Even through you'll find some problems of having a credit-card, such as late fees, high interest, Etc., it still has a lot of advantages in having one. I will be going over a lot of the advantages of owning a credit-card within this article.

The advantages of having a card are the free things they give out to encourage the user to use that card. Credit cards companies don't like to compete in lowering their interest rates, so instead they give out free things, which comes out a lot cheaper than lowering rates of interest.

The free thing they give out comes in many different forms, for example cash rebates. Whenever you make a purchase on any item, you can get 1% on regular purchases, and some offer three to five percent for buying gas and shopping at a supermarket. As soon as you reach $50, they are going to send you a check, and $250 is the maximum you may earn in per year.

Discount on future purchase (this one is performed by stores). The way this works is, if you sign up for a credit card at the store, you can get discounts on future purchases. And bonus points for using the card, that you just could possibly get a gift certificate.

Frequent Flyers - You get miles for every dollar you spend, that may result you getting free trips, and upgrade your seat. But do not think that the miles mean, the number of miles it can fly to. For example it does not mean should you have 5,000 miles, you may fly five thousand miles anywhere inside america, it takes 45,000 miles to fly to some part of USA. The miles you get tend to be worth few cents for click web page every dollar. A whole lot of airliners are getting strict, if your account is inactive, you will lose your miles. Also remember, you may need to make certain to book in advance.

Point Reward - For every dollar you spend, you can get 1 or 2 points. Once you reach a specific amount of points, you can get free merchandise, which ranges from free tickets, DVD to electronics. Some even offer free nights at a hotel or upgrades.

When your using your credits card, you can be more organized financially. You will have a complete record of everything, which can be very helpful during tax time.

You can dispute items with bank card. If you purchase something on the internet or mobile device, and you never received it, you may dispute it, that can result you getting your money back. You can't do that with debit card or checks.

Increased credit score - whenever you use your bank card and pay your balances on time, this will certainly help you build credit. Whenever you have good credit, you may get good rates on mortgages, auto loans etc . . . But if you pay your payment late (more than two to three months late) it can lower your credit score.

Many bank card have extended warranties on some purchases. If you break your purchase or someone steals it, and if you still have the original receipt, the bank card will repair or replace the item for you. However they do have complex rules, which is time intensive, such a getting police report, estimate on item, filing out paperwork, smart phones calls, etc..