See how you could save more money with your credit cards
The tips below applies to you if you like to save more money like me. Upon making the slightest of changes, you will be amazed at how much money you can save each month when these small and simple expert strategies add up:
Enhance your bills
When you are being conscientious with your money, and try to put aside every dollar possible, it’s easy to undo all of your good work when you rack up late fees. But, Brittney Mayer, a credit strategist at CardRates.com, says automating your bill paying will put an end to that. In fact, she estimates that this strategy can save you a solid $30 a month! “It’s easy to do, not just through your bank but through your credit cards. You’ll never miss a payment again.”
Take advantage of card-issuer shopping/deals portals
A number of credit card issuers have created shopping portals and deals pages that offer discounts and rewards on just about everything, be it coffee, or hotel stays. It’s, therefore, a good idea to take advantage of those shopping-and-deal portals for things you are going to have to purchase anyway, and it could save you up to $20 a month.
Make sure to collect the rewards you’ve earned
If you are earning cash-back rewards, just be sure that you are taking the extra step to redeem them. For some credit cards, it can be as simple as a swipe on a smartphone app. For others, you may need to redeem them at the card site. So, if you have to take that extra step in order to redeem them, it can be too much for you, making it unlikely that you do it. The best solution would be to seek out a type of rewards card that works for you.
Take advantage of other credit card perks
Credit card companies offer you price protection and cash back, and many credit cards offer other perks too, including purchase protection, extended warranty coverage, and travel insurance. In fact, you can save an average of $15 per month by taking advantage of these perks.
Apply for a co-branded travel card
This is a credit card that is partnered with a travel company. Mayer says “Some co-branded travel cards offer things like free checked bags, in-flight discounts, free hotel stays, and room upgrades that can make your annual vacation much more affordable,” and estimates a savings of around $10 per month on average.
Look for 0 percent APR credit cards
If you carry a balance on your card try shopping around for a credit card that offers 0% APR. Your savings will vary depending on your balance, but, you are guaranteed to put dollars back into your pocket.
Transfer your credit card balance to a 0 percent card
If you’ve got that 0% APR card, use it to pay off the credit cards debt that are carrying higher percentage balances. Matt Shults of CompareCards.com says “It may sound counter-intuitive to get a new credit card in order to save money, but you absolutely can do it.” Just be sure to pay down that 0% APR card before the rate goes up. You usually have up to 12 months to do so, otherwise, you will end up right back where you started.
Improve your credit score
Consumers with a fair or poor credit rating often see monthly savings simply by improving the credit scores. Mayer says “Higher credit scores can lead to better credit offers, including lower interest rates, which can help consumers with debt save $10 or more each month in fees.”
Take advantage of free FICO tracking that cards offer
While trying to better your credit score, be sure to take advantage of credit cards that offer free monthly FICO tracking. Meyer says “This can represent a monthly savings of $15 or more versus purchasing scores and tracking through a third party.”
Take your savings account to an online bank
You also have the option of putting your savings into an online savings account recommends Brian Karimzad of MagnifyMoney.com: “Online savings accounts can earn over 2 percent per year in interest, with the same FDIC protection. That’s a higher interest rate than most bricks and mortar banks offer. If you keep $15,000 in your savings account, it could be $300 a year in savings—or about $25 per month.”
Download and use shopping rewards apps
Use rebate sites and discount apps to save money, such as Ebates, NerdWallet, and Ibotta. It’s basically an extra layer of savings before you get cash back from your credit cards. Just connect your existing credit cards, shop for deals at participating stores and the cash back will show up on your credit card statement.
There’s an app that audits your recurring charges
Looking for a more efficient way to track those monthly subscriptions? The app Trim can do the auditing for you. It scans your transactions on a recurring basis and cancels anything you don’t want to keep paying for. Be aware that Trim charges a $6 for ‘hard to cancel’ subscriptions, such as those that require notice by certified mail.
Find a credit card that offers price protection
Some credit cards will automatically hunt for lower prices on your recent purchases and refund the difference. This is called price protection which can save you up to $1,000 a year, meaning you could save as much as $83 per month.
Using Credit cards? can we we deduce that Life truly been made Easier with Online Shopping ?
It is very obvious and glaring that Online shopping is no longer a stranger in Nigeria. Nigerians are now used to buying and even selling online. Despite this trend, some Nigerians still question if online shopping has truly made life easier. The truth is online shopping has truly made life easier and here are some of the ways it has made life easy for everyone who shops online.
You can find low prices/discounts
Shopping online platform provides cheaper deals and better prices than the physical stores do most times. Many online shops offer discounted coupons and really low prices for their goods and this is super sweet. Who doesn’t want to save money? Many people do agree to get cheaper deals online than they would in the physical local stores and this is beneficial to our finances.
Easy and Convenient
This is the most beneficial factor for me. You don’t have to go looking in different shops to meet your demands nor wait in any queue or for some shop assistants. You can also do your shopping 24/7 right in the comfort of your home or office and have them delivered at your doorstep, i mean what more can one ask for?.
There are numerous varieties to choose from
Online shops provide amazing varieties. You can get different sizes, shapes and colours of your choice, different products from different sellers, all in one place! You can even read up the product reviews from those who have used the product firsthand. This helps your choices. Most times, the local shops do not have this at your disposal.
Impulse buying is Limited
Assuming you want to buy curtains for your room, you only need to look up the ‘interiors’ category and select from the varieties made available for you and then check out. For the local stores, it is sometimes different. You originally go to buy a bag, the shop assistants skillfully offer you a matching shoe. And all of a sudden, you’re sighting a beautiful dress to go with it. This means online shopping doesn’t force or compel you to buy what you may not like at the end of the day. You have all the time in the world to make a choice of your own.
There is nothing like a crowd when you shop on an online shopping platform like Jumia. You can shop at your own convenience without anyone disturbing you. The experience is smooth and exciting.
Online Shopping Versus Shopping in a Store, Which is more preferrable..Drop your comments below