The Top Purchases You Should Always Make With a Credit Card
The Top Purchases You Should Always Make With a Credit Card
Don't miss out on the perks of using your card in smart ways.
By John Csiszar Apr 18, 2022 Get Credit Advice
Some financial advisors suggest that consumers should never buy anything with a credit card and should only use cash for purchases. The philosophy behind this advice does have some merit, but for those that use credit responsibly, there’s a whole host of benefits. In fact, for some types of purchases, failure to use a credit card can actually be a mistake, as you’d be forsaking various forms of protection and benefits.
Although the caveat is always there that you must use your credit responsibly, here’s a list of purchases that you should always consider making with a credit card.
Electronics and Appliances
Depending on the type of card you have, you should always buy appliances and electronics on credit. Beyond any points that you might earn, many credit cards offer extended warranties on purchases of electronics and appliances. For example, if you buy a dishwasher with a one-year manufacturer’s warranty, your credit card company may double that warranty period to two years. Some credit cards also offer damage and theft purchase protection. If your purchase is damaged or stolen within a certain time period, usually 90 to 120 days, your card company will repair it or reimburse you for the purchase, up to certain limits.
Bonus Categories
Credit card issuers operate in a competitive field, and that has benefitted credit card customers immensely. Most rewards cards now offer bonus multipliers in various categories, such as three times points on travel and dining or two times points on groceries. The key to maximizing these bonus points is to pick a card that provides enhancements for things that you normally spend your money on. For example, if you spend a lot of money on groceries and gas, you’ll want to direct that spend toward a card that provides bonus points in those categories.
Airfare
Flights are among the most obvious purchases to make with credit cards. For starters, many rewards credit cards offer additional bonus points for the purchase of flights. However, most travel-oriented credit cards offer many additional perks for flight purchases.
Some cards offer free trip delay or cancellation insurance, while branded cards often grant free baggage privileges for flights purchased using the card. Many travel cards also offer lost luggage insurance, reimbursing you for your bags and their contents if they don’t turn up. Once you begin your trip, some cards offer free access to airport lounges as well.
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