Cool Credit Card Tricks to Increase Investments

Whether you invest in stocks, bonds, or mutual funds, it pays to understand where your money goes. When making purchases, you may see a statement notifying you that your purchase went to a designated account or a specific credit card. This is because your credit card company is giving you the option to designate where you want your purchases to go. The reason for this is that companies offer different rewards on different credit cards, which means your credit card provider may want to direct your payments to their specific bank account.

While there’s nothing wrong with letting the credit card company direct your payments, it can also be beneficial to know more about your cards to increase your investments. There are, however, many ways that you can use to do this. Below we’ll list 5 cool credit card tricks for investment:

1. Set up Automatic Payment

One of the easiest credit card tricks for investment to set up a different auto payment is with instant credit cards. If you’ve been putting a certain amount of money into a mutual fund or saving for retirement, you can set up a monthly automatic payment. While it’s possible to do this with debit cards, credit cards offer many more benefits.

When you set up a payment on your instant credit cards, you don’t have to worry about forgetting to make your payment. With automatic payments, you can have the money automatically deposited into your account on the set date.

2. Use Rewards Points to Buy Stocks

While many instant credit cards come with different kinds of rewards for making purchases, there are some special credit cards with rewards specifically for investments. While these credit cards may be more expensive than some, they are worth the added cost for those that want to start investing.

Rewards credit cards are designed for those who want to make investments, which means they are usually designed to pay you higher rates on purchases.

3. Apply for a Capital One Account

Capital One offers several great credit cards, including many that allow you to save for investments. The best way to apply for these cards is to contact the company. The company offers an online application for credit cards, as well as a paper one you can complete with your credit card company.

The application takes a little bit of time, but in the end, it pays to be prepared. You’ll want to know the interest rates you’ll be charged, as well as whether the credit card will let you make larger payments.

4. Check the cashback you are getting

You should always check the cashback your credit card company is providing you for the products you are buying. Many times, you can earn a higher amount on your credit cards with the cashback you are getting.

In case, your credit card company does not provide any cashback on your credit card purchases, then you should opt for the cards that offer you the cashback. Many such credit card companies are providing cashback for purchases.

5. Look for an international credit card

International credit cards offer a lot of discounts on the goods that you are buying. International credit cards are mostly known for offering very high cashback on their transactions.

You can use these credit card tricks for investment to earn huge cashback on the products and other items that you are buying. International credit cards are very famous for providing good cashback on every purchase that you make.