How_To_Use_Your_Credit_Card_To_Really_Save_You_Some_Money by paydot888

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									How To Use Your Credit Card To Really Save You Some Money

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524

Summary:
Today it is very common to think of credit cards as one of the major
causes of so many people getting in debt. While that certainly is true
for some, it may come as a surprise to you to know that by using a credit
card in a certain way, that you could actually get sizable savings. Here
are some tips for getting the maximum benefits of your credit card.

Get A Card With 0% Interest

If you have had your card for some time, then you have already passed the
limit of getting ...


Keywords:
credit, cards, balances, debt, transfer, introductory, best, interest,
free, cardholder, apr, rate


Article Body:
Today it is very common to think of credit cards as one of the major
causes of so many people getting in debt. While that certainly is true
for some, it may come as a surprise to you to know that by using a credit
card in a certain way, that you could actually get sizable savings. Here
are some tips for getting the maximum benefits of your credit card.

Get A Card With 0% Interest

If you have had your card for some time, then you have already passed the
limit of getting 0% interest on it. Of course, if you regularly pay your
credit card bills in full and on time, then you already are practically
getting 0% interest. When you get a new credit card, you often are given
a promotional benefit of getting the 0% interest for up to 15 months.
After that, you either want to make sure you pay every bill on time, or
get a new card.

Balance Transfers

This is another fantastic feature of a good new card. By putting the
balance from other cards that you are paying a higher interest on, onto
the new card, you can save a good deal of money from the interest. Before
you sign onto the new card, however, check to see if there are any
balance transfer fees, and how often you can make a balance transfer.
Some credit card companies take away some of your potential savings by
charging you as much as 4% for any balance transfers. Other companies
will only allow you to use this feature when you sign up for the credit
card.

Rewards
Apart from the other items that have been mentioned, here is where you
can get a lot of savings, too. The key here is to know exactly what you
can get rewards for. If you are looking for a new card, then make sure
that you get rewards for the things that you buy the most. For instance,
if you are a businessman or businesswoman, and you have to travel a lot,
then you want to get a card that gives you a good percentage of rewards
for either your air miles, your gasoline, and / or for your hotel and
restaurant usage.

Daily Uses

Most credit cards also give you the opportunity to get a percentage back
of your daily necessities. This includes things like your groceries, your
prescriptions, and your gasoline. The reward amounts range anywhere from
about 1 to 3% on this type of purchase.

The Key

As with any credit card, you need to pay off the entire amount in full
each month. This is where many go wrong with their cards. Remember that
unless you actually do this, then it is costing you much more for the
credit card than it would if you use cash. By paying off your bill each
month, you not only enjoy the convenience of not having to carry cash
with you, but you could also see monthly rebates or reward checks coming
to you. This is where it could start getting exciting, and you might
actually start looking forward to getting your credit card bill in the
mail.

								
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