5 Credit cards hack to save your money
5 Credit cards hack to save your money
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 The most credit savvy among us have been able to use credit cards to their benefit in order to wisely and optimally save money even while charging on their cards. People often carry multiple credit cards in order to earn reward points and avail discounts and cashback offers they indulge into splurging. These lead to a debt trap. If you are careful about how you use your credit cards, you may actually come out ahead by using them, rather than if you just stuck to cash. 

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These 5 money-saving hacks can help you reach your financial goals by helping you save money on your everyday expenses

  1. Instead of using a debit card or cash for paying monthly bills, shopping, dining or for fuel purchases. Try using a credit card to pay monthly bills on time this will help you to earn reward points. It enables you to avail discount and cashback offers. You can earn reward points on online and offline shopping, utility expenses, hotel or dining expense, fuel purchase, cabs fare, travel tickets, etc. There are so many ways to take advantage of those points so that you can use them to score free flights, free hotel room stays, and more.
  2. You use your phone for everything else, why not use it to save money? There are many apps that you can use for shopping that will save you money. These apps reward you for shopping frequently at one store, automatically apply coupons to your order, or help you earn cash back, making it easy to save money on the things you already purchase.
  3. If you own multiple credit cards then they can be used as an alternative payment option. Most of the people prefer carrying cards to cash. If the point of sale (PoS) machine fails during the transaction then you can use another credit card to make payment. 
  4. Credit card deals might be available for a limited time only, so check online often.  It allows you to avail discounts and cashback offers. Most of the banks have a tie-up with the online portal and offline merchants. They give exclusive offers, additional discounts and cash back. 
  5. Compare credit card offers before signing up for anything. Have you read the terms carefully? Based on your shopping habits, you'll find that there are certain credit cards that will suit your spending patterns better than others.

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