Benefits of Credit Cards
We all constantly hear so much about the problems credit cards can cause if used irresponsibly. It is easy to get in trouble if you are not careful. But when used correctly a credit card gives you a number of benefits that you don't get when paying with cash or checks:
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Convenient, hassle-free shopping. When you have credit, you don't have to carry a lot of cash, pay by check, or present additional identification. (If you have a credit card with photo) A credit card also simplifies and speeds up catalog ordering and currently it is virtually the only way to make Internet purchases.
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Emergency Alternative. Credit cards can be the ultimate security backup if you get in an unexpected jam. They can get you through nearly any emergency situation.
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Easier budgeting. With a credit card, you can make purchases and pay them off on a schedule that fits your budget. Credit cards also allow you to take advantage of sales and special offers.
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Security. If you lose cash, it can be used by anyone. If you lose a credit card and report the loss to the credit card's issuer before it is used, the issuer cannot hold you responsible for any unauthorized charges. If a thief uses your credit card before you report it missing, the most you will owe is $50.
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Travel expenses. You'll find that a credit card is almost essential for renting a car purchasing an airplane ticket, or booking a hotel room. Whether you're across town or on another continent, a credit card is the universal guarantee of your good financial standing. And if you need cash, you can get it at ATMs or banks around the world that accepts your credit card.
