Take advantage of credit perks

Think your “points” are meaningless? Think again. If you have a credit card that rewards your purchases with points, it’s important to know their value. Your bank or credit union should have several ways to check your point balance and learn more about how to use them for goods and services.

Beware of “shop now, pay later”

If you’ve ever shopped online (looks around, sees zero hands not raised), you’ve seen this option. It may seem innocent, but the consequences can be severe. Miss your third $15 payment towards those boots? It’s the same as missing a credit card or loan payment — you’ll pay a fee, and it will be reported to the credit bureau.

The pros’ recommendation: Opt for a low-interest credit card instead, boosting your credit and even earning some handy points.

From gift cards to discount tickets, read on for more tips to protect your piggy bank while making the most of the holiday season.

5 ways to shop smarter