4 Reasons To Use Your Credit Card Over Cash

Credit cards are an effective way of financing your purchases especially if you don’t have sufficient funds. 83% of Americans aged 30 to 49 had credit cards and actively used it.

While some have reservations about the use of credit cards, it’s actually a beneficial way to fund your expenses. Here are some of the reasons you should use credit cards:

Sign up bonuses

Most credit card companies provide new customers with welcome-aboard perks like sign up bonuses. Clients who already have good credit can get approved for credit cards at higher sign up bonuses. Other credit card companies or credit unions offer new customers handsome rewards just to welcome them. These rewards can be redeemed at select stores. Debit cards don’t offer the same kinds of perks.

Rewards and points

Credit cards work on a points system. The more you swipe your credit card, the more points you accumulate which can be used at different stores. You can earn up to 5 points for every dollar you spend.

Credit card facilities also offer special promotion periods on certain stores that can help you earn double the points. These offers are usually on restaurants and transportation services since they are used most frequently. Once you reach the allotted points, you can begin redeeming them.

Universal acceptance

Not all purchases are easy to make with a debit card and carrying around a lot of cash isn’t safe these days. Credit cards are extremely handy for such situations. Whether you need to rent a car or book a hotel room, swiping your credit card to make the transaction is always a better choice. Car rental companies and hotels find it easier to charge customers for any damage caused to their asset or property when dealing with credit cards.

Building credit

Your credit score means everything when you’re trying to secure loans or even a mortgage. Credit score refers to how reliable you are as a debtor; do you pay your dues on time or late? Have your credit card bills just been piling up?

Credit scored can range from 300 to 850. 700 and above is considered good and can make securing loans an easy process.

To improve your credit score, use your credit card frequently and pay the company before the due date. Constantly paying up late will affect your credit score and the interest you pay per dollar owed.

Head on over to Tyndall for credit cards in Panama City, FL. The company offers 0% introductory APR on purchases and 3% introductory APR on balance transfers. They also offer personal loans and mortgage lending. Contact them at 850-769-9999 for more information on their services.

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