Some benefits of owning a credit card ~ GAMES AND GADGETS

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Friday, October 19, 2007

Some benefits of owning a credit card

While some people would shy away from credit cards because they feel that in the long run it would only bury them in debt, credit cards can actually be useful if you manage your finances wisely. Just because it is called a credit card, it doesn’t mean that you actually have to be in debt with the credit card company, there are actually some perks and benefits from owning a credit card.

There are some credit cards with cash back options, meaning for every penny you spent a certain percentage will be returned in the form of cash backs. You can actually use your credit card’s cash back options to save you money while shopping by just paying with your credit card instead of cash so instead of paying for the regular price when you use cash, you actually get a discount with your credit card’s cash back. If you’re worried about being in debt, then just pay your credit card bill with your cash the next day. No interest, you get savings instead.

Some credit cards also offer low interest rates for balance transfers. If you own two credit cards and you don't have enough cash to pay for your gadgets or consumer electronics, then instead opting for the store's financing terms, you can just charge the whole amount and transfer the balance on your other credit card. You can actually save on interest payments by doing this.

So you see, credit cards aren't really THAT evil. When used wisely, it can actually make your life a lot easier.

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