1 Credit Cards that help you Save Money

Credit cards have long been responsible for many of the financial pitfalls many people find themselves today. But credit cards do not make purchases, people do. This article does not promote the use of credit cards but only serves to inform people that there are other types of credit cards that reward people who use them with each purchase.

If you can’t stop yourself from getting a credit card then choose those that offer you discounts with every purchase. You can’t stop the banks from charging you with interest rates but if you can shave a few dollars then at least you’re not losing too much of your money.

Cash Back Credit Cards

CashBack Credit Cards are similar in principal to reward cards. The difference however, is that purchases should be made with partner businesses in order for you to qualify. People save on money by having discounts from selected retailers or

businesses that work with the bank. Each time you make a purchase from this store a small credit or cash back is credited to your account. This may come in the form of a discount on your next purchase or money is returned directly on your account from the discounted purchase.

Frequent Flyer Credit Cards

Frequent Flyer Credit Cards are perfect for the constant traveler. You could simply ask your bank for such programs or ask your preferred airline company for banks who are offering this type of credit card services. These credit cards still offer you the ability to make credit purchases but each time your use them for airline tickets you are rewarded with discounts or free tickets for your next flight.

Some airlines and banks also partner with hotels offering additional discounts to frequent flyers. With airline companies struggling to corner a larger part of the flying public it’s just a matter of time before you could find a bank offering frequent flyer credit cards.

No Annual Fee Credit Cards

Few people qualify for these types of credit cards that some people don’t even know they exist. The reason why no annual fee credit cards remain so elusive is because only a few people qualify. Low interest credit cards and no annual fee credit cards require good credit scores.

Rewards Credit Cards

Rewards Credit Cards offer users bonus points on every purchase they make. Of course this is not an excuse to go on a spending spree but make enough purchases and you’re bound to save money. Similar to cash back credit cards, these however do not require you to purchase from participating retail stores or businesses.

Low Interest Credit Cards

Everybody thinks that they’re currently using a Low Interest Credit Card only to be surprised that they are currently paying for interest higher than they ever had. No bank in their right minds would advertise their “real” interest rates. There would always be hidden charges included so be sure to read the fine lines before getting that credit card.

The rule is simple; people with a good credit history have lower interest rates. This is because they present a smaller risk compared to people with bad credit ratings. Work on your credit score and get your finances in order before getting a credit card.

Credit cards are ideal for people who don’t need them. This is because credit cards however good they are requires making purchases which is not a good idea for people trying to save money. The only way you could make money with a credit card is to use purchases for your business. You could never do with the interest rates but if you stand to make money with each purchase then it’s a good financial decision altogether.

About the Author:

Jason Vandermeulen is a business consultant and works with small businesses to improve their online profile. When he’s not at his office, he could be found writing for www.0balancetransfercreditcardshq.com.