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10 Credit Card Hacks to Help You Get Through The Holidays

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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!

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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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Last Updated on January 5, 2022

33 Painless Ways to Save Money Now

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33 Painless Ways to Save Money Now

In a difficult economy, most of us are looking for ways to put more money in our pockets, but we don’t want to feel like misers. We don’t want to drastically alter our lifestyles either. We want it fast and we want it easy. Small savings can add up and big savings can feel like winning the lottery, just without all of the taxes.

Some easy ways to save money:

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  1. Online rebate sites. Many online sites offer cash back rebates and online coupons as well. MrRebates and Ebates are two I like, but there are many others.
  2. Sign up for customer rewards. Many of your favorite stores offer customer rewards on products you already buy. Take advantage.
  3. Switch to compact fluorescent bulbs. The extra cost up front is worth the energy savings later on.
  4. Turn off power strips and electronic devices when not in use.
  5. Buy a programmable thermostat. Set it to lower the heat or raise the AC when you’re not home.
  6. Make coffee at home. Those lattes and caramel macchiatos add up to quite a bit of dough over the year.
  7. Switch banks. Shop around for better interest rates, lower fees and better customer perks. Don’t forget to look for free online banking and ease of depositing and withdrawing money.
  8. Clip coupons: Saving a couple dollars here and there can start to add up. As long as you’re going to buy the products anyway, why not save money?
  9. Pack your lunch. Bring your lunch to work with you a few days a week, rather than buy it.
  10. Eat at home. We’re busier than ever, but cooking meals at home is healthier and much cheaper than take-out or going out. Plus, with all of the freezer and pre-made options, it’s almost as fast as drive-thru.
  11. Have leftovers night. Save your leftovers from a few meals and have a “leftover dinner.” It’s a free meal!
  12. Buy store brands: Many generic or store brands are actually just as good as name brands and considerably cheaper.
  13. Ditch bottled water. Drink tap water if it’s good quality, buy a filter if it’s not. Get 
      a reusable water bottle and refill it.
    • Avoid vending machines: The items are usually over-priced.
    • Take in a matinee. Afternoon movie showings are cheaper than evening times.
    • Re-examine your cable bill. Cancel extra cable or satellite channels you don’t watch. Watch the “on demand” movie purchases too.
    • Use online bill pay. Most banks offer free online bill paying. Save on stamps and checks, and avoid late fees by automating bill payment.
    • Buy frequently used items in bulk. You get a lower per item price and eliminate extra trips to the store later on.
    • Fully utilize the library. Borrowing books is much cheaper than buying them, but in addition to books, most local libraries now lend movies and games.
    • Cancel magazine/newspaper subscriptions: Re-evaluate your subscriptions. Cancel those you don’t read and consider reading some of the other publications online.
    • Get rid of your land-line. Do you really need a land-line anymore if everyone in the family has a cell phone? Alternatively, look into using VOIP or getting a cheaper plan.
    • Better fuel efficiency. Check the air pressure in your tires, keep up with proper auto maintenance, and slow down. Driving even 5MPH slower will result in better fuel mileage.
    • Increase your deductibles. Increasing the insurance deductibles on your homeowners and auto insurance policies lowers premiums significantly. Just make sure you choose a deductible that you can afford should an emergency happen.
    • Choose lunch over dinner. If you do want to dine out occasionally, go at lunchtime rather than dinnertime. Lunch prices are usually cheaper.
    • Buy used:  Whether it’s something small like a vintage dress or a video game or something big like a car or furniture, consider buying it used. You can often get “nearly new” for a fraction of the cost.
    • Stick to the list. Make a list before you go shopping and don’t buy anything that’s not on the list unless it’s a once in a lifetime, killer deal.
    • Tame the impulse. Use a self-enforced waiting period whenever you’re tempted to make an unplanned purchase. Wait for a week and see if you still want the item.
    • Don’t be afraid to ask. Ask to have fees waived, ask for a discount, ask for a lower interest rate on your credit card.
    • Repair rather than replace. You can find directions on how to fix almost anything on the internet. Do your homework, and then bring out your inner handyman.
    • Trade with your neighbors. Borrow tools or equipment that you use infrequently and swap things like babysitting with your neighbors.
    • Swap online. Use sites like PaperBack Swap to trade books, music, and movies with others online. Also, look for local community sites like Freecycle where people give away items they no longer need.
    • Cut back on the meat. Try eating a one or two meatless meals every week or cut back on the meat portions. Meat is usually the most expensive part of the meal.
    • Comparison shop: Get in the habit of checking prices before you buy. See if you can get a better price at another store or look online.

    Remember that saving money is not about being cheap or stingy; it’s about putting money into your bank account rather than giving it to someone else. There are many ways to save money, some you’ve never thought of, and some that won’t appeal or apply to you. Just pick a few of the ideas that sound doable and watch the savings add up. Save big, save small, but save wherever you can.

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    Featured photo credit: Damir Spanic via unsplash.com

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