How to save from the credit card?

When we make our family budget revenue and expenditure for the year, we plan to have a certain amount of money as savings, after recording all other costs, which include vacations, clothes, super, and other expenses that can be paid using a credit card.

It is highly recommended that we discuss the benefits offered by the bank cards such as points, discounts and rebates for purchases, to be able to include as part of the savings plan, increasing the percentage or amount for this important area. Now offer credit cards, among others, the following benefits: Points Points are awarded for participating in some buying, although many are not all so it is important to consult with your bank to go to participating retailers.

These points can mean an advantage to save time because they accumulate in an account to make purchases or other provisions of cash. Promotions The incentive offered by the banks to use credit cards tend to be very attractive promotions is the case for buying in volume or seasons. We must be very careful when it comes to groceries or supplies for basic consumption at home, because you can buy at a price much lower than we would cost to buy in smaller quantities throughout the year.

Repayments This benefit is one of the closest we can build on our personal savings. Some credit cards offer to repay a percentage of purchases made through our credit card. We can apply this discount to our annual budget, increasing household savings. Verify that your bank offers it and not get carried away, buying more than they need.

Transfer balances with lower rates and increased the credit limit The amount budgeted for the payment of credit cards can be reduced if we consider the options offered in the market consolidating debts with a lower rate and increasing the credit limit. This will also affect the level of projected savings. Free Miles It is very important to consider this benefit to plan our holiday because it's free mileage may represent a good savings to pay.

This advantage can mean a very high percentage of the budget for holiday, resulting in an increase in our savings fund. Cards without charge (for the disposal of cash and transfers) If we add the fees for the disposal of cash or transfers between cards, the annual result is usually quite high. Today there are options that do not charge such a commission, a change to them, saving the expense and had considered and include in his proposed savings. No annual fee Although at first glance seem a low annual fee, if we eliminate from our budget will become part of our annual savings fund.

Currently, the banks offer cards that do not retain this quota. Free Life Insurance and Personal Accident. Supplement the coverage of its life insurance and accident insurance offered by taking advantage of some credit cards. In most cases, are free and allow you to save some of their insurance premiums, you can become a significant sum in its annual budget. Loyalty points Deciding which credit card is what we need, requires a special analysis. A credit card becomes part of our personal finances, which gives us the benefits are varied and very useful, and because it lies in our credit history. Therefore we recommend that you analyze all the benefits and options before deciding to hire the card you use for a long time, since as it will marry her, and her loyalty to her is that rewards can also help saving.

Loyalty points are much appreciated by financial institutions because they can determine the kind of customer who we are and our age, providing benefits such as preferential rates, awards, major credit services free and focus, among others. These are some of the benefits obtained through the use of credit cards. Will help us save a higher percentage of what we had planned in the annual budget. Our recommendation is to conduct a special plan to take each and every one of these savings opportunities throughout the year. We are confident that the savings rate will be much greater than it has budgeted