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Many people fear using their credit cards when making purchases. It’s probably because of the idea of going into debt. Many articles online, advice from our parents, and our own experiences probably taught us that using credit cards is a bad idea.
But the truth is, credit cards are not evil. Instead, when used correctly, they offer many benefits. For instance, they’re a convenient way to pay for everyday or larger purchases that you can’t afford to pay all at once.
While it might not make sense to purchase everything with a credit card, there are a few rewarding credit card purchases. Let’s look at five of them.
Electronics And Appliances
Electronics and appliances are big-ticket items. For example, a new washer and dryer can cost a few thousand dollars, while a new refrigerator can cost upwards of $2,000.
How to pay for these large purchases? Use your credit card. Why? Because you can pay it off over time without incurring interest charges. Best of all, you can rake in points, miles, or cash back on your credit card purchase, which can help offset the cost of your new electronics.
Another thing, you get to leverage a purchase protection plan that can safeguard your purchase if it gets lost, stolen, or damaged.
Travel
If you’re a savvy credit card user, you can use your card to pay for almost everything related to your vacation, from the plane tickets to the hotel stay and even your meals and souvenirs. Aside from earning points, you get an automatic discount on many of your purchases just by using your card.
For example, some hotels give a free night’s stay for every two or three nights booked using a specific credit card. And some restaurants will give you a free appetizer or dessert if you use certain cards.
There’s also the protection credit cards offer if your trip is delayed or cancelled. For example, many cards will reimburse you for non-refundable tickets or hotel rooms if your trip gets disrupted due to bad weather or a strike. These perks will surely make your vacation much smoother and more enjoyable.
Meals At Restaurants
Are you thinking of eating out tonight? If yes, make sure to put the purchase on your credit card. Why? Many credit cards offer high cash-back bonuses at restaurants.
The best cards offer up to 6% cash-back on every purchase made, which means you’ll get $6 back for every $100 you spend. While this might not seem like a lot, it can add up quickly if you eat out often.
Event Tickets
Concert tickets can be expensive, especially for popular bands or festivals. There are many ways to pay for such events. You can apply for a loan online or you can use your credit card. Either way, you’ll get the money you need to attend the concert.
But many credit card companies have partnerships with event ticketing services. So, you can expect to get a massive discount on your purchase. Aside from discounts, these partnerships give customers early access to tickets, which means you can get your hands on them before they sell out. This is a big deal for some avid concertgoers because good tickets can be hard to find.
Another thing is that you get protection from your credit card company if the event gets cancelled. If you buy your ticket with a credit card, you can get your money back in case of a cancellation. That’s something you can’t get if you pay with cash.
Online Purchases
Shopping online is the new way to shop. You can find almost anything you need without even leaving your house. Whether you’re looking for clothes, books, or a new car, you can find it all online. What better way to pay for online purchases than your credit card? Credit cards offer convenience, security, and protection against fraud.
If something goes wrong with your purchase, like you never receive the item or you’re billed for more than you agreed to pay, you can dispute the charge with your credit card company and get a refund.
What’s more, most credit cards offer high rewards for online shopping, including cash back, points, and miles. These rewards can be used to offset the cost of online shopping.
Final Thoughts
There are many benefits to using credit cards for making purchases. For example, you can earn rewards points to redeem for cash back, merchandise, or travel. Additionally, using a credit card can help you build your credit score, which can be helpful in the future if you want to purchase your dream home or car.
When used responsibly, credit cards can be an excellent tool for making everyday purchases and can help you save money in the long run.
