From a young age, many of us are taught never to spend money that we don’t own. This is why many of us steer well away from credit cards and we only rely on debit cards for spending. This is because we’re actually spending our own money, not using credit that we don’t have. Of course, good credit card practices do include only spending what you can afford, but just the idea of having a line of credit can lead us to make poor purchasing decisions that we ultimately might regret in the future.
However, that could all be changing now as the advantages and rewards that credit cards offer are now vastly improved and could even offer more savings than using your regular debit card. So in this article, we’re going to talk about the advantages of a credit card and why you might want to consider one soon.
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Luxury Rewards
Whether it’s staying in a high-end hotel or getting first class flights, plenty of credit cards offer luxury perks that will blow your mind. Frequent travelers should definitely look into the various credit card options available because there are plenty which off you bonuses on airline purchases, taxi rides and even hotel stays. Some credit cards even offer dining experiences and reimbursements for travel, making them fantastic for anyone that loves living a life of luxury, even if it’s only temporary! There are also many invitation-only experiences that even money can’t pay for!
Credit Cards Save Money
Since you get cash back on every purchase, you can often swap the points for things such as rewards and gift cards. If you prefer just to get the money back, then you can do that as well. In many ways, credit cards are a fantastic tool to be more frugal and save money considering all the unique deals you get.
You Can Have Several
If one credit card gives you bonuses on travel and another gives you bonuses when shopping at a department store, you can always look for the best credit card signup bonus and have several in your wallet. As long as you keep up with the fees and manage them correctly, you can take advantage of several credit cards and utilize all of their bonuses for the best savings.
Better for Travelling
Credit cards are also generally better for travelling. In addition to the extra rewards and benefits you get from flying, you can also instantly use credit card funds when booking hotels, when paying for transportation or even when buying something abroad. Whenever you need funds for your holiday outings, a credit card can provide you with the purchasing power you need.
Credit cards are no longer seen as scams or questionable financial decisions. Instead, credit cards can help you save money, offer you plenty of cash back options and are convenient ways to make purchases that are often outside of our price range. While you shouldn’t rely on them for everything, they definitely deserve a spot in your wallet.
I’m a 20-something stay-at-home mother and wife. I have an amazing husband, a beautiful daughter, two loving dogs, and a lazy cat. I wouldn’t change my life for anything! I love to read, listen to music, cook and blog!
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