Giving credit where it is due
There are a wide variety of benefits starting with introductory gifts and following that up with offers of the like of cash-back, Air miles, free holidays. As you can take your pick of the offers, it means you can make the most of your credit cards and if you do your research well it will definitely be to your credit.
Cash Back Credit Card is the perfect solution for those who need a little more savings to stretch their monthly budgets. Cash Back Cardholders get a fixed portion of their daily expenses refunded in the form of hard cash. While most cash back cards usually offer cash back benefits on transaction made at select retailers or based on spending slabs, the card that I use offers flat 5% cash back for all purchases.
Loyalty card schemes are increasing in popularity. Super markets, bookshops, hotel, shopping centers and even spas are offering incentives to keep customers visiting then regularly. Research says that loyalty cards can influence customers spending decisions. These programs see high returns and works as a clever marketing tool that is beneficial to both parties. We feed sad that we could not redeem our last set of incentive points of our supermarket loyalty card in Dubai.
Avoid DebtsThe principle prerequisite of using a card is to avoid the debt trap. To get it right one need to follow some fundamental rules. Here are a few from the experts:
- Stick with one card (It is difficult and I myself have quite a few)
- Learn the difference between ’need’ and ‘want’ for each purchase you consider making.
- Charge your card only that much which you can pay off in full each month. Never carry a balance. Do not max out your cards or charge up to the limit, even if you intend to pay off the balance in full at the end of the month.
- The first bank credit card “Charge It” was invented by John Biggins in 1946.