Credit cards have become an essential life tool. They can be used to make purchases you don't have the cash for and you could be better off paying for your utilities with your credit card.
Here are some reasons why you should take up a credit card this festive season
Protect your money
If or when you lose your wallet, chances are you will never see that money again. However, if you lose your credit card (provided you were careful and weren’t swinging it around and screaming your pin number), you won’t lose money. You also won't be liable for money spent on it after you lost it. Just be sure to report the loss quickly and always be careful with your pin.
Sometimes, it’s the only way to pay
Some companies will still insist on a credit card when taking payment, for example when you make hotel reservations or rent a car. This is because with a credit card they get greater assurance that they can recoup any additional costs you run up.
Easy to use abroad
Savvy travellers carry plastic. The convenience of travelling with your credit card in order to use it abroad remains underrated. Some cards offer incentives. Case in point, Standard Chartered Visa Infinite Cards which gives double reward points for using cards abroad. These points can be redeemed for flights and accommodation anywhere in the world.
Choosing the right Card
In order to save hundreds or maybe thousands, you only need to find out which card suits you.
Among the recommended considerations is acquiring a card that offers you the lowest interest rates and flexible terms of payment. For example, a card that you can use to make payments on shopping worth sh.20,000/= and then spread the payments over 6 or 12 months.
