25 Ways Credit Cards Can Simplify Your Financial Life and Save You Money

It’s not uncommon to hear horror stories about ruined credit scores caused by credit card debt. After all, It’s important to remember that using credit cards comes with some risks, and you may be nervous if this is your first time using one. Most notably, falling into credit card debt.

However, taking advantage of rewards, points, and other perks can help you save or earn money when you shop carefully and use your credit card strategically. As long as you follow two simple rules, you can do it without going into debt: charge only what you can afford and pay off your balance monthly.

Moreover, credit cards can simplify your financial life and even save you money.

1. Sign-up bonus.

New credit cards often come with a bonus offer. If the applicant has good or excellent credit, they will often be approved for credit cards that offer bonuses worth $150 or more (sometimes much more) in exchange for spending a certain amount in the first few months of opening the account (anywhere from $500 to several thousands of dollars).

Some cards offer bonus rewards points or miles that can be redeemed for travel, merchandise, merchandise gift cards, statement credits, or checks.