New York, NY (PRWEB) September 27, 2013
ABC 7 published an article on September 26th, titled “Best Reward Credit Cards”. In response, Finance Acceleration released a list of three purposes for credit cards, focusing on the positive aspects of holding credit cards, and what credit cards can offer consumers. The article, a simple list of credit cards offering the greatest rewards, was a jumping-off point, providing consumers with one benefit of owning credit cards.
In the recent ABC 7 article, Nina Pineda started her list with a quick suggestion to readers to first clean up any poor credit scores or tidy any faulty credit history before seeking out a credit card or credit company. From there, she encouraged readers to consider their own habits and hobbies when seeking out a rewards card, as some will better benefit from flying miles, while others might be better off with a card promising movie tickets or cash back. Following her list, Pineda cautioned readers to only accept credit card offers from stores that they often shop at, rather than more obscure stores; this will ensure that consumers are getting the greatest rewards possible.
Finance Acceleration revealed three of the greatest purposes for owning credit cards, following ABC 7’s list, hoping to provide consumers with a greater understanding of credit cards perks and purpose.
The first: rewards. As ABC’s article suggested, consumers may take advantage of rewards and returns offered by credit card companies, including cash back, travel discounts, and even movie tickets or rental services. Rewards vary greatly from company to company, and work to serve a variety of wants and needs. Check with credit card providers to find the reward system that best suits individual and family needs.
The second: building credit. Credit cards are the simplest way to build credit, allowing consumers to develop a more accurate picture of their credit history and trustworthiness regarding loans and finances. This will assist individuals and families both in securing home and car payments with low interest rates, and through a reputable company.
The third and final benefit is the option to streamline bill pay. Consumers may pay all of their bills using a credit card’s automated bill pay, then pay a single lump sum at the end of the month. For some, this method of bill pay proves extremely effective, as it prevents a stack of bills from becoming lost or confused, eliminating late fees and worry.
Though these are three benefits of having credit cards, Finance Acceleration urged consumers to be wise with their finances, taking care to pay off their credit balance each month to avoid the accruing of credit card debt. FinanceAcceleration.com points readers in the direction of this site to learn more information on credit cards and loans and how they function.
Nina Pineda is a reporter for ABC 7, and has worked for the network for over 10 years. She has worked as a journalist her entire career, working on political campaigns and efforts before becoming an ABC reporter.
Finance Acceleration announced three purposes for having and using credit cards, focusing on the positive aspects of credit card ownership and usage. These include collecting rewards, building credit, and streamlining bill pay. Finance Acceleration also warned consumers to avoid treating credit cards as liquid cash, instead regarding them as tools to advance in other areas, making sure to pay the card’s balance at the end of the month instead of letting debt accrue.
FinanceAcceleration.com is an online financial resource, aimed toward helping consumers use financial tools wisely, and obtain financial security and success.