When we talk about credit cards, to many people, the first thing that comes in mind is benefits, such as cashback, travel perks, and rewards, but that is just a drop in the ocean.
The best credit cards on the market offer more than this, and to enjoy them; you need to look in the right places.
If you go beyond the fine print, you will realize that almost all credit cards offer perks that not most people talk about. These perks will make your life enjoyable and also give you a healthy financial status you have been looking for. Sit down, relax, and let us find out more.
Whereas some credit cards offer attractive perks and rewards, this also comes with a hefty fee that most people are not aware of. The last thing you want is to earn cash back and other bonuses only to pay it back with lots of money disguised in fees. As you shop around for a credit card, look for one that does not come with annual fees, foreign transaction fees, or even balance transfer fees.
This will ensure you earn points on your purchased items without you having to worry about incurring additional costs. This is what most financial advisors call cost-effective bargains. On the other hand, if you find yourself with a card with any fee, ensure that the benefits that come with it outweigh the costs you will incur in fees.
Low Balance Transfers
This goes without saying, but everyone needs that free card that can “get them out of jail”. Whether your TV has suddenly broken down, your refrigerator has stopped working, or you are faced with a sudden emergency, you can always count on balance transfers.
Note, however, that you will have accumulated a large balance on a high-interest card to enjoy this benefit. Please stop paying interest on it and instead transfer your balance to a lower interest rate card.
24/7 Hourly Support
Although most people overlook this, knowing you have someone to reach out to any time of day or night will keep your mind settled. The last thing you want is for your credit card to get stolen, and you have no one to report it to.
Whereas you might think to report theft to the police, this might not stop thieves from withdrawing using your card unless it is blocked. Furthermore, knowing your issuer has standby support shows how serious they are and how they value their clients.
Also, always read the fine print carefully and do your research. You can also ask your friends who have used these cards about the benefits and rewards you should look forward to.
Another benefit most people overlook is the online transaction process. Think about queuing at the in-person bank and all that time you lose; compare it with doing all your transactions online. Which one would you rather go for?
Most people look for a few benefits in credit cards, forgetting other benefits that most people overlook. Whereas travel perks, cashback, and balance transfers are all great benefits, these others might be a cherry on top. Take full advantage of the perks available to you, and your wallet will thank you for it.