Honestly, cash is kind of old fashioned nowadays. With credit cards easily accessible, and banks offering rewards for checking accounts, plastic is taking the place of the bills we once favored. Even cryptocurrencies are on the rise which may even soon eliminate the need for plastic credit cards.
Where cash used to be widely accepted, it is almost shamed now. In recent history, the dollar has lost its once great value. It is also being turned down by some retailers for its alternative plastic rival. But fear not, most retailers and service providers create incentives for you to use your credit card. Here is a little advice on using your credit cards instead of cash.
Certain bills come every month, right? You always have to pay the cable bill or the telephone bill. It is advised not to use cash for these monthly reoccurring payments. Instead, set them up on your credit card. A lot of major credit card companies offer things like cash back and even sky miles for travel when you use your card. The main thing to consider, however, is paying your credit bill in full. Ultimately, the savings won’t be worth the time if you allow interest to build on your bill.
Another time you want to avoid the cash scenario is where business is concerned. Ideally, when conducting business, you want records of transactions. Whether you are buying something for the business or paying someone contracted with your business, it is best to use a debit or credit card associated with the business account. It helps to reduce any potential confusion or hassle that could come from filing business taxes with the IRS.
If you need repair work done around your house, search for a well known and trusted repair person. Even though the company you choose may be among the best, there is always room for human error. It is recommended to make payments to service providers using electronic payments. It provides proof of service and could prove to be a savior in a warranty crisis.
Electronics are equally as useful to charge on a credit card. Along with the many perks that come from credit cards, extended electronic warranties could be on the list. You may have the luxury of an extended warranty to match the manufacturer warranty. The use of credit cards definitely has its perks!
Above all else, when you are just trying to improve your credit score overall, using your credit card is actually beneficial. Swipe the card to pay the tab and use the cash to pay it back. While cash used to rule the world, the benefits of using credit cards has offered tangible rewards everyone enjoys. Conclusively, credit cards offer a security that cash doesn’t. Whether its protection from scams or other fraudulent activities, the trail and rewards of the using a card leaves can save you when you least expect it.