Saving Money and Credit

We know about credit card. It is said to be your ultimate gear when you go shopping. The important tools for us.

Thinking about the times nowadays, this plastic appears to be the least practical option out there. It is actually the most convenient device used for consumption when you are out of money. It lures you to spend.

Is there anyway for your credit card to be useful for your saving endeavors?

Yes, actually there's ways that the plastic can be helpful. You CAN actually save money with that credit card.

0% Balance Transfers

If your present credit card has high interests, you can transfer your balance to two with a low-interest or no-interest at all. It can offer you a 0% interest for a definite period and then a lower regular rate later on. A 19% interest rate can be transferred to two with 16.1%. The 2.9% difference means a lot, in the long run.

Lower Interest Rates

Look for two with the lowest rate among others to further maximize having a credit card. This definitely spells savings. If you do not have a balance yet, it is best to look for a card without annual fees.

Take extra precautions, , in assuming that the lowest interest rate is the best for you. Factor in your buying habits. You may be attracted to the low rates, but the finish result may not be desirable if combined with the annual fees and the like.

Rewards Program

Reward points process and money back programs are offered now. This can save you money. Maintaining a low balance despite your frequent buys will give you at most 5% off on purchases.

There's even money rebates up to 5% when you use the credit card at definite gas stations, convenience stores and food. This can be automatically applied to your bill, the more you can feel the savings you are making.

Maximizing the Experience

To reap the rewards, you must avoid the drawbacks. A prudent person will definitely look for the best deals and grab it right away but with some caution.

Thus it is necessary that you read the details. Check the fees that may be charged and the penalty rates in case you delay. This may be the downside of the deal offered to you. For example, be careful of money advance features of credit cards. A quantity of them can be costly. They can come with numerous fees and higher rates.

2 komentar:

  • Warna Tulisan

    thank you for sharing. Regards

  • Warna Tulisan

    please add me first and i will add you, thank you

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