Credit Card eZine - News and Articles about Credit Cards
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The Benefits of Using a Credit Card for Everyday Expenses
[October 15th, 2014]
You may think of your credit card as something you can use for traveling, entertaining, and shopping—but when it comes to paying bills and other everyday expenses, you might not reach for your wallet to pull out the plastic. But this could be a big mistake. Using your credit card to pay for things like groceries, gas, and other everyday items offers benefits you may not have thought of. Here are three ways that using your credit card for expenses can add up to big advantages for your bottom line:
- Stop paying late fees. If you sometimes forget when your utilities and other monthly bills are due, you might end up paying a chunk of money in late fees each month. But when you set up your credit card to pay these expenses automatically for you, you’ll be able to stop worrying about whether or not you’ve missed a payment. It’s easy to set up automatic payments. Just go to the online account center for your card, enter the information for the bill you’d like to pay, the date you want the pay it each month, and for how much.
- Track your budget. Many credit cards have handy online tools for analyzing your spending and keeping track of your budget. Your expenses will be categorized, and you can download your spending patterns to financial programs like Quicken, Mint, or Excel. If you don’t use your credit card to pay these bills, it might be hard to keep track of what you spend. Putting everything on the card makes it that much easier to analyze where your money is going.
- Get money back. Or free airline tickets, hotel stays, car rentals, gift cards, cruises, train trips—the sky’s the limit. Credit card rewards come in so many different varieties, there’s sure to be one that will suit you. When you spend more on your credit card, you’ll earn more rewards. Pick a rewards card that works for you, and you’ll be able to maximize your point, mile, or cash back earnings by putting the majority of your spending on the card. Enjoy a vacation or a shopping trip using the rewards, and you’ll be glad you paid the heating bill with your credit card all winter long.
If you want, you can have multiple credit cards for different uses. Have one card for groceries, one for utilities, and one for dining out and traveling. Look for cards that give double points on categories that you’ll use the most, and fill your wallet with cards that will reward you for all your spending.
If you’re going to spend the money, you might as well make it work for you. The end of late fees, a convenient budget-tracking tool, and plenty of credit card rewards await you.
[April 13, 2017]
If you’re planning a trip in the near future, you might want to look for a flight on Southwest Airlines and try to book a reservation at a Marriott Courtyard hotel.
The two companies just earned high ratings for customer service from the 2017 Temkin Experience Ratings, a yearly ranking of comp...
[March 30, 2017]
If you’d like to donate more money to good causes, but you never seem to get around to setting up the donations, a new app will make it easier to be generous.
The app, called Movements, lets users donate small amounts that come from their credit cards. Here’s how it works: people choose a pro...
[March 15, 2017]
Commuters who spend a lot of time in the car will be happy to hear that there’s a new way for them to fuel up fast and pay quickly and securely, without even getting out of the car.
Gulf Oil is launching a new mobile payment app, called Gulf Pay. This lets drivers drive to the nearest Gulf stat...