create your own

Take Advantage Of Your Charge Cards

67
rate or flag this page

By Wallpaper Queen


Pros and Cons of charge cards

The use of charge cards (a.k.a. credit cards) has been ubiquitous and is becoming an ever bigger part of our daily life. There are several advantages of carrying a charge card.

The main advantage of having a charge card being that it allows us the convenience of buying items or services without carrying cash and it also allows the convenient of ordering things by post or telephone. Most obviously, it is also a must-have for shoppers to shop online. Another major advantage of charge card is that one has the ability to withhold payment for merchandise which proves defective.

However, charge cards also has its drawbacks if misused. Due to the ease of use of charge cards combined with impulsive buying habits, hence, one might easily overspent their credit. And with the use multiple charge cards which most of us nowadays used to, we might be digging ourselve deeper into debt day by day. In fact, charge cards is also one of the most expensive way of obtaining credits due to its high interest rates charged. And not to mention, losing a charge card might even be more troublesome as they create inconvenience and incur more expenses for a replacement to be made. Unauthorized charges made to one's charge card may also take a while to resolve.

Therefore, as a good rule of thumb, use your charge cards wisely and always pay your bill on time.

take advantage of your charge cards, use them wisely
take advantage of your charge cards, use them wisely

Taking Advantage of your charge cards

By trying to charge everything you buy with your charge cards wherever you can, it provides a way to record all your expenses and consolidating them into one single statement for free, so settle all your charges every month and take advantage of it.


Silver VS Gold C

 

The eligibility and requirement to apply for a gold charge card is greater than that of a silver (a.k.a. classic) card. But with colours aside, there are not much difference between these two cards. The main difference is just the extra benefits of insurance coverage that comes with a gold card. Typically, you will get two to three times the coverage for travel accident, flight and purchase protection policies.

As can be seen, most of the extra benefits of gold card are travel related. As such, if these extra benefits do not bother you much or your do not travel often, it is a good idea to stick to silver card as the annual fees of gold card could double or more of the silver counterpart. Unless if the gold card is free (with annual fees waived), then having those extra benefits won't hurt

Print   —   Rate it:  up  down  flag this hub

Comments

RSS for comments on this Hub

No comments yet.

Submit a Comment

Members and Guests

Sign in or sign up and post using a hubpages account.


optional


  • No HTML is allowed in comments, but URLs will be hyperlinked
  • Comments are not for promoting your hubs or other sites

working