How to Save Money on Your Credit Card

Looking for how to save money your credit card? Below, we explain best tips oon your credit card can save you money, so you don’t have to cut back on what you enjoy.

Credit card is a great asset that allows you to earn rewards on your expenses. According to CNBC, an average American credit card user earns over $2000 in rewards by using a credit card for their day-to-day expenses, like food, gas, groceries, and entertainment.

Yet, some complain that credit card companies are dangerous because of high interest rates. Below, we explain how to save money on your credit card, so you don’t have to cut back on what you enjoy.

5 Ways Your Credit Card Can Save You Money

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You can leave your funds on your bank account by using a credit card. There are many ways you can use credit cards to your advantage. Let’s take a look at some of those.

Don’t carry a balance

You can save money on a credit card without ever paying interest. Use your credit card to get stuff you need and pay it off every month. As long as you pay the balance of it, you won’t pay interest.

Use 0 percent purchase APR for big purchases

What is a 0 APR mean? It means you don’t need to pay interest on new purchases and/or balance transfers for a certain period of time. The average period is 10 months. But credit cards give 15 to 18 months without interest.

This is great a great opportunity if you planning to buy new furniture, medical procedure etc.

Apply for a credit card with a sign-up bonus.

Some credit card companies offer sign-up bonus for their card. Make sure to pick the best sign-up bonus for you. To earn this sign-up bonus, you need to spend certain amount of money by using your card. After that, the bonus is all yours.

Redeem your cash for a gift card

Money can be a more versatile gift, but you can maximize your return if you redeem them for a gift card with a credit card issuer’s gift partner. For example, you could win a $25 gift card for $20.

Use your credit card issuer’s discount mall

It does require a little planning, but you can save money on food, groceries, movie tickets, vacations, flowers and more by purchasing through your card issuer’s discount store. Take a look at your card issuer’s website to see which retailers are offering discounts.

Final Thoughts

We hope this guide on 5 ways your credit card can save you money help you to get most benefit of your card. Check out my previous articles here and here.

3 thoughts on “How to Save Money on Your Credit Card”

  1. I don’t know what else to say. We can’t understand how we’ve been living without 5 Ways Your Credit Card Can Save You Money. It’s just amazing. Absolutely wonderful

    Reply
  2. Can I go out on a limb and say do not use Credit cards full stop, I get it we sometimes need to lend money, Car, Holiday, House refurbishments etc but I think you either save for the thing you are after if not get a loan.

    The reason being is with a loan your repayments are committed monthly, or to put it another way you have to pay each month, no questions! However, from experience credit card lenders will just let you get yourself in continual debt, they don’t care how much you go overdrawn or how far down the rabbit hole you go until its too late.

    Hope this helps someone make the right choice 🙂

    Reply
  3. Good ideas. I’ve had to pay interest a few times and that wasn’t a pleasant experience 😉 Now I’m very careful with my credit card bill, and I always pay off monthly balance. Overall, you get great benefits if you pay on time.

    Reply

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