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What are the benefits of a credit card?

Unlike in the past where credit cards have become a lifestyle of urban urban communities, now banks have targeted all people to be able to use credit cards as a tool for their transactions. In addition to credit card ownership requirements not too much for workers, now even credit cards can also be submitted by new employers and even students.

You only need to follow the submission process then the bank will analyze whether you are eligible to get a credit card. What is certain is that not only are the requirements for easier submissions, now credit cards also offer many features that benefit customers, so this is definitely an attraction for new customers.

In addition to the above factors, there are so many benefits that you can get by using a credit card, in this article Tony Paulfield will describe how the benefits if you use a credit card.

 

Practical

credit card

With enough to bring a credit card you can buy anything just by swiping the card of course the price of the item must not exceed the given limit, this certainly helps those of you who don’t like to carry too much cash.

The difference with debit is that you don’t need to go to the nearest ATM just to withdraw money and if with debit you have to save a certain amount first then with a credit card you don’t need to save first just to shop using the device.

In the era of online shops like now, you can feel the advantage of using a credit card because you don’t have to go to an ATM and bring proof of transactions to upload, with credit cards all can be done only at home.

 

Secure

Although credit cards can be misused by bad people, it is definitely safer to use a credit card because you can file a case for blocking if the credit card is lost or stolen. (read: guidelines for using a correct credit card)

 

Guarantee and Insurance

Insurance loans

Another advantage of using a credit card is that the credit card issuing bank provides insurance to customers who buy goods in damaged condition via online or offline. Some credit cards will provide guarantees in the form of new goods or replace them with money, although not all credit card issuers provide such guarantees. Some credit cards also offer free insurance, here are the types of credit cards that offer insurance.

 

Reward

Generally credit cards will provide rewards for every transaction you make, you can use this benefit reward as a discount on the next shopping transaction, you can also exchange rewards for certain prizes and as shopping vouchers. The following are several banks that issue credit cards that provide rewards for their customers.

 

Can Be Used in All Countries

credit card

Unlike the cash you need to exchange money to make transactions abroad, then with a credit card you can use it directly. This will make it easier for those of you who are often pacing abroad for business or just for traveling. The hassle of taking cash overseas is the risk of being stolen or lost.

 

Installment

The difference between cash and credit cards is that every transaction you make is a debt, the loans you make will be paid monthly with automatic deductions, the month of the loan period you can plan yourself. The interest to be dependent on the issuer of the bank with a maximum interest is 2.95% standard given by MoneyGo Bank.

There are several products that offer 0% installments using a credit card, for example ibox, which sells all of its products 0% if using a credit card.

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