Save Money on Credit Cards

Credit Card Debt If you have credit card debt, get rid of it asap. Small amounts of credit card debt can balloon into huge amounts if not paid. The following calculator shows how long it will take to pay off credit card debt:

Don’t Pay Annual Fees. Banks often sneak fees into your bill. If you recieve an unknown fee, complain to the bank to get it removed

Pay bill on time Late fees are exensive. Credit cards are great if you pay the bill on time every month. If not, a $50 pair of shoes could end up actually costing $300.

Rewards Cards If available look for credit cards that offer rewards. If you can get cash back, free gas, or cover some type of regular expense just by using your credit card, it might be a good deal to look into it. Try browsing CreditCards.com

Here are some credit cards that offer decent cash-back:

Citi Rewards Cards. I personally have a Citi card that has a very good rewards program. Unfortunately, it’s not available any more, but Citi still offers some decent cash back cards.

Other Recommend Cards. Jason Skinrood, of PlasticRewards.com, recommends these rewards cards to us:

  • Costco American Express: This card is quickly becoming very popular because of the large 3% gas rebate. Card features excellent customer service but you receive your rebate as a Costco gift card.
  • Discover More Cards: The cards feature excellent customer service and earn up to 5% cash back. Rebates are tiered and Discover offers additional promotions throughout the year.
  • Citi Forward Visa Card: Earn points that can be redeemed for cash back or other rewards on every purchase. Cardholders can also receive up to 2% APR reduction with responsible use.
  • IBERIABANK Visa Gold Card: This card for people with excellent credit earns a straight 1% cash back on all qualifying purchases. No
    cash back limits or expiration dates.

For REI Customers. The REI Visa card has also caught my eye. It has 1% cash back, and 5% cash back on REI purchases. But you have to be an REI member to qualify.

Airline Rewards Cards. I have looked at dozens of offers for credit cards that reward you with airline mileage. None of them are good, mostly because of hefty annual fees.

Proceed to Step 6: Phone, TV, and Internet

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