ipl-logo

Why Are Credit Cards Important

885 Words4 Pages

Why Should You Use a Credit Card?
Credit cards are powerful tools. They can help you get through emergencies, backup when you spend more than you’ve planned, and most importantly - earn valuable bonuses for daily purchases. It’s almost like extending Christmas from one-week event to 366-day marathon of presents.
How Do Credit Cards Work?
Using a credit card is similar to taking out a loan. It gives you financial flexibility.

When you make a purchase with a debit card, your money disappears instantly. However, when you buy something with your credit card, the bank issuing the card (not you) pays the vendor, and your money stays in a checking account. If all charges check up, you pay off your credit card bill at the end of a month. With a credit card, you may get what you want whenever you feel an impulse for it. Simply consider your spending wisely.

The …show more content…

Purchase Protection
Your credit card company can help you get a refund in case something goes wrong with the product you’ve bought. Having a big company on your side sometimes can be quite useful considering how frustrating the refund process is.
Travel Insurance
Credit cards often provide you with assistance in case you have a travel emergency. If your luggage gets lost, the passport has been stolen, you have an accident, or your trip is canceled, just dial the number on the back of your Visa or MasterCard. Your credit card company will help you through these unpleasant interruptions.
Fraud Protection
When your debit card is used fraudulently, you immediately lose money. However, if your credit card is stolen - you don’t lose a dollar. With credit cards, you don't pay for transactions you didn't make. A simple call to your credit card company in case of fraudulence will protect you from losing money.
You’re Financially

Show More
Related

  • Nt1310 Unit 1 Test Paper

    452 Words  | 2 Pages

    Remove some items from the cart – the cart should update showing the existing items in the cart, total price should reflect the new sum. Remove all items from the cart – cart balance should be zero, no items should be displayed in the cart. Click on an item in the cart – we should be able to see more information about the product we just clicked either as a popup or redirecting to product page. Checking out including providing an address and paying: Check different payment options If allowing check out as Guest, simply finish the purchase and provide an option to register at the end Returning customers – Login to check out User sign up

    Read More

  • Unit 3 M3 Business

    302 Words  | 2 Pages

    This makes it an effective way for customers to find the information that they require on that particular to their needs. A business card gives a consumers contact information about a particular business and or person. The business card should be basic but memorable in order to

    Read More

  • Economics Vs A Raisin In The Sun

    142 Words  | 1 Pages

    In modern society, as Americans we often take money for granted. However, as stated both directly and indirectly in this work, there is much more to life than economics. We are fortunate enough to live in a community that does not discriminate based on financial standing to the extent that it once did. Nonetheless, it does not matter what your current financial standing is as long as you have people that care about you. The Youngers in A Raisin in the Sun always attempted to help each other whether they were in financial prosperity or turmoil.

    Read More

  • Ruby Morecoins: A Short Story

    1423 Words  | 6 Pages

    The summer rainstorms, over the past four days, have transformed the roadways, of Wrongberight a rural hamlet on the eastern shores of Virginia, into a never-ending slip and slide. It was late Saturday afternoon, when vivacious Clemmy Sue Jarvis, a petite woman of sixty three, cautiously pulled out of her driveway, and slowly turned south on to Flat Bottom Road. She maneuvered the rain soaked road with great care. Nevertheless, fifty yards from her dearest friend Estelle Louise’s long dirt driveway, her rusty Chevy pickup, kept mobile with hairpins, bubble gum, and duct tape, skidded across a massive oil slick. As a result, the pickup spins in loose circles as it continued down the middle of the narrow country road, before it finally

    Read More

  • 2008 ADAAA Legislation

    302 Words  | 2 Pages

    When an individual cant afford

    Read More

  • The Stock Market Crash Of The 1920's

    1085 Words  | 5 Pages

    They put items on credit or installment without worries that their financial state would be heavily impacted. William E. Leuchtenburg informs that “consumers bought goods on installment faster than their income was expanding, it was inevitable that a time would come when they would have to reduce purchases and cutback in buying. ”(Document six) While individuals were impacted by throwing all of their money away, the economy as a whole would now fail as well. If people reduce purchases then businesses don't get the money they need to survive and slowly the

