If you use your debit card for everything you buy, you’re missing out on the incredible benefits and rewards that a credit card provides. Using your credit card can provide you with better deals and benefits.
So, how can you tell if you’re ready to switch to a credit card? It eventually depends on the kind of spender you are, the kind of self-discipline you have and whether you have the room to benefit from travel benefits and customer protection benefits that the card offers.
Here’s how you can decide if you’re ready to switch to a credit card:
You Are Debt-Free And Have The Discipline To Remain That Way
One of the main reasons why people are reluctant to opt for credit cards is the risk of debt that comes with it. Due to their high rates and late fee payments, credit cards are a great option for people who can keep themselves in check, have enough discipline not to overspend and pay their balance fully every month within the deadline.
However, if you’ve struggled to get out debt in the past, it might be a great idea to stick to your debit card. If you believe that you have the discipline to use a credit card, use it for all the benefits and rewards that come with it.
You Are A Traveler
Are you a frequent traveler, but don’t have a credit card? You’ve missed out on all the incredible perks that a credit card would have given you, like free access to the airport lounge, baggage delay coverage, travel accident insurance and primary auto rental coverage. These benefits come in a package, free of cost when you acquire your credit card.
Some card companies also offer annual travel credits and travel rewards good for hotels, car rentals and flights. Depending on your credit card insurer, you might have to pay an annual fee for these benefits, but they’ll pay off over time if you’re a frequent traveler.
You Are Worried About Debit Card Fraud
If nothing else, the only reason why you need to shift to credit card is if you’ve experienced debit card fraud in the past. Almost all credit cards come with a 0% fraud liability—which means that you won’t be charged if someone makes a fraudulent purchase from your credit card.
However, frauds on debit cards are common and come with a limited liability valid for a specified number of days.
Credit repair and restoration is an integral part of maximizing your credit card user experience.
At Masters Credit Consultants, we provide reliable credit repair and restoration services to help our customers improve their credit card scores and utilize all the benefits that come with it. Our credit repair experts in Miami are trained to evaluate your financial standing before providing you the best credit repair solution. Get in touch with us to learn more about our services!