Credit card providers are known to offer many great perks to their customers to sell their products. We already know the obvious benefits such as access to the airport lounge or special discounts on certain bookings. However, some of them are widely unknown because most people don’t research a lot before a decision.
You can save a significant amount in the long run if you use credit cards for the right purchase. You must find check the offer page on the site while placing an order to find the available offer for your credit card. Also, service providers deliver a welcome guide with these perks mentioned on it.
Isn’t Credit Card a Debt Trap?
Experts recommend people avoid the use of credit cards for their financial well-being. It makes sense because you often spend more than your budget because of the instant access to the available credit. However, the occasional use of a credit card is beneficial for your credit history and finances.
Your credit score will improve if you purchase an item from your credit card and repay the amount on time. You can also take benefits of the numerous offers to save money. However, you should consider unsecured personal loans for bad credit instead of credit cards to avoid heavy interest.
Unknown Perks of Credit Card
There are times when a credit card can save money instead of causing unnecessary stress on your finances. You should always check the available offers on different payment methods to find new ways. To make it easier for you, we have enlisted the unpopular perks of credit cards to save money.
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Travel Insurance
Travel insurance can save thousands of pounds if you cancel the entire plan at the last minute. The service provider may not offer a complete or partial refund for the late cancellation. Credit cards provide travel insurance on flight tickets and hotel reservations.
You must check the terms and conditions before relying on travel insurance. They may not cover the cost for some reasons, such as natural calamities. Therefore, give a call to your service provider to get the details of travel insurance.
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Free Shipping
Many online marketplaces provide free shipping on the use of credit cards. They want to promote online payment for their good to avoid the troubles with cash on delivery. Therefore, you will get free shipping on the smaller purchase as well if you find the right seller.
Some of the offers may include express shipping similar to Amazon’s same-day delivery. It will save money on your Prime subscription to get the product as soon as possible. Though, you should prefer loans for bad credit for big-ticket purchases if you want to repay the amount in installments.
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Return Assistance
You can ask for return assistance from the card service provider if the sellers are ignoring your request. These disputes take time to resolve as they need to check the details. However, it is one of the most effective ways to return the item without the legal procedure.
Though, you must reach the seller first before asking the credit card company to intervene. The time to make a claim is also important, along with its reason. Though, you may get additional days to file the return application on the store cards.
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Fraud Protection
Cash or debit cards are not the ideal method in the present world because of the ever-increasing cases of fraud. Credit cards offer additional layers of security to protect their customers. However, these layers of security are only effective in certain situations.
You will get help while resolving a dispute with the high-risk transactions. Moreover, you can get your card blocked instantly over a phone call in case it’s stolen or lost. You can search the security offerings by simply searching the issuer’s name followed by “fraud protection” in the search bar.
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Extended Warranties
The warranties are extremely helpful to get assurance on the quality of a product. You get a certain period to get a replacement or repair free of cost from the manufacturer. To extend the duration, you need to pay an additional sum that may put stress on your limited budget.
You should avoid the paid extended warranties with the use of credit cards on purchase. The extension can last anywhere between 1 to 3 years based on the item and card issuer.
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Smartphone Insurance
Your smartphone is prone to endless damages because of its excessive use. Some people are indeed very careful of their conduct to prevent the damage on their mobile. But it takes only take single damage to cost hundreds of pounds on the repair.
Thus, insurance is essential to protect your finances from heavy repairs. Certain card issuers provide complimentary insurance on the purchase of a phone with their credit card. However, the coverage should remain a priority instead of price to protect your asset truly.
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Hotel Extras
Another benefit of booking your vacation with a credit card is the free services. You can make your stay at the hotel more comfortable and luxurious with a free upgrade. Moreover, many hotels may partner with your card issuer to offer free meals during your stay.
You should check the website of the hotel to find the offer on your credit card. The card issuer also provides a list of hotels covered in their scheme. Or, you can simply ask the hotel staff at the time of checkout to get at least a discount.
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Museum Entrance
You get free access to museums on specific credit cards to enjoy the weekends for free. Many of them may provide a similar offer for movies or events to suit the taste of different customers. Check your email or spam folder for free passes from your card issuers and make the best use of them.
Conclusion
To sum up, credit cards are a great way to save money on transactions if you make efforts to find them. The above are examples of some of the many unpopular perks of credit cards. Therefore, you should check the offerings from your card issuer to find the possible discounts and benefits to get more value from the same transaction.
