subject: Ten of the best things to buy on credit card [print this page] Ten of the best things to buy on credit card
Carrying a credit card in your pocket, as much as it's becoming unavoidable nowadays, might also pose heavy burden on your finances. Monthly interest repayments, impulse to overspend, as well as vulnerability to fraudulent activities, these are only a few known all too well disadvantages of owning a credit card. So is it really worth it? Do you really know how to make the most out of your plastic?
In today's highly competitive market credit card companies will try to temp customers with all sorts of incentives: air miles, free insurance, club card points, cash back, the list is almost endless. Although choosing the right card may require some preliminary research, getting the most suitable deal for you shouldn't present too much trouble. However, regardless of how customised your card is there will always be some areas where using a credit card gives you that little bit extra compared with traditional methods of payment like cash or debit card transactions.
Paying with a credit card means that protection under the Consumer Credit Act is available. When the purchase is completed the contract made is with both the retailer and the credit card company - meaning they both have liability if something should go wrong and action is needed to rectify the problem. Note that for this protection to apply, the contract price must be more than 100. The most advisable of these purchases would be any goods prone to delivery damage or loss: electronics, antiques, jewellery.
Often when you buy an airline ticket or a holiday package using your credit card you'll get free travel insurance. Always check what's on offer with your individual card as the insurance offered is normally not as comprehensive as if a separate stand-alone policy is bought. It's your best bet against any cancelled flights or disruptions you may encounter while travelling.
Almost any goods or services which are covered by insurance in case of accident, lost or damage like: mobile phones, car rental, travel assistance cover. Don't jump up too hastily as these perks may cost you some extra in fees and charges. Your credit card may be the best credit card on the market but that doesn't necessarily mean you still need all the options.
Are you a sport fanatic or a frequent gig goer? If this is the case, you could be pleased to know that some card issuers offer presale or preferred seating tickets to hard-to-get-into concerts and sporting events, others offer super cheap seats. Worth a few extra quid a month or not? The devil is in the small print.
This article has been written for information and interest purposes only. The information contained within this article is the opinion of the author only, and should not be construed as advice or used to make financial decisions. Expert financial advice should always be sought and any links contained within this article are included for information purposes only.
