Filing Personal Bankruptcy Help

There are a number of practical ways of using a credit card apart from turning it into golf putter or light switch cover. When buying big-ticket items, paying for hotel accommodation or fuel, or shopping online, it is better to use a credit card rather than a debit one.

When shopping online, it is much safer to use a credit card and not your debit card. Your debit card information may get stolen as it linked to a checking account. Many credit card companies feature optional policies helping to reduce the liability to zero.

When purchasing big-ticket items, such as household appliances and furniture, it is safer to use a credit card. Canadian credit cards are featured with dispute rights as a way of dealing with defective items charged to the card. Another beneficial feature is the extended warranty which extends the merchant’s warranty. If you are to rent a car or buy electronics, some credit card issuers feature property insurance for these types of purchases. It is important to avoid carrying a balance if you buy big-ticket items. On the other hand, some cards offer additional benefits such as auto rental collision damage waver, common carrier travel accident insurance, lost luggage assistance, legal assistance, etc. With credit cards, cardholders can make emergency cash transfers and request emergency card replacement. Credit cards also come with balance protection, identity protection, and purchase assurance valid within 90 days from the date of the purchase.

Using a credit rather than debit card is recommended if you are a new customer. If you will be buying an item which takes a couple of weeks to arrive, your credit card will offer better protection. Again, if the item does not arrive or has defects, you can take advantage of the dispute rights that come with the card. Keep in mind that protection will be available over a specified period of time. Problems should be solved as soon as possible.

Credit cards are recommended for use if you are booking a travel. When using a debit card, the hotel chain or travel agency will debit it immediately.

Using your debit card to make recurring payments is not recommended because it is difficult to keep track of the payments. If you don’t have cash in your checking account, you may incur considerable late payment fees. A 0 interest credit card for recurring payments, especially if you carry a balance.

Different credit cards can be confusing, and this credit guide is here to help.

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