Get ready to enjoy significant savings.
- Credit cards make it easy for consumers to earn savings.
- It could benefit you especially if you travel a lot.
Saving money on purchases and travel plans is something that we all like to do, regardless of how much we spend or earn. If your goal is to spend less money in 2022 while doing the things you love, here’s how your credit cards could make it happen.
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1. Free flights
Are you planning to travel a lot in the new year? Wouldn’t it be nice not to have to pay for all your flights or hotels? If you use the correct credit cards, you may not have to.
Many travel rewards credit cards allow you to earn miles or points that you can redeem for free flights. That could add up to a nice amount of savings, even if you only manage to score one free flight over the course of the year.
The same goes for hotels. It is possible to redeem points for free stays, which could allow you to travel more.
2. Free checked baggage on flights
You may not be able to get a bunch of free flights next year. But your credit cards can make the ones you pay for more affordable. These days, airlines commonly charge a fee every time you want to check a bag. If you book your flights with a travel rewards credit card, you may be entitled to one free checked bag as a built-in benefit. Over the course of multiple flights, that’s a good chunk of savings.
3. Car rental coverage
It is common for major credit cards to offer car rental insurance as long as you pay for the rental with your card. This can save you a good amount of money every time you rent a car, while also helping to ensure you have the protection you need in the event of accidental damage.
4. Sign up bonuses
Many credit cards offer sign-up bonuses for new cardholders, and the right one could put hundreds of dollars back in your pocket. That’s money that can help offset the cost of other purchases you’re making.
Now, the amount of those bonuses varies from card to card, and it’s important to only chase one that’s attainable. If you see a sign-up bonus offer for $250 cash back for spending $1,500 within three months of opening a given card, and you typically spend at least that much, then that offer is worth looking into. But you shouldn’t force yourself to spend more just to get a sign-up bonus, because then you won’t actually end up saving any money.
5. Free shipping
Some credit cards provide account holders with special free shipping offers at various merchants that would otherwise impose a fee for shipping or require a certain spending threshold before waiving. If you shop online a lot, you could end up saving quite a bit by avoiding shipping fees.
Get ready to enjoy the savings
Credit cards offer a host of opportunities to save money if you use them the right way. It’s worth seeing what benefits come with your cards so you can make the most of those benefits in the new year.
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