Changes 4 Dollars - Credit Card Cashback

Many people live paycheck to paycheck or on a very tight budget. CHANGE 4 DOLLARS offers tips on ways to save money when it seems there is no spare money to save. Because of illness, homelessness, a world-wide pandemic or financial difficulties, saving money seems to be impossible. The following are some of these suggested tips.

Today’s tip concerns CREDIT CARD CASHBACK PROGRAMS.

Please remember that credit cards are not meant for you to live beyond your means. They are a form of payment that:

• is efficient
• keeps records in one place
• saves time when shopping
• allows a variety of protections

Credit card companies use many offers to attract customers. One of those methods is the CASHBACK program. These programs offer the user cash back for shopping with their credit card company. Percentages for cashback earnings range from 1% to 10%. Some are in rotating categories while some are all the time. In some cases, the customer may even choose the categories. It can be quite lucrative.

Cardholders need to take the following precautions for these programs to work to their own benefit.

• DO NOT SPEND MORE THAN AFFORDABLE
• PAY EACH MONTH ON A TIMELY BASIS
• STATEMENT BALANCES SHOULD BE PAID IN FULL

If you are going to pay late or not pay in full, the interest and late charges will defeat the whole purpose and you should not sign up for these programs.

As a customer shops, the cash back for that shopping accumulates. If the benefit is
saved all year, there is a substantial amount available depending on shopping habits. These rewards can be received in a variety of methods. The following are a few of the choices:

• CHECK TO BE SENT TO CARDHOLDER
• DEPOSIT MADE TO CARDHOLDER’S BANK ACCOUNT
• CREDIT ISSUED ON THE CREDIT CARD STATEMENT
• GIFT CARD PURCHASES

There are many possibilities and many choices for these programs. It can be a nice cushion for those with tight budgets. It can be a lifesaver when other sources are not available to the cardholder.

Watch for future blogs FROM THE CORNER HOME OFFICE on CHANGE 4 DOLLARS. Explore our website www.lifeskillsacademy.expert - Suggest other topics in which you are interested. We’re here to assist as you travel the road to MASTERING THE GAME OF LIFE.

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