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- Managing Credit Cards & Payment Options
Why credit cards saves you money
All the time we can hear a lot of people complain about that credit cards are very expencive to use, that the interest rates on credit cards are too high, and that these cards in general are close to rubbish. These stories aren't entirely true, because if you know how to use a credit card, it will definetly save you some money.
In norway we aren't that used to the word cashback, but it is getting more and more into stores and shops now these days. Cashback means basicly that that when you buy something, as a reward you get some of the money you spent back again. As for credit cards, this has now become one of the major ways to get new customers.
If you use a credit card that has cashback when you buy something, like for example gasoline, you will get refunded up to, in some cases as much as 12 %, but the more normal is between 1 and 4 % of the amount. The only thing is that you have to use the spesified credit card when you are paying for your goods or services.
One of the major issuers of credid cards in Norway, the Fokus Bank, have introduced a card that in many test have been said to be the best one of them all. The card, 365Privat, offers cashback when the holders buy fuel, shoes and clothes, and as a lot of people in Norway buy these items, this card will definetly save you some money.
There is a website or blog that has a lot of information about which cards offers which discounts, and what the annual fees are and so on. There you also will find useful tips and how to use your cards to save you as much money as possible. This blog is in norwegian, good luck!