‘Tis the season of giving, and with the season of giving comes bills for all of these gifts. Christmas time often makes many Americans resort to putting all of their gifts on credit, whether they can afford them or not. But don’t worry, there are ways of maximizing this to your benefit.Here are a few tips that can help you save money this holiday season:

• If you have multiple cards, put the charges on the card with the lowest interest rate
• Use a cash back credit card and receive 5% or more of your purchases back, in statement credits
• If you haven’t gotten a new card recently, you could apply for a low interest card, many of which offer 0% interest for 6 to 12 months.  Essentially allowing you to take out an interest free loan.
• Renegotiate your interest rates with your credit card company.  If you haven’t, you might want to read out previous post.

These are just a few tips that can help this holiday season.  Credit Cards can be a good way to manage cash flow, but when used properly, can actually save you money and help manage expenses better.

This entry was posted on Tuesday, December 16th, 2008 at 1:43 am and is filed under credit cards, tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.