No credit card yet? Read my Credit Card Tips here.
If you have a credit card, read my personal tips on how you can save money.
1. Waive your Annual Fee
Annual fee is not cheap so as much as possible I try to maintain one card only so less temptation and less annual fee. Every year, we call our credit card company to waive our annual fee, which is always granted.
But time came that they don’t want to waive our annual fee, they only offered 50% which we accepted. But because of that, we decided to apply in other credit card companies and they always waive our annual fee, no conditions and no questions asked.
So we stopped using our old credit cards and we even called them to cancel the cards but they are offering now free annual fee, just don’t cancel the card. Weird noh?
2. If possible, always use your credit card
As much as possible I always use my credit card because I can earn....
A. Points - points that I can use to redeem products. I was able to redeem stand fan using my points.
POINTS = FREE PRODUCTS
B. Cash Rebates - yes, cash rebates. You can earn a certain percentage when you use your cards in supermarket, bills payment and more. We use our points to pay our bill.
POINTS = CASH
Read: Citi Cashback Card
C. Miles - if you love to travel, earn more miles by using your credit card. Transfer these miles to your preferred airline, in our case we transfer it to Mabuhay Miles (Philippine Airlines).
POINTS = FREE TICKETS
D. FREE eGift Credits
We are not aware of the existing promos so we were surprised when we received SMS stating that we have free eGift credits worth P10,000 that we can use to purchase eGift vouchers from any participating merchants.
SPEND = FREE SHOPPING CREDITS
Read: Spending our Free P10,000 eGift Credits
3. Save some centavos
If you will notice whenever we buy stuff or pay meals, we don’t get EXACT CHANGE. For example, I ate in one restaurant and my bill is P689.11, I gave them P1000 and I only received P310, I lost the P0.89 centavos. I understand if the cashier gave me P310.75 but she didn’t. I know it is just centavos but if it will happen every time I eat and buy stuff, those centavos can add to my savings.
4. Earn some pesos
In buying appliances or furniture, always ask if there are discounts if you will pay in cash. If there are no discounts, take advantage the installment plan so you can earn some pesos.
How? Several years ago, I bought my laptop in installment basis, I have the money to pay the laptop in cash but I chose the installment plan. I only withdraw the amount that I need for the installment every month, in that way, my money is still earning interest in my savings account.
Be updated in all the credit card promos. In the past, we were able to get free Starbucks beverage, free meals and Caltex gas rebate by just using our card. Sometimes free entrance fee in travel expo.
Nowadays, there are so many discounts that you can avail because your credit card companies have different partners. There are hotels, restaurants and airlines discounts that you can take advantage.
Several years ago we bought gas range and the Service Staff informed us that if we will buy it using our card and avail the installment promo, we can get additional 2% discount.
Here are my personal tips and hope this helps. Feel free to share your personal tips.
Note: Do not use your credit card if you do not have the money to pay your due. Be careful in using it to avoid the hackers.
Read: My Credit Card was Hacked