    Read More

  • Case Study Of Monica Sud V. Costco Wholesale Corporation

    434 Words  | 2 Pages

    Costumers find it highly efficient to have credit cards so they have enhanced flexibility and more possibility than paying cash or even via debit card. Typically the reason why customers go the AmEx card was because of the partnership Costco had with American

    Read More

  • Fair Credit Billing Act: A Case Study

    336 Words  | 2 Pages

    f the credit card company sues Lori, Lori may win. The Consumer Financial Protection Bureau reports, if you have not reported your credit card missing, the most you will have to pay is $50.00. Had Lori reported the card missing, she would not have had to pay anything at all. The Federal Trade Commission (FTC), a federal agency designed to protect consumers and promote competition, created September 26, 1914, gives information on disputing credit card charges.

    Read More

  • Solid Love Triangle

    2178 Words  | 9 Pages

    I really like money a lot. It’s not as if I can’t live my life without money, it’s just that I would rather not. Unfortunately, my lifestyle would lead you to a different conclusion. If anything the friend of mine (very loose on the term friend) named Geoffrey Tate(or Geo as he preferred to be called) parents were loaded. I put up with Geo for two reasons and friendship wasn’t one of them.

    Read More

  • Reasons For Homelessness In Canada

    232 Words  | 1 Pages

    In the event that you are poor, you are basically an illness, accident, or paycheck away from having to live on the

    Read More

  • Summary: The Ethical Practice Of Identity Theft

    841 Words  | 4 Pages

    Impacts of Identity theft on Individuals or organizations Financial problems: Identity theft creates financial problems for both organizations and individuals. When cyber criminals acquire a victim's financial information, they can steal money from his account or take loans in his name. This can cause the victim a lot of financial problems. Identity thieves also use Social Security numbers to steal from institutions such as the government. Legal problems: Legal issues can also ensue as a result of identity theft.

    Read More

  • Persuasive Essay On Credit Card Debt

    922 Words  | 4 Pages

    Today nearly everyone has to have and use a credit card (credit card) as a medium of non-cash transactions. This is because the manufacturing process tends to be easier, offer a discount for its users as well as the practicality of use. But of course there are consequences to be paid when you use that bill pembayarannnya. For some people it does not matter, but for some others, sometimes it becomes a new problem. As a result, it is instead make your life easier, but instead burdening your life.

    Read More

  • Credit Card Fraud Essay

    834 Words  | 4 Pages

    Credit card fraud is a type of identity theft where a hacker steals the credit card information of a user to purchase something or withdrawing money from banks. It’s a critical crime in United States (Sayles, 2012). Everything is online now from paying bills to online purchase, a user can do anything without going anywhere physically. Even user can open a financial account. Because of this criminal can hack the user’s personal information like name, date of birth, social security number.

    Read More

  • Apple Value Proposition

    1567 Words  | 7 Pages

    This ensures that consumers’ card numbers are never stored on the device, in Apple’s servers, or given to merchants. After the digital token is created it is encrypted and sent to Apple for verification. Then the costumers’ credit card institution verifies available balances and the transaction is either approved or denied. Apple Pay also does not sell or store transaction information, which is a common practice among credit card companies for an income

    Read More

  • Saving Money Essay: How To Save Your Money

    1029 Words  | 5 Pages

    Cut some expenses- If you’re having problem managing your budget to save, you might want to cut off some of your expenses. The first thing you can do is remove “luxuries” for your budget list. You don’t have to go to the spa every single week and you can survive without taking a taxi home every day from work.

    Read More

More about Why Are Credit Cards Important

Open Document