When used wisely, a credit card can be an indispensable financial tool that helps you save or earn money. Here is a list of ways to put your credit card to work for you.

• Pay with a cash-back credit card.
• Use a credit card for recurring expenses. If your card has a cash reward program you can set up your utility bill, membership, or subscription payments on a period basis and earn credit points automatically.
• Transfer balances to reduce interest.Some cards let you transfer balances from other loans. According to CardHub, eight of the largest credit issuers let you transfer auto loan balances, and seven of these allow mortgage, auto loans, small business loans and student loans to be transferred.
• Exploit sign up bonuses with a new card. By spending reasonable minimum on your card, you can redeem frequent travel miles or free hotel stays.
• Extend warranties. Many credit cards offer a no-cost deal for automatic extension of warranties on purchases made with your card. A typical offer includes doubling of the manufacturer’s warranty for up to one extra year of coverage.
• Lower cost on your loans by raising your credit score. Having open credit accounts and positive activity (e.g., always paying bills on time), can raise your FICO credit score and your eligibility for the best credit cards. For instance, the higher FICO score helps you save the monthly mortgage payment.
• Save car rental insurance by booking with your credit card. Many credit cards such as American Express offer insurance against damage to or theft of your rental car, although coverage doesn’t typically cover liability, personal injury or damage to others’ property. To say the least, credit cards may cover the deductible for rental car incidents.
• Protect the best price. Some credit cards such as Discover and MasterCard will refund the difference if your purchase goes on sale after you buy or if you find the better price within the specified time limit (e.g., 60 or 90 days after your purchase).
• Manage your monthly spending by tracking your monthly expenses. Many credit cards allow you to sort your monthly statements by category or retailer. This information helps your budget planning.

For more details of similar benefits of using your credit cards, please check the credit card 101 https://www.thebalance.com/earn-money-credit-card-4036846