The Update

How Should I Fund My Holiday Shopping?

You can keep your budget and your sanity, too! Take a few minutes to learn how you can spend responsibly this season.

Let’s explore some options:

No-Interest Credit Cards

If you can open a credit card with an introductory no-interest period, you can borrow the money to fund those purchases without paying a penny of interest.

Yes: This option can be ideal if you have an excellent credit score and concrete plans to pay back the bill quickly.

No: Don’t go this route if you have a poor track record for paying credit card bills. You might end up carrying that balance well after the grace period ends and then getting hit with really high interest rates.

Personal Loans

Anytime you need a pile of dough, you can stop by to apply for a personal loan. Our representatives are always happy to help you!

Yes: Our personal loans have low interest rates, which make the payback plan affordable for almost any budget.

No: If you’re already carrying a load of debt and unpaid loans, don’t take out another one just to get you through the holidays.

Skip-a-Payment

At RGCU, we offer the option to skip a monthly loan payment to give you that extra cash flow. Loans must be current and in good standing. 

**Does not apply to mortgage or Credit cards.**

Yes: When you choose Skip-a-Payment, you can pay for those presents without adding to your current debt. No high-interest bills to haunt you!

No: Every Skip-a-Payment makes the loan’s term one month longer.

Christmas Club Account

Pay a little bit toward this expensive season all year long by opening a Christmas Club Account.

Yes: Christmas Club Accounts offer you a way to pay for your holiday shopping ahead of the season, instead of playing catch-up on your bills in the coming months.

No: It’s too late to open up a Christmas Club Account to help you make it through this season. But, it’s never too early to start thinking about next year!

Deferred-Interest Financing

If you’re considering several large purchases at big-box stores, consider signing up for the retailers’ deferred-interest financing. Many chain stores offer customers this interest-free financing option so they can walk out with their purchase today, and pay for it tomorrow.

Yes: Deferred-interest financing works just like an interest-free line of credit, only it’s exclusive to the store selling it. If you don’t like the idea of opening another credit card, but you need that interest-free option, this can be the perfect solution for you.

No: If you neglect to pay off your bill before the interest-free period expires, you’ll be slapped with sky-high interest fees.

RGCU Rewards Make Great Gifts

This holiday season don't forget about your RGCU Reward Points. You can redeem gift cards that make great gifts. But you can also redeem merchandise from popular retailers like Best Buy and Home Depot. Take advantage of your earned points!