Let your Credit Cards pay you

We all use credit cards; they have become part of our daily life.  But do yours work for you or do you work to pay them?

 

Firstly if you have a balance which you can’t pay off this month you should move it to a card with a 0% balance transfer offer.  Then pay off the balance before the 0% interest expires (or transfer it to another one with 0%... but it is best to pay it off if you can, credit card interest is one of the highest rates out there)

Check out this link to see some of the many offers available

http://www.money.co.uk/credit-cards/0-Balance-Transfer-and-Purchase-Credit-Cards.htm

 

 

Now, your credit card should be paying you to spend on it.  (and some of them will pay you and allow you to transfer your balance at 0%)

There are many cards which offer rewards, you might want to collect air miles, Tesco or nectar points.  Or you might want to get cash back or vouchers to spend where you want…. check out these offers:  http://www.money.co.uk/credit-cards/reward-credit-cards.htm

 

For many years I collected Tesco points and redeemed them for days out with the kids or doubled them up to spend in store, but like many offers the number of points earned had been reduced so I have moved to the Barclaycard freedom card which allows me to spend the vouchers on shopping or leisure activities.  I am currently saving them up and will exchange them to reduce the cost of Christmas (and buy myself a treat!). 

I now pay for everything on my card and pay off the balance in full every month.  It gives me the credit card guarantee on my purchases and earns me money back.

 

Make your cards work for you too!

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