Black Friday and Cyber Monday are almost upon us, and considering these American traditions are increasingly part of the British events calendar, that means Black Friday weekend is a great time to grab a bargain and get Christmas presents ready for your family, friends and…yourself.
We’ve got a few tips to help you get the most out of the US Black Friday sales.
What is Black Friday?
Black Friday is the day after US Thanksgiving, November 25th 2016.
It’s one of the biggest shopping days of the year in the US as retailers like to cut their prices and encourage shoppers to buy the bargains. Similar to our Boxing Day sales.
Cyber Monday is the Monday following Black Friday and it’s largely an extension of the same bargain period but retailers tend to encourage shoppers to head online to get the best deals.
In recent years, Black Friday has crossed the Atlantic and UK retailers have adopted the sale period around that weekend.
Where to bag the best deal?
UK shoppers spent £3.3bn over the 2015 Black Friday weekend. It’s safe to say that there were plenty of great deals to encourage shoppers to buy, but US retailers still led the way for the sheer quantity of products that got their prices slashed.
And even though Sterling took a pounding post-Brexit vote, you too can still grab a good deal on US retail websites this Black Friday.
If there are certain products that you’re on the lookout for, and they aren’t on sale here in the UK, check US websites to see if you can get a good deal paying in dollars and choosing international shipping.
How to make US online shopping costs less
1. Use a card with lower fees
If you use a FairFX Prepaid Mastercard® to pay for goods abroad, you’ll be charged a much lower conversion fee than if you were to use the majority of debit and credit cards. The FairFX Everywhere Card has a low conversion fee of 1.4% whereas debit and credit cards typically charge 3% on foreign currency transactions.
2. Lock in great rates
If you’re planning some US online shopping on Black Friday weekend, lock in a great exchange rate now on the FairFX Dollar Card. By locking in today’s rate you’ll know exactly how many dollars you’ll be able to spend on Black Friday.
3. Sign up to our Rate Alerts
If you’re not ready to load your Dollar Card just yet, sign up to our Rate Alerts and get a notification every time the rates are in your favour.
4. Always pay in the local currency
If you’re given the option to pay in Sterling rather than in US dollars when on a US retailer’s site, always pay in dollars! Paying in Sterling allows the shop to decide the exchange rate and it’s never in your favour.
5. Don’t worry about leftover currency
If you finish your US online shopping with currency left on your card, either leave it on your card for your next trip, or use it in the UK fee-free (including on UK shopping websites).