8 times using a credit card could actually save you money

Credit cards are one of the most popular payment methods in the U.S., and there are some good reasons for that.

For starters, credit cards offer a revolving line of credit that allows you to finance purchases. They’re also a secure and convenient method of payment.

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One-Time Bonuses

The credit card industry is competitive, and one of the credit card benefits that card issuers use to attract new customers is new account bonuses.

These one-time bonuses can come in the form of cash back, travel rewards points, or airline miles. However, most of these offers require the cardholder to spend a minimum amount within a certain time frame in order to receive the bonus.

Cash Back

Many credit cards offer valuable cash back rewards for spending. For instance, there are now several credit cards that feature 2% cash back on all purchases with no limits.

Other cash back credit cards feature bonus offers on common purchases such as gas, groceries, and travel that can range from 3% to 6% of the amount spent.

Reward Points

Like cash back rewards, there are many credit cards available that offer reward points or miles.

For instance, some Chase credit cards offer Ultimate Rewards points that cardholders can redeem for cash back, gift cards, and travel reservations, or transfer to airline and hotel partners.


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