|
ADVANTAGES OF CREDIT CARDS
Thinking about applying for a credit card?
StarLoanServices.com has outlined some helpful information, detailing the pros of using a
credit card for making purchases.
Credit card rewards
Almost every credit card available offers some type of
reward for use. Offering freebies is the way credit
card companies compete for your business. They will
not battle each other by offering lower interest
rates. You can accumulate a tremendous amount of credit
card 'rewards' if you pay your balance every month.
However, if you don't pay your account in full, the amount of money you pay in
interest every month will cost you much more than any of
the freebies you receive. Check out some
great reward card offers. Some of the more popular types of reward credit cards:
Cash rebates on purchases - Typical
annual savings on all purchases are about 1%. At the
year's conclusion you will either receive a check in the
rebate amount or your credit card account will be
credited the sum.
Airline miles - For every dollar that you
spend you will receive a frequent flier mile. Your miles
are generally worth two or three cents each.
Gas rebates - Get
discounts on gas when you use your credit card for
fueling your vehicle. Learn more about
how to save money on gas.
Store and restaurant discounts
- Receive savings at participating stores and
restaurants when you use your credit card.
Free merchandise - Many credit cards offer
seasonal rewards for card holders.
More advantages of credit cards....
Avoid hassles at the airport - Buying an
airline ticket with a credit card is viewed as
non-suspicious by the FAA. With all of the threats of
terrorism, using cash is looked at as shady and can
result in you in being detained and question.
Protection from bankrupt airlines - When
you use your credit card to buy airline tickets, you are
protected from losing money if the airline goes bankrupt
prior to you flying.
Stop payment rights - The ability to stop
payment on a purchase is one of the best advantages of
making purchases with your credit card. Suppose you buy
something on the Internet, and you never receive it or
the item is defective, you can contact your credit card
company and put a stop payment on the product.
Rebuilding or improving your credit -
Whether you have no credit, or bad credit, using a
credit card responsibly will help improve your credit
rating. Using a credit card responsibly means
making your payments on time every month. This does not
necessarily mean paying the balance off in full. But, you
should not keep a credit card balance of more than 15%
of your available line. Check out some of the
credit card offers for people with bad credit
we
offer.
** Not paying your credit card bill on
time will adversely affect your credit rating.
Extended warranty, theft and damage protection
- Many credit cards offer added warranty, theft and
damage protection on purchases made with the card.
Related reading:
-Credit
vs. Debit Cards |
