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10 Credit Card Hacks to Help You Get Through The Holidays

10 Credit Card Hacks to Help You Get Through The Holidays

Whether preparing for Turkeys, Santa or a New Year’s Parade, the most expensive time of year is upon us. From gifts to travel, budgets will be stressed, stretched and busted. Here are 10 credit card hacks on how credit cards can really help you spend smarter, save more and travel cheaper during the next few months.

1. Price Protection

Ever feel like you got the short end of the stick because an item went on sale days after you paid full price? Never worry again. Your credit card can protect you! Some cards offer free price protection, where if you make a purchase with your card and find the same product advertised at a lower price within 60 days after purchase, the difference will be refunded, up to $500, subject to a calendar year maximum of $1,000 per account.

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2. Purchase Assurance

Nothing’s worse than buying those new sunglasses, only to have them sink to the ocean floor days after you bought them. Purchase assurance covers most items purchased with your credit card for the first 90 days from the date of purchase, and it comes as a free benefit with many credit cards. It can be a great way to protect your investment from theft, damage and in some cases even loss!

3. Extended Warranty

Never, ever fall for a pushy salesman upselling you an extended manufacturers warranty again. Aside from the fact that they tend to be dramatically overpriced, your credit card likely already does it for you, automatically and completely free. Most credit cards offer an extended warranty that doubles the written warranties for up to one additional year on most new purchases made with your credit card.

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4. Satisfaction Guarantee

Ever buy a product, use it, and then have buyer’s remorse. Sometimes, it’s too late. However, with some credit cards, if you become dissatisfied with a product you purchase using an eligible MasterCard within 60 days of purchase, and the store won’t accept a return, you could be eligible for a FULL refund for the cost of the product up to $250 ‒ that’s awesome.

5. Zero Liability

If you’re about to make a purchase where you don’t see the product, it has a wait time or relies on delivery, such as an online order, furniture or travel, use a credit card. If you pay cash or use a gift card, you run the risk that if the product never arrives, or your tour company goes under, you’re out of luck. However, if you use your credit card, your bank is on the hook for a dispute and fraudulent charges like undelivered goods, delivery of incorrect merchandise, etc…

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6. Introductory Rates

If you need to carry a credit card balance for the next few months, plan in advance. Instead of paying 20% plus interest rates, get yourself a credit card with a 0% balance transfer or 0% introductory rate on new purchases. This will allow you to avoid interest charges, often times for up to a year or more, while you pay down your balance.

7. Retail Credit Card Promos

Retailers like the Gap, Macy’s and Bloomingdale’s love when you sign-up for their store credit card, often offering an additional discount on your purchase. These discounts of 15% or more can really add up. Just make sure to use the opportunity for savings not credit, and pay back the balance immediately ‒ retail cards charge interest rates north of 28%!

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8. Welcome Bonuses

Instead of paying for a flight for your holiday travels, why not just apply for a new credit card? There are many opportunities from American Airlines, Delta, Southwest, or United to get great credit card welcome bonuses. If you want to get two tickets for the same airline (for you and a special someone), match one of the U.S. airline credit cards above with another credit card that allows you to transfer miles to that airline.

For example, some of the best Aeroplan credit card offers give you enough points for a free return flight to anywhere in continental North America, and allow you to book on United. Apply for a United and an Aeroplan credit card, and you can get two free round-trip tickets on the same flight!

9. Companion Vouchers

Some credit cards, such as the Alaska Airlines Visa card, offer an annual companion voucher, each and every year. For a mere $121, you can buy a voucher for a travelling companion to any destination in North America Alaska Airlines flies, including Hawaii!

10. Cash Back

The average person spent over $800 on gifts during the holiday season alone last year! If you’re going to spend the money, you might as well get rewarded for it. Cash and debit cards get you little if any rewards at all. A cash back credit card can get you 1% to 5% in cash back depending on where you shop. You’ll likely spend more on big ticket items during the holidays than at any other time of year. Get rewarded for it.

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Marc Felgar

Marc Felgar is an aging, health & senior care expert focused on improving the lives of mature adults.

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Published on July 4, 2018

Top 10 Recommendations on Money Management Apps

Top 10 Recommendations on Money Management Apps

Don’t want to overspend your budget, swipe your credit card too many times, and feel like a financial mess? Instead of beating yourself up for the bad financial decisions you’ve ever made, create a new plan!

The solution is simple, save more and spend less. But, we all know it’s easier said than done.

One problem is finding quality apps that save you time and money, and aren’t just hype.

Luckily, there’re many great money management apps available at your fingertips. Here are 10 reliable money management apps that can help you save money, and crush debt.

1. Personal Capital

    When was the last time you’ve tracked your net worth? Probably months ago or maybe never. Personal Capital allows you to easily track your net worth and plan for retirement.

    Here are some of its main features:

    • Sync many investment accounts, and expenses (mortgage, credit cards, etc.) in one place
    • Discover hidden fees and how much they’re affecting your retirement plan
    • Wealth management for investors requiring a long-term strategy

    With Personal you’re free to track your expenses and net worth.

