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Make Your Credit Card Do All The Hard Work

Make Your Credit Card Do All The Hard Work

19.08.2019

Credit cards are often considered more convenient than other forms of payment. However, most people only prefer them for one reason: buy now, pay later. When you purchase using a credit card, the amount is only paid back at the end of the month or the beginning of the next month, depending on your plan. 

But, today, credit cards are worth so much more than just that. If you use them wisely, they can do all the hard work for you, giving you innumerable benefits and also saving you a lot of money! Here’s how you can learn to do that.

Boosting Purchasing Power

Banks today offer you a wide range of features and benefits with every type of credit card (and there are many to choose from). If your main goal is increasing your purchasing power, credit cards will do the work for you. For instance, some banks give you up to 75% or even 100% of your available credit limit in advance as cash. 

Also, most credit cards come with attractive discounts and offers covering lifestyle, entertainment, dining and more. Planning to watch a movie on the weekend? Your credit card can cover 1 ticket free for every ticket you purchase. Other offers could be on electronics, clothing, or even a free coffee or pizza. 

Further, many credit cards also allow flexipay options: this means you can pay back what you spend over a longer time in small, easy instalments. 

Going the Extra Mile 

Credit cards are a huge advantage if you’re a frequent flyer. You get free travel insurance and airport lounge access at hundreds of locations, along with the best travel and lifestyle deals.

Further, every purchase also gets you Air Miles, which you can redeem for everything from booking a flight on nearly 800 airlines, reserving rooms across 150,000 hotels or even renting a car during your trip. 

What’s more, whenever you are abroad, you don’t have to worry about exchanging currency – your credit card automatically pays in the currency of the country you are in.

Safety First

Another huge advantage is security: If your card is lost or stolen, nearly all card issuers have a zero-liability policy, meaning card owners are not responsible for unauthorized purchases. 

Credit cards also come with fraud protection. If your details get hacked – which, unfortunately, can happen – money won’t come out of your bank account, and you don’t have to pay for fraudulent purchases.

Credit cards also come with purchase protection. So, if a merchant doesn’t come through, you’ll get your money back. This also extends to replacing your purchase if it’s damaged or stolen. So, using your credit card for everything automatically gives you purchase protection for everything you buy.

It Grows With You

Your credit card is like a piece of property in your pocket. The longer you have it, the more it works for you. Even when applying for a loan – whether it’s for a car or your dream house – a good credit card history will smoothen everything. 

Further, as you grow, your card grows with you: you can upgrade to bigger and better packages, which come with even more awesome perks and advantages. 

One important thing: Don’t forget to check with your bank about all the various offers and benefits you can avail! So, whether it’s a quick business or leisure trip, a shopping spree or a movie, a romantic dinner for two or a pizza party, it’s time to put your credit card to good use and make the most out of every opportunity.