Credit Card Tips for July 2018
July is the seventh month of the calendar year and is known to be the month of liberty, the month of freedom and time for exciting holidays. Besides, it also acts the intersection of past and future months of the corresponding calendar year any mistakes, any pending work or any left work can be fruitfully planned and executed in the remaining months of the year. The same goes true when planning your expenditures and managing your credit cards.
Credit cards are a significant aspect of your daily budget and expenses. It is undoubtedly a piece of plastic that helps you borrow some money from the bank for a stipulated period with several benefits if used wisely. Used responsibly, a credit card can be a very helpful financial tool.
Here are some tips to make your month of July with your chosen plan a stress-free, relaxing and planned month with these credit card tips for July 2018:
Step into the third quarter of the year with a thoughtful approach
⦁ July is the beginning of the third quarter to make a thoughtful analysis of your credits, bonuses, expenses and spending limits.
⦁ Take an insight into the previous quarter and check out if there are any points, cash-backs or credit balance taken forward to the current quarter.
⦁ Know the deals and updates that the credit card issuer offers you every quarter.
Optimize your shopping for July
⦁ With so many festivals and celebrations on the calendar for July, ensure that you optimize your shopping list.
⦁ Plan a budget and keep on priority the predefined budget for all that is required to shop.
⦁ Make sure to streamline the shopping list and optimize it in a way to gather more and more points and bonuses through various shopping portals and physical malls.
Dive into fun, frolic, and excitement with the freedom to earn reward
⦁ As you opt for a holiday, discover the freedom to earn reward points from the expenditures made through your credit cards.
⦁ On a summer season outing most of the restaurants, movie complexes, and resorts offer cash-back and bonuses.
⦁ Make a wise expenditure and further use the rewards and cash-back for added joys and comfort during your dream vacation.
Stay informed and keep informed.
⦁ When opting to buy tickets and hotels, a chase for discounts, deals and price drops. Most of the airlines and reputed resorts and hotels offer enticing deals if you pay through your credit card. Watch for the deal and make a wise spend.
⦁ Keep the credit card company informed about your travel plans. Credit card issuers monitor for transactions that seem fraudulent. Otherwise, a transaction undertaken at any new place or destination is usually considered suspicious by the credit card company, and they often decline the card to reject the payment under this scenario.
Ensure card safety and safe transactions
⦁ While on a joyful mood for your vacation, make sure to travel safely with the credit cards that you require.
⦁ Leave home the irrelevant credit card so that you don’t have to be cautious and alert with regards to taking care of all the credit cards you behold.
⦁ Make safe transactions and don’t forget to take the card back after successful payment.
⦁ Set notifications and alerts for all the expenses made and ensure that every transaction is under your watch.
⦁ Stay smart and defend your credit card from the threat of phishing. You can combat the staying active and thinking smart before opening an email or responding to any call that enquires about your credit card transactions.
Know your capacity and limitations
⦁ Keep track of all your shopping and expenses if on holiday for this month.
⦁ Keep in mind the annual percentage rate, finance charges, cash advances, penalty rates, balance transfers and grace period for payment.
⦁ Ensure to keep track of all expenses in a way that you are liable to pay back the spent amount within a pre-defined period.
⦁ Keep in mind a credit card is just a tool that offers you access to some credit but overusing the same beyond your limitations can prove to be dangerous and risky as well.
July being the Month for Travel, here are the best travel credit cards 2018:
⦁ Best All-Around Travel Credit Card for Miles & Free Flights: Chase Sapphire Preferred
⦁ Best for Domestic Travelers: Southwest Rapid Rewards Premier Credit Card
⦁ Best Flat Rate Credit Card: Capital One Venture
⦁ Best Premium Travel Credit Card: Sapphire Reserve
⦁ No Annual Fee Rewards Travel Card: Bank of America Travel Rewards
⦁ Best Hotel Rewards Credit Card: Hilton Honors Ascend