Best Credit Card Benefits+Rewards
Credit cards get more than their fair share of bad press, but the truth is that most credit card problems are with the cardholder, not with the card itself.
Just like the saying "guns don't kill people, people kill people", a similar statement of "there are no bad credit cards, only bad credit people" could be said regarding credit cards. Credit cards offer us all sorts of benefits and perks. Sadly, many of these go unused by cardholders.
The best credit card benefits and rewards include:
Purchase Protection: Should you buy a faulty product or are shipped the wrong product and you're unable to resolve the dispute with the seller, with your credit card company's assistance, you can reverse the credit card charge. Another purchase protection offered by some cards are free extended warranty protection, typically for the first 30 days of purchase and protects against loss or damage.
Automatic bill payments. You can charge recurring bills onto a credit card to have them paid automatically for you each month. Not only is this convenient, it also helps you save money (no more postage stamps, envelopes, time wasted writing a check, plus no late fees for slow mail or for forgetting to mail in your payments).
ID Theft Protection: When you pay a bill with a debit card or a check, a thief could get your account numbers and make charges which could be difficult for you to prove were fraudulent. But with a credit card, your word is all that is needed, and the card issuer will immediately reverse the charge and do an investigation.
Help to Improve Credit: No doubt, credit cards can help build or rebuild credit scores if you use them respectfully, pay your bill on time and don't exceed your limit.
Free loans with no interest. A typical grace period of 30 days means you are getting a free loan (no interest) if you payback the charge within that time frame. If you have a 0% introductory period card that lasts for six months, your reward is even greater.
Points and CashBack: Some rewards credit cards; particularly travel credit cards, offer free airline sky miles, hotel and motel points, purchase discounts and cashback rebates.
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