Be Smart – Pay for these with Your Credit Card
A credit card is indeed a double-edged sword, and those who do not know it well may totally shun it. However, the wise customer has learnt to control them, rather than be controlled by the card. Credit card rewards and privileges are the main attraction for consumers to sign up for cards. If you know you are going to spend the money anyway, why not use a credit card to pay and enjoy the perks that comes with it? Featured below are some purchases where you are better off paying with your plastic:
The E-commerce market in Singapore alone is worth more than $3 billion a year and how else is the best way to pay than using a credit card? You can of course use paypal, but setting up can be a hassle. What’s more, banks are now taking the Great Singapore Sale(GSS) online with partner discounts with online merchant, thus giving you more savings if you pay on your credit card.
Air tickets are not cheap, especially if you are paying for your entire family. The total bill can easily come up to thousands of dollars so why not use your card to accumulate air miles or cash rebates instead? Buying air tickets with a related air miles card is especially beneficial since there are added ‘reward miles’ with an affiliated airline.
For hotel bookings, there are plenty of third-party sites such as Agoda.com and Booking.com that allow consumers to find and book hotels directly. Using a dedicated travel card can earn you extra discounts on merchant websites. As well, a great advantage of these sites is that most offer a full refund if you change your mind about a booking before a certain deadline. This means that when you book, the site simply put a hold on your credit card instead of charging directly so there’s no hassle of refunds during cancellations.
Furniture or Electrical Appliances
The thing about using your credit card to pay for expensive items is that you do not need to worry about bringing a large amount of cash to the shop. For instance, if you are planning to buy a new bed at the furniture shop today, can you be sure about how much to withdraw from your bank to bring the cash with you? Using a card gives you the convenience to pay any amount you want, as long as it is within the credit limit. As well, most cards come with a 0% instalment plan, so you can always choose this option if you decide to spread out your purchase over the next few months.
If you are looking to earn some cash rebates with your cards, the best way is to ensure you transfer all your bills to be paid automatically by your credit card each month. This helps in meeting the minimum spending clause that typically comes with a cashback card, and consolidates all your bills under one statement for easy tracking. Think about it, you are going to have to pay for the bills anyway, so why not earn some free cash in return?
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