Usually, all sorts of experts try to prevent us from using credit cards. On the contrary, knowing the rules for using credit cards, you can get a lot of benefits. And this is not counting the convenience that they are able to give their owner.
Of course, there have always been and will be those who do not understand how loans work and why they should be repaid on time. These people abuse plastic and end up in debt. But if you are reading this article, then we congratulate you, you are on the right track. Read the information below before applying for your first credit card.
Let's say right away that contrary to popular belief, if you can use plastic responsibly, then it is much more profitable for you to pay with a credit card than with a debit card. You will find out why this is so later.
1. Bonuses, milli and cashback
So what - you say. In many debit cards, it is also possible to return part of the amount spent in the form of points or cashback. But firstly, as a rule, the percentage of the returned amount is higher for credit cards. Secondly, many credit cards are tailored for specific needs. For example, if you are an avid traveler, then it will be especially beneficial for you to pay with a card offering to accumulate milli, which you can use to pay in hotels and buy air tickets. If you are a motorist and travel a lot, then a credit card with an increased cashback for gasoline is suitable for you. Etc. Knowing the basics of mathematics, it will not be difficult to calculate how beneficial it will be for you to use a particular card. That is, if the amount of cashbacks exceeds the amount you pay to maintain the card, then this difference will be your benefit. The main rule is to always give loans on time, and you will never have problems.
2. Pumping credit history
Another undeniable advantage of credit cards is pumping your credit history. The more loans you take and return them on time, the higher your limits become. This is especially important for those who know how and where to invest money efficiently. In this case, the borrowed money of the bank can be very useful. And you never know when you may suddenly need a round sum. Anything can happen in life. And if you are used to paying with a credit card, then the amount that you can spend in the future will become significantly larger.
3 Interest-free period
Almost every credit card has an interest-free period during which you can return exactly the amount you spent. That is, with proper use of the card, you will never have to overpay and go into debt! The main thing is not to forget to repay loans on time. This is a very nice difference between credit cards and regular loans that you take from banks.
4. Always with money!
To save money for a rainy day means an indefinite freeze of some part of your savings. But why bury your money in a piggy bank, when, if something happens, you can take someone else's? The bank's money is available around the clock, and no one will ever steal it from you. You will not care whether they depreciate or not as long as they are on the card, because this is not your money.
5. Psychological factor
Borrowing money from a bank is definitely better than asking for a loan from friends and family. After all, you do not want to cause problems to people who are valuable to you. In addition, asking for a loan from a friend is simply humiliating. It gives no one pleasure either to ask for a loan, or, moreover, to lend to another, even if this is your best friend. Moreover, there is always the possibility that your friend will not repay the debt on time - this is a direct road to a quarrel and a break in relations. So if your friend asks for a loan, recommend a credit card to him. For example, Credit cards of Alfa Bank in Moscow.
Conclusion
Well, let's summarize. A credit card is a convenient and often profitable tool for those who took the time to figure it out. When issuing a card to you, the bank is obliged to provide detailed information on the rules for its use. Just read it so you don't get trashed and you will be completely safe.
