Your credit card just doesn’t come with ease of shopping and making payments, it is also one of the finest ways you can save money. This depends a lot upon the way you use your card and the kind of card you opt for. Let’s look at some of the most innovative ways one can make money from their credit card:
- Using the cashback credit card
One of the best credit cards that can help you save money is the cashback card. Many banks come with a line of credit cards that provides you with amazing cash rebate rates at dining, entertainment, and shopping among many other categories. With all the purchases carried out through your cashback credit card, you can earn a cash rebate that is directly reflected into your account. By finding the best cashback card to suit your purchasing needs, you can save money easily.
- The Balance Transfer feature
Most of the credit cards come with a balance transfer feature that allows you to transfer funds onto the card from other bank credit cards. Through this feature, you can choose to transfer funds onto the credit card with lower interest rates. This way you can manage your funds and also save some money.
- Reward points
One of the most amazing way to save money through your credit card is by earning reward points on the card. Many banks offers you a wide array of credit card that come with an attractive reward points on dining, entertainment, traveling, education, and shopping among many other transactions. You should choose wisely and opt for the credit card with bonus reward points as well as the one that earns you more rewards points with your purchases. These points can be used for multiple purposes like to redeem gifts, make your traveling easy etc.
- Instalment Plans
One of the most innovative ways to save money with your credit card is to convert the payment of your purchases into affordable monthly instalments. Many banks offer a 0% instalment plan that splits the payment into equal and affordable monthly instalments and charges an interest rate of 0%. By finding such credit card with a 0% instalment plans, you save the money and arrange your funds wisely.
- All round benefits
The credit cards come with amazing all round benefits that include discounts and deals with hotels and restaurants. The traveling-centred credit cards focus on making your traveling and stay pleasant with discounts with hotels, whereas the dining and shopping relates cards help you find amazing deals dining and shopping. You can also save money with credit cards by opting for the card with low/no foreign transaction fee. Other benefits include the extended warranty you get on the electronic products, price adjustments, and low rates on insurances.