Credit Card Benefits

We all know the basic benefits of a credit card—allowing you to pay for things over time and building your credit, and you might even be familiar with rewards such as cash back, miles, or points, as I talked about in last week’s blog. That said, I recently opened a business credit card and was amazed at the credit card benefits. So, today’s blog is basically just a list of credit card benefits that can give/earn for you, if you have the right card:

  • All sorts of travel things:

    • Travel Lounges—have you ever seen those airport lounges like the Delta Sky Club where like, important people go? Apparently, some credit cards come with a membership to those lounges, where you can use free wi-fi and get FREE snacks and beverages. Some even have shower facilities.
    • Other travel benefits: priority check-in at the airport, statement credits for TSA PreCheck, free checked bags, and earning extra miles and free companion travel certificates.
    • Upgrade your status in certain hotel rewards clubs—with this, sometimes you become a “gold” or “elite” member faster with the credit card and earn points faster which can translate into free hotel stays.
    • Trip delay and cancellation Insurance—check before you purchase the extra insurance if you’re going on a trip, your credit card may cover this for you.
    • Car rental loss and damage insurance.
    • Baggage loss insurance.
  • No foreign transaction fees—I guess if you do a lot of shopping or travel internationally this may be of interest.
  • Preferred seating and exclusive ticket access to concerts.
  • 24/7 medical, legal, financial, and other select emergency coordination and assistance services.
  • Purchase protections:
    • Extended warranties on purchases.
    • Purchase protection if your new purchase gets stolen, damaged, or lost.

I was amazed, and I have had a credit card since I was 18 years old. My very first purchase was a set of 70’s music compilation CDs from the TV, so you can tell I have been making excellent choices my whole life.

As always, we recommend paying your credit cards, in full, each month. Credit cards can be a great convenience and have a lot of perks, but please use them responsibly.


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