Top 10 Ways To Save Money On Credit Cards

The following tips are basic principles about obtainingtime to read them.
and using credit cards that can save you some5. Ask for a Better Rate - Once you have been a
serious cash and keep you out of debt.credit card customer for a few months call them and
10. Have at Least One Credit Card for Emergencies -ask for a better rate. They won't laugh at you, they
While we highly recommend having a rainy day fundget hundreds of these calls every day and if you've
for emergencies rather than relying strictly on creditbeen a good customer it usually will work. Credit card
cards, having a credit card with a low interest ratecompanies work hard to obtain you as a customer
"just incase" is a good idea.and they will work hard to retain you.
9. Rewards are not so Rewarding - Rewards can be4. Pay Off Full Balance Every Month - All credit cards
a good thing, but only if used correctly. Rewardshave high interest rates compared to other types of
cards typically have a higher interest rate than regularloans. You should never plan to carry a balance on a
credit cards, with the value of the rewards justifyingcredit card. If you must make a large purchase that
the extra expense. The rewards are not usually asyou do not have the money for at the time, obtain a
valuable as you may think. Typically the value of theloan or a revolving line of credit from your bank. You
reward is around 1 cent per dollar charged and oftenwill save a bundle on interest rates.
the rewards expire at the end of the year if you3. Work with Retention Department - If you ever
don't use them. If you pay off your balance in fullfeel you are being treated unjustly by your credit
each month and charge a lot they can be worthcard issuer, a simple threat to leave will get you
while, otherwise you're better off with atransferred to the retention department. This
non-rewards card.department will be MUCH more helpful to you and will
8. Have Two Credit Cards - If you do plan to takeusually do whatever it takes within reason to get
advantage of rewards, we recommend you carryyou to stay.
two credit cards. The rewards card for making your2. Do not get a Cash Advance - This is the second
daily expenses that you will pay off in full eachworse thing you can do with a credit card, short of
month and a second card with the lowest possiblemissing a payment is getting a cash advance. The
interest rate to cover any emergency expensescash advances usually come with a very high interest
when you won't be able to pay off the balance in fullrate. What makes it worse is the fact that with
by the end of the month.most companies this higher rate credit will not get
7. Shop Around - Don't apply for the firstpaid off first, or even in the order that you took it
"pre-approved" offer you receive in the mail or anyout. They will apply your payments towards all the
for that matter. Do the research for yourself. Therelower rate purchases and will only begin paying off
are plenty of sites such as that allow you toyour high interest cash advance will all other items on
compare hundreds of credit card offers with a simplethat credit card have been paid off.
search. You'll get the best deal by shopping around.1. Never, EVER Miss a Payment - This is the absolute
6. Read the Terms - The terms and conditions areworse thing you can do with a credit card. Not only
the equivalent of the disclaimer you hear on car lotwill you incur a late fee, but your interest rate will
commercials. It cuts through the hype and revealsalso skyrocket. In addition it will be a negative blemish
the true terms of the credit card such as whaton your credit report which can cause the rate on
happens when you miss a payment and what you'reany other loans or credit cards you have to increase
really getting from the rewards. Most terms are notas well as insurance rates. It also makes you less
that long, usually around one full page, it's worth yourlikely to get approved for future credit.