Yes, a credit card can buy things in a better way.
Before you learn that and get really enthusiastic about the fact, you need to know what credit cards mean to the UK people with the facts found by finder.com on UK Credit Card Statistics:
“There were 196 million credit card transactions in January 2021.”
And that refers to a significant number with the UK credit card usage.
Jimmy works in a financial institution that mainly works as a credit card provider. He told us a very interesting fact:
“Based on market data and how people make their purchases, we found that people have made considerable use of their credit cards as they have been found to be enthusiastic about it. Credit card owners are found to be quite knowledgeable in dealing with a credit card and paying their bills and purchasing items. But, it is in purchasing products, they have been identified making the best credit card usage.”
That is an eye-opening fact, right?
What Can You Buy Using Your Credit Card?
Well, your credit card can also get you a high acceptance payday loan from a direct lender online.
However, that is a loan. We are going to speak about products.
Credit cards can buy you pretty much anything from groceries to your new phone to your next car. You may also pay your bills in time using a credit card.
But, just like other special things, a credit card is also specially made to buy a certain number of things.
And such an approach means nothing but using it strategically.
Need some examples?
Of course!
Read on to find them:
- Online Purchases
- Cars
- Gasoline
- Takeaway Food
- Travel
- Electrical Appliances and Electronics
- Home Renovations
- Business Deals
Let us learn about them in a little detail.
1. Online Purchases
Yes, online purchases can be made better with a credit card.
First of all, making online purchases will make your credit card be extensively used.
Along with other purchases, you add online purchases to your credit card transaction history, which makes your credit score even go higher as you diversify the service and pay the online vendor in time.
Credit cards also come with advanced fraud protection.
So, even if you get cheated purchasing something online, you just need to mention that to your credit card provider, and practical steps will be taken.
2. Cars
It is impotent that you purchase your car with a credit card.
There are many manufacturers of automobiles who offer attractive deals on automobiles.
Plus, a credit card also offers you the scope to finalise a deal immediately (in case of limited period offers) by taking out a bad credit loan for car finance.
3. Gasoline
Gas stations provide you, not just attractive perks when you are using a credit card. They also get you to fuel at cheap rates sine you earn rewards with a credit card transaction.
Oh yes, you can also buy gas in cashback using a cashback credit card.
4. Takeaway Food
Haven’t visited restaurants lately?
Well, you can now, as both restaurant meals and takeaway food accept credit card transactions, and they might get you tastier deals as rewards.
Plus, cashback credit cards are also accepted in restaurants. You might get cashback up to 5%.
5. Travel
Travelling can become very relaxing (both mentally and financially) in case a credit card is involved.
There are special types of credit cards known as travel credit cards.
These cards come with special offers and discounts in purchasing items from the country or state you are visiting as a traveller.
You can also get travel insurance with a travel credit card.
Using a travel credit card, you can redeem your rewards and save money on accommodation fees, transportation costs, food and many more things as well.
6. Electrical Appliances and Electronics
Be it a home appliance or a gaming laptop for your teen kid. You need to use a credit card for your purchase.
Many electronic products will offer you insurance if you purchase them with a credit card.
You can also be eligible for special offers when a credit card transaction is involved.
You get the idea.
7. Home Renovations
Home renovations can be made with a credit card transaction because you can have your credit card provider be a witness to the work you want to be done.
In case you face an issue after the work, you might charge your renovators or bring the matter to their attention, teaming up with your credit card provider.
8. Business Deals
Why not?
Be it taking out a text loan for a startup business, making partnerships, buying stocks, or investing in building a new office in the UK, all of this done with a special business credit card can TRACK YOUR EXPENSES.
And that is good for cash flow.
What’s more? Business credit cards might offer you cashback rewards like cash back credit cards.
To Conclude: Food!
Did you know that cashback credit cards are accepted in almost all grocery stores?
Well, now, you know.
So, buy what you like to eat (and the other things mentioned).
But buy with a credit card.
