5 habits to help you flawlessly manage Credit Card spending
When it comes to making payments a credit card is probably one of the most consumer-friendly options. It offers several benefits ranging from convenient and secure payments to instant credit and added benefits such as discounts and cashback, all instantly, in a single swipe of your card.
However, if you underutilise your card, you may not be able to experience all the benefits that come with it. By cultivating just five positive consumer habits, you can emerge as a savvy Credit Card user and derive the most value from your card.
Unlock several opportunities — from earning rewards, air miles and cashback to accessing credit and making secure purchases. In a nutshell, continue reducing expenses while boosting your lifestyle.
5 tips to manage your Credit Card spending
1. Plan your expenses
Having access to credit is a great way to manage cash flows better. However, it can be tempting at times to spend beyond your means. The best approach is to create a spending budget that accounts for all your yearly needs, wants, savings, insurance, investments, and other expenditures.
Be sure to track your expenses so you stay on budget. Once you know exactly how much you need to spend every month, this data allows you to plan Credit Card spending better.
2. Put all spending on your Credit Card
When you shop using your Credit Card, you instantly earn reward points or cashback. You can redeem reward points in exchange for products, gift vouchers, or air miles. Hence, it is advisable to use your Credit Card to make as many purchases as possible because you earn rewards on every purchase late.
Don’t forget to redeem your reward points in exchange for important purchases or travel expenses. On the other hand, you can leverage
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