Credit cards are getting a bad rap in today's time especially in this time of economic down turn. Many people are blaming their cards for causing financial loss and instability. However, this is unfair since these cards only give you the opportunity to borrow it is not the one who is actually purchasing the item. Not only that, but there are actually a lot of benefits that you can get when you own or have a credit card.
Many people only know about the things that can go wrong when you have a credit card. They do not see the different possibilities and advantages of having one. The most common advantage that you can get when you have a card is that you can have easy access to money with out carrying cash with you all the time. But this is also seen as a bane since it may cause you in getting further and further in debt when you are not careful.
However, there are other perks that you can get when you have a credit card. Here are the least known perks you can get with your credit cards:
Auto rental collision damage waiver
This is handy when you are renting a car from a different state or country. When you are renting a car and you are involved in an accident, you can pay for the damages with the existing insurance that you have. However, this is null and void when you are renting the car for more that 15 days in the US and more than 21 days in other countries. Also, the personal belongings lost in the accident as well as the miscellaneous charges are not covered.
This is probably one of the best things that you can get out of your credit cards. With this, you can go out and double the agreed warranty of the product that you have. And it does not matter whether you have a manufacturer or an assembler warranty. The bad side of this is that most luxury and high end items are not covered by this deal so you need to inquire upon purchase.
These two things are just the top of the ice berg when you are talking about the perks that you can get with your credit cards. Go out and ask your bank to know more about the different benefits that you can get with credit cards.