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Five Clever Ways to Save Money Using Your Credit Card
Using a credit card can be great for spreading the cost of big purchases, gaining purchase protection, and having a convenient way of paying for things. But you may not realize that you can also use your card to save money, as long as you use it wisely.
Here are just five clever ways in which you can save money using your credit card.
1. You Could Transfer Balances to Reduce Your Interest
If you have a credit card with a high interest rate, you could transfer the balance to a credit card that has a lower interest rate to help you make substantial savings.
Indeed, you could save hundreds of dollars. If you take advantage of a balance transfer with 0% APR, you’ll gain time to pay off your balance without having to accumulate interest.
For instance, if you move a balance of $3,000 at 17% to a card that has 0% APR for twelve months, you could save nearly $400.
You just need to ensure that you’re able to pay enough on a monthly basis in order to bring your balance back down to zero within the introductory period.
2. Make Savings on Purchases with the Discount Mall
Many of the leading credit card companies partner with retailers to provide credit card holders with regular discounts on purchases. That’s known as a discount mall.
While you’ll need to be organized and plan ahead, you can potentially save money on all kinds of purchases, from wellness spas to cinema tickets, by using a credit card company’s discount mall.
You should be able to find out which companies partner with your credit card company by looking on your card issuer’s website.
3. Look for Sign-up Bonuses
While you shouldn’t get a new credit card just for the sake of it, which could potentially actually damage your credit, if you’re already planning on opening a new credit card account, spend time comparing different card companies to find one that offers a great sign-up bonus.
You could get cash for signing up for a new credit card or you could earn points to spend on things like airline tickets. Though, there are other ways of finding cheap flights.
To save money via accessing a sign-up bonus, you’ll typically need to spend a certain amount on your card within the first few months. So, weigh up how much you could potentially save to see if this is a viable option.
If you have to spend more than you can save, you might be better off using another method to save money using your credit card
4. Take Full Advantage of Cashback Rewards
One excellent way of saving money with your credit card is to use a card that enables you to accumulate cash rewards.
If you’re able to use your credit card to pay for the majority of your expenses, you could max out your cash earnings. For instance, with the use of a credit card from SoFi, you can earn up to 3% cashback.
Simply get approved for a SoFi credit card and you can get 3% cashback rewards for a whole year. Furthermore, you get an additional $300 bonus and the chance to win a welcome bonus of up to $10,000 in reward points.
5. Look for a Credit Card That Waives International Transaction Fees
If you travel internationally on a regular basis, you’re sure to have noticed how much transaction fees can be for using your credit card abroad. With fees on transactions typically costing 3%, those fees can soon add up.
The good news is some credit card companies waive foreign transaction fees. By finding a company that waives those fees, you can make significant savings when you travel overseas.
Also Interesting
Blue Jays Keep The Hot Stove Burning After Massive December Moves
The Toronto Blue Jays are certainly keeping things interesting this winter. While the calendar might say late December, the front office shows no signs of slowing down. They have already made waves across MLB with some massive acquisitions earlier in the month.
Rather than packing it in for the holidays, the management team is seemingly working overtime. Their goal is to build a roster that can truly compete for a championship in 2026.
Although there are no more signing announcements for the end of the year, the silence is likely temporary. Reports indicate that the team is actively pursuing several more roster improvements before the new year begins.
A Rotation Built To Dominate
The team made their intentions clear in early December. They successfully signed Dylan Cease to a massive seven-year, $210 million contract. This deal, which became official around December 8, instantly transforms the Toronto rotation into one of the strongest in MLB.
Moreover, they did not stop with just one big arm. The front office added significant depth by bringing in KBO MVP Cody Ponce on a three-year deal worth $30 million. This gives the team a level of stability that was missing in previous seasons.
With such dramatic changes to the roster, fans might be looking for a clear overview of licensed Ontario sportsbooks to understand how these moves have impacted the team’s championship odds. It is certainly a different looking team than the one that ended the last season.
Targets for the Bullpen and Lineup
It seems that the focus has now shifted from the starting rotation to other needs. Agents around the league note that the Jays remain “everywhere” in trade talks. The priority is now on finding high-leverage arms and position players to round out the squad.
The front office is reportedly looking at several specific targets:
- Robert Suarez is a primary target to help lock down the late innings.
- Luke Weaver is being considered to add veteran versatility to the staff.
- Depth pieces for the lineup are being sought to support the core hitters.
- Internal extensions remain a key part of the winter strategy.
Due to the heavy spending on Cease and Ponce, these next moves will likely be strategic. The team is looking for the right fit to complement their new stars.
The Future of the Infield and Management
Conversations are actively continuing with free agent Bo Bichette. Bringing him back is a major topic of discussion among the fanbase, even if no deal is imminent yet. Furthermore, the team has been linked to prospect Kyle Tucker, suggesting they are keeping an eye on the future as well as the present.
Manager John Schneider has also expressed optimism regarding his own contract extension. However, he made it clear that building the team comes first. Therefore, while the heavy lifting might seem done, the work continues behind the scenes.
To be sure, the MLB offseason is long. But the Toronto Blue Jays have started fast, and they seem determined to finish strong.
Also Interesting
BCU Financial: A Trusted Credit Union for the Ukrainian Community in Canada
We wanted to know what to do if you came to Canada for temporary or permanent residence. Many Ukrainians have arrived in the country, and many don’t know where to begin their financial journey. People often turn to traditional banks, where they encounter problems due to a lack of language skills and basic understanding of Canadian financial processes. We found an alternative – a credit union in Toronto. Today, we’ll look at one of the most well-known and learn more about what they have to offer Ukrainians.
What is a Credit Union in Toronto
These organisations differ from the typical bank for Ukrainians. They offer more flexible conditions, convenient online management, and a personalised approach.
However, these organisations are just as safe and reliable as banks. Let’s look at reliability using the example of the well-known BCU Financial:
- With over 70 years on the market. This credit union in Toronto has a dedicated client base with decades of experience.
- Extensive experience. Indeed, over more than 7 decades, its specialists have become experts in financial matters.
- Branches available. You can visit the office for face-to-face interaction.
- Active in the social life of the Ukrainian community. Buduchnist Credit Union provides financial support to schools, churches, and communication centres for Ukrainian newcomers.
As you can see, such companies have stability and experience. Now let’s look at how they differ from banks in financial matters.
Ukrainian Credit Union Toronto: Differences from a Traditional Bank
Firstly, such organizations welcome a personalized approach to Ukrainians. They are more flexible when it comes to obtaining a loan. Newcomers in Canada are working on receiving a good credit history. Banks always request one when reviewing a loan application.
Secondly, you can receive advice in your native language. Most Canadian banks don’t have multilingual consultants and respond only to inquiries in English or French. If, for example, you need help with a scholarship card, you’ll have to call a translator.
Third, you’ll get more flexible and understated banking for Ukrainians. It includes the ability to submit an app online. It provides such services as ordering credit cards, applying for a loan, or opening an account.
Conclusions
Credit unions are much easier for Ukrainians to work with. They speak your language, can provide advice on finances and their specific needs in Canada, and offer flexible terms. They also provide full-fledged online banking, so familiar to Ukrainians. You also become part of the community because, as a credit union member, you are, to a certain extent, its co-owner.
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