Bad usage of credit cards even the low interest credit cards can put you in debt, and the late payments will make you pay more interest. So, it depends majorly on how you use the credit card to save money and earn money through it. We are sharing some of the smart ways of using the credit cards through which you can save and earn money with both low interest credit cards and even with credit cards for no or low credit score.
- If your card has 0% APR, then use it for big purchases. Many credit cards come with 0% introductory APR. Use that while purchasing a big-ticket item such as furniture, a vacation, or a medical procedure. It will allow you to break up the purchase in multiple payments without interest. - If your credit card offers good rewards in points and miles, you can turn that into cash by getting gift cards using those reward points. For example, you spend $10 in cash rewards for a $15 gift card. - To save money, you can convert your travel rewards points on credit cards with low interest for a free hotel stay or a free flight. You can utilize the free travel for vacation or holiday travel - Many eCommerce platforms offer sale days where you can shop using your credit cards. Leverage those days and shop using credit cards to save more money and earn more points. - Do not carry a balance. All your benefits can be overshadowed if you keep a balance on your credit card as you have pay heavy interest later for later payments. So, avoid the debt, pay on time and avoid paying more interest. If you end up keeping balance on your credit card then transfer the balance from other cards to a low interest credit cards to save more money. Implement these changes in your buying and spending habits to save and earn more with your credit cards with low interest.
0 Comments
Leave a Reply. |
Archives
June 2020
Categories
|