Are you considering applying for a credit card?
The advantages of using a credit are described below
card to make purchases.
Receive rewards for the use of your credit card
Today, almost all types of credit cards available have
some kind of reward related to it. offering advantages
and gifts is the number one method used for credit
card companies to solicit business. They never
go head to head, offering lower interest rates. When you
pay off your credit card balance every month, you’ll earn
a tremendous amount of ‘rewards’. On the contrary, if
you refuse to make your payments in full, the amount of
money you end up paying in interest probably going to
it will cost you more than the ‘rewards’ you receive.
There are many different types of reward credit cards.
available.
Some of the most popular include:
Cash back on purchases – annual common
Savings are 1% on all purchases. At the end of the year
receive credit for the full refund or a
a refund check will be sent to you.
air miles – You will earn a frequent one
travel mile for every dollar you spend. the miles are
they are typically worth two or three cents each.
gas rebates – When you use your credit card to refuel your car, you will have
receive a discount on gasoline when you use this type of
credit card.
Discounts in shops and restaurants – These types of credit cards offer savings when participating
restaurants and shops when used.
free goods – Many credit cards offer
seasonal rewards for cardholders.
Some more advantages of using credit cards…
Eliminate stress at the airport – When you use a credit card to buy a plane ticket, it is
viewed as non-suspect by the FAA. As a result of terrorism,
using cash to pay for a ticket is considered very
suspicious and will likely result in your being detained and questioned.
Protection against bankrupt airlines – Using a
credit card to buy a plane ticket offers you
protection against losing money in case the airline leaves
spoiled.
Suspension of payment rights – One of the best
The advantage of using credit cards to make purchases is
the ability to stop payments in the event that an item
it is never received or broken. For example, let’s say you buy
something on the Internet, but you never receive it, you
you can contact your credit card issuer and initiate a stop
product payment.
Improve or rebuild credit – No matter if you have bad credit or no credit, when using
responsibly, a credit card is one of the most effective means of improving credit
ratings and scores. Responsible credit card use means making payments on time
every month and without exceeding your available credit limit. You do not have to
pay your balance in full, right on time. A good rule of thumb is not to spend
more than 15% of your available line.
Extended warranty, protection against theft and damage – Many credit cards offer additional guarantee, protection against theft and damage on purchases made with the card.
