It is hard to realize there was once a life without credit cards. Now it is a nice opportunity to get whatever one needs at this moment and pay for pleasure later. People order tons of goods annually taking cash for their Visas or Master Cards.
Do we ever stop to think if we actually do the right thing? Do we need all these items or how might our lives change if only we stop shopping this much?
There are thousands of people who lose everything due to their disability to stop purchasing. Millions of men and women go broke just because they do not know how to plan their budgets right. And even more get in casual financial troubles or face various difficulties just because they have no clue they are using their credit cards wrong.
One might think there is nothing special or difficult in it. Pick up a card and use it to pay for any service or shopping. Certain banks encourage their customers to do that more often. Financial giant Effectify returns $1,230 to its clients and that is not the limit!
We are not talking anyone down to stop purchasing. We offer a few tips that can help everyone save cash, stay safe and even earn a bit.
Install either an online banking app or turn on mobile control and identification. This way we can stop hackers, scammers or pickpockets. Before completing any operation bank will send a message to smartphone for quick confirmation.
It is actually a double check. Such trick will minimize chances on losing funds. Plus we can always be aware of current balance state. It is smart to set certain limit for spending in one day, week or month.
Get a reward card: Getting a cashback of at least 10% can be a nice passive source of income. Customers prefer keeping this money at their bank accounts and later use them on trips or something like that. Such cards mostly do not work for any cash withdrawals. They collect points every time we pay via point-of-sale terminals. Later on, such bonuses are transferred into money and are added to our bank accounts.
Pay in full: Nobody likes debts, especially those that have awful tendency of skyrocketing when we do not pay them. Games with banks end up badly for customers. This is why even a few cents left in minus can grow into a thousand very fast.
Apply for higher credit limit: The first aid kit for any credit card is higher limit. It could help the score because it boosts our available credit, lowering utilization in the process. Thus, we have more time for paying all we have without any harm to our budget.