Use Credit Cards Only When You Get Useful Bonuses Back
Not all credit cards are created equal . While we usually view them as a way of buying things, you can save a lot of hassle and get more out of them if you only allow yourself to buy things on credit when you have additional perks.
When used correctly, reward cards can provide you with beneficial perks that will increase your financial life, instead of just risking paying interest. Like everything in the world of credit, it takes discipline. One way to control yourself is to never allow yourself to shop unless you have the appropriate perk. As the Daily Worth points out:
If you don’t have a balance, you might be missing out on free cash in the form of cash rebates, frequent flyer points, and other benefits. If you don’t follow complex reward programs, you can make things easier by using a money back card.
Of course, this can include almost anything if you are using a money back bonus card, but it’s still better than nothing. However, some cards offer discounts on gas or give you better rewards when you shop at certain locations. By focusing on the benefits rather than the available balance, you can potentially bypass your own impulse purchases.
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