Everyone should at least have one credit card if you are looking to build your credit score. There are several reasons why having a credit card is beneficial for you. Some of the benefits of having credit cards are briefly highlighted below.
One of the benefits of credit cards is that they can be really helpful when it comes to an emergency. Incase you do not have an emergency fund then a credit card is something that will be quite beneficial for you. With a credit card, it is easy for you to meet your emergency without touching your savings or money allocated for something else.
When you make purchases with your debit card, it is easy for you to dispute charges especially if the item was on offer. Immediately you make a complaint, you are sure that your cash will be returned which is something that is hard to do if you are handling a debit card. In most cases, the money is usually removed until the dispute is resolved when you have a credit card.
With a credit card, you usually have the opportunity to take advantage of a number of rewards. For instance it is easy for you to get a sign up bonus when you get your credit card for the first time especially if you meet a minimum requirement. Other rewards are usually in form of cash backs, gift cards, rebates airline miles and many other rewards. Discover more here!
Another benefit of credit cards is that they are quite convenient to have especially if you do not want to carry cash around. It is easy for you to carry the credit card around and you do not have to worry about insecurity. With the card, you can also easily buy items online and you can easily use them when travelling since they do not charge a transaction fee.
Using credit cards is also beneficial since most companies usually provide extended warranties on things that you purchase with their cards especially if they are electronics. There are instances when the manufacturer warranties are doubled and that becomes something that will benefit you in the long run. Such a feature is something that you will enjoy and something that will come in handy when you are buying various home appliances.
There are car rental agencies that will not allow you to rent a loan if you do not have a credit card. If you rent out the car with a debit card, you may find that you need to pay some deposit for you to be able to rent out the car. With credit cards, you may also find out that you have some liability insurance making it ideal to have the credit cards. To know more, visit this page.
Check out also this related article – https://www.huffpost.com/entry/3-times-you-should-pay-with-a-credit-card-and-3-times_b_5b5b34cbe4b0eb29100e595f