Mar 3, 2010

Smart Shopping With Credit Cards

Owning a credit card is not at all a bad thing as some are led to think. Sure it can be tempting to shop till you drop as a credit card allows you more freedom to shop even if you don't have enough cash at the moment.

But you know, if you use your credit card wisely, you'll be able to reap lots of rewards - financially and otherwise. For one thing, you can paint the town red without having to bring wads of cash with you. Plus, you may not be aware of it, but credit card companies offer reward points to its credit card holders. These points can be redeemed for exciting products and services. That's not all, there are promos in between, too.

Metrobank, for one, ran a promo covering the period October-December 2009, that every 10,000 accumulated purchase using Metrobank credit card entitles the credit card holder to a free junior-sized cake from Red Ribbon.

Needless to say, you must monitor your expenses so you don't go over your budget and end up with piles of credit card bills you can no longer afford to pay. Always see to it to pay the billed amount in full. Don't just settle for the minimum payment because that is going to accrue interest and can eat up your savigs.

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