None of us really feel like we have the time to spend all day looking at our finances and seeing if we can shave of the pennies here and there – yet all the experts tell us that’s what we should be doing. So with that in mind, is it really worth the effort to try and keep track of the best credit card deals?
Well, all the evidence would seem to suggest that is a definite yes – and here are just a few reasons why that might be the case:
You can take advantage of new promotions
If you can keep up-to-date with what individual credit card companies are doing, you can keep abreast of some pretty interesting offers. This doesn’t have to mean visiting half a dozen different websites every day, just signing up to the odd newsletter and checking in with some of the financial news forums there are out there from time to time. For example, if there is a card with a great 0 per cent balance transfer rate and a bunch of extra rewards that’s only running for a certain period of time, you may want to grab it sooner rather than later.
You can start to build serious rewards points
Nowadays, we almost seem to take for granted that there are opportunities to gain loyalty bonuses for shopping with certain stores or signing up to certain contracts. However, when it comes to credit cards, did you know you can actually keep an eye out for schemes that are tailored more specifically to how you live your life? For some people, this might mean receiving discounts on goods and services or getting high-street vouchers, but for others it may relate to supporting their favourite team with a football credit card that gives them money off merchandise and access to exclusive competition prizes.
You could be more efficiently managing your finances
If you’ve had the same credit card for some time, there’s every chance you’re missing out on some of the more competitive deals that have emerged more recently. Very often these deals could have a serious impact on your finances and might form part of a wider initiative to get your money under control. For example, if you have one or more store cards or are struggling to keep on top of certain debts, a balance transfer credit card could be really useful. It will allow you to put all those debts into one place and pay them back at a lower interest rate. In addition, having just one bill to pay instead of many will help you organise yourself a bit better.
Keep on top of the credit card deals that are out there and you could well spot something that is much better suited to you. If you’re lucky, it could have a significant impact on your finances too.