As a young professional, it's not always easy to keep track of your finances. But one thing that can help is understanding your credit card benefits.
Most credit cards offer a variety of benefits, but many people don't even realize they're there. Here's a look at some of the most common benefits and how you can use them to your advantage.
One of the most popular credit card benefits is rewards. Rewards can come in the form of points, miles, or cash back. You can earn rewards by using your card for everyday purchases, and then redeem them for travel, merchandise, or other rewards.
Cash back is a great way to save money on your everyday purchases. Many cash back cards offer a percentage back on all purchases, or on specific categories like gas or groceries.
If you travel frequently, a credit card with travel benefits can save you a lot of money. Travel benefits can include free checked bags, priority boarding, and discounts on airfare and hotels.
Some credit cards also offer travel insurance, which can protect you from lost luggage, trip cancellations, and medical emergencies.
Purchase protection is a benefit that can protect you if you purchase an item that is damaged or stolen. Many credit cards offer purchase protection for up to 90 days after the purchase date.
Purchase protection can also cover you for fraudulent purchases or unauthorized use of your card.
Some credit cards offer extended warranties on purchases made with the card. This can be a great way to extend the life of your electronics and other major purchases.
Extended warranties typically cover the same repairs as the manufacturer's warranty, and they can sometimes be longer than the original warranty.
Good customer service is important when it comes to credit cards. You want to be sure that you can get help when you need it.
Look for credit cards that offer 24/7 customer service, as well as online and mobile support.
Understanding your credit card benefits is a great way to get the most out of your card. By taking advantage of these benefits, you can save money, travel more, and protect your purchases.
