Best credit card for saving money
Though credit cards could be dangerous and could lead to mounting debts if they are not used properly, there are many prudent users of credit cards who are able to save money by using it. In this article, we will be looking at the best credit card for saving money. We will be looking at some useful tips that could make this possible. More interestingly, we will be looking at some of the BEST CREDIT CARDS TO SAVE MONEY. We hope that the information given in this article will be interesting and useful for all those who are keen on making use of credit cards intelligently and prudently and in the process also save some valuable and hard-earned money.
BIG PURCHASES
Big purchases are considered to be a great way to save money by using your credit. For example, if you have some big expenses such as buying a new television, or remodeling the kitchen or even taking care of your emergency medical bills, there are ways and means that could help you to save money. However, this may not be possible with each and every credit card that is available out there in the marketplace. You will have to do some research and then choose. There are some fabulous credit cards that come with an attractive 0% APR period. This could be a great way to finance your buying and at the same also stay benefitted with the right interest-free repayment period. Additionally, there are also many cards that offer extra benefits and these include product warranties, or cash back options, etc. These could go a long way in adding value to the various items you are buying or the services you are purchasing.
However, if you wish to maximize your savings, especially on large purchases, you must know where and how to start. While credit cards do help in buying the various things that you may need, you must keep in mind that you are incurring a debt. The debt must be repaid and you must plan for the repayment accordingly. Having said this, it is quite obvious that credit card issues are ready to offer the best of incentives for the way you use their cards. This perhaps explains the reason why many people prefer buying a big consumer durable using plastic cards or credit cards, rather than paying it off by cash.
We hope that we have been able to give some useful insight and information about the way in which a person can save by making use of credit for purchases of products and services. Let us now have a look at a few credit cards that are famous for offering avenues and methods by which the customers could end up saving some significant amount of money.
CAPITAL ONE QUICKSILVER
If you are looking for attractive ways to redeem cash on purchase of various products and services and also are keen on getting benefits of cash back rewards quite fast and efficiently, you could go in for this care. If you have a big sized one-time purchase of consumer durables or other such things, it may make a lot of sense to know a few things about this credit card.
The card offers cash awards of 1.5% and this is given in the form of cash back, on any purchases that you make. The price or the vendor from whom you buy does not make any difference. There is no cap on the upper limit of purchases and this is therefore a great incentive.
There are no annual fees for availing this credit card and the cash rewards associated with it are quite interesting. For example if anybody spends $500 using this card within the first three months, he or she will get an impressive amount of $200 as cash bonus. It is a simple but attractive way to incentivize those who are ready to spend on this credit card within three months of its activation. It also has 0% APR intro rate but this is only for the first 15 months. However, the APR will increase after the grace period and your creditworthiness could impact the APR that will be billed to you.
VISA PLATINUM CREDIT CARD – U. S. BANK
If you are one of those who have quite a few bills running into some big amount and need generous time to repay the same without the burden of interest, then you have many reasons to choose this Visa Platinum Credit Card from U. S. Bank. This credit card is popular because it offers 0% intro APR for the first 20 billing cycles and this could be a boon for those who are stuck with a lot of bills to tackle at a single point in time.
However, this credit card may be suitable for those who are ready to spread payment over a few months rather than accumulating points and cash back incentives. For example, if you are buying that favorite consumer durable for around $1000, you can comfortably repay it over a period of 20 billing cycles at the rate of $50 per cycle. However, make sure that you make this repayment before the variable APR starts coming into effect from the 21st billing cycle.
The card does not have any annual fee. You also get an exciting cell protection program. You get a coverage of $600 on stolen or broken phones and you can make claims on this twice a year. The deducted is $25.
SAVORONE CAPITAL ONE CREDIT CARD
This could be a suitable credit for those who are looking for exciting cash back offers. The SavorOne Credit card has perhaps one of the best cash back offers coupled with an APR moratorium that is more than 12 months.
It could be one of the best options for those who are into daily purchases. It also offers better incentives for big purchases. You also will be able to redeem the $200 cash reward because it applies to almost all purchases that you make. If you make purchases worth $500 in the first three months, you will be eligible for the $200 cash reward mentioned above. You also get 3% cash back on entertainment and dining, 2% on purchases made from grocery outlets and 1% on other purchases. There is no upper limit cap as far as cash back facilities are concerned. The more you purchase the more you get back by way of cash back offers.
CONCLUSION
The above are just a few of the most attractive credit cards out there in the market to help you save money. Do your research, get going, spend on big purchases and make money while you repay the purchases in easy installments.