Credit cards are a great way to make purchases without paying cash upfront. While you can use them in person or online, many people prefer using them on the internet, where they don’t have to worry about carrying large amounts of money. Credit cards offer better protection than debit cards and provide more incentives for using them. Here are some reasons why you should get a credit card. You can also look for an instant use credit card:
Better protection than debit cards
Credit cards are a popular choice because they offer better protection than debit cards. However, credit cards provide more protection than debit if you’re concerned about losing or stealing your card.
With a credit card, however, the thief would need to open an account in your name first before he or she could use it at all. Even then, most banks have limits on how much cash can be taken out at once—and these limits are much higher than those for checking and savings accounts.
Easier to make purchases online
If you’re like regular people these days, there are days when it seems your entire life is spent on the internet. For example, buying stuff on Amazon and booking vacations with Expedia might be easy enough to do using a debit card, but using a credit card makes things even simpler.
A credit card can be used to make purchases online almost anywhere and everywhere—no need to enter personal details or worry about security. Plus, if you have an instant approval credit card, all you need is your name and the number printed on your card’s front (or back)!
If you don’t have one already and are looking for ways to make shopping online more convenient, then they highly recommend getting yourself an instant approval credit card today!
Point rewards and other incentives
Another great benefit of credit cards is the point rewards. If you have a rewards credit card, you can earn points that can be redeemed for free flights and other travel each time you purchase with your card. You may also earn points that can be used to repurchase gift cards or cash. Many credit cards offer this feature as part of their program. SoFi experts say, “Cards offer lucrative sign-up bonuses too.”
Interest-free period
One of the most important benefits of using a credit card is its interest-free period, the time between when you make a purchase and when you pay it off.
For example, what happens if you buy $100 worth of food at the supermarket with your credit card today, then don’t pay off that balance until next month? That’s right: You start paying interest on that $100. But not so with a good interest-free credit card! With one of those cards (like this one), there’s no extra cost for carrying a balance—so long as it’s paid off in full by the end of each billing cycle. So during that two-week “interest-free” period after making your purchase, your only real costs are late fees if you fail to pay off your bill in full by then.
Hopefully, you now better understand what a credit card is and how it can benefit you. For more information about the benefits of using a credit card