What are the advantages of owning credit cards

Published on 13 July 2012 by Raffick Marday

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Credit Cards – Let Us See The Advantages Of Owning Credit Cards

Credit cards have become one of the most popular modes of payment in-person or online all around the world now. People use it almost on a daily basis, without much pondering upon the benefits this card gives to them. Actually, credit cards offer great benefits to customers, allowing them to make purchases anywhere anytime without the hassle of carrying pocket or bag full of cash. And with credit cards you protect yourself from certain cash related problems and you can also get some rewards offered on these cards.

Now, let’s zero-in on some of the benefits on keeping credit card:

1. Credit cards lend you with greater purchasing power. Suppose you want to buy some expensive gift, then you need not save up the money to buy that gift. You can use your credit card to make an expensive purchase and pay off the due over time. This benefit comes most handy in emergency situations. You can pay off unexpected expenses like medical bills, or immediate car repairs, and more. If a credit card is used properly, then it can also boost up your credit rating.

2. Credit cards also give you more security in the sense that you don’t have to carry a large amount of cash. You can use credit card even for daily purchases and pay off the due amount at the end of every month. You can also lose cash anytime. It can get anytime stolen. But even if you lose your credit card, your money stays with you.

3. If you have a credit card, then you can easily make online purchases. You can choose form a wide range of items available at discounted rates online. You buy a product online, and pay immediately via your credit card. And most card issuers provide you with protection, in case you face any kind of dispute while purchasing online.

4. Add to that, many credit card issuers offer myriad special benefits and rewards. For example, with some cards you can earn airline miles, which can be exchanged for cash or any other gifts. And if you own a gold or platinum card, then earn endless benefits.

5. And if you have a good credit history and you always make payments on time, then you can up your credit rating. By doing that, you will prove that you are financially responsible and thus get more benefits from the credit card company.

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