Why is it better to use a credit card than cash? Do you know the reasons?
At first glance we may think that using cash for payments and purchases will always be the best option, but it’s not entirely the case and here we show you why it might be better to use your credit card instead of cash.
Why is it better to use a credit card than cash?
This is the main reason for using credit cards instead of cash. With this payment method you have the peace of mind of having anti-fraud protection in case of loss, theft or fraudulent use.
If you lose your credit card by calling the bank, you will be able to regain control of your money and information, whereas this is not possible with cash.
In addition, having a card is completely safer than having all the money in your wallet, but it is always advisable to keep it in a different place than the card.
There are a variety of discounts and benefits available when paying by credit card. Some credit cards, for example, refund the difference of the purchases, you can also win prizes or points redeemable for the proper use of these.
The discounts earned can be used in stores, to accrue miles for travel or to have some kind of assistance.
Having a credit card is more convenient than having to think about how much money to bring for a specific situation, or for example having to use exchange houses if you are traveling in another country. Someone with a credit card will never have these problems, as they will be able to access their money at any time and at any exchange rate.
However, it is logical that it is always recommended to carry some cash with you, for small payments or for purchases at street stalls, which usually do not receive cards.
It is also very convenient for the customer to make purchases and pay for them in instalments and over a long period of time, as best suits their finances.
All purchases and expenses are recorded when paying with credit card, and can be reviewed by the customer in your transactional portal or through your mobile phone, showing detailed information, even by purchase categories.
Making payments with credit or debit cards is the best way to avoid unnecessary fees and commissions, especially when you are out of your country, as you can save on currency exchange fees and cash withdrawals at ATMs.
They allow for easier tracking of expenses, a task that is quite complex when shopping with cash, as many purchase invoices and receipts accumulate, and sometimes it is almost impossible to track them.
Credit cards are not as dirty as bills and coins, which generally pass through a large number of people, bringing with them hundreds of bacteria.
It is also very important to mention that when using credit cards for payment the following month the user is financing at a 0% rate.