Infographic: Gift Wrap - Wrapping Up a Smile

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As Americans prepare to celebrate the holidays, CreditDonkey.com highlights the fun history behind gift wrap with a new infographic.

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28% of Americans say wrapping gifts put them in the holiday spirit

With approximately $2.9 billion of gift wrap and related accessories sold annually, according to Hallmark research, Americans have a lot of wrapping to do before this Christmas. CreditDonkey.com, a consumer credit card comparison site, publishes an infographic celebrating our tradition of "Wrapping up a Smile".

Infographic: http://www.creditdonkey.com/gift-wrap.html

"Gift wrap is often the first thing purchased and the last thing cleaned up during the holiday season," said Charles Tran, founder of the credit card comparison website, CreditDonkey.com. "Savvy consumers know that after all the gifts are open, there are still bills left to be paid. It is important to make sure consumers have access to financial tools, services and information to make informed and responsible decisions on credit."

A survey commissioned by Scotch brand tapes revealed one in four people wrap their gifts one or two days before giving the gift. In a similar survey, 28% of Americans say that wrapping gifts put them more in the "holiday spirit" than shopping does.

To view the full infographic on "Wrapping up a Smile", visit CreditDonkey.com. The full infographic includes who is wrapping, why we wrap, the history of gift wrapping, how wrapping paper is made, and what is being wrapped.

With 14.1 million adults still carrying last year's holiday debt according to a recent survey by Consumer Reports, the experts at CreditDonkey.com recommend the following tips to help consumers stay out of debt this holiday season.

  • Use your rewards and points for holiday shopping. Make sure to use your reward points before they expire.
  • Many credit cards offer generous sign-up bonuses, some upon the first purchase. If you plan to pay off your balance in full, consider signing up for a credit card deal.
  • Some credit cards offer 0% introductory APR for a limited time. If you plan to carry a balance, consider comparing your existing cards APR to introductory offers. Make sure you pay off the balance before the introductory period ends.
  • The best gifts come from the heart. Consider making some of your holiday gifts. Or donate your time to help friends, family and causes you care about.
  • It's OK to re-gift new, unopened gifts in good condition - as long as you can avoid offending anyone and it's something the new recipient will love.

Consumers can visit CreditDonkey.com for free comparisons of credit card rewards to make sure they are getting the most out of their holiday spending. They can search, compare and apply online, finding the best credit cards for their needs.

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Charles Tran
CreditDonkey
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