Credit card rewards are great but those are not the only perks you can potentially enjoy with your credit card. As a matter of fact, there are many good credit cards on the market that offer a host of benefits many consumers would not have known about if they hadn't spent time reading the information that's sent to them along with their credit card or if they hadn't spent time researching and reading reviews online.
If you travel frequently, getting a good travel rewards credit card can go a long way in making each dollar of yours go much further when you use your card to make travel purchases you can very well afford. For starters, your credit card may already come with built-in protection such as travel accident insurance, travel cancellation or interruption coverage, lost baggage insurance. Some credit cards also throw in rental car insurance as an added travel bonus. When booked separately, these costs can add up quickly. Taking advantage of the travel protection offered by your credit card is a fantastic way to save money without compromising on your travel plans.
It is also a good idea to put big-ticket items on your credit card. In addition to the potential miles, rewards points or cash back you can earn on big-ticket purchases, your credit card may offer complimentary extended warranties and price protection as an added bonus. Make sure to read the fine print of your credit card agreement properly for any restrictions, limitations, terms and conditions that you need to be aware of when it comes to taking advantage of these perks. Additionally, if your card offers a 0% introductory APR on purchases for a certain number of months, you can take advantage of that and pay off your big-ticket items over a couple of months instead of paying everything at one shot.
You should also put PayPal purchases on your credit card to enjoy the extra layer of protection offered by PayPal and your credit company in the event that you need to dispute a purchase or if you have become an unfortunate victim of fraud. The same goes for online shopping in general. Credit card is a safer payment method compared to debit card; with debit card fraud, your money leaves your account immediately and there's no guarantee you would get the entire sum back. When you use a credit card, your credit card company can block your card and the unauthorized charge from going through as soon as you make a report.
As always, make it a point to pay off your credit card balance in full before the due date every month. This good habit will ensure all rewards earned equal pure savings and you never have to worry about getting mired in credit card debt if you do not even carry a balance to begin with!