As per a survey last year Americans were burdened with over $1,000 debts during the Christmas week. This was a 5% increase in the debt ratio from the year prior, and this year it looks something different.
However, savvy customers who would imply the correct credit card hacks in order to stand towards a big saving. 7 credit-card hacks to save money over the holidays- said the analyst at the CreditCards.com Ted Rossman. “For cardholders who can pay their balances in full and avoid interest, credit cards are an awesome tool to earn extra money around the holidays via cash back and/or travel rewards.”- He added.
Here are some of the hacks that would let you save this Christmas
Open a new credit card account that offers a huge intro bonus
This one of the prominent ways to save this holiday season. The market is flooded with a credit card that offers a fine introductory bonus or discounts on the first purchase made through it. Therefore, if you are able to grab such a credit card inside your wallet, you would eventually end you saving bucks.
For an instance, you would consider checking the Capital One Venture Credit Card as it currently comes with a good sign up bonus. Capital One also offers credit cards with a pre-approval GetMYOffer.CapitalOne.com. You can check the credit card at the website of Capital One and apply for one.
Consider Shopping with the Credit Card Issuer’s Online Portal
Companies like Ebates couple with the credit card rewards. In order to discover the best rebate programs, you can check through platforms such as Evreward.com and Cashback Monitor. When you enter the name of the retailer you will be able to compare the different rebate programs.
Check whether your Credit Card has a Rotating Rewards Categories
Some credit cards reward programs are built in such a manner that they rotate rewards. The Discover It Card DFS, + 0.84% is currently providing a 5% cash back when used for making a purchase on Amzon.com. Furthermore, while spending at Costco and other wholesale clubs one can save.
Furthermore, Discover Cards can be used for making online purchases at the Costco. In the same manner, the Chase Freedom Card is providing 5% cash back at the departmental store such as the Macy’s.
Do not redeem your Rewards Points for Gift Cards
Christmas Time is the time of the year when most of the people turn their gift cards for holiday gifts. That could be a blunder. You might take the American Express membership program. The members are showered with offered such as the $100 Nike Gift Card for 10,000 points. Such offers you let you save this Christmas.
