Finns own more than 9.7 million debit cards, and increasingly, debit cards are a combination of debit and credit cards. Whenever you make a purchase, you don't have to think about which side of the card to make the payment for, or alternatively, many of us always automatically rely on the card's bank.
However, there are situations where you should pay for your credit card purchases, and there are also situations where you are more sensitive to pay by credit card. Today we present the situations where credit card payment is recommended!
Credit card should be used for:
1. Purchase flights
Buying flights with a credit card makes a lot of sense compared to buying flights using a debit card or bank transfer. First of all, if you were to be so unfortunate that the airline would go bankrupt, it is possible to recover the price of a credit card paid airline ticket from a credit card company.
Second, many credit cards include travel insurance. As a rule, credit card travel insurance is valid if the trip is fully or partially paid for by the credit card providing the insurance. In addition to being ill on the go and luggage, credit card travel insurance often also covers cancellation. Using credit card travel insurance saves money when you do not need to purchase insurance from an insurance company separately.
2. Online shopping
With online shopping, a credit card is a much safer option than a traditional bank transfer or debit card. A credit card provides security for your shopping in many ways. For example, if the purchased item does not arrive or does not meet the seller's description, you may be able to claim a refund from the credit card company.
3. Making expensive purchases
Paying with a credit card is advisable when making expensive purchases, whether it's a new smartphone or a new sofa, many credit cards include purchase protection insurance. Purchase security insures the products you pay with your card for breakage and theft, and in some cases, for loss. Watch the video below on How Purchase Security works!
4. Everyday expenses
While it is always said that basic everyday needs should not be bought as a debt, paying with a credit card for casual shopping can still make sense if you pay your credit card bill wisely. After all, we all spend the most money on everyday life; grocery shopping and car expenses, for example. For this reason, it's a good idea to take pleasure in payment methods and reward points, for example, when making everyday purchases.
However, paying on a credit card for casual shopping is only appropriate for a responsible cardholder who is not prone to waste. When you pay by credit card for everyday expenses, you must pay the credit card bill within an interest-free payment period so that the benefits are not canceled when the credit begins to increase in interest.