Save Money With Your Creditcard
Save Money With Your Creditcard
By KingBob
Nowadays, if you don’t have a credit card, life becomes inconvenient and you lose money. While the former is well-understood, why would you lose money not using a credit card? Because the cash prices are mostly the same as the charge prices despite of a 3~5% markup by credit card companies. Interest on cash for the grace period and the rewards from credit card issuers would set you back 2~3% of your total spending.
However, if you do use credit cards, there’s a chance you’ll rack up high-interest debts. Following are a few strategies to rip the rewards and yet avoid the debts. If you don’t have the cash at all, don’t apply for any plastics, period. Credit card debts are the worst loan with the highest interest. It’s better to be debt free.
If the cash will be available later, choose a card with 0% APR introduction period for 6 ~
Now you understand why your debts have reached such a level it is time to grab the bull by the horns and do something to resolve the situation and this is best done by debt consolidation loans which perform the task of rolling all the debts into one lower monthly payment. 
The best way to organize this debt consolidation is by considering either secured loans or which take the place of all the debts and replaces them with one much lower repayment each month.
Remortgages at present have interest rates starting from only 1.84% and secured loans have rates commencing at from about 9%
When these low and secured loans are compared to the high interest home improvement loans and credit cards it must be clear that not only will there be a big saving but that financial life will become easier.
Champion Finance has been arranging secured loans since 1985.They also arrange whole of the market mortgages and remortgages. They also offer debt consolidation, debt advice and debt solutions of all kinds. When you need debt advice, a mortgage, secured loan or a remortgage always come first to Champion Finance.12 months. This is like interest-free loan. Do read the fine prints regarding terms and conditions. Put a reminder in your calendar a month before the introduction period is over. Pay up the debt and cancel the card.
If you have the cash, choose a card with highest desirable rewards. There is a large array of rewards that you can choose from: cash-back or rebate (some up to 5% of purchases), hotel or travel points, points for groceries/goods, frequent flyer miles, gas reward, earning towards a new vehicle, you name it. Annual fee is bank’s pure profit. Don’t choose cards with annual fee. Not worth it. Put every purchase on the card and make sure you pay up your monthly spending on time.
Do use your calendar to trigger events on payment and cancellation. You’ll be on your way to beat the credit card company and get a good reward by year end.
Bob King is the founder and voice behind Cross Border Shopping and Digital economy
