How to Use Your Reward Credit Card to Save Money
Many people are reluctant to get a reward credit card becauseof the costs. True, the majority of reward credit cards have higher interest rates compared to their non-reward counterparts. However, you can avoid interest rate charges by paying off your monthly balance in full as well as managing your own reward credit card smartly. Someof the best rewards credit card actually offer 0% introductory rate which you can take advantage of. Consider these tips on how it is possible to use your reward credit card to save money. Charge only purchases that you can pay in full . Before charging any kind of purchase to your credit card, think cautiously if you are capable to pay off your full balance before the due date. This is the only way you can avoid the interest rate charges and also save you from the risk of bad debt. Don't be late with your payment . Another important step would be to submit your payments punctually not just to avoid the late fees but to avoid being penalized as well. Some credit cards with rewards possessvery strict rules or even a single late payment may causeyou to become disqualified from redeeming your rewards. ReadMore: How to Use Your Reward Credit Card to Save Money
Published on Jan 8, 2012
Many people are reluctant to get a reward credit card because of the costs. Consider these tips on how it is possible to use your reward cre...