we spend an average of $93 per “significant Christmas gift.” People with young families spend an average of $117 per significant Christmas gift. Almost three quarters of this spending is not budgeted for. The FPA research reports that 73 per cent of household spending on gifts is unplanned. “There is literally billions of dollars of household spend that is simply not budgeted for by nearly three in four Australians,” said FPA’s CEO Dante De Gori. If you are buying gifts this Christmas, (and who isn’t?) a little budget planning can go a long way to limiting potential debt hangovers in the new year. And if you don’t like planning, a Christmas credit card comparison, that suits your way of spending, can help you deal with gift buying this Christmas. Which are best credit card deals for Christmas? The best credit cards for Christmas are the ones that suit your way of managing money. If you pay off your purchases quickly, look for a card with a low annual fee or lots of points and rewards. If you need time to pay off your spending, look for credit cards with low purchase interest rates. Right now, there are even some cards with long interest-free offers on purchases. You can compare credit cards yourself from Australia’s banks and other card issuers at InfoChoice. Here are some good card deals now on offer for people looking to organise their Christmas 2019. Good credit cards with no annual fee: If you are travelling this summer, the Latitude 28degrees Global Platinum Mastercard credit card has no annual fee, no fees on purchases made overseas, no currency conversion fee and up to 55 days interest-free with a purchase interest rate of 21.99 per cent pa. Virgin Money’s No Annual Fee Visa has up to 44 days interest-free giving you a card that is potentially very cheap for Christmas spending, if you pay back your purchases. This card has a purchase interest rate of 18.99 per cent pa, cash advance rate of 20.99 per cent pa and a balance transfer deal offering a rate of 6.90 per cent pa for 36 months (Ts & Cs apply). Good credit cards with a low purchase interest rate: The Latitude Low Rate Mastercard has a low purchase rate of 9.89 per cent pa after up to 55 days interest-free and an annual fee of $69. The Latitude Low rate card also offers price protection – if you buy an item and the price falls later (within 30 days) Latitude will refund you the difference. That could be a great asset at Christmas time. Cardholders can get 10 per cent of your spend in the first three months refunded (up to $100) with the Virgin Money Low Rate Visa credit card. This card has a 14 month zero interest balance transfer offer (Ts & Cs apply), a purchase interest rate of 11.99 per cent pa, a discounted annual fee offer ($49 per year) plus a fixed repayments option. Good credit cards with zero interest rate on purchases The Suncorp Bank Clear Options Platinum Visa credit card is currently promoting a special offer of 14 months interest-free on purchases and 14 months interest-free on balances transferred. This card has a purchase interest rate of 20.74 per cent pa with up to 55 days interest-free and an annual fee of $129. Currently Suncorp is offering a discounted annual fee of $49 for the first five years. Virgin Money’s Velocity Flyer Visa credit card offers a $129 Virgin Australia gift voucher each year (Ts & Cs apply). The Virgin Velocity Flyer card has three major promotional offers running at the moment and lets you choose the promotional offer that suits you. Cardholders can choose from a 70,000 Velocity points offer, a 22-month zero interest balance transfer deal or a 14-month zero interest on purchases deal.” Good credit cards with bonus FF points and rewards NAB’s Rewards Signature Visa credit card is currently promoting a 120,000 bonus point offer. This card has a $295 annual fee, a purchase rate of 19.99 per cent pa, up to 44 days interest-free and $15,000 minimum credit limit. The Citi Rewards Signature Visa credit card is currently promoting a 120,000 bonus point offer (terms and conditions apply). Currently this card has a discounted annual fee offer as well ($199 in first year, down from $395). The Citi Rewards Signature Visa credit card has a purchase rate of 21.49 per cent pa after up to 55 days interest free. Whichever card you choose, look for the offers, rates and fees that suit your way of spending and managing money. And have a great Christmas, giving gifts and having fun with your loved ones. The products compared in this article are chosen from a range of offers available to us and are not representative of all the products available in the market and influenced by a range of factors including interest rates, product costs and commercial and sponsorship arrangements InfoChoice compares financial products from 145 banks, credit unions and other financial institutions in Australia. InfoChoice does not compare every product in the market. Some institutions may have a commercial partnership with InfoChoice. Rates are provided by partners and taken from financial institutions websites. We believe all information to be accurate on the date published. InfoChoice strives to update and keep information as accurate as possible. The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. If you or someone you know is in financial stress, contact the National Debt Helpline on 1800 007 007.