credit card

Credit cards are important, these days. Buying things that you want and need can be easily done in one swipe, not to mention that you don’t need to bring a stash of cold cash with you. The benefits of having a credit card are totally endless.

However, some people make wrong decisions in using their credit cards, which simply get them through difficulties, like having a bad credit history and poor credit score.

Do you know the best way to use a credit card? If you know the best ways of using your credit card, it could surely save you from possible financial troubles that most people do.

Use it as Your Mode of Payment

Whenever you pay your statement balance in full and right on time, you will surely avoid any sort of interest charges. When you use it this way, the credit card will become your mode of payment, not a means of finance.

It will surely let you enjoy many different benefits for free. For instance, you will receive a free loan when you make purchases which are paid off within 22 to 55 days later. Moreover, you are also given the protection against fraud, which is highly guaranteed by the Fair Credit Billing Act.

Use it to Earn Your Rewards

Do you have any idea that you are able to earn rewards for using your credit card? For the most part, it is what most credit card offers to their holders. The cardholders using reward cards can earn valuable points, cash back or miles for the purchase they made. Those cardholders earning cash back will also get discount on all of the purchases from 2% on their general spending to 5% for purchases from certain spending categories.

This might not seem to be a lot of bonus, but most of the cardholders earn a hundred dollars in cash back rewards every year. On the other hand, some of the cardholders consider earning points and miles toward their award flights, free hotel nights or other travel rewards.

Use it as Your Protection

There are many unscrupulous merchants around. You don’t want to be deceived and lose hundreds of dollars for being careless, right? One of the most overlooked benefits of a credit card is that you are secured and protected whenever a merchant fails to deliver the services or goods you paid for. Not only that, you will also be protected if the services or goods you have received are significantly different from the merchant’s claims.

In order to get your money back, you want to contact the issuer of your credit card and request for a chargeback. As such, you will receive a momentary credit for the disputed amount. Once the card issuer has researched and proved that your claim is legit, then it will become permanent.

Even if you are a cheap credit card holder and want to make the most of it, it would be ideal for you to consider the best ways of using a credit card and enjoy the benefits it offers.

/wp-content/uploads/2014/11/credit-cards.jpg/wp-content/uploads/2014/11/credit-cards-200x133.jpgMartin B.Credit Cards
Credit cards are important, these days. Buying things that you want and need can be easily done in one swipe, not to mention that you don’t need to bring a stash of cold cash with you. The benefits of having a credit card are totally endless. However, some people make...