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Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.

Why Credit Cards Are Better Than Cash

[January 9th, 2015]

Maybe you’ve heard the saying, “cash is king.” But these days, cash has been dethroned by credit cards. If you haven’t heard, credit cards are better than cash in so many ways, it’s hard to imagine how we ever lived without them.

Here’s why credit cards have the edge over cash, and are only going to become better in the future:

1)    Credit cards help you keep track of your spending. If you are cash-based, it’s hard to remember what you spent where, on what, and when. Either you carry around a pocketful of receipts, write down your spending every time you pull out a wad of bills, or try very hard to remember exactly how much that cup of coffee and croissant cost before work this morning. If you switch to a card-based existence, all your spending is neatly lined up for you on your statement each month. This makes it easy to take a comprehensive look at your budget, easy to track your expenditures, and easy to review your finances anytime you wish. If you own a small business or do your own taxes, it’s even more important to have access to the spending records, budgeting tools, and expense reports offered by many credit card issuers.

2)    Credit cards and mobile payments are the way of the future. Just think how nice it would be to pay for everything with your smartphone. With credit cards, you can do this—or will be able to soon. Load your credit card info into your Apple Pay, Google Wallet, or other payment app and don’t worry about being stuck somewhere without cash.

3)    Credit cards let you earn rewards. Why use cash and get nothing back for your trouble, when you could use a credit card and earn cash back, frequent flyer miles, hotel stays, gift cards, and other bonuses with every purchase? Credit card rewards can be worth much more than you ever imagined, if you aren’t already using them. Do yourself a favor and get a good rewards credit card so you make the most of your money and earn bonuses every time you buy something.

4)    Credit cards increase your purchasing power. If you need to make a major purchase, for example a new water heater, having a credit card can make the difference between having a hot shower or shivering every morning while you save up enough cash to make the purchase. The great advantage of a credit card is that you can go ahead and buy that expensive item now and take your time paying it off. Instead of putting money in your savings account each month until you can afford something, buy it now and pay if off over time. If you get a credit card with a zero-interest on purchases introductory offer, you won’t pay a penny more in interest, and might even be rewarded for charging your purchase.

These are just a few reasons that credit cards have dethroned cash. So if you are still a believer that cash rules all, think again.

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If you’ve ever had trouble making – and sticking to – a budget, you’re not alone. A recent survey showed that while 92 percent of Americans believe everyone needs a budget to keep their finances in order, only 70 percent are actually practicing what they preach and maintaining a budget.

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