It’s pretty easy nowadays to spend money using a credit card. With the tap of a card or a few strokes of your keyboard, a whole world of items can be yours. This type of convenience can make it more difficult to keep track of the wide range of purchases that appear on your bill.
So here are some ways to use credit card tools to help you monitor your expenses and improve your credit health.
- You’ll receive a detailed breakdown of your spending habits.
One of the first steps towards managing your budget is knowing exactly where you spend your money. What percentage of your income goes towards rent, bills, groceries and the gym each month? How often do you treat yourself to clothing, vacays and dinners out? Using a credit card instead of cash—and frequently checking your online or mobile banking account—will help you to understand where your paycheque goes and where you can cut back.
- You’ll get notified about subscriptions and bills.
Nothing kills your monthly budget faster than unexpected charges popping up like annual subscription renewals, a spike in a bill payment or a free trial expiring before you can cancel it. That’s where a credit card can help. Choose a card that will provide notifications for these types of charges. For example, with a Capital One® credit card, you can get notified about things like bill hikes, subscription renewals and free trial expirations, so you’re more in the know.
- You’ll have help catching double charges.
Most credit card companies commit to monitoring accounts for suspicious charges. Capital One goes the extra mile and notifies customers if they’ve been charged twice for the same purchase on their cards. So, if you were charged twice for those reading glasses you bought last week, Capital One can send you an email letting you know about the double charge. It’s just one of the ways they’re helping their customers keep track of their purchases.
- You might also get some perks.
Many credit cards offer cash back or rewards. Try to look for a card that promises perks for the things you prioritize. Capital One makes this easy, as they have a suite of cards to meet everyone’s needs. Got the travel bug? Apply for a card like the Aspire TravelTM Platinum Mastercard®, which gives you 1 reward mile for every $1 spent on all purchases. Looking to build credit? The Guaranteed Mastercard can help you get there while providing you with a number of great benefits—24/7 customer service, purchase assurance and extended warranty coverage to name a few.
With these credit cards, you’ll have access to online and mobile banking, plus you can sign up for helpful alerts to let you know when your payments are due and when you’re approaching your credit limit. Visit the Capital One website to learn more.