How to Use Credit Cards for Financial Management in 2020? Use a Cash Back Credit Card to Make Money While You Spend

May 28, 2020

Do you know that credit cards can be used to manage money in addition to consumption? Some people are afraid when they hear credit cards. They think that they will spend more money and even carry credit card debts. In fact, if you can make good use of credit cards, credit cards can help you manage your finances. Moreover, credit cards are also the best way to start financial management for ordinary people. If you make good use of credit cards, you can save a lot of money. Among them, cash-back credit cards are the most recommended entry-level credit cards. There is no need for special calculations. , a very suitable entry-level credit card for the general public.

What is a Cash Back Credit Card?

In simple terms, a cash back credit card means that every time you swipe, he will give you the corresponding % in cash. EX: If the cash back credit card is 2%, you will give back 2 yuan in cash if you swipe 100 yuan today. You, said that you only spent 98 yuan on this consumption, and now you save 2%. Now the bank fixed deposit is less than 1%. Using credit card consumption can directly save you 2%, which is more than the money you saved for 2 years. Many, so when I can pay with a credit card, I will never pay with cash. The credit card can not only pay back, but also don’t need to ask for change, killing two birds with one stone.

2020 Taiwan Domestic Cash Back Credit Card Recommendations

According to your own needs, the suitable cash back credit cards will be different. There are two introduced today, namely - Yongfeng DAWHO, HSBC Cash Back Royal Seal Card

1. Introduction of Yongfeng DAWHO Cash Back Credit Card

Generally, use the credit card to spend 1% domestic and foreign 2% unlimited, designated tasks plus cash rebate - apply for electronic bills and bind my digital account to automatically deduct credit card payments, plus 1% cash rebate (excluding premiums), monthly The total limit for each additional code is 1,500 yuan. It is actually quite enough for the daily expenses of ordinary people. Each domestic consumption can enjoy 2% of the overseas consumption, but the most important thing is the designated digital channel plus 5% cash rebate - the designated channel plus 5% cash back (the highest total Domestic 7%, foreign 8%) , the total limit is 600 yuan per person per month. The designated channel includes foodpanda and ubereat. It is really tempting for office workers to order delivery. I applied immediately after seeing it. Every time I order delivery, I buy it at a 22% discount, which can really save a lot of money.

Introduction to the DAWHO Cashback Credit Card Rewards Offer for the Big Boss of Yongfeng: https://dawho.tw/faq/card/

2. HSBC Cash Back Royal Seal Card

HSBC Cash Reward Royal Seal Card is definitely the most suitable cash rebate for those who do not want to record cash rebates. Each consumption is 1.22% domestically and 2.22% overseas. There is no minimum consumption threshold, and general consumption can be enjoy feedback

The point is that unlike some credit cards, you need to bind a digital account and set up automatic debits, or apply for electronic bills, etc., and only after completing the tasks specified by the bank can you increase the percentage of cash back.

The HSBC Cash Reward Royal Seal Card does not need to be bound to any account, and there are no restrictions on payment methods. After getting the card, you can spend directly. If you have a large number of swipe cards, it is actually highly recommended to use the HSBC Cash Reward Card.

Go to Understanding and Applying for HSBC Cash Rewards Card Introduction: HSBC Credit Card Details

For more cashback credit card information, please refer to Money101: Money101 is the most professional financial product comparison website in Taiwan. Money101 provides comparison of credit cards, loans, insurance, telecommunications services and other products, and online application immediately. What we provide is to help you save time, effort and money. Click on the image below to see the comparison now.

Go to Compare Credit Cards Now: Money101 Credit Card Comparison

Matters needing attention when using cash back credit card wealth management

Finally, remind everyone to use the biggest principle of credit card - prudent financial management

A cash-back credit card can help you manage your finances and save money, but it is based on your restraint. If you think that a credit card can be very convenient to enjoy first, and you can install it in installments, or if you feel that you can buy more things because of the rewards People, credit cards not only can’t help you manage your finances, but will also make you more and more in debt. The core focus is to control your desires. First, change from cash to credit cards for necessary expenses, so that you can achieve the first step in credit card financial management.