As I have already explained in my previous post, there are myriad advantages to purchasing things on credit cards, in the form of multiple protection schemes, insurance and the ability to withhold payments until you are happy with the service you have been given.  But these are not the only advantages of using credit cards for each and every purchase, as I will now explain.

Convenience

It is no secret that credit cards are a convenient method of payment, but it is not just their usability that is an advantage.  In the modern world it is not uncommon for hotels and car rental services to ask for credit card numbers for reservations and rentals and, although debit card numbers do suffice, it is especially convenient to be able to book and pay all on one card.  What’s more, there is a peace of mind that comes with keeping companies away from checking accounts – again due to the protection offered by credit cards.

What’s more, unless you keep very detailed records of everything you purchase with cash, credit cards offer a far superior summary of your financial activity over the year, as well as over individual months and weeks.  Credit card summaries make it far easier to keep tabs on what you are spending, as well as when and where you are spending it!  Paying your bills by credit card will also combine all your outgoings into one monthly payment – your credit card payment – which is provided with a break-down of what you have spent on what.  As daunting as it may seem to have every payment coming out at once, it is a sure-fire way to ensure you don’t let the other bills mount up!

One of the most convenient aspects of paying by credit card is that they are accepted almost everywhere – Visa especially.  Anywhere you can pay on card, you can pay on Visa or Mastercard – unlike those poor fools who are tied down with a useless Solo card that can’t even be used to buy train tickets (I am one of these fools).  Putting all your purchases onto a credit card will also greatly bolster your credit rating; although most payments are very small, the overall charge to your credit card will mount up and, providing you pay it off, you will accumulate thousands of pounds of paid expenses on your credit card – the key to a badass credit rating!

So that concludes my brief insight as to why we should all use credit cards.  I believe it goes without saying that credit cards are only a good idea if you are capable of sticking to a budget; if you overspend and don’t pay off what you accumulate, credit cards will ruin you and your life.  But if you can keep tabs on what you are spending and are capable of holding back when you can’t afford to spend, credit cards are a great way of protecting yourself, you finances and your purchases, whilst paying in the quickest and most convenient manner available.

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