Use credit cards efficiently and save big !

To use your credit card limit to save money, you should select a credit card that offers special offers, benefits and the reward points with which you can get discounts, free products or cash back on online shopping.


Credit Period

Be aware of when your credit period ends and make sure you pay before the due date, otherwise you may incur interest charges.


Interest Rate

The interest rate is one of the most important factors in choosing a credit card.  It varies from 6% to 25% depending on the bank and type of credit card. Less the better.


Spend Limit

Don’t ignore the limit – By ignoring the credit card limit, you are likely overspending and risking going into debt.


Discount Programs

Few credit cards offer discount programs which means that you can get discounts for things like groceries or online purchases just by having the card.  Make sure to take advantage of those offers.


Lounge Access

It’s worth checking the rewards scheme in detail, some providers give customers the ability to enjoy access to airport lounges, often with discounts.  Food is usually free with this access.


Free Movies

Find out if your card offers free movie tickets or discounts to cinema, which could be an excellent way to have a night out without spending anything.


Cash  Withdrawal 

Don’t withdraw cash from an ATM using your credit card as the interest and charges are imposed immediately.


Improve credit score

Using credit cards will  help build up your credit score over time and let you build up a larger credit history.  However, don’t misuse the cards.