When looking for a job, underemployed and unemployed Americans may be a little short on cash.
While debt-slashing gurus like Susie Orman and Dave Ramsey shun the use of credit cards, there’s no doubt that a credit card can help when you need to fill up the tank or print out 100 new resumes for your job interviews.
There are a few credit cards like a prepaid credit card that can help you save money when looking for a job, if you know how to use them responsibly. Here are 3 credit cards you can use when looking for a new job.:
Best Credit Cards for Job Seekers -Cash-back credit card
If you are spending money on internet access as you look for a job or investing in an updated cover letter and resume, use your cash back credit card for these purchase.
With some plans you can get 1 or 2 percent cash back on all purchases, giving your budget a boost on related expenses such as networking power breakfasts, job search services resume preparation, job coaching, and so on.
For example with some credit cards shoppers can $100 cash back after spending 500 dollars in 3 months, and get another $200 cash back when you spend another $1,000 before the end of the year.
Best Credit Cards for Job Seekers – Credit cards with frequent flier miles
If you are an executive who needs to travel for a job interview on your dime, use the credit card that offers frequent flier miles for major purchases.
As you travel for business and use the card for hotel stays and rent- a-cars you can rack up frequent flier miles with each purchase.
Look for special monthly promotions that offer more frequent flier miles when you spend a certain amount each month or dine at certain restaurants for business meals.
When you need a new interview suit or a pair of pumps for your wardrobe, use a store credit card to buy these items.
While some department store credit cards have limits that start at $300 and high interest rates of 28 percent or more, when cash is tight – and the charge is less than $75.00 – use the store credit card instead of your cash.
But before you spend money on your Macy’s, Bloomingdales or JcPenney store card, check the newspaper for additional 20% off coupons to cut the total price of your purchase.
Searching for a job is tough if you are on a limited budget. But using these best credit cards for job seekers you can offset the expensive cost of finding a new career and a new job—even if you are presently employed.