Use Credit Cards and Leave The Cash Behind

In Cards
Credit Card Scores, pay your bills on time, debit card, Enjoy the Rewards, gain extra points and cash, tax season, paycheck, free purchase protection, Credit Cards

Credit Cards are a getaway for poor financial decisions. When there is an abuse of spending, poor financial decisions are made. The average Americans credit card debt is $5,700. Have you ever questioned what’s the reason behind a credit card abuse? It could possibly be because of financial downfall. However, customers forget that using credit card the right way can reap for benefits.

Convenience in Credit Cards

Boosting Credit Card Scores

You can boost your credit card score if you start paying off your balance on time and in full amount. Credit card can work against you if you charge more than you can afford, or fail to pay your bills on time! However, if you treat your credit card like a debit card and ensure that your balance doesn’t exceed then you would be in great shape.

Enjoy the Rewards presented

How do I put extra cash back into my pockets? Simple! Using a credit card often would help you build an interest into knowing rewards programs and through rewards one can gain extra points and cash. For an instance, your card offers 3% cash back on groceries, gas, and restaurants, and you spend a total of $10,000 a year across all three categories. At the end of the year, you’ll have $300 coming your way — for free.

Also, some credit cards offer discounts on the things you often need for an instance certain stores run promotions where cardholders get an extra 10% off their purchases. If you’re doing your holiday shopping and are able to save 10% on a $400 haul, that’s $40 extra coming your way just for using your card instead of paying cash.

Looking closely at your spending

Being meticulous about your recordings can certainly help when you use cash as it is easy to lose track of where your money goes. However, with credit cards, you get more detailed records.

In order to stick to your budget, it is always best to keep a close eye on your expenditure. During tax season, credit card records can be a lifesaver

Cash Flow

One of the best reasons to have credit card is to avoid debt by giving the option to charge an expense while waiting for the paycheck.

Purchasing for Security

Credit cards are different as some may offer free purchase protection which covers you in situations where such your product is damaged, lost or stolen. And some credit cards protect you from travel delays.

Rewind programs are offered by some cards in some cases whereby the credit card company will pay the difference if you find something at an expensive rate and then find the same product for a much cheaper rate. Within 30 to 60 days, the credit card company would pay the difference in price amount.

Self control is definitely a must when looking at credit cards as it can be a temptation. But however, if you know are discipline and know how to use your cards wisely, you would be able to enjoy the world where of benefits that cash does not offer.

Image Credit: allfinance411

 

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