3 Reasons why a Credit Card Is Better Than Cash

1. 3 Reasons a Credit Card Is Better Than Cash

2. Credit Is Not Bad By Nature • There is an irrational and unjustified fear towards credit cards. Well, there may be some reasons to fear it, but it is the result of using them without any sort of control, and the United States of America is the perfect example of it with its gigantic debt problem. • Only look to this overview on Average Credit Card Debt in A merica (2017) to see how big of a problem it is. However, the fault does not rely on credit cards, but on its irresponsible users… • Nonetheless, in this article you will find three solid reasons on why a CC is better than cash.

3. 1 – It Is Infinitely Safer • If someone steals your cash, none will help you. Sure, you can still recover it, but it will largely depend on you and there are no guarantees you will get it back. However, with credit cards it is much different. • To avoid being so centered on America, let’s travel to the other corner of the world and let’s talk about a Thai cash card: Umay Plus. By using this card to buy, you are protected against theft and fraud. You cannot say the same about cash… can you?

4. 2 – It Makes You Someone in the System • If you want to exist in the system financially speaking, then you need to have a credit profile, and it is impossible to build it if you solely use cash. A credit card, when used correctly, is the fastest way to build your profile and boost your credit score. • If you want to request a mortgage to buy your own home, get a business loan, get better car insurance rates and avoid security deposits on utilities, then you need to get your own CC and use it to build an excellent credit score in the system. • Therefore, stop believing that a card is bad, because it can help you a lot in your life if you use it correctly.

5. 3 – It Saves You Money • Finally, it can help you to save tons of money if you use it to buy things that get exclusive discounts with this payment method. If you get a card from a reliable and efficient company that has many partnerships, then chances are you will get discounts and rewards on many shops and stores. • Of course, before requesting your CC, you need to create a budget and promise to yourself that you will stick to it no matter what. This is the root of evil: a lack of a budget and no control for sticking to it.

6. Bottom Line • You are smart enough to understand it. Credit cards are not bad if you use them with responsibility and moderation. • That is the key for exploiting it in your favor. Therefore, stop believing that cash is inherently better than credit cards, because as you have seen, it is not the case. www.umayplus.com/CashCard