Arizona residents were only slightly worse than the , with 64 percent of in 2012 saying they did not shop for credit cards, compared with 61 percent nationally. It shows that America’s financial literacy remains low and people need help to manage their personal finances, said the Financial Capability report released by the Financial Industry Regulatory Authority, a private nonprofit group.
Are you aware that shopping through credit cards is an effective way to cut down on costs? Here are the secrets you may not have known before.
Getting some shopping credit cards you are automatically getting signed up for membership benefits. Membership status can give you higher discounts and additional benefits like privacy protection, legal assistance, and roadside assistance. One has to be aware though that these benefits and membership are not free and you can be charged that membership fee monthly. And the APR of store credit cards and the annual fee can be higher.
There are frequent shopper credit cards which will give you access to exclusive members-only offers and rebates. You can come across cards that offer specific product discounts or category discounts. Some store credit cards distribute the benefits based on the brand tie-ups where you get discounts on specific brand purchases. There are milestone discounts too, wherein you can shop for set targets and get extended discount at specific retailer.