Do you have a fear of overusing the credit card and ending up with a fat bill at the end of every month? Here are some of the tips which can guide you in efficient usage of credit cards in order to actually save some money. There are certain things which should always be bought using the credit card and they are:
1. Holidays, Flights, and Hotels:
While planning a holiday, you must make sure that all the bookings and reservations are made through your credit card. This will prevent you from overspending as you’ll be careful of the amount being charged to your card. Also, it will help in saving money for the shopping as well otherwise there are high chances that you won’t have anything left in your pocket.
2. Household Groceries:
You can effectively budget your weekly or monthly grocery expenditures by using a credit card. Most of the time, there are special discounts or rewards on the credit cards as well which also helps in saving a considerable amount of money.
According to Uswitch.com, “Compare rewards credit cards to see what loyalty points and discounts you can collect by simply shopping at your local supermarket.”
3. Purchases Made on Phone:
Always use a credit card while making a purchase through the phone. This way you are in a safe position if the product is never delivered at all. It might also help you out in being saved from a scam or a fraud.
4. Products which Come with Warranties:
There are credit cards which offer extended warranty policies on products and these warranties are way beyond the manufacturer’s warranty. Using a credit card is a lot better in this case as you can take advantage of longer warranty periods.
5. Huge Purchases:
While making big purchases, it is always a better idea to use the credit card. A lot of companies offer installments options which make the payments easier and affordable for the buyers. It is a better choice to get smaller credit card bills every month rather than spending a hefty amount of money all at once.
By using your credit card to make the above-mentioned purchases, you are not only saving yourself some money but improving your buying habits as well. If used in the right manner, credit cards can actually serve to improve your finances.
- credit card use: google