4 Reasons to Keep Credit Cards Handy

Everyone knows that credit cards are convenient because of the freedom and protection they offer consumers in the way of credit. However, there are four other areas of protection available that many consumers might not even realize. Consider four “other” reasons to keep credit cards handy when you go shopping.

1. Warranties

While some retailers may balk at the idea of an extended warranty, some credit card companies consider this provision just good business sense. Under this credit card warranty program, if your purchased product goes bad or proves defective, you can get an exchange or price adjustment. Before agreeing to an extended warranty, verify that your credit card program will extend your product warranty for free.

2. Fraud, Theft and Error Protection

If you have ever bought a phony item claimed to be authentic, or have ever been billed twice for the same item, then you can appreciate the fraud and error protection terms that many credit card programs offer. Under the Fair Credit Billing Act, all consumers have rights to dispute unauthorized or incorrect credit card charges. Furthermore, some programs even refund money on items that were stolen while in your possession.

3. Price Protection

This provision saves you money, as you can show proof of an original price (through a receipt) and a superior price offered from another retailer and get credited the difference. Instead of sulking over the fact that you could have paid less for the same item elsewhere, you can take advantage of your credit card program and pay the right price for the item you want.

4. Returns

Have you ever been turned away from a retail store because you lost the receipt of an item you were hoping to return? When you do business with a major credit card company you may be entitled to request a refund of credit even after a retail store turns you away. If your account statement shows that you purchased an item on a certain day, then this will count as evidence, regardless of a physical receipt.

Here are at least four more advantages to carrying credit cards—if only more consumers would read through the terms and conditions carefully! With knowing how to use your credit cards in the right way, you can definitely have a lot of fun budgeting and keep your future financially secure at the same time.

 

 

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