Why do you use credit cards? If you can’t answer this question you are not alone. But before you think this is alright, you need to reconsider. You should definitely determine why you use credit cards on a regular basis, as well as what this can do for you. Contrary to popular belief, there is nothing wrong with using a credit card. As long as you are responsible and you know what you are doing, you will be able to avoid trouble while taking advantage of benefits.
Here are several reasons why we use credit cards:
1. This is a great way to build credit in a responsible manner. You want to start building credit at a young age so you can begin to make big purchases as you get older. If you build your credit through the use of a credit card you will see your score increasing as the months go by.
2. A credit card is a great thing to have for emergencies. Sure, cash comes in handy, but a credit card is perfect if you need to spend a lot of money in a hurry. For instance, if your car breaks down and you need to have it repaired at once a credit card is your best bet.
3. With credit cards you can earn rewards for the money you spend. Some credit cards allow you to earn points which can be redeemed for everything from travel perks to home goods and much more.
4. If used properly, your credit card is safe and secure. To go along with this, when you use a credit card you can add an extra layer of protection between you and the seller. In today’s day and age this is an important benefit.
5. Most credit cards are accepted worldwide. This means that you don’t have to worry about carrying cash no matter what country you are visiting. Talk about convenience!
As you can see, there are many reasons to use credit cards. Even if you are against plastic for most purchase, there are benefits of carrying a credit card in your wallet. Check out the five reasons above. It is safe to say that you can identify with one or most of them.
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It may be the greatest rewards program ever—the travel rewards. Just think about it. These travel rewards credit cards allow you to travel in style after you’ve earned enough points. And the best thing about many of these travel rewards credit cards is that it’s double as easy to earn enough points to travel.
The reason is pretty self-explanatory. For one thing, many of these travel rewards credit cards are put out by the major airline companies. They offer you a program where you can earn premium points every time you use their card to buy tickets on one of their planes. Say they give you two points for every dollar spent on one of their tickets. That’s bonus number one.
Then, these cards usually give you regular bonus points—say, one point for every dollar spent—anytime you make a purchase on any other item, like a night out at a restaurant, a new recliner for the living room, or just a soda and bag of chips at the convenience store. That’s bonus number two.
The third bonus is where it gets really good. That’s because all of these points you’re accumulating usually go straight into your frequent flyer program at the airline. And remember, anytime you fly on one of the company’s planes, the miles you fly are added as points to your frequent flyers account too. That means, essentially, you’re getting double the points every time you use your card to buy a plane ticket for the airline, and then get on the plane.
These cards have become so popular that even online travel sites are getting into the travel rewards credit card business. Their deals may seem a little sweeter if you frequently shop online for the best flight deal and don’t necessarily fly the same airline every time. Some of these new cards also have much lower bars when it comes to earning free stuff. In other words, it may take one-third, or even one-quarter, fewer earned points before you can get free trips or steep discounts.
You best bet is to take advantage of the heated travel rewards credit card business out there, and shop around. Let the credit card companies come to you with the great deals, while you do research on your own for other competing deals. Shop until you find the travel card that will get you the most flights for your spent buck.