4 ways to take advantage of credit cards to save money

Credit cards are gradually becoming an effective personal financial management tool, which helps you save millions of dong every month.

The first credit card was issued in 1951. Up to now, some card brands developed by financial institutions to serve each unique needs of multiple customer groups. The common point of these cards allows users to "buy first, pay later", support spending, payment for shopping even when your account is not available.

Currently, credit card issuers often have promotional programs with many gifts, shopping vouchers as well as attractive benefits attached. When you open a credit card account, your credit card company gives you a set credit limit to spend, then pay back what you spent as agreed when it is due.

Besides, considering the following 4 ways will help you save more when choosing this cashless method.

Long interest-free period

Credit cards help you make pre-payments extremely fast for transactions such as: bill payment, online shopping, booking, flight booking... Then you just need to pay in card before the repayment due date as prescribed.

Usually, the payment term will have a period of 15 to 45 days to repay the amount spent on the card without added interest.

Easy cash advance with preferential fees

Credit cards will adapt to cash advance quickly, but it comes any fees for this way. The fee for withdrawing cash from credit cards at ATMs of most banks is currently about 4%/month. The maximum amount allowed to withdraw ranges from 30% - 70% of the credit limit granted. Withdrawing cash from a credit card very effectively supports the urgent need for an amount of money for living without having to submit a loan application and wait for approval.

Enjoy 0% interest instalment payments

The biggest benefit of credit card is the installment facility with 0% interest when paying on all spending and shopping transactions at stores or e-commerce sites.

It allows the buyer split the full payment amount into smaller monthly payments that can shop comfortably, easily own your favorite items without the financial pressure.

Take advantage of discount offers and reward program

In addition to quick and safe payment, cardholders also receive discounts, vouchers or reward points when making payments with partners affiliated. This will bring interesting, cost-effective experiences when using credit cards.

Recently, Shinhan Finance has cooperated with Mastercard to launch The First credit card, giving customers a wide choice of financial support options with the advantages: "Buy first, pay later" with interest-free period up to up to 45 days; Cash advance up to 100% of card limit with only 1% withdrawal fee, and it can also be flexibly converted to repay in the form of installments for many months; Flexible installment with 0% interest rate for purchases; Up to 50% discount on travel, dining, shopping... and many other attractive incentives.

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