When consumers ignore the proper use of credit cards, this is how it becomes a problem.
New York, NY (PRWEB) January 25, 2014
On January 21, Debt Consolidation USA published an article entitled “Credit Card Benefits You May Want To Maximize.” It basically discussed the different benefits that consumers may not be aware of. While the debt relief website acknowledged that consumers have problems with credit card debt, they believe that it is not entirely the fault of this purchasing tool. In fact, the article mentioned that when consumers ignore the proper use of credit cards, this is how it becomes a problem.
Debt Consolidation USA believed that it is not necessary to eliminate this tool from a consumer’s life. In fact, when used correctly, the debt relief site mentioned the following benefits that can be enjoyed.
1. Fraud protection. The article revealed that most card companies offer protection in case the cardholder become a victim of identity theft. If reported immediately, the thief will not be able to use the card without being asked for additional identification.
2. Rewards. Another reason why credit cards are beneficial is because the companies issuing them usually offer rewards programs too. This encourages consumers to make purchases. The consumer is advised to look into the rewards of the card to ensure that it will compliment their spending lifestyle.
3. Product price protection. Some credit cards give refunds when a consumer purchases a product and finds out that another store sells it for a lower price - at least, they refund the price difference.
4. Product replacement. In case the purchased item is stolen or damaged, the credit card company can help the consumer get a replacement.
5. Longer period to refund purchase. The article also mentioned that credit card companies can offer longer refund periods for their clients.
6. Additional concierge service. There are helpful creditors who have set up a concierge service for their clients. This is probably for premium cardholders but not all consumers are probably aware of this.
7. Replacement of card. In case the consumer loses their card while on travel, there are credit card companies who can arrange to have it replaced immediately and even provide cash assistance.
8. Chargeback. Lastly, the article mentioned that credit card companies can also offer chargebacks. This will allow consumers to return something that they do not like.
Although these benefits are great, the article still warned consumers to be careful of credit card debt. The latter part of the article discussed tips on how to keep themselves from accumulating too much debt. To read the whole article, click on this link: http://www.debtconsolidationusa.com/creditcarddebt/credit-card-benefits-you-may-want-to-maximize.html.
Debt Consolidation USA is one of the leading online sources of debt and personal finance information. Visit their website to access hundreds of articles that will help boost financial education.