|
Another thing is credit card rewards. I have two credit cards right now, and I pay them both off every month. Well actually I pay one off each month and the other one hasn't been used in six months. Why? Rewards. The one card I got when I was in college doesn't have any rewards at all. The other one I got earlier this year gives me 1% cash back on all purchases at the end of each year. As a result I use that card a lot, even for normal everyday purchases. Since it's paid off each month I'm not accruing interest, so it makes sense to use the card instead of writing a check. I'll get about $60 back at the end of this year. Not a ton, but every bit helps.
It also helps to look at what kind of rewards you get on a card. Points? Miles? Can they be redeemed at stores you shop at regularly? I don't know a whole lot about those types of programs, but most of the ones I've researched wouldn't work for me since I would not be able to redeem the awards any where I want. Make sure any rewards program is worthwhile.
|