Saving Money With Credit Cards

To save money with credit cards, shop around for rewards credit cards with no fees. Trust me, they want your business; if you look around you'll find cards with no fees. Interest rates may be higher, but be smart: pay off everything in full every month and don't pay those ridiculously high interest fees. The most expensive things you'll buy (if you don't pay off the balance each month) are far more costly than your original bill. Bear in mind, credit card companies rely on you not being able to make full payments. That's how they earn their money.


Keep the habit of paying off the total bill each month and you'll not only earn rewards but also improve your credit rating.

Don't spend more than you can afford!

Comment Was this helpful? 3
Read More Comments

10 More Solutions

Share on ThriftyFunThis page contains the following solutions. Have something to add? Please share your solution!

I recently received my credit card bill and was happy to see my cash back amount earned was $120.00, which I called and had them apply to my bill. We only use one credit card and charge everything we purchase in a month.

Comment Was this helpful? Yes

June 5, 2006

I use my Citicard "Platinum Select Card" to buy gasoline. You save 5% of cost (about 15 cents/ gal.). It adds up . . .

Comment Was this helpful? 1

February 24, 2005

When trying to tackle your credit card debt, be sure to call your credit card company and ask for a lower rate. Tell them that you are shopping for a better interest rate and wanted to see what they had to offer first. They will often try to work with you to retain you as a customer.

Comment Was this helpful? Yes

This is how we turn the painful gas prices into a rewarding experience. If you don't already have a credit card that has rewards, research card companies that have great rewards.

Comment Was this helpful? Yes

Kelly Ann Butterbaugh
June 6, 2008

The scenario is familiar. At the check out counter of the local department store, the clerk asks if you would like to apply for the store's credit card. As a reward for signing, you receive an instant discount in the amount of 10% or even 15%. Do you sign on?

Store Credit?

Comment Was this helpful? Yes

November 2, 2005

Looking for a way to earn money? Apply for a credit card with an introductory rate of 0% interest for 12 months when you use the credit card checks....

Comment Was this helpful? Yes


Ask a QuestionHere are the questions asked by community members. Read on to see the answers provided by the ThriftyFun community or ask a new question.

November 7, 2008

I'm thinking about closing a credit card account because the creditor does not want to lower my APR. I've had the card almost 2 year and pay on time faithfully. But if I cancel will the APR continually accumulate on the balance or would it be whatever is left at the time of cancellation? Also, the credit card is through my bank. Do you think they'll make me close out my checking accounts with them?

Tantanisha from Sanford, FL


By Harry (Guest Post)
November 7, 20080 found this helpful

What you may think, what other people may respond with and how the credit card co. responds will be three different answers. I would suggest you call the credit card company and get their answer which I believe would be the more accurate. I am sure any balance you have will continue to have interest charged to it. You could also call your bank and speak someone who deals with credit cards.

Reply Was this helpful? Yes
By tantanisha (Guest Post)
November 7, 20080 found this helpful

Thank you for your input. I will do some calling around.

Reply Was this helpful? Yes
November 9, 20080 found this helpful

Look around online for a reputable credit card that has a great introductory rate and a better rate than you are getting now for the long run. Frequently they have no-fee balance transfers. Transfer the balance you have to the new card and then close the old one.

You are not required to have a credit card to have checking and savings accounts (they still make money off of any balance you keep with them). However make sure you keep whatever minimum balance is required so you don't pay big fees.

Meanwhile, do everything you possibly can to pay down your credit card balance as quickly as possible. You are NOT saving money by buying anything on sale if you are putting it on a credit card. Ideally, you should be able to pay off your credit card in full each month and use the card simply because it provides for faster checkout,returns of merchandise, and perks through whatever points program they offer
Good luck

Reply Was this helpful? Yes
November 9, 20080 found this helpful

Definitely talk to your credit card company. A friend of mine was able to persuade her own credit card company to giv her a 6-month moratorium on interest, essentially a promotional rate. Since my case with my own credit card company wasn't nearly as strong, I couldn't get the same deal. If you're in a position of strength, ask for a break, especially if you're cancelling the card anyway. Be aware, though, that unless you can qualify for a break, your card will continue to accrue interest until it's paid in full. Pay as much as you can, as quickly as you can, and cut up the thing when it's paid off - and don't forget to specify *in writing* that you want the account closed.

Reply Was this helpful? Yes
By Willene (Guest Post)
November 12, 20080 found this helpful

I know long time ago it was a good thing to CLOSE an credit card account but now they say it can hurt your credit report and credit score in the long run. You can go to website. He is a consumer guru from Atlanta Ga but you can pick him up on radio all over the country. He says to pay it off and every so often charge something on it to help your credit score. You could also say you got an offer from somewhere else and see if they will match it.


Reply Was this helpful? Yes
November 25, 20080 found this helpful

Try asking for a cut in the interest rate at different times-what does nt work at 4 pm sometimes works at 2 am-it s just getting the right person-persistance.

Reply Was this helpful? Yes
By Gail (Guest Post)
December 2, 20080 found this helpful

Be sure to read any terms and conditions or the fine print; my last credit card disclosure stated in the fine print that if I do not agree, they can close your account. I usually do call and ask nicely if there is a way of lowering my apr; and in most case they will if you are a good user.

Reply Was this helpful? Yes
July 23, 20090 found this helpful

I can't answer your question about rates going up on a closed account, but if you are attempting to build your credit, don't close the account unless you have to.

Closed credit card accounts lower your credit score. They say it lowers the amount of money you have access to. This information came from creditcheck online which reports your credit information from all three of the major credit agencies--Experian, Equifax, and the third one.

Reply Was this helpful? Yes
Answer this Question

June 9, 2017

Many people creatively use credit to overcome financial obstacles. This page contains information about making your dreams come true with a credit card.

Teenager With Credit Card

Read More... Pin it! Was this helpful? Yes

June 7, 2017

Credit cards can be very easy to use if you don't have cash on you, but make sure you can pay off the charges you make. This is a page about treat your credit card like real money.

Woman using Credit Card at store

Read More... Pin it! Was this helpful? Yes

May 2, 2013

This page contains credit card rewards tips. Make sure you get all available benefits from your credit account.

Credit Card

Read More... Pin it! Was this helpful? Yes
Budget & Finance Credit CardsMarch 29, 2012
Mother's Day Ideas!
Pest Control
Easter Ideas!
Ask a Question
Share a Post
Better LivingBudget & FinanceBusiness and LegalComputersConsumer AdviceCoronavirusCraftsEducationEntertainmentFood and RecipesHealth & BeautyHolidays and PartiesHome and GardenMake Your OwnOrganizingParentingPetsPhotosTravel and RecreationWeddings
Published by ThriftyFun.
Desktop Page | View Mobile
Disclaimer | Privacy Policy | Contact Us
Generated 2021-03-26 22:21:43 in 2 secs. ⛅️️
© 1997-2021 by Cumuli, Inc. All Rights Reserved.