Many people are accustomed to using a debit card for everything. However, you may be able to get a better deal by using a credit card. If you manage your money well, then you can reap many benefits by using a credit card.
Most credit cards today come with rewards. You can get things like cash back and travel rewards. There are several signs that indicate it is time for you to get a credit card.
You Are Debt-Free And Want to Stay That Way
Credit cards make it convenient for you to buy things. However, they are not a good option for people who need to borrow money long-term. Credit cards are known for having high interest rates. Because credit cards have high interest rates, you should only get one if you plan on paying it off each month.
You Are A Frequent Traveler
There are many credit cards that offer travel benefits. This includes things such as free entry to airport lounges, TSA pre-check and application free credits. You can also get good deals on car rentals and hotels.
You Are Worried About Fraud
You won’t be held responsible for fraudulent purchases that are made with a credit card. It is harder to get compensated for fraudulent purchases made with a debit card. Your liability limit is only $50 if you report the transaction within two days. If you report the fraud within two to six days, then the liability limit is $500.
You Want Consumer Protections
There are many consumer protections that you can get with a credit card. You can get free phone insurance, price protection and guaranteed returns.
You Want Free Stuff
You can get cash back after you make a certain amount of purchases. You also get gift cards, travel rewards, merchandise and airline points.
Dil Bole Oberoi
