Banks offer different types of cards to suit you and your family’s every need. To have bills in your purse is okay, but when you carry a large amount of cash around all the time, it can make you anxious. Thus, a credit card is a safer alternative to pay for your expenses. Whether it’s for tuition, utilities, family trips, even rewards for your child’s good performance in school, it's vital to be smart with your finances, especially for your growing family.
Here are three reasons why using a credit card—instead of cash—is the better option:
1. It’s hassle free
In the past, when you need to purchase anything, you still have to go the the bank or an ATM, withdraw cash, and then pay in cash at the department store or supermarket. These days, majority of establishments already accept credit card payments. Swipe and sign is all you do. It saves you time from queuing and earns you more quality time to bond with your family.
2. It won’t overwhelm
A credit card is one of the most commonly-used means to pay for your family’s expenses. The reason is simple: convenience. A credit card can also serve as your emergency wallet when you’ve run out of cash or need to attend to something urgent.
The idea is to pick a credit card that gives you the best deals, like a simple-to-understand installment payment plan with the lowest interest rate. Some even offer promos where you can do all your purchases now and then pay next year!
Keep tabs on your credit card purchases by storing receipts and collecting billing statements. This way, you can better manage when and how to pay your credit card bills on top of your family’s daily expenses.
3. It has perks and privileges
With every credit card purchase, you earn rewards points. The more you use it, the more points you collect. These points can be used to redeem items and even frequent flyer miles or travel points which you can use when you and your family decide to take a trip here or abroad. There are also instant freebies and discounts offered at cinemas, restaurants, malls, and more.
Credit Cards are a lot more beneficial than you think. Well-known banks, like BDO, provide specialized credit cards based on your needs like the Simple Installment Card that lets you avail of cash up to 100% of your credit limit for as low as 0.70% per month, or the Buy Now, Pay Next Year promo where you can enjoy a two-month billing holiday from the date of purchase. Taking advantage of promos like these will give you ample time to save and manage your expenses more efficiently. Click hereto know more about this promo offer.
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Learn to differentiate wants from needs and you’ll be able to manage your family’s expenses without a hitch -- be a smart spender.
To know more about the best deals and exclusive perks for BDO Credit Cardholders, download the BDO Deal Finder App for FREE from the iTunes App Store or Google Play Store.
Not yet a BDO Credit Cardholder? Apply now and avail of exclusive promos and offers from BDO!
For more details, log-on to www.bdo.com.ph or call the BDO Customer Contact Center at 631-8000 or 1-800-10-631-8000 (Domestic Toll-Free).