How to Save Money Using Credit Offers

Member

By nsuengineer06
User-Submitted Article

Article Rating: (20 Ratings)

Save Money Using Credit Offers

There are many ways to save yourself some money. Credit card companies are always hounding you about incentive this and rewards that.. But the truly beneficial deals aren't usually offered through credit card companies, although they are based on credit! It sounds more confusing than it is, follow with me and I'll explain.

Difficulty: Easy

Instructions

Things You'll Need:

Ink Pen
Courage
Responsibility

Step 1

The economy is bad now and retailers are trying feverishly to sell their products. People often need things that they can't afford up front. When these two facts merge the result is buying on credit. Everyone knows credit cards can lead to bad things, but there are deals to be had.
Step 2

If you pay attention to sale papers and ads you can probably find an offer of 0% interest on just about anything. There are usually a couple of stipulations that go along with the 0% interest though. A minimum purchase amount is one, and the other is usually the time period.
Step 3

The minimum purchase amount will vary depending on the product they are trying to sell. It may be a little more than you wanted to spend on a particular product, but you could look at it as getting a better product for a little more money since you need the product anyway.
Step 4

The time-frame is KEY. I can't emphasize enough that you need to calculate it out and make SURE you can afford the purchase. Usually the time-frame on most purchases will be 1-2 years. Lets do an example. Say you need a new refrigerator and it costs $1200. Your local appliance store has an offer for 0% Interest on purchases over $1000 for 12 Months. OK, you qualify for the purchase since the price is over $1000. Now you need to figure in your sales tax, shipping, etc.. We'll say the total comes to $1475. That calculates to about $123/month. As long as you can afford $123/month, then you're good!