Credit cards have some value but you’re paying for those benefits.
Merit cards or Bonus points cards earn free purchases
Some credit cards offer bonus earnings whenever their card is used to make a purchase. It is a small amount when individual purchases are considered but over time it can amount to significant savings. These savings can be applied to grocery purchases, gasoline purchases, reduction in travel packages and more. These credit cards usually have an annual fee for their use and are beneficial only if you use them a lot during the year.
They go after the supplier
Some credit card companies will fight on your behalf and go after suppliers who have failed to deliver as promised. They will credit your account and go after the supplier behind the scenes. Your purchase money saved.
Warranty extension
Some credit card companies offer warranty protection or extension. So if your product breaks, they will reimburse you or have the product replaced and they do the leg work.
You use their money for a month FREE
Some companies offer “no fee” plans at no cost. These cards allow you to make purchases up to a set credit limit and if you pay the outstanding balance in full each month, you pay nothing for their use. This is using the credit card company’s money for a month for free….but….you must pay the outstanding balance in full each month or you will be charged interest charges, which could be significant.
