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Why You Should Use Credit Cards For Everything

Credit Cards often get a bad name due to how much debt Americans have accumulated throughout the years by misusing them. The truth is that, when used right, credit cards are an amazing tool to actually save you money. There are tons of benefits to using your credit card to purchase just about everything you buy, and not just for convenience sake. Here are some reasons why.

1

Using Credit Cards Boosts Your Credit Rating

Seems pretty obvious, right? Actually using your credit card and paying off the entire balance each month is a great way to prove to credit card companies that you are financially responsible, resulting in a boost in your credit score. Just make sure you are only spending what you can afford to pay off each month.

2

Using A Credit Card For Everything Is Convenient

Giving up on cash can be very liberating. Keep a $20 in your wallet for emergencies and try living without cash. Paying for things becomes faster, and you never have to worry about counting change. These days you can even attach a credit card to your smart phone and pay using your phone.

3

It Makes Tracking Your Purchases Easier

If you practice the art of budgeting (and you should be), then you probably keep track of what you are spending your money on day to day to make sure you are staying within your budget. Using credit cards allows you to be able to go back and easily see charge amounts and where you spent it without having to save receipts like you would if you were using cash.

4

Set It And Forget it...

The easiest way to ensure you pay your credit card in full each month is to set up auto-pay for the entire balance. This will allow you to not have to worry about paying your card on time, since it will be taken care of for you. Just be sure to check your statements so you don't let any fraud or theft slip by.

5

Your Purchases Are Protected

When you buy items with cash you have no protection on your purchases. If you want to return an item or get a refund for a defective product, you are relying on the honesty of the company to do right by you if you paid with cash. However, when you use a credit card you can actually dispute purchases through the credit card company. This way you let the credit card company sort out the issue with the merchant, and more times than not the credit card company sides with you.

6

You Can Earn Rewards And Get Cash Back

The easiest way to ensure you pay your credit card in full each month is to set up auto-pay for the entire balance. This will allow you to not have to worry about paying your card on time, since it will be taken care of for you. Just be sure to check your statements so you don't let any fraud or theft slip by.

The benefits of switching to a mostly cash-less lifestyle are easy to see. The most important thing during making the switch is to make sure you stay honest and responsible with your money. Don't go into debt by overspending, and make sure you pay your card off in full on time. Otherwise you're defeating the purpose!

About the Author Finance Fireplace Staff

Finance Fireplace is your source for all things personal finance. We are dedicated to helping you learn more about how to save and manage your money.

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