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Top 5 Ways To Save Money With A Bank Card

Top 5 Ways To Save Money With A Bank Card: A bank card, like a Swiss knife, today gives its holder many options. If you know about them and use them correctly, you can significantly save on everyday expenses.

We tell you 5 life hacks for plastic holders, which will allow money to stay in your bank account longer. 

Before looking at the Top 5 Ways to Save Money with a Bank Card I would like to inform you that if you want to create a new credit card then you can generate it with a credit card generator.

The Top 5 Ways To Save Money With A Bank Card Are:

  1. Get cashback on daily purchases.
  2. Set limits on expense transactions.
  3. Earn on account balances up to 9% per annum.
  4. Make your premium card free.
  5. Explore the capabilities of your bank’s mobile application. For example, pay for a communal apartment without a commission.

1. Get cashback on daily purchases.

Cashback is a useful and extremely pleasant payment card option. You pay with a bank card, and he, as payment for loyalty, returns you a percentage of the amount of each purchase.

Banks have several approaches to calculating cashback. Some people prefer to give a minimum percentage (1-2%) but are ready to pay it when making settlements in virtually all retail outlets. Others pay a lot (even up to 20%), but only for purchases in certain categories. Both options are often combined: they pay an increased cashback when spending in the categories selected by the client, and for the rest, they give a lower one (0.5-1%).

This is the option that Alfa-Bank chose in the Cash’U CLUB rewards program. With it, the client receives from 2 to 7 categories of purchases every month (the number depends on the status in the program), for which cashback can reach up to 20%. In addition, the bank pays 0.5% for contactless payments with a gadget with Apple Pay or Google Pay.

Naturally, in order to receive cashback, you first need to issue a card with this option. All new service packages from Alfa-Bank, as well as the flagship RED credit card, participate in the Cash’U CLUB. Every month a club member can return up to UAH 5,000. In addition, the bonus account can be used to participate in raffles of various prizes.

2. Set limits on expense transactions.

If you know about your weakness – spontaneous purchases, set a limit on daily spending from the card. It is very easy to do this in the bank’s mobile application, Internet banking or by calling the bank’s contact center.

3. Earn on account balances up to 9% per annum.

You can make good money on the funds that “lie” on the card. We are talking about both the interest on the balance and the interest on a separate additional account linked to the card. An example of such an account is “Profitable Safe” from Alfa-Bank.

Depending on the package of services, this account can give 7, 8% or even 9% per annum. An important advantage: the ability to withdraw money at any time and return it back to the active card account.

To do this, you just need to go to the mobile bank Alfa-Mobile Ukraine, open the card menu and use the “Top-up” or “Withdraw” option in the “Profitable safe” field.

4. Make your premium card free.

As a rule, if a payment card provides many beneficial additional options and privileges, then the service fee is also considerable. But there is a way out. Look at the tariffs of the card, there may be simple conditions under which the service of the card will be free. Let’s take, for example, cards offered in service packages from Alfa-Bank.

To make a card free, it is enough to fulfill one of the conditions: the total amount of balances in the Bank of America routing number, the amount of non-cash purchases or the number of card transactions must be at least the established minimum. For the White package – the balance should not be less than 50 thousand UAH, the number of purchases from 2500 UAH / month. or the number of operations from 10 per month.

For the Black package, the account balance must be over UAH 250,000, the number of purchases from UAH 10,000 / month. or the number of operations from 25 per month.

And finally, the top-end Graphite package, which costs UAH 500 / month, can be used free of charge, provided that the balance on the card account exceeds UAH 500 thousand. or if the amount of purchases paid during the month is more than UAH 50,000.

By the way, in the Alfa-Mobile Ukraine mobile application, a convenient option is provided in the card menu – tariffs and conditions, where in the form of visual graphs it is shown how far you have fulfilled the conditions for free use of the card this month.

5. Explore the capabilities of your bank’s mobile application. For example, pay for a communal apartment without a commission.

For example, in Alfa-Mobile Ukraine you can top up a mobile account of any operator without a commission, and pay utility bills without commission. And these are monthly expenses, which at the end of the year can result in an impressive amount if you pay with a commission.

In addition, with Alfa-Mobile Ukraine you can quickly get a card, take loans, open deposits, and even exchange currency, and the rate will be more profitable than at a branch.

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