    Available for: iOS and Android

    2. Mint

      If your smartphone could only install a few apps, Mint would be one of them. Why? Because Mint tracks all your balances and bills in one place.

      Here are some of its main features:

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      • Effortlessly track all your bills and balances in one dashboard
      • Categorized expenses to understand where you spend your money
      • Uncover hidden fees, and determine your investment style with sophisticated retirement tools.

      Feel at ease with managing your money by a reputable company that isn’t going anywhere.

      Available for: iOS and Android

      3. YNAB

        Everyone needs a budget, there’s no way around it. YNAB (You Need A Budget) is an easy to use app that will change the way you think about money. Their motto is to “give every dollar a job”, and you’ll quickly discover why.

        Here are some of its main features:

        • Easily sync all bank accounts in one place
        • Visually see your debt paying progress with eye-catching charts and notifications
        • Customized categories setting saving goals

        The best part about YNAB is the community that comes along with it. You can hop on the YNAB forum to receive support, listen to the YNAB Podcast or stay tuned for their weekly videos.

        Available for: iOS and Android

        4. Wealthfront

          Albert Einstein once said “compound interest is the eight wonder in the world”, and for a very good reason. The problem is, most people are scared or unwilling to learn the basics of investing. This is why Wealthfront is the perfect solution for the hands-off investors.

          Here are some of its main features:

          • Variety of investment account options including IRA, Roth IRA, and more
          • Your portfolio composed of 7 different asset classes
          • Automatically rebalanced portfolio
          • Daily tax loss harvesting

          Wealthfront is perfect for people requiring investment guidance, or prefer a hands-off solution.

          Available for: iOS and Android

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          5. Clarity Money

            If you’re staying on top of your budget but want to take your finances to the next level, Clarity Money can help you. Clarity Money helps you stay under budget and build a personalized savings plan.

            Here are some of its main features:

            • Easily cancel subscriptions with one click
            • Synchronize bank accounts fast
            • Transfer money effortlessly between different accounts

            Clarity Money isn’t an app that does it all. But, it does make transferring money and canceling subscriptions fast and efficient.

            Available for: iOS and Android

            6. Acorns

              What if there was a way to quickly gain confidence in investing your money, without too much risk? There is, and Acorns is your solution. With Acorns’s technology, you’re able to make investments as small as $5.

              Here are some of its main features:

              • Automatic contribution option
              • Customized portfolio tailored to your needs
              • Low management fees ranging from $1-$2 per month

              Stop wasting dollars on expensive coffee. Instead, invest them towards a brighter financial future.

              Available for: iOS and Android

              7. Albert

                Do you budget by only subtracting your expenses from your income? If so, how would you discover any overpayments or extra money you could save? This is where Albert shines, and it does it all free.

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                Here are some of its main features:

                • Receive notifications for overpayments, hidden fees, and low balances
                • An Automatic budget that’s built around your spending and income
                • Easily track debt and set new financial goals

                While Albert does offer a paid option, most of its core features are FREE. So, what better option to save?

                Available for: iOS

                8. Prism

                  Have you recently forgot to pay a bill because life got in the way? Prism automatically tracks your bills and syncs your bank accounts in one place.

                  Here are some of its main features:

                  • View all your account balances in one glance
                  • Bill due dates are automatically pulled and tracked
                  • Receive early reminders for upcoming bills

                  If your budget is on “fleek” but can’t seem to stay on top of your bills, Prism is your go-to app.

                  Available for: iOS, Android, Windows, Amazon

                  9. Mvelopes

                    Remember hearing about people using envelopes to budget their money? Well, Mvelopes is the new envelope system for this generation. Easily create monthly budgets and track your saving goals.

                    Here are some of its main features:

                    • Connect unlimited bank accounts
                    • Real-time budgeting with auto transaction syncing
                    • Low monthly $4 fee or $40 annual

                    Mvelopes can help you crush debt, save more, and help you stop overspending. With its low monthly fee, it’s worth a try.

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                    Available for: iOS and Android

                    10. Wallaby

                      Most people don’t have time to track their credit card’s changing rewards and interest rates. Because of this, you need help reaping the most of your credit card’s rewards. Wallaby is the app that will help you do just that.

                      Here are some of its main features:

                      • Automatic recommendations for the best credit card to use for each transaction
                      • A friendly user interface, displaying credit cards with their corresponding images
                      • Free to use

                      If you’re using the same credit card to make your purchases, you may be leaving money on the table. Give Wallaby a try if you’re ready to maximize your credit card’s rewards.

                      Available for: iOS and Android

                      Take control of your finances and experience financial freedom

                      Picture yourself staying on budget and saving more money than you’d ever imagined.

                      It took hard work and dedication but you’d finally learned how to manage your money. You have to start taking control of your spending and saving habits.

                      You now have a list of reliable apps that can help you build better money habits, what are you waiting for?

                      Featured photo credit: Pexels via pexels.com

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