Reading the title alone, makes you raise your eyebrow. Seriously? How can you save money by using your credit card? I know that some people dislike credit cards because they may lead them to temptation but for me, I like having a credit card because I don’t need to bring a lot of cash. It is very useful if you have emergencies and have not enough funds. There are also perks if you have a credit card.
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
The 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 the 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 to other credit card companies and they always waive our annual fee, with 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 fees, just don’t cancel the card. Weird noh?
There are cases where they want you to use your points to waive the annual fee. So I feel like I'm just saving points for the annual fee, what if my points are not enough? I stopped using that card too.
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 the supermarket, bills payment, and more. We use our points to pay for our bills.
POINTS = CASH
Read: Save Money Using 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 them 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
As you will notice whenever we buy stuff or pay for meals,
we don’t get an 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 of the installment plan so you can earn some pesos. How? Several years ago, I bought my laptop on an 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.
5. Promo
Be updated with all the credit card promos. In the past, we were able to get
FREE Starbucks Beverage, free meals from KFC and Yellow Cab, and Caltex gas rebate by just using our card. Sometimes
free entrance fee at travel expos.
6. Discount
Nowadays, there are so many discounts that you can avail of because your credit card companies have different partners. There are hotels, restaurants, and airline discounts that you can take advantage of. Several years ago we bought a gas range and the Service Staff informed us that if we will buy it using our card and avail of the installment promo, we can get an
additional 2% discount.
7. Free Airport Lounge Access
Traveling is costly if you have a long layover because you have to buy drinks and food. We all know that the foods and drinks at the airport are all expensive. So having a priority pass in airport lounges is a good perk because you can have comfortable seats, free food and drinks, free wifi, and many more. If you like to travel, choose a credit card that has free airport lounge access.
Read: Miascor Airport Lounge at NAIA 1
Skyview Lounge at NAIA 3
8. Free Entrance
There are a lot of travel fairs or travel expos that you can visit to score cheap airfare, discounted hotel or resort packages, and affordable tour packages. Sometimes you can avail yourself of the FREE entrance by showing your credit card. Just check the bank partners of the travel expo.
Sometimes you will not only get a free entrance but there is a special lane for you and if you are lucky, an early bird sale. You can get the first dibs of the sale, promo, and discount before the expo will be opened to the public.
Read: Philippines Travel Tour Expo Tips and Guides
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 hackers.
Read: My Credit Card was Hacked