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Credit Card Perks for Savvy Spenders

Credit cards provide several key advantages for users. They allow for convenient payment of everyday purchases without needing cash. Some credit cards also provide rewards for purchases like cash back or travel points that accumulate with regular spending. Additionally, credit cards are useful when traveling as they can be used to reserve hotel rooms or rental cars before a trip. Finally, credit cards offer protection against fraud and theft while traveling since transactions can be stopped if suspicious activity is detected, and stolen funds are not directly linked to a user's bank accounts. Thus, when used responsibly, credit cards enhance purchasing power and provide financial security for cardholders.

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Yuda Setiawan
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103 views1 page

Credit Card Perks for Savvy Spenders

Credit cards provide several key advantages for users. They allow for convenient payment of everyday purchases without needing cash. Some credit cards also provide rewards for purchases like cash back or travel points that accumulate with regular spending. Additionally, credit cards are useful when traveling as they can be used to reserve hotel rooms or rental cars before a trip. Finally, credit cards offer protection against fraud and theft while traveling since transactions can be stopped if suspicious activity is detected, and stolen funds are not directly linked to a user's bank accounts. Thus, when used responsibly, credit cards enhance purchasing power and provide financial security for cardholders.

Uploaded by

Yuda Setiawan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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The Advantages of Credit Card

In fast-paced modern era nowadays, people are demanding that everything needs to be as easy
and quick as possible, including the way they pay everyday purchases. Using a credit card can
be the right choice to meet the need. It is a handy way to make payments and keep a record of
daily purchases, such as groceries and gas. Many also use this card to pay a monthly bill,
insurance premium, and many others. All we need to do is swipe our credit card at a retail store
or e-commerce platform and we are done.

Beyond its convenience as a means of payment, credit cards also have other advantages for
their holder. Then, what are the advantages of credit cards?

In some cases, credit cards give their cardholder rewards for making purchases. Rewards can
vary according to the issuer and credit card type. Some rewards come in the form of cash back
or discounts on gas station, coffee shop, and food outlet, or even free travel. For people who
use their cards regularly, they can get some points for each purchase. These points will be
accumulated and when the cardholders reach a certain amount, they can redeem them for
things they are going to purchase.

Credit cards can also be beneficial when traveling. It is because some major hotels and car
rental companies require a hold on a credit or debit card to book a room or reserve a vehicle.
This process can take several days or longer. During this time, the amount of the hold on either
a credit or debit card is not available to use because we may not have the needed funds in our
bank account. In this situation, the credit card increases our purchasing power and provides us
with the required fund at the time they are needed.

Lastly, a credit card offers protection to your money in case of theft or loss when traveling.
Some credits cards offer fraud alerts to serve as a safety net in case of potentially fraudulent
activity is detected. The alert may be sent via email, a phone call, or text message and the
transactions from unauthorized purchases can be stopped. Since a credit card is not directly
linked to a checking or saving account, there is less risk of the thief gaining access to money in
these accounts. Additionally, it is a lot safer than holding some cash when traveling.

In conclusion, a credit card can be a fairly invaluable financial tool when it is in the right hand
and used correctly. Besides its convenience, a credit card has many advantages such as giving
rewards, increasing purchasing power and offering extra security to the cardholder's money in
case of theft or loss.

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