Reasons to Consider a New Credit Card If You’re Trying to Save Money as a Family


When families start looking into ways to save money, “new credit card” typically isn’t very high on the list. That’s because credit cards have an understandably poor reputation on average. It’s true that if you’re not careful with the way you’re spending, a credit card can leave you in debt very quickly. However, if you are careful with the money you spend, a credit card can actually help you save. Here are four reasons a new credit card might actually be a good option.

1. Credit Cards Often Offer Rewards and Cashback Programs

Debit cards with checking accounts very occasionally offer rewards programs and cashback programs, but not very frequently. Credit cards, on the other hand, more frequently offer all kinds of rewards. That means when you make a purchase with your credit card, you may be getting essentially a built-in discount on your overall order.

2. You May Be Able to Get Special Financing With Credit Cards

One of the biggest things that people worry about with credit cards is the APR, or Annual Percentage Rate. This interest can build up extremely quickly, which is why many people steer away from making purchases with credit cards. However, some credit cards offer special financing either for an introductory period or on purchases above a certain dollar amount, which means you might be able to get low teck on certain purchases.

3. Special Freebies May Be Available for Cards With Annual Fees

An annual fee is one of those things that can scare people away from deciding on a specific credit card. However, a card like the Marriott Bonvoy credit card, which does have a moderate annual fee, may give you significantly more bang for your buck than a card that’s completely free. This card, for example, gives you a yearly free night that’s worth up to $280 on average, which is nearly three times the $95 annual fee.

4. Welcome Bonuses May Be Pretty Significant

A welcome bonus is another thing that can be a great selling point for a credit card. If you spend a certain amount within the first few months of opening your new credit card, you may be eligible for all sorts of benefits. Especially if you’re planning to make a large purchase soon, you might want to apply for a new credit card with a great welcome bonus so you can take advantage of that welcome bonus.


It’s a very good idea to be careful with any credit cards that you open for your family. After all, it’s completely true that credit cards can be dangerous if you don’t know how to use them. However, for families that have a good handle on their spending, credit cards can be a great way to save more money, especially with computer and rewards programs. If any of these four points look good to you, it might be a good idea to consider a new credit card.

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