3 Credit Card Secrets That Banks Don’t Want You To Know

3 Credit Card Secrets That Banks Don’t Want You To Know

3 Credit Card Secrets That Banks Don’t Want You To Know

Credit cards can be helpful on certain occasions,  and yet, completely catastrophic on others as far as your financial position is concerned. Whether you are short on cash or in dire need of payment at a particular moment, credit cards can help you overcome such financial distresses without you having to break a sweat. However, there are several intricacies to the process that banks would want hidden from you. Here in this blog, I will tell you such secrets that banks would rather leave unrevealed.

·        If You Don’t Want To Pay Annual Fees, You Don’t Have To

When it comes to banking and credit cards in particular, you have to understand that there is always room for improvement and change in the credit card industry, and nothing is set in stone. Most people think that annual fees are necessary to be paid. However, there have been instances when the banks have written off the annual fees for some customers who decided to sit down and talk their situations out with the bank consultants. The business of credit cards is one where loyalty of the customer is important, and hence, the banks are more often than not willing to consider the requests of their customers and facilitate them.

·        Your Credit Card Can Help You Travel For Free

The use of credit cards has some perks that aren’t directly related with the in and outflow of cash. If you are able to accumulate a healthy amount of miles on your bank accounts, you can avail the free flight service. When it comes to such situations, there are two points available to you and its your prerogative to choose either. You can either use the points to get cash back or book a flight ticket for a very cheap price. Getting a free airplane ride isn’t a myth, and if you use your credit card strategically, you can enjoy the perks of a free flight.

·        Use Your Own Card Again

Do you think your existing credit card gives you a healthy amount of facilities and perks? Then here is a secret to help you extend that happy experience for you. You can reuse your credit card by signing up for it again. Here’s a trick to maximize this experience: if you wait for around 18 months or so, you are likely to get the annual fee waived. Suppose your card is one that gives you frequent flyer points. In such a case, reusing your card after every 18 months will give you the chance to enjoy over 25000 bonus points each time. Recycling your credit card is sure to give you a whole lot of perks with greater points and not having to even pay the annual fee.

These were a few credit card secrets that banks would have never wanted you to know. Now, however, you can use them to your advantage and maximize your credit card experience.

Never be afraid to dare


A Selection of Credit Quotes

“Remember, either you control your money or it will control you.” ~ T. Harv Eker

“Money is just the poor man’s credit card.” ~ Marshall McLuhan

 “Nobody had a credit card when I was a kid. No one had credit card debt. But these big companies and banks wanted to know how to get more money out of people – get them charging things.” ~ Michael Moore

“Credit card interest payments are the dumbest money of all.”     ~ Hill Harper

"Remember, either you control your money or it will control you." ~ T. Harv Eker