There are a lot of misconceptions floating around about credit cards that might steer you away from using them. The truth is, there are a lot of benefits that credit cards offer that should promote you to use them more often. In this article, we will discuss some of the key benefits of credit cards.
Benefits Of Credit Cards:
One of the main benefits that you are going to get from using cards for your purchases is the ability to earn points that can be used for traveling and/or other types of redemption. Being able to earn points will allow you to actively increase the value of your purchases entirely because you will be gaining reward points for making them. Therefore, you will actually be getting credited points for making purchases which can add up to significant amounts over time as stated on Credit Secrets Review. Don’t underestimate the number of points you can accumulate over the course of a year of spending primarily with your credit cards.
Another significant way to benefit from spending money with your cards is by earning cash back on your purchases. A lot of credit cards specifically offer you cash back on the purchases that you make within a certain period of time. Some cards will give you a set percentage of cash back on all of your purchases and some will have specific categories that you must spend in during various quarters. Regardless, getting cash back on your purchases can be a significant benefit to you if you are someone that makes a lot of purchases on qualifying purchases.
3. Warranty Extension.
Another significant benefit that you are going to be able to get from making purchases with your cards is the ability to improve the warranty for expensive products like electronics. Instead of buying extended warranties through the manufacturer or retailer that you are buying the merchandise from, you can leverage the benefits that come with your credit card. This will allow you to get all of your electronic purchases covered sufficiently by extending the manufacturer’s warranty of your purchase.
4. Purchase Protection.
Some cards are going to offer you a good amount of purchase protection that you can use with the purchases you make. This will provide you with peace of mind knowing that you can return the product that you purchase and receive the full amount back even if the retailer’s return period has expired. This can give you much more confidence to purchase products you might not necessarily be completely sure of and it can reduce the headache of having to deal with a broken or malfunctioning product.
Overall, there are a lot of benefits that you can take advantage of when it comes to shifting your spending from cash to credit.