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How to Use a Credit Card to Save Money

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From Quick Guide: Introduction to Credit Cards

Summary: Use a credit card to save money by transferring any smaller balances to a higher-limit card with a low interest rate. Avoid struggling with credit card minimum payments by consolidated balances to have one monthly payment with insight from a certified public accountant and credit counselor in this free video on debt management.

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By Jerrie Guthrey
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Jerrie Guthrey has been a certified public accountant and credit counselor since 1992. He earned a Bachelor of Science in business management with an emphasis in accounting. Guthrey...read more

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Video Transcript

"You want to know how to use your credit card to save you some money. Well, sometimes you can save money by transferring the balances of a higher interest rate credit card to a credit card that has a lower rate of interest. And also, if you have problems making payments, then you may find that one card can incorporate all your small credit card balances together into one payment each month. And then that way you would have only that one payment to be concerned with. So you can use your credit card to save money if you look at it from both of those perspectives."

eHow Article: How to Use a Credit Card to Save Money

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