Most of you have heard the word credit card. But almost few of you would be familiar with the immense advantages of this word. The credit card has become an important part of our lives. Nowadays almost every person holds a credit card. Following are some of the benefits of credit card:
1. A hotel requests a credit card to use as a deposit for incidentals. If you make charges to the room, hotel management doesn’t need to worry about you skipping out without payment. They take your card information when you check in and place a hold on the card that you cannot spend. If there are no charges, the money is cleared within a few days after your visit. No credit card? You can use a debit card, but that hold will freeze money in your account. If you have automatic payments coming out, you may run into trouble.
2. Rental car companies run things in a similar fashion. Some of your credit card balance is held just in case you return the car with no gas or with damages. After drop off, the car is inspected and if no charges accrue, the hold will be removed. What may be inconvenient to you is a relief to the business. It limits their need to chase down customers to pay for damages.
3. On a trip and plan to spend money for food, gas or entertainment? A credit card is much safer to carry with you than cash. The card is a safe way to have fun on vacation even if the card is lost or stolen. The chances of recovering cash are slim, but a card is protected. You will receive a new card within 24 hours of reporting it gone. It also protects you if someone used it fraudulently. You will have a tougher time trying to solve the problem if it was a debit card instead. Debit and credit do not carry the same protection policies.
4. There are other ways to shop online, but a credit card offers the most security. Fraud protection and return warranties provide many online shoppers a convenient and safe shopping experience.
To avail such offers you can look for a bank who offers best features on your card. You can also browse online best 2014 rated online cards.