Get ready for Black Friday

The biggest discounts of the year are almost here! While you wait, do you want to know more about Black Friday?

Where does the term “Black Friday” come from?

There are many theories on the origin of Black Friday.
The most accepted version comes from the 50s, more specifically the day after Thanksgiving Day, in Philadelphia (USA). This city hosted a football game between the Army and the Navy, which was to take place on a Saturday. Since nobody wanted to miss the game, most of its population decided to do their Christmas shopping in advance on the Friday before, causing stores to collapse. This situation meant that no member of the police could take time off that day, given the number of people in the stores, leaving this Friday to be called Black Friday. A term that, little by little, became more popular, taking on special relevance in 1975, the year in which the name Black Friday was firmly established, taking into account the traffic problems that the city of Philadelphia suffered as a result of the discounts on the day after Thanksgiving.

The Evolution of Black Friday

Over the years, Black Friday has become mandatory for brands and consumers.

Despite maintaining its essence, over time, Black Friday has evolved into what we know today. The number of brands that have signed on to Black Friday has increased exponentially year after year, and the deals they have for their customers are increasingly appealing. The way of advertising them has also changed, and available technological resources are being used more and more. But what changed the most is its duration. Today, Black Friday discounts are not available for just one day, but for several.

THE Black Friday also gave rise to Cyber ​​Monday, created in 2005. Although this day is marked on many calendars, it has not yet acquired the relevance of its predecessor. The reason? Some don't know about it.

  • What is Cyber ​​Monday? It was created by the shop.org community 15 years ago, and its main objective is to promote online shopping.
  • When is Cyber ​​Monday? It is held on the Monday after Black Friday (this year Cyber ​​Monday 2022 will be on November 28).
  • What are Cyber ​​Monday deals like? They are similar to Black Friday discounts in every way, except they are applied to online purchases.

Mark it down on your calendar now!

This year, Black Friday will be on November 24.

When is Black Friday?

Initially, Black Friday fell on the day after Thanksgiving.
On that day brands made significant discounts on their products, which allowed consumers to purchase them at a lower price than usual. Today, while Black Friday continues to fall on that specific day (they day on which the most significant discounts are offered), many companies offer Black Friday discounts for a few weeks, before or after Thanksgiving. This way consumers have more time to make their purchases at a discount. This year, make sure to mark Black Friday on your calendar for November 24. Don't forget!

How long is Black Friday?

In the beginning, Black Friday only lasted one day.
However, over the years, and thanks to its success, its has been extended. Firstly, over the weekend, to give consumers more time to enjoy their free days for shopping (in physical stores or online). Accordingly, Black Friday started finishing on Cyber ​​Monday. More recently, Black Friday has started lasting one or more weeks. 

Black Friday Deals

There are many Black Friday deals, and they happen both in small and large stores.
From technology products, like televisions or computers, and clothing, accessories, or beauty products, to flights, hotels, and vacation packages, all products and services make it to the consumer with major discounts. We know that Black Friday deals are used by thousands of people to cover personal or professional needs, satisfy a whim, or, in many cases (and increasingly) make Christmas purchases in advance.

On this Black Friday, use BBVA Credit Cards. 14.5% APR

Opt for online shopping and make your payments with added security.

Want to find the best Black Friday offers?

The allure of brands and major discounts is evident.

To choose those that bring the most benefits, we recommended that you:

  • Compare all prices and respective discounts, as the number of offers on Black Friday has been growing from year to year, particularly since online shopping came on the scene. There are different resources that can help you decide, such as price comparison tools.
  • Check to see if there are any additional promotions alongside the Black Friday deal, such as free delivery (for example) or not. Sometimes, the extra cost associated with purchasing a product can minimize the advertised discount.
  • Also, check out Black Friday deals on tools like 'wikibuy', as they can offer you even more attractive discounts.

 

In addition, pay attention to factors like:

  • The security of the website where you make the purchase;
  • Read about the experiences that other customers have had with a particular product or online store, for example on discussion forums;
  • The purchase conditions of the product you want to buy;
  • Check your payment methods. Remember that 3D Secure sites make your payments more secure.

Information

APR of 14.5% Use credit responsibly and within the limits of your financial capacity. APR

BBVA Depois Classic Card – APR of 14.5% and Nominal APR of 12.50% for a €3,000 credit paid in 12 months, including the credit card activation fee of €20/year (stamp duty included) and other legal taxes in force.   

BBVA Depois Gold Card – APR of 14.5% and Nominal APR of 11.70% for a 7,000 euro credit paid in 12 months, including the credit card activation fee of 72.50 euros/year (stamp duty included) and other legal taxes in force. 

BBVA Private Card - APR of 14.5% and Nominal APR of 12.68% for a 15,000 euro credit paid in 12 months, including the credit card activation fee of 90 euros/year (stamp duty included) and other legal taxes in force.

12.8% APR for the Split Payments option, with a credit limit of €1,000, repayment over 12 months, and nominal APR of 10.000%. 

See the definition of APR (Annual Percentage Rate) and Nominal APR.