I feel like any gift given, any baking done and any event attended with an open giving heart is perfect in the spirit of The holidays. No explanation required if one chooses to use cc's that is thier choice. If I can't pay for it in full at the end of the month I don't buy it I don't care what time of year it is that is my choice. Some years I give more than others I do it with the best of intent and the happiest heart I can and hope that it's received the same way if not that is a reflection of who they are not me.
And the opposite is true any of those things done begrudgingly or with a bad attitude is Scrooge like.