Why You Should Always Use a Credit Card?

If you are one of those people who love to use cash or debit to make all your purchases, then perhaps it’s time to consider switching to your credit card. Let me tell you why.

Initially, I was one of those people who found cash and debit to be less of a hassle. I did not have to pay any credit card bills at the end of each month nor did I have to carry an additional card around. However, it wasn’t long till I realized that the benefits of using a credit card simply outweighed the cons.

Here are the top 4 reasons why you should always use a credit card:

1)      Collect reward points or cash-back

If you’re going to spend money anyhow, why not collect reward points or cash back while you’re at it. There are many different credit cards out there that offer attractive incentives. All you have to do is a little research to find out which one is right for you.

2)      Credit card insurance

Having credit card insurance provides you with the comfort of knowing that if you drop your card, unwanted purchases are insured. On the other hand, any fraudulent activity on your debit card would be a complete nightmare in sorting out with the bank.

3)      Immediate payment is not required

The most obvious perk to using a credit card is the grace period between the payment due date. As long as you don’t spend more than your income, this grace period is a definite advantage.

4)      Accepted internationally

Most credit cards (especially VISA and MasterCard) are accepted almost anywhere in the world. If you find yourself short of cash during your out of country vacation, you can always count your credit card to bail you out.

What to take away from all of this?

As you can already see that using a credit card can have its perks. However, owning a credit card may not be the right method of payment for everyone. Those who don’t know how to use their credit card responsibly may be better off using cash and debit.