• ilya5055


One of the benefits of having a credit card is that it is safer than carrying cash. There is a small chance of a lost or stolen money being returned, while a credit card can easily be cancelled. Most credit cards possess security features to protect you if your card has been lost or stolen. You can also use credit cards overseas to make purchases in any currency. Although there usually is currency conversion fees applied to foreign currency transactions, it is definitely more convenient for people traveling to other countries.

Credit cards help build your credit rating and can also increase your chances of being approved for other loans or mortgages. A major part of your credit score could be derived from your credit card account details and payment history, especially if your account is in good standing. It can also serve as an emergency line of credit if you don’t have enough cash or savings to cover unexpected expenses. These are only some of the major benefits of having a credit card. It is always best to be a responsible credit card owner and be mindful of your spending.

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