Reasons To Get A Credit Card

Reasons To Get A Credit Card
Credit card advertisements are literally everywhere. When
one enters a bank there will be applications prominently on
display virtually as soon as you walk through the doors.
Television commercials appear all the time promoting the
benefits of certain credit card companies. Direct mail
campaigns have - for better or for worse - promoted credit
card applications for decades and this method of
advertising has greatly expanded into the world of online
email mass marketing. Yet, despite this prevalence of
credit card advertisements, many people feel somewhat
unsure of whether or not to get a credit card.

Such questioning is not necessarily a bad thing as any type
of lending procedure should be thought out clearly - even a
venture as commonplace as a credit card application. There
are, however, those individuals who remain somewhat
stubborn regarding acquiring a credit card. For these
people, there needs to be a little information put forth in
the form of compelling reasons to get a credit card. No
problem! A few of the main reasons for getting a credit
card will be provided herein.

More than anything, it is never a wise idea to carry a lot
of cash around in one's pocket. Consider the following
scenario: you wish to purchase a $1200 television set and
you are carrying the cash around in an envelope. When it
comes time to pay for the television set - lo and behold -
the money is gone and never to be recovered. Now, if it was
a credit card that was lost or stolen all one needs to do
is call the credit card company and have the card shut off.
This way there will be no financial losses. Additionally,
many cards come with theft insurance against unauthorized
purchases and if the card is used illegally there may be a
way of being absolved from the debt. When money is
lost...it is lost forever.

On a side not, credit cards can offer "buyer protection
insurance" where if there is a problem with a credit card
purchase that is not resolvable with the person who sold
you the item, the credit card company will insure the
transaction and provide compensation if the deal goes bad.
This is obviously not possible when paying with cash.

Also, credit cards serve a very valuable purpose. If you
seek an auto loan or a home loan there will be a need to
check your credit history. Now, if you do not have a credit
history you may find yourself out in the proverbial cold
when it comes to having a loan approved. As such, making
purchases on a credit card and then paying the balances on
the card in a timely fashion will help establish a history
of responsible and trustworthy credit.

Credit cards also raise your ability to make purchases that
might have previously been cost prohibitive. That is to
say, if you need to purchase something that is $300 and it
is out of your range of immediate affordability you can
make the purchase and then pay the amount back in
installments that are affordable within your budget. Of
course, this type of purchasing must come with great
responsibility or else the potential to amass mounting
debts will occur. This undermines the benefits of a credit
card and should be avoided.

Because the credit card market is notoriously competitive,
many of the different lenders will provide a host of
benefits to attract your business. This can include reward
programs for retail merchandise, cash back benefits and
even free airline trips! As such, these incentive benefits
can be accrued when purchasing with a credit card making a
credit card an attractive option to use for purchasing
needs.

As one can see, there are a multitude of positive reasons
for acquiring a credit card so what are you waiting for?
Put in an application for one today!

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